Cannabidiol (CBD) Oil Market Trends

• Increased research activities accelerated the demand for CBD-based products, driving market expansion. For instance, a research study published in August 2022 in EurekAlert highlighted the efficacy of cannabidiol (CBD) in reducing treatment-resistant anxiety among young individuals. The study indicated a significant reduction in anxiety severity and impairment after 12 weeks of CBD treatment.
  
• Similarly, ongoing R&D activities, such as a study from Michigan University published in June 2021, showcasing CBD's effectiveness in managing pain among fibromyalgia patients, are expected to further enhance the acceptance of CBD oil-based products. Thus, the rising research activities by expanding therapeutic applications of CBD-based products is expected to exhibit opportunities for the expansion of the CBD oil market.