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CBD Hemp Oil Market "(By Product Type: Oils, Tinctures, Capsules, Topicals & Edibles); (By Distribution Channel: Internet Sellers, Specialised Shops, And Retailers for Natural Health Products)”- Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2023-2030

A prominent research firm, Cognizance Market Research added a cutting-edge industry report on ” CBD Hemp Oil Market”. The report studies the current as well as past growth trends and opportunities for the market to gain valuable insights during the forecast period from 2023 to 2030.

CBD Hemp Oil Market Analysis:

According to cognizance market research the CBD Hemp Oil Market was valued at US$ 1,567.9 Million in 2022 and is anticipated to reach US$ 3,873.1 Million by the end of 2030 with a CAGR of 11.2% from 2023 to 2030.

cbd hemp oil market

What is CBD Hemp Oil Market?

Cannabidiol (CBD), a non-psychoactive chemical present in the cannabis plant, is used to create goods that are sold all over the world. This sector is referred to as the CBD hemp oil market. Since hemp-derived CBD contains only minuscule levels of the hallucinogenic substance tetrahydrocannabinol, it is permitted in many nations, including the United States.

Due to rising consumer interest in organic health and wellness products as well as CBD’s alleged therapeutic benefits, the market for CBD hemp oil products has expanded significantly in recent years. CBD hemp oil comes in a variety of forms, including oils, tinctures, capsules, topicals, and edibles, and is frequently used to treat symptoms like pain, anxiety, and inflammation.

Products containing CBD hemp oil can be found in a variety of formats, including oils, tinctures, capsules, topicals, and consumables. With a market share of more than 60% in 2020, CBD oil and tinctures are the most popular goods. The market for CBD lotions and balms is expanding quickly as well.

Items containing CBD hemp oil are distributed through a variety of channels, including as internet merchants, specialised shops, and sellers of natural health products. With a market share of more than 50% in 2020, online sales will continue to be the most common channel. However, consumers are increasingly turning to physical establishments for individualised counsel and direction.

CBD Hemp Oil Market Outlook:

The market for CBD hemp oil has a promising future, and in the years to come, growth is predicted to continue. Here are some important elements that are probably going to fuel the market’s expansion.

Demand for goods containing CBD-rich hemp oil is projected to rise as more customers become aware of the potential health advantages of this substance. Many customers are turning to CBD as a natural substitute for medicines since it is commonly thought to help reduce symptoms including pain, anxiety, and inflammation.

For businesses in the CBD hemp oil industry, the legalisation of hemp and hemp-derived goods, including CBD, in many nations has opened up new business prospects. More businesses are anticipated to enter the market as CBD rules become clearer and more standardised.

Businesses in the CBD hemp oil industry are consistently growing their product portfolios and creating fresh, cutting-edge goods to satisfy consumers’ changing wants. Due to businesses’ increased ability to provide clients with a greater selection of items, the market is projected to develop as a result.

The market for CBD hemp oil is probably going to rise as a result of people’s increasing acceptance of natural health goods. Goods containing CBD hemp oil are well-positioned to benefit from the fact that many customers are turning to natural products as a method to enhance their general health and wellbeing.

The market for CBD hemp oil is anticipated to expand overall during the next several years as a result of rising consumer demand, governmental reforms, and market innovation. The market, however, is also expected to encounter difficulties like regulatory ambiguity and competition from other natural health products.

Segment Analysis:

The CBD hemp oil market can be segmented on the basis of product type, distribution channel, and geography.

The market for CBD hemp oil may be divided into categories such as oils, tinctures, capsules, topicals, and edibles. With a market share of more than 60% in 2020, oils and tinctures will continue to be the most often used items. Due of its potential therapeutic advantages for skin-related disorders, demand for CBD topicals, such as creams and balms, is also rising quickly.

The market for CBD hemp oil may be divided into internet sellers, specialised shops, and retailers for natural health products. With a market share of more than 50% in 2020, online sales will continue to be the most common channel. However, consumers are increasingly turning to physical establishments for individualised counsel and direction.

Geographical Analysis:

Based on geography the CBD Hemp Oil Market has been segmented into five main regions namely, North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

The United States has been the main driver of market expansion in North America, which now has the largest market for CBD hemp oil. There are now a lot more CBD products available, and demand for CBD hemp oil has increased as a result of the legalisation of hemp and hemp-derived goods in the United States. Due to rising consumer awareness of the potential health advantages of CBD and the development of new and inventive products, the market is anticipated to continue expanding in North America.

