Global Broad Spectrum Cannabidiol (CBD) Oil Market, By Compound (Terpenes, Flavonoids, Cannabinoids), Type (Hemp-Derived, Marijuana-Derived), Application (Cosmetics Industry, Food Industry, Pharmaceuticals Industry, Others) Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Broad Spectrum Cannabidiol (CBD) Oil Market
Broad spectrum cannabidiol (CBD) oil market size is expected to grow at a compound annual rate of 6.8% in the forecast period 2021 to 2028 and is likely to reach USD 2.03 billion by 2028. The rise in the product acceptance and usage is the factor responsible for the growth of broad spectrum cannabidiol (CBD) oil market in the forecast period of 2021 to 2028.
Cannabidiol (CBD) oil is a safe and a non-addictive substance which is found in the cannabis plant. CBD oil is largely used in various medical applications such as stress relief, diabetes prevention, anxiety and depression, improvement of cancer symptoms, lessening of pain and acne drop. Broad spectrum cannabidiol (CBD) usually contains other cannabinoids found in the cannabis plant, such as terpences and CBN, but it does not contain THC.
The major growing factor towards broad spectrum cannabidiol (CBD) oil market is the rise in adoption of CBD-based products for treating various medical conditions. Furthermore, the rise in the occurrence of chronic diseases and related complications and the legalization of CBD in various regions are also expected to heighten the overall demand for broad spectrum cannabidiol (CBD) oil market over the forecast period of 2021 to 2028. Moreover, the rise in the millennial population and rise in the number of new product launches are also expected to serve as foremost drivers for the broad spectrum cannabidiol (CBD) oil market at a global level. In addition, the rise in awareness about the health advantages of cannabis and rapid increase in the production of hemp are also lifting the growth of the broad spectrum cannabidiol (CBD) oil market.
However, the lack of legalization initiatives and toxic effects related with cannabis are projected to act as a restraint towards the growth of broad spectrum cannabidiol (CBD) oil market, whereas the rigid regulatory policies can challenge the growth of the broad spectrum cannabidiol (CBD) oil market.
Moreover, the rise in the research and development efforts and financial funding for cannabinoid research, high adoption of hemp oil in pharmaceutical industries and rise in the plant-based medicines are expected to further generate new opportunities for the broad spectrum cannabidiol (CBD) oil market in the forecast period of 2021 to 2028.
This broad spectrum cannabidiol (CBD) oil market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on broad spectrum cannabidiol (CBD) oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Broad Spectrum Cannabidiol (CBD) Oil Market Scope and Market Size
Broad spectrum cannabidiol (CBD) oil market is segmented on the basis of compound, type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of compound, the broad spectrum cannabidiol (CBD) oil market has been segmented into terpenes, flavonoids and cannabinoids.
- On the basis of type, the broad spectrum cannabidiol (CBD) oil market has been segmented into hemp-derived and marijuana-derived.
- The application segment of the broad spectrum cannabidiol (CBD) oil market has been segmented into cosmetics industry, food industry, pharmaceuticals industry and others.
Broad Spectrum Cannabidiol (CBD) Oil Market Country Level Analysis
Broad spectrum cannabidiol (CBD) oil market is analyses and market size, volume information is provided by country, compound, type and application as referenced above.
The countries covered in the broad spectrum cannabidiol (CBD) oil market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the broad spectrum cannabidiol (CBD) oil market due to the legalization of medical cannabis in the U.S along with the increase in the approval of cannabidiol for health, medicinal and personal usage. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the establishment of hemp manufacturing plants, particularly in China and the increase in the attention of producers of cannabidiol-based products.
The country section of the broad spectrum cannabidiol (CBD) oil market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Broad Spectrum Cannabidiol (CBD) Oil Market Share Analysis
Broad spectrum cannabidiol (CBD) oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to broad spectrum cannabidiol (CBD) oil market.
The major players covered in the broad spectrum cannabidiol (CBD) oil report are Gaia Herbs Hemp, ENDOCA, Diamond CBD, NuLeaf Naturals, LLC, CV Sciences, Inc., ConnOils LLC, Medical Marijuana, Inc., FOLIUM BIOSCIENCES, PureKana LLC, CBD American Shaman, Canopy Growth USA, LLC, Elixinol Global Limited, KAZMIRA, Emblem Cannabis, Aphria, Curaleaf Hemp, Joy Organics, Isodiol International Inc., MM Enterprises USA, LLC, and Aurora Cannabis Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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