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A Fun, Colorful Look at the History of Cannabinoid Oil

Do you love digging into the past, and learning more about how your country, city or town evolved? Well, if you're a history buff, here's one interesting historical track that I could suggest to you, and it's the development of (drum roll please) – cannabinoid oil! Regardless of whether you're a junkie or not, the good thing is that not all stuff that's derived from the lowly marijuana plant are all bad, and the oil derived from hemp is a good example of it. Read more to find out the colorful history of this amazing natural compound. 

The Use of Cannabis Was Recorded Even During the Ancient Times

Well, if you think that cbd oil a fairly recent development, think again. According to historians of hemp, the use of cannabis was documented even during the ancient times, from using hemp fabric for clothing to utilizing weed for religious and cultural rites.  

In ancient China for example, records of hemp's medical use cited drinking hemp tea for treating malaria, gout and rheumatism. In ancient Egypt, weed as also used for pain relief, as well as for treating cough and cold, jaundice and tumors.   

Cannabis Use Grew in the 1700's and 1800's

By the 1700's, the use of marijuana was recorded both in the east and west. Medical journals in the US and the United Kingdom were already promoting the many medical benefits of hemp, with some even presenting it as a treatment for an assortment of health conditions.

By the 1800's, a doctor in Ireland named William Brooke O'Shaughnessy strongly advocated using marijuana as a medicine, and he event went to India to do further research on the pharmacological benefits of cbd oil.   

In Victorian-era England, cannabis slowly gained a following not just among junkies, but among medical professionals as well, where it was widely promoted for treating seizures and convulsions, as well as for arthritis and rheumatism. In a couple more years, hemp oil became the go-to cure for  health issues like nausea, insomnia, migraines, fever and more.     

CBD Was Successfully Extracted From Hemp in 1940

While marijuana was already used by both health experts and junkies for centuries already, it was only in the 1940's that cbd oil was successfully extracted from hemp.  A professor from the University of Illinois in the United States named Roger Adams was the first individual to have successfully extracted the oil from weed, although he did not know that his experiment was successful until a few years afterward.   

In 1946, the very first laboratory test on cannabinoid oil was made on lab animals by a doctor named Walter S. Loewe. The lab test further cemented the fact that the hemp-derived oil did not cause any negative or psychotic effects on the brain. 

Today, cbd oil is now used in a wide array of ways. You can now see this oil being used in vaping and food production, as well as a health supplement in capsule and gel form. In fact, observers even say that the cannabinoid oil industry could grow to a whopping $3.1 billion dollars by 2021!

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If the present drugs that you are using in your ailment are not helping in your recovery and cannabis oil can be an alternative cure for it, then your general doctor can prescribe it to you legally or there are specialist clinics across Australia that will help you in acquiring the drug legally through little protocol. Cannabis oil is popularly also known as ‘Medical Marijuana’.

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Nutraceutical Ingredients Market Will Hit Big Revenues In Future

The nutraceutical ingredients market is estimated to be valued at USD 162.1 billion in 2020 and is projected to reach USD 227.5 billion by 2025, at a CAGR of 7.0% from 2020 to 2025. The growth of the nutraceutical ingredients market is driven by factors such as growth in the demand for fortified food owing to the increasing health consciousness amongst consumers. Key drivers for the market’s growth include increasing incidences of chronic diseases worldwide and mandates on food fortification by government organizations.

On the basis of application, the dietary supplements segment is projected to be one of the fastest growing segments for the nutraceutical ingredients market. Dietary supplements offer general health benefits such as improvement in the balance of the gut microflora, improvement of intestinal functions such as bulking and regularity, increased calcium absorption & improvement in bone density, enhancement of immune function, reduction in the release of toxins that can lead to fatty liver and other diseases, reduced risk of cardiovascular diseases, control of blood sugar, possible reduction of risk of obesity & metabolic syndrome, and improvement in abdominal pain, bloating, and constipation.

