Winning in CBD Oil Market

2020 Analysis and Review: CBD Oil Market by Application - Pharmaceutical, Food & Beverages, Supplements and Cosmetics for 2020 - 2030

  • 2020-06-02
  • REP-GB-11661
  • 128 Tables
  • 112 Figures
  • 250 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Cbd Oil Market

This study offers a comprehensive, 360 degree analysis on the Cbd Oil market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Cbd Oil market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

CBD Oil Market Outlook & Key Findings

  • CBD oil’s ability to reduce pain by regulating endocannabinoid system (ECS), activity and interacting with neurotransmitters makes it an effective ingredient for pain relief, anxiety and depression drugs
  • CBD oil is no more a prohibited substance, as The World Anti-Doping Agency (WADA) removed CBD oil from the list of prohibited substances
  • Brand owners and manufacturers trying out in non-conventional application area such as lotions, skin care, pet care and textile to mention a few
  • The global CBD oil market growth to remain over 30% (CAGR) between 2020 and 2030, indicates Future Market Insights (FMI) statistical projection
  • Seven out of ten new CBD oil products launched worldwide belongs to North America and Europe
  • Start-ups leading the band-wagon with new formulations and frequent product launches

 

CBD Oil, a Mainstream Ingredient in Pain Relief Drug amidst All Hullabaloo Regarding Safety and Effectiveness

CBD oil is derived from Marijuana and Hemp plants with stress and anxiety-reducing properties. This makes CBD oil a key ingredient used in painkiller and anxiety treatment drug manufacturing.

Supplemental consumption of CBD oil also offers numerous therapeutic benefits for the conditions such as depression, nerve-related pain, sleep disorders, and inflammatory pain.

Drug formulators and pharmaceutical companies were quick to integrate CBD oil in pain-relief medication and flooded the market with new products. Strategic advantage gained by early movers in global CBD oil market left little or no space for new market entrants.

Till 2019 when the size of global CBD oil market was less than US$ 200 Mn, eight out of ten new CBD oil introduced to the market were intended to provide pain relief.

CBD Entrepreneurs Monetizing on CBD Oil Usage in Non-Conventional Use Cases, and Creating a Blue-Ocean

An average of 20 new companies enter the CBD product ecosystem every year since 2017, worldwide. Almost all of these companies were start-ups and CBD oil was one of their first product offering.

Entrepreneurs introduced CBD oil for widespread application which primarily included food, lotions, cocktails, massage oils, textiles etc.

CBD oil has found its way into the textile industry. Microencapsulated CBD is designed to attach to fabrics and improve post wash satisfaction for consumers. Such innovation of microencapsulated CBD is also anticipated to create blue-ocean and enable growth in the global CBD oil market over the coming years.

Non-pharmaceutical application of CBD oil is slated to grow at 1.5 times higher than the average industry growth during the forecast period

CBD’s Popularity as Upcoming Luxury and Beauty Wellness Ingredient Creates Lucrative Growth Prospects

Enthusiasm around emerging science and softening cannabis laws are on the path of legitimizing medicinal claims of CBD oil.

Endorsements by celebrity evangelists are catapulting it as a premium ingredient, paving way for the market players into the cosmetics and beauty industry. The ongoing CBD trends are indicative of a promising future for the market. CBD oil-infused products are enticing influencers from around the world.

The anti-inflammatory and analgesic properties of CBD oil can help in the treatment of psoriasis, eczema, and dry skin. It also helps in suppressing breakouts. In this report, FMI examines the scope of CBD oil in the beauty sector, and indicates that one tenth of CBD oil will be used for skin care product formulation by the end of 2030.

Diluting Consumer Sentiments through Social Listening to Proliferate Potential Customer base

FMI conducted a 3600 customer sentiment analysis, including social listening and social sentiment analysis in 2020.

Results of this social sentiment analysis is in-sync with the expectation of brand owners but magnetically opposite from marketing strategies adopted by key market players.

A close to 60% of no CBD oil using respondents mentioned that they restrained away from such products largely due to associated social restriction. Though all such respondents agreed of health benefits of CBD oil.

Result of consumer sentiment analysis by FMI reveals a lot of gap in the promotional and marketing strategies adopted by companies for brand building activities. One of such strategies suggested in the report is to develop an infomercial marketing approach by key brands.

CBD Oil Market Growth Riding High on Flourishing E-Commerce Retail

As per the FMI report, almost half of CBD oil sales happens through online channels. E-Commerce retail enabled established as well as new companies operating in CBD oil manufacturing, marketing and sales to cater customers all around the globe.

The majority of the players offering CBD oil such as Premium Jane, Pure Kana, and CBD one Ltd. are making their products available through e-commerce websites to reach more consumers.

Unlike other industries where share of online sales is poised to increase over the coming years, CBD oil market is likely to reflect a paradox trend. CBD oil demand in the short-term forecast period may witness a modest shift towards brick and mortar.

