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Hemp Oil Market (35.8% CAGR) 2018 to 2026: Global Industry Size, Share, Growth, Trends and Forecast

November 14, 2019 by Johnson Paul  

According to the latest report published by Credence Research, Inc. “Global Hemp Oil Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global hemp oil market accounted for US$ 80.67 Mn in 2017 and expected to reach US$ 1,253.95 Mn by 2026, expanding at a CAGR of 35.8% from 2018 to 2026.

Market Insights

The global hemp oil market accounted for US$ 80.67 Mn in 2017 and expected to reach US$ 1,253.95 Mn by 2026, expanding at a CAGR of 35.8% from 2018 to 2026. Hemp oil refers to the oil obtained by pressing the seeds of hemp. Extracted oil mainly used in skin care products, although industrial hemp oil used in production of paints, lubricants, fuel and plastics. Presence of nutrients, essential fatty acids and antioxidants are perfect for skin; makes it ideal for healing and massage treatments. Moreover, medicinal benefits derived from the hemp oil expected to accelerate the demand for hemp oil based products. The global hemp oil market has several changes in recent years and expected to change significantly in the near future due to developments in production sources, shifts in consumer preferences adjustments to trade policy settings. Hemp oil is gaining significant adoption among food & beverages industry and as well as in personal care products across the globe.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/hemp-oil-market

Hemp oil provides relief from chronic pain, sleep disorders, anxiety, and nerve pain among others. Health benefits obtained from hemp are resulting in rise of the demand for hemp oil in recent years. Additionally, expansion of the online distribution channel is also a major factor, which is accelerating the growth of the global hemp oil market. The market has been segmented based on different product types and applications. Hemp seed oil dominated the global market owing to presence of nutrients, fatty acids in the oil and it can help to prevent major diseases such as cancer, diabetes and inflammation. Hemp oil is source of plant based protein and provides relief from anti-inflammatory conditions reduces cholesterol and promote proper health of the heart. Based on application, pharma and nutraceuticals dominated the market owing to the medicinal benefits obtained from hemp seed oil. For instance, hemp oil cures cancer without creating any side effects. The medical science strongly is in favor of hemp oil as the primary therapy for cancer

Over the years, global manufacturers focused upon continuous research & development in order to develop new and innovative products. Companies such as Gaia Botanicals, Isodiol, and Medical Marijuana among others are focusing upon innovating new products and launch products on hemp oil. For instance, Medical Marijuana developed hemp oil vaporizer called HempVap, which provides the consumers to ease the side effects of diseases such as cancer, anxiety, joint pain, high blood pressure among others. Additionally, several companies also have launched hemp oil based anti-aging products and chewing gums, which are generating opportunity to the global hemp oil market during the forecast period. There were total 111 new product launches from 2008 to 2017 across the globe, which contained hemp seed oil as an active ingredient.

Aurora Cannabis, Inc., Cannoid, LLC, CV Science, Inc., Elixinol, Isodiol International Inc., HempLife Today, Medical Marijuna, Inc., PharmaHemp d.o.o., Hempco, ENDOCA B.V., Folium Biosciences LLC, Bluebird Botanicals and Hemp Oil Canada, Inc. among others are some of the prominent players in global Hemp Oil market.

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59283

Table of Content

Chapter 1 Preface 15
1.1 Report Scope and Description 15
1.1.1 Study Purpose 15
1.1.2 Target Audience 15
1.1.3 USP and Key Offerings 15
1.2 Research Scope 16
1.3 Research Methodology 17
1.3.1 Phase I – Secondary Research 17
1.3.2 Phase II – Primary Research 18
1.3.3 Phase III – Expert Panel Review 18
1.3.4 Approach Adopted 18
1.3.4.1 Top-Down Approach 18
1.3.4.2 Bottom-Up Approach 19
1.3.5 Assumptions 20
1.4 Market Segmentation 20

Chapter 2 Executive Summary 21
2.1 Market Snapshot: Global Hemp Oil Market 22
2.1.1 Global Hemp Oil Market, by Type, 2017 (US$ Mn) 22
2.1.2 Global Hemp Oil Market, by Application, 2017 (US$ Mn) 23
2.1.3 Global Hemp Oil Market, by Geography, 2017 (US$ Mn) 23
2.2 Global Hemp Oil Market: Premium Insight 24
2.2.1 Attractive Market Opportunities in the Hemp Oil Market 24
2.2.2 Global Hemp Oil Market: Developed vs. Developing Economy 25
2.2.3 Global Hemp Oil Market: North America Market Analysis 26

Chapter 3 Market Dynamics 27
3.1 Introduction 27
3.2 Market Dynamics 27
3.2.1 Market Drivers 27
3.2.1.1 Health Benefits Associated With Hemp Oil 27
3.2.1.2 Expansion of the online distribution channel 28
3.2.2 Market Restraints 28
3.2.2.1 Stringent regulation and policies 28
3.2.3 Market Opportunity 29
3.2.3.1 Product innovation is generating opportunity to the market during the forecast period 29
3.3 Attractive Investment Proposition, by Geography, 2017 29

Chapter 4 Global Hemp Oil Market, by Type 31
4.1 Overview 31
4.1.1 Global Hemp Oil Market Value Share, by Type, 2017 & 2026 (Value, %) 32
4.1.2 Attractive Investment Proposition, by Type, 2017 32
4.1.3 Global Hemp Oil Market, by Type, 2016 – 2026 (US$ Mn) 33
4.2 Hemp Seed Oil 34
4.2.1 Global Hemp Oil Market, by Hemp Seed Oil, 2016 – 2026 (US$ Mn) 34
4.3 Hemp CBD Oil 35
4.3.1 Global Hemp Oil Market, by Hemp CBD Oil, 2016 – 2026 (US$ Mn) 35
4.4 Hemp Essential Oil 36
4.4.1 Global Hemp Oil Market, by Hemp Essential Oil, 2016 – 2026 (US$ Mn) 36

Chapter 5 Global Hemp Oil Market, by Application 37
5.1 Overview 37
5.1.1 Global Hemp Oil Market Value Share, by Application, 2017 & 2026 (Value, %) 37
5.1.2 Global Hemp Oil Market, by Application, 2016 – 2026 (US$ Mn) 38
5.1.3 Attractive Investment Proposition, by Application, 2017 38
5.2 Pharma & Nutraceuticals 39
5.2.1 Global Hemp Oil Market, by Pharma & Nutraceuticals, 2016 – 2026 (US$ Mn) 39
5.3 Personal Care Products 40
5.3.1 Global Hemp Oil Market, by Personal Care Products, 2016 – 2026 (US$ Mn) 40
5.4 Industrial Uses 41
5.4.1 Global Hemp Oil Market, by Industrial Uses, 2016 – 2026 (US$ Mn) 41
5.5 Food & Beverages 42
5.5.1 Global Hemp Oil Market, by Pharma & Nutraceuticals, 2016 – 2026 (US$ Mn) 42

Chapter 6 Global Hemp Oil Market, by Geography 43
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Blog Medium: https://medium.com/@kumarganesh028/hemp-oil-market-35-8-cagr-2018-to-2026-global-industry-size-share-growth-trends-and-forecast-5de29a486ac0

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