The numerical and statistical data brought together to produce this Europe CBD Oil Market report is mostly denoted with the graphs, tables and charts which make this report more user-friendly. Besides, the report provides insights into revenue growth and sustainability initiative. Additionally, this report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs or media, selling methods and the best way of distributing the goods to the eventual consumers. The Europe CBD Oil Market report is a professional in-depth study on the current state of the market. Taking up such market research report is all the time beneficial for any company, whether it is a small scale or large scale, for marketing of products or services.
Europe CBD oil market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market research analyses that the market is growing with the CAGR of 40.0% in the forecast period of 2021 to 2028 and expected to reach USD 84,50,923.19 thousand by 2028. Increasing demand of CBD products among consumers is a driving factor for the market growth.
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Market Overview:
Cannabidiol (CBD) is active metabolites of medicinal plants. This is a 21-carbon terpenophenol compound that is derived from the precursor, which may also be generated synthetically, following the decarboxylation. CBD appears to have little effect on conditioning or intracerebral personality-stimulation in preclinical animals of abuse liability. CBD has failed to replace THC with an animal drug discrimination model. It has no impact on humans that suggests violence or propensity for dependence. Cannabidiol (CBD) is a natural compound found in a plant that has a rich history as a medicine, which has a millennia history in the resinous flora of cannabis. Scientists and physicians around the world are testing and confirming the therapeutic properties of CBD. A healthy, non-addictive medication, CBD is one of over 100 cannabis-specific cannabinoids that give a robust therapeutic profile to the plant.
The factors driving the growth of the market areincreasing health benefits by the usage of CBD oils, growing trends of CBD spiked foods and beverages, increasing awareness about the therapeutic benefits of CBD oil, growing demand of CBD oil in COVID-19, and increasing awareness, efficient distribution channel and easy availability. The factors expected to restrain the market’s growth are growing side effects assoaciated with excessive usage of CBD oils, stringent regulations, and legalization of CBD oil in several European countries.
Some of the major players operating in the CBD oil market are KANIBI, GREEN GORILLA, Spruce Natural Labs LLC., Green Garden Gold, REAKIRO, Qanoid B.V., Joy Organics, Pure Hemp Botanicals, CBDistillery, Evopure Ltd., PharmaHemp, Essentia Pura, MH Medical Hemp GmbH, HEXO, Emblem CANNABIS, Aurora Cannabis Inc., Diamond CBD, Elixinol Wellness Limited, NuLeaf Naturals, LLC, Aphira Inc., CBD Ultra Limited, ConnOils LLC, ENDOCA, and The Original Alternative among others.
Europe CBD Oil Market Scope and Market Size:
Europe CBD oil market is segmented into seven notable segments based on type, product type, nature, product category, application, distribution channel, end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, Europe CBD oil market is segmented into THC dominant, CBD dominant, marijuana based, and, hemp based. In 2021, the CBD dominant segment is expected to dominate the market due to factors such as usage in treatment of inflammation, psychosis or mental disorders and migraines.
- On the basis of product type, Europe CBD oil market is segmented into CBD isolates, CBD distillates, water soluble CBD, CBD concentrates, and others. In 2021, the CBD distillate segment is expected to dominate the market due to rise in demand for products that has mood-altering compound with significant therapeutic benefits owing to allowable levels of THC.
- On the basis of nature, Europe CBD oil market is segmented into blended and original. In 2021, the blended segment is expected to dominate the market due to varied uses of blended CBD oil.
- On the basis of product category, Europe CBD oil market is segmented into unflavoured, and flavoured. Flavoured is sub-segmented into vanilla, mint, citrus flavour, and others. In 2021, the unflavoured segment is expected to dominate the market due to increasing use of unflavoured CBD in smoothies or post workout drinks, cookies, CBD drinks, or any CBD-infused edible.
- On the basis of application, Europe CBD oil market is segmented into pharma and nutraceuticals, food and beverages, personal care/cosmetics, industrial application, and others. In 2021, the pharma & nutraceuticals segment is expected to dominate the market due to increasing number of clinical trials completed for the CBD oil.
- On the basis of distribution channel, the Europe CBD oil market is segmented into store-based retailer and non-store-based retailer. In 2021, the store-based retailers’ segment is expected to dominate the market due to factors such as customer support and more inventory options.
- On the basis of end user, the Europe CBD oil market is segmented into household/retail and commercial. In 2021, the commercial segment is expected to dominate the market due to regulatory relaxation.
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Europe CBD Oil Market Landscape
Part 04: Europe CBD Oil Market Sizing
Part 05: Europe CBD Oil Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trend
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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