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Cannabidiol Oil (CBD Oil) MarketThe report is detailed coverage about market characteristics, size, and growth, segmentation, regional breakdown, competitive landscape, market shares, trends, strategies about Global Cannabidiol Oil (CBD Oil) Market. Cannabidiol is one of the many compounds, known as cannabinoids, in the cannabis plant. Unlike tetrahydrocannabinol THC, it is not psychoactive.
According to this study, over the next five years, the Cannabidiol Oil (CBD Oil) market will register a 44.1% CAGR in terms of revenue, the global market size will reach USD 2420 million by 2024, from USD 270 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Cannabidiol Oil (CBD Oil) business
Europe and North America are the leading centers producing cannabidiol oil, in the present time. An integrated industry chain has been formed by the CBD oil producers in the industry, to downstream industries. Cannabidiol Oil (CBD Oil) is provided to the customers directly by many industries.
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Key player dominating the market are the following
Kazmira
CW Hemp/CW Botanicals
Freedom Leaf
Green Roads
Medical Marijuana
Folium Biosciences
HempLife Toda
Cannavest
Pharmahemp
ENDOCA
CBD American Shaman
NuLeaf Naturals Select Oil
K.I.N.D. Concent
rates
Canopy Growth Corporation
Aphria
Emblem Cannabis Oils
Whistler
The Lab
Absolute Terps
The major driving factors that are drawing consumer attention towards this product are as follows.
CBD is a well-known natural remedy used for various common ailments.
It has been proved in different studies that cannabidiol can help reduce chronic pain, reduce inflammation and interaction with neurotransmitters.
cannabidiol oil has a treatment for both depression and anxiety, which has led many people who suffer from these disorders to become interested in this natural approach.
CBD oil has even been used to safely treat insomnia and anxiety in children with post-traumatic stress disorder.
CBD oil contains cancer healing elements and reduces side effects related to cancer treatment, like nausea, vomiting, and pain.
CBD oil is useful in treating acne due to its ability to reduce sebum production.
Circuits in the brain that are related to drug addiction can be modified using CBD.
CBD has demonstrated anti-tumor effects.
In diabetic treatment with CBD reduced the incidence of diabetes by 56 %.
And all the above-listed factors have boosted this market mostly in the medical healthcare sector.
Market segmentations:-
Segmentations in this market are made on the following basis.
By Type
Hemp-derived Type
Marijuana-derived Type
By Applications
Pharmaceuticals Industry
Food Industry
Cosmetics Industry
Others
Market segmentation By Region and Regional Analysis:-
The dominance of this market is prevailing in the following regions
North American regions including the United States, Canada, and Mexico
European regions including Germany, France, UK, Russia, and Italy
Asia-Pacific regions including China, Japan, Korea, India, and Southeast Asia
South American regions including Brazil, Argentina, Colombia, etc.
The Middle East and African regions including Saudi Arabia, UAE, Egypt, Nigeria, and South Africa.
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