CBD Oil Market
CAGR of 5.8%
Market Size
global CBD oil market was valued at USD 4.88 billion in 2024 and is projected to reach USD 7.61 billion by 2032, growing at a CAGR of 5.8% during the forecast period (20252032).
Market Dynamics
• Drivers - Growing Consumer Awareness: Increasing awareness about the health benefits of CBD oil is driving market demand.
• Restraints - Regulatory Challenges: Varying legal frameworks across countries create hurdles for market expansion.
• Opportunities -Emerging Markets: Growing demand in Asia-Pacific and Latin America presents lucrative opportunities.
Regional Analysis
North America
• Largest market share due to widespread legalization and high consumer acceptance.
• Strong presence of key industry players and advanced R&D activities.
Europe
• Increasing acceptance of CBD-based products in countries like the UK, Germany, and France.
• Stringent regulations but a favorable outlook for medicinal cannabis.
Market Segmentation Analysis
By End User
• Marijuana-Derived CBD Oil
Products: Higher concentration of THC, primarily used for medical applications.
• Hemp-Derived CBD Oil
Products: Low THC content, widely used for wellness and therapeutic purposes.
By Application
• Anxiety: Increasing consumer preference for natural alternatives to anxiety medication is driving CBD oil demand.
• Fibromyalgia (FM): CBD oil's painrelieving properties make it a preferred choice for FM patients.
• Diabetes: Research on CBD’s potential benefits for diabetes management is encouraging product adoption.
Key Company
￭ENDOCA
￭Isodiol
￭Medical Marijuana ￭Aurora Cannabis ￭CBD American Shaman
Elixinol
Folium Biosciences
IRIE CBD
NuLeaf Naturals
ABOUT US
Established ourselves in the year 2015, Intel Market Reports is a popular market research company that provides an in-depth quantified market research report. The Purpose - To deliver effective and fruit-bearing market research reports. Our portfolio includes the list of 30+ companies belonging to the Fortune 500 list. We have achieved this milestone in less than half a decade.
