CBD Oil Market

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CBD Oil Market Size and Demand to 2032
Global CBD Oil market size was USD 9.37 billion
in 2023 and the market is projected to touch USD
36.04 billion by 2032, at a CAGR of 16.15 during
the forecast period.
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Report Description
CBD oil is extracted from hemp or marijuana
plants and is renowned for its potential health
benefits, including pain relief, anxiety
reduction, and anti-inflammatory properties. The
market includes various products infused with CBD
oil, such as tinctures, capsules, creams, and
edibles, catering to a diverse consumer base
seeking natural remedies. With increasing
awareness about the therapeutic effects of CBD
and growing legalization of cannabis in many
regions, the market has witnessed exponential
growth in recent years.
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Major Key Players

• Some of the major players operating in this
  market are
• Charlotte's Web Holdings, Inc.
• Medterra CBD
• Green Roads
• Bluebird Botanicals
• Canopy Growth Corporation
• Elixinol
• CBDistillery
• Cannabidiol Life

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Market Segmentation

• By Category (Unflavoured and Flavored)
• By Application (Food and Beverages, Personal
  Care/Cosmetics, Pharma and Nutraceuticals and
  Industrial Application)

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Regional Analysis

• Based on geography, the market is segmented into
  five geographical regions
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East
• Africa

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