According to a new market research report published by Credence Research “Combi Ovens Market (By Power Type (Electric and Gas), By End-User (Restaurants, Individuals, Hotels, Bakery and Others (Confectionary, Offices, etc.))By Geography (North America, Europe, Asia Pacific and Rest of World (RoW))) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall combi ovens market worldwide is set to grow with 10.6% CAGR during the forecast period. Market Insights Growing food industry and increasing penetration of microwave ovens worldwide are the major driving factors for the growth of combi ovens market. Global microwave ovens market was estimated at around…
Cannabidiol (CBD) oil market Analysis: Projected to Grow at a CAGR of 32.5% During 2019 to 2027
March 2, 2021 | by admin |
Market Insights
The CBD oil market is expected to grow at a CAGR of 32.5% during the forecast period from 2019 to 2027, starting from US$ 534.4 Mn in 2018.
“New product launches by top manufacturers support the growth of the market”
Cannabidiol oil is gaining importance due to a variety of oil-related benefits. CBD helps reduce chronic pain, relieves stress and improves heart health. Rising expenditure on healthcare worldwide promotes the growth of the market. In addition, the use of CBD oil as a major ingredient in body and skincare products promotes market growth. As per the research conducted by Hexo Corp in North America suggests that in the year 2018, CBD sales in the U.S. accounts for around US$ 2 billion, the report also suggests that the sales of CBD will increase five times by the year 2025. Additionally, research studies s