A wide ranging Middle East and Africa Cannabidiol (CBD) Oil market report highlights exhaustive study of major market along with present and forecast market scenario with valuable business decisions. The business report offers market size, industry growth, share, development trends, product demand, investment plans, business idea, forecasts to 2029 and more. What is more, the market research report studies general market conditions, estimates client company’s market share and possible sales volume, figure out the probable market for a new product to be launched and discover the most appropriate method for the distribution of certain product. The top notch Middle East and Africa Cannabidiol (CBD) Oil market research report covers detailed analysis of top players.
The large scale Middle East and Africa Cannabidiol (CBD) Oil market report analyzes many points that help businesses get the answers for the toughest questions. Here, it estimates current CAGR of the market. Evaluates the product and application that is expected to show the highest market growth in the Middle East and Africa Cannabidiol (CBD) Oil industry. The industry report figures out whether there will be any changes in market competition during the forecast period. It estimates the region that is foretold to create the most number of opportunities in the global market. This report analyses the market situation which may change in the coming years. Thus, Middle East and Africa Cannabidiol (CBD) Oil market research report provides excellent business solutions with which conquering business challenges becomes easy.
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Middle East and Africa Cannabidiol (CBD) oil Market was valued at USD 8817.44 million in 2021 and is expected to reach USD 73265.26 million by 2029, registering a CAGR of 30.30% during the forecast period of 2022-2029. The “hemp oil” is estimated to dominate the type segment owing to its increased adoption as it significantly reduces total cholesterol and low-density lipoprotein (LDL), which further reduces the risk of stroke, high blood pressure and heart disease. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Cannabidiol (CBD) oil is a cannabis-derived product. It's a cannabinoid, which are chemicals found naturally in marijuana plants. Despite the fact that it is derived from marijuana plants, cannabidiol does not produce a "high" or any form of intoxication; this is caused by another cannabinoid known as tetrahydrocannabinol (THC). Cannabidiol (CBD) is used a wide array of application owing to its medically proven beneficial properties. Cannabidiol (CBD) is the second most prevalent active ingredient in marijuana. Cannabidiol is a phytocannabinoid that can be used in a wide range of personal care and cosmetic products as an active ingredient.
Opportunities
- Growing Technological Advancements
Furthermore, the increasing number of technological advancements driven with a view to minimize the production costs coupled with the developmental operations directed towards sustainable development to ensure optimum and judicious use of resources generate lucrative opportunities to the market players in the forecast period of 2022 to 2029.
- Funding and Research and Development (R&D) Activities
The surging funding from federal government pertaining to the research and development proficiencies are projected to expand the future growth of the cannabidiol (CBD) oil market. Moreover, the various research and development (R&D) activities aimed at lowering THC content, as well as a growing emphasis on obtaining faster regulatory approval, will positively influence market growth.
Some of the major players operating in the cannabidiol (CBD) oil market are
- Canopy Growth Corporation (Canada)
- The Cronos Group (Canada)
- Tilray. (U.S.)
- Hexo (Canada)
- CannTrust (Canada)
- Aurora Cannabis Inc. (Canada)
- GW Pharmaceuticals plc. (UK)
- VIVO Cannabis Inc. (Canada)
- Alkaline88, LLC. (U.S.)
- NewAge Inc. (U.S.)
- Cannara. (Canada)
- Dixie Brands (U.S.)
- KANNAWAY LLC. (U.S.)
- The Supreme Cannabis Company, Inc (Canada)
- CANNABIS Aphria (Canada)
- CURA CS, LLC. (U.S.)
- KAZMIRA (U.S.)
- Curaleaf (U.S.)
- CannazALL (U.S.)
Recent Development
- In January 2021, Next leaf, has been granted a patent by the United States Patent and Trademark Office for a process that adds to the Company's dynamic and growing U.S. patent portfolio resulting in a solventless cannabis concentrate.
- In January 2021, Nano Hydrate, has unveiled product marketing services leveraging advanced technologies to provide natural healing through branding services of pharmaceutical-grade cannabidiol (CBD). Moreover, Nano Hydrate aimed to create a collaborative program that would allow them to introduce existing brands to the market for niche CBD products while expanding options for cannabis-infused beverages to the cannabis industry.
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Middle East and Africa Cannabidiol (CBD) Oil Market Scope
The cannabidiol (CBD) oil market is segmented on the basis of type, product type, product category, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Hemp Oil
- Marijuana Oil
Product Type
- Original
- Blended
Product Category
- Unflavored
- Flavored
Application
- Food and Beverages
- Personal Care/Cosmetics
- Pharma and Nutraceuticals
- Industrial Application
Distribution Channel
- Direct
- Indirect
Cannabidiol (CBD) Oil Market Regional Analysis/Insights
The cannabidiol (CBD) oil market is analyzed and market size insights and trends are provided by country, type, product type, product category, application and distribution channel as referenced above.
The countries covered in the cannabidiol (CBD) oil market report are Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Major TOC of the Middle East and Africa Cannabidiol (CBD) Oil Market Report:
• INTRODUCTION
• MARKET SEGMENTATION
• MARKET OVERVIEW
• EXECUTIVE SUMMARY
• PREMIUM INSIGHTS
• Integrated Passive Device Market
• COMPANY PROFILE
• COMPONENT MANUFACTURER
• CONCLUSION
• QUESTIONNAIRE
• RELATED REPORTS
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