Download Technavio has announced its latest market research report titled Global CBD Oil Market 2020-2024 (Graphic: Business Wire) Technavio has announced its latest market research report titled Global CBD Oil Market 2020-2024 (Graphic: Business Wire) Full Size Small Preview Thumbnail Full Size Small Preview Thumbnail October 02, 2020 03:00 PM Eastern Daylight Time LONDON--(BUSINESS WIRE)--Technavio has been monitoring the cbd oil market and it is poised to grow by USD 3.52 bn during 2020-2024, progressing at a CAGR of over 32% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The #Global CBD Oil Market will grow by USD 3.52 bn during 2020-2024, according to @TechnavioTweet this Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization The market is concentrated, and the degree of concentration will accelerate during the forecast period. Aurora Cannabis Inc., Canopy Growth Corp., CBD American Shaman LLC, CV Sciences Inc., Elixinol Global Ltd., ENDOCA BV, Gaia Botanicals LLC, Isodiol International Inc., Medical Marijuana Inc., and NuLeaf Naturals LLC. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Health benefits of CBD oil has been instrumental in driving the growth of the market. Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts CBD Oil Market 2020-2024: Segmentation CBD Oil Market is segmented as below: Product Marijuana-derived CBD Oil Hemp-derived CBD Oil Geographic Landscape APAC Europe MEA North America South America CBD Oil Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cbd oil market report covers the following areas: CBD Oil Market Size CBD Oil Market Trends CBD Oil Market Industry Analysis This study identifies growing legalization of cannabis-based products as one of the prime reasons driving the CBD oil market growth during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform CBD Oil Market 2020-2024: Key Highlights CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will assist CBD oil market growth during the next five years Estimation of the CDC oil market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the CDC oil market Analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of CDC oil market, vendors Table of Contents: PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT Preface Currency conversion rates for US$ PART 03: MARKET LANDSCAPE Market ecosystem Market characteristics Market segmentation analysis PART 04: MARKET SIZING Market definition Market sizing 2019 Market size and forecast 2019-2024 PART 05: FIVE FORCES ANALYSIS Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition PART 06: MARKET SEGMENTATION BY PRODUCT Market segmentation by product Comparison by product Marijuana-derived CBD oil - Market size and forecast 2019-2024 Hemp-derived CBD oil - Market size and forecast 2019-2024 Market opportunity by product PART 07: CUSTOMER LANDSCAPE PART 08: GEOGRAPHIC LANDSCAPE Geographic segmentation Geographic comparison North America - Market size and forecast 2019-2024 South America - Market size and forecast 2019-2024 Europe - Market size and forecast 2019-2024 APAC - Market size and forecast 2019-2024 MEA - Market size and forecast 2019-2024 Key leading countries Market opportunity PART 09: DECISION FRAMEWORK PART 10: DRIVERS AND CHALLENGES Market drivers Market challenges PART 11: MARKET TRENDS Growing legalization of cannabis-based products Exponential online retail growth Increasing frequency of mergers and acquisitions PART 12: VENDOR LANDSCAPE Overview Landscape disruption Competitive scenario PART 13: VENDOR ANALYSIS Vendors covered Vendor classification Market positioning of vendors Aurora Cannabis Inc. Canopy Growth Corp. CBD American Shaman LLC CV Sciences Inc. Elixinol Global Ltd. ENDOCA BV Gaia Botanicals LLC Isodiol International Inc. Medical Marijuana, Inc. NuLeaf Naturals LLC PART 14: APPENDIX Research methodology List of abbreviations Definition of market positioning of vendors PART 15: EXPLORE TECHNAVIO About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: // Add toggle of sharing section var internalToggle = new BWToggle("bw-release-internal", "#bw-release-internal h2", "#bw-internal-content"); internalToggle.set(false);