The global sales of CBD oils are expected to total US$ 284.2 Mn in 2021. Future Market Insights (FMI) has projected the CBD oil market to grow at an exponential compound annual growth rate (CAGR) of 31.5%. Increasing use of CBD oil in production of animal feed and emerging scope for application in food and beverage industry are the key trends shaping CBD oil market. Hemp and marijuana oil segment exhibited prolific year-on-year growth of 35.90% in 2021, due to increasing sales of CBD infused food and beverages and high demand for pain and sleep medication. Rising use of CBD oil in sports industry is forecast to drive the market sales through 2031. The team of researchers at Future Business Insights are focussing on research and market study to produce different CBD Oil Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the CBD Oil Market. Get Sample Copy Of CBD Oil Market@ https://www.futuremarketinsights.com/reports/sample/rep-gb-11661 Key Players CV Sciences, Medical Marijuana, Aurora Cannabis, Canopy Growth Corporation, Canntrust, Tilray, and Kazmira LLC are the top companies operating in the market. Segmentation The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on: Product Type:
Hemp Oil
Marijuana Oil
Application:
Pharmaceuticals
Food & Beverages
o
Gummies
o
Chewing Gums
o
Chocolate bars
o
Candies
o
Beverages
o
Dairy Products
o
Bakery Products
o
Snacks
Cosmetics