Cannabidiol Oil (CBD Oil) Market
Cannabidiol Oil (CBD Oil) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Cannabidiol Oil (CBD Oil) Market Size and Growth
The Cannabidiol Oil (CBD Oil) market is rapidly expanding, driven by rising consumer interest in wellness products. The market size reached approximately $4.6 billion in 2023, with projections indicating robust growth due to increasing legalizations and product innovations. Key trends include ecommerce sales and diverse product offerings catering to various demographics.
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Companies Covered
(Covid 19 Impact Covered)
◍ Kazmira
◍ Medical Marijuana, Inc.
◍ Charlotte's Web
◍ CV Sciences
◍ Folium Biosciences
◍ Endoca
◍ Aurora Cannabis
◍ Aphria(Tilray)
◍ Canopy Growth Corporation
◍ Manitoba Harvest
◍ Green Roads
◍ PharmaHemp
◍ Candropharm
◍ GVB Biopharma
◍ NuLeaf Naturals
◍ Hankang (Yunnan) Biotechnology
The Cannabidiol Oil (CBD Oil) market features key players like Kazmira, Charlotte's Web, and Canopy Growth, who drive growth through diverse product offerings, innovation, and strategic partnerships. Companies focus on quality production, expanding distribution channels, and engaging marketing strategies to enhance market presence and consumer trust.
Sales Revenue Examples:
- Medical Marijuana, Inc.: ~$106 million
- Charlotte's Web: ~$88 million
- Canopy Growth: ~$84 million
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◍ Yunnan Hansu Biotechnology
◍ Yunnan Hempson Bio-Tech
Market Segmentation
By Application
◍ Pharmaceuticals Industry
◍ Food Industry
◍ Cosmetics Industry
◍ Other
By Product
◍ Broad Spectrum CBD oil
◍ Full Spectrum CBD oil
◍ CBD Isolate
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Market Growth
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$ X Billion USD
