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    CBD Hemp Oil Market

    ID: MRFR/Pharma/5039-HCR
    100 Pages
    Rahul Gotadki
    October 2025

    CBD Hemp Oil Market Research Report Information By Source (hemp and marijuana), By distribution channel (B2B, B2C, hospital pharmacies, online, retail Stores), By end-user (medical, chronic pain, mental disorders, cancer), By personal use (wellness, pharmaceuticals, food & beverages, personal care & Cosmetics and nutraceuticals), and By region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2035

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    CBD Hemp Oil Market Infographic
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    CBD Hemp Oil Market Summary

    As per MRFR analysis, the CBD Hemp Oil Market Size was estimated at 2.22 USD Billion in 2024. The CBD Hemp Oil industry is projected to grow from 2.562 USD Billion in 2025 to 10.74 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 15.41 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The CBD Hemp Oil Market is experiencing robust growth driven by evolving consumer preferences and regulatory advancements.

    • Consumer awareness regarding the benefits of CBD hemp oil is increasing, particularly in North America, the largest market.
    • The Asia-Pacific region is emerging as the fastest-growing market, fueled by rising interest in natural health products.
    • The hemp segment remains the largest contributor to the market, while the marijuana segment is witnessing rapid growth.
    • Key market drivers include the rising demand for natural remedies and the expansion of retail channels, which are reshaping consumer access.

    Market Size & Forecast

    2024 Market Size 2.22 (USD Billion)
    2035 Market Size 10.74 (USD Billion)
    CAGR (2025 - 2035) 15.41%

    Major Players

    Charlotte's Web (US), CV Sciences (US), Medterra (US), Green Roads (US), Hemp Bombs (US), NuLeaf Naturals (US), Pure Spectrum (US), Joy Organics (US)

    CBD Hemp Oil Market Trends

    The CBD Hemp Oil Market is currently experiencing a notable evolution, driven by increasing consumer awareness regarding the potential health benefits associated with hemp-derived products. This market appears to be expanding as more individuals seek natural alternatives for wellness and self-care. The growing acceptance of CBD oil in various sectors, including beauty, food, and pharmaceuticals, suggests a diversification of applications that could enhance market growth. Furthermore, regulatory frameworks are gradually becoming more favorable, which may encourage new entrants and innovation within the industry. In addition, the rise of e-commerce platforms is transforming how consumers access CBD hemp oil products. Online sales channels provide convenience and a broader selection, which seems to resonate well with a tech-savvy demographic. As the market continues to mature, it is likely that consumer preferences will shift towards high-quality, sustainably sourced products. This trend indicates a potential for brands to differentiate themselves through transparency and ethical practices, ultimately shaping the future landscape of the CBD Hemp Oil Market.

    Increased Consumer Awareness

    There is a growing recognition among consumers regarding the potential therapeutic benefits of CBD hemp oil. This heightened awareness is likely to drive demand as individuals seek natural remedies for various health concerns.

    Regulatory Developments

    The evolving regulatory landscape surrounding CBD products appears to be becoming more favorable. This shift may facilitate market entry for new companies and encourage innovation, potentially leading to a broader range of products.

    E-commerce Growth

    The expansion of online retail channels is transforming the way consumers purchase CBD hemp oil. This trend suggests that convenience and accessibility are becoming increasingly important to consumers, influencing their buying decisions.

    CBD Hemp Oil Market Drivers

    Expansion of Retail Channels

    The CBD Hemp Oil Market is benefiting from the expansion of retail channels, which enhances product accessibility for consumers. Traditional brick-and-mortar stores, alongside online platforms, are increasingly stocking CBD products, thereby reaching a wider audience. This trend is supported by the growing acceptance of CBD in mainstream retail, with many health and wellness stores dedicating shelf space to CBD offerings. As of 2025, it is estimated that the number of retail outlets carrying CBD products has increased significantly, contributing to the overall growth of the CBD Hemp Oil Market and facilitating consumer engagement.

    Changing Consumer Preferences

    The CBD Hemp Oil Market is significantly influenced by changing consumer preferences, particularly among younger demographics who prioritize wellness and sustainability. This shift is reflected in the increasing demand for organic and ethically sourced products, as consumers become more discerning about the ingredients in their health and wellness products. The trend towards transparency and sustainability is prompting companies to adopt more responsible sourcing practices, which may enhance brand loyalty. As these preferences evolve, the CBD Hemp Oil Market is expected to adapt, leading to a more competitive landscape that prioritizes consumer values.

