U.S. Hemp Oil Market is expected to grow with the CAGR of 26.8% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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U.S. hemp oil market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in the U.S. hemp oil market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, In December 2019, Nuclear Naturals, LLC announces that they are engaged in the mutual partnership with Terence Crawford for the manufacturing of CBD oil products. Through this merger the company will expand their product portfolio in the market.
Diamond CBD LTD. is the dominating player in the U.S. hemp oil market. The other key players existing in the market includes are, Tropical Products, Gaia Herbs,HempLife Today,Medix CBD, NuLeaf Naturals, LLC, CV Sciences, Inc., ConnOils LLC, Medical Marijuana, Inc, FOLIUM BIOSCIENCES.
Diamond CBD LTD.
Diamond CBD LTD. headquartered in Florida, the U.S. The company is engaged in providing CBD hemp products such as oils, drinks and others. The company offers various products such as oils, edibles, creams, bath & body, drinks, capsules, pets, vapes, raw, smokables and the market focused product is oils.
For Instance,
- In November 2019, Diamond CBD announces the offer in their beauty box that contains bath salts to body scrubs, edibles worth USD 2500. Through this offer, the company aimed to expand their product portfolio in the market.
The company has global presence in the U.S. and the U.K.
Tropical Products
Tropical products founded in 2002 and headquartered in Massachusetts, the U.S. The company is engaged in manufacturing and filling of personal care, pet care, and household. The company offers products such as personal care, pet care, household among which personal care is market focused segment.
The company has global presence in the U.S.
Medical Marijuana, Inc.
Medical Marijuana, Inc. founded in 2009 and is headquartered in California, U.S. The company is engaged in manufacturing of CBD and other marijuana products to its customers. The company offers various solution such as CBD Oil, CBD tinctures, CBD capsules, vaporizers, accessories, hemp clothing, hemp foods among which CBD oil, CBD tinctures, CBD capsules, vaporizers is our focused category.
- In May 2020, Medical Marijuana, Inc. announces that their subsidiaries Kannaway and HempMeds have received a Stevie Award at the 18th Annual American Business Awards. Through this award, the company will be able to gain more trust of its customers.
The company has global presence in the U.S.
