CBD Hemp Oil Market Status and Forecast 2017-2025

Cannabinoid (CBD) hemp oil is a natural botanical concentrate that is high in the compound cannabinoid. Cannabinoid is a non-psychoactive substance found in cannabis plant along with 85 other substances. It provides relaxation without intoxicating effects when compared to tetrahydrocannabinol (THC). CBD hemp oil is prepared using low concentrations of THC hemp as compared to medical marijuana which is prepared from plants with much higher concentrations of THC. Cannabinoid hemp oil is extracted using a special extraction process designed for high yielding concentration of cannabinoid hemp oil, containing nutritious material such as terpenes, vitamins, omega-3 fatty acids, amino acids, and others.

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Cannabinoid hemp oil products are used for medical use rather than recreational use. CBD hemp oil has various medical usages, and is being used by a number of people from all levels of society across the globe. The principal effect of cannabinoid is on receptors such as vanilloid, serotonin, and adenosine. CBD hemp oil has anti-inflammatory properties, hence it is used in the treatment of various medical conditions linked with pain management. CBD hemp activates adenosine receptor promoting the release of dopamine and glutamate neurotransmitters.

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Evidence has also shown that cannabinoid hemp oil helps reduce pain, insomnia, mood swings, and anxiety levels in individuals with addiction. It helps individuals to quit smoking, by reducing craving for nicotine. Studies have also shown that CBD hemp oil helps in reducing drug withdrawal symptoms among individuals who are addicted to the use of opioids. Increasing research on the effects of cannabinoid hemp oil is anticipated to pave the way for treatment of neurological disorders such as epilepsy, neurodegeneration, schizophrenia, and others. According to reports published by the British Journal of Clinical Pharmacology, cannabinoid helps in blocking cancer cells from spreading across the body and may help in cancer treatment. Due to the lack of FDA regulation for cannabinoid products, individuals should seek advice from a medical professional before using.

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Surge in demand due to anti-inflammatory properties, higher adoption rate of CBD oil in drug withdrawal, rise in awareness about the health benefits of cannabinoid hemp oil, advancements in cultivation process, and increase in influence of online retailing are anticipated to drive the global cannabinoid (CBD) hemp oil market during the forecast period. Stringent regulations, low awareness about CBD hemp oil in developing countries, and illegal selling of cannabinoid (CBD) hemp oil products online are anticipated to restrain the market during the forecast period.

The global cannabinoid (CBD) hemp oil market can be segmented based on product type, application, distribution channel, and region. In terms of product type, the global market can be categorized into liquids, tinctures, capsules, isolates, topical products, and others. Based on application, the global cannabinoid (CBD) hemp oil market can be classified into chronic pain management, epilepsy, sleeping disorders, glaucoma, dietary supplements, and others (schizophrenia, movement disorders linked to Huntington’s disease, etc.). In terms of distribution channel, the global market can be divided into drug stores, wellness & natural product stores, online stores, and medical marijuana dispensaries.

In terms of region, the global cannabinoid (CBD) hemp oil market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global market during the forecast period due to high demand, increasing popularity of online stores has provide manufacturers with opportunity to increase their profit margins and revenues. Europe is anticipated to hold the second largest market share, followed by Asia Pacific. The market in Middle East & Africa and Latin America is expected to be driven by increase in awareness and rise in demand.

Major manufacturers in the global cannabinoid (CBB) hemp oil market are Hempmeds, ENDOCA, Isodiol International, Inc., Irie CBD, Green Roads, HempLife Today, Medical Marijuana, Inc., and other prominent players.

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