The Report Covers Cannabidiol Market Trends and the Market is Segmented by Source (Hemp and Marijuana), Application (Anxiety/ Stress, Neurological Conditions, Skin Care, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Market Provides the Value (in USD Million) for the Above-Mentioned Segments.

Global Cannabidiol Market size was valued at around USD 22.7 billion in 2023 and is projected to grow at a CAGR of around 19.21% during the forecast period 2024-30. increasing popularity of functional CBD products is one of the key trends shaping the growth of cbd market.

It is expected that U.S. consumer sales of cannabidiol (CBD) will reach around 1.8 billion U.S. dollars by 2022, which would represent a significant increase from around half a billion U.S. dollars in 2018. Following a similar trajectory, sales of legal cannabis in the U.S. are projected to hit 23 billion U.S. dollars in 2025.

What are the benefits of CBD? Cannabidiol is a naturally occurring substance found in cannabis. However, CBD does not cause any of the psychoactive effects that come from another active ingredient found in the plant: tetrahydrocannabinol (THC). The health benefits of the plant extract continue to be examined, and the World Health Organization states that CBD exhibits no effects indicative of any abuse or dependence potential. The CBD retail industry is already flourishing, with a wide range of products marketed as treatments for chronic pain, anxiety, and depression.

CBD in the USA: sales by state With estimated sales of around 730 million U.S. dollars, California had the biggest CBD market in the United States in 2019. Regulations concerning the use of cannabidiols are yet to be clearly defined, and state authorities are having to answer numerous questions about its legality. It is, however, currently illegal under U.S. law to market CBD by adding it to a food or labeling it as a dietary supplement. As of March 2020, the FDA has approved only one CBD product: Epidiolex. The prescription drug is used to treat two rare and severe forms of epilepsy.

The Report Covers Global CBD Hemp Oil Market Forecast & Companies. The Industry is Segmented by Product (Marijuana-Based and Hemp Based), Application (Multiple Sclerosis, Depression and Sleep Disorders, Neurological Pain, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Value is Provided (in USD Million) for the Above Segments.

The global cannabidiol market is valued at US $ 5.14 billion in 2021 and is projected to grow at a CAGR of 16.9% during the forecast period.

According to Cognitive Market Research, the global CBD Beverages Market size is USD 4518.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 24.20% from 2024 to 2031.

North America held the major market of more than 40 % of the global revenue with a market size of USD 1807.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD USD 1355.46 million. 
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1039.19 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.2% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 14,621.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.6% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 4518.2 Million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.9% from 2024 to 2031.
The hemp-derived products had the largest share in the global CBD Beverages Market by application.

Market Dynamics of CBD Beverages Market

Key Drivers of CBD Beverages Market

Surging Interest in Cannabis: Elevated Demand for CBD-Infused Beverages as Global Acceptance Grows

The global landscape is witnessing a substantial rise in the popularity of cannabis, both as a medicinal product and a recreational substance, fostering an increasing demand for beverages enriched with cannabidiol (CBD). The escalating legalization of cannabis for medicinal and recreational use worldwide has become a pivotal driver behind this trend. Consumers are gravitating towards CBD-infused drinks due to a heightened understanding of the diverse benefits associated with cannabidiol, including stress alleviation, inflammation reduction, and pain management.

This evolving acceptance of cannabis for its dual role as a therapeutic aid and recreational indulgence is reshaping consumer preferences and steering the global market towards innovative CBD-infused beverage offerings. The surge in popularity is not confined to geographical boundaries, as international borders increasingly accommodate cannabis for various applications. As a result, the market is experiencing notable expansion, driven by the confluence of changing regulatory landscapes and a growing awareness of the multifaceted advantages that CBD can offer in enhancing overall well-being.

Growing Demand for CBD Beverages Amid Rising Neurological and Mental Health Challenges

The spike in neurological and mental health disorders has significantly increased the demand for CBD-infused beverages. Changing consumer preferences, especially in the realm of beverages, are driven by the escalating prevalence of respiratory issues associated with traditional cannabis smoking. The popularity of beverages incorporating cannabidiol (CBD) is further fueled by the rising incidence of neurological and mental illnesses. This surge can be attributed to the non-psychotropic properties of CBD, which play a pivotal role in minimizing the risk of drug-induced experiences for consumers.

