Middle East and Africa CBD Oil Market, By Type (THC Dominant, CBD Dominant, Marijuana Based and Hemp Based), Product Type (Original and Blended), Product Category (Unflavoured and Flavoured), Application (Food and Beverages, Personal Care/Cosmetics, Pharma and Nutraceuticals, Industrial Application), Distribution Channel (Direct and Indirect), Country (South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Global CBD oil market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 29.8% in the forecast period of 2020 to 2027 and is expected to reach USD 43,152.83 Thousand by 2027. Increasing awareness about the therapeutic benefits of CBD oil in the region is the factors for growth of market growth.
The industrial industry presently addresses the natural, social and economic development problems that mark the policy and market system at the beginning of the 21st century. Thus, on concluding, the increasing demand of the organic products in the pharmaceutical sector will act as the opportunity for the CBD oil market. The stringent transportation and storage norms increase warehousing cost which will act as the challenge for the CBD Oil market.
This CBD oil market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Middle East and Africa CBD oil market is segmented into type, product type, product category, application and distribution channel. The growth among segments helps you analyse 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 type, the CBD oil market is segmented into THC dominant, CBD dominant, marijuana based, hemp based. CBD dominant is dominating the Middle East and Africa market because of increasing consumption of the CBD in the legal countries in the region.
- On the basis of product type, the CBD oil market is segmented into original, blended. Blended is dominating in Middle East and Africa due to increasing consumption of the blended CBD in pharmaceutical products in the region
- On the basis of product category, the CBD oil market is segmented into unflavoured, flavoured. Unflavoured is dominating the Middle East and Africa market as unflavoured can be used in various application which increases its demand.
- On the basis of application, the CBD oil market is segmented into food and beverages, personal care/ cosmetics, pharma and nutraceuticals, industrial application. Pharma and nutraceuticals is dominating the Middle East and Africa market as CBD oil is used as nourishing the skin and protecting it from inflammation, oxidation dominates in the region.
- On the basis of distribution channel, the CBD oil market is segmented into direct, indirect. Direct is dominating the Middle East and Africa market due to increasing consumption by medical and other manufacturer in the region
CBD oil Market Country Level Analysis
Middle East and Africa market is analysed and market size information is provided by country, type, product type, product category, application and distribution channel as referenced above.
The countries covered in Middle East and Africa CBD oil market report are South Africa, Rest of Middle East and Africa.
Middle East & Africa region is dominating due to the increasing health benefits by the usage of CBD oils in region but stringent regulations are restraining the market growth.
The country section of the 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 new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing Use of Plant-Based Medicine in the CBD Oil Market
Middle East and Africa CBD oil market also provides you with detailed market analysis for every country growth in installed base of different kind of products for CBD oil Market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the CBD oil Market. The data is available for historic period 2010 to 2018.
Competitive Landscape and CBD oil Market Share Analysis
Middle East and Africa 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, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Middle East and Africa CBD oil market.
The major players covered in the report are ConnOils LLC, Aphria and other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Middle East and Africa CBD Oil Market
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 customised 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 analysed 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 (Factbook) or can assist you in creating presentations from the data sets available in the report.