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On the basis of form, dry segment is considered to be one of the fastest-growing segment in the nutraceutical ingredients market. A number of nutraceutical ingredients that are used in the dry form are vitamins, amino acids, prebiotic & probiotic premixes, proteins, and some minerals such as zinc and folic acid. These ingredients are extracted in dry form from several sources. For instance, vitamin C is extracted from acerola plant, protein powder, and fiber and amino acid from the hemp plant. As a result of the increasing demand for dietary supplements and functional foods in dry form, manufacturing companies are offering products in dry form; these are either available in the form of capsules or compressed into tablets.

Asia Pacific is the fastest-growing market for nutraceutical ingredients and is projected to record the highest CAGR during the forecast period. The Asia Pacific market is completely driven by India, which accounted for nearly 31.5% of the market share in 2019. The country is also projected to be the fastest-growing country in the region for nutraceutical ingredients due to changing lifestyles and dietary patterns and growing awareness about nutrition. Further, rising hospitalization cost is also driving the consumer demands for supplements and other nutrients such as vitamins and minerals, to maintain their health. Consumers in the country are now willing to spend an additional amount for fortified products, which has increasingly helped manufacturers of nutraceutical ingredients to find a substantial market opportunity.

The key players in the nutraceutical ingredients market include Associated British Foods (Uk), Arla Foods (Denmark), DSM (Netherlands), Ingredion Incorporated (US), Tate & Lyle PLC (UK), Ajinomoto Co., Inc. (Japan), Tate & Lyle (Ireland), Chr. Hansen (Denmark), Kyowa Hakko Kirin Group (Japan), Glanbia plc (Ireland), Fonterra Co-operative Group Ltd. (New Zealand), Cargill (US), ADM (US), DuPont (US), BASF (Germany) are the players that hold a significant share in the nutraceutical ingredients market.

Associated British Foods (UK) is a major player in the nutraceutical ingredients market. Associated British Foods was previously known as Food Investments Ltd. and changed its name in 1982. The company is engaged in the processing and manufacturing of food, ingredients, and retailing. It operates through five business segments, namely, sugar, agriculture, retail, grocery, and ingredients. The ingredients segment manufactures bakers’ yeast, bakery ingredients, and yeast extracts. The company offers nutraceutical ingredients through the ingredients segment.

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The organization operates through its subsidiaries, such as AB Agri (UK), AB Mauri (UK), ABF Vista (UK), ABF Ingredients (UK), ABITEC Corporation (US), SPI Pharma (US), and Ohly (Germany). Among all subsidiaries of the company, ABF Ingredients (UK), ABITEC Corporation, and Ohly (Germany) holds significant market positions in the Americas, Europe, and Asia. SPI Pharma (US), is one of the prominent suppliers to the pharmaceutical, nutraceutical, and animal health products worldwide.

DSM is a global science-based company operating in the health, nutrition, and materials business. The company operates through five segments—nutrition, materials, innovation center, corporate activities, and partnerships. Its nutrition segment includes DSM Nutritional Products and DSM Food Specialties. The nutrition and food specialty segment of the company caters to different end-use application industries, such as food, feed, nutraceutical, infant nutrition, personal care, and pharmaceutical. The company offers nutritional supplements, such as vitamins, carotenoids, nutritional lipids, omega acids, premixes, and astaxanthin for both human and animal nutrition. These products are developed under its DSM Nutritional Products business. The company offers its nutraceutical ingredient products for the dietary supplements and food & beverage industry.

