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CBD Oil Market By Type (Hemp-derived, Marijuana-derived), By Application (Food & Beverage Industry, Medical & Pharmaceutical Industry, Cosmetics Industry, Others), By Distribution Channel (Retail Stores, Pharmacies, Online, Others (Supermarket & Hypermarkets, etc.)) – Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

Name: CBD Oil Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2020-03-06
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: CBD Oil Market

Summary
Table Of Content
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Trends for CBD beauty and edibles are expected to drive the market.

The CBD oil market is expected to grow at a CAGR of 32.5% during the forecast period from 2019 to 2027, starting from US$ 534.4 Mn in 2018.

CBD oil-based products are gaining popularity, and consumers nowadays are becoming more inclined toward using CBD oil-based products for treating a number of health problems, such as insomnia, chronic pain, and anxiety, among others. Moreover, the younger generation is more interested in trying new and buzzy trends, and CBD beauty is one of that trends. Accordingly, CBD beauty has the potential for larger growth. As per the research studies, it is estimated that the CBD beauty industry will reach about US$ 25 billion by 2030. Moreover, CBD skincare will account for about 15% of the total skincare industry by 2030. In addition, it is estimated that about 67% of gen z and 62% of the millennial population is interested in CBD makeup.

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On account of emerging consumer interest in CBD-based products, manufacturers are developing new and innovative CBD-based products in the market. For instance, in February 2020, Vita Hemp Oil, a Colorado-based company that manufactured CBD oil, launched a new product. The CBD Gummies are 100% natural and a great source of vitamin C and aim to increase immunity. Moreover, the gums also help to reduce stress and anxiety. Furthermore, in December 2019, Canopy Growth Corporation USA, LLC launched a new product line. The First & Free is a hemp-derived CBD product line that includes oil drops, soft gels, and creams. Thereby increasing the demand for CBD oil.

Market Synopsis

Application Analysis

Introduction of Farm Bill by the U.S. Government drives the market growth.

The medical & pharmaceuticals segment dominated the CBD oil market in 2018 and is expected to continue its dominance during the forecast period. Due resurge in patients’ interest in using CBD for treating a variety of conditions such as cancer pain, depression, chronic pain, and neurological disorders drive the market growth. Moreover, research and development by various government organizations of CBD in medical fields also support market growth. For example, the National Institute on Drug Abuse (NIDA) is an agency that researches cannabis-based products. Moreover, in 2017, the National Institute of Health (NIH) reinforced around 300 projects on the research and development of cannabinoids and spent around US$ 140 million. Additionally, in 2018, the first CBD-based drug, Epidiolex, was authorized by the U.S. Food and Drug Administration. Since then, the demand for CBD-based medicine has been increasing, supporting market growth.

Regional Analysis

Rising number of research and development of CBD in medical treatments drive the market.

North America dominated the CBD oil market in 2018 and is expected to continue its dominance during the forecast period. This is because consumers in the North American region are more inclined toward using plant-based products. Thereby increasing the demand for CBD oil in the region. Furthermore, the Farm Bill law, designed in December 2018, that removed cannabis plants and their derivative containing not more than 0.3% THC from the Controlled Substance Act increases the demand for CBD oil in the region.

Asia Pacific is projected to grow at a considerable rate during the forecast period.

Asia Pacific is expected to grow at a noticeable rate during the forecast period due to various funding-based research projects on treatments, including CBD. For instance, Singapore, the world’s most stringent drug law country, is funding research on various medical treatments containing synthetically-derived compounds of the marijuana plant. Thereby, it is one of the key factors supporting the growth of the market.

List of Companies Covered:

Canopy Growth Corporation
CBD American Shaman
NuLeaf Natural, LLC
Medical Marijuana Inc.
CV Sciences, Inc.
Elixinol Global Limited
Endoca
Isodiol International Inc.
Gaia Botanicals, LLC.
Folium Biosciences
Irie CBD
PharmaHepm
Aurora Cannabis Inc.
Pure CBD Factory

Key Industry Developments:

In January 2020, Avon launched a new facial oil infused with CBD. The new Green Goddess Facial Oil is extracted from hemp and contains vitamins A, D, and E. The oil helps to relieve skin irritation and reduces redness. The Goddess Facial Oil is produced from 99% natural ingredients and is suitable for sensitive skin.
In January 2020, Super Natural Botanicals launched a new product line of CBD products in its portfolio. The company offers a new CBD product line through its e-commerce platform. The new CBD product line includes various products such as drops, oil, creams, and vape juice.
In February 2020, Colgate Palmolive entered into a hemp and CBD-based products by acquiring Hello Products LLC. Colgate announced acquiring Hello Products LLC and launched a new collection of CBD oral care products. Hello Products LLC recently launched various CBD-based products, such as Lip balms and CBD mouthwash.