    Innovative Product Development

    Innovation within the CBD Hemp Oil Market is a critical driver, as companies continuously develop new formulations and delivery methods to cater to diverse consumer preferences. This includes the introduction of CBD-infused beverages, edibles, and topical applications, which appeal to a broader audience. The market is witnessing a shift towards premium products that emphasize quality and efficacy, with consumers willing to pay a premium for perceived benefits. As a result, the CBD Hemp Oil Market is likely to see an influx of novel products, enhancing competition and potentially leading to increased market share for innovative brands.

    Increased Investment and Funding

    Investment in the CBD Hemp Oil Market is on the rise, as venture capitalists and private equity firms recognize the potential for substantial returns. This influx of capital is enabling companies to scale operations, enhance research and development, and expand marketing efforts. The market is witnessing a trend where established companies are acquiring smaller startups to diversify their product lines and strengthen their market position. As investment continues to flow into the CBD Hemp Oil Market, it is likely to foster innovation and accelerate growth, positioning the industry for long-term success.

    Rising Demand for Natural Remedies

    The CBD Hemp Oil Market is experiencing a notable surge in demand for natural remedies as consumers increasingly seek alternatives to conventional pharmaceuticals. This trend is driven by a growing awareness of the potential therapeutic benefits of CBD, which is believed to alleviate various health issues such as anxiety, chronic pain, and inflammation. According to recent estimates, the market for CBD products is projected to reach approximately 20 billion USD by 2025, indicating a robust growth trajectory. As consumers prioritize holistic health approaches, the CBD Hemp Oil Market is likely to expand, attracting both new and established players aiming to meet this rising demand.

    Market Segment Insights

    CBD Hemp Oil Market Source Insights

    In the  CBD hemp oil’s market segmentation, the source type is segmented into Hemp and Marijuana. The marijuana segment dominates the market due to the growing acceptance of refined CBD products combined with the rising legalization of Marijuana. Products from Marijuana for various medical applications are driving growth in this segment. Moreover, the high effectiveness of the cannabidiol obtained from Marijuana is a key factor in capturing a large market share with respect to the  CBD hemp oil market revenue.

    However, the hemp segment to expected to show a significant rise owing to the rising demand from the pharmaceutical sector and increasing awareness among consumers regarding health, Thus it will have a positive impact on the CBD hemp oil.

    Figure 2:  CBD Hemp Oil Market, by Source, 2023 & 2032 (USD billion)Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    CBD Hemp Oil Market Distribution Channel Insights

    The  CBD hemp oil segmentation is based on B2B, B2C, hospital pharmacies, and online and retail stores. The business-to-business segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period owing increase in the number of bulk or wholesale cannabidiol oil providers and an increase in the demand for CBD hemp oil as a raw material. Hence, the rising legalization of CBD products implants for positive impact on the market growth of the CBD hemp oils.

    CBD Hemp Oil Market End User Insights

    The  CBD hemp oil market data is based on end-users; this market is segmented into medical, chronic pain, mental disorders, and cancer. The mental disorders segment dominated the market in 2022 and is expected to be the faster-growing segment during the forecast period, 2023-2030. CBD helps in reducing various psychiatric symptoms like anxiety and insomnia and medical symptoms such as patients suffering from pain with substance use disorders, showing that CBD may be an effective treatment for opioid addiction.

    November 2021: Nextleaf Solutions launched Distilled CBD 100 Oil & Distilled CBD 200 Oil under the Company’s prohibition-era brand Glacial Gold in Canada. This approval has further broadened the growth opportunity for the CBD hemp oil industry.

    CBD Hemp Oil Market Personal Use Insights

    CBD Hemp Oil Market Personal Use Insights

    Based on personal use, the CBD hemp oil industry has been segmented into pharmaceuticals, wellness, food & beverages, personal care & cosmetics, nutraceuticals, and others. The pharmaceuticals segment is expected to witness the fastest growth over the study period. This instantly progressive transformation of cannabidiol from herbal preparations to prescription drugs is projected to enhance the market growth.

    Further, rising awareness regarding the medical benefits of cannabidiol, including its healing properties, is expected to drive product demand in the pharmaceutical industry. And thus contributing to the CBD hemp oil industry.