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The nutraceutical ingredients market is estimated to be valued at USD 162.1 billion in 2020 and is projected to reach USD 227.5 billion by 2025, at a CAGR of 7.0% from 2020 to 2025. The growth of the nutraceutical ingredients market is driven by factors such as growth in the demand for fortified food owing to the increasing health consciousness amongst consumers. Key drivers for the market’s growth include increasing incidences of chronic diseases worldwide and mandates on food fortification by government organizations. On the basis of application, the dietary supplements segment is projected to be one of the fastest growing segments for the nutraceutical ingredients market. Dietary supplements offer general health benefits such as improvement in the balance of the gut microflora, improvement of intestinal functions such as bulking and regularity, increased calcium absorption & improvement in bone density, enhancement of immune function, reduction in the release of toxins that can lead to fatty liver and other diseases, reduced risk of cardiovascular diseases, control of blood sugar, possible reduction of risk of obesity & metabolic syndrome, and improvement in abdominal pain, bloating, and constipation. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1319 On the basis of form, dry segment is considered to be one of the fastest-growing segment in the nutraceutical ingredients market. A number of nutraceutical ingredients that are used in the dry form are vitamins, amino acids, prebiotic & probiotic premixes, proteins, and some minerals such as zinc and folic acid. These ingredients are extracted in dry form from several sources. For instance, vitamin C is extracted from acerola plant, protein powder, and fiber and amino acid from the hemp plant. As a result of the increasing demand for dietary supplements and functional foods in dry form, manufacturing companies are offering products in dry form; these are either available in the form of capsules or compressed into tablets. Asia Pacific is the fastest-growing market for nutraceutical ingredients and is projected to record the highest CAGR during the forecast period. The Asia Pacific market is completely driven by India, which accounted for nearly 31.5% of the market share in 2019. The country is also projected to be the fastest-growing country in the region for nutraceutical ingredients due to changing lifestyles and dietary patterns and growing awareness about nutrition. Further, rising hospitalization cost is also driving the consumer demands for supplements and other nutrients such as vitamins and minerals, to maintain their health. Consumers in the country are now willing to spend an additional amount for fortified products, which has increasingly helped manufacturers of nutraceutical ingredients to find a substantial market opportunity. The key players in the nutraceutical ingredients market include Associated British Foods (Uk), Arla Foods (Denmark), DSM (Netherlands), Ingredion Incorporated (US), Tate & Lyle PLC (UK), Ajinomoto Co., Inc. (Japan), Tate & Lyle (Ireland), Chr. Hansen (Denmark), Kyowa Hakko Kirin Group (Japan), Glanbia plc (Ireland), Fonterra Co-operative Group Ltd. (New Zealand), Cargill (US), ADM (US), DuPont (US), BASF (Germany) are the players that hold a significant share in the nutraceutical ingredients market. Associated British Foods (UK) is a major player in the nutraceutical ingredients market. Associated British Foods was previously known as Food Investments Ltd. and changed its name in 1982. The company is engaged in the processing and manufacturing of food, ingredients, and retailing. It operates through five business segments, namely, sugar, agriculture, retail, grocery, and ingredients. The ingredients segment manufactures bakers’ yeast, bakery ingredients, and yeast extracts. The company offers nutraceutical ingredients through the ingredients segment. Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1319 The organization operates through its subsidiaries, such as AB Agri (UK), AB Mauri (UK), ABF Vista (UK), ABF Ingredients (UK), ABITEC Corporation (US), SPI Pharma (US), and Ohly (Germany). Among all subsidiaries of the company, ABF Ingredients (UK), ABITEC Corporation, and Ohly (Germany) holds significant market positions in the Americas, Europe, and Asia. SPI Pharma (US), is one of the prominent suppliers to the pharmaceutical, nutraceutical, and animal health products worldwide. DSM is a global science-based company operating in the health, nutrition, and materials business. The company operates through five segments—nutrition, materials, innovation center, corporate activities, and partnerships. Its nutrition segment includes DSM Nutritional Products and DSM Food Specialties. The nutrition and food specialty segment of the company caters to different end-use application industries, such as food, feed, nutraceutical, infant nutrition, personal care, and pharmaceutical. The company offers nutritional supplements, such as vitamins, carotenoids, nutritional lipids, omega acids, premixes, and astaxanthin for both human and animal nutrition. These products are developed under its DSM Nutritional Products business. The company offers its nutraceutical ingredient products for the dietary supplements and food & beverage industry.

