Global CBD Hemp Oil Market was Worth US$ 1.92 Bn in 2022, Exhibiting CAGR of 18.2% over the Forecast Period: A Report by Absolute Markets Insights

CBD hemp oil normally happens to be a type of oil that is extracted from the hemp plant that contains high levels of cannabidiol (CBD). CBD is nothing but a non-intoxicating compound that can be traced in hemp and marijuana plants that has been linked with several potential health benefits. Hemp oil is manufactured from the hemp plant seeds and may have no or very less CBD. Meanwhile, the CBD hemp oil is normally derived from the flowers, leaves, and stalks of the hemp plant & is inclusive of significant levels of CBD. CBD hemp oil is likely to be used as a dietary supplement and is normally used for its potential health benefits, which are likely to be inclusive of bringing down levels of anxiety, promotion of relaxation, pain relief, and enhancing sleep quality. CBD hemp oil is marketed as a normal remedy for various health concerns, and some individuals claim that it has multiple potential benefits. Here are couple of potential benefits of CBD hemp oil. Right from pain relief to anxiety and depression, and neuroprotective properties, the CBD hemp oil is being used extensively. It has been found to have pain-relieving properties, and it may be useful for managing chronic pain and inflammation.

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According to couple of studies, the CBD can help reduce symptoms of anxiety and depression, though more research is needed. The CBD has been found to have neuroprotective properties, meaning that it may help protect the brain from damage and degeneration, along with improved sleep and cancer-fighting properties. The global CBD hemp oil market is growing due to various factors. The global CBD hemp oil market has been taking huge strides on the path of the progress due to potential health benefits linked with the consumption of CBD hemp oil. Along with this, growing inclination towards adoption of CBD as a therapy for varied medical conditions helps the market grow. Meanwhile, the growth of the global CBD hemp oil market is being dented by concerns related to regulatory conditions encircling consumption of CBD hemp oil. On the other hand, the global CBD hemp oil market will witness massive growth over the period of next couple of years due to surging investments towards product advancements.

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Global CBD Hemp Oil Market: Key Takeaways

• On the basis of the distribution channel, the global CBD hemp oil market is bifurcated into online and offline. The offline segment has been divided into retail pharmacy, hospital pharmacy, and others. The offline segment makes massive money for the market due to growing number of pharmacies in the hospitals.
• The region of Asia Pacific will account for highest revenue generated by the global CBD hemp oil market at the fastest rate in next few years. Growing healthcare infrastructure and changing rules & regulations in nations like India and South Korea provides boost to the market’s progress.

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Some of the market participants operating in the global CBD hemp oil market are

• 4 Corners Cannabis
• Absolute Nature Inc
• CBDistillery
• CHARLOTTE’S WEB
• Cheef Botanicals
• CV Sciences, Inc
• Holmes Organics
• Lazarus Naturals
• NuLeaf Naturals, LLC
• Premium Jane
• Social CBD
• Veritas Farms.
• ZATURAL
• Other Market Participants

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Global CBD Hemp Oil Market:

By CBD Type

• Full-spectrum CBD (Less than 0.3 Percent THC)
• Broad-spectrum CBD (THC-free)
• CBD Isolate

By Product Type

• Tinctures
• Drops
• Sprays
• Others

By Type

• Flavored
• Unflavored/ Natural

By Strength

• Less than 350 mg
• 350 mg to 750 mg
• 750 mg to 1500 mg
• More than 1500 mg

By Medical Indication

• Anxiety & Depression
• Nausea
• Digestive Disorder
• Chronic Pain
• Infection Prevention
• Sleep Disorders
• Others

By Application

• Humans
• Animals/ Pets

By Distribution Channel

• Online
• Offline
  • Retail Pharmacy
  • Hospital Pharmacy
  • Others

By Region

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

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