CBD Hemp Oil Market Overview
CBD hemp oil is a crucial blend of chemical components that control diseases and aid in the treatment of people with neurological disorders and other illnesses. CBD hemp oil is made from an organic component found in the secretions of the hemp plant. The global CBD Hemp Oil market is projected to grow at a significant rate over the stated period.
CBD hemp oil helps patients with a variety of chronic conditions, as well as improves the immune system by increasing the body's ability to create natural cannabinoids. Increased use of CBD hemp oil for treatment procedures has been attributed to rising prevalence and incidence rates of chronic diseases such as cancer and diabetes, increased focus on reducing stress and depression among the young generation, and rising concerns about the spread of neurological disorders. In the near future, these factors are expected to drive the global CBD hemp oil market. Furthermore, technological advances are expected to propel the CBD hemp oil market in the near future, such as increased use of CBD hemp oil in the form of spray, vape, and tincture.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product, Application, Distribution Channel, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | ENDOCA, Medical Marijuana, Cannoid, Canopy Growth Corporation, Elixinol Global Limited, Isodiol, NuLeaf Naturals, PharmaHemp, Aphria Inc., Folium Biosciences. |
Covid-19 Impact on CBD Hemp Oil Market
In addition, the current CBD Hemp Oil Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the CBD Hemp Oil Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
CBD Hemp Oil Market Segment Overview
In terms of Product, the Hemp-Based segment accounted for a maximum share in the global CBD Hemp Oil market. The marijuana-based segment is projected to enlarge at a substantial growth rate in the forecast period. Furthermore, these product segments are projected to gain significant market share in the estimated period. According to the application, the neurological pain segment is one of the largest segments in the market. CBD hemp oil is gaining appeal among health care practitioners, commercial users, and home users for the treatment of neurological discomfort. During the projected period, these aspects are likely to propel the neurological pain segment.
CBD Hemp Oil Market, By Product
· Hemp Based
· Marijuana Based
CBD Hemp Oil Market, By Application
· Sleeping Disorders and Depression
· Multiple Sclerosis
· Neurological Pain
· Others
CBD Hemp Oil Market, By Distribution Channel
· Hospital Pharmacies
· Retail Pharmacies
· Online Pharmacies
· Others
CBD Hemp Oil Regional Overview
Geographically, North America dominated the global CBD Hemp Oil market and it is predicted that it maintains its supremacy during the forecast period. The constantly growing elderly population in North America, as well as their admission to hospitals due to chronic disease, high adoption of treatment procedures, and the rising prevalence of neurological pain among the population in the United States, are driving the market. Furthermore, rising cannabis production and legalization of cannabis sales in Canada are expected to drive the hemp-based segment of the market in North America during the forecast period. Moreover, during the forecast period, the CBD hemp oil market in the Asia Pacific is expected to grow at a quick rate. In the Asia Pacific, China dominated the CBD hemp oil market, while Japan and India are expected to grow at a substantial CAGR over the forecast period.
CBD Hemp Oil Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
CBD Hemp Oil Market Competitor overview
Some key developments and strategies adopted by manufacturers in CBD Hemp Oil are highlighted below.
· In April 2018, Elixinol LLC, a subsidiary of Elixinol Global announced an agricultural operations extension for Elixinol LLC in the state of Colorado. Named Northern Colorado High Plains Producers (NCHPP), the joint venture with Kersey Ag strengthens Elixinol’s hemp and CBD supply chain.
CBD Hemp Oil Market, Key Players
· ENDOCA
· Medical Marijuana
· Cannoid
· Canopy Growth Corporation
· Elixinol Global Limited
· Isodiol
· NuLeaf Naturals
· PharmaHemp
· Aphria Inc.
· Folium Biosciences
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the CBD Hemp Oil market?
Technological advances are expected to propel the CBD hemp oil market in the near future, such as increased use of CBD hemp oil in the form of spray, vape, and tincture
Q2. Which Segments are covered in the CBD Hemp Oil Market report?
Product, Application, Distribution Channel, and Region. these segments are covered in the CBD Hemp Oil market report.
Q3. Which segment is projected to hold the largest share in the CBD Hemp Oil Market?
Hemp-based segment is projected to hold the largest share in the CBD Hemp Oil Market
Q4. Which region holds the largest share in the CBD Hemp Oil market?
North America held the largest share in the global CBD Hemp Oil market
Q5. Which are the prominent players in the CBD Hemp Oil Market?
ENDOCA, Medical Marijuana, Cannoid, Canopy Growth Corporation, Elixinol Global Limited, Isodiol, NuLeaf Naturals, PharmaHemp, Aphria Inc., Folium Biosciences. are some key players in the CBD Hemp Oil Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global CBD Hemp Oil Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Hemp Based
- 5.2.2. Marijuana Based
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Sleeping Disorders and Depression
- 5.3.2. Multiple Sclerosis
- 5.3.3. Neurological Pain
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 5.4.1. Hospital Pharmacies
- 5.4.2. Retail Pharmacies
- 5.4.3. Online Pharmacies
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America CBD Hemp Oil Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Hemp Based
- 6.2.2. Marijuana Based
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Sleeping Disorders and Depression
- 6.3.2. Multiple Sclerosis
- 6.3.3. Neurological Pain
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 6.4.1. Hospital Pharmacies
- 6.4.2. Retail Pharmacies
- 6.4.3. Online Pharmacies
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe CBD Hemp Oil Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Hemp Based
- 7.2.2. Marijuana Based
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Sleeping Disorders and Depression
- 7.3.2. Multiple Sclerosis
- 7.3.3. Neurological Pain
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 7.4.1. Hospital Pharmacies
- 7.4.2. Retail Pharmacies
- 7.4.3. Online Pharmacies
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific CBD Hemp Oil Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Hemp Based
- 8.2.2. Marijuana Based
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Sleeping Disorders and Depression
- 8.3.2. Multiple Sclerosis
- 8.3.3. Neurological Pain
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 8.4.1. Hospital Pharmacies
- 8.4.2. Retail Pharmacies
- 8.4.3. Online Pharmacies
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa CBD Hemp Oil Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Hemp Based
- 9.2.2. Marijuana Based
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Sleeping Disorders and Depression
- 9.3.2. Multiple Sclerosis
- 9.3.3. Neurological Pain
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 9.4.1. Hospital Pharmacies
- 9.4.2. Retail Pharmacies
- 9.4.3. Online Pharmacies
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. ENDOCA
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Medical Marijuana
- 10.6. Cannoid
- 10.7. Canopy Growth Corporation
- 10.8. Elixinol Global Limited
- 10.9. Isodiol
- 10.10. NuLeaf Naturals
- 10.11. PharmaHemp
- 10.12. Aphria Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