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Nutraceutical Ingredients Market by Type (Probiotics, Proteins, Amino Acids, Phytochemicals & Plant Extracts, Fibers & Specialty Carbohydrates), Application (Food, Beverages, Animal Nutrition, Dietary Supplements), Form, and Region - Global Forecast to 2025 published on

https://www.sandlerresearch.org/nutraceutical-ingredients-market-by-type-probiotics-proteins-amino-acids-phytochemicals-plant-extracts-fibers-specialty-carbohydrates-application-food-beverages-animal-nutrition-dietary.html

Nutraceutical Ingredients Market by Type (Probiotics, Proteins, Amino Acids, Phytochemicals & Plant Extracts, Fibers & Specialty Carbohydrates), Application (Food, Beverages, Animal Nutrition, Dietary Supplements), Form, and Region - Global Forecast to 2025

“The nutraceutical ingredients market is projected to grow at a CAGR of 7.0%.”

The nutraceutical ingredients market is estimated to be valued at USD 162.1 billion in 2020 and is projected to reach USD 227.5 billion by 2025, at a CAGR of 7.0% from 2020 to 2025.The growth of the nutraceutical ingredients market is driven by factors such as growth in the demand for fortified food owing to the increasing health consciousness amongst consumers. Key drivers for the market’s growth include increasing incidences of chronic diseases worldwide and mandates on food fortification by government organizations.

“The probiotic segment for nutraceutical ingredients is estimated to account for the largest share in 2020.”

The nutraceutical ingredients markets, by type, is estimated to be dominated by the probiotic segment in 2020. Probiotic ingredients have witnessed positive effects on the overall human health and are becoming one of the essential ingredients for various health & nutritional applications. Owing to which there is a wide range of probiotic-based applications in the functional food, functional beverage, dietary supplement, and animal nutritional industries.

“The food segment for nutraceutical ingredients is estimated to account for the largest share in 2020”

The nutraceutical ingredients market, by application, is estimated to be dominated by the food segment in 2020. With the increasing awareness among consumers, the market for nutraceutical-based food is increasing as consumers prefer balanced diets and food that not only satisfies their hunger but also takes health into consideration. Therefore, the growth of the nutraceutical food market is widening its applications and creating growth opportunities for the nutraceutical ingredients market.

“The dry segment for nutraceutical ingredients is estimated to account for the largest share in 2020.”

The nutraceutical ingredients market, by form, is estimated to be dominated by the dry segment in 2020. A number of nutraceutical ingredients that are used in the dry form are vitamins, amino acids, prebiotic & probiotic premixes, proteins, and some minerals such as zinc and folic acid. These ingredients are extracted in dry form from several sources. For instance, vitamin C is extracted from acerola plant, protein powder, and fiber and amino acid from the hemp plant. As a result of the increasing demand for dietary supplements and functional foods in dry form, manufacturing companies are offering products in dry form; these are either available in the form of capsules or compressed into tablets.

“Asia Pacific is projected to witness significant growth in the nutraceutical ingredients market.”

Busy lifestyles have led to an increase in the consumption of convenience food products and the rapid economic growth of countries in the region, which has driven the demand for fortified nutritional food & beverage products in the region. The application of nutraceutical ingredients is projected to increase at a rapid rate in the region due to a surge in demand and the presence of a large consumer base for food, beverages, dietary supplements, personal care products, and feed.

The breakdown of primaries on the basis of company type, designation, and region is as follows:

By Company Type: Tier I: 70%, Tier II: 20%, and Tier III: 10%

By Designation: D Level: 50%, C Level: 10%,Manager Level: 40%

By Region: North America: 20%, Europe: 30%, Asia Pacific: 30%, and RoW: 20%

The key nutraceutical ingredients manufacturing players include the following:

Associated British Foods (Uk)

Arla Foods (Denmark)

DSM (Netherlands)

Ingredion Incorporated (US)

Tate & Lyle PLC (UK)

Ajinomoto Co., Inc. (Japan)

Tate & Lyle (Ireland)

Chr. Hansen (Denmark)

Kyowa Hakko Kirin Group (Japan)

Glanbia plc (Ireland)

Fonterra Co-operative Group Ltd. (New Zealand)

Cargill (US)

ADM (US)

DuPont (US)

BASF (Germany)

The key players in the nutraceutical ingredients market adopted expansions and product launches as their key growth strategies to increase their market share and profits. Acquisitions accounted for the second most important growth strategy to be adopted by market players.

