CBD Oil Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2030

he global CBD oil market revenue is predicted to rise at a 24.3% CAGR between 2020 and 2025, from $1,735.1 million in 2019. This is being further supported by the promotion of the chemical as having numerous wellness advantages, by companies, which is helping increase the demand for it among the masses, primarily recreational users. Moreover, as cannabidiol has been claimed to treat depression, movement disorders, anxiety, and pain, its usage among people suffering from these issues is also rising.

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In the years to come, the popularity of tinctures of cannabidiol is predicted to mushroom rapidly, on account of these products being the most widely used for medical purposes. This is because tinctures can be taken sublingually (placed under the tongue), rather than via inhalation, which helps the capillaries absorb the cannabinoid instantly. Moreover, a lower dosage of tinctures is required compared to that of other forms of the chemical, which reduces the risk of the harmful effects related to overdose. Further, tinctures can be easily bought through e-commerce websites, pharmacies, and specialty and retail stores.

This market research report provides a comprehensive overview of the CBD oil market

* Historical and the present size of the CBD oil market

* Future potential of the market through its forecast for the period 2020– 2030

* Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms

* Recent trends and evolving opportunities for the market participants

* Historical and the present size of the market segments and understand their comparative future potential

North America has dominated the consumption of cannabidiol till now, on account of the early legalization of the chemical in the U.S. and Canada, which has drastically increased the sale. In addition, the availability of cannabidiol-containing drugs, including Epidiolex and Sativex, and successful marketing of the compound as a wellness and lifestyle-enhancing product are other reasons for the high demand for cannabiodiol in the continent. In the coming years, Asia-Pacific (APAC) is predicted to experience the fastest growth in the market, due to the rising requirement for the chemical in South Korea, Japan, and Australia.

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The CBD oil market report offers comprehensive market segmentation for the period 2018–2025.

Based on Product Type
*Cartridges
*Topicals
*Capsules
*Tinctures

Geographical Analysis

* North America
U.S.
Canada

* Europe
Belgium
Bulgaria
Czech Republic
Denmark
France
Germany
Netherlands
Poland
Ukraine
Romania
Russia
Spain
Switzerland
U.K.

* Asia-Pacific (APAC)
Australia
Japan
Malaysia
New Zealand
South Korea
Taiwan
Vietnam

* Rest of Word (RoW)
Argentina
Brazil
Chile
Colombia
Mexico
Turkey
Nigeria
South Africa

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This release was published on openPR.