CBD Oil Market Analysis by Source (Hemp, Marijuana), by Distribution Channel (B2B, B2C), by End-Use (Medical, Pharmaceuticals, Personal Use), and by Region - Forecast to 2029

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The global CBD oil market size is estimated to be USD 649.7 million in 2021 and is expected to witness a CAGR of 36.9% during the forecast period. Rising R&D by biopharmaceutical companies coupled with increasing awareness for CBD oil application among consumers are key drivers for the growth of the global CBD oil market. Additionally, growing geriatric population, rise in awareness for plant-based nutraceuticals, commercial availability via multiple channels, increasing disposable income, and changing regulation for supplements are some of the other drivers propelling the market growth. Nevertheless, high cost of products, and product counterfeiting in remote locations are expected to restrain the global market growth.

Global CBD Oil Market Size (USD Million), 2021-2029

Source: Erevna Healthcare

By Source

Based on source, the market is segmented into marijuana and hemp. In 2021, the marijuana-derived CBD oil segment accounted for the maximum revenue share. This can be attributed to the rising acceptance of superior cannabidiol products along with the increasing legalization by regulatory authorities, worldwide. Increasing research & development coupled with growing adoption of CBD oil owing to its health benefits is anticipated to drive the market growth of this segment.

By Distribution Channel

Based on distribution channel, the market is categorized into B2C and B2B. B2C segment is subdivided into hospital pharmacies, retail stores, and online. In 2021, the B2C segment accounted for a significant revenue share due to high adoption of CBD products among consumers, worldwide. This segment is anticipated to grow at a significant CAGR during the forecast period due to the increasing legalization of CBD oil-based biopharmaceuticals for large medical applications.

By End Use

Based on end use, the market is categorized into medical, pharmaceutical, personal use, and wellness. The medical segment accounted for the highest revenue in 2021 and is projected to maintain its dominance over the forecast period. Increasing application of CBD oil for treating schizophrenia, epilepsy, chronic pain, multiple sclerosis symptoms, and other medical conditions, is a key factor that drives the segment growth. The pharmaceutical segment is anticipated to grow at the fastest CAGR during the forecast period due to the increasing novel product development by biopharmaceutical manufacturers coupled with supportive government policies.

Regional Insights

In 2021, North America accounted for the highest revenue share in the world and is expected to maintain its dominance during the forecast period. This can be attributed to favorable regulatory framework, large nutraceutical supplements manufacturers, and high health-conscious consumers. In the U.S., high disposable income is fueling the CBD nutraceuticals growth. Asia Pacific is projected to grow at the fastest CAGR over the forecast period owing to the rising availability and formalization of standards for use of cannabidiol-infused products and market expansion by leading players. Additionally, increasing awareness for CBD oil for commercial application with proven results is expected to drive the market growth.

Competitor Insights

Some of the key players in the CBD oil market are Tikun Olam (Israel), Irwin Naturals (U.S.), OrganiGram Holdings (Canada), Charlottes Web Holdings, Inc. Wr. (U.S.), Cronos Group (Canada), CV Sciences, Inc. (U.S.), Aphria Inc. (Canada), Medical Marijuana, Inc. (U.S.), Aurora Cannabis Inc. (Canada), and Elixinol Global (Australia). The leading players operating in the CBD oil industry are adopting various strategies including R&D investments, adaption of advanced techniques, mergers & acquisitions, and regional expansions to capture a maximum revenue share.

This exhaustive research report focuses on market size and forecast at global, segmental, regional, and country level along with key market trends and dynamics from 2021 to 2029. The CBD oil market report is categorized into the following segments and subsegments:

CBD Oil Market, By Source (Revenue, USD Million, 2021-2029)

  • Hemp
  • Marijuana

CBD Oil Market, By Distribution Channel (Revenue, USD Million, 2021-2029)

  • B2C
    • Hospital Pharmacies
    • Retail Stores
    • Online
  • B2B

CBD Oil Market, By End-Use (Revenue, USD Million, 2021-2029)

  • Medical
    • Mental Disorders
    • Chronic Pain
    • Cancer
    • Others
  • Pharmaceuticals
  • Personal Use
  • Wellness
    • Personal Care & Cosmetics
    • Food & Beverages
    • Nutraceuticals
    • Others

CBD Oil Market, By Region (Revenue, USD Million, 2021-2029)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Scope of Breast Imaging Market Report:

