CBD Hemp Oil Market Growth Fueled by Expanding Legalization and Consumer Awareness

CBD Hemp Oil Market Overview

The market for CBD hemp oil was estimated to be worth USD 8.14 billion in 2024. From 2025 to 2032, the market is projected to develop at a compound annual growth rate (CAGR) of 16.5%, reaching roughly USD 27.63 billion.

CBD Hemp Oil Market Scope and Methodology:

The CBD Hemp Oil market research provides comprehensive information on significant aspects, including those that are expected to drive the industry's growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the CBD Hemp Oil market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the CBD Hemp Oil Market is included in the scope of the MMR report.

The report offers a number of new requirements, each with a thorough justification. The CBD Hemp Oil Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.

CBD Hemp Oil Market Regional Insights

This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research's geographic analysis makes it possible to comprehend the CBD Hemp Oil market situations in various nations. The CBD Hemp Oil market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.

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CBD Hemp Oil Market Segmentation

by Type

Hemp
Marijuana

In 2024, the marijuana market accounted for over 50.0% of total revenue, making it the dominant market. The growing legalization of marijuana and products made from it for a range of medical purposes, along with the growing acceptance of refined CBD products, are driving the market. Another significant factor propelling the growth of the market is the high effectiveness of cannabidiol extracted from marijuana. The market for cannabidiol derived from hemp is anticipated to grow rapidly as a result of rising pharmaceutical demand and heightened public awareness of health issues.

by Application

Medical
Personal
Pharmaceutical
Wellness

With a revenue share of almost 70.0% in 2024, the medicines subsegment led the market. The section is anticipated to grow at a profitable rate over the forecast period. As more research is being done on the effects of CBD on different health issues, it is anticipated that demand for the product will rise in the years to come. Additionally, several companies buy CBD oils in bulk and then use them to make CBD-infused products. These products are used by a large number of customers as a pain and stress treatment solution. This indicates that most of these products are in the growing phase of the market.

by Sales Channel

B2B
B2C

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CBD Hemp Oil Market Key Players

1. The Cronos Group
2. Tilray.
3. Hexo
4. CannTrust
5. Aurora Cannabis Inc.
6. GW Pharmaceuticals plc.
7. VIVO Cannabis Inc.
8. Alkaline88, LLC.
9. NewAge Inc.
10.Cannara.
11.Dixie Brands
12.KANNAWAY LLC
13.The Supreme Cannabis Company, Inc
14.CANNABIS Aphria
15.CURA CS, LLC.
16.KAZMIRA
17.Curaleaf
18.CannazALL

Key questions answered in the CBD Hemp Oil Market are:

• What is CBD Hemp Oil ?
• What was the CBD Hemp Oil market size in 2023?
• What is the growth rate of the CBD Hemp Oil Market?
• Which are the factors expected to drive the CBD Hemp Oil market growth?
• What is the CAGR at which the CBD Hemp Oil market will grow during the forecast period?
• What are the different segments of the CBD Hemp Oil Market?
• Which is the fastest growing region in the CBD Hemp Oil market?
• What growth strategies are the players considering to increase their presence in CBD Hemp Oil ?
• What are the upcoming opportunities and trends for the CBD Hemp Oil Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the CBD Hemp Oil Market?
• Who are the leading companies and what are their portfolios in CBD Hemp Oil Market?
• What segments are covered in the CBD Hemp Oil Market?
• Who are the key players in the CBD Hemp Oil market?

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Global Antimicrobial Ingredients Market https://www.maximizemarketresearch.com/market-report/global-antimicrobial-ingredients-market/85303/

 Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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