Europe CBD Oil Market 2021-2026: Size, Trends, Industry Analysis & Growth
According to the latest report by IMARC Group, titled “Europe CBD Oil Market Growth: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the europe CBD oil market to grow at a CAGR of around 23% during 2021-2026.
Cannabidiol (CBD) is a non-psychoactive compound obtained from resins, leaves, and flowers of the marijuana or hemp plant. To produce CBD oil, cannabidiol is extracted from the cannabis plant and is diluted with a carrier oil, such as coconut oil. CBD oil has a high content of amino acids, iron, fiber, zinc, etc. Besides having moderating effects on depression, anxiety, insomnia, seizures, etc., the oil is also used to relieve pain, improve heart health, alleviate cancer-related symptoms, treat acne, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Europe
CBD Oil Market Trends:
The
increasing legalization of cannabidiol across several European countries is
primarily driving the market for CBD oil. Moreover, the rising prevalence of
various neurological and psychiatric disorders is also catalyzing the product
demand for treating such ailments. In line with this, CBD oil-infused
supplements are being increasingly adopted in cancer treatment to minimize the
side effects of chemotherapy, like weight loss, nausea, fatigue, etc.
Additionally, the advancing pharmaceutical industry and the increasing use of
bioactive ingredients in drugs are further bolstering the product demand. Besides
this, the escalating usage of CBD oil in cosmetics and personal care products
due to its anti-inflammatory and anti-aging properties is expected to further
strengthen the Europe CBD oil market in the coming years.
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Europe
CBD Oil Market 2021-2026 Analysis and Segmentation:
Competitive
Landscape:
The
competitive landscape of the market has been studied in the report with the
detailed profiles of the key players operating in the market.
Aurora Cannabis, Diamond CBD Inc.,
ENDOCA, APHRIA Inc., ConnOils LLC, Elixinol Global Limited, Emblem CANNABIS,
NuLeaf Naturals, LLC, CBD Ultra Limited and The Original Alternative Limited.
The
report has segmented the market on the basis on region, disc type, material
type and end user.
Breakup
by Source:
- Marijuana Based
- Hemp Based
Breakup
by Product Type:
- Inorganic
- Organic
Breakup
by Product Category:
- Flavoured
- Unflavoured
Breakup
by Application:
- Food and Beverages
- Personal Care
- Healthcare
- Nutraceuticals
- Others
Breakup
by Distribution Channel:
- Direct
- Indirect
Breakup
by Country:
- Germany
- Spain
- Italy
- France
- United Kingdom
- Russia
- Rest of Europe
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Analyst for Customization and Explore Full Report with TOC & List of
Figure: https://www.imarcgroup.com/europe-cbd-oil-market
Key
highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-
2026)
- Porter’s Five Forces
Analysis
- Market Drivers and
Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping
of the Competitive Landscape
If you
need specific information that is not currently within the scope of the report,
we can provide it to you as a part of the customization.
If you
want latest primary and secondary data (2021-2026) with Cost Module, Business
Strategy, Distribution Channel, etc. Click request free sample report,
published report will be delivered to you in PDF format via email within 24 to
48 hours of receiving full payment.
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