76.JPG)
CBD (Cannabidiol) Oil Market Size is valued at 7.2 Billion in 2024 and is predicted to reach 39.7 Billion by the year 2034 at a 18.7% CAGR during the forecast period for 2025-2034.
CBD (Cannabidiol )is a compound extracted from Marijuana and Hemp plants and can be used as an oil, with a growing worldwide acceptance of its nutritional and health benefits. CBD oil is also used as a key functional ingredient in food or beverages, cosmetics, personal care products, and dietary supplements.
In recent years, the market has been witnessing significant developments in the CBD Oil industry across the globe owing to ongoing advancements in the research of CBD oil's benefits and innovations in the extraction process. In addition, rising concerns for various neurological disorders, legalization of marijuana in several regions, and emerging applications of CBD oil in cosmetic industry for the treatment of skin problems such as acne are some other significant factors that are expected to show significant market growth during the forecast period. However, At present, the CBD industry has been significantly affected by COVID-19 pandemic and the consequent lockdown situation across globe, including all the regions including North America, Europe, Asia Pacific and the Rest of the Word. COVID-19 pandemic is expected to affect the consumer’s spending power due to economic challenges and temporarily suspended production units.
The global CBD Oil market is segmented on the basis of product, application, and region. Based on the products, the market is divided into Hemp Oil and Marijuana Oil. On the basis of application type, the market is segmented into Pharmaceuticals, Food and Beverages, Cosmetics, and Others. Based on the distribution channel, the market is divided into Hospital Pharmacy, Retail Pharmacy, Hypermarkets/Supermarkets, Convenience Store, Online Retail, and Others. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. Among that, Europe held the largest share of the market, followed by America and Asia Pacific. On the other hand, North America is expected to dominate the market during the analysis of forecast period.
|
Report Attribute |
Specifications |
|
Market Size Value In 2024 |
USD 7.2 Billion |
|
Revenue Forecast In 2034 |
USD 39.7 Billion |
|
Growth Rate CAGR |
CAGR of 18.7% from 2025 to 2034 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2025 to 2034 |
|
Historic Year |
2021 to 2024 |
|
Forecast Year |
2025-2034 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product, By Application, By Distribution Channel |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; South Korea; South East Asia |
|
Competitive Landscape |
Medical Marijuana, Aurora Cannabis, Canntrust, Connoils, Charlotte's Web, BRITISH CANNABIS, Canopy Growth Corporation, Tilray, Elixinol, Hemp Me, Hudson Valley Hemp LLC., Green Roads, Royal CBD, Moon Mother Hemp Company, King CBD, FOLIUM BIOSCIENCES, CV Sciences, Inc, Pharmahempd.o.o, Gaia Botanicals, LLC, Canazil, Kazmira, Spring Creek Labs, Isodiol International Inc, HempLife Today, Hemp Oil Canada Inc, and other prominent players. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global CBD Oil Market Snapshot
Chapter 4. Global CBD Oil Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Market Dynamics - Drivers
4.3. Challenges/Restraints
4.4. Market Trends
4.5. Industry Analysis – Porter’s Five Forces Analysis
4.6. Competitive Landscape & Market Share Analysis
4.7. Impact of Covid-19 on CBD Industry
Chapter 5. Market Segmentation 1: Product Type Estimates & Trend Analysis
5.1. Product Type & Market Share, 2024 & 2034
5.2. Market Size (Value) & Forecasts and Trend Analyses, 2021 to 2034 for the following Product Type:
5.2.1. Hemp Oil
5.2.2. Marijuana Oil
Chapter 6. Market Segmentation 1: Application Type Estimates & Trend Analysis
6.1. Application Type & Market Share, 2024 & 2034
6.2. Market Size (Value) & Forecasts and Trend Analyses, 2021 to 2034 for the following Application Type:
6.2.1. Pharmaceuticals
6.2.2. Food and Beverages
6.2.3. Cosmetics
6.2.4. Others
Chapter 7. Market Segmentation 1: Distribution channel Estimates & Trend Analysis
7.1. Distribution channel & Market Share, 2024 & 2034
7.2. Market Size (Value) & Forecasts and Trend Analyses, 2021 to 2034 for the following Distribution channel:
7.2.1. Hospital Pharmacy
7.2.2. Retail Pharmacy
7.2.3. Hypermarkets/Supermarkets
7.2.4. Convenience Store
7.2.5. Online Retail
7.2.6. Others
Chapter 8. CBD Oil Market Segmentation 3: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America CBD Oil Market revenue (US$ Million) estimates and forecasts by Product Type, 2021-2034