With rising demand for CBD products in nations like China, Japan, and Australia, Asia Pacific is a developing market in the CBD hemp oil sector. Due to the increasing acceptance of natural health products and the potential for CBD products to help treat symptoms like anxiety, pain, and inflammation, the market in this region is anticipated to expand quickly. The expansion of the market in this region, however, may be hampered by regulatory ambiguity in several nations.

geographical analysis


The report offers the revenue of the CBD Hemp Oil Market for the period 2020-2030, considering 2020 & 2021 as a historical year, 2022 as the base year and 2023 to 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the CBD Hemp Oil Market for the forecast period. The CBD Hemp Oil Market report provides insights and in-depth analysis into developments impacting enterprises and businesses on a regional and global level. The report covers the CBD Hemp Oil Market performance in terms of revenue contribution from several segments and comprises a detailed analysis of key drivers, trends, restraints, and opportunities prompting revenue growth of the CBD Hemp Oil Market.

The report has been prepared after wide-ranging secondary and primary research. Secondary research included internet sources, numerical data from government organizations, trade associations, and websites. Analysts have also employed an amalgamation of bottom-up and top-down approaches to study numerous phenomena in the CBD Hemp Oil Market. Secondary research involved a detailed analysis of significant players’ product portfolio. Literature review, press releases, annual reports, white paper, and relevant documents have been also studied to understand the CBD Hemp Oil Market. Primary research involved a great extent of research efforts, wherein experts carried out interviews telephonic as well as questioner-based with industry experts and opinion-makers.

The report includes an executive summary, along with a growth pattern of different segmented included in the scope of the study. The Y-o-Y analysis with elaborate market insights has been provided in the report to comprehend the Y-o-Y trends in the CBD Hemp Oil Market. Additionally, the report focuses on altering competitive dynamics in the global market. These indices serve as valued tools for present market players as well as for companies interested in participating in the CBD Hemp Oil Market. The subsequent section of the CBD Hemp Oil Market report highlights the USPs, which include key industry events (Type launch, research partnership, acquisition, etc.), technology advancements, pipeline analysis, prevalence data, and regulatory scenario.

CBD Hemp Oil Market Competitive Landscape:

Due to the abundance of small and medium-sized businesses participating in the CBD hemp oil sector, the competitive environment is extremely fragmented. The following are a few of the market’s major players:

  • Charlotte’s Web Holdings, Inc.
  • CV Sciences, Inc.
  • Isodiol International Inc.
  • Elixinol Global Limited
  • Medical Marijuana Inc.
  • Aurora Cannabis Inc.
  • Canopy Growth Corporation
  • Folium Biosciences
  • Gaia Herbs

These businesses are putting their attention on tactics like product innovation, strategic alliances, and mergers and acquisitions in order to increase their market share and stay competitive. As an illustration, Charlotte’s Web Holdings, Inc. announced in 2020 a strategic relationship with the vitamin and supplement retailer Vitamin Shoppe to distribute its CBD products in more than 700 locations across the United States. In a similar vein, Canopy Growth Corporation purchased The Supreme Cannabis Company in 2021 in order to broaden its line of products and distribution channels in Canada.

The CBD hemp oil industry is also experiencing an infusion of new entrants, including startups and well-known businesses from other sectors, in addition to these existing competitors. These businesses are attempting to take advantage of the rising demand for CBD hemp oil products by creating novel items and utilising cutting-edge technologies. The CBD hemp oil market is anticipated to experience increased competition as it expands and changes, spurring further innovation and differentiation among market participants.


CBD Hemp Oil Market, By Product Type:

  • Oils
  • Tinctures
  • Capsules
  • Topicals
  • Edibles

CBD Hemp Oil Market, By Distribution Channel:

  • Internet Sellers
  • Specialised Shops
  • Retailers For Natural Health Products

CBD Hemp Oil Market , by region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia & New Zealand
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
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Table of Content

Research Methodology: Aspects

Market research is a crucial tool for organizations aiming to navigate the dynamic landscape of customer preferences, business trends, and competitive landscapes. At Cognizance Market Research, acknowledging the importance of robust research methodologies is vital to delivering actionable insights to our clientele. The significance of such methodologies lies in their capability to offer clarity in complexity, guiding strategic management with realistic evidence rather than speculation. Our clientele seek insights that excel superficial observations, reaching deep into the details of consumer behaviours, market dynamics, and evolving opportunities. These insights serve as the basis upon which businesses craft tailored approaches, optimize product offerings, and gain a competitive edge in an ever-growing marketplace.

The frequency of information updates is a cornerstone of our commitment to providing timely, relevant, and accurate insights. Cognizance Market Research adheres to a rigorous schedule of data collection, analysis, and distribution to ensure that our reports reflect the most current market realities. This proactive approach enables our clients to stay ahead of the curve, capitalize on emerging trends, and mitigate risks associated with outdated information.