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Historical & Forecast Period

This study report represents an analysis of each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.Segmentation

By Type (2017–2027; US$ Mn)

Hemp-derived
Marijuana-derived

Application (2017–2027; US$ Mn)

Food & Beverage Industry
Medical & Pharmaceutical Industry
Cosmetics Industry
Others

Distribution Channel (2017–2027; US$ Mn)

Retail Stores
Pharmacies
Online
Others (Supermarket & Hypermarkets, etc.)

Geography Segment (2017–2027; US$ Mn)

North America
- U.S.
- Canada
Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall CBD oil market. In addition, the global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global CBD Oil (CO) Market
2.2. Global CO Market, by Type, 2018 (US$ Mn)
2.3. Global CO Market, by Application, 2018 (US$ Mn)
2.4. Global CO Market, by Distribution Channel, 2018 (US$ Mn)
2.5. Global CO Market, by Geography, 2018 (US$ Mn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global CO Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global CBD Oil (CO) Market, by Type, 2017-2027 (US$ Mn)
4.1. Overview
4.2. Hemp-Derived
4.3. Marijuana-Derived

5. Global CBD Oil (CO) Market, By Application, 2017-2027 (US$ Mn)
5.1. Overview
5.2. Food & Beverage Industry
5.3. Medical & Pharmaceutical Industry
5.4. Cosmetic Industry
5.5. Others

6. Global CBD Oil (CO) Market, by Distribution Channel, 2017-2027 (US$ Mn)
6.1. Overview
6.2. Retail Stores
6.3. Pharmacies
6.4. Online
6.5. Others (Supermarkets & Hypermarkets, etc.)

7. North America CBD Oil (CO) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America CO Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America CO Market Value, By Type, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. North America CO Market Value, By Application, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. North America CO Market Value, By Distribution Channel, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.5. North America CO Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe CBD Oil (CO) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Europe CO Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Europe CO Market Value, By Type, 2017-2027 (US$ Mn
8.2.1. Market Analysis
8.3. Europe CO Market Value, By Application, 2017-2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Europe CO Market Value, By Distribution Channel, 2017-2027 (US$ Mn)
8.4.1. Market Analysis
8.5. Europe CO Market Value, By Region/Country, 2017-2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific CBD Oil (CO) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific CO Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Asia Pacific CO Market Value, By Type, 2017-2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Asia Pacific CO Market Value, By Application, 2017-2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Asia Pacific CO Market Value, By Distribution Channel, 2017-2027 (US$ Mn)
9.4.1. Market Analysis
9.5. Asia Pacific CO Market Value, By Region/Country, 2017-2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World CBD Oil (CO) Market Analysis, 2017-2027 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World CO Market Value and Growth, 2017-2027, (US$ Mn)
10.2. Rest of the World CO Market Value, By Type, 2017-2027 (US$ Mn)
10.2.1. Market Analysis
10.3. Rest of the World CO Market Value, By Application, 2017-2027 (US$ Mn)
10.3.1. Market Analysis
10.4. Rest of World CO Market Value, By Distribution Channel, 2017-2027 (US$ Mn)
10.4.1. Market Analysis
10.5. Rest of the World CO Market Value, By Region, 2017-2027 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. Canopy Growth Corporation
11.2. CBD American Shaman
11.3. NuLeaf Natural, LLC
11.4. Medical Marijuana Inc.
11.5. CV Sciences, Inc.
11.6. Elixinol Global Limited
11.7. Endoca
11.8. Isodiol International Inc.
11.9. Gaia Botanicals, LLC
11.10. Folium Biosciences
11.11. Irie CBD
11.12. PharmaHemp
11.13. Pure CBD Factory
11.14. Aurora Cannabis Inc.

