Cannabidiol or
CBD is a natural remedy used for various common ailments. CBD oil is prepared
by extracting CBD from the cannabis plant, diluting it with the oil like hemp
seed or coconut oil. CBD is natural botanical concentrate oil with key benefits
such as relieving pain, alleviating cancer-related symptoms, reducing anxiety &
depression, neuro protective properties, reducing acne, benefit heart health
and several other potential benefits (anti-tumor effects, antipsychotic effects,
diabetes prevention and substance abuse treatment). The Cannabidiol benefits have progressively made
people aware over its value as oil can be, ensuring that it is used on a
significant basis. The adoption rate of cannabidiol oil also helps in drug
withdrawal.
According to
study, “Global Cannabidiol Oil (CBD Oil)
Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” some of the major companies
that are currently working in the global cannabidiol oil (CBD oil) market are Kazmira,
Freedom Leaf, CW Hemp/CW Botanicals, Medical Marijuana, Green Roads, HempLife
Today, Folium Biosciences, Pharmahemp, Cannavest, CBD American Shaman, ENDOCA,
Select Oil, NuLeaf Naturals, K.I.N.D. Concentrates, Aphria, Canopy Growth
Corporation, Whistler, Emblem Cannabis Oils, Absolute Terps, The Lab., Bluebird
Botanicals Ltd., Isodiol International Inc., Medical Marijuana Inc., CV
Sciences Inc., Canopy Growth Corporation, Elixinol Global Limited, Aurora
Cannabis.
Based on product,
global cannabidiol oil (CBD oil) market is segmented into hemp-derived CBD oil,
marijuana-derived CBD oil and others. These products provide temporary relief
of muscle & joint discomfort caused due to regular activities and workouts.
Hemp-based CBD oil product has lower delta-9 tetrahydrocannabinol (THC)
concentration, while marijuana-derived CBD oil product has a moderately high
concentration of THC. Hemp-derived CBD oil is expected to emerge extremely
lucrative in over the forecast period owing to increase in demand for the
product among patients suffering from chronic disorders, such as diabetes and
cancers. Based on distribution channel, market is segmented into E-commerce
websites, hospital pharmacies, retail pharmacies and medical marijuana
dispensaries. Based on application, market is bifurcated into pain relief,
neurological disorders, mood disorders, fibromyalgia (FM) and diabetes etc. In
addition, based on end-use industries, market is segmented into food industry,
pharmaceuticals industry, cosmetics industry and others.
The market of
global CBD oil is primarily driven by availability to mechanically created gut
the board items, followed by constant product innovations & developments, growing
awareness about health benefits, quickly rising population, and positive
repayment strategies in various established locales over the world. Additionally,
an increment in responsiveness identified with the available CBD Oil is
probably going to stimulate the expansion of the worldwide market.
North America is
a primary region in the market on account of increasing prevalence of chronic
diseases and rise in geriatric population. Moreover, in U.S., rising incidence
of neurological pain is also anticipated to enhance the demand for the oil. Asia
Pacific is also likely to emerge one of the promising regions in the market
caused by increasingly investing in research & development (R&D)
activities. In 2019, the worldwide CBD oil market will be reached at US $270
million and also likely to reached US $2420 million, by 2024. In upcoming
years, growing healthcare spending all over the globe is also expected to
support market growth.
For more
information, refer to below link:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