8.1.2. North America CBD Oil Market revenue (US$ Million) estimates and forecasts by Application Type, 2021-2034
8.1.3. North America CBD Oil Market revenue (US$ Million) estimates and forecasts by Distribution channel, 2021-2034
8.1.4. North America CBD Oil Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
8.1.4.1. U.S.
8.1.4.2. Canada
8.2. Europe
8.2.1. Europe CBD Oil Market revenue (US$ Million) estimates and forecasts by Product Type, 2021-2034
8.2.2. Europe CBD Oil Market revenue (US$ Million) estimates and forecasts by Application Type, 2021-2034
8.2.3. Europe CBD Oil Market revenue (US$ Million) estimates and forecasts by Distribution channel, 2021-2034
8.2.4. Europe CBD Oil Market revenue (US$ Million) by country, 2019-2028
8.2.4.1. Germany
8.2.4.2. Poland
8.2.4.3. France
8.2.4.4. Italy
8.2.4.5. Spain
8.2.4.6. UK
8.2.4.7. Rest of Europe
8.3. Asia Pacific
8.3.1. Asia Pacific CBD Oil Market revenue (US$ Million) estimates and forecasts by Product Type, 2021-2034
8.3.2. Asia Pacific CBD Oil Market revenue (US$ Million) estimates and forecasts by Application Type, 2021-2034
8.3.3. Asia Pacific CBD Oil Market revenue (US$ Million) estimates and forecasts by Distribution channel, 2021-2034
8.3.4. Asia Pacific CBD Oil Market revenue (US$ Million) by country, 2019-2028
8.3.4.1. China
8.3.4.2. India
8.3.4.3. Japan
8.3.4.4. Australia
8.3.4.5. Rest of Asia Pacific
8.4. Latin America
8.4.1. Latin America CBD Oil Market revenue (US$ Million) estimates and forecasts by Product Type, 2021-2034
8.4.2. Latin America CBD Oil Market revenue (US$ Million) estimates and forecasts by Application Type, 2021-2034
8.4.3. Latin America CBD Oil Market revenue (US$ Million) estimates and forecasts by Distribution channel, 2021-2034
8.4.4. Latin America CBD Oil Market revenue (US$ Million) by country, (US$ Million) 2021-2034
8.4.4.1. Brazil
8.4.4.2. Rest of Latin America
8.5. MEA
8.5.1. MEA CBD Oil Market revenue (US$ Million) estimates and forecasts by Product Type, 2021-2034
8.5.2. MEA CBD Oil Market revenue (US$ Million) estimates and forecasts by Application Type, 2021-2034
8.5.3. MEA CBD Oil Market revenue (US$ Million) estimates and forecasts by Distribution channel, 2021-2034
8.5.4. MEA revenue CBD Oil Market revenue (US$ Million) by country, (US$ Million) 2021-2034
8.5.4.1. South Africa
8.5.4.2. Rest of MEA
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Tilray
9.2.1.1. Company Overview
9.2.1.2. Financials
9.2.1.3. Product portfolio
9.2.1.4. Business strategy & Recent developments
9.2.2. Medical Marijuana
9.2.3. Aurora Cannabis
9.2.4. Canntrust
9.2.5. Connoils
9.2.6. Charlotte's Web
9.2.7. BRITISH CANNABIS
9.2.8. Canopy Growth Corporation
9.2.9. Elixinol
9.2.10. Hemp Me
9.2.11. Hudson Valley Hemp LLC.
9.2.12. Green Roads
9.2.13. Royal CBD
9.2.14. Moon Mother Hemp Company
9.2.15. King CBD
9.2.16. FOLIUM BIOSCIENCES
9.2.17. CV Sciences, Inc
9.2.18. Pharmahemp d.o.o
9.2.19. Gaia Botanicals, LLC
9.2.20. Canazil
9.2.21. Kazmira
9.2.22. Spring Creek Labs
9.2.23. Isodiol International Inc
9.2.24. HempLife Today
9.2.25. Hemp Oil Canada Inc
9.2.26. OTO International Ltd
9.2.27. Other Prominent Players
Global CBD Oil Market by Product
Global CBD Oil Market Based on Application
Global CBD Oil Market Based on Distribution Channel
Global CBD Oil Market Based on Region
Europe
North America
Asia Pacific
Latin America
Middle East & Africa
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
