Global Cbd Oil Market
Market Size in USD Billion
CAGR :
% 
USD
17.30 Billion
USD
82.17 Billion
2024
2032
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 17.30 Billion |
 Market Size (Forecast Year) |
USD 82.17 Billion |
 CAGR |
% |
| Major Markets Players |
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Global Cannabidiol (CBD) Oil Extract Market Segmentation, By Source Type (Hemp and Marijuana), Extract Type (Full Spectrum Extracts and Cannabis Isolates), Extraction Method (Solvent Based and Non-Solvent Based), Distribution Channel (B2B and B2C), End Use (Medical, Personal use, Pharmaceutical, and Wellness) – Industry Trends and Forecast to 2032.
Cannabidiol (CBD) Oil Market Size
- The global cannabidiol (CBD) oil market size was valued at USD 17.30 billion in 2024 and is expected to reach USD 82.17 billion by 2032, at a CAGR of 21.50% during the forecast period
- The market growth is primarily driven by increasing consumer awareness of CBD’s potential health benefits, growing legalization of cannabis products, and advancements in extraction technologies, leading to broader adoption in medical, pharmaceutical, and wellness applications
- Rising demand for natural and organic wellness products, coupled with expanding applications in personal care and medical treatments, is positioning CBD oil as a preferred choice for consumers and businesses, significantly boosting industry growth
Cannabidiol (CBD) Oil Market Analysis
- CBD oil, derived from hemp or marijuana, is a key component in wellness, medical, and pharmaceutical products due to its non-psychoactive properties, offering benefits such as pain relief, anxiety reduction, and anti-inflammatory effects
- The surge in demand for CBD oil is fueled by growing consumer interest in natural health solutions, increasing legalization of cannabis-based products, and the convenience of diverse product formats such as tinctures, capsules, and topicals
- North America dominated the CBD oil market with the largest revenue share of 42.5% in 2024, driven by early legalization of hemp-derived CBD, high consumer awareness, and a robust presence of key industry players. The U.S. leads with significant growth in CBD product adoption, particularly in wellness and medical applications, supported by innovations from established companies and startups
- Asia-Pacific is expected to be the fastest-growing region during the forecast period, propelled by increasing acceptance of CBD products, rising disposable incomes, and growing urbanization
- The hemp segment dominated the largest market revenue share of 56.8% in 2024, driven by its legal status in many regions, including the U.S., Canada, and parts of Europe, where hemp-derived CBD with less than 0.3% THC is widely permitted
Report Scope and Cannabidiol (CBD) Oil Market Segmentation
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Attributes |
Cannabidiol (CBD) Oil Key Market Insights |
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Segments Covered |
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Countries Covered |
North America
Europe
Asia-Pacific
Middle East and Africa
South America
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Key Market Players |
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Market Opportunities |
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Value Added Data Infosets |
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 import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework. |
Cannabidiol (CBD) Oil Market Trends
“Increasing Integration of Advanced Extraction Methods and Distribution Channels”
- The global cannabidiol (CBD) oil market is experiencing a significant trend toward the integration of advanced extraction methods, such as supercritical CO2 and nanoemulsion technologies, which enhance the purity and bioavailability of CBD products
- These advanced techniques allow for more efficient and precise extraction of cannabinoids, resulting in higher-quality CBD oil with consistent potency and minimal impurities
- Companies are leveraging big data analytics to optimize supply chains and distribution channels, enabling better inventory management, demand forecasting, and targeted marketing strategies
- For instance, leading manufacturers are using data-driven insights to streamline B2B and B2C distribution, tailoring product offerings to meet specific consumer preferences in medical, personal use, pharmaceutical, and wellness applications
- Enhanced distribution channels, including e-commerce platforms and partnerships with retail pharmacies, are improving accessibility and driving consumer adoption globally.
Cannabidiol (CBD) Oil Market Dynamics
Driver
“Rising Demand for Health and Wellness Products”
- Growing consumer awareness of CBD oil’s potential therapeutic benefits, such as pain relief, anxiety reduction, and anti-inflammatory properties, is a major driver of the global CBD oil market
- The increasing legalization of hemp-derived CBD products in various regions, particularly following the 2018 Farm Bill in the United States, has expanded market opportunities and consumer access
- The proliferation of wellness trends and the demand for natural, plant-based remedies are fueling the adoption of CBD oil in applications such as nutraceuticals, cosmetics, and food and beverages
- Government approvals and regulatory advancements in regions such as North America and Europe are supporting the integration of CBD into pharmaceutical and medical applications, further driving market growth
- The rise of e-commerce and online pharmacies has made CBD oil more accessible, catering to a growing consumer base seeking personalized health and wellness solutions.
