This report provides exclusive insights into the COVID-19 impact on the CBD Hemp Oil Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the CBD Hemp Oil Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of CBD Hemp Oil Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on CBD hemp
oil market provides an in-depth analysis of segments and sub-segments in the
global as well as regional CBD hemp oil market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional CBD
hemp oil market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global CBD
hemp oil market. According to the report, the global CBD hemp oil market is
projected to grow at a CAGR of 13.3% over the forecast period of 2019-2025.
CBD hemp oil is derived from an organic substance formed from the
plant’s secretions. The oil has a unique nature and low THC content. It
contains nutrients such as amino acids, terpenes, chlorophyll, and
phytocannabinoids like CBD, CBCV, CBN, and others. CBD hemp oil contains a
mixture of chemicals that aids neurological disorders and other diseases.
High incidence rates of chronic diseases such as cancer and
diabetes are the major factors driving the growth of the CBD hemp oil market
across the globe. Increased focus on decreasing stress & depression among
the young generation is the other key factor that helps the growth of the
global market. Furthermore, growing concerns over neurological disorders have
led to a rise in the usage of the CBD hemp oil market for treatment procedures.
However, side effects such as infections, liver problems, breathing problems,
rashes, and others may hamper the growth of the CBD hemp oil market over the
forecast period. Moreover, technological advancements, such as growing usage of
CBD hemp oil in the form of vape, spray, and tincture, is expected to create
beneficial opportunities for the growth of the CBD hemp oil market in the next
In terms of region, North America is expected to dominate the CBD hemp
oil market over the forecast period due to the rapidly increasing aged
population and their fee to hospitals due to chronic disease, high adoption of
the treatment procedures. Also, the increasing rate of neurological pain among
the population in the United States drives the market growth in the region.
Furthermore, the growing production of cannabis and legalization on the sale of
cannabis in Canada is likely to boost the hemp-based segment of the market in
North America over the forecast period. Moreover, Asia Pacific is estimated to
grow at a beneficial speed during the forecast period. Factor such as an
increase in chronic diseases drives the market growth in the region. According
to the World Health Organization, chronic diseases like diabetes,
cardiovascular diseases, and cancer claim around 8.5 million lives in Asia
Pacific. CBD hemp oil finds extensive use in relieving chronic pain, as such
the market is likely to come across lucrative growth opportunities in the
The report on the global CBD hemp oil market covers segments such as
product, application, and distribution channel. On the basis of product, the
sub-markets include hemp-based, and marijuana-based. On the basis of
application, the sub-markets include sleeping disorders & depression,
multiple sclerosis, neurological pain, and other application. On the basis of the distribution channel, the sub-markets include hospital pharmacies, retail
pharmacies, online pharmacies, and other distribution channel.
The report provides profiles of the companies in the market such
as ENDOCA, Cannoid, Elixinol, PharmaHemp, Medical Marijuana, Aurora Cannabis,
Aphria Inc., Canopy Growth Corporation., NuLeaf Naturals, and Isodiol.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of CBD hemp oil
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.