Published: Sep, 2018
High prevalence of chronic diseases and infection worldwide are estimated to stimulate expansion of the global CBD hemp oil market over the period of review, from 2018 to 2026. In addition, a steep increase in the healthcare expenditure together with increased awareness about sleep disorders and depression are likely to open up avenues for expansion of the global CBD hemp oil market during the tenure of assessment, from 2018 to 2026. Gaia Botanicals, NuLeaf Naturals, ENDOCA, Elixinol Global Limited, Medical Marijuana Inc., and Canopy Growth Corporation are few of the prominent companies found in the global CBD hemp oil market.
Asia Pacific to Retain its Dominant Position over the Forecast Tenure, from 2018 to 2026
Considering regional segmentation, the global CBD hemp oil market is split into the principal regions of Latin America, Middle East and Africa, North America, Europe, and Asia Pacific. These geographical classifications are likely to offer detailed and deeper view of the market dynamics that are at play at regional levels.
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From the regional perspective, the CBD hemp oil market in Asia Pacific is likely to experience substantial gains due to increased per capita income of people and increased prevalence of chronic diseases in Asia Pacific. CBD hemp oil is extensively utilized in alleviating chronic pain; hence, the market is anticipated to attain substantial growth in the region.
In addition, it is anticipated that North America will hold a substantial chunk of the global CBD hemp oil market over the tenure of assessment, from 2018 to 2026. The growth of the market in the region is primarily driven by the topnotch healthcare infrastructure and rapid adoption of new ideas is likely to fuel the regional over the assessment tenure.
Unique Healing Properties to Stoke up its Demand in the Market in near Future
The global CBD hemp oil market is likely to be driven by a steep rise in the incidences of several infectious and chronic in times to come. There are several health-related benefits of CBD hemp oil. Many of these benefits are directly responsible for the diminishing occurrences of acnes, lessening stress and depression, symptoms of cancer, and alleviating pain. Easing the symptoms of sleep disorder and depression, especially amongst the young people is a major factor that is likely to spearhead growth of the global CBD hemp oil market in forthcoming years.
In addition to its excellent healing properties, augmented utilization of CBD hemp oil in many different forms like spray, tincture, and vape in both developing and developed countries alike are expected to open up several new avenues of growth for the global CBD hemp oil market. Furthermore, phenomenal penetration of several e-commerce platforms like Amazon, Ebay in different parts of the world is likely to push sales of this oil, which will further boost the global CBD hemp oil market during the tenure of forecast.
The information shared in this review is based on a TMR report, bearing the title, “CBD hemp oil market (Product - Hemp Based, Marijuana Based; Application - Sleeping Disorders and Depression, Multiple Sclerosis, Neurological Pain; Distribution Channel - Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026.”
The global CBD hemp oil market is segmented based on:
- Hemp Based
- Marijuana Based
- Sleeping Disorders and Depression
- Multiple Sclerosis
- Neurological Pain
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- North America
- Rest of Europe
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
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