Market research and analysis:The market for Cannabidiol Oil (CBD Oil) is expected to grow steadily over the next few years

The 《Global Cannabidiol Oil (CBD Oil) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029》 market analysis released by Global Market Consulting shows that the report covers the research and analysis of the global and Cannabidiol Oil (CBD Oil), and the report also analyzes the factors that affect market development, and the data in the report are based on primary and secondary research. The method is used as the basis, and its purpose is to let users know the development opportunities and unfavorable factors of the market in time.

Cannabidiol (CBD) oil is a natural botanical concentrate that is high in the compound CBD. Of the more than 85 cannabinoids so far identified in the cannabis plant, CBD is the second most common after tetrahydrocannabinol (THC).

According to our (Global Info Research) latest study, the global Cannabidiol Oil (CBD Oil) market size was valued at USD 567.2 million in 2022 and is forecast to a readjusted size of USD 3036.1 million by 2029 with a CAGR of 27.1% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global Cannabidiol Oil (CBD Oil) main players are CW Hemp/CW Botanicals, HempLife Today, Cannavest, Pharmahemp, ENDOCA, etc. Global top four manufacturers hold a share over 35%. North America is the largest market, with a share over 50%.

This report is a detailed and comprehensive analysis for global Cannabidiol Oil (CBD Oil) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

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