CBD (cannabinoid) is extracted from cannabis hemp plant leaves, flowers, and stems using two extraction methods, i.e., by removing the CBD and turning it into an isolate and using full-spectrum CBD. Today, hemp-derived CBD oil is used in a range of applications, especially in the medical sector, for pain relief and treating arthritis, joint pain, neuropathic conditions, skin conditions, and other medical conditions. Apart from this, it is used in personal care, supplements, textile, and other industries.
After CBD, Cannabis, and hemp, being legalized in more and more regions are grabbing attention from e-commerce platforms in North America and Europe. Global trend leaning toward shopping for food products, nutritional products, cosmetic products, and pharmaceuticals on e-commerce websites and platforms is one of the significant factors for providing an impetus to the demand for hemp-derived CBD Oil.
The Closedown of offline stores against the backdrop of COVID-19 has turned regular offline consumers towards online stores, aiding the increasing demand for hemp-derived CBD Oil on e-commerce platforms. According to our analysis, e-commerce websites across Asia-Pacific and North America have experienced 25% more traffic and a substantial rise in demand for cosmetic and nutritional products with hemp-derived CBD Oil. Hemp-derived CBD oil sales through e-commerce bring forth a number of opportunities for manufacturers to enhance their revenues and, subsequently, profit margins.
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