size of us market for cbd oil

Global CBD Oil Market Trajectory & Analytics Report 2021 – ResearchAndMarkets.com

DUBLIN–( BUSINESS WIRE )–The “CBD Oil – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global market for Cannabidiol (CBD) Oil estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$12.9 Billion by 2027, growing at a CAGR of 36.6% over the period 2020-2027.

Marijuana-Derived CBD Oil, one of the segments analyzed in the report, is projected to record 38.8% CAGR and reach US$8.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hemp-Derived CBD Oil segment is readjusted to a revised 32.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $436.3 Million, While China is Forecast to Grow at 35.3% CAGR

The Cannabidiol (CBD) Oil market in the U.S. is estimated at US$436.3 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 35.3% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.3% and 31.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 25.5% CAGR.

CBD Oil Market Size, Share, Industry Growth, Global Trends, Business Opportunities, Upcoming Demand Status, Revenue and Forecasting by 2027

SAN FRANCISCO , Jan. 18, 2022 /PRNewswire/ — Recent industry trends & research study on CBD Oil Market Size, Share, Growth, and Industry Trends and Forecast 2027 highlights various industry aspects like CBD Oil types, end-users, applications, new product launches. For a Powerful Business Growth, companies must take up market research report service which has become quite vital in this rapidly altering marketplace. The realistic CBD Oil Market report analyses the market status, growth rate, future trends, market drivers, opportunities, challenges, entry barriers, risks, sales channels, and distributors. This industry report comprises of a deep knowledge and information on what the market's definition, classifications, applications, and engagements and also explains the drivers and restraints of the market which is derived from SWOT analysis. Thus, an all-inclusive CBD Oil market analysis report serves a lot for the business and bestows with a solution for the toughest business questions. The market share of major competitors on global level is studied where key areas such as Europe , North America , Asia Pacific and South America are taken into account in the large scale CBD Oil market research report.

Market Analysis and Insights:

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 with a CAGR of 38.4% in the forecast period of 2029 to 2029 and expected to reach USD 27,939,481.97 million by 2029.

Get Download Sample Copy with the CBD Oil Market Graphs, Facts and Figures @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-cbd-oil-market

The research report evaluates all the data which will be helpful for the growing business strategies and highlights information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts. Provides important information for well-known companies that are one of the top-performing companies.

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Global CBD Oil Market Scope and Market Size

On the basis of type, the global CBD oil market is segmented into THC dominant, CBD dominant, marijuana based and hemp based. In 2029, CBD dominant will dominate the market due to increase use in the medical and pharmaceutical industries.

On the basis of product type, the global CBD oil market is segmented into original and blended. In 2029, blended segment will dominate the market due to increased use in the CBD due to modification the product according to the need of the end user.

On the basis of product category, the global CBD oil market is segmented into unflavoured and flavoured. In 2029, unflavoured will dominate the market due to increased use in the unflavoured for the recreation of the new product.

On the basis of application, the global CBD oil market is segmented into food and beverages, personal care/cosmetics, pharma and nutraceuticals and industrial application. In 2029 pharma and nutraceuticals will dominate the market due to high adoption of CD products in various medicines.

On the basis of distribution channel, the global CBD oil market is segmented into direct and indirect. In 2029, direct segment is dominating the market growth due to increasing number of platform for the advisement of the product dominates the segment in the region.

The Research Report Covers Current Market Size and Growth based on Top Most Dominant Key Players/Manufacture:

NuLeaf Naturals, LLC

CV Sciences, Inc.

Medical Marijuana, Inc.

CBD American Shaman

Elixinol Global Limited

Highlighted Key Points Covered in this Updated Research Reports Include:

Research reports involve the overall industry status worldwide.

Impact of Covid-19 on market growth, size, share & sales.

Comprehensive analysis market drives & manufacturers with the latest innovation.

Report provides country-wise economic business status and opportunities.

It is also providing an in-depth analysis of company profiles, production, value, price, and supply chain.

Major changes were seen in the competitive landscape.

Segmentation on the basis of types, Applications & regions.

New business development analysis & industry challenges.

Additionally, the report highlights increasing demand analysis, market dynamics, growth opportunities, emerging technologies, and top country's market study. It is also containing an analysis of current & future growth predictions. CBD Oil Market which describes a systematic picture of the market and provides a detailed explanation of the various factors that are expected to drive market development. In addition, a comprehensive analysis and an in-depth study of the current state of the CBD Oil industry are explained.

Key Segmentation:

By Type (THC Dominant, CBD Dominant, Marijuana Based and Hemp Based), Product Type (Original and Blended)

By Product Category (Unflavoured and Flavoured)

By Application (Food and Beverages, Personal Care/Cosmetics, Pharma and Nutraceuticals and Industrial Application)

By Distribution Channel (Direct and Indirect)

Geographically, this research report is segmented into the following key regions with size, sales, share, revenue & industry growth rate forecast analysis by 2022-2029.

Middle East and Africa

Key Questions asked in this report are mentioned below:

What is the growth rate of the CBD Oil Market during this covid-19 pandemic?

What are the key strategies of the market players for business development?

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Which are the most important factor having to be considered for market growth expansion?

What is the economic status of the market in the latest industry development?

Which are the leading manufacture in CBD Oil Market?

Which factors are highly responsible for the market growth & development?

What are the types and applications of CBD Oil? What is the market share of each type and application?

What are the upstream raw materials and manufacturing equipment of CBD Oil? What is the manufacturing process of CBD Oil?

Economic impact on the CBD Oil industry and development trend of the CBD Oil industry.

Years considered for this report:

Historical Years: 2011-2029

Base Year: 2021

Estimated Year: 2022

CBD Oil Market Forecast Period: 2022-2029

Some Points from TOC:

Impact of Covid-19 Pandemic on the Global CBD Oil Market

Global CBD Oil Market, By Type

Global CBD Oil Market, By Product Type

Global CBD Oil Market, By Product Category

Global CBD Oil Market, By Application

Global CBD Oil Market, By Distribution Channel

Global CBD Oil Market, By Geography

Global CBD Oil Market, Company Landscape

For Detailed Table of Content Click below link (Including Full TOC, List of Tables & Figures, Graphs, and Chart) @ https://www.databridgemarketresearch.com/toc/?dbmr=global-cbd-oil-market

CBD Oil Extract Market Size, Share, Growth, Industry Trends and Forecast 2029:

An excellent CBD Oil Extract Market Research Report is a complete overview of the market that spans various aspects such as product definition, customary vendor landscape, and market segmentation based on various parameters such as type of product, its components, type of management and geography. The persuasive CBD Oil Extract market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The report has wide-ranging and comprehensive market insights which are based on business intelligence. The reliable CBD Oil Extract market report is generated based on the market type, size of the organization, availability on-premises, the end-users' organization type, and the availability in areas such as North America , South America , Europe , Asia-Pacific and Middle East & Africa .

CBD Oil Extract Market size is valued at USD 25.57 billion by 2029 and is expected grow at a compound annual growth rate of 21.0% in the forecast period of 2022 to 2029 due to the increasing preferences of oil and tinctures extracted from cannabis which is primarily driving the market growth rate.

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