    Get more detailed insights about CBD Hemp Oil Market

    Regional Insights

    North America : Market Leader in CBD Oil

    North America is the largest market for CBD hemp oil, accounting for approximately 60% of the global market share. The region's growth is driven by increasing consumer awareness, favorable regulations, and a growing trend towards natural remedies. The U.S. leads this market, followed by Canada, which holds around 15% of the market share. Regulatory support, including the 2018 Farm Bill, has catalyzed the expansion of CBD products across various states. The competitive landscape in North America is robust, featuring key players such as Charlotte's Web, CV Sciences, and Medterra. These companies are leveraging innovative marketing strategies and product diversification to capture consumer interest. The presence of established distribution channels and e-commerce platforms further enhances market accessibility. As consumer demand continues to rise, the market is expected to see sustained growth, with new entrants also emerging to capitalize on this lucrative sector.

    Europe : Emerging Market for CBD Oil

    Europe is rapidly emerging as a significant player in the CBD hemp oil market, currently holding about 20% of the global market share. The growth is fueled by increasing legalization of hemp-derived products and rising consumer interest in wellness and natural health solutions. Countries like Germany and the UK are leading the market, with Germany accounting for nearly 10% of the total market share. Regulatory frameworks are evolving, with the European Commission providing guidelines that support market expansion. The competitive landscape in Europe is characterized by a mix of local and international players. Companies such as Endoca and Cibdol are gaining traction, focusing on high-quality, organic products. The market is also witnessing an influx of startups that are innovating in product offerings, including edibles and cosmetics infused with CBD. As regulations continue to adapt, the European market is poised for significant growth, attracting investments and fostering innovation.

    Asia-Pacific : Emerging Powerhouse in CBD

    The Asia-Pacific region is witnessing a burgeoning interest in CBD hemp oil, driven by increasing health consciousness and a shift towards natural remedies. Countries like Australia and New Zealand are at the forefront, with Australia holding a significant share of the market. The region currently accounts for approximately 10% of the global market share, with expectations for rapid growth as regulations become more favorable. The rise of e-commerce and online retailing is also contributing to market accessibility. The competitive landscape in Asia-Pacific is still developing, with a mix of local and international brands entering the market. Key players are focusing on product education and consumer awareness to drive adoption. As the regulatory environment evolves, more companies are expected to enter the market, enhancing competition and innovation. The region's unique cultural perspectives on health and wellness are likely to shape product offerings, making it a dynamic market to watch.

    Middle East and Africa : Untapped Potential in CBD Market

    The Middle East and Africa (MEA) region presents untapped potential in the CBD hemp oil market, currently holding about 5% of the global market share. The growth is primarily driven by increasing interest in natural health products and changing consumer attitudes towards cannabis. Countries like South Africa are leading the way, with regulatory changes that are beginning to support the use of CBD products. As awareness grows, the market is expected to expand significantly in the coming years. The competitive landscape in MEA is still in its infancy, with few established players. However, local startups are beginning to emerge, focusing on organic and ethically sourced products. The region's unique cultural and regulatory challenges present both opportunities and hurdles for market entry. As regulations continue to evolve, the MEA market is likely to attract more investment and innovation, paving the way for future growth.

    CBD Hemp Oil Market Regional Image

    Key Players and Competitive Insights

    Major market players are spending a lot of money on research and development to boost their product lines, which will further assist the CBD hemp oils rising even more. Competitors are also taking a variety of strategic initiatives to grow their worldwide trace, with key market developments such as the new launch of products, partnerships, mergers and acquisitions, increased investments, and collaboration with other companies. Participants in the CBD hemp oil industry must offer cost-effective items to enlarge and survive in the highly competitive and rising market environment.

    One of the primary business strategies adopted by producers in the CBD hemp oil industry to benefit clients and capture the market sector is to produce locally to reduce costs. In recent years, the CBD hemp oil industry provided oils with some of the most significant benefits. The CBD hemp oil markets’ major players, such as ENDOCA and NuLeaf Naturals LLC and others, are working to capture the market demand by investing in R&D activities.

    In 2014, NuLeaf Naturals was formed by a group of health-conscious plant medicine aficionados. It is one of America's great pioneering cannabinoid wellness companies. Their vision is to open the way for a line of CBD wellness products that promote a healthy body and mind. The ultimate purpose is to help people and their loved ones have a happier and healthier life.

