Global CBD Oil & CBD Consumer Health Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
CBD Oil - CBD Oil, CBD Isolate and Synthetic CBD, CBD Consumer Health - Medical OTC Products[CBD Analgesic Products, CBD Dermatology Products, CBD Mental Health Products, CBD Sleeping Aids Products and Others, Nutraceuticals- CBD Vitamins and Dietary Supplements (VDS), CBD Sports Nutrition and CBD Weight Management and Wellbeing, Food and Beverages, Pharmaceuticals, Personal Care & Cosmetic Products - CBD Infused Skin Care Products and CBD Infused Beauty Products, and CBD Infused Hair Care Products.By Distribution Channel;
CBD Oil - B2B- Pharma Manufacturers, Consumer Goods Manufacturers, Nutraceutical Manufacturers, and Others, - B2C, CBD Consumer Health - Online, Retail Stores, and Retail Pharmacies.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global CBD Oil & CBD Consumer Health Market (USD Million), 2021 - 2031
In the year 2024, the Global CBD Oil & CBD Consumer Health Market was valued at USD 63,295.56 million. The size of this market is expected to increase to USD 312,104.98 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 25.6%.
Increasing the adoption of cannabidiol (CBD) and infused products for various medical and wellness purposes is the key factor driving the growth of the market. In addition, favorable government regulations and increasing consumer awareness and demand for cannabidiol due to its health benefits are further increasing its adoption. Furthermore, CBD consumer health products are also gaining significant acceptance owing to their health benefits without any psychoactive effects. Increasing awareness regarding health benefits offered by cannabidiol-infused products has led to an increase in consumer pool willing to buy these products. Growing demand for cannabidiol in pharmaceutical formulations owing to its healing properties is expected to boost the demand for the product in the pharmaceutical industry. Other factors contributing to the increase in demand for oil include rising consumer preference toward oil as a product category, the surge in demand for full-spectrum products, and many companies entering into bulk as well as finished product business. This segment is anticipated to register a lucrative growth in the forthcoming years owing to the increase in demand for cannabidiol from various end-user industries such as pharmaceuticals, food and beverage, and personal care and cosmetics, which is expected to trigger market growth.
Increasing consumer preference for various cannabidiol infused products such as capsules, cannabis oil, beverages, beauty and skincare products, gummies, and dog treats is further anticipated to drive the CBD oil and CBD consumer health market. Cannabidiol can enter the body in several ways such as vaping, ingesting, smoking, and through the skin. Growing adoption of cannabidiol to manufacture medical drugs and personal care products in states where cannabis is legal is positively impacting the market growth. The legalization of cannabis-based products has provided a remarkable opportunity for the end-user industries to expand. The growing number of research activities, increasing awareness regarding synthetic cannabidiol, and rising strategic investments by companies are expected to contribute to the overall growth during the forecast period.
Cannabidiol-based products are gaining acceptance and recognition in the health and wellness sector owing to the confirmation of the therapeutic properties of cannabidiol through various scientific studies. It is widely used for the treatment of various mental disorders, cancer, and arthritis. Treatment of anxiety and depression using pharmaceutical drugs may lead to several side effects such as drowsiness, insomnia, sexual dysfunction, and headache. Other medications such as benzodiazepines are addictive and may lead to substance abuse. However, cannabidiol is a natural approach for treating anxiety and depression, without creating any addiction.
Global CBD Oil & CBD Consumer Health Market Recent Developments
-
In January 2022, Elixinol, a hemp-derived CBD brand with a long history in the market, announced the debut of two new revolutionary CBD sleep products. Sleep Rapid Rest Liposomes and Sleep Gummies from Elixinol are melatonin-free solutions for consumers suffering from insomnia
-
In September 2021, Charlotte's Web, Inc., the global provider of full-spectrum hemp extracts health products, added several new Charlotte's Web Gummies to its lineup. THC-Free, New Daily Wellness, and Immunity candies are now available online, and many of the Company's 14,000 local retailers across the United States are receiving them
-
In November 2021, High Tide Inc., a renowned retail cannabis corporation with mortar and brick and also worldwide e-commerce assets, announced the purchase of 80% shares in NuLeaf Naturals, LLc.
