What is CBD Hemp Oil?
CBD oil and CBD hemp extracted oil both are referred to as “CBD Hemp Oil,” that is harvested by cold pressing hemp seeds or by extracting stalks from the hemp plant. This oil can have a nutty flavor, and it’s a clear green oil. Hempseed oil doesn’t contain any THC (tetrahydrocannabinol), because the hemp seeds themselves don’t contain cannabinoids. Refined CBD oil is primarily used in body care products. Industrial CBD oil is used in lubricants, paints, inks, fuel, and plastics. Hempseed oil has found some use in the production of soaps, shampoos, and detergents.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Medical Marijuana (United States), CBD American Shaman (United States), Freedom Leaf (United States), Charlotte’s WEB (United States), Cannavest (CV Sciences) (United States), NuLeaf Naturals (United States), Kazmira (United States), Endoca LLC (United States), Pharmahemp (Slovenia) and HempLife Today (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Inorganic Source and Organic Source) , by application (Pharmaceuticals Industry, Food Industry, Cosmetic Industry and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global CBD Hemp Oil market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this CBD Hemp Oil market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Medical Marijuana (United States), CBD American Shaman (United States), Freedom Leaf (United States), Charlotte’s WEB (United States), Cannavest (CV Sciences) (United States), NuLeaf Naturals (United States), Kazmira (United States), Endoca LLC (United States), Pharmahemp (Slovenia) and HempLife Today (United States).
On June 25, 2018, the U.S. Food and Drug Administration (FDA) has announced its first-ever approval of a Cannabis-derived pharmaceutical drug Epidiolex (cannabidiol or CBD) which was approved for the treatment of two rare and severe seizure disorders, Lennox–Gastaut syndrome and Dravet syndrome. Availability of Epidiolex is pending Drug Enforcement Administration (DEA) scheduling of CBD, which is expected before September 23, 2018. This historic decision may have important consequences for multiple constituencies, including patients, consumers of over-the-counter (OTC) CBD products, healthcare providers, clinical researchers, industry stakeholders, and governmental agencies, including law enforcement.
Influencing Trend:
Increasing Legalization and Permissions across the Globe CBD and CBD Products and Adoption of CBD Hemp Oil in Pharmaceutical Products
Market Growth Drivers:
Can Relieve Pain without Minimal Side Effects and Growing demand for the Treatment of Anxiety and Depression
Challenges:
Illegality Issues in Number of Countries and Lack of Awareness about the CBD Hemp Oil across the Global Population
Restraints:
Availability of Number of Substitutes to CBD Hemp Oil and Growing Instances of Diarrhea, Changes in appetite, and Fatigue by CBD Consumption
Opportunities:
Growing Demand from Underdeveloped Countries where the Hemp Oil is banned and Can be used as an Anti-Cancer Treatment will generate Vigorous Demand
Key highlights of the Global CBD Hemp Oil market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the CBD Hemp Oil market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global CBD Hemp Oil market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of CBD Hemp Oil Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global CBD Hemp Oil market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in CBD Hemp Oil market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes CBD Hemp Oil Manufacturers, CBD Hemp Oil Distributors and Traders, Hemp Oil Producers, Hemp and Hemp Product Manufacturers, Government Agencies, Private Industry Associations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.