Report Code : CVMI2603252601405 | Published Date : March 30, 2025
1 | Market Overview
The global CBD hemp oil market is growing quickly, fueled by increasing consumer interest in natural wellness products, broader legalization of hemp-derived CBD in many countries, and rising scientific evidence of its health benefits. CBD hemp oil, derived from industrial hemp, is commonly used for pain relief, anxiety reduction, sleep problems, and skincare, supporting a wide range of applications in health, wellness, food, and cosmetics.
The rising acceptance of CBD among mainstream consumers, along with increased retail distribution through pharmacies, e-commerce platforms, and wellness outlets, continues to drive market growth. Additionally, investments in product innovation—such as water-soluble CBD, nano-emulsified formulations, and enhanced edibles—are broadening the consumer base.
2 | Market Size and Forecast
Year |
Market Value (USD Billion) |
Notes |
2019 |
4.32 |
Historical benchmark |
2024 |
7.68 |
Five-year CAGR 12.1% |
2031 |
18.37 |
Seven-year CAGR 13.2% |
The market is projected to more than double by 2031, fueled by wellness trends, increasing therapeutic claims, and regulatory liberalization.
3 | Key Market Drivers
- Legalization Trends: Increasing acceptance of hemp-derived CBD throughout North America, Europe, and APAC.
- Rising Consumer Awareness: Increasing use for stress relief, pain management, and sleep issues.
- Diverse product formats include tinctures, capsules, topicals, beverages, and functional foods.
- Retail Expansion: CBD entering mass-market retailers, pharmacies, and online platforms.
- Ongoing research and clinical trials: supporting broader therapeutic applications.
4 | Market Challenges
- Regulatory uncertainty: differences in approval status across countries and states.
- Quality and Labeling Issues: Presence of adulterated or incorrectly labeled products.
- Pricing Pressures: Commoditization in saturated markets.
- Banking and Payment Restrictions: Financial barriers in certain jurisdictions.
5 | Competitive Landscape
The CBD hemp oil market is very fragmented, with many startups, regional brands, and well-known wellness companies competing on quality, price, and innovation.
Market Share Estimates (2024):
Company |
Estimated Market Share |
Key Products |
Charlotte's Web Holdings |
8% |
CBD tinctures, gummies, capsules |
CV Sciences |
6% |
PlusCBD™ Oil products |
Medterra |
5% |
CBD isolates, full-spectrum oils |
Elixinol Global |
4% |
Hemp Oil Drops, skincare |
Canopy Growth (Martha Stewart CBD) |
4% |
Gummies, oils, softgels |
Others (Green Roads, Endoca, Joy Organics, regional players) |
73% |
Diverse product lines |
6 | Market Segmentation
By Product Type:
- Tinctures
- Capsules
- Topicals (Lotions, Balms, Creams)
- Edibles (Gummies, Chocolates, Beverages)
- Vape Products
By Distribution Channel:
- Online Retailers
- Pharmacies
- Wellness Stores
- Supermarkets/Hypermarkets
By Application:
- Personal Care & Cosmetics
- Pharmaceuticals & Therapeutics
- Food & Beverages
- Nutraceuticals
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
7 | Strategic Outlook
The next growth phase will emphasize premium product differentiation, expand internationally into newly legalized markets, and boost mergers and acquisitions. Incorporating blockchain for supply chain transparency, clean label formulations, and pharmaceutical-grade manufacturing standards will define future competitiveness.
Reasons To Buy

Scope

Key Players
- Aurora Cannabis
- Medical Marijuana, Inc.
- ConnOils LLC
- NuLeaf Naturals, LLC
- Elixinol Wellness Limited
- CV Sciences, Inc.
- Charlotte’s Web Holdings, Inc.
- ENDOCA
- Gaia Herbs
- Hempstrol
- IRIE CBD
- Canopy Growth Corporation
- Folium Biosciences
- Isodiol International Inc.
- CBD American Shaman
CBD Hemp Oil Market Report
- 1. CBD Hemp Oil Market Research Report
- 1.1 Study Objectives
- 1.2 CBD Hemp Oil Market - Overview
- 1.3 Reason to Read This Report
- 1.4 Methodology and Forecast Analysis
- 2. CBD Hemp Oil Market Research Report - Preface
- 2.1 CBD Hemp Oil Market Research Report – Detailed Scope and Definitions
- 2.1.1 By Product Type:
- 2.1.2 By Distribution Channel:
- 2.1.3 By Application:
- 2.1.4 By Region
- 2.1 CBD Hemp Oil Market Research Report – Detailed Scope and Definitions
- 3. CBD Hemp Oil Market Dynamics
- 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
- 3.2. Restraints – By Product Type:, By Distribution Channel:, By Application:, By Country
- 3.3. Opportunities – By Product Type:, By Distribution Channel:, By Application:, By Country
- 3.4. Trends – By Product Type:, By Distribution Channel:, By Application:, By Country
- 3.5. PEST Analysis
- 3.6. Porters Five Rule Analysis
- 3.7. Company’s Share Analysis (CSA) by Region or By Country
- 3.8. CBD Hemp Oil Market Research Report – DROTs Impact Analysis
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- 4. CBD Hemp Oil Market Research Report, Historic Data 2019 - 2023 and Forecast Analysis Data 2024 - 2031
- 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
- 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
- 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5. CBD Hemp Oil Market, By Product Type:, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
- 5.1 Tinctures
- 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.2 Capsules
- 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.3 Topicals (Lotions, Balms, Creams)
- 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.4 Edibles (Gummies, Chocolates, Beverages)
- 5.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.5 Vape Products
- 5.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.1 Online Retailers
- 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.2 Pharmacies
- 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.3 Wellness Stores
- 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.4 Supermarkets/Hypermarkets
- 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.1 Personal Care & Cosmetics
- 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.2 Pharmaceuticals & Therapeutics
- 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.3 Food & Beverages
- 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.4 Nutraceuticals
- 7.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8. CBD Hemp Oil Market Forecast, By Region, 2019 - 2023 and 2024 - 2031 (Market Value, In USD Mn)
- 8.1 North America
- 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.1 North America
- 9. North America CBD Hemp Oil Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
- 9.1 By Product Type: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 9.1.1 Tinctures
- 9.1.2 Capsules
- 9.1.3 Topicals (Lotions, Balms, Creams)
- 9.1.4 Edibles (Gummies, Chocolates, Beverages)
- 9.1.5 Vape Products
- 9.2.1 Online Retailers
- 9.2.2 Pharmacies
- 9.2.3 Wellness Stores
- 9.2.4 Supermarkets/Hypermarkets
- 9.3.1 Personal Care & Cosmetics
- 9.3.2 Pharmaceuticals & Therapeutics
- 9.3.3 Food & Beverages
- 9.3.4 Nutraceuticals
- 9.4.1 United States
- 9.4.2 Canada
- 9.5 North America CBD Hemp Oil Market – Opportunity Analysis Index, By Product Type:, By Distribution Channel:, By Application:, and Country, 2024 - 2031
- 9.6 Regional Trends Analysis
- 9.7 North America CBD Hemp Oil Market Research Report - Company Profiles
- 9.7.1 Company 1 (United States)
- 9.7.2 Company 2 (Canada)
- 9.7.3 Company 3 (Canada)
- 10.1 By Product Type: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 10.1.1 Tinctures
- 10.1.2 Capsules
- 10.1.3 Topicals (Lotions, Balms, Creams)
- 10.1.4 Edibles (Gummies, Chocolates, Beverages)
- 10.1.5 Vape Products
- 10.2.1 Online Retailers
- 10.2.2 Pharmacies
- 10.2.3 Wellness Stores
- 10.2.4 Supermarkets/Hypermarkets
- 10.3.1 Personal Care & Cosmetics
- 10.3.2 Pharmaceuticals & Therapeutics
- 10.3.3 Food & Beverages
- 10.3.4 Nutraceuticals
- 10.4.1 Germany
- 10.4.2 United Kingdom
- 10.4.3 France
- 10.4.4 Spain
- 10.4.5 Italy
- 10.4.6 Russia
- 10.5 Europe CBD Hemp Oil Market – Opportunity Analysis Index, By Product Type:, By Distribution Channel:, By Application:, and Country, 2024 - 2031
- 10.6 Regional Trends Analysis
- 10.7 Europe CBD Hemp Oil Market Research Report - Company Profiles
- 10.7.1 Company 1 (Germany)
- 10.7.2 Company 2 (United Kingdom)
- 10.7.3 Company 3 (United Kingdom)
- 11.1 By Product Type: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 11.1.1 Tinctures
- 11.1.2 Capsules
- 11.1.3 Topicals (Lotions, Balms, Creams)
- 11.1.4 Edibles (Gummies, Chocolates, Beverages)
- 11.1.5 Vape Products
- 11.2.1 Online Retailers
- 11.2.2 Pharmacies
- 11.2.3 Wellness Stores
- 11.2.4 Supermarkets/Hypermarkets
- 11.3.1 Personal Care & Cosmetics
- 11.3.2 Pharmaceuticals & Therapeutics
- 11.3.3 Food & Beverages
- 11.3.4 Nutraceuticals
- 11.4.1 China
- 11.4.2 Japan
- 11.4.3 India
- 11.4.4 South Korea
- 11.4.5 Australia & New Zealand
- 11.4.6 ASEAN
- 11.5 Asia-Pacific CBD Hemp Oil Market – Opportunity Analysis Index, By Product Type:, By Distribution Channel:, By Application:, and Country, 2024 - 2031
- 11.6 Regional Trends Analysis
- 11.7 Asia-Pacific CBD Hemp Oil Market Research Report - Company Profiles
- 11.7.1 Company 1 (China)
- 11.7.2 Company 2 (Japan)
- 11.7.3 Company 3 (Japan)
- 12.1 By Product Type: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 12.1.1 Tinctures
- 12.1.2 Capsules
- 12.1.3 Topicals (Lotions, Balms, Creams)
- 12.1.4 Edibles (Gummies, Chocolates, Beverages)
- 12.1.5 Vape Products
- 12.2.1 Online Retailers
- 12.2.2 Pharmacies
- 12.2.3 Wellness Stores
- 12.2.4 Supermarkets/Hypermarkets
- 12.3.1 Personal Care & Cosmetics
- 12.3.2 Pharmaceuticals & Therapeutics
- 12.3.3 Food & Beverages
- 12.3.4 Nutraceuticals
- 12.4.1 Brazil
- 12.4.2 Mexico
- 12.4.3 Argentina
- 12.4.4 Peru
- 12.4.5 Colombia
- 12.4.6 Rest of Latin America
- 12.5 Latin America CBD Hemp Oil Market – Opportunity Analysis Index, By Product Type:, By Distribution Channel:, By Application:, and Country, 2024 - 2031
- 12.6 Regional Trends Analysis
- 12.7 Latin America CBD Hemp Oil Market Research Report - Company Profiles
- 12.7.1 Company 1 (Brazil)
- 12.7.2 Company 2 (Mexico)
- 12.7.3 Company 3 (Mexico)
- 13.1 By Product Type: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 13.1.1 Tinctures
- 13.1.2 Capsules
- 13.1.3 Topicals (Lotions, Balms, Creams)
- 13.1.4 Edibles (Gummies, Chocolates, Beverages)
- 13.1.5 Vape Products
- 13.2.1 Online Retailers
- 13.2.2 Pharmacies
- 13.2.3 Wellness Stores
- 13.2.4 Supermarkets/Hypermarkets
- 13.3.1 Personal Care & Cosmetics
- 13.3.2 Pharmaceuticals & Therapeutics
- 13.3.3 Food & Beverages
- 13.3.4 Nutraceuticals
- 13.4.1 Saudi Arabia
- 13.4.2 UAE
- 13.4.3 South Africa
- 13.4.4 Egypt
- 13.4.5 Israel
- 13.4.6 Rest of Middle East and Africa
- 13.5 Middle East and Africa CBD Hemp Oil Market – Opportunity Analysis Index, By Product Type:, By Distribution Channel:, By Application:, and Country, 2024 - 2031
- 13.6 Regional Trends Analysis
- 13.7 Middle East and Africa CBD Hemp Oil Market Research Report - Company Profiles
- 13.7.1 Company 1 (Saudi Arabia)
- 13.7.2 Company 2 (UAE)
- 13.7.3 Company 3 (UAE)
- 14.1 Strategic Dashboard of Top Market Players
- 14.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)
- 14.2.1 Aurora Cannabis
- 14.2.2 Canopy Growth Corporation
- 14.2.3 Medical Marijuana Inc.
- 14.2.4 ConnOils LLC
- 14.2.5 NuLeaf Naturals LLC
- 14.2.6 Elixinol (Wellness Limited)
- 14.2.7 CV Sciences Inc.
- 14.2.8 Charlotte’s Web Holdings Inc.
- 14.2.9 ENDOCA
- 14.2.10 Gaia Herbs
- 14.2.11 Hempstrol
- 14.2.12 IRIE CBD
- 14.2.13 CBD American Shaman
- 14.2.14 Isodiol International Inc.
- 14.2.15 Tilray Brands Inc. en.wikipedia.org +15 mordorintelligence.com +15 skyquestt.com +15 Sources Do you like this personality?
- 9.1 By Product Type: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 15. Data Collection Method and Research Approach
- 16. Principal Presumptions and Acronyms