Global CBD Hemp Oil Market Expected to Exceed USD 18.37 Billion by...

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Global CBD Hemp Oil Market Expected to Exceed USD 18.37 Billion by 2031, Fueled by Wellness Trends and Regulatory Growth

2025-07-04 08:26:27 • Views

[Denver, 4 July 2025] – Clearview Market Insights (CVMI) projects that the global CBD hemp oil market will increase from USD 7.68 billion in 2024 to USD 18.37 billion by 2031, growing at a CAGR of 13.2%. Rising demand for plant-based wellness products, increasing mainstream acceptance of CBD, and regulatory relaxation worldwide are driving this growth.

CBD is no longer niche—it’s a global wellness movement. From anxiety relief to sleep support, consumers are embracing CBD hemp oil in various formats,” said Dr. Emily Voss, wellness and nutraceuticals analyst at CVMI.

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Key Market Highlights

2024 Market Size: USD 7.68 billion
2031 Forecast: USD 18.37 billion
CAGR: 13.2% (2024–2031)

Growth Catalysts

Legalization Momentum: Hemp CBD increasingly permitted in North America, EU, and parts of Asia
Consumer Adoption: Tinctures, topicals, and edibles gain traction
Product Innovation: Nano-CBD, water-soluble formulations, and enhanced bioavailability

Segment Insights

Top product: tinctures lead with nearly 32% of sales.
Fastest-growing format: edibles, especially gummies and beverages
Regional Leaders: North America leads with rapid growth in Europe and APAC

Competitive Landscape (2024)

Charlotte's Web – 8%: Leading brand in CBD wellness
CV Sciences – 6%: Strong retail and e-commerce footprint
Medterra – 5%: Trusted for CBD isolates and THC-free products
Others – 81%: Highly fragmented with local and international players

Outlook to 2031

The CBD hemp oil market will shift toward pharmaceutical-grade products, wellness-focused formulations, and sustainable manufacturing. International trade liberalization and unified regulations will open up substantial growth opportunities.

For more insights, visit https://clearviewmarketinsights.com/

About Clearview Market Insights:

Clearview Market Insights is a leading market research and consulting firm providing in-depth industry analysis and strategic recommendations for businesses worldwide.

Media contact:

Bhavani K

Marketing and Sales Head

ClearView Market Insights

Mail: sales@clearviewmarketinsights.com

Phone: +1 917-993-7369

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