Europe CBD Oil Market, By Type (THC Dominant, CBD Dominant, Marijuana Based, Hemp Based), Product Type (Original, Blended), Product Category (Unflavoured, Flavoured), Application (Food and Beverages, Personal Care/ Cosmetics, Pharma and Nutraceuticals, Industrial Application), Distribution Channel (Direct, Indirect) – Industry Trends and Forecast to 2030.
Europe CBD Oil Market Analysis and Size
Cannabidiol (CBD) is the active metabolite of medicinal plants. This is a 21-carbon terpenophenol compound that is derived from the precursor, which may also be generated synthetically following the decarboxylation. CBD appears to have little effect on conditioning or intracerebral personality stimulation in preclinical animals of abuse liability. CBD has failed to replace THC with an animal drug discrimination model. CBD has no impact on humans that suggests violence or a propensity for dependence.
Hemp and marijuana are from the same family of plants, but their function, cultivation, and application are entirely different. Weed has a strong THC rating and is used for medical or leisure purposes. Hemp has negligible levels of THC (but CBD is high) and is used in dietary supplements, skincare, clothes, and paper, among others. As with oranges and citrus fruits, both hemp and marijuana have a distinctive appearance and a distinct chemical composition. Owing to shifts in C sativa plant regulations as well as the large rise in new goods being sold, the variations between hemp and CBD oils were still uncertain. Depending on which part of the plant is extracted, there will be different components. Phytocannabinoids, including THC, CBD, and terpenoids, such as b-caryophyllene, are included.
Data Bridge Market Research analyses that the CBD oil market, which was USD 16,251,241.15 million in 2022, would rocket up to USD 1,129,922.36 million by 2030 and is expected to undergo a CAGR of 39.4% during the forecast period.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Europe CBD Oil Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Type (THC Dominant, CBD Dominant, Marijuana Based, Hemp Based), Product Type (Original, Blended), Product Category (Unflavoured, Flavoured), Application (Food and Beverages, Personal Care/ Cosmetics, Pharma and Nutraceuticals, Industrial Application), Distribution Channel (Direct, Indirect)
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Countries Covered
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Germany, Austria, Denmark, Sweden, Spain, Italy, France, U.K, and Rest of Europe
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Market Players Covered
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Aurora Cannabis (Canada), Diamond CBD (U.S.), ENDOCA (U.S.), APHRIA Inc. (Canada), ConnOils (U.S.), Elixinol Europe Limited (Australia), Emblem CANNABIS (France), NuLeaf Naturals, LLC (U.S.), CBD Ultra Limited (U.K.), and The Original Alternative (U.K.)
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Market Opportunities
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Market Definition
Cannabidiol (CBD) is a natural compound found in a plant with a rich history as a medicine with millennia history in the resinous flora of cannabis. Scientists and physicians worldwide are testing and confirming the therapeutic properties of CBD. A healthy, non-addictive medication, CBD is one of over 100 cannabis-specific cannabinoids that give a robust therapeutic profile to the plant. Tetrahydrocannabinol (THC), a compound that has enhanced the appeal of cannabis, has close links to another important medicinally active plant cannabinoid.
There are two main scientifically studied elements of cannabis. The therapeutic characteristics of both CBD and THC are significant. However, CBD does not "stoniest" or poison a person, unlike THC. CBD and THC function on various brain and body receptors in various ways. CBD can diminish or neutralize THC's psychoactive properties based on the quantity of each compound absorbed. Some are like a weed without the strong – or the least extreme – safety effects. CBD is both therapeutically effective and non-intoxicating and easily accessible as CBD oil. It appeals to those who are skeptical for the first time using cannabis.
Europe CBD Oil Market Dynamics
Drivers
- Increasing health benefits by the usage of cbd oils
CBD oil is manufactured from the non-intoxicating extract of marijuana, mainly prescribed for relief from intractable pain. It treats anxiety problems that have become common among humans nowadays due to increased stress. The recreational benefits of the marijuana plants from which the CBD oil is extracted help in improving the quality of the CBD oil.
The CBD oil gets mixed with an inert carrier oil, including hemp and coconut oil. The mixture helps make CBD gummies, capsules, and sprays for tongues. It is used to manufacture medicines that help treat several diseases.
