All updated as on -
CBD oil, also known as cannabidiol oil, had a market value of $14.20 billion in 2023. From 2024 to 2031, the CBD Oil (Cannabidiol Oil) market is expected to expand from 16.38 billion USD in 2024 to 51.71 billion USD in 2031, representing a CAGR (compound annual growth rate) of 17.60%. A number of factors are boosting the market for CBD oil, including its growing popularity for medicinal purposes, pet care, health and fitness, and the fact that its use is becoming allowed in some goods.
The use of cannabidiol oil in skincare products to combat acne and wrinkles is on the rise. To give just one example, Sephora now carries a range of cosmetics enriched with CBD. Ulta Beauty has similar intentions with their upcoming cannabidiol product line. Additionally, there are a lot of new companies getting into the cannabidiol cosmetics industry. The most important factor propelling the present market's growth is the increasing demand for CBD oil capsules for health and wellness applications, driven by the compound's medicinal effects. Government approvals have been shown to boost product acceptability and use, which is expected to lead to an increase in the manufacturing of goods infused with CBD.
An increasing number of people are turning to CBD products, which is fueling the rapid expansion of the CBD oil (Cannabidiol Oil) market. Government approvals are driving manufacturing and sales of CBD products, which in turn supports the growth of the industry. As a result of its efficacy in treating ailments like anxiety, pain, and seizures, CBD is experiencing a surge in demand among the health and wellness, fitness, and pet care industries. Market expansion for CBD oil is being propelled by the ever-increasing technological improvements in production technologies.
Thanks to breakthroughs in CBD oil extraction technology and improved understanding of its benefits, the CBD oil market is booming around the world. Several factors are expected to drive the market growth during the forecast period, including rising concerns about various neurological disorders, the legalization of marijuana in various regions, and the increasing use of CBD oil in cosmetics to treat skin issues like acne. Due to its ability to regulate the activity of the endocannabinoid system (ECS) and interact with neurotransmitters, CBD oil is experiencing a surge in demand as a medicinal element. This is primarily attributed to its pain-relieving abilities, but it is also a perfect component for anti-depression and anxiety therapies. Companies in the industry are planning to use cannabidiol in the production of lotions, skincare products, textile goods, and pet care products, which will increase demand for CBD oil.
Anxiety and stress can be lessened by using CBD oil plants made from hemp and marijuana, according to the research. As a result, a number of pharmaceutical companies are planning to introduce new pain relievers that contain CBD oil. Because of the loosening of cannabis-related regulations and the growing public awareness of its benefits, CBD oil's medicinal claims can now be legally made. In order to have a good night's rest, a lot of famous people use CBD oil and similar products. Because of this, the CBD Oil (Cannabidiol Oil) industry is booming.
Scientific studies have shown that cannabidiol (CBD) oil, which is derived from hemp and marijuana, can alleviate stress and anxiety. Insomnia, inflammatory pain, depression, and nerve pain are just some of the neurological disorders and conditions that can benefit from taking CBD oil as a supplement. This has led to a surge in the use of CBD oil into pain and anxiety medications. A lot of drug companies are considering adding CBD oil to their pain relievers and other innovative medicines. In 2021, for example, dosistTM debuted a revolutionary new line of CBD+ topical treatments that included natural remedies for discomfort.
Report Coverage
Global CBD oil research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global CBD oil report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and CBD oil competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key CBD oil market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global CBD oil market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, CBD oil market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Jazz Pharmaceutical plc., Elixinol Wellness Limited, ENDOCA, Medical Marijuana Inc., Nuleaf Naturals LLC, Isodiol International Inc., Pharmahemp doo, Folium Biosciences, Cannoid LLC
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global CBD oil market based on the below-mentioned segments:
Global CBD oil Market, By Source
Hemp
Marijuana
Global CBD oil market, By Sales
B2B
B2C
Global CBD oil market, Regional Analysis
The use of cannabidiol oil in skincare products to combat acne and wrinkles is on the rise. To give just one example, Sephora now carries a range of cosmetics enriched with CBD. Ulta Beauty has similar intentions with their upcoming cannabidiol product line. Additionally, there are a lot of new companies getting into the cannabidiol cosmetics industry. The most important factor propelling the present market's growth is the increasing demand for CBD oil capsules for health and wellness applications, driven by the compound's medicinal effects. Government approvals have been shown to boost product acceptability and use, which is expected to lead to an increase in the manufacturing of goods infused with CBD.