Online mode of operation equips CBD oil companies with and added supply side advantage. Companies save required sizable investment for product retailing and ensuring last mile supply, without prior demand forecast. E-Commerce as primary mode of business also offers CBD oil companies to track potential customers and draft brand promotion campaigns.

Dominance of the Early Movers Clearly Visible in Global CBD Oil Market

Consumers in North America and Europe dominate CBD oil consumption with over three fourth of CBD oil produced worldwide, either in direct, supplemental or ingredient form.

Apart from North America and Europe, Asia presents lucrative opportunity pockets, yet only a handful of companies are legally open for manufacturing, sales and marketing of CBD based products including CBD oil.

The report on the global CBD oil market by FMI provides elucidated analysis for seven regions i.e. North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East and Africa. Among these regions, North America and Europe currently lead the market in terms of demand as well as annual growth rate, finds FMI in its latest study.

CBD Oil Companies Eying Avenues Outside of Europe

Japan has been identified as one of the potential countries exhibiting opportunities for companies eying growth in CBD oil market outside of North America and Europe.

Companies operating or are planning to foray in Asian markets have disclosed to be more emphasized on cosmetic and skin care product application area for CBD oil.

In the Middle East and Africa Region, Israel surface as a promising market slated for above global average growth rate.

The placement for the key regions in product lifecycle (PLC) chart below reveals that the CBD oil market in North America is saturated, compelled market players to look for opportunities in Asia and the Middle East and Africa (MEA). The MEA market is currently at a nascent stage, nonetheless the presence of a sophisticated pharmaceutical sector will support growth in the region. Meanwhile in East and South Asia, the market will gain from the rising demand from diverse industries besides increasing investment in the manufacturing sector.

Leading Brand and Companies in CBD oil Market

The market for CBD oil is primarily dominated by the well-established players. Companies operating in the market are focusing on getting certifications such as Possession of Certificate of Analysis (COA), and clean- Label claims to gain a competitive edge.

Key companies and brand assessed and profiled in the report for global CBD oil market are:

Americas

  • CV Sciences
  • Charlotte's Web
  • Medical Marijuana Inc.
  • CBDistillery
  • Tilray
  • Canopy Growth Corporation
  • Aurora Cannabis
  • Sunday Scaries
  • Penguin CBD Oil
  • Medterra

Europe

  • ENDOCA
  • Pharmahemp
  • Canzon
  • AP Organics
  • Blessed CBD
  • CBD Pure
  • Excite CBD
  • The Original Alternative
  • Select CBD

Asia Pacific

  • Elixinol Global Limited

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report

CBD Oil: The Way Forward

Future Market Insights predicts the global CBD oil market to provide incremental opportunity of over US$ 200 Mn over the course of the report’s forecast period. Approvals by some of the most reputed international organizations and widening applications across diverse sectors are enabling growth in the market.

In the coming years, its use in supplemental cosmetics is likely to surge, thus companies can emphasize and prioritize these application area.  

With several key players trying to make CBD oil more accessible and focusing on getting certified by international organizations, FMI expects the market to grow exponentially in the coming years.

Despite the growing body of evidences supporting health claims of CBD oil, it continues to be sold primarily as a supplement and not a medicine. This definitely restricts manufacturers from making any health claims around their products. Those in the medical industry and individuals may seem to be in favor of promoting CBD as a medical product. However, stringent regulations will continue curtailing sales opportunities unless it acquires complete approval from governments and international authorities.

A recent market study published by Future Market Insights on the CBD Oil market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.

Market Segmentation

The global CBD oil market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

Application

Distribution Channel

Region

  • Hemp Oil
  • Marijuana Oil
  • Pharmaceuticals
  • Food & Beverages
    • Gummies
    • Chewing Gums
    • Chocolate bars
    • Candies
    • Beverages
    • Dairy Products
    •  Bakery Products
    • Snacks
  • Cosmetics
  • Others
  • Direct/B2B
  • Indirect/B2C
  • Hospital Pharmacy
  • Retail Pharmacy
  • Hypermarkets/Supermarkets
  • Convenience Store
  • Online Retail
  • Others
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

 

 

Report Chapters

Chapter 01 - Executive Summary

The executive summary of the CBD oil market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global CBD oil market.

Chapter 02 – Market Overview

Readers can find the detailed segmentation and definition of the CBD oil market in this chapter, which will help them understand basic information about the CBD oil market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the CBD oil market report.

Chapter 03 – Market Background

The associated industry assessment of the CBD oil market is carried out in this section. The macroeconomic factors affecting growth of the CBD oil market are provided in this section and the impact of these macroeconomic indicators on the CBD oil market is analyzed. The processing overview and technological advancements in the CBD oil market is also provided.

Chapter 04 - Global CBD Oil Market Value Chain

Profit margins at each level of the CBD Oil market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.

