Global CBD Oil Industry valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2025. The CBD Oil Industry is continuously growing in the global scenario at significant pace. CBD is one of the hundreds of cannabinoids found in the Cannabis sativa plant. CBD can be derived from two different species of cannabinoids: marijuana and hemp. Growing awareness about benefits of CBD oil among people and worldwide expansion of young population are the substantial driving factors of the Industry during the forecast period. In addition to this, the medicinal use of CBD oil is quite popular among this demographic Cohort which also propelling the demand of CBD oil across the globe. Moreover, legalization of cannabis-based products in many regions is the major factor that likely to creating lucrative opportunity in the near future. Additionally, CBD Oils offers several benefits such as can relieve pain, reduce anxiety & depression, alleviate cancer related symptoms, reduce acne and so on. With these benefits demand of CBD Oil is increasing across the globe. However, problems associated with distribution of CBD oil is one of the major factor that limiting the Industry growth of CBD Oil during the forecast period.
The regional analysis of Global CBD Oil Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Industry share due to rapidly increasing geriatric population, rising production of CBD and rising prevalence of neurological pain among people across the region. Europe is estimated to grow at stable growth rate in the global CBD Oil Industry over the upcoming years. Asia-Pacific is anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to growing concern towards CBD oil among people in the region.
CBD Oil Industry Share and Size by 2019-2025
CBD Oil Market Segmentation:
* Marijuana-Derived CBD Oil Products
* Hemp-Derived CBD Oil Products
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in CBD Oil Market are as follows:
CBD Life UK