CBD Hemp Oil Market Opportunities, Size, and Competitive Analysis till 2031

Coverage: CBD Hemp Oil Market covers analysis By Product (Hemp-based, Marijuana-based); Application (Neurological Pain, Multiple Sclerosis, Depression and Sleep Disorders, Others); Distribution Channel (Hospital and Retail Pharmacies, Online Channels, Independent Drug Stores), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00013756
  • Category : Life Sciences
  • No. of Pages : 150
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The CBD Hemp Oil Market is expected to register a CAGR of 22.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented by Product (Hemp-based, Marijuana-based); Application (Neurological Pain, Multiple Sclerosis, Depression and Sleep Disorders, Others)
; and Distribution Channels (Hospital and Retail Pharmacies, Online Channels, Independent Drug Stores). The global analysis is broken down at the regional level and for major countries. The market evaluation is presented in US$ for the above segmental analysis.

Purpose of the Report

The report CBD Hemp Oil Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

CBD Hemp Oil Market Segmentation

Product
  • Hemp-based
  • Marijuana-based
Application
  • Neurological Pain
  • Multiple Sclerosis
  • Depression and Sleep Disorders
Distribution Channel
  • Hospital and Retail Pharmacies
  • Online Channels
  • Independent Drug Stores

Strategic Insights

CBD Hemp Oil Market Growth Drivers
  • Rising Demand for Natural and Organic Products: The demand for natural and organic products is a primary driver behind the expansion of the CBD hemp oil market. Health-conscious people who care about the environment now prefer buying products made from plants without synthetic elements. The global CBD hemp oil market keeps expanding because customers now want more natural plant-based products. The popularity of CBD products keeps growing in different business sectors and health and wellness industries. Many people now use CBD oil as a natural remedy because it helps reduce pain and stress while improving sleep. Research shows that consumer demand for CBD hemp oil will keep increasing which will expand the market value. The wellness market will see CBD hemp oil take over more of the space as people choose it instead of pharmaceutical medicine. The market for CBD hemp oil will expand significantly because consumers now prefer natural wellness products. The business community will invest more in CBD because consumer education on CBD benefits will push up industry market share. Growing interest in CBD healing benefits and sustainable living will expand the market size of CBD hemp oil because people use it instead of pharmaceutical drugs.
  • Government Legalization and Regulatory Support: The CBD hemp oil market developed and expanded thanks to government laws and rules. The CBD hemp oil market size has grown rapidly because different regions and the United States now allow legal hemp production. The CBD product market keeps growing because new countries and states make hemp production legal. After the 2018 Farm Bill became law in the US it created a platform for CBD hemp oil to reach mainstream customers. The market value of CBD products will increase further because consumers trust CBD more when regulations get clearer and investors put money into CBD businesses. Hemp-based product acceptance creates more CBD oil sales opportunities and helps develop the entire hemp industry value chain. When more nations adopt favorable regulations for CBD hemp oil the global market share of this product will keep growing. The market will develop more as people in areas with relaxing cannabis laws want to buy legal CBD oil. The market for CBD hemp oil will keep growing because of supportive government rules which make this product a major part of global wellness and health industries.
  • Increased Investment and Innovation in CBD Products: The CBD hemp oil market grows faster because companies and investors put more money into developing new ideas. Companies invest more money into research and development to make better CBD products that suit many different customer groups. People now use CBD to create many different products including oils and tinctures as well as edibles and skincare items because they believe CBD can help them. The CBD industry will grow because businesses create many different CBD products for consumers. More businesses join the CBD market today because both experienced brands and fresh startup companies operate here now. Research shows that market growth will keep going up because consumers want more types of CBD products. Companies that make better delivery methods and effective formulations will earn more consumer trust and market dominance. Companies improve their CBD oil quality standards to build better trust with their customers. Companies that improve their CBD hemp oil products will create more demand in this market sector. When consumers discover CBD products tailored to their wellness needs the market will keep expanding.
CBD Hemp Oil Market Future Trends
  • Growing Popularity of CBD in Wellness and Beauty Products: A notable trend in the CBD hemp oil market is the increasing popularity of CBD-infused beauty and wellness products. People now use more CBD hemp oil products for health and beauty benefits. People now realize CBD helps their skin stay healthy so they use CBD products for skincare and cosmetics. The beauty sector's need for CBD will drive strong CBD hemp oil market growth. The market research shows CBD will take a bigger portion of both wellness and beauty industries because consumers want skincare products with natural anti-inflammatory and antioxidant ingredients. People use CBD because it eases skin discomfort and they trust it to enhance skin wellness while calming redness and retaining moisture. The market for CBD hemp oil will grow bigger because additional brands develop CBD-infused products. The beauty and personal care industries use more CBD products which drives market growth for CBD hemp oil worldwide. Businesses that create top-quality CBD-infused beauty products will gain market share as rising CBD usage in wellness and beauty drives industry growth.