Research Coverage

The report analyzes the nutraceutical ingredients market along with nutraceutical ingredients market across different types and regions. It aims at estimating the market size and future growth potential of this market across different segments such as health benefits (cognitive health, gut health, heart health, bone health, immunity, nutrition, weight management, and others);type (probiotic, proteins and amino acids, phytochemical & plant extracts, fibers & specialty carbohydrates, omega 3 fatty acids, vitamins, prebiotic, carotenoids, minerals, and others); application (food, beverages, personal care, animal nutrition and dietary supplement);form (dry and liquid) and region. The report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

Reasons to buy this report:

To get a comprehensive overview of the global nutraceutical ingredients market

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In an interview with iol, Verve Dynamics’ director Richard Davies stated “ We have been dealing with Afro-botanicals with a medicinal application for the last 15 years. Cannabis has been a product of interest to us for some time due to its medical potential. However, due to the illegality of it in South Africa we have not had access to it.”

Luckily, Lesotho granted a license for medical marijuana Canada to Davies’ company. The use of this natural substance is still not legalised in several African countries including South Africa and Lesotho. However, Lesotho’s decision paves the way for future reforms in the country and around the continent. According to Verve dynamics, Lesotho’s decision makes this country “a pioneer on the African continent”.

The deal between the Lesotho government and Verve Dynamics came after a long procedure that included visits by Lesotho officials and police to the premises of Verve Dynamics. The Lesotho authorities were very diligent and thorough in their approach. This license provided work opportunities for 40 Basotho farmers to legally grow and process cannabis which will later be turned into capsules and tinctures by the company. The deal has three phases with the first phase revolving around paying farmers R30 million to secure good manufacturing conditions.

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Our continent provides 25% of global cannabis production with five African countries reaching the top 30 list of buy cannabis online.

Lesotho paves the way for legal cannabis production

In an interview with iol, Verve Dynamics’ director Richard Davies stated “ We have been dealing with Afro-botanicals with a medicinal application for the last 15 years. Cannabis has been a product of interest to us for some time due to its medical potential. However, due to the illegality of it in South Africa we have not had access to it.”

Luckily, Lesotho granted a license for medical marijuana Canada to Davies’ company. The use of this natural substance is still not legalised in several African countries including South Africa and Lesotho. However, Lesotho’s decision paves the way for future reforms in the country and around the continent. According to Verve dynamics, Lesotho’s decision makes this country “a pioneer on the African continent”.

The deal between the Lesotho government and Verve Dynamics came after a long procedure that included visits by Lesotho officials and police to the premises of Verve Dynamics. The Lesotho authorities were very diligent and thorough in their approach. This license provided work opportunities for 40 Basotho farmers to legally grow and process cannabis which will later be turned into capsules and tinctures by the company. The deal has three phases with the first phase revolving around paying farmers R30 million to secure good manufacturing conditions.

The landlocked kingdom of Lesotho recently allowed a South African phyto extractions and nutraceutical ingredients processing firm to buy medical marijuana online.

Africa is not only one of the highest producers of cannabis, it also has one of the highest consumption rates. Production of cannabis on the continent differ from one country to another, some countries produce cannabis resin, others produce cannabis herb, Marijuana or hemp. If the illicit market of cannabis becomes legal, the continent will experience an economic boost because this plant has the potential to be a valuable export crop. The illicit market already exports to Western Europe. 99% of cannabis consumed in Ireland comes from South Africa. Swaziland exports’ its cannabis to the United Kingdom, the United States, the Netherlands and Japan. Nigeria, Senegal, Kenya and Ghana are also important exporters despite the illegal status of the plant.

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At The Hemp Company, we meticulously curate every item in our store to ensure it meets our stringent quality standards. Our team of experts handpicks each product, taking pride in sharing our profound love for hemp and CBD with you. With decades of experience, we are dedicated to guiding you towards a brighter and healthier future. Shop now!

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