- The market is witnessing significant innovation in formulation and extraction methods, leading to more potent, bioavailable, and consumer-friendly oil products
- E-commerce and digital retailing are playing a crucial role in boosting product accessibility, helping brands reach niche health-conscious audiences across both developed and emerging economies
- North America dominated the full spectrum cannabidiol (CBD) oils market with the largest revenue share of 41.56% in 2024, driven by growing consumer acceptance of CBD products and favorable regulatory developments supporting hemp-derived formulations
- Asia-Pacific region is expected to witness the highest growth rate in the global full spectrum cannabidiol (CBD) oils market, driven by improving regulatory conditions, expanding e-commerce penetration, and rising demand for natural and plant-based healthcare solutions across countries such as China, Japan, India, and South Korea
- The cannabinoids segment accounted for the largest market revenue share of 47.9% in 2024, primarily driven by the increasing awareness of therapeutic benefits offered by compounds such as cannabidiol (CBD) and cannabigerol (CBG). Consumers are increasingly drawn to full spectrum products due to the combined impact of multiple cannabinoids, which are believed to provide greater efficacy through the entourage effect. The segment also benefits from expanding research initiatives and a rising demand for alternative wellness solutions