  • Expansion of Distribution Channels: The CBD hemp oil market develops as businesses open new sales channels to customers. A company builds the CBD business better when they sell their products on different sales channels for their customers to purchase from. Businesses are expanding their CBD product distribution by working with pharmacies and wellness centers as well as selling online. As more areas accept legal CBD products the market will expand according to expert predictions. Many people now buy CBD oil online because E-commerce makes shopping for these products easy and comfortable. More online stores selling CBD hemp oil products will increase market share because customers like buying CBD products from their computers. The market will keep growing as more physical stores join the CBD hemp oil distribution network. The market for CBD products will experience more growth because people can now access them from different stores and product types.
  • Focus on Research and Development for Enhanced Products: New CBD hemp oil products emerge from major research and development investments. Companies spend large amounts of money on research to make CBD products work better and deliver more benefits to users. Our market growth will come from technological developments in delivery systems and extraction systems. Research and development programs will produce additional CBD products that work better according to industry market predictions. Enhancing how CBD products work inside the body will create better products that more people will want to use. Companies that deliver superior CBD products validated by science will gain dominance as the market expands. Scientific studies showing CBD's medical benefits will help people trust and use CBD more often. Research and Development activities will drive CBD hemp oil market growth because consumers want better products.
CBD Hemp Oil Market Opportunities
  • Product Diversification and Specialization: The CBD hemp oil business presents multiple ways to grow by expanding product options. Companies should expand their CBD product range as people demand more specific solutions and the CBD market expands. Our company creates specific CBD oil formulas to assist people who need help with anxiety, pain relief, skin problems, and sleeping difficulties. Companies can grow their business by creating specialized CBD oil products that match specific market demands. Market data shows premium and specialized CBD products will take over the market because customers now choose exact CBD products they want. Personalized products will lead to market growth through industry research and development. People want personalized wellness solutions so companies will create new ways to deliver CBD through drinks, beauty products and supplements. When businesses find specialized market segments they can enter they both grow their market share and help CBD hemp oil sales expand. The market will keep expanding thanks to businesses that focus on specific CBD hemp oil products while companies of all types gain new possibilities.
  • Increased Acceptance in the Pharmaceutical Sector: Pharmaceutical companies see CBD hemp oil as their biggest market development chance. Research findings about CBD's health benefits in treating pain and neurological disorders plus easing anxiety push pharmaceutical companies to test CBD as a medicine. The pharmaceutical sector will now develop FDA-approved CBD drugs which will bring medical-grade CBD oil into stores for public use. Market projections show CBD products can enter medical use which will create new opportunities that boost market growth. Healthcare providers will use pharmaceutical-grade CBD oil more often in their medical treatments which will cause the market share to increase. The CBD hemp oil market will grow faster thanks to its medical acceptance and CBD will establish itself as a major pharmaceutical industry player. CBD oil companies will gain better business chances by working with top pharmaceutical companies as new CBD drug rules develop. More research about CBD safety and medical benefits will make patients choose CBD products over traditional medical treatments. Market experts show that CBD hemp oil will expand because people use it instead of traditional medications to treat multiple medical conditions.
  • Strategic Partnerships and Mergers: The CBD hemp oil industry benefits from joint ventures and mergers as major growth drivers. Companies in this competitive market are making deals with partners at every stage of the supply chain from growing to delivering products. Companies team up to share knowledge and create better items while entering new markets together. When companies unite their assets with their distribution channels they can serve more customers and enter global markets more effectively. The market data shows that CBD hemp oil companies need to join forces to grow globally since many areas now allow cannabis product sales. Working with medical and wellness brands helps companies reach their target audience easier so they sell more products. Companies that merge or collaborate achieve better operations efficiency and lower expenses while expanding their product range which grows the market. As the CBD market develops these business partnerships help companies handle government rules better while following market changes quickly. The CBD hemp oil industry will keep seeing partnerships and mergers that boost its market development. By forming strategic alliances CBD hemp oil companies will boost their market presence and help this market sector expand permanently.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the CBD Hemp Oil Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the CBD Hemp Oil Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What is the expected CAGR of the CBD Hemp Oil Market?

