Global CBD Oil Market Trajectory & Analytics Report 2021 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 7, 2021--
The “CBD Oil - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global market for Cannabidiol (CBD) Oil estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$12.9 Billion by 2027, growing at a CAGR of 36.6% over the period 2020-2027.
Marijuana-Derived CBD Oil, one of the segments analyzed in the report, is projected to record 38.8% CAGR and reach US$8.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hemp-Derived CBD Oil segment is readjusted to a revised 32.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $436.3 Million, While China is Forecast to Grow at 35.3% CAGR
The Cannabidiol (CBD) Oil market in the U.S. is estimated at US$436.3 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 35.3% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.3% and 31.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 25.5% CAGR.
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- World 15-Year Perspective for CBD Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
- World 15-Year Perspective for Marijuana-Derived CBD Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
- World 15-Year Perspective for Hemp-Derived CBD Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
For more information about this report visit https://www.researchandmarkets.com/r/h2hlpv
View source version on businesswire.com:https://www.businesswire.com/news/home/20210907005687/en/
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SOURCE: Research and Markets
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PUB: 09/07/2021 11:50 AM/DISC: 09/07/2021 11:51 AM