CBD Oil & CBD Consumer Health Market Poised to Reach $215.9 Billion by 2030
Dublin, Jan. 16, 2025 – According to a new report by ResearchAndMarkets.com, the global CBD oil and CBD consumer health market is expected to soar to USD 215.9 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 20.9% from 2025 to 2030.
The surge in consumer awareness about the health benefits of cannabidiol (CBD) and the increasing legalization of CBD products are key drivers behind this market growth. The growing acceptance of hemp-derived CBD products and the shift in consumer attitudes toward natural health solutions are also contributing significantly to market expansion.
Key Market Insights:
- Product Dominance:
- The full-spectrum oil segment emerged as a dominant force in 2019, driven by rising consumer preference for CBD products and the growing demand for full-spectrum distillates.
- The nutraceuticals segment accounted for 48.3% market share in 2019, fueled by favorable government policies and increasing preference for organic over chemical-based dietary supplements.
- Distribution Channels:
- In 2019, the B2B distribution segment held the largest revenue share due to the increasing demand for CBD oil across various industries, including pharmaceuticals, food and beverages, health and wellness, and cosmetics.
- Retail pharmacies have also witnessed significant growth, with more companies opting to sell CBD products through these channels.
Regional Insights:
- North America: Leading the market with a 68.5% revenue share in 2019, North America’s dominance is attributed to ease of accessibility, heightened consumer awareness, and a rising number of manufacturers.
- Asia Pacific: Expected to register the fastest growth, with a CAGR of 39.3% over the forecast period, driven by increasing legalization efforts and growing demand for natural health products.
Market Projections:
- CBD consumer health products held 56% of the market share in 2024, with increasing popularity due to their effectiveness in anxiety relief and pain management.
- CBD oil products are anticipated to grow at the fastest CAGR of 20.9% over the forecast period, with consumers favoring them for their ease of use and quick absorption.
Key Players in the Market:
Prominent companies driving market growth include:
- CVSciences
- Charlotte’s Web
- ENDOCA
- Isodiol International
- Elixinol
- NuLeaf Naturals
- Joy Organics
- Kazmira
- Aurora Cannabis
- Canopy Growth
Report Highlights:
The report provides detailed market intelligence, including market estimates and forecasts from 2018 to 2030, trend analyses, and competitive landscape insights. It also offers strategic market share analysis and an overview of product innovations to help businesses stay ahead of the curve.
For more information about this report, visit ResearchAndMarkets.com.
About ResearchAndMarkets.com
ResearchAndMarkets.com is a leading source for international market research reports and data, offering insights into key industries, emerging trends, and top companies worldwide.
