According to the latest report published by Credence Research, Inc. “Global Hemp Oil Market accounted for US$ 80.67 Mn in 2017 and expected to reach US$ 1,253.95 Mn by 2026, expanding at a CAGR of 35.8% from 2018 to 2026.
The Hemp Oil market report provides separate complete analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2018 through 2026.Market data and analytics are derived from primary and secondary research.
The global hemp oil market accounted for US$ 80.67 Mn in 2017 and expected to reach US$ 1,253.95 Mn by 2026, expanding at a CAGR of 35.8% from 2018 to 2026. Hemp oil refers to the oil obtained by pressing the seeds of hemp. Extracted oil mainly used in skin care products, although industrial hemp oil used in production of paints, lubricants, fuel and plastics. Presence of nutrients, essential fatty acids and antioxidants are perfect for skin; makes it ideal for healing and massage treatments. Moreover, medicinal benefits derived from the hemp oil expected to accelerate the demand for hemp oil based products.
The global hemp oil market has several changes in recent years and expected to change significantly in the near future due to developments in production sources, shifts in consumer preferences adjustments to trade policy settings. Hemp oil is gaining significant adoption among food & beverages industry and as well as in personal care products across the globe.
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Aurora Cannabis, Inc., Cannoid, LLC, CV Science, Inc., Elixinol, Isodiol International Inc., HempLife Today, Medical Marijuna, Inc., PharmaHemp d.o.o., Hempco, ENDOCA B.V., Folium Biosciences LLC, Bluebird Botanicals and Hemp Oil Canada, Inc. among others are some of the prominent players in global Hemp Oil market.
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This report offers high-quality insights and is the outcome of detailed research methodology including extensive secondary research, accurate primary interviews with industry stakeholders and validation and triangulation with Research’s internal database and statistical tools. More than 2,000 authenticated secondary sources, such as company’s annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. More than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts have been executed to obtain both the qualitative and quantitative insights.
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The report defines, describes, and forecasts the global Hemp Oil market by type, application, gas, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also includes various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market surveys in terms of value, and future trends in the Hemp Oil market.
This report presents market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Hemp Oil Market structure: Overview, industry life cycle analysis, supply chain analysis
- Hemp Oil Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Hemp Oil Market trend and forecast analysis
- Hemp Oil Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Hemp Oil market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Why buy this report?
- The report identifies and addresses key markets for Hemp Oil, which would help manufacturers review the growth in demand.
- The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
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