Press release
CBD Oil Market to Reach a Valuation of $24.08 Billion by the End of 2027 at a CAGR of 20.6% - Polaris Market Research
CBD Oil (Cannabidiol Oil) Market
The global Cannabidiol Oil (CBD Oil) Market size is expected to reach USD 24.08 billion by 2027 according to a new study by Polaris Market Research. CBD is commonly used to relieve anxiety and it helps the insomnia patients in falling asleep and staying asleep. Certain CBD manufacturers have been scrutinized by the government who claim that CBD is a cure for cancer. Research about the balance of pros and cons of CBD is ongoing near every production and consumption cluster, and debates about their usage is being carried out in all of the regions wherever there are significant number of potential prospective consumers. Overall CBD has a large addressable market, of which a large part is untouched.
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some of the major players CBD oil Market:
Isodiol, Canopy Growth Corporation, Tilray, Medical Marijuana Inc., NuLeaf Naturals, CV Sciences, Aurora Cannabis, Green Roads, Folium Biosciences, GW Pharmaceuticals, Charlotte’s Web, CW Hemp, Endoca, Medterra, Elixinol and Gaia Herbs, LLC. are some of the key players operating in the global market. In June 2020, Perrigo Company plc, the U.S. based provider of self care products across the globe announced its entry in the Cannabidiol Oil Market through its strategic investment in Kazmira LLC, a Colorado based CBD products supplier. Perrigo acquired 20 per cent equity stake in Kazmira.
Polaris Market Research Market research has segmented the CBD Oil Market report on the basis of source, grade, form, application, and region
CBD Oil by Source Outlook (Revenue – USD Million, 2016 – 2027)
• Hemp Derived
• Marijuana Derived
CBD Oil by Grade Outlook (Revenue – USD Million, 2016 – 2027)
• Food
• Therapeutic
CBD Oil by Form Outlook (Revenue – USD Million, 2016 – 2027)
• Process Oil
• Distillate
• Isolate
CBD Oil by Application Outlook (Revenue – USD Million, 2016 – 2027)
• Food and Beverages
• Cosmetics and Personal Care
• Pharmaceuticals
• Others
CBD Oil by Regional Outlook (Revenue – USD Million, 2016 – 2027)
• North America (U.S., Canada)
• Europe (Germany, UK, France, Italy, Netherlands, Croatia, Poland, Czech Republic, Switzerland)
• Asia Pacific (China, India, Japan, South Korea, Australia, New Zealand)
• Latin America (Brazil, Argentina, Colombia, Mexico, Chile)
• MEA (South Africa, Israel)
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The Oxford University, one of the world’s foremost research institutions, announced to launch a US$ 12.36 million medical cannabis research program. The research in the U.S. will still have difficulties over reaching to the upmost standard because of the continuous classification of Cannabis as a schedule 1 drug. Though it allows institutes of foreign origin to initiate medical cannabis program and projects a scope of development to the markets where it is yet form its hold. Institutes follow a routine method in conducting research over the benefits and characteristic of CBD and marking the properties in use for medical conditions.
What to expect from this research study
o Premium insights on the market such as
o Porter's & PESTEL Analysis
o Value-Chain Analysis
o Company Market Share Analysis
o Drivers, Restraints & Challenges Analysis
o Market Trend Analysis
o Deep-dive insights on both global, regional and country level
o Analysis of the most recent key developments & strategic initiatives taken by the players operating in the market
o Future trends estimated keeping most recent base year, along with analysis of historical market data and impact of current market scenarios
o A holistic view of the market along with multi-level segmentation
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Inquire Now @ https://www.polarismarketresearch.com/industry-analysis/cbd-oil-market/speak-to-analyst
Contact Us:
Corporate Sales
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com/
About Us:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
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