Press release
Impact of Covid-19 on Hemp-Derived CBD Oil market 2020 [ PDF ] with CAGR of the End 2026 | FOLIUM BIOSCIENCES, Tilray, CHARLOTTE’S WEB, etc.
Hemp-Derived CBD Oil market
The global hemp-derived CBD oil market was valued at USD 873.20 million in 2019 and is predicted to grow at a CAGR of twenty-two .3% during the forecast period, 2020–2026. CBD (cannabinoid) is extracted from cannabis hemp plant leaves, flowers, and stems using two extraction methods, i.e., by removing the CBD and turning it into an isolate and using full-spectrum CBD. Similarly, Ulta Beauty is getting to offer an exclusive range of CBD based products. In addition to the present , several new companies are entering the CBD infused beauty products market.
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Business Prominent Players Detail:
FOLIUM BIOSCIENCES, Tilray, CHARLOTTE’S WEB, Bluebird Botanicals, CBD American Shaman, Aurora Cannabis, Medix CBD ConnOils, Kazmira, CBDistillery, & more...
Hemp-Derived CBD Oil: Segmentation-
By Source- Inorganic, Organic,
By Applications- Pharmaceutical & Personal Care, Food & Beverages, Others,
By Distribution Channel- Retail pharmacies, Online pharmacies, Others
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By Regional Analysis:
North America
Europe
Asia-Pacific
Central, South America, and the Caribbean
The Middle East and Africa
Full Report Link @ https://straitsresearch.com/report/hemp-derived-cbd-oil-market/global/
Benefits of Organic CBD Oil:
With the increasing awareness about cannabis and its benefits, consumers around the world are shifting their focus toward organic cannabis-based oils. In line with the growing demand, pharmaceutical companies are increasing the use of organic CBD oil in the manufacturing process. For instance, Colorado Cultivars uses organic and regenerative farming practices to provide the highest quality industrial and medicinal hemp ingredients to its customers. Similarly, Avida offers a full-spectrum organic oil tincture.
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