CBD Oil Market Analysis, Cost Structure and Prominent Key Players Analysis 2022-2030
CBD Oil Market Highlights The CBD oil market size is projected to reach approximately USD 42.85 Billion by 2030, at a CAGR of 15.60% from 2022-2030. CBD is a cannabinoid found in the cannabis plant. CBD oil acts as a natural pain reliever, have anti-inflammatory properties and could reduce epileptic seizures, etc. From the past few years, the market for CBD oil market had been increasing owing to rising legalization of cannabis and growing R&D in the field. Following the same, it is noted that new market players have been emerging in the market owing to the rising demand for CBD oil. Segment Analysis Global CBD oil market has been segmented based on type, and application. Based on type, the market has been divided into hemp-derived and marijuana-derived types. The Hemp-derived CBD oil type is holding the major share of the overall CBD oil market. It has been estimated that the hemp-derived segment is growing at the highest CAGR to reach USD 2,092.97 Million by...