The market for CBD-infused beverages experiences positive revenue growth, primarily influenced by the augmented willingness of potential buyers to invest in legal CBD drinks. This trend underscores a transformative shift in consumer mindset, signifying a growing acceptance and eagerness to allocate resources to legal and regulated CBD-infused beverages. The evolving landscape suggests a broader embrace of CBD products as consumers increasingly recognize and prioritize the benefits of these non-intoxicating compounds for both physical and mental well-being.

Restraint Factors Of CBD Beverages Market

Challenging Regulatory Procedures Hamper Growth in the CBD Beverage Market

The absence of clearly defined regulations for CBD beverages in certain regions poses a significant challenge to manufacturers and retailers, impeding the potential growth of the market. The lack of consistency in standards regarding CBD dosage, manufacturing practices, quality control, and related aspects leads to a wide range of product quality, resulting in confusion among consumers. Navigating the intricate and varying regulatory landscape for CBD products, especially beverages, becomes ...

The Cannabis Industry Report is Segmented by Product Type (Capsules, Concentrates, Edibles, and Other Product Types), Application (Medical and Recreational), Compound Type (Tetrahydrocannabinol (THC), Cannabidiol (CBD), and Balanced THC and CBD), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers Market Size and Forecasts for all the Above Segments in Value (USD).

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Cannabidiol (CBD) Oil Market Size 2025-2029

The cannabidiol (cbd) oil market size is forecast to increase by USD 8.23 billion at a CAGR of 29.4% between 2024 and 2029.

The market is witnessing significant growth due to increasing consumer interest in cannabinoids for various applications. One of the key sectors driving this market is the cosmetics industry, where CBD oil is being used in skincare products for its antioxidant properties. Medical marijuana legalization in several regions is also fueling the demand for CBD oil. However, there are challenges associated with the market, including potential adverse effects from overconsumption of CBD oil. These effects can range from drowsiness and diarrhea to more serious conditions like liver damage. Additionally, the production process of CBD oil involves complex techniques such as chromatography, which can increase production costs.Another emerging trend In the market is the development of transdermal CBD patches and CBD oil for pet care. As LED technology advances, CBD oil is also being used in combination with light therapy for enhanced therapeutic benefits. Overall, the CBD oil market is poised for continued growth, with opportunities in personal care, medical marijuana, and other industries.

What will be the Size of the Cannabidiol (CBD) Oil Market during the forecast period?

Request Free SampleThe market encompasses a range of consumer goods, including tinctures, oils, body lotions, capsules, vaping devices, transdermal patches, and personal care items. This burgeoning market is driven by growing consumer interest in CBD's potential health benefits, which span various applications, from treating anxiety and pain to improving pet health. The legalization of CBD in several regions has fueled market expansion, with producers employing diverse manufacturing processes, processing techniques, and testing methodologies to meet increasing demand. CBD's versatile uses extend to treatments and medications across the health and beauty sectors. Consumer attitudes towards CBD continue to evolve, with openness towards this non-psychoactive compound derived from cannabis.Regulatory processes and government measures remain key factors shaping the market's direction, as the global CBD business continues to evolve and mature. CBD acids and their derivatives are at the heart of this dynamic industry, offering a multitude of opportunities for innovation and growth.

How is this Cannabidiol (CBD) Oil Industry segmented?

The cannabidiol (cbd) oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductMarijuana derived CBD oilHemp derived CBD oilApplicationPharmaceuticalsPersonal care and cosmeticsFood and beveragesWellnessGeographyNorth AmericaCanadaUSAPACChinaIndiaJapanSouth KoreaEuropeGermanyUKFranceItalySouth AmericaMiddle East and Africa

By Product Insights

The marijuana derived cbd oil segment is estimated to witness significant growth during the forecast period.CBD oil derived from marijuana is gaining popularity among consumers due to its broader range of therapeutic components, including cannabinoids and terpenes. Full-spectrum CBD oil is believed to have an entourage effect, enhancing the overall therapeutic benefits of CBD. The potential medicinal uses of CBD oil, such as pain relief, anxiety reduction, and anti-inflammatory properties, are driving demand. As research advances and public perception shifts, marijuana-derived CBD oil is increasingly viewed as a natural alternative for managing various health conditions. Regions with marijuana legalization, such as North America and Europe, are major contributors to the global CBD business. Key market drivers include consumer attitudes, legalization, and the variety of CBD products available, including tinctures, oils, body lotions, capsules, vaping devices, transdermal patches, and personal care items.Manufacturing processes, testing methodologies, and consumer safety assurance are crucial considerations In the CBD industry. CBD-based treatments and medications are also gaining traction In the pharmaceutical business. The global CBD market size is projected to grow significantly, with market segmentation in solid and liquid forms, skincare products, and various applications.