Our research process is characterized by meticulous attention to detail and methodological rigor. It begins with a comprehensive understanding of client objectives, industry dynamics, and research scope. Leveraging a combination of primary and secondary research methodologies, we gather data from diverse sources including surveys, interviews, industry reports, and proprietary databases. Rigorous data analysis techniques are then employed to derive meaningful insights, identify patterns, and uncover actionable recommendations. Throughout the process, we remain vigilant in upholding the highest standards of data integrity, ensuring that our findings are robust, reliable, and actionable.

Key phases involved in in our research process are mentioned below:


Understanding Clients’ Objectives:

Extensive Discussions and Consultations:

  • We initiate in-depth discussions and consultations with our clients to gain a comprehensive understanding of their objectives. This involves actively listening to their needs, concerns, and aspirations regarding the research project.
  • Through these interactions, we aim to uncover the underlying motivations driving their research requirements and the specific outcomes they hope to achieve.

Industry and Market Segment Analysis:

  • We invest time and effort in comprehensively understanding our clients’ industry and market segment. This involves conducting thorough research into market trends, competitive dynamics, regulatory frameworks, and emerging opportunities or threats.
  • By acquiring a deep understanding of the broader industry landscape, we can provide context-rich insights that resonate with our clients’ strategic objectives.

Target Audience Understanding:

  • We analyze our clients’ target audience demographics, behaviors, preferences, and needs to align our research efforts with their consumer-centric objectives. This entails segmenting the audience based on various criteria such as age, gender, income level, geographic location, and psychographic factors.
  • By understanding the nuances of the target audience, we can tailor our research methodologies to gather relevant data that illuminates consumer perceptions, attitudes, and purchase intent.


Identifying Challenges and Opportunities:

  • We proactively identify the challenges and opportunities facing our clients within their respective industries. This involves conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses and competitive benchmarking exercises.
  • By identifying potential obstacles and growth drivers, we can provide strategic recommendations that help our clients navigate complexities and capitalize on emerging opportunities effectively.

Grasping Specific Goals:

  • We delve into the intricacies of our clients’ objectives to gain clarity on the specific goals they aim to accomplish through the research. This entails understanding their desired outcomes, such as market expansion, product development, or competitive analysis.
  • By gaining a nuanced understanding of our clients’ goals, we can tailor our research approach to address their unique challenges and opportunities effectively.

Data Collection:


Primary Research Process:

  • Surveys: We design and administer surveys tailored to capture specific information relevant to our clients’ objectives. This may involve employing various survey methodologies, such as online, telephone, or face-to-face interviews, to reach target audiences effectively.
  • Interviews: We conduct structured or semi-structured interviews with key stakeholders, industry experts, or target consumers to gather in-depth insights and perspectives on relevant topics. These interviews allow us to probe deeper into specific issues and uncover valuable qualitative data.
  • Focus Groups: We organize focus group discussions with carefully selected participants to facilitate interactive discussions and gather collective opinions, attitudes, and preferences. This qualitative research method provides rich contextual insights into consumer behaviors and perceptions.
  • Observations: We conduct observational research by directly observing consumer behaviors, interactions, and experiences in real-world settings. This method enables us to gather objective data on consumer actions and reactions without relying on self-reported information.

Secondary Research Process:

  • Literature Review: We conduct comprehensive literature reviews to identify existing studies, academic articles, and industry reports relevant to the research topic. This helps us gain insights into previous research findings, theoretical frameworks, and best practices.
  • Industry Reports: We analyze industry reports published by reputable trade associations (whitepapers, research studies, etc.), and government agencies (U.S. Census Bureau, Bureau of Labor Statistics, and Securities and Exchange Commission etc.) to obtain macro-level insights into market trends, competitive landscapes, and industry dynamics.
  • Government Publications: We review government publications, such as economic reports, regulatory documents, and statistical databases, to gather relevant data on demographics, market size, consumer spending patterns, and regulatory frameworks.
  • Online Databases: We leverage online databases, such as industry portals, and academic repositories (PubMed Central (PMC), ScienceDirect, SSRN (Social Science Research Network), Directory of Open Access Journals (DOAJ), NCBI, etc.), to access a wide range of secondary data sources, including market statistics, financial data, and industry analyses.





Data Analysis:

The data analysis phase serves as a critical juncture where raw data is transformed into actionable insights that inform strategic decision-making. Through the utilization of analytical methods such as statistical analysis and qualitative techniques like thematic coding, we uncover patterns, correlations, and trends within the data. By ensuring the integrity and validity of our findings, we strive to provide clients with accurate and reliable insights that accurately reflect the realities of the market landscape.



