The Global CBD Oil Market Size accounted for USD 5.24 Billion in 2024 and is estimated to achieve a market size of USD 18.34 Billion by 2033 growing at a CAGR of 15.1% from 2025 to 2033.

CBD Oil Market Highlights

• Global CBD oil market revenue is poised to garner USD 18.34 billion by 2033 with a CAGR of 15.1% from 2025 to 2033
• According to the National Institute of Health (NIH), many countries and U.S. states have legalized cannabis for medical use, including Peru, Germany, New Zealand, and the Netherlands
• North America CBD oil market value occupied around USD 3.09 billion in 2024
• Asia-Pacific CBD oil market growth will record a CAGR of more than 15.8% from 2025 to 2033
• Among source, the hemp derived CBD oil sub-segment generated 60% of share in 2024
• Growing availability of CBD in oils, edibles, skincare, and beverages is a popular market trend that fuels the industry demand

CBD oil (Cannabidiol oil) is a natural extract obtained from the cannabis plant, particularly hemp. CBD, unlike THC, is not psychoactive, which means it does not cause a feeling of being intoxicated. It is extensively used for its possible health advantages, which include pain alleviation, reduced anxiety, better sleep, and anti-inflammatory qualities. CBD oil is used in a variety of goods including tinctures, capsules, sweets, cosmetics, and pet supplements. Its applications include medical treatments, personal wellbeing, cosmetics, food and beverages, and veterinary care.

According to the National Institute of Health (NIH), the usage of cannabidiol (CBD) is becoming more common, with cannabis-based medications being actively studied for their potential as analgesics. In 2021, the International Association for the Study of Pain (IASP) formed a task force to conduct a series of narrative and systematic reviews, as well as meta-analysis. These studies investigated many elements of preclinical and clinical pain research, including the efficacy and safety of cannabinoids as pain relievers.

Global CBD Oil Market Dynamics

Market Drivers

• Growing consumer awareness about the health benefits of CBD oil
• Legalization and regulatory approvals in various countries
• Rising demand for wellness and natural supplements across industries

Market Restraints

• Stringent regulations and legal uncertainties in different regions
• High production costs due to complex extraction processes
• Lack of standardized quality control leading to consumer skepticism

Market Opportunities

• Expansion into pharmaceutical applications for pain and mental health treatments
• Growth in e-commerce and direct-to-consumer sales channels
• Product innovations in food, beverages, and cosmetics incorporating CBD oil

CBD Oil Market Report Coverage

CBD Oil Market Insights

The rising demand for CBD oil due to its health benefits is propelling the cannabidiol oil market forward. For example, the National Institute of Health (NIH) asserts that CBD is nonintoxicating because it does not have psychotropic properties. However, it provides various pharmacological benefits, including analgesic and anti-inflammatory characteristics, which are accomplished via inhibiting cyclooxygenase and lipoxygenase. Notably, it has substantially stronger anti-inflammatory properties than acetylsalicylic acid. Furthermore, cannabidiol inhibits leukotriene TXB4 production in polymorphonuclear cells. Several research have confirmed CBD's anxiolytic, antiemetic, antipsychotic, and neuroprotective antioxidant effects. These findings bolster CBD oil's credibility, increasing its popularity in the healthcare and pharmaceutical industries.

Furthermore, rising demand for health and natural supplements across industries promotes cannabidiol (CBD) oil market growth. According to the NIH, the growing usage of CBD and hemp in the food business is being driven by increased awareness of their potential health advantages. Hemp-based compounds such as oils, proteins, fibers, hemp tea, and hemp milk are becoming increasingly popular in culinary products, providing a natural alternative to traditional ingredients while improving overall health. As CBD becomes a prominent element in certain foods, its applications in nutrition and pharmacology grow, indicating a dramatic shift in the business. The incorporation of CBD into functional meals as a natural supplement adds to cannabidiol oil market growth.

Furthermore, the inclusion of CBD in pharmaceutical applications for pain and mental health therapies represents a substantial growth opportunity for the cannabidiol (CBD) oil market. For example, in May 2022, Medical Marijuana, Inc. established a pharmaceutical subsidiary, HM Pharma, in Brazil to expand access to CBD products in pharmacies. This strategy facilitated regulatory clearances and expanded pharmacy distribution, enhancing CBD's reputation and speeding up its acceptance in the pharmaceutical business.