Segment Analysis
Under the product category, CBD Oil is classified into three key types: CBD Oil, CBD Isolate, and Synthetic CBD. CBD Oil refers to products containing the full spectrum of cannabinoids, offering a range of therapeutic benefits through the entourage effect. CBD Isolate is a pure form of CBD, free from other cannabinoids and terpenes, appealing to consumers seeking CBD without THC. Synthetic CBD, produced in laboratories, ensures consistency and purity, making it suitable for pharmaceutical applications.
In the CBD Consumer Health segment, products are further diversified. Medical OTC products include CBD Analgesic Products for pain relief, CBD Dermatology Products addressing skin conditions, CBD Mental Health Products for anxiety and stress management, and CBD Sleeping Aids Products to combat insomnia. Nutraceuticals encompass CBD Vitamins and Dietary Supplements (VDS), which cater to general wellness, CBD Sports Nutrition targeting athletic performance, and CBD Weight Management and Wellbeing products promoting metabolic health. The Food and Beverages category includes CBD-infused consumables such as beverages, snacks, and edibles, integrating CBD into everyday diets. Pharmaceuticals in this segment focus on prescription-based products designed for specific medical conditions. Personal Care and Cosmetic Products are divided into CBD Infused Skin Care Products, CBD Infused Beauty Products, and CBD Infused Hair Care Products, leveraging CBD's anti-inflammatory and antioxidant properties to enhance skin and hair health.
Regarding distribution channels, CBD Oil is segmented into B2B and B2C channels. In the B2B sector, Pharma Manufacturers incorporate CBD into medications and therapeutic formulations, Consumer Goods Manufacturers infuse CBD into everyday products like food and beverages, Nutraceutical Manufacturers develop supplements and vitamins, and other sectors explore innovative uses of CBD. The B2C segment directly targets consumers, offering products through various retail points. For CBD Consumer Health products, distribution channels are categorized into Online, Retail Stores, and Retail Pharmacies. The online channel is increasingly popular, offering convenience, a wide product range, and discreet purchasing options, while allowing brands to reach a global audience. Retail Stores provide physical outlets where consumers can interact with products and seek in-person advice, crucial for first-time buyers. Retail Pharmacies offer a trusted source for CBD products, particularly those with health claims, ensuring consumers receive safe and effective products.
Global CBD Oil & CBD Consumer Health Segment Analysis
In this report, the Global CBD Oil & CBD Consumer Health Market has been segmented by Product, Distribution Channel, and Geography.
Global CBD Oil & CBD Consumer Health Market, Segmentation by Product
The Global CBD Oil & CBD Consumer Health Market has been segmented by Product into CBD Oil - CBD Oil, CBD Isolate and Synthetic CBD, CBD Consumer Health - Medical OTC Products[CBD Analgesic Products, CBD Dermatology Products, CBD Mental Health Products, CBD Sleeping Aids Products and Others, Nutraceuticals- CBD Vitamins and Dietary Supplements (VDS), CBD Sports Nutrition and CBD Weight Management and Wellbeing, Food and Beverages, Pharmaceuticals, Personal Care & Cosmetic Products - CBD Infused Skin Care Products and CBD Infused Beauty Products, and CBD Infused Hair Care Products.
Based on product type, CBD oil (full spectrum) dominated the market with a share of 73.5% in 2019. This high share is attributable to the increasing awareness regarding the health benefits of cannabidiol, favorable government reforms, and the growing use of bulk cannabidiol oil in various sectors. Furthermore, CBD isolate is expected to be the fastest-growing segment over the forecast period. This growth can be attributed to the increasing usage of isolates owing to their reliable forms in comparison to other cannabinoids coupled with a very high cannabidiol content and very low THC levels, which increase the use of the product as a raw material in various applications.
In 2019, the nutraceuticals segment accounted for the largest revenue share of 48.3% in the CBD consumer health market and is expected to exhibit significant growth during the forecast period. This high share is attributable to the increasing legalization of cannabidiol-based products and the growing demand for plant-based ingredients in food supplements across various regions. Moreover, the increase in online and retail sales of cannabidiol supplements is another key factor driving the demand for these products.
