The global CBD Oil Market size is expected to reach USD 3,095.3 million by 2026 and is anticipated to grow at a CAGR of 30.9% during the forecast period. according to a new study by Polaris Market Research. The report “CBD Oil Market Share, Size, Trends, Industry Analysis Report By Product (Hemp Based and Marijuana Based), By Application (Pharmaceuticals, Food & Beverages, Cosmetics and Others); By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online, Others); By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
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Flexibility of CBD oil thus resulting in a wide variety of applications, health benefits such as ability to boost cognitive abilities, anti-inflammatory properties, among others, and information outburst through a variety of platforms including social media are benefitting the CBD oil market demand. Development of novel products such as CBD oil infused honey and aggressive marketing strategies adopted to promote the same is also expected to benefit the overall market growth.
The key players in the market for CBD oil include ENDOCA, Isodiol, Medical Marijuana, Cannoid., Canopy Growth Corporation, Elixinol Group, Folium Biosciences, Diamond CBD, NuLeaf Naturals, PharmaHemp, Aphria Inc. and Gaia Botanicals among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.
In the past, CBD related research was restricted to the treatment of severe diseases such as cancer and epilepsy and this put limitations on the usage in other avenues such as cosmetics. However, with multinationals taking interest in the product, the research horizon widened and properties such as anti-inflammatory were discovered which led to the usage of the oil not just by health provider brands but by wellness brands as well. This widened usage coupled with the rising preference for preventive healthcare has fueled CBD oil market growth across the globe.
North America emerged as the largest market for CBD oil in 2018 and is expected to maintain its dominance over the forecast period. Strong presence of companies in the US, high awareness regarding CBD oil usage, availability of a wide variety of products as well as efficient distribution channels leading to easy availability are some of the factors benefitting the regional market demand. Acquisition of companies having good brand recall and brand awareness by multinationals is a key market scenario in the region.
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Polaris Market research has segmented the CBD oil market report on the basis of product, application, distribution channel and region
CBD Oil Product Outlook (Revenue, USD Million, 2015 – 2026)
Hempseed BasedMarijuana Based
CBD Oil Application Outlook (Revenue, USD Million, 2015 – 2026)
PharmaceuticalsFood & BeveragesCosmeticsOthers
CBD Oil Distribution Channel Outlook (Revenue, USD Million, 2015 – 2026)
Hospital PharmacyRetail PharmacyOnlineOthers
Table of Contents
Overview and ScopeExecutive SummaryCBD Oil Market InsightsCBD Oil Market Size and Forecast by ProductCBD Oil Market Size and Forecast by ApplicationCBD Oil Market Size and Forecast by Distribution ChannelCBD Oil Market Size and Forecast by RegionsCompany Profiles
List of Tables
Table 1 Global CBD Oil market (USD Million) 2015 – 2026Table 2 Global CBD Oil market by region 2015 – 2026 (USD Million)Table 3 Global CBD Oil market by product, 2015 – 2026 (USD Million)Table 4 Global CBD Oil market by application, 2015 – 2026 (USD Million)Table 5 Global CBD Oil market by distribution channel, 2015 – 2026 (USD Million)Table 6 Hempseed-based CBD Oil market, 2015 – 2026 (USD Million)Table 7 Hempseed-based CBD Oil market, by region, 2015 – 2026 (USD Million)Table 8 Hempseed-based CBD Oil market, 2015 – 2026 (USD Million)Table 9 Hempseed-based CBD Oil market, by region, 2015 – 2026 (USD Million)
Continued…
List of FiguresFIG. 1 Market snapshotFIG. 2 Market segmentation & scopeFIG. 3 Global CBD Oil market size and growth prospects, 2015 – 2026FIG. 4 Value chain analysisFIG. 5 CBD Oil market dynamicsFIG. 6 Key market opportunities – prioritizedFIG. 7 Industry analysis – Porter’sFIG. 8 PESTEL analysisFIG. 9 Global CBD Oil market share by product, 2018 & 2026
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