North America Cannabidiol (CBD) Oil report suggests that North America Cannabidiol (CBD) Oil industry is anticipated to witness higher growth during the forecast period due to growing demand at the end user level. This report is the best overview about global industry perspective, comprehensive analysis, size, share, growth, segment, trends and forecast. The research study and research data covered in this report makes this document a handy resource for managers, analysts, researchers, industry experts, and other key people get ready-to-access and self-analyzed study. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market.
An international North America Cannabidiol (CBD) Oil report is prepared using data sourced from in-house databases, secondary and primary research performed by a team of industry experts. This market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Thorough insights into emerging trends, opportunities and potential threats are offered via this report as it is the key to long-term sustenance in a competitive environment. North America Cannabidiol (CBD) Oil market research report provides resourceful, efficient, fact-based and penetrating insights from the customers.
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Cannabidiol (CBD) oil is effective in the treatment of chronic pain. It is also effective against inflammation, anxiety, and insomnia. It aids in the improvement of an individual's physiological and cognitive functions, as well as the regulation of mood, pain, and memory. CBD is one of 113 cannabinoids found in cannabis plants, accounting for up to 40% of the plant's extract.
Data Bridge Market Research analyses that the cannabidiol (CBD) oil market which was growing at a value of 3.63 billion in 2021 and is expected to reach the value of USD 50.88 billion by 2029, at a CAGR of 39.1% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Market Definition
Cannabidiol is a chemical compound found in the cannabis sativa plant that is extracted from hemp or cannabis, with hemp being the preferred source due to its naturally high cannabidiol (CBD) content. Because of its medically proven beneficial properties, cannabidiol (CBD) is used in a wide range of applications. Cannabidiol (CBD) is marijuana's second most common active ingredient. Cannabidiol is an active chemical constituent of cannabis that can be used to manufacture various personal care and cosmetic products.
North America Cannabidiol (CBD) Oil Market Scope
The cannabidiol (CBD) oil market is segmented on the basis of type, product type, product category, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- THC Dominant
- CBD Dominant
- Marijuana Based
- Hemp Based
Product type
- Original
- Blended
Product Category
- Flavoured
- Non-Flavoured
Application
- Food and Beverages
- Personal Care/Cosmetics
- Pharma and Nutraceuticals
- Industrial Application
Distribution Channel
- Direct
Indirect
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Competitive Landscape and Cannabidiol (CBD) Oil Market Share Analysis
The cannabidiol (CBD) oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cannabidiol (CBD) oil market.
Some of the major players operating in the cannabidiol (CBD) oil market are:
- Canopy Growth Corporation (Canada)
- The Cronos Group (Canada)
- Tilray. (U.S.)
- Hexo (Canada)
- CannTrust (Canada)
- Aurora Cannabis Inc. (Canada)
- GW Pharmaceuticals plc. (U.K.)
- VIVO Cannabis Inc. (Canada)
- Alkaline88, LLC. (U.S.)
- NewAge Inc. (U.S.)
- Cannara. (Canada)
- Dixie Brands (U.S.)
- KANNAWAY LLC. (U.S.)
- The Supreme Cannabis Company, Inc (Canada)
- CANNABIS Aphria (Canada)
- CURA CS, LLC. (U.S.)
- KAZMIRA (U.S.)
- Curaleaf (U.S.)
- CannazALL (U.S.)
Cannabidiol (CBD) Oil Market Regional Analysis/Insights
The cannabidiol (CBD) oil market is analyzed and market size insights and trends are provided by country, type, product type, product category, application and distribution channel as referenced above.
The countries covered in the cannabidiol (CBD) oil market report are U.S., Canada and Mexico.
In North America, the United States dominates the market due to rising awareness about the health benefits of CBD oil and the region's growing trend of CBD-infused foods and beverages, which is increasing demand for CBD oil.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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