February 21, 2020

Hemp Oil Market: Global Industry Size, Share, Growth, Trends, Analysis and Forecast 2018 to 2026

According to the latest report published by Credence Research, Inc. “Global Hemp Oil Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global market for hemp oil amounted to US$ 80.67 million in 2017 and is expected to reach US$ 1.253.95 million by 2026, increasing to CAGR by 35.8% from 2018 to 2026.

Market Insights

The global market for hemp oil amounted to US$ 80.67 million in 2017 and is expected to reach US$ 1.253.95 million by 2026, increasing to CAGR by 35.8 per cent from 2018 to 2026. Hemp oil refers to the oil obtained by pressing the hemp seeds. Extracted oil mainly used in skin care products, although industrial hemp oil used in the manufacture of paints, lubricants, fuel and plastics. The presence of nutrients, essential fatty acids and antioxidants is perfect for the skin, making it ideal for healing and massage treatments. In addition, medicinal benefits derived from hemp oil are expected to accelerate the demand for hemp oil based products. The global market for hemp oil has undergone several changes in recent years and is expected to change significantly in the near future due to developments in production sources, changes in consumer preferences and changes in trade policy settings. Hemp oil is becoming widely accepted by the food & beverage industry and by personal care products around the globe.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/hemp-oil-market

Hemp oil provides relief from chronic pain, sleep disorders, anxiety, and nervous pain, among others. Health benefits derived from hemp have resulted in an increase in demand for hemp oil in recent years. In addition, the expansion of the online distribution channel is also a major factor accelerating the growth of the global market for hemp oil. The market was segmented on the basis of different product types and applications. Hemp seed oil has dominated the global market due to the presence of nutrients, fatty acids in oil and can help prevent major diseases such as cancer, diabetes and inflammation. Hemp oil is a source of plant-based protein and provides relief from anti-inflammatory conditions that reduces cholesterol and promotes healthy heart conditions. On the basis of the application, pharmaceuticals and nutraceuticals dominated the market due to medicinal benefits derived from hemp seed oil. For example, hemp oil cures cancer without causing any side effects. Medical science is strongly in favor of hemp oil as primary cancer therapy Over the years, global manufacturers have focused on continuous research and development in order to develop new and innovative products. Companies such as Gaia Botanicals, Isodiol and Medical Marijuana, among others, are focusing on innovating new products and launching products for hemp oil. For example, Medical Marijuana has developed a hemp oil vaporizer called HempVap, which helps consumers to reduce the side effects of diseases such as cancer, anxiety, joint pain, high blood pressure, among others. In addition, several companies have also launched anti-aging hemp oil products and chewing gums that provide opportunities for the global market for hemp oil during the forecast period. There were a total of 111 new product launches worldwide from 2008 to 2017, containing hemp seed oil as an active ingredient.

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.

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59283

 [Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Product Type Segment

  • Hemp Seed Oil
  • Hemp CBD Oil
  • Hemp Essential Oil

By Application Segment

  • Pharma & Nutraceuticals
  • Personal Care Products
  • Industrial Uses
  • Food & Beverages

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • What are the current market trends in the hemp oil market and valuable opportunities for the players?
  • How the regulations affect global as well as the regional markets?
  • Which are the prominent and recent innovations in the market?
  • Which is the most lucrative region for investment?
  • What is the market size and trends in emerging markets?
  • Which are the major applications of hemp oil and their market sizes?
  • Which are the leading players and their market position?

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59283

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