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Europe CBD Oil Market – Industry Trends and Forecast to 2030

  • Food & Beverage
  • Upcoming Report
  • Jun 2023
  • Europe
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Europe CBD Oil Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 1129922.36 Million
Diagram Market Size (Forecast Year) USD 16251241.15 Million
Diagram CAGR %

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

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million

Segments Covered

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)

Countries Covered

Germany, Austria, Denmark, Sweden, Spain, Italy, France, U.K, and Rest of Europe

Market Players Covered

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.)

Market Opportunities

  • The growing use of plant-based medicines
  • Increasing demand for organic products in the pharmaceutical industry

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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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Europe CBD oil market value was USD 16,251,241.15 million in 2022.
The CBD oil market is projected to grow at a CAGR of 39.4% during the forecast period of 2023-2030.
The CBD oil market is segmented based on type, product type, product category, and application
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.
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