CBD Hemp Oil Market
Report ID: SQMIG10G2034
Report ID: SQMIG10G2034
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Report ID:
SQMIG10G2034 |
Region:
Global |
Published Date: June, 2025
Pages:
178
|Tables:
89
|Figures:
68
Global CBD Hemp Oil Market size was valued at USD 2.08 Billion in 2024 and is poised to grow from USD 2.41 Billion in 2025 to USD 7.67 Billion by 2033, growing at a CAGR of 15.6% during the forecast period (2026–2033).
The CBD hemp oil market is poised for significant expansion, driven by the escalating legalization of hemp-derived products. In response to growing consumer demand, companies are innovatively developing an array of cannabidiol offerings such as edibles, topicals, and beverages. The rise of e-commerce platforms has emerged as a pivotal factor, facilitating companies in reaching broader audiences and boosting sales through online channels. This digital shift has, in turn, exerted a positive influence on the overall growth projections of the CBD industry. As the legal landscape surrounding hemp products evolves and consumer preferences continue to drive market dynamics, the CBD sector is expected to witness a substantial increase in its market size, reflecting the burgeoning opportunities within the industry.
Market snapshot - 2026-2033
Global Market Size
USD 1.8 billion
Largest Segment
Pharmaceuticals
Fastest Growth
Pharmaceuticals
Growth Rate
15.6% CAGR
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Global CBD Hemp Oil Market is segmented by Source, Distribution Channel, End-User, Application and region. Based on Source, the market is segmented into Hemp and Marijuana. Based on Distribution Channel, the market is segmented into B2B, B2C, Hospital Pharmacies, Online and Retail Stores. Based on End-User, the market is segmented into Medical, Chronic Pain, Mental Disorders and Cancer. Based on Application, the market is segmented into Pharmaceuticals, Wellness, Food & Beverages, Personal Care & Cosmetics and Nutraceuticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The B2B segment emerged as the dominant force in the market, claiming the largest revenue share in 2023. Projections indicate that this segment is poised for the fastest CAGR over the forecast period. The accelerated growth can be attributed to the increasing prevalence of wholesalers providing CBD oil and the burgeoning demand for CBD oil as a raw material across various industries. Furthermore, the legalization of CBD products in numerous countries has created a favorable environment, presenting many opportunities for suppliers within the B2B segment.
Anticipated to undergo substantial growth throughout the forecast period, the sub-segment of hospital pharmacies within the B2C segment is poised for prominence. This trajectory is attributed to the increasing trend of companies strategically partnering with retail pharmacies, aiming to enhance their market exposure and create dedicated spaces for customers to access and purchase CBD products. The market landscape presents abundant opportunities for participants, driven by the expanding inventory of pharmacies stocking CBD products, the formation of exclusive partnerships between companies and retail pharmacies, and a growing number of patients opting for CBD as a treatment option.
In the B2B end-use category, the pharmaceuticals segment emerged as the dominant revenue contributor in 2023, holding the largest share. Projections indicate significant growth for this segment in the coming years, driven by an increasing number of clinical trials aiming to evaluate the impact of CBD on various health conditions. The surge in demand for CBD products within the pharmaceutical sector is notably attributed to companies engaging in bulk CBD oil purchases, subsequently producing CBD-infused products widely adopted by consumers as alternatives for managing pain and stress. Consequently, these products are anticipated to undergo a phase of substantial growth within the market.
The personal care products segment plays a pivotal role in the CBD hemp oil market, serving as a significant avenue for the integration of hemp-derived products into daily wellness and beauty routines. CBD-infused personal care items, such as lotions, creams, and skincare formulations, have gained substantial traction due to the perceived therapeutic properties of CBD, including its potential anti-inflammatory and antioxidant effects. Consumers are increasingly drawn to these products for their potential to address various skincare concerns, such as inflammation, redness, and dryness.
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In 2023, North America asserted its dominance in the CBD hemp oil market, holding a substantial revenue share of 87.4%. This region is poised for significant growth in the CBD market, attributed to various factors contributing to its burgeoning success. The presence of a large population of health-conscious individuals, a widespread acceptance of CBD products, the established foothold of major manufacturers, and the landmark approval of the U.S. The Farm Bill in 2020 collectively contributes to the robust growth anticipated in North America.
The Asia Pacific is poised for notable growth throughout the forecast period, primarily propelled by the establishment of hemp production facilities, notably in China. As the leading hemp grower in Asia, China plays a pivotal role, contributing to nearly half of the world's hemp production. Notably, China has embarked on hemp cultivation in three provinces with a specific focus on CBD extraction. This strategic move positions China to meet the rising global demand for cannabidiol. The country's significance in the hemp industry is further underscored by its substantial exports, with approximately 90% of its hemp products being shipped to key markets such as the U.S., Germany, the U.K., the Netherlands, and Japan.
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The competitive environment of the global CBD Hemp Oil market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global CBD Hemp Oil marketplace analysis exhibits a dynamic marketplace with some of standout developments and problems. The escalating interest in the potential health benefits associated with cannabidiol has spurred a notable surge in investments dedicated to research and development. This investment aims to gain a deeper understanding of the effects of CBD and foster the creation of novel products. Consequently, the CBD market is undergoing heightened competitiveness, marked by an influx of new companies entering the market and introducing comparable products. This increased competition is proving to be a driving force behind the expansion of the global CBD market size.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 2.08 Billion |
| Market size value in 2033 | USD 7.67 Billion |
| Growth Rate | 15.6% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the CBD Hemp Oil Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the CBD Hemp Oil Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the CBD Hemp Oil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the CBD Hemp Oil Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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