Cannabis Oil Market Status, Demand, Future Forecast, Industry Challenges and Opportunities to 2023

Husain

Latest Survey On Cannabis Oil Market 

The worldwide market for Cannabis Oil is expected to grow at a CAGR of roughly 55.5% over the next five years, will reach 1410 million US$ in 2023, from 100 million US$ in 2017

The global Cannabis Oil market report provides an in-depth analysis of the Cannabis Oil industry, analyzing the potential of the market and also provides data and forecasts on the market structure, dynamics, and trends.

Cannabis oil is from the marijuana plant (cannabis indicas). The oil is extracted from the leaves of the cannabis plant. It contains high levels of THC. It is used for medicinal purposes and as a recreational drug.

Cannabis oil reached considerable popularity when a man in Canada named Rick Simpson began distributing this concentrate, albeit illegally, as a medicine. Rick’s oil (commonly known as “Rick Simpson oil”) brought the long studied knowledge about the anti-tumor and various medicinal properties of cannabis to the mainstream.

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Global major cannabis oil production regions are USA, Canada and Europe. Canada is the largest production region, which produced 1071.6 kilo bottles in 2017, accounting for 52.66%. USA is the second largest production region, with production of 778.9 kilo bottles in 2017.

The market report is defined by the presence of a large number of leading players and new entrants, including but not limited to platform providers, service providers, device manufacturers, developers, and content providers.

The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The Cannabis Oil market report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The segments and sub-segment of the market are explained in details.

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Top Key Players Covered in this report Select Oil, K.I.N.D. Concentrates, Canopy Growth Corporation, Aphria, Emblem Cannabis Oils, Whistler, The Lab, Absolute Terps,
Market Segment by Regions, regional analysis covers, North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa),

Market Segment by Type, covers, Organic Cannabis Oil, Non-Organic Cannabis Oil,
Market Segment by Applications, can be divided into, Recreational, Medical,
The scope of the report: This research report presents an extensive study of the market and comprises significant insights, facts, previous data, and statistically-supported and industry-validated market facts and projections with an appropriate set of methodologies and assumptions. It provides analysis and data on the basis of market segments and sub-segments, regions, product type, and distribution channels.

What the report offers:

• Market Overview for the Global Cannabis Oil Market and the identification of the market dynamics, including growth drivers, restraints, challenges, and potential opportunities for the market.
• Market analysis for the Global Cannabis Oil Market, with competitive landscape and geographic analysis on a global and regional scale.
• Determination of different factors responsible for changing the market landscape, rising future opportunities and determination of leading players, which can affect the market on a regional scale.
• Company profiles of the leading competitors along with their strategic initiatives and market shares.
• Determination and analysis of the macro- and microeconomic factors that affect the Global Cannabis Oil Market, as per the regional analysis.

In the end, This report is an assimilation of trustworthy and updated information, quantitative and qualitative evaluation by industry analysts, inputs from industry professionals and leading competitors across the industrial value chain. 
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