Europe CBD Oil Market 2022: Industry Share, Trends, Growth, Analysis and Forecast 2027

According to the latest report by IMARC Group, titled “Europe CBD Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The Europe CBD oil market is expected to exhibit a CAGR of 21.2% during 2022-2027.

Cannabidiol (CBD) is a non-psychoactive compound obtained from resins, leaves, and flowers of the marijuana or hemp plant. To produce CBD oil, cannabidiol is extracted from the cannabis plant and is diluted with a carrier oil, such as coconut oil. CBD oil has a high content of amino acids, iron, fiber, zinc, etc. Besides having moderating effects on depression, anxiety, insomnia, seizures, etc., the oil is also used to relieve pain, improve heart health, alleviate cancer-related symptoms, treat acne, etc.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The increasing legalization of cannabidiol across several European countries is primarily driving the market for CBD oil. Moreover, the rising prevalence of various neurological and psychiatric disorders is also catalyzing the product demand for treating such ailments. In line with this, CBD oil-infused supplements are being increasingly adopted in cancer treatment to minimize the side effects of chemotherapy, like weight loss, nausea, fatigue, etc. Additionally, the advancing pharmaceutical industry and the increasing use of bioactive ingredients in drugs are further bolstering the product demand. Besides this, the escalating usage of CBD oil in cosmetics and personal care products due to its anti-inflammatory and anti-aging properties is expected to further strengthen the Europe CBD oil market in the coming years.

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 with Key Player:

  • Aurora Cannabis

  • Diamond CBD Inc

  • ENDOCA

  • APHRIA IncConnOils LLC
    Elixinol Glbal Limited
    Emblem C

  • NNABIS

  • NuLeaf Naturals, LLC

  • CBD Ultra Limited

  • The Original Alternative Limited

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Key highlights of the report:

  • Market Performance (2016-2021)

  • Market Outlook (2022- 2027)

  • Porter’s Five Forces Analysis

  • Market Drivers and Success Factors

  • SWOT Analysis

  • Value Chain

  • Comprehensive Mapping of the Competitive Landscape

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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