PUBLISHER: TechNavio | PRODUCT CODE: 1456763
PUBLISHER: TechNavio | PRODUCT CODE: 1456763
The CBD oil market is forecasted to grow by USD 7057.14 mn during 2023-2028, accelerating at a CAGR of 28.26% during the forecast period. The report on the CBD oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing consumption of cannabis among millennial population in developed countries, integration of CBD into mainstream industries, and increasing number of new product launches.
Technavio's CBD oil market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 26.98% |
CAGR | 28.26% |
Incremental Value | $7057.14mn |
By Application
By Product
By Geographical Landscape
This study identifies the growing legalization of cannabis-based products as one of the prime reasons driving the CBD oil market growth during the next few years. Also, advent of advanced cultivation processes and growth in e-commerce industry will lead to sizable demand in the market.
The report on the CBD oil market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading CBD oil market vendors that include Amazon.com Inc., Aurora Cannabis Inc., BIOTA Biosciences LLC, Cantourage GmbH, CBD American Shaman LLC, CV Sciences Inc., Dr Reddys Laboratories Ltd., Elixinol, Endoca BV, Green Roads Inc., Happie Hemp Pvt. Ltd., Hemp Horizons Private Limited, HempStreet Medicare Private Limited, Isodiol International Inc., Kimar LLC, LOreal SA, Medical Marijuana Inc., NeoMen, PepsiCo Inc., The Cure Brand, AMP Medical LLC, Gaia Botanics, High Tide Inc., and USA Medical. Also, the CBD oil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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