CBD Hemp Oil Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product (Marijuana-Based, Hemp Based), Application and Geography

Market Snapshot

 CBD Hemp Oil Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: <32 %
 CBD Hemp Oil Market Key Players

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Market Overview

CBD hemp oil market is projected to grow at a significant rate owing to the increase in need of plant-based pain relief medication and prevalence of mood-related neurological disorders in the future. In addition, the high prevalence of chronic diseases such as diabetes and cancer are fuelling the market growth. Moreover, research and development in plant-based medications have been leading to the substantial impetus to the growth of CBD hemp oil market.

In the year of 2017 alone, the National Institute of Health has supported 330 projects totalling about 140 million on cannabinoid research. Furthermore, the rise in penetration of hemp oil in e-commerce websites and advancements in technologies expected to bolster the market growth in the near future. However, restriction in the use of CBD in few countries and stringent regulatory infrastructure expected to hamper the market growth over the forecast period.

Scope of the Report

CBD is one of the many cannabinoids found in the cannabis plants. This has been a traditional remedy for many years. CBD hemp oil is obtained from the plants by crushing the seeds or plants.

By Product
Marijuana Based
Hemp Based
By Application
Multiple Sclerosis
Depression and Sleep Disorders
Neurological Pain
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Increase in demand for plant based non-opioid medicine is believed to propel the growth of CBD hemp oil segment

  • Plant based medicine has witnessed significant growth over the past years. In addition, the need for minimally processed and chemical-free medicine has opened a lucrative opportunity for growth of the market studied.
  • CBD hemp oil, unlike other psychological drugs, does not affect the state of mind of a person, in addition, provides the therapeutic benefits like stress relief.
  • Increasing incidence of depression among the population is projected to positively impact the market growth.
  • The rise in acceptance of CBD hemp oil in treating diseases and legalization of cannabinoid plant related products in many countries is expected to boost the hemp based CBD hemp oil market.
  • Furthermore, preference towards the preventive healthcare and wide range of applications of CBD hemp oil are strengthening the market for CBD hemp oil.
 CBD Hemp Oil Market Key Trends

North America Emerges as the Largest Market for CBD Hemp Oil

Due to the factors such as legalization of marijuana in many countries of the United States and rising awareness of the benefits of CBD Hemp oil, North America is expected to witness the largest share. Furthermore, the strong presence of companies in the United States and the availability of a wide range of products are benefiting the market demand in the region. Asia Pacific is expected to be the fastest-growing market for CBD hemp oil owing to the set up of new hemp manufacturing plants, mainly in China. China is one of the largest producers of hemp-related products and exports the majority of the products around the world. Furthermore, the focus of the companies on emerging countries and legalization of medical use of these products are projected to boost the market growth in the Asia Pacific region.

 CBD Hemp Oil Market Growth By Region

Competitive Landscape

The CBD Hemp Oil Market is highly fragmented and is witnessing the presence of local and international players operating in the market. The key market players include Aurora Cannabis, CV Science Inc., ENDOCA, Gaia Herbs, and ISODL. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Incidence of Psychological Disorders

      2. 4.2.2 Rise in Acceptance of Hemp Oil Based Products

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Policies

      2. 4.3.2 Side Effects and Perception of People on Use of CBD Hemp Oil

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Marijuana Based

      2. 5.1.2 Hemp Based

    2. 5.2 By Application

      1. 5.2.1 Multiple Sclerosis

      2. 5.2.2 Depression and Sleep Disorders

      3. 5.2.3 Neurological Pain

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Aurora Cannabis

      2. 6.1.2 CV Sciences Inc.

      3. 6.1.3 ENDOCA

      4. 6.1.4 Gaia Herbs

      5. 6.1.5 ISODIOL

      6. 6.1.6 IRIE CBD

      7. 6.1.7 Elixinol

      8. 6.1.8 CBD American Shaman

      9. 6.1.9 Canopy Growth Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The CBD Hemp Oil Market market is studied from 2018 - 2026.

The CBD Hemp Oil Market is growing at a CAGR of <32% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Aurora Cannabis, CV Sciences Inc., ENDOCA, Gaia Herbs, ISODIOL are the major companies operating in CBD Hemp Oil Market.

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