CBD Hemp Oil Market is projected to reach US$ 760 million by 2023

Market-Research
CBD Hemp Oil Market

In this report, we covers the present scenario (with the base year being 2017) and the growth prospects of global CBD Hemp Oil market for 2018-2023.

 

Pure CBD hemp oil is extracted from the cannabis varieties that are naturally abundant in CBD, and low in THC. A specialized extraction process is used to yield highly concentrated CBD oil or pure cannabidiol that also contains other nutritious material such as omega-3 fatty acids, terpenes, vitamins, chlorophyll, amino acids, and other phytocannabinoids like cannabichromene (CBD), cannabigerol (CBG), cannabinol (CBN) and cannabidivarian (CBCV).

 

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Pure hemp cannabidiol oil can be consumed directly as a nutritional supplement. Over the years, great advances in CBD hemp oil product development have led to what are now dozens of different types of CBD hemp oil products, including capsules, drops, and even chewing gum. Concentrated pure CBD hemp oil can also be infused into skin and body care products and used topically.

Presently, the production of CBD hemp oil is mainly concentrated in Europe and North America. Many producer of CBD hemp oil in the industry have formed an integrated industry chain, from the industrial hemp to downstream industries. Most of them can provide various finished products of CBD hemp oil to customers directly.

 

Over the next five years, we projects that CBD Hemp Oil will register a 30.7% CAGR in terms of revenue, reach US$ 760 million by 2023, from US$ 150 million in 2017.

 

This report presents a comprehensive overview, market shares, and growth opportunities of CBD Hemp Oil market by product type, application, key manufacturers and key regions.

 

To calculate the market size, we considers value and volume generated from the sales of the following segments:

 

Segmentation by product type:

 

  • Inorganic Source
  • Organic Source

 

 

Segmentation by application:

 

  • Pharmaceuticals Industry
  • Food Industry
  • Cosmetics Industry

 

This report also splits the market by region:

 

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Spain
  • Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

 

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

 



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#CBD Hemp Oil Market

Submitted 6 years 8 months ago by 24 Press Release.
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