(MENAFN– PR Newswire)
NEW YORK, June 2, 2022 /PRNewswire/ — The CBD oil market estimates a market value of USD 3.97 billion from 2021 to 2026 as per the latest market forecast report by Technavio. In addition, the report projects the market to progress at a CAGR of 26.43% . 38% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for CBD oil in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and APAC regions. The growing awareness of the health benefits of CBD oil products and the increasing number of states legalizing the use of marijuana products in the US will facilitate the CBD oil market growth in North America over the forecast period.
Technavio has announced its latest market research report titled
CBD Oil Market by Product and Geography – Forecast and Analysis 2022-2026
For more highlights on the region segment – Download a sample now!
CBD Oil Market: Segmentation Analysis
Technavio market research report segments the CBD oil market by Product (Marijuana-derived CBD oil and Hemp-derived CBD oil) and Geography (North America, South America, Europe, APAC, and the Middle East and Africa).
The CBD oil market share growth in the Marijuana-derived CBD oil segmen t will be significant for revenue generation. Marijuana-derived CBD oil products are only sold to consumers…