CBD Hemp Oil Market 2021: Detailed analysis and growth trends post COVID-19 outbreak

September 06, 2021

Sept 6^th,2021/IndustryNewsGlobal/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the CBD Hemp Oil Market.

CBD Hemp Oil Market  is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over 28.2% during the forecast period. This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Segment Analysis

Distribution Channel Trends

By distribution channel, the CBD hemp oil market has been segmented into hospital pharmacies, retail pharmacies, and online pharmacies.

• Under these, the hospital pharmacies segment held the highest market share in 2020 and is likely to register a significant CAGR in the coming years.
• This is mainly attributed to the growing number of hospital pharmacies in the emerging countries and an increasing number of incidences such as sclerosis, cancer, diabetes, and others around the globe, thus promulgates the segment growth.

Regional Trends

By region, the North America market garnered the largest market share in 2020 and is projected to grow at a healthy CAGR during the assessment period.

• This is mainly attributed to legalization of marijuana in both US and Canada coupled with increasing awareness of the benefits of CBD Hemp oil.
• Moreover, the strong presence of companies in the region as well as the availability of a wide range of products, further augments the regional growth.

Key Players:           

• Aurora Cannabis (Canada),
• Folium Biosciences (The U.S),
• ENDOCA (Denmark),
• Gaia Herbs (The U.S),
• Medical Marijuana (The U.S),
• Elixinol (Australia),
• Canopy Growth Corporation (Canada),
• CBD American Shaman (The U.S),
• Aphria Inc. (Canada),
• NuLeaf Naturals (The U.S), and
• Isodiol (Canada).

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The CBD Hemp Oil Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

About Stratview Research

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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Author : Emily