Cannabidiol Oil Market Size, Share, Sales, Analysis, Forecast By Source (Marijuana and Hemp), By Distribution Channel (B2B and B2C), By Application (Pharmaceuticals, Personal Use, Wellness, and Medical), By Geography, Industry Competition & Player Profiles, 2023 - 2032
The Cannabidiol Oil Market was worth US$ 5.4 Billion in 2019 and is expected to expand at a CAGR of 20% through 2030. The cannabidiol oil is majorly being used in wellness and medical sectors owing to its healing properties.
Cannabidiol oil is commonly popular as CBD. CBD offers several health benefits which is anticipated to propel the growth of global market during the forecast period. CBD has pain relieving properties which makes it useful in treatment of chronic pain by together with neurotransmitters, reducing inflammation, and impacting endocannabinoid receptor activity. It can also reduce depression and anxiety.
According to a study conducted by WHO, depression is one of the largest contributors in rising occurrences of disability. However, anxiety holds the sixth position. Moreover, cannabidiol oil helps in reducing acne, contain neuroprotective properties, and helps in improving heart health. Moreover, government approvals in several nations such as? is anticipated to increase the product adoption and utilization in forthcoming years.
Based on region, North America is anticipated to be the leading region while Asia Pacific is projected to witness highest CAGR during the forecast period. China is one of the largest hemp cultivators, nearly 50% of world’s hemp production is generated from China itself. The country exports its more than 90% of production to several countries including Japan, Netherlands, U.K., Germany, and U.S. This is anticipated to fuel the cannabidiol oil adoption in Asia Pacific.
Moreover, rising number of American countries legalizing use of cannabis for medical purposes is expected to favor the regional growth. Additionally, implementation of Farm Bill in U.S. to allow hemp-derive cannabidiol oil is one of the major driving factors for the regional growth. Middle East & Africa is also expected to witness noteworthy growth over the forecast period. However, growth of cannabidiol oil market in South America is anticipated to be stagnant.
Cannabidiol Oil Market Value Share Analysis, by Geography (2022)
The report titled “Cannabidiol Oil Market- Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Cannabidiol Oil Market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Cannabidiol Oil Market is segmented on the basis of source, distribution channel, and application. Based on source, the global market can be bifurcated into marijuana and hemp. On the basis of distribution channel, the global market can be segmented into B2B and B2C. The B2C segment is further sub segmented into retail stores, online, and hospital pharmacies. Furthermore, the application segment can be divided into pharmaceuticals personal use, wellness, and medical. The wellness segment is sub segmented into Nutraceuticals, Personal Care & Cosmetics, Food & Beverages, and Others. Similarly, the medical segment can be sub segmented into cancer, mental disorder, chronic pain, and others. Based on geography, the global Cannabidiol Oil Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Cannabidiol Oil. Further, market share of prominent companies in the global cannabidiol oil market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the cannabidiol oil companies. The global cannabidiol oil market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the cannabidiol oil business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global cannabidiol oil market.
The global cannabidiol oil market is highly competitive with several regional and global players. Companies are focused on gaining competitive edge by implementing various organic growth strategies. Some of the prominent player involved in global Cannabidiol Oil Market include Emblem Cannabis, Aphria Inc., NuLeaf Naturals, Folium Biosciences, Absolute Terps, Freedom Leaf, Inc., Whistler Medical Marijuana Corporation, Green Roads of Florida, LLC, Pharmahemp, Charlotte's Web Holdings, Inc., HempLife Today, ENDOCA, Kazmira LLC, CBD American Shaman, Curaleaf Holdings, Inc., CV Sciences, Inc., MedMen Enterprises Inc., Medical Marijuana, Inc., Aurora Cannabis, and Canopy Growth Corporation.
