Global CBD Oil Market

Global CBD Oil Market, By Types (Hemp-Derived and Marijuana-Derived), By Products (Natural and Blended), By Product Category (Unflavoured and Flavoured), By Applications (Food & Beverages, Cosmetics, Pharmaceuticals, Nutraceuticals, Industrial), By Distribution Channels (Online and Offline), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-3555
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 202
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The global CBD oil market size is expected to expand at a compound annual growth rate (CAGR) of approximately 33% from 2021 to 2028, with a market size of approximately USD 585 million in 2020. Cannabidiol (CBD) oil is a non-addictive, non-psychoactive component of the cannabis plant. CBD is the second most prevalent cannabinoid present in cannabis after tetrahydrocannabinol (THC). Cannabidiol oil is often utilized for medicinal reasons. due to its lack of intoxicating effects. CBD oil is utilized in a variety of medicinal applications, including anxiety and depression therapy, stress relief, diabetes prevention, pain relief, cancer symptom relief, and acne reduction. CBD-based products are increasingly being utilized to treat a wide range of medical conditions, hence the global CBD market is projected to grow rapidly over the forecast period.

Global CBD Oil Market summary

Market Trends, Drivers, Restraints, and Opportunities:

  • Growing research funding for cannabinoid research, CBD legalization in various areas, and the increased prevalence of chronic illnesses and accompanying problems are driving the global CBD oil market.
  • The negative consequences of cannabis and stringent government restrictions impede the growth of the CBD oil market.
  • Growing awareness among consumers and various benefits offered by CBD oil are expected to create opportunities for the players in the CBD oil market.

Scope of the report:

The report on the global CBD oil market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

CBD Oil Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

By Types (Hemp-Derived and Marijuana-Derived), By Products (Natural and Blended), By Product Category (Unflavoured and Flavoured), By Applications (Food & Beverages, Cosmetics, Pharmaceuticals, Nutraceuticals, Industrial), By Distribution Channels (Online and Offline)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

ENDOCA, Gaia Botanicals, LLC.CBD American Shaman, Green Roads, Charlotte’s Web, NuLeaf Naturals, LLC, Big World Brands LTD, Penguin Wellness, LLC, Simply Better Brands Corp., Medterra, and MISSION FARMS CBD

Global CBD Oil Market Segment Insights:

High usage of hemp-derived CBD oil to drive the market

In terms of types, the global CBD oil market is segmented into hemp-derived and marijuana-derived. The hemp-derived segment holds a significant market share and is expanding at substantial rate. The significant market share of hemp-derived CBD oil is attributed to the different concentrations of tetrahydrocannabinol (THC) in hemp and marijuana. Hemp has a low percentage of THC, about 0.3% or less, whereas marijuana has a high content of THC, between 15% and 40%. As a result, hemp is utilized in industries, whereas marijuana is cultivated for recreational and medical uses. The legalization of the fast-growing industrial hemp crop is expected to boost the market. Rising knowledge of usage of marijuana in ailments is supporting the significant segment share of marijuana-derived products. Government officials are increasingly supporting the promotion of medications that are helpful in treating a variety of illnesses. All these factors are anticipated to create opportunities in the CBD oil market and propel the market.

Global CBD Oil Market TAXONOMY

Blended segment to drive the market

On the basis of products, the global CBD oil market is segmented into natural and blended. The blended segment is expected to hold a significant market share and expand at a substantial rate, owing to modification of the product according to the need of the end user.

Growing usage of unflavored CBD oil to drive the market

Based on product category, the global CBD oil market is segmented into unflavored and flavored. The unflavored segment is expected to dominate the market, due to growing usage of unflavored oil for development of products.

Rising application of CBD oil in cosmetics to drive the market

In terms of applications, the global CBD oil market is segmented into food & beverages, cosmetics, pharmaceuticals, nutraceuticals, and industrial. The cosmetics segment has a significant market share, and is expected to expand at an approximate CAGR of 38% during the forecast period. CBD oil-infused beauty products are becoming popular as a result of growing legality and significant study, as hemp-derived oils are known to unclog pores, be anti-inflammatory, and enhance moisturization. This is expected to generate demand for CBD oil across the globe in the near future.

High adoption of smartphones to drive the market

On the basis of distribution channels, the global CBD oil market is segmented into online and offline. The online segment is expected to hold a significant market share and expand at a substantial rate, owing to high adoption of smartphones and internet penetration. The offline segment is losing its market share, as it is uncomfortable and it takes time to receive the products via the offline distribution channel.

Robust network of online sales channels in North America to drive the market

Based on regions, the global CBD oil market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe and North America jointly account for more than approximately 70% of the CBD oil market share, owing to a robust network of online sales channels, high level of knowledge about the advantages of cannabidiol, and the launch of retail goods such as CBD oil, CBD gummies, and CBD drinks in these regions. The market in Asia Pacific is anticipated to expand at a substantial rate, owing to increased production and cultivation in the region. Players in end-use industries such as personal care and cosmetics are attempting to enhance their profitability and revenue in developing nations. As a result, the focus of cannabinoid-based product manufacturers in Asia Pacific, as well as the legalization of cannabis for therapeutic purposes in those countries, are driving the market.

