Market Overview:
The global pharmaceutical grade hemp oil market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for CBD oil products and the legalization of cannabis in various countries. Pharmaceutical grade hemp oil is used in various applications such as candy, baked goods, fried foods, and others. North America dominates the global pharmaceutical grade hemp oil market due to the early adoption of cannabis-based products and favorable regulatory scenario for CBD products. However, Asia Pacific is expected to grow at a higher CAGR during the forecast period owing to rising awareness about benefits associated with CBD use and increasing legalization of cannabis in this region.
Product Definition:
Pharmaceutical grade hemp oil is a high-quality, unrefined oil made from the stalk of the hemp plant. It's used to make CBD products and has a higher concentration of CBD than other oils. The importance of pharmaceutical grade hemp oil is that it has a very high concentration of CBD, which makes it effective in treating various medical conditions.
Cow Ghee:
Ghee is an Indian word for clarified butter. It's a type of dairy fat that has been extracted from whole milk and then processed to separate the curd ( whey ) and butterfat (suitable for human consumption). The end product contains about 80% saturated fat, which is considered beneficial for cardiovascular health as it reduces blood cholesterol levels.
Sheep Ghee:
Sheep Ghee is a mixture of animal fat and oil. It is obtained from sheep that are specially raised for their fatty acids and other valuable nutrients. The product has high nutritional value as it contains omega 6 & omega 3 fatty acids, which help in reducing inflammation along with lowering blood pressure levels.
Application Insights:
The global pharmaceutical grade hemp oil market is segmented by application into candy, baked goods, fried, and others. Candy held the largest share of over 40% in 2017. The growing use of cannabis-based products for the treatment of medical conditions such as epilepsy is one of the major factors driving this segment growth. Increasing awareness about the benefits associated with CBD is also likely to contribute to its demand in candy applications.
Bakery products are expected to be among the fastest-growing segments during forecast years due to increasing consumption of bread and other baked goods containing hemp oil extracts. These products are considered a rich source for natural antioxidants and omega 6 & 3 fatty acids which offer health benefits when consumed in moderation like any other food product would do so. Moreover, rising consumer awareness regarding their health conditions owing to increased concerns regarding obesity will further boost product demand during estimated timeframes 2030 CE onward.
Regional Analysis:
Europe was the largest regional market in 2017 owing to growing consumer awareness regarding health, fitness, and nutrition. Moreover, new product developments by companies in this region are expected to have a positive impact on industry growth over the forecast period. Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 due to high demand for dietary supplements and food products free of gluten. China is projectededto play a key rolein drivingthe hemp oilsegment of APAC with its large population base suffering from digestive disorders due to change in eating habits and increasing disposable income levels coupled with rising health consciousness among consumers.
Growth Factors:
- Increasing demand for hemp oil from the pharmaceutical and nutraceutical industries as a result of its various health benefits.
- Growing awareness about the health benefits of hemp oil among consumers is expected to drive its demand in the near future.
- Rising popularity of CBD-based products is projected to boost the growth of the global pharmaceutical grade hemp oil market in the coming years.
- The increasing use of hemp oil in various medical applications is likely to propel market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pharmaceutical Grade Hemp Oil Market Research Report
By Type
Cow Ghee, Sheep Ghee
By Application
Candy, Baked Goods, Fried, Others
By Companies
Amul, Saras, Bhole Baba, Verka
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Pharmaceutical Grade Hemp Oil Market Report Segments:
The global Pharmaceutical Grade Hemp Oil market is segmented on the basis of:
Types
Cow Ghee, Sheep Ghee
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Candy, Baked Goods, Fried, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amul
- Saras
- Bhole Baba
- Verka
Highlights of The Pharmaceutical Grade Hemp Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cow Ghee
- Sheep Ghee
- By Application:
- Candy
- Baked Goods
- Fried
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pharmaceutical Grade Hemp Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pharmaceutical grade hemp oil is made from the highest quality, organically grown hemp plants. The oil is cold-pressed and has a very high concentration of CBD.
Some of the key players operating in the pharmaceutical grade hemp oil market are Amul, Saras, Bhole Baba, Verka.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pharmaceutical Grade Hemp Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pharmaceutical Grade Hemp Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pharmaceutical Grade Hemp Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pharmaceutical Grade Hemp Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pharmaceutical Grade Hemp Oil Market Size & Forecast, 2020-2028
4.5.1 Pharmaceutical Grade Hemp Oil Market Size and Y-o-Y Growth
4.5.2 Pharmaceutical Grade Hemp Oil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cow Ghee
5.2.2 Sheep Ghee
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Candy
6.2.2 Baked Goods
6.2.3 Fried
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pharmaceutical Grade Hemp Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pharmaceutical Grade Hemp Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cow Ghee
9.6.2 Sheep Ghee
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Candy
9.10.2 Baked Goods
9.10.3 Fried
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cow Ghee
10.6.2 Sheep Ghee
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Candy
10.10.2 Baked Goods
10.10.3 Fried
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cow Ghee
11.6.2 Sheep Ghee
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Candy
11.10.2 Baked Goods
11.10.3 Fried
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cow Ghee
12.6.2 Sheep Ghee
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Candy
12.10.2 Baked Goods
12.10.3 Fried
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cow Ghee
13.6.2 Sheep Ghee
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Candy
13.10.2 Baked Goods
13.10.3 Fried
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pharmaceutical Grade Hemp Oil Market: Competitive Dashboard
14.2 Global Pharmaceutical Grade Hemp Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amul
14.3.2 Saras
14.3.3 Bhole Baba
14.3.4 Verka