Market Segmentation:
By Source:
- Marijuana
- Hemp
By Distribution Channel:
- B2B
- B2C
- Retail Stores
- Online
- Hospital Pharmacies
By Application:
- Pharmaceuticals
- Personal Use
- Wellness
- Nutraceuticals
- Personal Care & Cosmetics
- Food & Beverages
- Others
- Medical
- Cancer
- Mental Disorder
- Chronic Pain
- Others
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Cannabidiol Oil Market
- Global Cannabidiol Oil Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Cannabidiol Oil Market Analysis and Forecast, by Source
- Overview and definitions
- Key segment analysis
- Global Cannabidiol Oil Market Estimates (US$ Mn), by Source, 2019 – 2032
- Marijuana
- Hemp
- Global Cannabidiol Oil Market Analysis and Forecast, by Product Type
- Overview and definitions
- Key segment analysis
- Global Cannabidiol Oil Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Pharmaceuticals
- Personal Care & Cosmetics
- Food & Beverages
- Pet care
- Others
- Global Cannabidiol Oil Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Cannabidiol Oil Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Cannabidiol Oil Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Cannabidiol Oil Market Estimates (US$ Mn), by Source, 2019 – 2032
- Marijuana
- Hemp
- North America Cannabidiol Oil Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Pharmaceuticals
- Personal Care & Cosmetics
- Food & Beverages
- Pet care
- Others
- North America Cannabidiol Oil Market Estimates (US$ Mn), Country, 2019 – 2032
- United States
- Canada
- Mexico
- Rest of North America
- Europe Cannabidiol Oil Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Cannabidiol Oil Market Estimates (US$ Mn), by Source, 2019 – 2032
- Marijuana
- Hemp
- Europe Cannabidiol Oil Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Pharmaceuticals
- Personal Care & Cosmetics
- Food & Beverages
- Pet care
- Others
- Europe Cannabidiol Oil Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- France
- Italy
- Rest of Europe
- Asia Pacific Cannabidiol Oil Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Cannabidiol Oil Market Estimates (US$ Mn), by Source, 2019 – 2032
- Marijuana
- Hemp
- Asia Pacific Cannabidiol Oil Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Pharmaceuticals
- Personal Care & Cosmetics
- Food & Beverages
- Pet care
- Others
- Asia Pacific Cannabidiol Oil Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa Cannabidiol Oil Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Cannabidiol Oil Market Estimates (US$ Mn), by Source, 2019 – 2032
- Marijuana
- Hemp
- Middle East & Africa Cannabidiol Oil Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Pharmaceuticals
- Personal Care & Cosmetics
- Food & Beverages
- Pet care
- Others
- Middle East & Africa Cannabidiol Oil Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East & Africa
- South America Cannabidiol Oil Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Cannabidiol Oil Market Estimates (US$ Mn), by Source, 2019 – 2032
- Marijuana
- Hemp
- South America Cannabidiol Oil Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Pharmaceuticals
- Personal Care & Cosmetics
- Food & Beverages
- Pet care
- Others
- South America Cannabidiol Oil Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Cannabidiol Oil Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Aurora Cannabis
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Canopy Growth Corp.
- CBD American Shaman LLC
- CV Sciences Inc.
- Elixinol Global Ltd.
- Endoca BV
- Gaia Botanics
- Isodiol International Inc.
- Medical Marijuana Inc.
- NuLeaf Naturals LLC
- Aurora Cannabis
- Conclusion & Recommendations
Frequently asked questions about this report
What are the top players active in the Cannabidiol Oil Market?
The major active players are Emblem Cannabis, Aphria Inc., NuLeaf Naturals, Folium Biosciences, Absolute Terps, Freedom Leaf, Inc., Whistler Medical Marijuana Corporation, Green Roads of Florida, LLC, Pharmahemp, and others.
How can I get a sample report for the Cannabidiol Oil market?
The sample report for the Cannabidiol Oil Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
What are the different sources of Cannabidiol Oil used?
Based on source, the Cannabidiol Oil market is segmented into marijuana and hemp.
Which segment accounted for the largest Cannabidiol Oil market share?
Rising number of American countries legalizing use of cannabis for medical purposes is expected to favor the regional growth. Implementation of Farm Bill in U.S. to allow hemp-derive cannabidiol oil is one of the major driving factors for the regional growth.