Europe CBD Oil Market Size, Share, Analysis, Report 2023-2028

Europe CBD Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3969

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Market Overview:

The Europe CBD oil market is expected to exhibit a growth rate (CAGR) of 20.9% during 2023-2028.

Cannabidiol (CBD) refers to a non-psychoactive compound extracted from leaves, resin, and flowers of the marijuana or hemp (cannabis) plant. CBD oil is mainly produced by extracting CBD from the cannabis plant and further diluting it with a carrier oil, such as coconut or hemp seed oil. The oil is widely adopted for numerous medicinal purposes due to the absence of psychoactive effects, such as reducing depression, relieving pain, improving heart health, alleviating cancer-related symptoms, treating acne, etc.

The rising legalization of cannabidiol across several European countries is propelling the market for CBD oil. The growing prevalence of various neurological and psychiatric ailments is also driving the demand of CBD oil for treating insomnia, reducing anxiety, minimizing stress levels, improving seizures, etc. In line with this, CBD oil-infused supplements are also adopted in cancer treatment for relieving adverse health effects of chemotherapy, such as inflammation, nausea, insomnia, weight loss, etc. Moreover, significant growth in the pharmaceutical industry along with the increasing use of bioactive ingredients in drugs is further catalyzing the use of CBD oil based on its high content of iron, protein, fiber, zinc, etc. Additionally, the expanding utilization of CBD oil in the cosmetics and personal care sectors based on its antioxidation, anti-aging, and anti-inflammatory properties is also augmenting the market growth in the region. In the coming years, the rising investments by several private and government organizations in extensive R&D activities for cannabinoids will continue to drive the CBD oil market in Europe.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe CBD oil market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on source, product type, product category, application and distribution channel.

Breakup by Source:

Marijuana Based
Hemp Based

Breakup by Product Type:

Inorganic
Organic

Breakup by Product Category:

Flavoured
Unflavoured

Breakup by Application:

Food and Beverages
Personal Care
Healthcare
Nutraceuticals
Others

Breakup by Distribution Channel:

Direct
Indirect

Breakup by Country:

Germany
Spain
Italy
France
United Kingdom
Russia
Rest of Europe

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Aurora Cannabis, Diamond CBD Inc., ENDOCA, APHRIA Inc., ConnOils LLC, Elixinol Global Limited, Emblem CANNABIS, NuLeaf Naturals, LLC, CBD Ultra Limited and The Original Alternative Limited.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Segment Coverage	Source, Product Type, Product Category, Application, Distribution Channel, Country
Countries Covered	Germany, Spain, Italy, France, United Kingdom, Russia, Rest of Europe
Companies Covered	Aurora Cannabis, Diamond CBD Inc., ENDOCA, APHRIA Inc., ConnOils LLC, Elixinol Global Limited, Emblem CANNABIS, NuLeaf Naturals, LLC, CBD Ultra Limited and The Original Alternative Limited
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Europe CBD oil market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Europe CBD oil market?
What are the key regional markets?
What is the breakup of the market based on the source?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the product category?
What is the breakup of the market based on the application?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Europe CBD oil market and who are the key players?
What is the degree of competition in the industry?

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