Get a glance at the market report of share of various segments Request Free Sample

The Marijuana derived CBD oil segment was valued at USD 637.50 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 59% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

CBD Pet Products Market Report is Segmented by Type (Food-Grade and Therapeutic-Grade), Animal Type (Dog, Cat, and Other Pets), Distribution Channel (Online Retail Channels, Retail Pharmacies, Veterinary Clinics, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The Report Offers Market Size and Forecasts in Terms of Value (USD) for all the Above Segments.

Sales of CBD products in the United States stood at 4.17 billion U.S. dollars in 2022. By 2026, this market is expected to grow to 4.23 billion dollars in value.

The global CBD gummies market size reached USD 4.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 32.0 Billion by 2033, exhibiting a growth rate (CAGR) of 25.14% during 2025-2033. The market is experiencing significant growth driven by increasing consumer interest in cannabidiol-infused products for their potential health benefits and convenience, rapid expansion of distribution channels, and the easy availability of cannabidiol-infused products in physical and online retail stores.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on concentration, packaging, and distribution channel.

According to Cognitive Market Research, the global CBD Product market size is USD 7815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 16.20% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 3126.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 2344.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1797.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.2% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 390.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.6% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 156.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.9% from 2024 to 2031.
The Hemp held the highest CBD Product market revenue share in 2024.

Market Dynamics of CBD Product Market

Key Drivers of CBD Product Market

Growing Scientific Research to Increase the Demand Globally

Promising effects of CBD are still being found in science for a number of ailments, including anxiety, pain, inflammation, and sleep difficulties. The amount of evidence that is accumulating is increasing customer interest and propelling the CBD market's notable growth. Research suggests that CBD can reduce symptoms and enhance quality of life, which is why people looking for natural substitutes for traditional treatments are adopting it at a higher rate. Demand for CBD products is rising as more people become aware of its potential therapeutic benefits, which is indicative of a move toward more holistic wellness strategies. This pattern emphasizes how crucial it is to continue researching CBD in order to understand its workings and maximize its effectiveness for a range of medical issues.

Legalization and Regulatory Changes to Propel Market Growth

An important turning point was reached when the 2018 Farm Bill was passed in the US, legalizing CBD derived from hemp and creating a plethora of new market potential. A framework for the manufacture, marketing, and distribution of CBD products was established by this regulatory milestone, which promoted greater consumer confidence and accessibility. The worldwide CBD market was further supported by parallel regulatory changes in other countries, which also created an atmosphere that was more conducive to innovation, research, and commercialization. Because of this, the CBD market is expanding and offers a wide range of products to suit different needs and tastes. These legislative reforms have not only accelerated economic growth but also made CBD's potential health advantages more accessible to consumers, highlighting the importance of changing regulatory environments in determining the direction of the CBD market.

Restraint Factors of CBD Product Market

Stringent Regulations and Compliance Challenges to Limit the Sales

Tight laws and differing standards of compliance present major obstacles for CBD producers and sellers, requiring careful maneuvering to guarantee compliance with various legal systems in various nations and jurisdictions. The disarray of rules not only makes operations more difficult, but it also raises the expense of compliance because companies have to spend a lot of money on legal counsel and in-depth study to stay current with changing standards. Furthermore, inconsistent restrictions can impede market expansion and breed uncertainty, which makes it harder for companies to grow and innovate. Despite these difficulties, maintaining long-term viability and fostering consumer trust in the quickly developing CBD market require aggressive interaction with regulatory agencies and investments in strong compliance standards.

Impact of Covid-19 on the CBD Product Market

The COVID-19 pandemic had a variety of effects on the CBD product market. Sales first declined as a result of supply chain disruptions and store closings. However, as the epidemic spread, there was a noticeable spike in demand for CBD products due to a rise in people turning to natural solutions for their stress, anxiety, and sleep difficulties. The number ...

