-- In the newest report issued by Credence Research, Inc. “Global Hemp Oil Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global hemp oil market considered for US$ 80.67 Mn in 2017 and anticipated to touch US$ 1,253.95 Mn by 2026, growing at a CAGR of 35.8% from 2018 to 2026.
Market Insights
The global hemp oil market considered for US$ 80.67 Mn in 2017 and demanded to touch US$ 1,253.95 Mn by 2026, growing at a CAGR of 35.8% from 2018 to 2026. Hemp oil leads to the oil extracted from hemp seeds. Extracted oil largely used in skin care products, although industrial hemp oil used in the making of lubricants, fuel, paints and plastics. Presence of nutrients, essential fatty acids and antioxidants are ideal for skin; makes it perfect for healing and massage treatments. Furthermore, medicinal advantages obtained from the hemp oil supposed to stimulate the demand for hemp oil based products. The global hemp oil market has many changes in recent years and demanded to change significantly in the near future due to developments in production sources, changes 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 over the globe.
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Hemp oil gives relief from sleep disorders, chronic pain, anxiety, and nerve pain among others. Health advantages gained from hemp are resulting in the rise of the market for hemp oil in recent years. Additionally, expansion of the online distribution channel is also a significant factor, which is stimulating the growth of the global hemp oil market. The market has been segmented based on various product types and applications. Hemp seed oil overlooked the global market owing to the presence of nutrients, fatty acids in the oil and it can benefit to prevent major diseases such as cancer, diabetes and inflammation. Hemp oil is a source of plant-based protein and gives relief from anti-inflammatory conditions decreases cholesterol and promote proper health of the heart. Based on application, pharma and nutraceuticals dominated the market owing to the medicinal benefits obtained from hemp seed oil. For instance, hemp oil cures cancer without creating any side effects. The medical science strongly is in favor of hemp oil as the primary therapy for cancer
Over the years, global manufacturers concentrated on continuous research & development in order to develop new and innovative products. Companies such as Gaia Botanicals, Isodiol, and Medical Marijuana among others are concentrating on innovating new products and launch products on hemp oil. For instance, Medical Marijuana developed hemp oil vaporizer called HempVap, which gives the consumers to ease the side effects of diseases such as cancer, high blood pressure, anxiety, joint pain among others. Several companies also have launched hemp oil based anti-aging products and chewing gums, which are generating the opportunity to the global hemp oil market throughout the projection period. There were total 111 new product launches from 2008 to 2017 across the globe, which included hemp seed oil as an active ingredient.
Leading Players:
Medical Marijuna, Inc.,
PharmaHemp d.o.o.,
Hempco, ENDOCA B.V.,
Folium Biosciences LLC,
Hemp Oil Canada, Inc.
Bluebird Botanicals
Aurora Cannabis, Inc.,
Cannoid, LLC,
CV Science, Inc.,
Elixinol,
Isodiol International Inc.,
HempLife Today,
Browse the full report Global Hemp Oil Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/hemp-oil-market
ToC:
Chapter 3 Market Dynamics 27
3.1 Introduction 27
3.2 Market Dynamics 27
3.2.1 Market Drivers 27
3.2.1.1 Health Benefits Associated With Hemp Oil 27
3.2.1.2 Expansion of the online distribution channel 28
3.2.2 Market Restraints 28
3.2.2.1 Stringent regulation and policies 28
3.2.3 Market Opportunity 29
3.2.3.1 Product innovation is generating opportunity to the market during the forecast period 29
3.3 Attractive Investment Proposition, by Geography, 2017 29
Chapter 4 Global Hemp Oil Market, by Type 31
4.1 Overview 31
4.1.1 Global Hemp Oil Market Value Share, by Type, 2017 & 2026 (Value, %) 32
4.1.2 Attractive Investment Proposition, by Type, 2017 32
4.1.3 Global Hemp Oil Market, by Type, 2016 – 2026 (US$ Mn) 33
4.2 Hemp Seed Oil 34
4.2.1 Global Hemp Oil Market, by Hemp Seed Oil, 2016 – 2026 (US$ Mn) 34
4.3 Hemp CBD Oil 35
4.3.1 Global Hemp Oil Market, by Hemp CBD Oil, 2016 – 2026 (US$ Mn) 35
4.4 Hemp Essential Oil 36
4.4.1 Global Hemp Oil Market, by Hemp Essential Oil, 2016 – 2026 (US$ Mn) 36
Chapter 5 Global Hemp Oil Market, by Application 37
5.1 Overview 37
5.1.1 Global Hemp Oil Market Value Share, by Application, 2017 & 2026 (Value, %) 37
5.1.2 Global Hemp Oil Market, by Application, 2016 – 2026 (US$ Mn) 38
5.1.3 Attractive Investment Proposition, by Application, 2017 38
5.2 Pharma & Nutraceuticals 39
5.2.1 Global Hemp Oil Market, by Pharma & Nutraceuticals, 2016 – 2026 (US$ Mn) 39
5.3 Personal Care Products 40
5.3.1 Global Hemp Oil Market, by Personal Care Products, 2016 – 2026 (US$ Mn) 40
5.4 Industrial Uses 41
5.4.1 Global Hemp Oil Market, by Industrial Uses, 2016 – 2026 (US$ Mn) 41
5.5 Food & Beverages 42
5.5.1 Global Hemp Oil Market, by Pharma & Nutraceuticals, 2016 – 2026 (US$ Mn) 42
..........................toc continued
Browse the full report Global Hemp Oil Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/hemp-oil-market
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