According to Data Bridge Market Research the market for CBD oil extract is accelerating because of the legalization of cannabis-based CBD products. Also the, high adoption of CBD-based products in various medical treatments as well as growing retail sector are also expected to fuel the demand of the CBD oil extract market over the forecast period of 2020 to 2027. Whereas, the high cost of products along with various legalization issues in various economies will obstruct the growth of the CBD oil extract market in the above mentioned forecast period.
Now the question is which are the other regions that CBD oil extract market is targeting? Data Bridge Market Research has estimated large growth in Asia-Pacific due to increasing usage of cannabis in pharmaceutical industry within the region.
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CBD oil extract market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
All country based analysis of CBD oil extract market is further analyzed based on maximum granularity into further segmentation. Based on source type, the CBD oil extract market is segmented into hemp, and marijuana. On the basis of distribution channel, the CBD oil extract market is segmented into B2B, and B2C. CBD oil extract market has also been segmented based on the end use into medical, personal use, pharmaceutical, and wellness.
CBD oil is prepared by extracting CBD from the cannabis plant, and then diluting it with a carrier oil like coconut or hemp seed oil. It is gaining thrust in the health and wellness world, along with some scientific studies confirming it may ease symptoms of ailments like chronic pain and anxiety.
Key Pointers Covered in the CBD Oil Extract Market Industry Trends and Forecast to 2027
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Cost of Care Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
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Key Market Competitors Covered in the Report
Canopy Growth Corporation
GW Pharmaceuticals plc
The Cronos Group
CBD American Shaman
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