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:
Breakup by Product Category:
Breakup by Application:
- Food and Beverages
- Personal Care
Breakup by Distribution Channel:
Breakup by Country:
- United Kingdom
- Rest of Europe
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.
|Base Year of the Analysis
| Historical Period
||Source, Product Type, Product Category, Application, Distribution Channel, Country
||Germany, Spain, Italy, France, United Kingdom, Russia, Rest of Europe
||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
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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?