The CBD Hemp Oil Market is estimated to witness a CAGR of 22.2% from 2025 to 2031.

What are the driving factors impacting the CBD Hemp Oil Market?

The major factors driving the CBD Hemp Oil Market are Rising Demand for Natural and Organic Products, Government Legalization and Regulatory Support, and Increased Investment and Innovation in CBD Products.

What are the future trends of the CBD Hemp Oil Market?

Future trends in the CBD Hemp Oil Market are the Growing Popularity of CBD in Wellness and Beauty Products, Expansion of Distribution Channels, and Strategic Partnerships and Mergers.

Which are the leading players in the CBD Hemp Oil Market?

Some of the players operating in the market are  CBD American Shaman, Aurora Cannabis, ENDOCA, FOLIUM BIOSCIENCES, NuLeaf Naturals, LLC, Canopy Growth Corporation, Elixinol Group, Medical Marijuana Inc., CV Sciences, Inc., Aphria Inc.

What are the deliverable formats of the CBD Hemp Oil Market report?

The report can be delivered in PDF/PPT format; we can also share an excel datasheet based on the request.

What are the options available for the customization of this report?

Some customization options available based on the request are an additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 CBD Hemp Oil Market - By Product
1.3.2 CBD Hemp Oil Market - By Application
1.3.3 CBD Hemp Oil Market - By Distribution Channel
1.3.4 CBD Hemp Oil Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CBD HEMP OIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CBD HEMP OIL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CBD HEMP OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. CBD HEMP OIL - GLOBAL MARKET OVERVIEW
6.2. CBD HEMP OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CBD HEMP OIL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. HEMP-BASED
7.3.1. Overview
7.3.2. Hemp-based Market Forecast and Analysis
7.4. MARIJUANA-BASED
7.4.1. Overview
7.4.2. Marijuana-based Market Forecast and Analysis
8. CBD HEMP OIL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. NEUROLOGICAL PAIN
8.3.1. Overview
8.3.2. Neurological Pain Market Forecast and Analysis
8.4. MULTIPLE SCLEROSIS
8.4.1. Overview
8.4.2. Multiple Sclerosis Market Forecast and Analysis
8.5. DEPRESSION AND SLEEP DISORDERS
8.5.1. Overview
8.5.2. Depression and Sleep Disorders Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. CBD HEMP OIL MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. HOSPITAL AND RETAIL PHARMACIES
9.3.1. Overview
9.3.2. Hospital and Retail Pharmacies Market Forecast and Analysis
9.4. ONLINE CHANNELS
9.4.1. Overview
9.4.2. Online Channels Market Forecast and Analysis
9.5. INDEPENDENT DRUG STORES
9.5.1. Overview
9.5.2. Independent Drug Stores Market Forecast and Analysis
10. CBD HEMP OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America CBD Hemp Oil Market Overview
10.1.2 North America CBD Hemp Oil Market Forecasts and Analysis
10.1.3 North America CBD Hemp Oil Market Forecasts and Analysis - By Product
10.1.4 North America CBD Hemp Oil Market Forecasts and Analysis - By Application
10.1.5 North America CBD Hemp Oil Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America CBD Hemp Oil Market Forecasts and Analysis - By Countries
10.1.6.1 United States CBD Hemp Oil Market
