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 few years.
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 region.
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.
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