Forecast: $1.18 Billion Cannabinoid Hemp Oil (CBD)

Social acceptance of cannabis products globally is one of the factors largely attributing to the growth of cannabinoid hemp oil market globally

The global cannabinoid hemp oil market is expected to grow from USD 176.15 million 2017 to USD 1,182.65 million by the end of 2024, at a Compound Annual Growth Rate (CAGR) of 31.26%.

A new report on the global cannabinoid hemp oil market identifies key attributes about the customer to define the potential market and identify different needs across the industry.

According to the report, one driver influencing this market is the expanding millennial population worldwide. According to the US Bureau report, the US has emerged as one of the largest market in the world.

Understanding the economies and geographies of the potential customer group can help to gain business acumen for better strategic decision making.

Based on Form, the cannabinoid hemp oil is studied across Concentrated Oil, Cream, Food Additive, Inhaled Liquids, Supplement Capsule, and Tincture Spray.

Based on Source, the cannabinoid hemp oil is studied across Inorganic, and Organic.

Based on Application, the cannabinoid hemp oil is studied across Cosmetics & Personal Care, Food & Beverage, Medical & Pharmaceuticals, and Pet Care.

Based on Distribution Channel, the cannabinoid hemp oil is studied across Offline Mode, and Online Mode.

Based on geography, the cannabinoid hemp oil is studied across Americas (United States), Europe, Middle East & Africa (United Kingdom, Germany, and Saudi Arabia), and Asia-Pacific (China, Japan, and India).


Pesach

Author: Pesach

In perhaps the fastest growing industry ever, one person has made a name for himself as a leader and innovator. Anne Holland, the Founder of Marijuana Business Daily, once called his publication, ADBUMB "her favorite."

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