List of Figures

FIG. 1 Global CBD Oil (CO) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global CO Market Segmentation
FIG. 4 Global CO Market, by Type, 2018 (US$ Mn)
FIG. 5 Global CO Market, by Application, 2018 (US$ Mn)
FIG. 6 Global CO Market, by Distribution Channel, 2018 (US$ Mn)
FIG. 7 Global CO Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key CO Market Manufacturers, 2018
FIG. 10 Global CO Market Value Contribution, By Type, 2018 & 2027 (Value %)
FIG. 11 Global CO Market, by Hemp-Derives, Value, 2017–2027 (US$ Mn)
FIG. 12 Global CO Market, by Marijuana-Derived, 2017–2027 (US$ Mn)
FIG. 13 Global CO Market Value Contribution, By Application, 2018 & 2027 (Value %)
FIG. 14 Global CO Market, by Food & Beverage Industry, Value, 2017–2027 (US$ Mn)
FIG. 15 Global CO Market, by Medical & Pharmaceuticals Industry, Value, 2017–2027 (US$ Mn)
FIG. 16 Global CO Market, by Cosmetics Industry, Value, 2017–2027 (US$ Mn)
FIG. 17 Global CO Market, by Others, Value, 2017–2027 (US$ Mn)
FIG. 18 Global CO Market Value Contribution, By Distribution Channel, 2018 & 2027 (Value %)
FIG. 19 Global CO Market, by Retail Stores, Value, 2017–2027 (US$ Mn)
FIG. 20 Global CO Market, by Pharamcies, Value, 2017–2027 (US$ Mn)
FIG. 21 Global CO Market, by Online, Value, 2017–2027 (US$ Mn)
FIG. 22 Global CO Market, by Others, Value, 2017–2027 (US$ Mn
FIG. 23 U.S. CO Market, 2017–2027 (US$ Mn)
FIG. 24 Rest of North America CO Market, 2017–2027 (US$ Mn)
FIG. 25 U.K. CO Market, 2017–2027 (US$ Mn)
FIG. 26 Germany CO Market, 2017–2027 (US$ Mn)
FIG. 27 France CO Market, 2017–2027 (US$ Mn)
FIG. 28 Rest of Europe CO Market, 2017–2027 (US$ Mn)
FIG. 29 Japan CO Market, 2017–2027 (US$ Mn)
FIG. 30 China CO Market, 2017–2027 (US$ Mn)
FIG. 31 India CO Market, 2017–2027 (US$ Mn)
FIG. 32 Rest of Asia Pacific CO Market, 2017–2027 (US$ Mn)
FIG. 33 Middle East & Africa CO Market, 2017–2027 (US$ Mn)
FIG. 34 Latin America CO Market, 2017–2027 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global CBD Oil (CO) Market
TABLE 2 Global CO Market, by Type, 2017–2027 (US$ Mn)
TABLE 3 Global CO Market, by Application, 2017–2027 (US$ Mn)
TABLE 4 Global CO Market, by Distribution Channel, 2017–2027 (US$ Mn)
TABLE 5 Global CO Market, by Geography, 2017–2027 (US$ Mn)
TABLE 6 North America CO Market, by Type, 2017–2027 (US$ Mn)
TABLE 7 North America CO Market, by Application, 2017–2027 (US$ Mn)
TABLE 8 North America CO Market, by Distribution Channel, 2017–2027 (US$ Mn)
TABLE 9 North America CO Market, by Country, 2017–2027 (US$ Mn)
TABLE 10 Europe CO Market, by Type, 2017–2027 (US$ Mn)
TABLE 11 Europe CO Market, by Application, 2017–2027 (US$ Mn)
TABLE 12 Europe CO Market, by Distribution Channel, 2017–2027 (US$ Mn)
TABLE 13 Europe CO Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 14 Asia Pacific CO Market, by Type, 2017–2027 (US$ Mn)
TABLE 15 Asia Pacific CO Market, by Application, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific CO Market, by Distribution Channel, 2017–2027 (US$ Mn)
TABLE 17 Asia Pacific CO Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 18 RoW CO Market, by Type, 2017–2027 (US$ Mn)
TABLE 19 RoW CO Market, by Application, 2017–2027 (US$ Mn)
TABLE 20 RoW CO Market, by Distribution Channel, 2017–2027 (US$ Mn)
TABLE 21 RoW CO Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 22 Canopy Growth Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 CBD American Shaman: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 NuLeaf Natural, LLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Medical Marijuana Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 CV Sciences, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Elixinol Global Limited: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 28 Endoca: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 29 Isodiol International Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 30 Gaia Botanicals, LLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31 Folium Biosciences: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32 Irie CBD: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33 PharmaHemp: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34 Pure CBD Facto.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35 Aurora Cannabis Inc: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

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Frequently Asked Question

What is the size of CBD Oil Market?

The market for CBD Oil Market is expected to reach USD$ XX Mn in 2027.

What is the CBD Oil Market CAGR?

The CBD Oil Market is expected to see significant CAGR growth over the coming years, at 32.5%.

What is the Forecast period considered for CBD Oil Market?

The report is forecasted from 2019 -2027.

What is the base year considered for CBD Oil Market?

The base year of this report is 2018.

Who are the major players in this market?

Canopy Growth Corporation,CBD American Shaman,NuLeaf Natural, LLC,Medical Marijuana Inc.,CV Sciences, Inc.,Elixinol Global Limited,Endocae. are some of the major players in the global market.

About Author

Shweta Bisht

Healthcare & Biotech Analyst

Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.

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