The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s CBD oil and CBD consumer health market report forecasts the CBD oil and CBD consumer health market size to grow to $123.91 Billion by 2027, with a CAGR (compound annual growth rate) of more than 25%.

Learn More On The CBD Oil And CBD Consumer Health Market Report 2023 – https://www.thebusinessresearchcompany.com/report/cbd-oil-and-cbd-consumer-health-global-market-report

CBD Oil And CBD Consumer Health Market Size Forecast
The global CBD oil and CBD consumer health market is expected to grow from $39.54 billion in 2022 to $49.72 billion in 2023 at a compound annual growth rate (CAGR) of 25.75%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The CBD oil & CBD consumer health market size is expected to reach $123.91 billion in 2027 at a CAGR of 25.64%.

North America held the largest CBD oil and CBD consumer health market share.

Key CBD Oil And CBD Consumer Health Market Driver ­– Increase In Awareness Regarding The Health Benefits Of CBD-Infused Products
For instance, in 2020, according to a survey conducted by SingleCare, a US-based authorized prescription discount plan organization, 33% of Americans have already used CBD, while 64% of current CBD users were using CBD for pain relief and inflammation. Besides, 45% of the current CBD users increased their CBD use after the COVID-19 pandemic. As a result, the increasing awareness regarding the health benefits of CBD-infused products is propelling the CBD oils and CBD consumer health market.

Request for A Sample Of The Global CBD Oil And CBD Consumer Health Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8220&type=smp

Key CBD Oil And CBD Consumer Health Market Trend – Technological Advancement
Major companies in the market are introducing technologically innovative products to remain competitive in the market. For instance, NextEvo Naturals, a US-based premium supplement brand, launched NextEvo premium pure cannabidiol (CBD) gummies with hemp extract that contains 10 mg of its SmartSorb CBD. It is vegan, non-GMO, and THC-free. These gummies offer rapid and enhanced absorption due to SmartSorb delivery technology that turns oil-soluble CBD into a water-soluble-like emulsion.

CBD Oil And CBD Consumer Health Market Segment
1) By Product: CBD Oil, CBD Consumer Health
2) By Application: Anxiety/Stress, Sleep/Insomnia, Chronic Pain, Migraines, Skin Care, Seizures, Joint Pain And Inflammation, Neurological Conditions, Other Applications
3) By Distribution Channel: CBD Oil (B2B and B2C), CBD Consumer Health (Online, Retail Stores, and Retail Pharmacies)

CBD Oil And CBD Consumer Health Market Major Players and Strategies
Major players in the CBD oil and CBD consumer health market are CVSciences Inc., Endoca BV, Isodiol International Inc., Elixinol LLC, NuLeaf Naturals LLC, JOY Organics, Lord Jones, Canopy Growth Corporation, CBD American Shaman, BioVectra Inc., Bluebird Botanicals, Noramco Inc., and Cibdol B.V.

In February 2022, Flora Growth Corp., a Canada-based cannabis products manufacturer, acquired JustCBD for an undisclosed amount. The acquisition will strengthen Flora’s footprint in the U.S. wellness market and provide global expansion opportunities for Flora’s product lines. JustCBD is a US-based manufacturer of CBD-infused products.

The CBD Oil And CBD Consumer Health Global Market Report 2023 covers regional data on CBD oil and CBD consumer health market size, CBD oil and CBD consumer health market trends and drivers, opportunities, strategies, and CBD oil and CBD consumer health market competitor analysis. The countries covered in the CBD oil and CBD consumer health market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

CBD (Cannabidiol) is a non-psychoactive component derived from the cannabis sativa plant. CBD oil is made by extracting cannabidiol and then diluting it with carrier oil like hemp seed oil or coconut oil. The CBD oils and CBD consumer health are used in dietary supplements for health benefits.

View More Reports Related To The CBD Oil And CBD Consumer Health Market –
Crop Production Global Market Report 2023
Oilseed Farming Global Market Report 2023
Consumer Healthcare Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: