InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global CBD (Cannabidiol) Oil Market- by Products (Hemp Oil and Marijuana Oil), Application (Pharmaceuticals, Food and Beverages, Cosmetics, and Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Hypermarkets/Supermarkets, Convenience Store, Online Retail, and Others), Trends, Industry Competition Analysis, Revenue and Forecast To 2034.”
According to the latest research by InsightAce Analytic, the global 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.
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Cannabidiol (CBD) is employed in a variety of applications due to its medically verified therapeutic characteristics. Cannabidiol (CBD) is the second most typical active component in marijuana. Cannabidiol is a phytocannabinoid that can be found as an active ingredient in a variety of personal care and cosmetic products.
The expansion and growth of the personal care and cosmetics industry aided the direct and indirect growth of this market. This is because cannabidiol is excellent in treating skin pain, swelling, and redness caused by existing breakouts and irritation caused by skin disorders such as eczema and psoriasis. Increased knowledge of the benefits of cannabidiol and its medical characteristics is driving up demand and use by small and medium-sized businesses. Furthermore, the widespread use of hemp oil in pharmaceutical sectors as a pain reliever is a favourable sign.
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North America is anticipated to be the major contributor to the CBD (Cannabidiol) Oil market over the forecast years. The expanding legalisation of medical cannabis in autonomous states of the United States, the liberalisation of federal regulations governing the same, and a general increase in the approval of cannabidiol for health, medicinal, and personal use are driving the region’s development.
Major market players operating in the CBD (Cannabidiol) Oil market include
Isodiol International Inc, HempLife Today, Hemp Oil Canada Inc, Medical Marijuana, Aurora Cannabis, Canntrust, Connoils, Charlotte’s Web, Hemp Me, Hudson Valley Hemp LLC., Green Roads, Royal CBD, Moon Mother Hemp Company, King CBD, FOLIUM BIOSCIENCES, CV Sciences, Inc, BRITISH CANNABIS, Canopy Growth Corporation, Tilray, Elixinol, Pharmahempd.o.o, Gaia Botanicals, LLC, Canazil, Kazmira, Spring Creek Labs, and other prominent players
Recent collaborations and agreements in the market:
In January 2021, Nano Hydrate launched product marketing services that leverage cutting-edge technology to promote the use of pharmaceutical-grade cannabidiol for natural treatment (CBD). Furthermore, Nano Hydrate aimed to create a collaborative program that would allow them to broaden the cannabis industry’s options for cannabis-infused beverages while also introducing established brands to the market for speciality CBD goods.
In January 2021, the United States Patent and Trademark Office gave Next Leaf a patent for a procedure that results in a solventless cannabis concentrate, expanding the company’s dynamic and expanding U.S. patent portfolio.
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Market Segments
Global CBD (Cannabidiol) Oil Market, by Product, 2025-2034 (Value US$ Mn)
- Hemp Oil
- Marijuana Oil
Global CBD (Cannabidiol) Oil Market, by Application, 2025-2034 (Value US$ Mn)
- Pharmaceuticals
- Food and Beverages
- Cosmetics
- Others
Global CBD (Cannabidiol) Oil Market, by Distribution Channel, 2025-2034 (Value US$ Mn)
- Hospital Pharmacy
- Retail Pharmacy
- Hypermarkets/Supermarkets
- Convenience Store
- Online Retail
- Others
Global CBD (Cannabidiol) Oil Market, by Region, 2025-2034 (Value US$ Mn)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America CBD (Cannabidiol) Oil Market, by Country, 2025-2034 (Value US$ Mn)
- S.
- Canada
Europe CBD (Cannabidiol) Oil Market, by Country, 2025-2034 (Value US$ Mn)
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific CBD (Cannabidiol) Oil Market, by Country, 2025-2034 (Value US$ Mn)
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America CBD (Cannabidiol) Oil Market, by Country, 2025-2034 (Value US$ Mn)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa CBD (Cannabidiol) Oil Market, by Country, 2025-2034 (Value US$ Mn)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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