Global CBD Oil Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 – 2025

Published - Aug 2018 | Category - Pharma & Healthcare | No. of Pages - 102 | Published By - ARC

Introduction

Cannabis contains Cannabidiol (CBD) in cannabinoid. It is a naturally occurring cannabinoid. It can be administered through various ways such as inhalation, oral, or topical. It has side effects such as weakness, decreased appetite, fatigue, diarrhoea, sleepiness and malaise among others.

Thus, to lower the risk of these side effects, Cannabidiol (CBD) is preferred in oil form which is applied topical on the body. Cannabidiol (CBD) oil is effective in pain in multiple sclerosis, epilepsy and other uses. CBD oil is also lowers the depression and anxiety, reduces side effects arising from cancer treatment, and improves heart health. There are benefits such as anti-psychotic effect, anti-tumour properties and diabetes prevention along with neuroprotective properties, and promotes acne reduction are claimed by many users, however does not have scientific proof of the same.

Market Dynamics

Constantly rising awareness regarding health benefits associated with the use of CBD oil is propelling its demand worldwide. In addition, its availability on the online sales channels is making the product more accessible to people and thereby fueling the revenue generation.

On the other hand, the product is approved in only 50 states around the world owing to use of cannabis being highly regulated or banned in many countries globally. This, is acting as a challenge in the market expansion.


 

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