Restraint/Challenge
“High Production Costs and Regulatory Complexities”
- The high cost of implementing advanced extraction technologies, such as supercritical CO2 or non-solvent-based methods, poses a significant barrier to entry for smaller manufacturers, particularly in emerging markets
- The complex and fragmented regulatory landscape across countries, with varying rules on CBD production, distribution, and usage, creates challenges for market expansion and compliance
- Data security and consumer privacy concerns arise due to the collection of sensitive purchasing and usage data through online platforms and B2C channels, raising risks of breaches or misuse
- Lack of standardization in CBD oil production and labeling, coupled with limited consumer awareness in some regions, can hinder trust and adoption, especially in markets with stringent regulations
- These factors may limit market growth in cost-sensitive regions or areas with high regulatory scrutiny, such as parts of Asia-Pacific and the Middle East.
Cannabidiol (CBD) Oil market Scope
The market is segmented on the basis of source type, extract type, extraction method, distribution channel, and end use.
- By Source Type
On the basis of source type, the global cannabidiol (CBD) oil extract market is segmented into hemp and marijuana. The hemp segment dominated the largest market revenue share of 56.8% in 2024, driven by its legal status in many regions, including the U.S., Canada, and parts of Europe, where hemp-derived CBD with less than 0.3% THC is widely permitted. This regulatory clarity facilitates broader production and distribution.
The marijuana segment is expected to witness the fastest growth rate of 19.5% from 2025 to 2032, fueled by increasing legalization of marijuana-based CBD products for medical and therapeutic applications, particularly in regions with progressive cannabis regulations. The higher CBD concentration in marijuana allows for more potent formulations.
- By Extract Type
On the basis of extract type, the global cannabidiol (CBD) oil extract market is segmented into full spectrum extracts and cannabis isolates. The full spectrum extracts segment is expected to hold the largest market revenue share of 70.7% in 2024, attributed to its entourage effect, where the synergistic interaction of cannabinoids and terpenes enhances therapeutic benefits, appealing to consumers seeking holistic wellness solutions.
The cannabis isolates segment is anticipated to experience the fastest growth rate of 21.0% from 2025 to 2032, driven by demand for pure CBD products free of THC and other cannabinoids. This purity is preferred for precise dosing and by consumers with sensitivities or those requiring high-potency medical applications.
- By Extraction Method
On the basis of extraction method, the global cannabidiol (CBD) oil extract market is segmented into solvent based and non-solvent based. The solvent based segment is expected to hold the largest market revenue share of 60.2% in 2024, owing to its efficiency, cost-effectiveness, and FDA-approved solvents, making it a preferred method for producing CBD extracts for pharmaceuticals, personal care, and food industries.
The non-solvent based segment is projected to witness significant growth from 2025 to 2032, driven by consumer preference for cleaner, more natural extraction methods such as CO2 extraction, which ensures higher purity and bioavailability without residual solvents. Advancements in technology further support its adoption.
- By Distribution Channel
On the basis of distribution channel, the global cannabidiol (CBD) oil extract market is segmented into B2B and B2C. The B2B segment dominated the market with a revenue share of 56.0% in 2024, driven by bulk purchasing by pharmaceutical, wellness, and food and beverage companies for manufacturing CBD-infused products. The growing number of wholesalers and expanding consumer base further bolster this segment.
The B2C segment is expected to witness the fastest growth rate of 20.5% from 2025 to 2032, fueled by increasing consumer awareness of CBD’s health benefits and the rise of e-commerce platforms, retail pharmacies, and online stores offering diverse CBD products such as oils, edibles, and topicals.
- By End Use
On the basis of end use, the global cannabidiol (CBD) oil extract market is segmented into medical, personal use, pharmaceutical, and wellness. The pharmaceutical segment held the largest market revenue share of 38.2% in 2024, driven by CBD’s therapeutic applications in treating conditions such as epilepsy, chronic pain, and anxiety, supported by regulatory approvals such as Epidiolex for seizure treatment.
The wellness segment is anticipated to experience rapid growth of 22.3% from 2025 to 2032, fueled by rising consumer demand for CBD-infused products in cosmetics, nutraceuticals, and food and beverages, driven by trends toward natural and plant-based health solutions.
Cannabidiol (CBD) Oil Market Regional Analysis
- North America dominated the CBD oil market with the largest revenue share of 42.5% in 2024, driven by early legalization of hemp-derived CBD, high consumer awareness, and a robust presence of key industry players
- Consumers prioritize CBD oil for its potential therapeutic benefits, including pain relief, anxiety reduction, and improved sleep quality, particularly in regions with high health and wellness awareness.
- Growth is supported by advancements in extraction technologies, such as solvent-based and non-solvent-based methods, alongside increasing adoption in both B2B and B2C distribution channels across medical, pharmaceutical, and personal use segments.
U.S. Cannabidiol (CBD) Oil Market Insight
The U.S. cannabidiol (CBD) oil market captured the largest revenue share of 78.8% in 2024 within North America, fueled by robust consumer awareness of CBD’s health benefits and a strong B2C market for wellness products. The trend towards natural health remedies and favorable regulations for hemp-derived CBD products drive market expansion. The integration of CBD oil in pharmaceuticals and personal care products, combined with a thriving e-commerce ecosystem, supports sustained growth.
