Cannabidiol Oil Market Growth, Size, Share, Trends, COVID-19 Impact Analysis, an

1. Market Research Report EXCLUSIVE EDITION Global Cannabidiol Oil Market Research Report Global Industry Analysis, Forecast and Trends, 2021-2027 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Global Global Cannabidiol CannabidiolOil Market Report Oil Market Report © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Cannabidiol Oil Market by Source (Hemp and Marijuana), by End-Use (Medical (Chronic Pain, Mental Disorders, Cancer), Personal Use, Pharmaceuticals, Wellness (Food & Beverages, Personal Care & Cosmetics)), by Region – Global Share and Forecast to 2027 Description Description The global cannabidiol oil market was USD 3.1 billion in 2020 20.2 % from 2021 to 2027 . Cannabidiol is extracted from cannabis or hemp, specifically hemp, due to its naturally high CBD content. The product is often mistaken for its psychoactive counterpart, tetrahydrocannabinol extracted from the same plant. It has several benefits in treating anxiety, inflammation, reducing pain, and helping prevent seizures. The market is evolving faster due to its increasing utilization in the food, pharmaceuticals industry, and cosmetics. USD 3.1 billion in 2020 and estimated to grow USD 9.3 billion by 2027 USD 9.3 billion by 2027, at a CAGR of Some of the factors driving the market growth include the need for plant-based pain relief medication and the future . prevalence of mood-related neurological disorders. A high number of people are affected by depression. Also, research and development in plant-based medications have been leading to the substantial impetus to the growth of the CBD oil market. Additionally, the rise in penetration of hemp oil in e-commerce websites and advancements in technologies are expected to bolster market growth in the future. However, restrictions in CBD use in a few countries and stringent regulatory infrastructure are expected to hamper the market growth. Get a Sample PDF copy of the Report: Get a Sample PDF copy of the Report: - - https://www.marketstatsville.com/request https://www.marketstatsville.com/request- -sample/cannabidiol sample/cannabidiol- -oil oil- -market market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. COVID COVID- - 19 Impact on the Global 19 Impact on the Global Cannabidiol CannabidiolOil Oil Market Market COVID-19 is an unparalleled global public health emergency that has affected every industry, including the healthcare industry, the long-term effects anticipated to impact the industry growth. The ongoing research amplifies the research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. Moreover, RD in plant-based medications for COVID-19 induced stress, anxiety, and depression, boosting market growth.For instance, in December 2020, the University of Texas at Austin collaborated with SunFlora.Inc and Way West Hemp Inc. is conducting a phase II/III clinical trial to assess the efficacy of CBD isolate and full-spectrum cannabidiol oil in reducing COVID- 19 induced anxiety, depression, anger, sleep disturbance, and stress. Buy an exclusive copy: Buy an exclusive copy: - - https:// https://www.marketstatsville.com/buy www.marketstatsville.com/buy- -now/cannabidiol now/cannabidiol- -oil oil- -market market Global Global Cannabidiol CannabidiolOil Market Oil Market Dynamics Dynamics Drivers Drivers: : Rise in the Acceptance of Hemp Oil Based Rise in the Acceptance of Hemp Oil Based Products Products The rise in acceptance of cannabidiol oil in treating diseases and the legalization of cannabinoid plant-related products in many countries is anticipated to increase the hemp-based cannabidiol oil segment growth.In addition, regulatory approvals, increasing product acceptance, and usage are other major factors driving the CBD Oil market for goods infused with cannabis oil. Furthermore, the growing awareness of the medicinal advantages of cannabis oil has influenced individuals to purchase goods dependent on CBD, regardless of their cost. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. Restrictions Restrictions: : Lack of consumer awareness in several Asian and the Middle East Lack of consumer awareness in several Asian and the Middle East countries countries CBD-based products are gaining wide popularity among consumers in developed countries such as the US, UK, Russia, Canada, and others but not in the developing economies, especially in Asia and the Middle East. The myth associated with the product delivering psychoactive effects due to its popularity among customers for recreational purposes hampers its market performance. Customers are not well aware of its benefits, functions, and beneficial offerings in several ways. However, the manufacturers are constantly creating consumer awareness and developing informative packaging to clear the consumer's intention towards the product. Therefore, the efforts to reinforce the marketing activity will offer the global cannabidiol market growth opportunities. Scope of the Scope of the Report Report The study categorizes the cannabidiol oil market based on source and end-use at the regional and global levels . By Source Outlook By Source Outlook ( ( Sales, USD Million, 2017 Sales, USD Million, 2017- - 2027 2027) ) Hemp Marijuana © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. By End By End- -Use Outlook Use Outlook ( ( Sales Sales / / Revenue, USD Million, 2017 Revenue, USD Million, 2017- - 2027 2027) ) Medical chronic pain mental disorders Cancer Others personal use Pharmaceuticals Wellness Food Beverages Personal Care Cosmetics Nutraceuticals Others By Region Outlook By Region Outlook ( ( Volume, Thousand Units, Revenue, USD Million, 2017 Volume, Thousand Units, Revenue, USD Million, 2017- - 2027 2027) ) North America ( US, Canada, Mexico ) South America ( Brazil, Argentina, Colombia, Peru, Rest of Latin America ) Europe ( Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe ) © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. Asia Pacific ( China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia New Zealand, Rest of Asia Pacific ) The Middle East Africa ( Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA ) Request for Report TOC, Table of Figure, Chart, Request for Report TOC, Table of Figure, Chart, etc market market etc: :- - https:// https://www.marketstatsville.com/table www.marketstatsville.com/table- -of of- -content/cannabidiol content/cannabidiol- -oil oil- - The hemp segment The hemp segmentis projected to account for the largest market share, by source is projected to account for the largest market share, by source Based on the source, the global cannabidiol oil market is divided into hemp and marijuana . In 2020, the hemp segment had the largest share of 60.0% in the global market of cannabidiol oil. The increasing acceptance of refined CBD products combined with the increasing legalization of marijuana and marijuana-derived products for various medical applications is driving the growth of this segment. Furthermore, the high effectiveness of cannabidiol extracted from marijuana is a key factor for the large share of the market. Cannabidiol derived from hemp is estimated to witness rapid growth owing to increasing demand from the pharmaceutical sector and rising awareness among consumers about health. Increasing consumer disposable income and the legalization of medicinal cannabis are anticipated to positively impact the demand for cannabidiol in the pharmaceutical sector. Oils, concentrates, capsules, tinctures, topical solutions such as slaves, lip balms, lotions, and edibles such as baked goods, chocolates, gums, coffee, and candies are some CBD products that are in high demand. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. Asia Pacific Asia Pacificaccounts for the highest accounts for the highestCAGR during the forecast period CAGR during the forecast period Based on the regions, the global cannabidiol oil market has been segmented across North America, Asia - Pacific, Europe, South America, and the Middle East Africa. In the Asia Pacific, the market is anticipated to witness the fastest growth over the forecast period owing to the setup of hemp-producing plants, especially in China. China is the largest hemp cultivator in Asia, producing nearly half of the world's hemp. The increasing legalization and approvals of cannabidiol in several products offer several manufacturers potential opportunities to operate in the market.For instance, in 2019, Thailand was the first Southeast Asian country to legalize cannabis for medicinal use and research purposes. The manufacturers' capitalization on consumer awareness and product marketing are some of the key factors driving the market growth. Key Market Key Market Players Players The cannabidiol oil market is mildly concentrated in nature, with few numbers global players operating in the market such as Aurora Cannabis, ENDOCA, Gaia Herbs, ISODIOL, IRIE CBD, CV Sciences Inc., CBD American Shaman, Canopy Growth Corporation, Elixinol, NuLeaf Naturals, LLC, ConnOils LLC, and Medical Marijuana, Inc. Every company follows its business strategy to attain the maximum market share. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