    Endoca was founded in 2010, and it was one of the world's first CBD oil companies to start selling CBD products online. They believed that their premium products and extensive hemp plant knowledge enabled them to provide the world with great hemp extracts that harness the goodness found directly in nature. For instance, in August 2021, Endoca, the leading organic CBD oil company, made an announcement to title sponsorship of a Times Square takeover on National CBD Day, presented by Sublime Communications powered by Five Tier, Inc.

    Key Companies in the CBD Hemp Oil Market market include

    Industry Developments

    January 2021: Nano Hydrate has unveiled marketing services leveraging advanced technologies to provide natural healing through branding services of pharmaceutical-grade cannabidiol (CBD). Furthermore, Nano Hydrate aims to create a collaborative program that would allow them to introduce existing brands to the market for niche CBD products while enlarging options for cannabis-infused beverages to the cannabis industry.

    January 2021: Next leaf has been allowed a patent by the U.S. Trademark and Patent Office for a process that contributes to the Company's dynamic and growing U.S. patent portfolio resulting in a solventless cannabis concentrate.

    September 2021: Aurora Cannabis Inc. introduced Bidiol, the medical cannabis oil in Uruguay that is wholly produced domestically. The CBD oil is available in 3% and 10% concentrations and comes in 10mL and 30mL bottles, available in pharmacies across the country.

    Future Outlook

    CBD Hemp Oil Market Future Outlook

    The CBD Hemp Oil Market is projected to grow at a 15.41% CAGR from 2024 to 2035, driven by increasing consumer awareness, regulatory advancements, and expanding applications in wellness and beauty sectors.

    New opportunities lie in:

    • Development of targeted marketing strategies for niche consumer segments.
    • Expansion into international markets with tailored product offerings.
    • Investment in R&D for innovative formulations and delivery methods.

    By 2035, the CBD Hemp Oil Market is expected to achieve substantial growth and diversification.

    Market Segmentation

    CBD Hemp Oil Market Source Outlook

    • Hemp
    • Marijuana

    CBD Hemp Oil Market End User Outlook

    • Medical
    • Chronic Pain
    • Mental Disorders
    • Cancer

    CBD Hemp Oil Market Personal Use Outlook

    • Pharmaceuticals
    • Wellness
    • Food & Beverages
    • Personal Care & Cosmetics
    • Nutraceuticals

    CBD Hemp Oil Market Distribution Channel Outlook

    • B2B
    • B2C
    • Hospital Pharmacies
    • Online
    • Retail Stores

    Report Scope

    MARKET SIZE 20242.22(USD Billion)
    MARKET SIZE 20252.562(USD Billion)
    MARKET SIZE 203510.74(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)15.41% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesGrowing consumer demand for natural wellness products drives innovation in the CBD Hemp Oil Market.
    Key Market DynamicsRising consumer demand for natural wellness products drives innovation and competition in the CBD Hemp Oil Market.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Rahul Gotadki
    Assistant Manager

    He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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    FAQs

    What is the current valuation of the CBD Hemp Oil Market as of 2024?

    The CBD Hemp Oil Market was valued at 2.22 USD Billion in 2024.

    What is the projected market valuation for the CBD Hemp Oil Market in 2035?

    The market is projected to reach a valuation of 10.74 USD Billion by 2035.

    What is the expected CAGR for the CBD Hemp Oil Market during the forecast period 2025 - 2035?

    The expected CAGR for the CBD Hemp Oil Market during the forecast period 2025 - 2035 is 15.41%.

    Which companies are considered key players in the CBD Hemp Oil Market?

    Key players in the market include Charlotte's Web, CV Sciences, Medterra, Green Roads, Hemp Bombs, NuLeaf Naturals, Pure Spectrum, and Joy Organics.

    How does the market segment for Hemp compare to Marijuana in terms of valuation?

    Both the Hemp and Marijuana segments are projected to grow from 1.11 USD Billion in 2024 to 5.37 USD Billion by 2035.

    What are the projected valuations for the B2C and B2B distribution channels by 2035?

    The B2C distribution channel is expected to reach 4.0 USD Billion, while the B2B channel is projected to grow to 2.5 USD Billion by 2035.

    What is the anticipated market size for medical applications of CBD Hemp Oil by 2035?

    The market for medical applications is projected to grow from 0.89 USD Billion in 2024 to 4.3 USD Billion by 2035.

    How is the personal care and cosmetics segment expected to perform by 2035?

    The personal care and cosmetics segment is anticipated to grow from 0.32 USD Billion in 2024 to 1.5 USD Billion by 2035.

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