Segments

Segments Covered in the Report:
By Types

  • Hemp-Derived
  • Marijuana-Derived

By Products

  • Natural
  • Blended

By Product Category

  • Unflavoured
  • Flavoured

By Applications

  • Food & Beverages
  • Cosmetics
  • Pharmaceuticals
  • Nutraceuticals
  • Industrial

By Distribution Channels

  • Online
  • Offline

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • ENDOCA
  • Gaia Botanicals
  • LLC.CBD American Shaman
  • Green Roads
  • Charlotte’s Web
  • NuLeaf Naturals, LLC
  • Big World Brands LTD
  • Penguin Wellness, LLC
  • Simply Better Brands Corp.
  • Medterra
  • MISSION FARMS CBD

 

Competitive Landscape

Key players in the global CBD oil market include ENDOCA, Gaia Botanicals, LLC.CBD American Shaman, Green Roads, Charlotte’s Web, NuLeaf Naturals, LLC, Big World Brands LTD, Penguin Wellness, LLC, Simply Better Brands Corp., Medterra, and MISSION FARMS CBD. The global CBD oil market is heavily fragmented. There is a wide range of products in the market. Majority of the firms focus on low-cost items, while some adopted mergers and strategic alliances to grow their operations.

Global CBD Oil Market key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. CBD Oil Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. CBD Oil Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. CBD Oil Market - Supply Chain
  4.5. Global CBD Oil Market Forecast
     4.5.1. CBD Oil Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. CBD Oil Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. CBD Oil Market Absolute $ Opportunity
5. Global CBD Oil Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. CBD Oil Market Size and Volume Forecast by Types
     5.3.1. Hemp-Derived
     5.3.2. Marijuana-Derived
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global CBD Oil Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. CBD Oil Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global CBD Oil Demand Share Forecast, 2019-2026
7. North America CBD Oil Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America CBD Oil Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America CBD Oil Market Size and Volume Forecast by Types
     7.4.1. Hemp-Derived
     7.4.2. Marijuana-Derived
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America CBD Oil Demand Share Forecast, 2019-2026
8. Latin America CBD Oil Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America CBD Oil Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America CBD Oil Market Size and Volume Forecast by Types
     8.4.1. Hemp-Derived
     8.4.2. Marijuana-Derived
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America CBD Oil Demand Share Forecast, 2019-2026
9. Europe CBD Oil Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe CBD Oil Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe CBD Oil Market Size and Volume Forecast by Types
     9.4.1. Hemp-Derived
     9.4.2. Marijuana-Derived
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe CBD Oil Demand Share Forecast, 2019-2026
10. Asia Pacific CBD Oil Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific CBD Oil Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific CBD Oil Market Size and Volume Forecast by Types
     10.4.1. Hemp-Derived
     10.4.2. Marijuana-Derived
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific CBD Oil Demand Share Forecast, 2019-2026
11. Middle East & Africa CBD Oil Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa CBD Oil Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa CBD Oil Market Size and Volume Forecast by Types
     11.4.1. Hemp-Derived
     11.4.2. Marijuana-Derived
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa CBD Oil Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global CBD Oil Market: Market Share Analysis
  12.2. CBD Oil Distributors and Customers
  12.3. CBD Oil Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. ENDOCA
     12.4.2. Gaia Botanicals
     12.4.3. LLC.CBD American Shaman
     12.4.4. Green Roads
     12.4.5. Charlotte’s Web
     12.4.6. NuLeaf Naturals, LLC
     12.4.7. Big World Brands LTD
     12.4.8. Penguin&

Segments Covered in the Report:
By Types

  • Hemp-Derived
  • Marijuana-Derived

By Products

  • Natural
  • Blended

By Product Category

  • Unflavoured
  • Flavoured

By Applications

  • Food & Beverages
  • Cosmetics
  • Pharmaceuticals
  • Nutraceuticals
  • Industrial

By Distribution Channels

  • Online
  • Offline

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • ENDOCA
  • Gaia Botanicals
  • LLC.CBD American Shaman
  • Green Roads
  • Charlotte’s Web
  • NuLeaf Naturals, LLC
  • Big World Brands LTD
  • Penguin Wellness, LLC
  • Simply Better Brands Corp.
  • Medterra
  • MISSION FARMS CBD

 

Key players in the global CBD oil market include ENDOCA, Gaia Botanicals, LLC.CBD American Shaman, Green Roads, Charlotte’s Web, NuLeaf Naturals, LLC, Big World Brands LTD, Penguin Wellness, LLC, Simply Better Brands Corp., Medterra, and MISSION FARMS CBD. The global CBD oil market is heavily fragmented. There is a wide range of products in the market. Majority of the firms focus on low-cost items, while some adopted mergers and strategic alliances to grow their operations.

Global CBD Oil Market key players

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