Hemp-derived CBD Oil Market
Hemp-derived CBD Oil Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Hemp-derived CBD Oil Market Size and Growth
The Hemp-derived CBD Oil market is experiencing robust growth, driven by increasing consumer demand for wellness products. The global market size was valued at approximately $4.6 billion in 2023 and is projected to expand significantly due to evolving regulations, rising awareness of health benefits, and expanding distribution channels.
Companies Covered
(Covid 19 Impact Covered)
◍ Cannavest
◍ Pharmahemp
◍ ENDOCA
◍ BAFA Gmbh
◍ Protect Pharma Rakitovica
◍ Biobloom Hemp
◍ Deep Nature Project
◍ Harmony
◍ DragonflyCBD
◍ MH medical hemp GmbH
◍ Celtic Wind
◍ Elixinol
◍ HemPoland
◍ Opencrop GmbH
The Hemp-derived CBD oil market features key players like Cannavest, Pharmahemp, ENDOCA, and Elixinol, each contributing with diverse product lines and innovative approaches. They expand the market through extensive branding, diverse formulations, and international distribution. Actual sales revenues include:
- Elixinol: ~$11 million
- Pharmahemp: ~$8 million
- Cannavest: ~$15 million
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Market Segmentation
By Application
CBD Nutraceutical
CBD Food ◍ CBD Cosmetics
CBD Medical
Others
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By Product
Food Grade
Pharmaceutical Grade
Market Growth
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$ X Billion USD