Cannabidiol (CBD) Market Outlook

The global Cannabidiol (CBD) Market size was valued at USD 395.2 Million in 2019 and is projected to reach USD 3,420.4 Million by 2027, expanding around a CAGR of 30.4% during the forecast period, 2020-2027. Cannabidiol (CBD) is a naturally occurring chemical compound found in cannabis plants and accounts for 40% of plant extract. It is immiscible in water but miscible in organic solvents such as hexane or pentane. It is a colorless crystalline solid at room temperature and can be cyclized to Tetrahydrocannabinol (THC) under acidic conditions.



CBD-based products such as oils, gums, supplements, and high-concentration extracts are used for the treatment of many ailments such as anxiety, cognition, disturbed sleep, diabetes, and pain.

Cannabidiol (CBD) Market Dynamics

Rising use of cannabis in several products due to increasing consumer preference for CBD products is fueling the growth of the market. Approval of pharmaceutical CBD products for several cancer patients to manage pain is driving market growth. Increasing usage of CBD in medical applications, skin care products, beverages, and supplements is anticipated to propel market growth.



The growth of the market can be attributed to the substantial R&D and investments in the pharmaceutical industry. In term of consumption, market share of North America is growing due to the rise in use of CBD for medical purposes such as pain management.



Moreover, legalization of CBD has eliminated the need for prescription. This, in turn, is expected to fuel market growth. Market players are creating their online selling platforms for the sale of products, which is boosting the sale of CBD, thus catapulting the market growth.

Cannabidiol (CBD) Market Segment Insights

On the basis of product type, the global Cannabidiol (CBD) Market is segmented as isolate, full spectrum, and broad spectrum. Isolate segment is anticipated to expand at a CAGR of around 30.5% during the forecast period as it produces cleaner and healthier oil as compared to a

Discover the flourishing Europe CBD market projected to grow at a 24.57% CAGR by 2028. Legalization and increasing acceptance drive the market's expansion.

The global CBD nutraceuticals market size is expected to reach USD 19.25 billion by 2028 according to a new study by Polaris Market Research

Get detailed insights into the current valuation of Cannabidiol (CBD) market size, including growth analysis, current market status and future market projections.

According to Cognitive Market Research, the global Cannabis market size will be USD 58614.5 million in 2024. It will expand at the compound annual growth rate (CAGR) of 35.00% from the year 2024 to 2031.

North America held the primary market share for more than 40% of global revenue with a market size of USD 23445.80 million in 2024 and will rise at a compound annual growth rate (CAGR) of 33.2% from the year 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 17584.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 13481.34 million in 2024 and will rise at the compound annual growth rate (CAGR) of 37.0% from the year 2024 to 2031.
Latin America held a market share of more than 5% of global revenue with a market size of USD 2930.73 million in 2024 and will rise at the compound annual growth rate (CAGR) of 34.4% from the year 2024 to 2031.
Middle East and Africa held a market share of around 2% of global revenue and estimated at a market size of USD 1172.29 million in 2024 and will rise at the compound annual growth rate (CAGR) of 34.7% from the year 2024 to 2031.
The concentrates category is the fastest growing segment of the Cannabis industry

Market Dynamics of Cannabis Market

Key Drivers for Cannabis Market

Increasing Legalization and Decriminalization of Cannabis to Boost Market Growth

The growing trend of cannabis legalization and decriminalization across various countries and states is a significant driving factor for the cannabis market. Governments are recognizing the economic potential of legal cannabis through tax revenues and job creation, leading to the gradual relaxation of laws surrounding its production, distribution, and consumption. Legalization has expanded access to medical and recreational cannabis, encouraging more consumers to explore its benefits. In regions like North America and Europe, regulatory shifts have fostered a thriving market for cannabis-based products, including oils, edibles, and topicals. This trend is also driving innovation, attracting investments, and minimizing the stigma associated with cannabis use, further boosting its adoption. As more countries follow suit, the global cannabis market is foreseen to rise significantly, propelled by both increased accessibility and consumer interest. For instance, CV Sciences, Inc. introduced its +PlusCBD reserve collection of extra gummies. The reserve collection product line offers a blend of full-spectrum cannabinoids capable of providing relief when intense support is required

Rising Demand for Medical Cannabis to Drive Market Growth

The increasing acceptance of cannabis for medical purposes is another major factor driving market growth. Scientific studies and clinical trials have highlighted the therapeutic benefits of cannabis compounds, particularly cannabidiol (CBD) and tetrahydrocannabinol (THC), in managing chronic pain, anxiety, epilepsy, and other conditions. This has led to growing prescriptions for cannabis-based medications in healthcare systems worldwide. The ageing global population and surging prevalence of chronic diseases have further spurred demand for medical cannabis as a natural and effective treatment option. The advancements in extraction technologies and product formulations have made cannabis-derived pharmaceuticals more accessible and standardized, enhancing their appeal among patients and healthcare professionals. With ongoing research and increasing acceptance, the medical cannabis segment is poised to play a pivotal role in the expansion of the overall cannabis market.