11. Recent Recent Developments Developments In January 2021, Nano Hydrate unveiled product marketing services that use advanced technologies to provide natural healing through pharmaceutical-grade cannabidiol branding services (CBD). Nano Hydrate also aimed to establish a collaborative program that would allow them to introduce existing brands to the market for niche CBD products while also expanding the cannabis industry's options for cannabis-infused beverages. Key Issues Addressed Key Issues Addressed What is the market size by various segmentation of the cannabidiol oil by region and its respective countries? What are the customer buying behavior, key takeaways, and Porter's five forces of the cannabidiol oil market? What are the key opportunities and trends for cannabidiol oil supply chain manufacturers? What are the market's fundamental dynamics (drivers, restraints, opportunities, and challenges)? What and how are regulations, schemes, patents, and policies impacting the market's growth? What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology? The market player positioning, top winning strategies by years, company product developments, and launches will be? How has COVID - 19 impacted the demand and sales of cannabidiol oil in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period . Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market . Request For Report Analysis: Request For Report Analysis: - - https://www.marketstatsville.com/cannabidiol https://www.marketstatsville.com/cannabidiol- -oil oil- -market market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

12. Research Methodology Market Statsville Group (MSG) research is conducted by industry experts who offer insight into industry structure, market segmentation, product assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and current market positions. Furthermore, the varying trends of the segments and categories are geographically presented, studied, and estimated based on primary and secondary research. Primary Primary Research Research – – Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers) of the major players who are active in the global software testing market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next six years. Secondary Secondary Research technical, market-oriented, and commercial study of the global software testing market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization, some paid databases, and many others. Research – –Secondary research was mainly used to collect and identify information useful for the extensive, © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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