There is an increase in consumer preference for plant-based ingredients, especially in dietary supplements and sports nutrition. Growing awareness about cannabidiol due to its health and wellness benefits has increased its adoption for various purposes. For instance, according to a study conducted by the Gallup, around 14.0% of the Americans have used some or the other form of cannabidiol infused products in the year 2018. Out of this, 58.0% of adults use CBD-infused products for pain-related conditions, followed by 42.0% of users for mental health-related conditions. In addition, first-time cannabidiol users in Canada prefer CBD capsules (35%-40%) and edibles (25%-30%), as per research conducted by Vividata.
Global CBD Oil & CBD Consumer Health Market, Segmentation by Distribution Channel
The Global CBD Oil & CBD Consumer Health Market has been segmented by Distribution Channel into CBD Oil - B2B- Pharma Manufacturers, Consumer Goods Manufacturers, Nutraceutical Manufacturers, and Others, - B2C, CBD Consumer Health - Online, Retail Stores, and Retail Pharmacies.
Based on the distribution channel, the B2B segment accounted for the highest revenue share of 63.0% in the CBD oil market owing to the rise in the demand for cannabidiol products in various sectors such as pharmaceutical, food, and additives, health and wellness, and cosmetics sectors. The B2C segment is expected to witness the highest CAGR owing to the increasing use of bulk CBD oil and isolates in various application areas. The supply of these products has significantly increased over the years through various modes of delivery such as online, offline, and specialized mode owing to the legalization of medicinal cannabis in various regions. For instance, when cannabis was legalized for medical purposes, the distribution of cannabidiol products through pharmacies or medical dispensaries was the most prominent mode of supply.
While retail pharmacies segment dominated the global CBD consumer health market with a revenue share of 40.7% in 2019. This can be attributed to the rise in the availability of CBD-infused products as pharmacies are one of the trusted sources for consumers for obtaining medical cannabidiol products. On the other hand, the online store segment is anticipated to register the fastest growth during the forecast period. Increasing adoption of online shopping channels coupled with the rise in the number of manufacturers in the e-commerce space and are some of the key factors anticipated to drive the market for CBD oil and CBD consumer health in the future.
Global CBD Oil & CBD Consumer Health Market, Segmentation by Geography
In this report, the Global CBD Oil & CBD Consumer Health Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global CBD Oil & CBD Consumer Health Market Share (%), by Geographical Region, 2024
North America dominated the CBD oil market with a revenue share of 68.5% in 2019. Increasing awareness about CBD oil, favorable regulations, growing consumer preference, and a rise in the number of manufacturers are the key factors fueling the market growth. The legalization of medicinal cannabis in the region, specifically in the U.S., is further attributing to the growth of the market for CBD oil and CBD consumer health. The different states in the country, such as Indiana, Alabama, and Georgia, have legalized the use of cannabis under specific conditions. Utah is one of the prominent states in the country for the distribution of cannabidiol-infused products owing to the availability of a large number of retail pharmacies.
Moreover, due to the legalization of cannabis and cannabidiol related products in the region, the market for CBD consumer health products has gained impetus. For instance, a U.S.-based company, Elixinol, had a USD 2.0 million business in 2015 and reached almost USD 4.0 million in 2016. This indicates the profitability in the market. Furthermore, the supply chain management for many companies is less complicated due to tie-ups with local growers. They are responsible for providing high-quality cannabis in accordance with federal and state laws. Therefore, due to the diminished demand-supply gap and an increasing number of companies due to legalization, the market is expected to witness lucrative growth over the forecast period.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global CBD Oil & CBD Consumer Health Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Growing Awareness and Acceptance of CBD's Health Benefits
- Increasing Consumer Demand for Natural and Organic Products
-
Investment and Funding in CBD Research and Development- As the therapeutic potential of CBD gains recognition, substantial financial resources are being allocated to explore and validate its efficacy and safety across various health conditions. This influx of investment is driven by both private and public sectors, including venture capitalists, pharmaceutical companies, and government grants, each recognizing the lucrative opportunities and health benefits associated with CBD. Private investments, particularly from venture capitalists and large corporations, are fueling innovation in product development and clinical research. These investments enable startups and established companies alike to conduct rigorous scientific studies, develop new formulations, and optimize extraction and production processes. By supporting extensive research, these funds help bridge the gap between anecdotal evidence and clinically proven benefits, fostering consumer trust and regulatory acceptance. Additionally, pharmaceutical companies are investing heavily in CBD research to develop prescription medications that can address conditions like epilepsy, chronic pain, and anxiety, further legitimizing CBD’s medical applications.