10.1.6.1.1 United States CBD Hemp Oil Market by Product
10.1.6.1.2 United States CBD Hemp Oil Market by Application
10.1.6.1.3 United States CBD Hemp Oil Market by Distribution Channel
10.1.6.2 Canada CBD Hemp Oil Market
10.1.6.2.1 Canada CBD Hemp Oil Market by Product
10.1.6.2.2 Canada CBD Hemp Oil Market by Application
10.1.6.2.3 Canada CBD Hemp Oil Market by Distribution Channel
10.1.6.3 Mexico CBD Hemp Oil Market
10.1.6.3.1 Mexico CBD Hemp Oil Market by Product
10.1.6.3.2 Mexico CBD Hemp Oil Market by Application
10.1.6.3.3 Mexico CBD Hemp Oil Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe CBD Hemp Oil Market Overview
10.2.2 Europe CBD Hemp Oil Market Forecasts and Analysis
10.2.3 Europe CBD Hemp Oil Market Forecasts and Analysis - By Product
10.2.4 Europe CBD Hemp Oil Market Forecasts and Analysis - By Application
10.2.5 Europe CBD Hemp Oil Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe CBD Hemp Oil Market Forecasts and Analysis - By Countries
10.2.6.1 Germany CBD Hemp Oil Market
10.2.6.1.1 Germany CBD Hemp Oil Market by Product
10.2.6.1.2 Germany CBD Hemp Oil Market by Application
10.2.6.1.3 Germany CBD Hemp Oil Market by Distribution Channel
10.2.6.2 France CBD Hemp Oil Market
10.2.6.2.1 France CBD Hemp Oil Market by Product
10.2.6.2.2 France CBD Hemp Oil Market by Application
10.2.6.2.3 France CBD Hemp Oil Market by Distribution Channel
10.2.6.3 Italy CBD Hemp Oil Market
10.2.6.3.1 Italy CBD Hemp Oil Market by Product
10.2.6.3.2 Italy CBD Hemp Oil Market by Application
10.2.6.3.3 Italy CBD Hemp Oil Market by Distribution Channel
10.2.6.4 Spain CBD Hemp Oil Market
10.2.6.4.1 Spain CBD Hemp Oil Market by Product
10.2.6.4.2 Spain CBD Hemp Oil Market by Application
10.2.6.4.3 Spain CBD Hemp Oil Market by Distribution Channel
10.2.6.5 United Kingdom CBD Hemp Oil Market
10.2.6.5.1 United Kingdom CBD Hemp Oil Market by Product
10.2.6.5.2 United Kingdom CBD Hemp Oil Market by Application
10.2.6.5.3 United Kingdom CBD Hemp Oil Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific CBD Hemp Oil Market Overview
10.3.2 Asia-Pacific CBD Hemp Oil Market Forecasts and Analysis
10.3.3 Asia-Pacific CBD Hemp Oil Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific CBD Hemp Oil Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific CBD Hemp Oil Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific CBD Hemp Oil Market Forecasts and Analysis - By Countries
10.3.6.1 Australia CBD Hemp Oil Market
10.3.6.1.1 Australia CBD Hemp Oil Market by Product
10.3.6.1.2 Australia CBD Hemp Oil Market by Application
10.3.6.1.3 Australia CBD Hemp Oil Market by Distribution Channel
10.3.6.2 China CBD Hemp Oil Market
10.3.6.2.1 China CBD Hemp Oil Market by Product
10.3.6.2.2 China CBD Hemp Oil Market by Application
10.3.6.2.3 China CBD Hemp Oil Market by Distribution Channel
10.3.6.3 India CBD Hemp Oil Market
10.3.6.3.1 India CBD Hemp Oil Market by Product
10.3.6.3.2 India CBD Hemp Oil Market by Application
10.3.6.3.3 India CBD Hemp Oil Market by Distribution Channel
10.3.6.4 Japan CBD Hemp Oil Market
10.3.6.4.1 Japan CBD Hemp Oil Market by Product
10.3.6.4.2 Japan CBD Hemp Oil Market by Application
10.3.6.4.3 Japan CBD Hemp Oil Market by Distribution Channel
10.3.6.5 South Korea CBD Hemp Oil Market
10.3.6.5.1 South Korea CBD Hemp Oil Market by Product
