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The CBD oil market size is forecast to increase by USD 7.06 billion at a CAGR of 28.26% between 2023 and 2028. The market is experiencing significant growth, driven by several key trends. The increasing consumption of cannabis among the millennial population in developed countries is a major growth factor. Additionally, the legalization of cannabis-based products in various regions is fueling market expansion. However, the market also faces challenges, including the potential adverse effects of CBD oil products due to overconsumption. CBD's incorporation into various industries, such as wellness, beauty, and food and beverage has significantly broadened its consumer base. These effects can range from mild symptoms such as dizziness and diarrhea to more serious ones like liver damage and interactions with other medications. Producers and regulators must address these concerns through education and stricter regulations to ensure consumer safety and maintain market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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