Public funding and government grants also play a critical role in advancing CBD research. Recognizing the potential public health benefits, several governments are allocating funds to research institutions and universities to study CBD’s impact on various medical conditions. This support not only accelerates the pace of scientific discovery but also ensures that research adheres to high standards of safety and efficacy. Government-backed studies often contribute to policy changes and regulatory approvals, opening new markets and enhancing accessibility to CBD products. Moreover, increased investment in CBD research leads to the development of more sophisticated and targeted products. For example, funding can support the creation of precise dosing mechanisms, improved bioavailability, and novel delivery methods such as transdermal patches and inhalers. These advancements ensure that consumers receive the maximum therapeutic benefit from CBD, tailored to their specific health needs. The global competition to lead in CBD research also spurs collaboration between academia, industry, and government bodies. These partnerships facilitate the sharing of knowledge and resources, driving innovations that can quickly translate into market-ready products. Additionally, successful research outcomes attract further investment, creating a virtuous cycle of funding and development.
Restraints:
- High Cost and Pricing Issues
- Lack of Standardization and Quality Control
-
Limited Scientific Research and Clinical Evidence- While anecdotal evidence and preliminary studies suggest various therapeutic benefits of CBD, the body of rigorous, peer-reviewed clinical research remains relatively sparse. This lack of extensive scientific validation creates several challenges for the market. The limited research impacts the credibility of CBD products among healthcare professionals and consumers. Many medical practitioners hesitate to recommend CBD due to insufficient evidence supporting its efficacy and safety across different conditions. This skepticism extends to consumers who, despite growing interest, may be wary of investing in products that lack definitive scientific backing. Consequently, this can slow down market adoption and limit the potential customer base. Moreover, regulatory bodies globally require comprehensive clinical data to approve health claims associated with CBD products. In the absence of robust research, regulatory approvals become challenging, restricting the ability of companies to market their products with specific health benefits. This leads to stringent labeling regulations and potential legal issues, as companies must navigate a complex and evolving regulatory landscape. For example, in some regions, products can only be sold as dietary supplements rather than therapeutic agents due to the lack of approved clinical evidence, which restricts market potential.
The funding and logistical challenges of conducting large-scale clinical trials further exacerbate the problem. High costs, lengthy approval processes, and the complexity of studying cannabis-derived compounds contribute to the slow pace of research. Additionally, variations in CBD formulations, dosages, and administration methods across studies make it difficult to draw consistent conclusions, complicating the creation of standardized guidelines for CBD use. This restraint also affects innovation within the industry. Companies may be reluctant to invest heavily in product development or new market entries without the assurance of scientific validation. This can stifle the introduction of potentially beneficial CBD products and limit advancements in the field. Furthermore, the lack of clinical evidence may prevent the integration of CBD into mainstream medical practice, relegating it to alternative or complementary medicine rather than a recognized therapeutic option.
Opportunities:
- E-commerce and Direct-to-Consumer Sales
-
Diverse Product Offerings- This diversity caters to a wide array of consumer needs and preferences, expanding the market reach and enhancing consumer accessibility to CBD’s numerous health benefits. CBD products span various categories, including oils, isolates, and synthetic CBD, each offering unique benefits. CBD oils, containing a full spectrum of cannabinoids, deliver the entourage effect, enhancing therapeutic outcomes. In contrast, CBD isolates provide pure CBD without THC, appealing to consumers seeking specific benefits without psychoactive effects, while synthetic CBD ensures consistency and purity, particularly advantageous for pharmaceutical applications.