10.3.6.5.2 South Korea CBD Hemp Oil Market by Application
10.3.6.5.3 South Korea CBD Hemp Oil Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa CBD Hemp Oil Market Overview
10.4.2 Middle East and Africa CBD Hemp Oil Market Forecasts and Analysis
10.4.3 Middle East and Africa CBD Hemp Oil Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa CBD Hemp Oil Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa CBD Hemp Oil Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa CBD Hemp Oil Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa CBD Hemp Oil Market
10.4.6.1.1 South Africa CBD Hemp Oil Market by Product
10.4.6.1.2 South Africa CBD Hemp Oil Market by Application
10.4.6.1.3 South Africa CBD Hemp Oil Market by Distribution Channel
10.4.6.2 Saudi Arabia CBD Hemp Oil Market
10.4.6.2.1 Saudi Arabia CBD Hemp Oil Market by Product
10.4.6.2.2 Saudi Arabia CBD Hemp Oil Market by Application
10.4.6.2.3 Saudi Arabia CBD Hemp Oil Market by Distribution Channel
10.4.6.3 U.A.E CBD Hemp Oil Market
10.4.6.3.1 U.A.E CBD Hemp Oil Market by Product
10.4.6.3.2 U.A.E CBD Hemp Oil Market by Application
10.4.6.3.3 U.A.E CBD Hemp Oil Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America CBD Hemp Oil Market Overview
10.5.2 South and Central America CBD Hemp Oil Market Forecasts and Analysis
10.5.3 South and Central America CBD Hemp Oil Market Forecasts and Analysis - By Product
10.5.4 South and Central America CBD Hemp Oil Market Forecasts and Analysis - By Application
10.5.5 South and Central America CBD Hemp Oil Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America CBD Hemp Oil Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil CBD Hemp Oil Market
10.5.6.1.1 Brazil CBD Hemp Oil Market by Product
10.5.6.1.2 Brazil CBD Hemp Oil Market by Application
10.5.6.1.3 Brazil CBD Hemp Oil Market by Distribution Channel
10.5.6.2 Argentina CBD Hemp Oil Market
10.5.6.2.1 Argentina CBD Hemp Oil Market by Product
10.5.6.2.2 Argentina CBD Hemp Oil Market by Application
10.5.6.2.3 Argentina CBD Hemp Oil Market by Distribution Channel
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL CBD HEMP OIL MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Rest of the World
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. CBD HEMP OIL MARKET, KEY COMPANY PROFILES
13.1. CBD AMERICAN SHAMAN
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AURORA CANNABIS
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ENDOCA
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. FOLIUM BIOSCIENCES
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. NULEAF NATURALS, LLC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. CANOPY GROWTH CORPORATION
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. ELIXINOL GROUP
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. MEDICAL MARIJUANA INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. CV SCIENCES, INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. APHRIA INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies

1. CBD American Shaman
2. Aurora Cannabis
3. ENDOCA
4. FOLIUM BIOSCIENCES
5. NuLeaf Naturals, LLC
6. Canopy Growth Corporation
7. Elixinol Group
8. Medical Marijuana Inc.
9. CV Sciences, Inc.
10. Aphria Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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