Europe CBD Oil Market Expected to Rise at 21.2% CAGR during 2022-2027 | IMARC Group

PRESS RELEASE

Published April 7, 2023

According to the latest report by IMARC Group, “Europe CBD Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The Europe CBD oil market is expected to exhibit a CAGR of 21.2% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

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.

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Europe CBD Oil Market Trends and Drivers:

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.

Europe CBD Oil Market 2022-2027 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
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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