The market's product diversity extends into several consumer health segments. Medical OTC products, such as CBD analgesics, dermatology products, mental health aids, and sleeping aids, address common health issues like pain, skin conditions, anxiety, and insomnia, offering natural alternatives to traditional medications. Nutraceuticals, including CBD vitamins, dietary supplements, sports nutrition, and weight management products, cater to the growing wellness trend, supporting overall health, athletic performance, and metabolic health. The incorporation of CBD into food and beverages, such as infused snacks and drinks, integrates wellness into daily consumption habits, appealing to health-conscious consumers looking for convenient, enjoyable ways to incorporate CBD into their routines. Additionally, the personal care and cosmetics industry has embraced CBD, leveraging its anti-inflammatory and antioxidant properties. CBD-infused skin care, beauty, and hair care products provide natural solutions for enhancing skin and hair health, addressing consumer demand for clean and effective beauty products. The pharmaceutical segment continues to explore CBD's potential in developing prescription-based therapies for various medical conditions, highlighting the ongoing research and innovation in this field.
Diverse product offerings are further complemented by varied distribution channels, enhancing market penetration. Online platforms provide convenience, a broad product range, and global accessibility, while retail stores offer physical spaces for consumers to interact with products and seek advice. Retail pharmacies, trusted sources for health-related purchases, ensure safe and reliable access to CBD products, particularly those with therapeutic claims. This broad spectrum of products and channels enables companies to reach different consumer demographics, from wellness enthusiasts and beauty aficionados to patients seeking alternative therapies.
Competitive Landscape Analysis
Key players in Global CBD Oil & CBD Consumer Health Market include:
- CVSciences, Inc.
- Medical Marijuana, Inc.
- CHARLOTTE’S WEB
- ENDOCA
- Isodiol
- Elixinol
- NuLeaf Naturals, LLC
- JOY Organics
- Kazmira
- Lord Jones
- Aurora Cannabis
- Canopy Growth Corporation
- Global Cannabinoids, Inc.
- IrieCBD
- CBD American Shaman.
- BioVectrainc.
- Bluebird Botanicals
- Noramco
- Cure Pharmaceutical.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Global CBD Oil & CBD Consumer Health Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
-
Growing Awareness and Acceptance of CBD's Health Benefits
-
Increasing Consumer Demand for Natural and Organic Products
-
Investment and Funding in CBD Research and Development
-
- Restraints
-
High Cost and Pricing Issues
-
Lack of Standardization and Quality Control
-
Limited Scientific Research and Clinical Evidence
-
- Opportunities
-
E-commerce and Direct-to-Consumer Sales
-
Diverse Product Offerings
-
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global CBD Oil & CBD Consumer Health Market, By Product, 2021 - 2031 (USD Million)
-
CBD Oil
-
CBD Oil
-
CBD Isolate
-
Synthetic CBD
-
-
CBD Consumer Health
-
Medical OTC Products
-
CBD Analgesic Products
-
CBD Dermatology Products
-
CBD Mental Health Products
-
CBD Sleeping Aids Products
-
Others
-
-
Nutraceuticals
-
CBD Vitamins and Dietary Supplements (VDS)
-
CBD Sports Nutrition
-
CBD Weight Management and Wellbeing
-
-
Food and Beverages
-
Pharmaceuticals
-
Personal Care & Cosmetic Products
-
CBD Infused Skin Care Products
-
CBD Infused Beauty Products
-
-
CBD Infused Hair Care Products
-
-
- Global CBD Oil & CBD Consumer Health Market, By Distribution Channel, 2021 - 2031 (USD Million)
-
CBD Oil
-
B2B
-
Pharma Manufacturers
-
Consumer Goods Manufacturers
-
Nutraceutical Manufacturers
-
Others
-
-
B2C
-
-
CBD Consumer Health
-
Online
-
Retail Stores
-
Retail Pharmacies
-
-
- Global CBD Oil & CBD Consumer Health Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global CBD Oil & CBD Consumer Health Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- CVSciences, Inc.
- Medical Marijuana, Inc.
- CHARLOTTE’S WEB
- ENDOCA
- Isodiol
- Elixinol
- NuLeaf Naturals, LLC
- JOY Organics
- Kazmira
- Lord Jones
- Aurora Cannabis
- Canopy Growth Corporation
- Global Cannabinoids, Inc.
- IrieCBD
- CBD American Shaman.
- BioVectrainc.
- Bluebird Botanicals
- Noramco
- Cure Pharmaceutical.
- Company Profiles
- Analyst Views
- Future Outlook of the Market