Global Cannabis Oil Market Latest Trend, Growth, Size, Application & Forecast 2023
Date: 2019-02-14   Author: Partha Ray  Category: #industry

Global Cannabis Oil Market Latest Trend, Growth, Size, Application & Forecast 2023

The worldwide market for Cannabis Oil is expected to grow at a CAGR of roughly 55.5% over the next five years, will reach 1410 million US$ in 2023, from 100 million US$ in 2017, according to a new study.

Cannabis oil is from the marijuana plant (cannabis indicas). The oil is extracted from the leaves of the cannabis plant. It contains high levels of THC. It is used for medicinal purposes and as a recreational drug. ,Cannabis oil reached considerable popularity when a man in Canada named Rick Simpson began distributing this concentrate, albeit illegally, as a medicine. Rick's oil (commonly known as "Rick Simpson oil") brought the long studied knowledge about the anti-tumor and various medicinal properties of cannabis to the mainstream.

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Global major cannabis oil production regions are USA, Canada and Europe. Canada is the largest production region, which produced 1071.6 kilo bottles in 2017, accounting for 52.66%. USA is the second largest production region, with production of 778.9 kilo bottles in 2017.

Questions answered in the report with respect to the competitive hierarchy of the Cannabis Oil market:

  • As per the report, what are the companies that are encompassed in the competitive landscape of the Cannabis Oil market?
  • Which among these companies – Select Oil, K.I.N.D. Concentrates, Canopy Growth Corporation, Aphria, Emblem Cannabis Oils, Whistler, The Lab and Absolute Terps, has been touted to emerge as the most lucrative investment hub in this market?
  • How much share do each of these firms procure in the Cannabis Oil market?
  • What are the principal products manufactured by these companies in the industry?
  • What are the gross margins and price trends of each firm in the market?

Questions answered in the report with respect to the regional expanse of the Cannabis Oil market:

  • Which among the regions of North America, Europe, Asia-Pacific, South America & Middle East and Africa is likely to accrue the maximum market share?
  • What are the sales and revenue statistics of each of the geographies in question?
  • How much is the present valuation of each region and what will the forecast revenue of each place be pegged at
  • What is the projected growth rate touted to be recorded by each of the geographies in Cannabis Oil market?

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Questions answered in the report with respect to the market segmentation and more:

  • Which among the types of Organic Cannabis Oil and Non-Organic Cannabis Oil is slated to amass the maximum returns in the Cannabis Oil market?
  • What is the market share of each type in the industry?
  • What is the revenue and sales estimate of each of the product types in question by the end of the anticipated timeframe?
  • Which application among Recreational and Medical is touted to be the most lucrative segment in the + market?
  • How much is the market share of every application segment in this business vertical?
  • How much is the revenue that each application is likely to procure by the end of the projected period?

The Cannabis Oil market study, in a nutshell, is comprised of an extensive analysis of this industry vertical that focuses on the regional terrain of this market and a slew of other deliverables such as insights with respect to market share, revenue projection, sales volume, market concentration rate as well as the market competition trends. Further, the report incorporates information regarding the sales channels adopted by myriad vendors in a bid to ensure the most convenient manner of product marketing. Details with regards to the contribution of traders & distributors in the supply chain are elucidated in the study as well.

For More Details On this Report: https://www.marketstudyreport.com/reports/global-cannabis-oil-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023

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About Author


Partha Ray

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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