Transformation of Raw Data:

  • Upon collecting the necessary data, we transition into the data analysis phase, where raw data is processed and transformed into actionable insights. This involves organizing, cleaning, and structuring the data to prepare it for analysis.

Utilization of Analytical Methods:

  • Depending on the research objectives, we employ a diverse range of analytical methods to extract meaningful insights from the data. These methods include statistical analysis, trend analysis, regression analysis, and qualitative coding.

Statistical Analysis:

  • Statistical tools are instrumental in uncovering patterns, correlations, and trends within the data. By applying statistical techniques such as descriptive statistics, hypothesis testing, and multivariate analysis, we can discern relationships and derive valuable insights.

Qualitative Analysis Techniques:

  • In addition to quantitative analysis, we leverage qualitative analysis techniques to gain deeper insights from qualitative data sources such as interviews or open-ended survey responses. One such technique is thematic coding, which involves systematically categorizing and interpreting themes or patterns within qualitative data.

Integrity and Validity Maintenance:

  • Throughout the analysis process, we maintain a steadfast commitment to upholding the integrity and validity of our findings. This entails rigorous adherence to established methodologies, transparency in data handling, and thorough validation of analytical outcomes.

Data Validation:

The final phase of our research methodology is data validation, which is essential for ensuring the reliability and credibility of our findings. Validation involves scrutinizing the collected data to identify any inconsistencies, errors, or biases that may have crept in during the research process. We employ various validation techniques, including cross-referencing data from multiple sources, conducting validity checks on survey instruments, and seeking feedback from independent experts or peer reviewers. Additionally, we leverage internal quality assurance protocols to verify the accuracy and integrity of our analysis. By subjecting our findings to rigorous validation procedures, we instill confidence in our clients that the insights they receive are robust, reliable, and trustworthy.


Importance of Data Validation:

  • Data validation is the final phase of the research methodology, crucial for ensuring the reliability and credibility of the findings. It involves a systematic process of reviewing and verifying the collected data to detect any inconsistencies, errors, or biases.

Scrutiny of Collected Data:

  • The validation process begins with a thorough scrutiny of the collected data to identify any discrepancies or anomalies. This entails comparing data points, checking for outliers, and verifying the accuracy of data entries against the original sources.

Validation Techniques:

  • Various validation techniques are employed to ensure the accuracy and integrity of the data. These include cross-referencing data from multiple sources to corroborate findings, conducting validity checks on survey instruments to assess the reliability of responses, and seeking feedback from independent experts or peer reviewers to validate the interpretation of results.

Internal Quality Assurance Protocols:

  • In addition to external validation measures, internal quality assurance protocols are implemented to further validate the accuracy of the analysis. This may involve conducting internal audits, peer reviews, or data validation checks to ensure that the research process adheres to established standards and guidelines.

Report Scope:



Market Size

US$ 3,873.1 Million (2030)

Compound Annual Growth Rate (CAGR)


Base Year


Forecast Period


Forecast Units

Value (US$ Million)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Geographies Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Countries Covered

U.S., Canada, Germany, U.K., France, Spain, Italy, Rest of Europe, Japan, China, India, Australia & New Zealand, South Korea, Rest of Asia Pacific, Brazil, Mexico, Rest of Latin America, GCC, South Africa, Rest of Middle East & Africa

Key Companies Profiled

Charlotte’s Web Holdings, Inc., CV Sciences, Inc., Isodiol International Inc., Elixinol Global Limited, Medical Marijuana Inc., Aurora Cannabis Inc., Canopy Growth Corporation, ENDOCA, Folium Biosciences, Gaia Herbs

Key Questions Answered in CBD Hemp Oil Market Report

Cannabidiol (CBD), a non-psychoactive compound found in the cannabis plant, is utilised to make products that are marketed all over the world. The CBD Hemp Oil Market is the market for products containing CBD. CBD hemp oil is used regularly to treat symptoms including pain, anxiety, and inflammation. It is available in a number of forms, including oils, tinctures, capsules, topicals, and edibles.

According to Cognizance Market Research, the CBD Hemp Oil was valued at US$ 1,567.9 Million in 2022 and is anticipated to reach US$ 3,873.1 Million by the end of 2030 with a CAGR of 11.2% from 2023 to 2030.

The most popular products, with a market share of more than 60% in 2020, are CBD oil and tinctures. Additionally, the market for CBD balms and lotions is growing significantly.

A number of distribution methods, including online retailers, specialty stores, and vendors of natural health goods, are used to offer products containing CBD hemp oil. Online sales will still be the most popular channel in 2020, with a market share of more than 50%.

Some significant drivers that are likely to fuel the market’s growth include demand for items containing CBD-rich hemp oil, firms in the CBD hemp oil sector, acceptance of natural health products, and growing consumer demand.

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