The Market Reports

Synopsis

The global market for Cannabidiol Oil (CBD Oil) was estimated to be worth US$ 904 million in 2024 and is forecast to a readjusted size of US$ 3109 million by 2031 with a CAGR of 19.3% during the forecast period 2025-2031.

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Cannabidiol Oil (CBD Oil) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Cannabidiol (CBD) oil is a natural botanical concentrate derived from the cannabis plant, rich in the compound cannabidiol (CBD). Among the more than 85 cannabinoids identified in cannabis, CBD is the second most prevalent after tetrahydrocannabinol (THC). Unlike THC, CBD is non-psychoactive and is widely used for its potential therapeutic benefits, including relief from anxiety, inflammation, and epilepsy.

Global Cannabidiol Oil (CBD Oil) main players are Kazmira, HempLife Today, Cannavest, Pharmahemp, ENDOCA, etc. Global top four manufacturers hold a share over 35%. North America is the largest market, with a share over 50%.The cannabidiol (CBD) oil market has experienced rapid growth, particularly in North America, Europe, and select parts of Asia, driven by rising consumer interest in non-psychoactive, plant-based health products. Regulatory liberalization in various regions has opened the door for both established companies (e.g., Charlotte’s Web, CV Sciences) and emerging startups.

The upstream supply chain depends heavily on industrial hemp cultivation with high-CBD strains, while midstream involves technologically intensive extraction processes, such as supercritical CO₂ extraction. Downstream, CBD oil is widely applied in oral tinctures, softgels, topicals, and even pet wellness products. Future market drivers include increasing regulatory clarity, scientific validation of health benefits, standardization of product quality, and the expansion of global distribution networks. However, legal uncertainty in several jurisdictions and continued consumer education remain key barriers to broader market penetration.

This report aims to provide a comprehensive presentation of the global market for Cannabidiol Oil (CBD Oil), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Cannabidiol Oil (CBD Oil) by region & country, by Type, and by Application.

The Cannabidiol Oil (CBD Oil) market size, estimations, and forecasts are provided in terms of sales volume (Kg) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cannabidiol Oil (CBD Oil).

Market Segmentation

By Company

• Kazmira
• CV Sciences
• Charlotte's Web
• Freedom Leaf
• Green Road
• Folium Biosciences
• HempLife Today
• Pharma Hemp
• Endoca
• CBD American Shaman
• NuLeaf Naturals
• Select Oil
• Village Farms
• Canopy Growth Corporation
• SNDL
• Tilray
• Emblem Cannabis Oils
• The Lab
• British Cannabis
• Cornbread Hemp

Segment by Type

• Hemp-derived
• Marijuana-derived

Segment by Application

• Pharmaceuticals
• Food
• Cosmetics
• Other

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.