According to the latest IMARC Group report entitled “European CBD oil market: Industry trends, share, size, growth, opportunities and forecast 2021-2026,”The European CBD oil market will grow at a CAGR of around 23% in the period 2021-2026.
Cannabidiol (CBD) is a non-psychoactive compound made from resins, leaves, and flowers of the marijuana or hemp plant. To make CBD oil, cannabidiol is extracted from the cannabis plant and diluted with a carrier oil such as coconut oil. CBD oil is high in amino acids, iron, fiber, zinc, etc. In addition to having a relieving effect on depression, anxiety, insomnia, seizures, etc., the oil is also used to relieve pain, improve heart health, relieve cancer . related symptoms, acne treatment, etc.
Like the novel Coronavirus (COVID-19) When the crisis has conquered the world, we continuously monitor changes in the markets and industry behavior of consumers around the world, and our estimates of the latest market trends and forecasts are made taking into account the effects of this pandemic.
CBD Oil Market Trends in Europe:
The increasing legalization of cannabidiol in several European countries is primarily driving the market for CBD oil. In addition, the increasing prevalence of various neurological and psychiatric disorders is also catalyzing product demand for treating such disorders. Accordingly, CBD oil-infused dietary supplements are increasingly used in cancer treatment to further support the product demand for the side effects of chemotherapy such as weight loss, nausea, fatigue, etc. In addition, the increasing use of CBD oil in cosmetics and personal care products is expected to further strengthen the European CBD oil market in the coming years due to its anti-inflammatory and anti-aging properties.
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European CBD Oil Market 2021-2026 Analysis and Segmentation:
Competitive landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Aurora Cannabis, Diamond CBD Inc., ENDOCA, APHRIA Inc., ConnOils LLC, Elixinol Global Limited, Emblem CANNABIS, NuLeaf Naturals, LLC, CBD Ultra Limited and The Original Alternative Limited.
The report has segmented the market by region, disc type, material type and end-user.
Distribution according to source:
- Marijuana based
- Based on hemp
breakup from Product Type:
breakup from Product category:
breakup from use:
- food and drinks
- personal hygiene
- Health care
- Nutraceuticals
- Other
breakup from Distribution channel:
Distribution by country:
- Germany
- Spain
- Italy
- France
- United Kingdom
- Russia
- Rest of Europe
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Main highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently included in the scope of the report, we can provide it to you as part of the customization.
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source https://www.bisayanews.com/2021/09/28/industry-overview-trends-analysis-growth-opportunities-stillwater-current/
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