CBD Hemp Oil Market Size, Share Top Players, Demands, Growth, Revenue and Industry Forecast by 2030

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 2030

Market Research Future Insights

CBD Hemp Oil Market Size was valued at USD 1.7 billion in 2022 and is projected to rise from USD 1.9 Billion in 2023 to USD 5.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 17.20% during the forecast period (2023 – 2030). 

The global CBD hemp oil market refers to the market for cannabidiol (CBD) oil derived from industrial hemp, which is a strain of the Cannabis sativa plant. CBD oil is a natural extract that is typically used for its potential therapeutic benefits, including pain relief, anxiety reduction, and anti-inflammatory properties. The market is expected to grow due to increasing consumer demand for natural health and wellness products and the legalization of industrial hemp cultivation in many countries.

The COVID-19 pandemic had significant impacts on the global CBD hemp oil market. The pandemic has led to increased demand for natural health and wellness products, including CBD oil, as people look for ways to boost their immune systems and manage stress and anxiety.

Moreover, the regulatory landscape has been uncertain during the pandemic, and some countries have delayed or suspended the legalization of CBD oil products due to the focus on addressing the public health crisis.

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Market Segmentation

The Global CBD Hemp Oil Market has been segmented into source, distribution channel and end use.

Based on the source, the market has been segmented into hemp and marijuana.

Based on the distribution channel, the market has been segmented into B2B, B2C, Hospital Pharmacies, Online and Retail Stores

Based on the end use, the market has been segmented into Pharmaceuticals, Wellness, Food & Beverages and Personal Care & Cosmetics

Key Players

Some of the key market players are:

• ENDOCA
• Medical Marijuana Inc.
• Folium Biosciences
• Elixinol
• NuLeaf Naturals LLC
• Isodiol International Inc.
• Freedom Leaf Inc. (US)
• Green Roads of Florida LLC (US)
• Charlotte’s Web Holdings Inc. (US)
• ENDOCA (Netherlands)

Regional Analysis

North America is currently the largest region of the global CBD hemp oil market. This is due to several factors, including the early legalization of industrial hemp cultivation and the greater awareness and acceptance of CBD oil products among consumers. In addition, the presence of major CBD oil manufacturers and retailers in the region has contributed to the growth of the market.

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The United States, in particular, is the largest market for CBD oil products in North America and the world. This is due to the significant demand for CBD oil products among consumers, as well as the increasing number of states that have legalized the use of CBD oil for medical and recreational purposes.

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