An increasing number of people are turning to CBD products, which is fueling the rapid expansion of the CBD oil (Cannabidiol Oil) market. Government approvals are driving manufacturing and sales of CBD products, which in turn supports the growth of the industry. As a result of its efficacy in treating ailments like anxiety, pain, and seizures, CBD is experiencing a surge in demand among the health and wellness, fitness, and pet care industries. Market expansion for CBD oil is being propelled by the ever-increasing technological improvements in production technologies.
Thanks to breakthroughs in CBD oil extraction technology and improved understanding of its benefits, the CBD oil market is booming around the world. Several factors are expected to drive the market growth during the forecast period, including rising concerns about various neurological disorders, the legalization of marijuana in various regions, and the increasing use of CBD oil in cosmetics to treat skin issues like acne. Due to its ability to regulate the activity of the endocannabinoid system (ECS) and interact with neurotransmitters, CBD oil is experiencing a surge in demand as a medicinal element. This is primarily attributed to its pain-relieving abilities, but it is also a perfect component for anti-depression and anxiety therapies. Companies in the industry are planning to use cannabidiol in the production of lotions, skincare products, textile goods, and pet care products, which will increase demand for CBD oil.
Anxiety and stress can be lessened by using CBD oil plants made from hemp and marijuana, according to the research. As a result, a number of pharmaceutical companies are planning to introduce new pain relievers that contain CBD oil. Because of the loosening of cannabis-related regulations and the growing public awareness of its benefits, CBD oil's medicinal claims can now be legally made. In order to have a good night's rest, a lot of famous people use CBD oil and similar products. Because of this, the CBD Oil (Cannabidiol Oil) industry is booming.
Scientific studies have shown that cannabidiol (CBD) oil, which is derived from hemp and marijuana, can alleviate stress and anxiety. Insomnia, inflammatory pain, depression, and nerve pain are just some of the neurological disorders and conditions that can benefit from taking CBD oil as a supplement. This has led to a surge in the use of CBD oil into pain and anxiety medications. A lot of drug companies are considering adding CBD oil to their pain relievers and other innovative medicines. In 2021, for example, dosistTM debuted a revolutionary new line of CBD+ topical treatments that included natural remedies for discomfort.
Report Coverage
Global CBD oil research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global CBD oil report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and CBD oil competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key CBD oil market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Jazz Pharmaceutical plc., Elixinol Wellness Limited, ENDOCA, Medical Marijuana Inc., Nuleaf Naturals LLC, Isodiol International Inc., Pharmahemp doo, Folium Biosciences, Cannoid LLC |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of CBD oil Market from 2021 to 2031.
- Market Forecast for CBD oil Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, CBD oil competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on CBD oil
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global CBD oil market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, CBD oil market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Jazz Pharmaceutical plc., Elixinol Wellness Limited, ENDOCA, Medical Marijuana Inc., Nuleaf Naturals LLC, Isodiol International Inc., Pharmahemp doo, Folium Biosciences, Cannoid LLC
Primary Target Market
- Market Players of CBD oil
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global CBD oil market based on the below-mentioned segments:
Global CBD oil Market, By Source
Hemp
Marijuana
Global CBD oil market, By Sales
B2B
B2C
Global CBD oil market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive cbd oil market market research and competitor analysis for your business to help you develop more profound insights into the cbd oil market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the cbd oil market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.