Market Overview

Global CBD Oil Market 2018-2022 to Post a CAGR of 31% | Technavio


analysts forecast the global CBD oil market to grow at a CAGR of over
31% during the forecast period, according to their latest market
research report.

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Technavio has published a new market research report on the global Cannabidiol oil market from 2018- ...

Technavio has published a new market research report on the global Cannabidiol oil market from 2018-2022. (Graphic: Business Wire)

The growing legalization of cannabis-based products is one of the major
trends being witnessed in the global
CBD oil market 2018-2022
. Legalization of marijuana has emerged
as a rising trend, which is influencing many nations to decriminalize
cannabis and legalize the use of marijuana for recreational and
medicinal purposes. Therefore, the prospects for the global CBD oil
market look bright as many countries worldwide have begun accepting
cannabis-based products and the demand for these products is increasing
at a rapid pace.

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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global CBD oil market is the expanding millennial
population worldwide:

Global CBD oil market: expanding millennial
population worldwide

Millennials comprise the key demographic cohort among whom the medicinal
use of CBD oil is quite popular. Also, the millennials are relatively
more open to new experiences than the older generations, and therefore,
are more likely to try out legal cannabis products like CBD oil. Thus,
the rising millennial population around the globe is an encouraging sign
for the global CBD oil market as they form the largest demographic group
that consumes CBD oil-based products.

According to a senior analyst at Technavio for research on food,
"Factors such as growing E-commerce, along with the growing population
of millennials is boosting the growth of the overall CBD oil industry.
Studies show that E-commerce accounted for nearly 12% of the global
retail trade in 2016."

Global CBD oil market: Segmentation analysis

The global CBD oil market research report provides market segmentation
by product (marijuana-derived CBD oil and hemp-derived CBD oil), and by
region (the Americas, EMEA, and APAC). It provides an in-depth analysis
of the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting
for close to 78% share, followed by the EMEA and APAC respectively. One
of the key factors contributing to the increased sales of CBD oil in all
these regions is a rise in the demand for CBD oil products due to
growing awareness of their health benefits.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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