Europe Cannabidiol (CBD) Oil Market Insight
The Europe CBD oil market is expected to witness significant growth, supported by increasing regulatory clarity for hemp-based products and rising consumer interest in natural wellness solutions. Demand is driven by full-spectrum extracts and cannabis isolates used in medical and personal care applications. Countries such as Germany and France show notable uptake due to growing acceptance of CBD for therapeutic purposes and expanding retail channels.
U.K. Cannabidiol (CBD) Oil Market Insight
The U.K. market for CBD oil is expected to witness rapid growth, driven by increasing consumer demand for wellness products and growing awareness of CBD’s potential benefits for stress relief and sleep improvement. Evolving regulations ensure product safety and quality, influencing consumer trust. The rise of B2C channels, including online platforms and health stores, accelerates market penetration.
Germany Cannabidiol (CBD) Oil Market Insight
Germany is expected to witness significant growth in the CBD oil market, attributed to its advanced pharmaceutical sector and high consumer focus on natural health solutions. German consumers prefer high-quality, full-spectrum CBD extracts for medical and wellness applications. Strong domestic production capabilities and integration of CBD in premium wellness products support sustained market growth.
Asia-Pacific Cannabidiol (CBD) Oil Market Insight
The Asia-Pacific region is expected to witness the fastest growth rate, driven by rising disposable incomes, increasing health awareness, and expanding legalization of hemp-derived CBD in countries such as China, Japan, and India. Growing demand for CBD oil in personal use and wellness applications, coupled with government initiatives promoting natural health products, boosts market expansion.
Japan Cannabidiol (CBD) Oil Market Insight
Japan’s CBD oil market is expected to witness rapid growth due to strong consumer preference for high-quality, non-psychoactive CBD products that support wellness and stress relief. The presence of major health and wellness brands and increasing integration of CBD in B2C channels, such as online retail, accelerate market growth. Rising interest in personal use applications further contributes to expansion.
China Cannabidiol (CBD) Oil Market Insight
China holds the largest share of the Asia-Pacific CBD oil market, propelled by rapid urbanization, increasing health consciousness, and growing demand for wellness products. The country’s expanding middle class and focus on natural health solutions support the adoption of CBD oil. Strong domestic manufacturing capabilities and competitive pricing enhance market accessibility, particularly for hemp-derived full-spectrum extracts.
Cannabidiol (CBD) Oil Market Share
The cannabidiol (CBD) oil industry is primarily led by well-established companies, including:
- Canopy Growth Corporation (Canada)
- The Cronos Group (Canada)
- Tilray. (U.S.)
- Hexo (Canada)
- CannTrust (Canada)
- Aurora Cannabis Inc. (Canada)
- GW Pharmaceuticals plc. (UK)
- VIVO Cannabis Inc. (Canada)c
- Alkaline88, LLC. (U.S.)
- NewAge Inc. (U.S.)
- CANNABIS Aphria (Canada)
- CURA CS, LLC. (U.S.)
- KAZMIRA (U.S.)
- Curaleaf (U.S.)
- CannazALL (U.S.)
What are the Recent Developments in Global Cannabidiol (CBD) Oil Market?
- In May 2025, Awshad, an Indian medical cannabis brand, launched its new product line, CalmaGummies, a plant-based supplement designed to promote relaxation, focus, and restful sleep. Each gummy contains 135mg of full-spectrum hemp extract, combining CBD and THC for a balanced wellness solution. This launch marks Awshad's entry into the gummy segment and addresses the growing demand for holistic, non-invasive health alternatives in India
- In March 2024, Cannaray Limited, a European medical cannabis company, announced a definitive agreement to merge with Aqualitas Inc., a Canadian medical cannabis cultivator and processor. This merger aims to create a global, vertically integrated business, providing high-quality and consistent medical cannabis products to patients, especially in the European medical cannabis sector, leveraging recent legalization changes in Germany
- In September 2023, 4Front Ventures Corp. expanded its product offerings in Illinois under its premium flower brand, Island Cannabis Co., introducing a new 7g size of Island's premium flower and Island Classic Single Strain 1g Pre-Rolls. This expansion further solidifies 4Front's presence in key markets and caters to evolving consumer preferences for diverse cannabis formats
- In September 2023, Aurora Cannabis Inc. partnered with Herbarium, a prominent Brazilian herbal medicine company, to extend its hemp-derived CBD offerings into Brazil. This collaboration introduces a full-spectrum, single-source 3% CBD oil under the Herbarium brand, aiming to bolster Aurora Cannabis's presence and customer base in the Brazilian market
- In March 2023, Entourage Health Corp., a Canadian cannabis producer, expanded its product portfolio under Color Cannabis and Saturday Cannabis brands. The new offerings feature unique cannabis cultivars, large-format flower, and infused pre-rolls, initially available in Ontario and Alberta, with plans for a nationwide rollout, indicating a focus on product diversification and market reach
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Global Cbd Oil Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Cbd Oil Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Cbd Oil Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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