CBD Hemp Oil Market to Reap Excessive Revenues by 2026

Posted by Rohini Chaudhari on February 7th, 2020

The global CBD hemp oil market is likely to witness substantial growth owing o high incidences of chronic and infectious diseases worldwide. Augmented awareness about sleep disorders and depression together with increase in the healthcare-related expenditure is expected to foster growth of the global CBD hemp oil market in the years to come.

Canopy Growth Corporation, CBD American Shaman, Aurora Cannabis Inc., Elixinol Global Limited, NuLeaf Naturals, and Endoca BV are few of the prominent companies that have been profiled in the global CBD hemp oil market.

Transparency Market Research (TMR) has come up with an all-inclusive study on the global CBD hemp oil market, for the period 2018 to 2026. The report estimates that the global CBD hemp oil market is likely to expand at healthy rate of 11% CAGR. The market is likely to surpass US$ 2.5 Bn through 2026.

Planning To Lay Down Future Strategy? Request Brochure Of CBD Hemp Oil Market

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=39518

Prevalence of Chronic Diseases to Fuel Growth in Asia Pacific

The Asia Pacific CBD hemp oil market is likely to display substantial growth due to increased per capita income of people. In addition, there has been a considerable rise in the prevalence of chronic diseases in the region. According to findings of World Health Organization, various chronic diseases like cancer, diabetes, and cardiovascular diseases claim nearly 8.5 Mn lives in Asia Pacific. CBD hemp oil is utilized extensively in alleviating chronic pain, which is likely to widen the scope of the global CBD hemp oil market in years to come.

North America is expected to account for a sizeable share of the global CBD hemp oil market over the tenure of assessment, from 2018 to 2026. Advanced healthcare infrastructure together with acceptance of new, original ideas is likely to promote the expansion of the North America CBD hemp oil market in forthcoming years.

Rising Prevalence of Depression to Stoke up its Demand in the Market

The global CBD Hemp oil market is expected to likely to witness substantial growth due to its increasing use in many medical applications. CBD hemp oil is used as a treatment of depression and anxiety, pain relief, heart health benefit, relief from symptoms of cancer, and acne reduction. In addition to that, meteoric rise in the healthcare spending across the globe is likely to encourage the penetration of CBD hemp oil in the forthcoming oil.