CBD (Cannabidiol) Oil Market

Introduction: -

The market for CBD oil (Cannabidiol) has grown significantly in recent years, fueled by increasing awareness of its potential health benefits and increasing acceptance of hemp-derived products. CBD is one of over a hundred cannabinoids found in the hemp plant, known for its medicinal properties without causing the psychoactive effects commonly associated with THC (tetrahydrocannabinol).

CBD oil is obtained from hemp or marijuana plants using different extraction methods, such as CO2 extraction or solvent-based extraction. It contains high concentrations of CBD, often together with other cannabinoids, terpenes and useful compounds found in the plant.

The CBD oil market is predicted to continue to grow, fueled by ongoing research, evolving regulations and increasing consumer acceptance. Factors such as increased investment in R&D, development of new delivery methods, and expansion into new geographies are expected to drive innovation and market expansion. Overall, the CBD oil market offers significant opportunities for growth and innovation, but stakeholders must remain vigilant about regulatory developments, quality standards and consumer preferences to realize its full potential.

CBD (Cannabidiol) Oil Market value was 425.266 Million in 2024, Expected to Hit 4431.367 Million by 2032 with CAGR of 33.8%.

CBD (Cannabidiol) Oil Market

Size, by Product, - (USD Billion)

Hemp-derived Type

Marijuana-derived Type

THC Dominant

CBD Dominant

Other Products

The Market will Grow

At the CAGR of:

33.8%

The Forecast Market

Size for in USD:

$4431.367 Million B

Significant CBD Oil Market Trends: -

The increasing acceptance and use of CBD products is fueling market growth: CBD market CAGR is driven by acceptance and use of CBD products. The increase in acceptance of CBD products is due to government approvals that increase production and sales, thus supporting market growth. CBD is in growing demand for health and wellness, fitness and pet care due to its effectiveness in treating conditions such as seizures, anxiety and pain. Increasing technological advancement in manufacturing technology is driving the growth of the CBD oil market.

The CBD oil industry is booming worldwide due to advances in research into the benefits and innovations of the CBD oil extraction process. Growing concerns about several neurological diseases, legalization of marijuana in various regions, and increasing applications of CBD oil in the cosmetic industry to treat skin problems such as acne are some of the reasons expected to drive the growth of the market during the forecast period. period the growing demand for CBD oil in pharmaceutical products is due to its analgesic properties, as it regulates the activity of the endocannabinoid system (ECS) and interacts with neurotransmitters, making it an ideal ingredient in antidepressants and anti-anxiety drugs. Market players are looking to create lotions, skin care products, textile products and pet care products using cannabidiol, which will boost the CBD oil market.

Studies have shown that CBD oil plants derived from hemp and marijuana can reduce tension and anxiety. Thus, several pharmaceutical industries are looking to add CBD oil to pain relievers and launch new products. The legalization of CBD oil's medical claims was made possible by the relaxation of cannabis laws and increased public awareness of its benefits. Many celebrities are solving their sleep problems with CBD oil and related products. Thus, the CBD oil (Cannabidiol Oil) market revenue is increasing. However, the variable cost of raw materials and machinery is the main factor affecting the growth of the CBD oil market. In one place, the availability of raw materials is uneven and intensifying competition makes it difficult for the market to grow.

Key Market drivers:

The millennial population of the key cannabis market is significantly driving market growth. Consumption of cannabis products, especially for recreational purposes, is very popular among millennials. Also, the increased use of cannabis products by millennials is due to the fact that they are relatively eager to try new varieties compared to older generations. based products such as CBD oil. The interest in cannabis-based products is mainly due to the increase of multicultural consumer groups and awareness of the health benefits. Thus, the increasing popularity of CBD oil among the millennials is likely to fuel the growth of the global cannabidiol oil market during the forecast period.

Market Segmentation: -

What are the types of Cannabidiol (CBD) available in the Market?

• Hemp-derived Type
• Marijuana-derived Type
• THC Dominant
• CBD Dominant

Product based:

• Original
• Blended

Application based:

• Food and Beverages
• Personal Care/Cosmetics
• Pharma and Nutraceuticals
• Industrial Application

Which regions are leading the Cannabidiol (CBD) Market?

