HTF recognizes the following companies as the key players in the global CBD oil market: ENDOCA, Gaia Botanicals, Isodiol, and Medical Marijuana
Other Prominent Vendors in the market are: Aurora Cannabis (AC), Cannoid, CBD American Shaman, Canopy Growth Corporation, CV Sciences, Elixinol, Folium Biosciences, IRIE CBD, NuLeaf Naturals, and PharmaHemp.
Commenting on the report, an analyst from HTF team said: “The latest trend gaining momentum in the market is Growing influence of online retailing. The increasing popularity of e-commerce businesses worldwide has provided vendors with an opportunity to enhance their profit margins and revenues. E-commerce accounted for nearly 12% of the global retail trade in 2016. Online and e-commerce channels support both business-to-consumer (B2C) and business-to-business (B2B) operations.”
“HTF analysts forecast the global CBD oil market to grow at a CAGR of 39.19% during the period 2017-2021.”
According to the report, one of the major drivers for this market is Health benefits of CBD oil. CBD is one of the numerous compounds found in the cannabis plant. CBD is mostly derived from marijuana and hemp, which come from the same plant species called Cannabis sativa. Marijuana-based CBD products have a relatively high content of THC compared with hemp-derived CBD products. Hence, marijuana-based CBD products can be used only when they are prescribed by doctors. CBD oil products have several benefits. They are known to cure various ailments in the human body. Over the years, the demand for CBD oil has increased in different parts of the world because of the growing awareness about the health benefits of CBD oil.
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Further, the report states that one of the major factors hindering the growth of this market is Unwillingness to invest in cannabis industry. Many investment organizations, such as banks, have expressed their unwillingness to invest in the cannabis industry at regular intervals. Most of the investment organizations in the US and Canada have often declined to provide loans to vendors in the cannabis industry. They have also declined to take a share of the revenue generated from the cannabis market, which includes hemp, marijuana, and other drug-related businesses. This, in turn, has resulted in the lack of adequate banking options for cannabis product vendors, which has caused significant problems in the diversion of funds and accounting. Owing to the lack of support from government organizations, vendors in the cannabis market have to look at private sectors to obtain capital. Vendors eventually end up paying higher interest rates, which decreases their revenues.
The research provides answers to the following key questions:
- What will be the market size and the growth rate in 2022?
- What are the key factors driving the CBD Oil market?
- Who are the key market players and what are their strategies in the CBD Oil market?
- Trending factors influencing the market shares of the Americas , APAC , EMEA.
- What are the key market trends impacting the growth of the Global CBD Oil market?
- What trends, challenges and barriers are influencing Markets growth?
- What are the market opportunities and threats faced by the vendors in the Global CBD Oil market?
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For further information on this report, please visit- https://www.htfmarketreport.com/reports/731783-global-cbd-oil-market
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