Chapter 05 – Global CBD Oil Market Pricing Analysis

The pricing of the CBD oil market by product type is analyzed in this chapter. The prices of different product types of CBD oil in every region is provided. Pricing break-up between different types of players involved in the CBD oil market, price forecast till 2030 and factors affecting pricing of CBD oil has also been provided.

Chapter 06 – Global CBD Oil Market Analysis and Forecast 2015-2030

This chapter includes detailed analysis of the historical CBD Oil market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 – 2021) and incremental opportunity for the forecast period (2020–2030). This chapter provides details about the CBD Oil market on the basis of type and application. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the CBD Oil market is anticipated to grow across North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa.

Chapter 07 – Global CBD Oil market Analysis 2015-2019 & Forecast 2020-2030 by Product Type

Based on product type, the CBD oil market is classified into hemp oil and marijuana oil. This part also offers market attractiveness analysis based on product type.

Chapter 08 – Global CBD Oil market Analysis 2015-2019 & Forecast 2020-2030 by Application

Based on application, the CBD oil market is classified into pharmaceuticals, food & beverages, cosmetics and others. The food and beverages industry is further distinguished into gummies, chewing gums, chocolate bars, candies, beverages, dairy products, bakery products and snacks. This part also offers market attractiveness analysis based on application.

Chapter 09 – Global CBD Oil market Analysis 2015-2019 & Forecast 2020-2030 by Distribution Channel

Based on distribution channel, the CBD oil market is classified into Direct/B2B and Indirect/B2C. The B2C channel is further divided into hospital pharmacy, retail pharmacy, hypermarkets/supermarkets, convenience store, online retail and others. This part also offers market attractiveness analysis based on distribution channel.

Chapter 10 – Global CBD Oil market Analysis 2015-2019 & Forecast 2020-2030 by Region

This chapter explains how the CBD oil market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

Chapter 11 – North America CBD Oil Market Analysis 2015-2019 & Forecast 2020-2030

This chapter includes a detailed analysis of the growth of the CBD Oil market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on application and countries in the North America region.

Chapter 12 – Latin America CBD Oil Market Analysis 2015-2019 & Forecast 2020-2030

Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the CBD Oil market in the Latin America region. This chapter also includes growth prospects of the CBD Oil market in leading LATAM countries such as Brazil, Mexico, Peru, Argentina, and Rest of Latin America.

Chapter 13 –Europe CBD Oil Market Analysis 2015-2019 & Forecast 2020-2030

Important growth prospects of the CBD Oil market based on its end user in several countries such as EU4, BENELUX, Nordic, Russia, Poland and Rest of Europe are included in this chapter.

Chapter 14 –East Asia CBD Oil Market Analysis 2015-2019 & Forecast 2020-2030

This chapter offers insights into how the CBD Oil market is expected to grow in major countries in the East Asia region such as China, Japan and South Korea, during the forecast period 2020-2030.

Chapter 15 –South Asia CBD Oil Market Analysis 2015-2019 & Forecast 2020-2030

This chapter offers insights into how the CBD Oil market is expected to grow in major countries in the South Asia region such as India, Thailand, Indonesia, Malaysia, Singapore and Rest of South Asia, during the forecast period 2020-2030.

Chapter 16 – Oceania CBD Oil Market Analysis 2015-2019 & Forecast 2020-2030

This chapter includes a detailed analysis of the growth of the CBD Oil market in the Oceania region, along with a country-wise assessment that includes, Australia, and New Zealand. Readers can also find regional trends, regulations, and market growth of countries in the Oceania region.

Chapter 17 – Middle East and Africa CBD Oil Market Analysis 2015-2019 & Forecast 2020-2030

This chapter offers insights into how the CBD Oil market is expected to grow in major countries in the MEA region such as Turkey, GCC, South Africa and Rest of MEA, during the forecast period 2020-2030.

Chapter 18 – Competition Assessment

In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the CBD Oil market along with their market presence analysis by region and product portfolio.

Chapter 19 – Competition Deep-Dive

In this chapter, readers can find a comprehensive list of leading manufacturers in the CBD Oil market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are CV Sciences, Medical Marijuana, Aurora Cannabis, Canopy Growth Corporation, Canntrust, Tilray, Kazmira LLC, Connoils, and Elixinol among others.

Chapter 20 – Research Methodology

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the CBD Oil market.

Chapter 21 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the CBD Oil report.

Sources and Primary Research Splits (%):-

Industry Interactions:

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Production Managers
  • Distributors Heads
  • Sales Executives
  • Product Manufacturers
  • Distributors
  • Traders 
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity Of Assumptions

Primary Interview Splits cbd oil market designation

References Catalogue:

  • Industry Publications
    • Industrial Week
    • Industrial Product Review
    • Industrial Magazine
  • Industry Associations
    • Dieticians Association
    • Food and Agriculture Organization
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits cbd oil market stakeholder

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