CBD Hemp Oil Market is Projected to Surpass US$ 2.5 Bn by 2026
The global CBD hemp oil market was valued at US$ 972.5 Mn in 2017. It is projected to expand at a compound annual growth rate (CAGR) of 11.9% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “ CBD Hemp Oil Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. The report suggests that rising awareness regarding treatment procedures for depression and anxiety and high yield in cannabis production for medical usage is expected to boost the CBD hemp oil market in the near future. North America and Europe are projected to dominate the global market owing to increase in production of CBD hemp oil from cannabis & marijuana and the high rate of adoption of CBD hemp oil for treatment planning by doctors as well as patients. The market in Asia Pacific is projected to witness expansion at a significant growth rate during the forecast period. Expansion of the market in Asia Pacific is attribu...