CBD Oil Market growth to accelerate at 27% CAGR during 2021-2025| Rising Millennial Population in Key Cannabis Markets to Boost Growth | Technavio
NEW YORK, May 17, 2021 /PRNewswire/ --
Set to grow by USD 3.05 billion during 2021-2025, Technavio's latest market research report estimates the CBD oil market to register a CAGR of almost 27%. The rising millennial population in key cannabis markets will be crucial in driving the growth of the market. Besides, the health benefits of CBD oil and the increasing number of new product launches will have a positive impact on the growth of the market.
Learn about the latest trends and challenges and their impact on the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aurora Cannabis Inc., Canopy Growth Corp., CBD American Shaman LLC, CV Sciences Inc., Elixinol Global Ltd., Endoca BV, Gaia Botanics, Isodiol International Inc., Medical Marijuana Inc., and NuLeaf Naturals LLC are some of the major market participants. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
CBD Oil Market 2021-2025: Segmentation
CBD Oil Market is segmented as below:
- Product
- Marijuana Derived CBD Oil
- Hemp Derived CBD Oil
- Geography
- North America
- South America
- Europe
- APAC
- MEA
The marijuana-derived CBD oil was the largest product segment and the segment generated maximum revenue in the market in 2020. The market position of the marijuana-derived CBD oil segment will likely remain the same over the forecast period. Similarly, North America was ranked first as the largest region and provided significant growth opportunities in 2020, while the MEA region generated the least revenue.
Learn more about the global trends impacting the growth of the market across various segments by downloading our free sample:
https://www.technavio.com/talk-to-us?report=IRTNTR40147
CBD Oil Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the CBD oil market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Aurora Cannabis Inc., Canopy Growth Corp., CBD American Shaman LLC, CV Sciences Inc., Elixinol Global Ltd., Endoca BV, Gaia Botanics, Isodiol International Inc., Medical Marijuana Inc., and NuLeaf Naturals LLC.
The report also covers the following areas:
- CBD Oil Market size
- CBD Oil Market trends
- CBD Oil Market industry analysis
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CBD Oil Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist CBD oil market growth during the next five years
- Estimation of the CBD oil market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the CBD oil market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of CBD oil market vendors
Table of Contents:
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value Chain Analysis: Pharmaceuticals Market
2.2.1 Research and development (R&D) and drug discovery
2.2.2 Integration and product development
2.2.3 Manufacturing
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 Support services
2.2.7 Innovation
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Market condition - Five forces 2020
5. Market Segmentation by Product
The segments covered in this chapter are:
- Marijuana derived CBD oil
- Hemp derived CBD oil
The product segments have been ranked based on their market size in 2020. Marijuana derived CBD oil constituted the largest product segment in 2020, followed by hemp derived CBD oil. The 2020 market position of all the product segments will likely remain the same in 2025. The ranking of none of the product segments will change by 2025; this indicates that the market composition will see limited changes.
5.1 Market segments
Exhibit 15: Product - Market share 2020-2025 (%)
5.2 Comparison by End-user
5.3 Marijuana derived CBD oil - Market size and forecast 2020-2025
Exhibit 17: Marijuana derived CBD oil - Market size and forecast 2020-2025 ($ million)
Exhibit 18: Marijuana derived CBD oil - Year-over-year growth 2020-2025 (%)
5.4 Hemp derived CBD oil - Market size and forecast 2020-2025
Exhibit 19: Hemp derived CBD oil - Market size and forecast 2020-2025 ($ million)
Exhibit 20: Hemp derived CBD oil - Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by Product
Exhibit 21: Market opportunity by Product
6. Customer Landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
7. Geographic Landscape
The regions covered in the report are:
- North America
- South America
- Europe
- APAC
- MEA
The five regions have been ranked based on their market size in 2020. North America ranked first as the largest region, while MEA was the smallest region in 2020. In 2025, the five regions will maintain their position as that of 2020. This is indicative of limited changes in the geographical composition of the market, given that the ranking of no region will change by 2025.
7.1 Geographic segmentation
Exhibit 23: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
7.3 North America - Market size and forecast 2020-2025Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
7.4 South America - Market size and forecast 2020-2025
Exhibit 27: South America - Market size and forecast 2020-2025 ($ million)
Exhibit 28: South America - Year-over-year growth 2020-2025 (%)
7.5 Europe - Market size and forecast 2020-2025
Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
7.6 APAC - Market size and forecast 2020-2025
Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
7.7 MEA - Market size and forecast 2020-2025
Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
7.9 Market opportunity by geography
Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Growing Millennial population in key cannabis markets
8.1.2 Health-promoting benefits of CBD oil
8.1.3 Increasing number of new product launches
8.2 Market challenges
8.2.1 Adverse effects of CBD oil products
8.2.2 Naive new vendors and lack of investment in cannabis and CBD oil industry
8.2.3 Distribution challenges
Impact of drivers and challenges
8.3 Market trends
8.3.1 Growing legalization of cannabis-based products
8.3.2 Advent of advanced cultivation processes
8.3.3 Growth in the e-commerce industry
9. Vendor Landscape
9.1 Vendor landscape
9.2 Landscape disruption
Analysis of Criticality of inputs and Factors of differentiation
Techanavio's Analysis on the impact of Disruption Threats by comparing Disruptive sources and Factors driving disruption
Exhibit 47: Industry risks
9.3 Competitive landscape
10. Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Aurora Cannabis Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.4 Canopy Growth Corp.
Overview
Business Segments
Key Offering
Segment Focus
10.5 CBD American Shaman LLC
Overview
Business Segments
Key Offering
Segment Focus
10.6 CV Sciences Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.7 Elixinol Global Ltd.
Overview
Business Segments
Key Offering
Segment Focus
10.8 Endoca BV
Overview
Business Segments
Key Offering
Segment Focus
10.9 Gaia Botanics
Overview
Business Segments
Key Offering
Segment Focus
10.10 Isodiol International Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.11 Medical Marijuana Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.12 NuLeaf Naturals LLC
Overview
Business Segments
Key Offering
Segment Focus
11. Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
Research Methodology
Validation techniques employed for market sizing
11.3 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Report: https://www.technavio.com/report/cbd-oil-market-industry-analysis
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