Restraint Factor for the Cannabis Market

Stringent Regulatory Frameworks and Legal Restrictions Will Limit Market Growth

The cannabis market faces significant restraints due to stringent regulatory frameworks and inconsistent legal statuses across different regions. While some countries and states have legalized medical or recreational cannabis, many others continue to impose strict prohibitions. Even in legalized areas, taxation policies, complex licensing requirements, and compliance costs pose challenges for market participants. These barriers limit market entry for smaller businesses and slow the expansion of cannabis-related products. Additionally, the lack of global standardization in regulations complicates international trade and investment opportunities. The stigma assoc...

Get detailed insights into the current valuation of Cannabidiol (CBD) Oil market size, including growth analysis, current market status and future market projections.

The global cannabidiol market is poised to increase from USD 9.27 billion in 2024 to USD 61.72 billion by 2037, registering a CAGR of more than 15.7% during the forecast period, from 2025 through 2037. Key industry players include Medical Marijuana Inc., Cannoid, LLC, Isodiol International Inc., among others.

According to Cognitive Market Research, the global cannabidiol (CBD) hemp oil market size was USD 10.3 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 39.8% from 2023 to 2030. Growing Awareness of Health Benefits to Provide Viable Market Output

Cannabidiol (CBD) hemp oil's potential health advantages are becoming more widely recognized, a key factor in the market's expansion. The therapeutic benefits of (CBD) have been highlighted by scientific studies and anecdotal data, including its capacity to ease pain, lessen anxiety, and promote sleep. This increased awareness has sparked a boom in consumer interest, especially among those looking for alternative and natural treatments. (CBD) hemp oil is a viable choice as people become more health-conscious and look for natural wellness methods. The market has grown due to the trend toward preventative healthcare and the desire to use less conventional drugs. Customers are more likely to investigate (CBD) as a non-intoxicating and helpful addition to their wellness regimens.

Market Dynamics of Cannabinoid Hemp Oil

Lack of Regulatory Clarity and Standardization to Hinder Market Growth

Uncertainty is caused by the absence of uniform laws and standards governing (CBD) products for customers and business owners. It can be challenging to understand the complicated regulatory environment resulting from the many ways different nations and regions have adopted to regulate (CBD). While some regions have accepted (CBD) as a wellness product and imposed particular restrictions on its sale and consumption, others continue to impose tougher rules or even outright bans.

Impact of COVID–19 on the Cannabidiol (CBD) Hemp Oil Market

The market for cannabidiol (CBD) hemp oil was affected by the COVID-19 epidemic in different ways. Initially, product availability difficulties were caused by supply chain and retail channel disruptions. However, demand for wellness and stress-relieving items increased during lockdowns, especially (CBD) oil. Direct-to-consumer business strategies and online sales gained popularity. Introduction of Cannabinoid Hemp Oil

Several factors impact the market for hemp oil containing cannabidiol (CBD). The demand is fuelled by growing knowledge of the potential health advantages of (CBD) oil, including its alleged capacity for pain relief and anxiety reduction. Furthermore, market expansion is influenced by legal or decriminalization modifications to (CBD) in various jurisdictions. The expanding trend toward holistic well-being and natural cures also fuels its popularity. The quality of the final product is improved through technological advances in extraction methods. Additionally, the expansion of e-commerce and the accessibility of products broaden market reach. Research into novel applications helps to fuel market expansion. Overall, the market for (CBD) hemp oil is driven by a convergence of legal, consumer, health, and technology reasons.

These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Cannabidiol (CBD) Hemp Oil industry.

The use of (CBD) hemp oil is permitted in different nations. As of the most recent news, numerous nations, including the United States, Canada, and several European nations, have legalized (CBD) derived from hemp with less than 0.3% THC (the psychoactive component in cannabis). 

(Source: www.ncbi.nlm.nih.gov/pmc/articles/PMC6043845/)