CBD Oil Market Segmentation

The worldwide market for CBD oil is split based on source, product type, application, distribution channel, and geography.

CBD Oil Market By Source

• Marijuana Derived CBD Oil
• Hemp Derived CBD Oil

According to CBD oil industry analysis, hemp-derived CBD oil is projected to dominate because of its legal benefits, decreased THC level, and widespread customer acceptability. Unlike marijuana-derived CBD, hemp-based products meet regulatory standards in many nations, making them more available for commercial use. Furthermore, hemp is a sustainable crop that grows quickly and uses little resources, making it an economical choice for large-scale production. With increased demand for health items, pharmaceuticals, and food supplements, hemp-derived CBD oil remains the market's favored source.

CBD Oil Market By Product Type

• Full-spectrum CBD oil
• Broad-spectrum CBD oil
• CBD isolate

According to CBD oil industry analysis, full-spectrum CBD oil is expected to expand in the business due to its enhanced medicinal advantages, known as the entourage effect. Unlike CBD isolates, full-spectrum CBD contains a variety of cannabinoids, terpenes, and flavonoids that interact together to enhance efficacy. Consumers are increasingly interested in its potential for improved pain alleviation, anxiety reduction, and general wellness support. As knowledge of its holistic advantages rises and laws develop, full-spectrum CBD oil is gaining popularity throughout the health, wellness, and pharmaceutical sectors.

CBD Oil Market By Application

• Pharmaceuticals
• Personal care and Cosmetics
• Food and Beverages
• Wellness

According to CBD oil industry analysis, in recent years, pharmaceutical applications dominate the business due to increased clinical research demonstrating their efficacy in treating a variety of medical ailments. CBD-based drugs are widely utilized to treat pain, epilepsy, anxiety, and neurological disorders, increasing demand in the healthcare industry. Regulatory approvals, including as the FDA's approval of Epidiolex for epilepsy, have helped to boost CBD's credibility in the pharmaceutical industry. As more nations legalize medicinal CBD and research expands, pharmaceutical applications continue to lead the cannabidiol oil market, ensuring long-term growth.

CBD Oil Market By Distribution Channel

• Online Retail
• Pharmacies & Drug Stores
• Specialty Stores
• Supermarkets & Hypermarkets

According to CBD oil market forecast, pharmacies and drugstores offer medically supervised, high-quality items with governmental clearances, ensuring consumer trust. With the growing use of CBD for pain management, anxiety, and neurological illnesses, pharmacies play an important role in dispensing prescription and over-the-counter CBD medicines. Meanwhile, online retail is expanding rapidly due to convenience, increased product availability, and direct-to-consumer sales, allowing firms to access a global audience. Specialty retailers cater to niche clients seeking premium, organic, or full-spectrum CBD products, but supermarkets and hypermarkets are extending their CBD options, making products more accessible to regular people.

CBD Oil Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of LATAM

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

CBD Oil Market Regional Analysis

In terms of regional segments, North America dominates the cannabidiol oil market, owing to early legalization, widespread consumer awareness, and a well-established cannabis industry, particularly in the United States and Canada. The presence of prominent market players, combined with increased demand for medical and wellness applications, is driving significant growth. For example, in October 2022, Charlotte's Web Holdings, Inc. collaborated with GoPuff to offer CBD oil tinctures, topical creams, balms, and other CBD products in Arizona, Illinois, California, and New York. Furthermore, favorable rules and increased availability via pharmacies, internet platforms, and retail storefronts strengthen North America's cannabidiol (CBD) oil market dominance.

Asia-Pacific’s cannabidiol oil market is quickly expanding as legislative frameworks improve, allowing for broader acceptability and economic expansion. Countries such as China, India, Japan, South Korea are at the forefront of medical CBD acceptance, driving demand in the pharmaceutical and wellness sectors. Asia-Pacific is emerging as a key growth area for CBD oil, driven by increased investment in research and product innovation.

CBD Oil Market Players

Some of the top CBD oil companies offered in our report includes Evora Worldwide, Aurora Cannabis Inc, Bluebird Botanicals, Hempstrol, BIOTA Biosciences LLC, Medical Mary, LLC, Neurogan, Charlotte’s Web, Elixinol, Endoca, Green Roads, Health Horizons, and Medterra CBD.

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