• North America: United States, Canada
• Europe: Germany, France, U.K., Italy, Russia
• Asia-Pacific: China, Japan, South Korea, India, Australia, China, Indonesia, Thailand, Malaysia
• Latin America: Mexico, Brazil, Argentina, Colombia
• Middle East & Africa: Turkey, Saudi Arabia, UAE

• CBD (Cannabidiol) Oil Market

  Share, by end user, (USD Billion)

  425.266 Million %

  Food and Beverages

  Personal Care/Cosmetics

  Pharma and Nutraceuticals

  Industrial Application

  Other End-Users

  

  4431.367 Million

  Total Market Size

  USD (Billion),

  33.8%

  CAGR

  -

Competitive Landscape: -

• ISODIOL INTERNATIONAL, INC.
• Cannoid, LLC
• Elixinol
• Pharmahemp d.o.o.
• SEPHORA USA, INC.
• ENDOCA
• Ulta Beauty, Inc.
• Folium Biosciences
• Medical Marijuana, Inc.
• Tilary
• Green Roads
• Hemp oil Canada
• Kazmira

Restraints/Challenges: -

Quality Control and Labeling Issues:

• Quality control and labeling issues remain significant challenges in the CBD oil market. Inaccurate labeling and subpar product quality can severely erode consumer trust, deterring potential buyers and negatively impacting overall market growth. This restraint underscores the critical need for stringent standards to ensure product reliability and safety, highlighting a major hurdle for industry advancement.

Competition among CBD Manufacturers:

• Competition among CBD manufacturers is fierce due to the rapidly expanding market. New entrants face significant hurdles in establishing themselves and gaining market share, which intensifies the challenge. This crowded and competitive landscape hinders the market, as differentiation and strategic positioning become crucial for survival, making it difficult for smaller or newer companies to thrive.

• This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

  CBD (Cannabidiol) Oil Market

  Size, by Product, - (USD Billion)

  The Market will Grow

  At the CAGR of:

  33.8%

  The Forecast Market

  Size for in USD:

  $4431.367 Million B

  

Opportunities:

Expansion of Online and Retail Sales: 

• The expansion of e-commerce platforms and the increasing availability of CBD products in retail stores such as pharmacies and supermarkets has greatly expanded consumer access to CBD oil. This convenience has fueled the growth of the market as more and more people can easily buy CBD products online or during regular shopping trips. For example, the integration of CBD products with brick-and-mortar retailers such as Walmart and CVS have increased exposure and consumer adoption, resulting in increased overall sales.

Changing consumer preferences:

• The shift toward natural, organic and sustainable products, especially among millennials and Generation Z, is increasing the demand for CBD oil derived from organic hemp. Consumers prefer transparency in production and procurement and prefer brands with clear ethical practices. For example, companies like Charlotte's Web, known for its commitment to organic farming and transparent supply chains, will succeed as they adapt to these changing consumer preferences, leading to growth in the cannabidiol business.

• CBD (Cannabidiol) Oil Market TO (USD BN)

  

  CAGR OF

  33.8%

  CBD (Cannabidiol) Oil Market

  

  4431.367 Million %

Recent developments: - 

1. Sephora North America announced the names of eight BIPOC brand founders who will join its 2024 Accelerate program, a longstanding brand incubator that supports emerging beauty businesses. Sephora’s Accelerate program continues to serve as a pathway to success for many BIPOC-founded and -owned brands, with this year’s cohort spanning the haircare, makeup, skincare, and fragrance categories.

2.(OTC: MJNA) (the “Company”), announced today that its network marketing division, Kannaway, has completed an Asset Purchase Agreement with eXfuse, LLC, dba KZ1 a Japan based network marketing company. The KZ1 acquisition will increase the sales force of the Company’s Kannaway division in Japan by approximately 1,450 individuals and the Company believes the increased sales force will greatly benefit Kannaway’s ramp up in the Japanese market. KZ1’s premium product “Focus,” containing Nootropics, which helps support cognitive function, has been well received in the Japanese market and adds to the Company’s current line of CBD, natural health and beauty products.