Global CBD Oil Market is expected to grow at CAGR of 38.45% to reach USD 3782.32 Million till 2024

1. Global CBD Oil Market is expected to grow at CAGR of 38.45% to reach USD 3782.32 Million till 2024 SAMPLE FOR MORE INFO PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

2. CBD Oil Market CBD Oil (Cannabidiol Oil) Market: Information by Type (Hemp-Derived & Marijuana-Derived), Application (Cosmetics Industry, Food Industry, Pharmaceuticals Industry & Others) and Region (Americas, Europe, Asia-Pacific and Middle East &Africa) - Global Forecast till 2024 The Global CBD Oil Market is expected to grow at CAGR of 38.45% to reach USD 3782.32 Million till 2024. CBD oil is an extract of cannabis that acts as a natural pain reliever, has anti-inflammatory properties, and reduces epileptic seizures, etc. According to a survey by the National Center for Biotechnology Information (NCBI) conducted between 2017 to 2018, about 62% of the population used CBD-based products to treat various medical conditions. CBD oil market has been gaining massive traction in the recent years owing to increased research activities in the field of cannabidiol or CBD that have come to indicate that the product can prove to be beneficial in easing the symptoms of a number of ailments. Therefore, CBD oil has come to be used in a plethora of bodily applications ranging from pain management to anxiety relief to a sleep aid. CBD oil market has therefore grown at a prolific rate and has come to be marketed in a variety of forms that include topical ointments, capsules, infused honey etc. Medically prescribed CBD oil has been legalized in many regions of the world. Request For Sample Report: https://www.marketresearchfuture.com/sample_request/7355 www.marketresearchfuture.com

3. CBD Oil Market Segmentation: The CBD oil market is segmented on the basis of type which includes hemp-derived CBD oil and marijuana-derived CBD oil. Hemp-derived CBD oil market is expected to register the highest CAGR and a market size of USD 2,092.97 million by 2024. Hemp derived CBD oil market has apparently gained greater traction when compared to marijuana-derived CBD oil due to the lower concentration of tetrahydrocannabinol (THC) in the former. While THC concentration in hemp derived CBD is 0.3%, marijuana-derived CBD contains 15% to 40% of THC. 0.3% THC is the permitted concentration of the compound as this renders the formula non-addictive and therefore hemp derived CBD is legal in most states in the U.S. as well as most parts of the world. By application, CBD oil market is divided into cosmetics, food, pharmaceuticals and others. The cosmetics CBD oil industry is anticipated to witness a massive CAGR of 38.80% over the analysis period. Various cosmetic products are being infused with hemp-derived oils as the benefits of hemp oil are hailed in the beauty industry for its anti-inflammatory and moisturizing characteristics. Browse Complete Report : https://www.marketresearchfuture.com/reports/cbd-oil-market-7355 www.marketresearchfuture.com

4. CBD Oil Market Regional Analysis: CBD oil market comprises four regional categories namely Americas, Europe, Asia Pacific and MEA. Owing to increased demand for CBD oil based products, the CBD oil market is slated to accrue a significant portion of its revenue from the business in the Americas. The WHO estimates that 22.2 million Americans use CBD oil and related products for various reasons. Competitive Spectrum: Some of the prominent participants in the CBD oil market include, Aphria Inc., MedMen Enterprises Inc., Curaleaf Holdings, Inc. CBD American Shaman, Green Roads of Florida, LLC, ENDOCA, Charlotte's Web Holdings, Inc., Freedom Leaf, Inc., Pharmahemp, Absolute Terps, Whistler Medical Marijuana Corporation, Kazmira LLC, Aurora Cannabis, CV Sciences, Inc., NuLeaf Naturals, Canopy Growth Corporation, HempLife Today, Emblem Cannabis etc. www.marketresearchfuture.com

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