CBD Hemp Oil Market: Growing Understanding about the Benefits of Cannabis to Spur Demand, TMR
CBD hemp oil has chemical components, which control several neurological diseases and disorders. Also, the oil can help in treatment of the patients suffering from neurological disorders and diseases, which is derived from organic substance from plant’s secretion. Thanks to these factors, the CBD hemp oil and especially the delta-9 tectrahydrocannabinol and THC chemical constituent are witnessing robust demand. These oils are gaining momentum as the scientific community is recommending the oil to be used in stress relief, europrotection, immune response, and regulating balance of body.
TMR estimated that the global CBD hemp oil market stood at US$950.0 mn in 2017 and is estimated to reach valuation of US$2.5 bn by 2026 by expanding at a CAGR of 11% during the forecast period from 2018 to 2026. This growth is attributable to surge in occurrence of chronic and infectious diseases globally. Additionally, the global CBD hemp oil is estimated to get benefit from increase in investment and expenditure on healthcare coupled with rising awareness about use of CBD hemp oil in treatment of sleep and depression amidst patients.
Prevalence of Chronic Diseases to Fuel Growth in Asia Pacific
Regionally, North America accounted for the leading share in the global CBD hemp oil market and is estimated to remain dominant in coming years. This growth is attributable to the increasing geriatric population and in turn rising chronic diseases in the region. Additionally, rising investment for improved technologies, increasing production of cannabis, and legalization of sale of cannabis in Canada are fuelling growth of the global CBD hemp market in the region. However, the CBD hemp oil market in Asia Pacific is anticipated to expand at rapid pace over the forecast period owing to higher consumption of these oils from China, Japan, and India. This demand is estimated to continue over the forecast period which is likely to drive market growth in coming years.
Request Sample of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=39518
Rising Prevalence of Depression to stoke up its Demand in the Market
The global CBD Hemp oil market is expected to likely to witness substantial growth due to its increasing use in many medical applications. CBD hemp oil is used as a treatment of depression and anxiety, pain relief, heart health benefit, relief from symptoms of cancer, and acne reduction. In addition to that, meteoric rise in the healthcare spending across the globe is likely to encourage the penetration of CBD hemp oil in the forthcoming oil.
However, CBD hemp oil does not come with the capability of affecting the state of mind of a person but it does offer therapeutic benefits. Regulation of the body’s state of balance, stress relief, and other benefits are provided by CBD hemp oil. This oil assists in alleviation of pain of patients suffering from various diseases. It also helps in the betterment of the immune system of the body. Expanding pool of geriatric population with rising prevalence of various chronic diseases such as cancer, diabetes and others are fuelling growth of the global CBD Hemp oil market. In addition, considerable rise in the prevalence of depression amongst the younger generation is anticipated to propel growth of the market in near future.
Request for Discount on this Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=39518
Companies such as ENDOCA, Medical Marijuana, Cannoid, Canopy Growth Corporation and Elixinol Global Limited accounted for a major share of the global CBD hemp oil market in 2017. In April 2018, Elixinol Global announced an agricultural operations extension in the state of Colorado, U.S. with Kersey Agricultural Company. This is expected to increase the company's hemp and CBD supply chain in the near future. Other global players operating in the market include Isodiol, NuLeaf Naturals, PharmaHemp, Aphria Inc., and Folium Biosciences, who are focused on strategic acquisitions and collaborations with parallel companies in order to improve and strengthen their geographic presence in the international market.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453