CBD oil market

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CBD Oil Market Set to Exceed 3,095.3 Million
By 2026 CAGR 30.9

• CBD Oil Market Share, Size, Trends, Industry
  Analysis Report By Product (Hemp Based and
  Marijuana Based), By Application
  (Pharmaceuticals, Food Beverages, Cosmetics and
  Others) By Distribution Channel (Hospital
  Pharmacy, Retail Pharmacy, Online, Others) By
  Regions, Segments Forecast, 2019 2026

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CBD Oil Market Estimate Forecast to 2026
The global CBD Oil market size is expected to
reach USD 3,095.3 million at CAGR 30.9 by 2026
according to a new study by Polaris Market
Research.  Flexibility of CBD oil thus resulting
in a wide variety of applications, health
benefits such as ability to boost cognitive
abilities, anti-inflammatory properties, among
others, and information outburst through a
variety of platforms including social media are
benefitting the CBD oil market demand.
Development of novel products such as CBD oil
infused honey and aggressive marketing strategies
adopted to promote the same is also expected to
benefit the overall market growth.   In the past,
CBD related research was restricted to the
treatment of severe diseases such as cancer and
epilepsy and this put limitations on the usage in
other avenues such as cosmetics. However, with
multinationals taking interest in the product,
the research horizon widened and properties such
as anti-inflammatory were discovered which led to
the usage of the oil not just by health provider
brands but by wellness brands as well. This
widened usage coupled with the rising preference
for preventive healthcare has fueled CBD oil
market growth across the globe.
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CBD Oil Market Scope
By Product By Application By Distribution Channel By Region Report Attributes
Hempseed Based CBD Oil Marijuana Based CBD Oil Pharmaceuticals Food Cosmetics Others Hospital Pharmacy Retail Pharmacy Online Others North America Europe Asia Pacific Latin America Middle East Africa Historic year 2015-2017 Base year 2018 Forecast Year 2019-2026 Revenue (USD Billion)
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CBD Oil Market Estimate Forecast to 2026
North America emerged as the largest market for
CBD oil in 2018 and is expected to maintain its
dominance over the forecast period. Strong
presence of companies in the US, high awareness
regarding CBD oil usage, availability of a wide
variety of products as well as efficient
distribution channels leading to easy
availability are some of the factors benefitting
the regional market demand. Acquisition of
companies having good brand recall and brand
awareness by multinationals is a key market
scenario in the region. Access Research Report
On CBD Oil Market Size   The key players in the
market for CBD oil include ENDOCA, Isodiol,
Medical Marijuana, Cannoid., Canopy Growth
Corporation, Elixinol Group, Folium Biosciences,
Diamond CBD, NuLeaf Naturals, PharmaHemp, Aphria
Inc. and Gaia Botanicals among others.
Development of distribution channels, novel
product development and aggressive marketing
campaigning are some of the success factors in
the industry.
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CBD Oil Market Size By Application
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