Press release
Global CBD Hemp Oil Revenue Is Nearly 151.39 Million USD In 2017
Derived from the stalk and seed of cannabis (hemp) plants, cannabidiol (CBD) oil or CBD hemp oil is a natural botanical concentrate that is high in the compound CBD. Of the more than 85 cannabinoids so far identified in the cannabis plant, CBD is the second most common after tetrahydrocannabinol (THC). Unlike THC, CBD is non-psychotropic and therefore doesn’t cause a euphoric high.
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Global CBD Hemp Oil Market: Forecast by Type / Application / Region
Pure CBD hemp oil is extracted from the cannabis varieties that are naturally abundant in CBD, and low in THC. A specialized extraction process is used to yield highly concentrated CBD oil or pure cannabidiol that also contains other nutritious material such as omega-3 fatty acids, terpenes, vitamins, chlorophyll, amino acids, and other phytocannabinoids like cannabichromene (CBD), cannabigerol (CBG), cannabinol (CBN) and cannabidivarian (CBCV).
Pure hemp cannabidiol oil can be consumed directly as a nutritional supplement. Over the years, great advances in CBD hemp oil product development have led to what are now dozens of different types of CBD hemp oil products, including capsules, drops, and even chewing gum. Concentrated pure CBD hemp oil can also be infused into skin and body care products and used topically.
The major players in global CBD Hemp Oil market include: Kazmira, CW Hemp/CW Botanicals, Freedom Leaf, Green Roads, Medical Marijuana, Folium Biosciences, HempLife Today, Cannavest, Pharmahemp, ENDOCA, CBD American Shaman, NuLeaf Naturals.
On the basis of product, the CBD Hemp Oil market is primarily split into: Inorganic Source, Organic Source.
On the basis on the end users/applications, this report covers: Pharmaceuticals Industry, Food Industry, Cosmetics Industry.
There are many varietals of Cannabis sativa, all of which have different amounts of THC and CBD. Cannabis sativa varietals that have more than 0.3 percent THC are commonly referred to as marijuana. Hemp is any varietal of Cannabis sativa that contains less than 0.3 percent THC.
CBD hemp oil is mainly extracted from industrial hemp with less than 0.3 percent THC.
In the last few years, global market of CBD hemp oil developed rapidly, stimulated by the increasing demand from North America and Europe. In 2017, global revenue of CBD hemp oil is nearly 151.39 million USD; the actual sales volume is about 21783 KG.
Presently, the production of CBD hemp oil is mainly concentrated in Europe and North America. Many producer of CBD hemp oil in the industry have formed an integrated industry chain, from the industrial hemp to downstream industries. Most of them can provide various finished products of CBD hemp oil to customers directly.
Online sales are the most common marketing channel for CBD based products in Europe and North America.
Many medical benefits have been founded in the CBD hemp oil, which stimulated the demand. It is estimated that global market of CBD hemp oil will keep fast growth and will be worthy of 937.09 million USD in 2024, With the CAGR of 29.75% during the period of 2017 to 2024.
Besides, many companies stepped into the industry in the year 2013 or 2014. With more and more new entrants into the CBD hemp oil, the industry competition will be intensified in the coming years.
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Related Information:
United States CBD Hemp Oil Market 2018 Forecast to 2023
Europe CBD Hemp Oil Market 2018 Forecast to 2023
North America CBD Hemp Oil Market 2018 Forecast to 2023
Asia-Pacific CBD Hemp Oil Market 2018 Forecast to 2023
China CBD Hemp Oil Market 2018 Forecast to 2023
EMEA CBD Hemp Oil Market 2018 Forecast to 2023
Global CBD Hemp Oil Market 2018 Forecast to 2023
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