- Growing trends of CBD-spiked foods and beverages
The food and beverage industry is getting the CBD craze because CBD usually always helps in providing potential health benefits. Cannabidiol is a non-intoxicating compound that helps improve the bioavailability and increase the level of traction of CBD, which may reach to the
The CBD oil also helps in improving the rate of metabolism when the way of food or any beverage consumes it. The swallowing of CBD oil improves the enzymes of the digestive system. The CBD oil consumed through food also properly functions the mucous membranes.
Opportunity
- Growing use of plant-based medicines
Over the last three decades, plant-based medicines and vitamins have significantly expanded, with as much as 80% of people worldwide dependent on them for a certain aspect of primary healthcare. Though the efficacy of several herbal products has been promisingly effective, many are unrests, and their use is either poorly supervised or not even supervised at all.
The effect is an inadequate understanding of how they work, possible harmful effects, contraindications, and associations with current therapeutic foods to promote such compounds' healthy and fair usage. Since protection remains a major concern with the usage of herbal medicines, it is, therefore, the value of safe and adequate quality for all herbal products and of concerted measures to safeguard public safety by the relevant regulatory authorities.
Restraint/Challenge
- Growing Side Effects Associated With Excessive Usage Of CBD Oils
CDB oil is extracted from plants, meaning CBD oil is organic and has fewer side effects, but consumption of CBD oils in more quantity has an impact and has side effects on the human body, even leading to chronic disease. Several side effects have been seen in people using CBD oils. As CBD oils make Parkinson's disease worse, even doctors also suggest not using CBD products or medicines, restraining the market growth.
CDB oil has more side effects when interacting with other medications, leading to powerful side effects on the body. The frequent use of CBD oil leads to the blood thinner in the body, leading to lower blood pressure and heart diseases. Nausea and general sickness are common side effects of CBD oil, leading to dizziness, vomiting, diarrhea, and other symptoms associated with digestive problems. Some people cannot digest the supplement containing CBD oil, which increases side effects in the body.
Recent Developments
- In June 2020, Diamond CBD launched CBD oil products, including CBD Oil with Hemp Seed Oil, Full Spectrum CBD MCT Oils, CBD Oil with Olive Oil, and CBD Oil Honey Tinctures. This new product launch has helped the company to expand its product line of CBD oil and also to increase the revenue
- In March 2019, Aurora Cannabis and its wholly-owned subsidiary CanniMed Therapeutics announced adding product information numbers (PINs) to its 78 medical cannabis products. These product information numbers will help better track and facilitate insurance coverage for their Canadian patients. The products that received PINs include topical oils, dried flowers, soft gels, and capsules
Europe CBD Oil Market Scope
The CBD oil market is segmented based on type, product type, product category, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.
TYPE
- Thc Dominant
- Cbd Dominant
- Marijuana Based
- Hemp Based
PRODUCT TYPE
- Original
- Blended
PRODUCT CATEGORY
- Unflavoured
- Flavoured
APPLICATION
- Food And Beverages
- Personal Care/Cosmetics
- Pharma And Nutraceuticals
- Industrial Application
CBD Oil Market Regional Analysis/Insights
The CBD oil market is analyzed, and market size insights and trends are provided by type, product type, product category, and application, as referenced above.
The countries covered in the CBD oil market report are Germany, Austria, Denmark, Sweden, Spain, Italy, France, U.K., and the rest of Europe.
France region is dominating as the population is demanding CBD oil products more. Hence, manufacturers are highly focused on providing the ingredients which can be utilized in oil products in this country in terms of market share.
France is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increasing awareness among consumers about the health benefits of CBD oil, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for CBD oil in the country.
The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter's five forces analysis, case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and CBD Oil Market Share Analysis
The CBD oil market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the CBD oil market are:
- Aurora Cannabis (Canada)
- Diamond CBD (U.S.)
- ENDOCA (U.S.)
- APHRIA Inc. (Canada)
- ConnOils LLC (U.S.)
- Elixinol Europe Limited (Australia)
- Emblem CANNABIS (France)
- NuLeaf Naturals, LLC (U.S.)
- CBD Ultra Limited (U.K.)
- The Original Alternative (U.K.)
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