Key Parameters Details
Base Year
  • 2021
Forecast Period
  • 2022-2029
Study Coverage
  • Global and regional market size and revenue forecast
  • Segment market size and revenue forecast at global, regional, and country level
  • Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis)
  • Conclusion and recommendations
Qualitative Analysis
  • Market drivers
  • Market restraints
  • Market opportunities
  • Recent market trends
  • Market challenges
  • Porter’s Five Forces analysis
  • PEST analysis
  • Value-chain analysis
  • COVID-19 impact analysis
Regional Market Scope
  • North America (U.S. and Canada)
  • Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA (South Africa, GCC, Rest of MEA)
Company Profiles
  • Exhaustive profiles of top 15 players
  • 50+ other major players listing
15% Free Customization Available
  • You can customize the study scope to meet your exact requirement. Click here for more details

Table of Contents: CBD Oil Market 2021-2029

  1. Research Methodology
    1. Study Objectives
    2. Study Scope
    3. Research Assumptions
    4. Research Framework
      1. Research Models
        1. Bottom-up Approach
        2. Top-down Approach
        3. Data Triangulation
      2. Data Procurement
        1. Internal Database
        2. Secondary Research
        3. Purchased Database
        4. Primary Research
      3. Data Analysis
        1. Data Validation
        2. Market Size Estimation
        3. Market Forecast Model
      4. Quality Assessment
  1. Introduction: CBD Oil
  2. Executive Summary
    1. Global Market Scenario
    2. Segment Market Scenario
    3. Geographic Market Scenario
    4. COVID-19 Impact
    5. Competitive Landscape
  3. Market Dynamics
    1. Market Drivers
      1. Driver 1
      2. Driver 2
      3. Driver 3
      4. Driver 4
      5. Driver 5
    2. Market Restraint
      1. Restraint 1
      2. Restraint 2
      3. Restraint 3
      4. Restraint 4
    3. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
      3. Opportunity 3
      4. Opportunity 4
    4. Market Trends
      1. Trend 1
      2. Trend 2
      3. Trend 3
      4. Trend 4
    5. Market Challenges
      1. Challenge 1
      2. Challenge 2
      3. Challenge 3
      4. Challenge 4
  1. Market Environment Analysis
    1. Porter’s 5 Forces Analysis
    2. PESTEL Analysis
    3. Value Chain Analysis
    4. SWOT Analysis
    5. Benchmark
  2. COVID-19 Impact Analysis: CBD Oil Market
    1. COVID-19: Overview
    2. COVID-19 Impact on the Global Market
    3. COVID-19 Impact on the Regional Markets
  3. Market Analysis by Source
    1. Hemp
      1. Hemp Market Forecast, 2021-2029 (USD Million)
    2. Marijuana
      1. Marijuana Market Forecast, 2021-2029 (USD Million)
  1. Market Analysis by Distribution Channel
    1. B2B
      1. B2B Market Forecast, 2021-2029 (USD Million)
    2. B2C
      1. B2C Market Forecast, 2021-2029 (USD Million)
  1. Market Analysis by End Use
    1. Medical
      1. Medical Market Forecast, 2021-2029 (USD Million)
    2. Pharmaceuticals
      1. Pharmaceuticals Market Forecast, 2021-2029 (USD Million)
    3. Personal Use
      1. Personal Use Market Forecast, 2021-2029 (USD Million)
    4. Wellness
      1. Wellness Market Forecast, 2021-2029 (USD Million)
  1. Regional Market Analysis
    1. Regional Market Trends
    2. Regional Market: Comparative Analysis
  2. North America CBD Oil Market
    1. North America CBD Oil Market
      1. North America Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Source, 2021-2029 (USD Million)
        2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
        3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
      2. S. CBD Oil Market
        1. S. Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Source, 2021-2029 (USD Million)
          2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
          3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
        2. Canada CBD Oil Market
          1. Canada Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Source, 2021-2029 (USD Million)
            2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
            3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
  1. Europe CBD Oil Market
    1. Europe CBD Oil Market
      1. Europe Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Source, 2021-2029 (USD Million)
        2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
        3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
      2. Germany CBD Oil Market
        1. Germany Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Source, 2021-2029 (USD Million)
          2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
          3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
        2. UK CBD Oil Market
          1. UK Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Source, 2021-2029 (USD Million)
            2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
            3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
          2. France CBD Oil Market
            1. France Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Source, 2021-2029 (USD Million)
              2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
              3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
            2. Spain CBD Oil Market
              1. Spain Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Source, 2021-2029 (USD Million)
                2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
                3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
              2. Italy CBD Oil Market
                1. Italy Market Size and Forecast, 2021-2029 (USD Million)
                  1. Market Size and Forecast by Source, 2021-2029 (USD Million)
                  2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
                  3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
                2. Rest of Europe CBD Oil Market
                  1. Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
                    1. Market Size and Forecast by Source, 2021-2029 (USD Million)
                    2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
                    3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
  1. Asia Pacific CBD Oil Market
    1. Asia Pacific CBD Oil Market
      1. Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Source, 2021-2029 (USD Million)
        2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
        3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
      2. Japan CBD Oil Market
        1. Japan Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Source, 2021-2029 (USD Million)
