Straits Research Latest 2020 Report, titled ‘Global Hemp-Derived CBD Oil Market,’ was valued at USD 873.20 million in 2019 and is expected to grow at a CAGR of 22.3% during the forecast period, 2020–2026.
Hemp-Derived CBD Oil Market is used in a range of applications, especially in the medical sector for pain relief and treating arthritis, joint pain, neuropathic conditions, skin conditions, and other medical conditions. Apart from this, it is used in personal care, supplements, textile, and other industries. On a large scale, Hemp is grown in Europe, China, and Canada. In the U.S., it was cultivated across 78,000 acres in 2018 up from 25,713 acres in 2017.
Get a Sample Copy of this report with the latest Industry trends and COVID-19 Impact: https://straitsresearch.com/report/Hemp-Derived CBD Oil-Market/request-sample
The Major Players Covered in this Report: Competitive Landscape- 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
Years that have been considered for the study of this report are as follows:
- History Year: 2015-2019
- Base Year: 2019
- Estimated Year: 2019
- Forecast Year: 2020 to 2026
Buy Full Report with Detail Analysis with COVID-19 Impact – https://straitsresearch.com/buy-now/hemp-derived-cbd-oil-market/
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Hemp-Derived CBD Oil in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Hemp-Derived CBD Oil market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Hemp-Derived CBD Oil and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Hemp-Derived CBD Oil. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
Full Report Link @ https://straitsresearch.com/report/Hemp-Derived CBD Oil-Market
Top Five States Cultivating Hemp:
- Montana: Over 22,000 acres
- Colorado: Over 21,578 acres
- Oregon: Over 7,808 acres
- Kentucky: Over 6,700 acres
- Tennessee: Over 3,338 acre
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.
Would you like to discuss Hemp-Derived CBD Oil Market challenges with the experts at Straits Research?
Company Name: Straitsresearch
Contact Person: Riya
Email: Send Email
Address:825 3rd Avenue New York, NY, USA, 10022
City: New York
State: United States
Country: United States