Global Hemp Oil Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Hemp Oil Market Analysis

The hemp oil market has seen significant advancements in recent years, particularly in the methods of extraction and product formulation. The latest technology in hemp oil extraction includes CO2 extraction, a clean, efficient, and environmentally friendly process that maximizes the quality and purity of the oil. This method ensures that the oil retains the full spectrum of cannabinoids, terpenes, and essential fatty acids, which are key to its health benefits.

In addition, nanotechnology is being increasingly used in the hemp oil market, especially for improving the bioavailability of cannabinoids, allowing for faster absorption and more effective therapeutic use. This innovation is particularly popular in the production of edibles, tinctures, and topicals.

The growth of the hemp oil market is driven by rising consumer demand for natural wellness products, particularly in the CBD sector. Hemp oil is gaining popularity as a skincare ingredient, with products targeting anti-aging, moisturizing, and acne treatments. Moreover, the increased legalization of hemp in various regions has significantly opened up new opportunities for hemp-based products, contributing to market expansion.

Hemp Oil Market Size

The global hemp oil market size was valued at USD 162.66 million in 2024 and is projected to reach USD 1,881.34 million by 2032, with a CAGR of 35.80% during the forecast period of 2025 to 2032. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Hemp Oil Market Trends

“Increasing Demand for Hemp Oil in Personal Care Products”

One key trend driving growth in the hemp oil market is its increasing demand in personal care and skincare products. Hemp oil is recognized for its rich nutrient content, including essential fatty acids and antioxidants, which contribute to skin hydration, anti-aging effects, and acne prevention. The popularity of natural, plant-based ingredients in cosmetics has surged, with consumers becoming more conscious of the benefits hemp oil provides. For instance, brands such as The Body Shop and Kiehl's have incorporated hemp oil into their product lines, driving further market expansion. This growing trend is expected to continue as more consumers seek out sustainable and organic alternatives in their daily skincare routines.

Report Scope and Hemp Oil Market Segmentation    

Hemp Oil Market Definition

Hemp oil, also known as hemp seed oil, is derived from the seeds of the hemp plant (Cannabis sativa). It is rich in essential fatty acids such as omega-3 and omega-6, and is often used in skincare, food, and wellness products due to its nutritional benefits. Hemp oil is distinct from CBD oil, as it contains little to no cannabidiol (CBD). Its uses range from improving skin hydration to supporting heart health and reducing inflammation. In addition, hemp oil is praised for its ability to promote a healthy scalp and hair, offering moisturizing and nourishing properties.

Hemp Oil Market Dynamics

Drivers

• Shift Towards Natural and Organic Products

Consumer preference for natural and organic products is fueling demand for hemp oil, a sustainable alternative to synthetic ingredients. Its eco-friendly profile aligns with rising environmental consciousness. This trend propels hemp oil's popularity across various industries, meeting consumer expectations for healthier, environmentally responsible choices in skincare, supplements, and food products.

• Rising Demand in Wellness and Personal Care Industries

Hemp oil is increasingly sought after in the wellness and personal care sectors for its moisturizing, anti-inflammatory, and antioxidant qualities. This surge in demand propels the creation of hemp oil-infused skincare, haircare, and bath products as consumers embrace natural solutions for enhanced health and beauty routines.

Opportunities

• Advancements in Extraction Technologies

Technological advancements in hemp oil extraction enhance quality, purity, and yield, boosting commercial viability. These innovations drive cost-effectiveness for manufacturers, facilitating broader market penetration and meeting rising consumer demand. Improved extraction methods ensure higher-quality products, fueling growth in the hemp oil industry and supporting its integration into various sectors.

• Expansion of Distribution Channels

The hemp oil market is benefiting from the proliferation of online retail channels and the entrance of mainstream retailers. This expansion significantly broadens the accessibility and availability of hemp oil products, allowing them to reach a wider audience of consumers seeking natural and wellness-oriented solutions for their health and skincare needs.

Restraints/Challenges

• Issues in Quality Control

Ensuring consistent quality and potency of hemp oil is hindered by diverse cultivation methods, extraction techniques, and a lack of standardized testing protocols. These variations pose challenges in maintaining product reliability and may undermine consumer trust in the market's offerings.   

• International Trade Restrictions

International trade restrictions, stemming from variations in regulations and trade policies across countries, pose significant barriers to importing and exporting hemp oil products. These inconsistencies hinder market expansion by creating logistical challenges and limiting the industry's global reach.

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.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Hemp Oil Market Scope

The market is segmented on the basis of products, type, source, component, extraction process, grade, distribution channel, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Products

• Hemp Seed Oil
• CBD Oil
• Hemp Flower Oil

 Type

• Original
• Blended

 Source

• Organic
• Inorganic

 Component

• Hemp Seed Oil
• Hemp CBD Oil

 Extraction Process

• Cold Pressed Hemp Seed Oil
• Refined Hemp Seed Oil

 Grade

• Food Grade
• Pharmaceutical Grade

 Distribution Channel

• Direct
• Indirect

 Application

• Food and Beverages
• Personal Care/Cosmetics
• Pharma and Nutraceuticals
• Industrial Application
• Agriculture
• Animal Feed
• Others

Hemp Oil Market Regional Analysis

The market is analysed and market size insights and trends are provided by country, products, type, source, component, extraction process, grade, distribution channel, and application as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

North America is expected to dominate the hemp oil market and maintain its leading position throughout the forecast period. This dominance is driven by the increasing adoption of hemp oil-based personal care products, alongside its rising use in the food and beverage industry. The region's progressive regulatory environment, along with growing consumer awareness of the health benefits of hemp oil, further supports its widespread use, contributing to the continued market growth and expansion in North America.

Asia-Pacific is expected to show significant growth in the hemp oil market during the forecast period, driven by the high adoption of hemp oil-based anti-aging products. The region's increasing consumer awareness of natural and organic skincare solutions is fueling demand for such products. In addition, rising disposable incomes and the growing wellness trend across countries such as China, India, and Japan are further boosting market expansion in Asia-Pacific, positioning it to register the highest CAGR.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Hemp Oil Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Hemp Oil Market Leaders Operating in the Market Are:

• Nutiva Inc. (U.S.)
• Canopy Growth Corporation (Canada)
• Connolis LLC (U.S.)
• Maverik Oils (U.S.)
• NP Nutra (U.S.)
• Agropro (Austria)
• Canah International SRL (Romania)
• Ecofiber Limited (Australia)
• 13 Seeds Hemp Farm (Australia)
• Elixinol Wellness Limited (Australia)
• BOHECO (India)
• Manitoba Harvest (Canada)
• Sky Organics (U.S.)
• Velona (Sri Lanka)
• Live Verdure Ltd. (13 Seeds) (Australia)
• BOMBAY HEMP COMPANY PVT. LTD. (BOHECO) (India)
• Bioriginal Food & Science Corp (Canada)

Latest Developments in Hemp Oil Market

• In March 2021, Yooma Wellness Inc. expanded its presence in the hemp oil market by acquiring Socati Corp. This move aimed to broaden the company's geographic reach and strengthen its position in distributing and marketing hemp-derived wellness products, capitalizing on the growing demand for cannabinoid-based offerings
• In April 2020, QEMP entered the hemp oil market with the launch of qemp ZERO, a THC-free hemp seed oil infused with organic herbs. Positioned to tap into the rising interest in hemp-based products, qemp ZERO offers various benefits such as antioxidant support, catering to consumers seeking non-GMO, vegan options in hemp wellness
• In February 2020, Linwoods entered the hemp oil market with MULTIBOOST, a range of organic hemp seed mixes. Designed to enhance nutritional health, MULTIBOOST features organic milled hemp seeds, flax, chia seeds, mulberries, and mixed nuts. With versatile usage in salads, smoothies, dressings, and yoghurt, Linwoods targets health-conscious consumers seeking convenient hemp-infused dietary supplements

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