          2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
          3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
        2. China CBD Oil Market
          1. China Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Source, 2021-2029 (USD Million)
            2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
            3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
          2. India CBD Oil Market
            1. India Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Source, 2021-2029 (USD Million)
              2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
              3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
            2. South Korea CBD Oil Market
              1. South Korea Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Source, 2021-2029 (USD Million)
                2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
                3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
              2. Australia CBD Oil Market
                1. Australia Market Size and Forecast, 2021-2029 (USD Million)
                  1. Market Size and Forecast by Source, 2021-2029 (USD Million)
                  2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
                  3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
                2. Rest of Asia Pacific CBD Oil Market
                  1. Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
                    1. Market Size and Forecast by Source, 2021-2029 (USD Million)
                    2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
                    3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
  1. Latin America CBD Oil Market
    1. Latin America CBD Oil Market
      1. Latin America Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Source, 2021-2029 (USD Million)
        2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
        3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
      2. Brazil CBD Oil Market
        1. Brazil Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Source, 2021-2029 (USD Million)
          2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
          3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
        2. Mexico CBD Oil Market
          1. Mexico Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Source, 2021-2029 (USD Million)
            2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
            3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
          2. Argentina CBD Oil Market
            1. Argentina Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Source, 2021-2029 (USD Million)
              2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
              3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
            2. Rest of Latin America CBD Oil Market
              1. Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Source, 2021-2029 (USD Million)
                2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
                3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
  1. MEA CBD Oil Market
    1. MEA CBD Oil Market
      1. MEA Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Source, 2021-2029 (USD Million)
        2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
        3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
      2. GCC CBD Oil Market
        1. GCC Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Source, 2021-2029 (USD Million)
          2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
          3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
        2. South Africa CBD Oil Market
          1. South Africa Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Source, 2021-2029 (USD Million)
            2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
            3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
          2. Rest of MEA CBD Oil Market
            1. Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Source, 2021-2029 (USD Million)
              2. Market Size and Forecast by Distribution Channel, 2021-2029 (USD Million)
              3. Market Size and Forecast by End Use, 2021-2029 (USD Million)
  1. Competitor Analysis
    1. Market Share Analysis, 2021 & 2029
    2. Competitive Mapping
    3. Key Players Market Place Analysis
    4. Major Recent Developments
  2. Company Profiles
    1. Tikun Olam (Israel)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Distribution Channel Benchmarking
      5. Recent Developments
    2. Irwin Naturals (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Distribution Channel Benchmarking
      5. Recent Developments
    3. OrganiGram Holdings (Canada)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Distribution Channel Benchmarking
      5. Recent Developments
    4. Charlottes Web Holdings, Inc. Wr. (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Distribution Channel Benchmarking
      5. Recent Developments
    5. Cronos Group (Canada), CV Sciences, Inc. (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Distribution Channel Benchmarking
      5. Recent Developments
    6. Aphria Inc. (Canada)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Distribution Channel Benchmarking
      5. Recent Developments
    7. Medical Marijuana, Inc. (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Distribution Channel Benchmarking
      5. Recent Developments
    8. Aurora Cannabis Inc. (Canada)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Distribution Channel Benchmarking
      5. Recent Developments
    9. Elixinol Global (Australia)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Distribution Channel Benchmarking
      5. Recent Developments
    10. Nanolive SA (Switzerland)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Distribution Channel Benchmarking
      5. Recent Developments
    11. Holografika Kft. (Hungary)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Source Benchmarking
      5. Recent Developments
    12. Company 12
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Source Benchmarking
      5. Recent Developments
    13. Company 13
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Source Benchmarking
      5. Recent Developments
    14. Company 14
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Source Benchmarking
      5. Recent Developments
    15. Company 15
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Source Benchmarking
      5. Recent Developments
    16. Others Prominent Players

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