- 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
- The Hemp Seed Oil segment dominated the market with the largest revenue share of 47.5% in 2024, driven by its extensive use in food, cosmetics, and nutritional supplements
