What is Cherry Oil Market?
Cherry oil is the cannabis based smoking oil which is filtered through charcoal to remove the majority of chlorophyll from plant material. It results in clear, red-hued oil containing between 65-70% THC. Cherry oil is rich in vitamin A which is similar to sweet Almond. It gives a less fatty feel which is more useful for skin care. Also, it contains high amount of antioxidants, Oleic acid and natural emollient results in improvements to dry skin and refinement in large pores.
The market study is being classified by Type (Organic Type and Non-Organic Type) and major geographies with country level break-up.
Select Oil (United States), K.I.N.D. Concentrates (United States), Canopy Growth Corporation (Canada), Aphria (Canada) and Emblem Cannabis Oils (Canada) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Cherry Oil market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cherry Oil market by Type, Application and Region.
On the basis of geography, the market of Cherry Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Usage of Cherry Seed Oil for Aroma Therapy and Massage
- Increasing Usage in Food and Beverage
Market Trend
- Increasing Demand for Organic Cherry Seed Oil
Restraints
- High Costs Associated with Oil
Opportunities
- Rising Awareness About the Benefits of Cherry Seed Oil
Challenges
- Limited Availability of Raw Materials
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others