• Blog
  • CBD Hemp Oil Market Report

    CBD Hemp Oil Market Report

    CBD Hemp Oil Market Report
    Report code - SRHL305 Delivery - 2 Weeks
    Get Free Sample |
    Play Audio
    Listen
    Global CBD Hemp Oil Market, Dynamics, Market Analysis
    See more...

    Impact of COVID-19 on CBD Hemp Oil Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on CBD Hemp Oil Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global CBD Hemp Oil Market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over 28.2% during the forecast period.

    Figure: Global CBD Hemp Oil Market Size, 2020-2026 (USD Million)

    CBD-Hemp-Oil-Market-Forecast

    Wish to get a free sample report? Click here.

    What is CBD Hemp Oil?

    CBD is one of the many cannabinoids present in cannabis plants. It has been a traditional remedy for many years. CBD is a phytocannabinoid that is obtained from the plant known as Cannabis Sativa. CBD hemp oil is extracted from plants by crushing the plants or seeds. Pure CBD hemp oil has low THC content and unique nature. The oil contains various nutrients such as amino acids, terpenes, chlorophyll, and phytocannabinoids such as CBCV, CBD, CBN, among others.

    Key Players

    Some of the major players operating in the global CBD hemp oil market are-

    • Aurora Cannabis (Canada),
    • Folium Biosciences (The U.S),
    • ENDOCA (Denmark),
    • Gaia Herbs (The U.S),
    • Medical Marijuana (The U.S),
    • Elixinol (Australia),
    • Canopy Growth Corporation (Canada),
    • CBD American Shaman (The U.S),
    • Aphria Inc. (Canada),
    • NuLeaf Naturals (The U.S), and
    • Isodiol (Canada).

    Market Dynamics

    The market growth is majorly driven due to the rise in the need for plant-based pain relief medication as well as the prevalence of mood-related neurological disorders in the coming years.

    • The high prevalence of chronic diseases such as cancer and diabetes are further augmenting the demand for CBD hemp oil.
    • Also, strong R&D activities in plant-based medications further offer lucrative growth opportunities to the industry players.
    • However, CBD hemp oil can result in side effects such as liver problems, infections, rashes, breathing problems, and others.

    Segment Analysis

    Distribution Channel Trends

    By distribution channel, the CBD hemp oil market has been segmented into hospital pharmacies, retail pharmacies, and online pharmacies.

    • Under these, the hospital pharmacies segment held the highest market share in 2020 and is likely to register a significant CAGR in the coming years.
    • This is mainly attributed to the growing number of hospital pharmacies in the emerging countries and an increasing number of incidences such as sclerosis, cancer, diabetes, and others around the globe, thus promulgates the segment growth.

    Regional Trends

    By region, the North America market garnered the largest market share in 2020 and is projected to grow at a healthy CAGR during the assessment period.

    • This is mainly attributed to legalization of marijuana in both US and Canada coupled with increasing awareness of the benefits of CBD Hemp oil.
    • Moreover, the strong presence of companies in the region as well as the availability of a wide range of products, further augments the regional growth.

    COVID-19 Impact on Global CBD Hemp Oil Market

    The COVID-19 pandemic has negatively impacted the CBD hemp oil industry due to collapsing daily operations, strict lockdown measures, and changing consumer behaviours in almost every industry across the globe. The market started witnessing a shortage in supply due to the nationwide shutdown of transportation and manufacturing in major raw material manufacturing countries. Furthermore, owing to supply chain disruptions in the US, the supply of other raw materials has been limited, thus disrupting the manufacturing, and in turn, the supply chain of CBD hemp oil.

    Critical Questions Answered in the Report

    • What are the key trends in the global CBD hemp oil market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global CBD hemp oil market?
    • What are the key strategies adopted by the major vendors to lead in the global CBD hemp oil market?
    • What is the market share of the top vendors?

    Wish to know more about the study? Click here to get a free sample.

    Target Audience

    The following is a list of the customers that the CBD Hemp Oil market aims to convert the most:

    • CBD Hemp Oil companies,
    • CBD Hemp Oil vendors,
    • Hospitals,
    • R&D centres, &
    • Pharmaceutical companies.

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The CBD hemp oil market is expected to witness an impressive growth of 28.2% CAGR in the foreseeable future.

    Aurora Cannabis (Canada), Folium Biosciences (The U.S), ENDOCA (Denmark), Gaia Herbs (The U.S), Medical Marijuana (The U.S), Elixinol (Australia), Canopy Growth Corporation (Canada), CBD American Shaman (The U.S), Aphria Inc. (Canada), NuLeaf Naturals (The U.S) and Isodiol (Canada) are among the key players in the CBD hemp oil market.

    North America garnered the largest share in the CBD hemp oil market in 2020.

    The hospital pharmacies segment held the highest share in the CBD Hemp Oil Market in 2020.

    Rise in the need for plant-based pain relief medication, prevalence of mood-related neurological disorders, high prevalence of chronic diseases such as cancer and diabetes are the factors driving the growth of CBD hemp oil market.

    CBD Hemp Oil companies, CBD Hemp Oil vendors, Hospitals, R&D centres & Pharmaceutical companies are the target audience in the CBD hemp oil market.

    •