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Global and United States THC-Free CBD Oil Market Report & Forecast 2022-2028
SKU ID : QYR-20992474 | Publishing Date : 27-May-2022 | No. of pages : 101
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CBD is a cannabinoid found in the cannabis plant. Research on CBD is in the early stages, and still ongoing. But some studies so far show that it has therapeutic potential. People may use CBD to help with pain, anxiety, insomnia, and more.
There are two types of THC-free CBD oil you can choose from: isolate and broad-spectrum.
Isolate CBD oil contains only CBD, which means you will have a form that’s completely free from THC. No true isolate oil should contain any THC or any other cannabinoid besides CBD.
Broad-spectrum CBD oils also lack THC, but they do contain other cannabinoids and cannabis compounds like terpenes and flavonoids.
Market Analysis and Insights: Global and United States THC-Free CBD Oil Market
This report focuses on global and United States THC-Free CBD Oil market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global THC-Free CBD Oil market size is estimated to be worth US$ 257.2 million in 2022 and is forecast to a readjusted size of US$ 962.4 million by 2028 with a CAGR of 24.6% during the review period. Fully considering the economic change by this health crisis, by Type, Isolate CBD Oil accounting for % of the THC-Free CBD Oil global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Pharmaceuticals Industry was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The global THC-free CBD oil market includes many companies. However, Charlotte's Web is in a dominant position in the production market.
Production of THC-free CBD oil mainly concentrates in North America and Europe. North America is the largest production base with about 60% production share. Europe holds over 35% production share. For consumption, the two regions are also the biggest ones, with 95% consumption share.
There are two types of THC-free CBD oil: isolate and broad-spectrum. Isolate CBD oil contains only CBD, which means you will have a form that’s completely free from THC.
Presently, Broad-spectrum CBD oils are the most widely used type and own over 65% market share.
Global THC-Free CBD Oil Scope and Market Size
THC-Free CBD Oil market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global THC-Free CBD Oil market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the THC-Free CBD Oil market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Isolate CBD Oil
Broad-Spectrum CBD Oil
Segment by Application
Pharmaceuticals Industry
Food Industry
Cosmetics Industry
Others
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Charlotte's Web
Candropharm
Medical Marijuana
Folium Biosciences
Mile High Labs
Green Roads
MH medical hemp
Treehouse
Essentia Pura
Kazmira
CBD American Shaman
Kanibi
There are two types of THC-free CBD oil you can choose from: isolate and broad-spectrum.
Isolate CBD oil contains only CBD, which means you will have a form that’s completely free from THC. No true isolate oil should contain any THC or any other cannabinoid besides CBD.
Broad-spectrum CBD oils also lack THC, but they do contain other cannabinoids and cannabis compounds like terpenes and flavonoids.
Market Analysis and Insights: Global and United States THC-Free CBD Oil Market
This report focuses on global and United States THC-Free CBD Oil market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global THC-Free CBD Oil market size is estimated to be worth US$ 257.2 million in 2022 and is forecast to a readjusted size of US$ 962.4 million by 2028 with a CAGR of 24.6% during the review period. Fully considering the economic change by this health crisis, by Type, Isolate CBD Oil accounting for % of the THC-Free CBD Oil global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Pharmaceuticals Industry was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The global THC-free CBD oil market includes many companies. However, Charlotte's Web is in a dominant position in the production market.
Production of THC-free CBD oil mainly concentrates in North America and Europe. North America is the largest production base with about 60% production share. Europe holds over 35% production share. For consumption, the two regions are also the biggest ones, with 95% consumption share.
There are two types of THC-free CBD oil: isolate and broad-spectrum. Isolate CBD oil contains only CBD, which means you will have a form that’s completely free from THC.
Presently, Broad-spectrum CBD oils are the most widely used type and own over 65% market share.
Global THC-Free CBD Oil Scope and Market Size
THC-Free CBD Oil market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global THC-Free CBD Oil market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the THC-Free CBD Oil market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Isolate CBD Oil
Broad-Spectrum CBD Oil
Segment by Application
Pharmaceuticals Industry
Food Industry
Cosmetics Industry
Others
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Charlotte's Web
Candropharm
Medical Marijuana
Folium Biosciences
Mile High Labs
Green Roads
MH medical hemp
Treehouse
Essentia Pura
Kazmira
CBD American Shaman
Kanibi
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
