Global Hemp CBD Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Distribution Channel;

B2B and B2C - Pharmacies, Online Store, and Retail Stores.

By End-Use;

Personal Use and Personal Care & Cosmetics - Skin Care and Others, Food & Beverages, Nutraceuticals, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn634892868 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Hemp CBD Market (USD Million), 2021 - 2031

In the year 2024, the Global Hemp CBD Market was valued at USD 4,702.41 million. The size of this market is expected to increase to USD 15,276.48 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 18.3%.

The Global Hemp CBD Market has witnessed a significant transformation over the past few years, driven by the increasing acceptance of cannabidiol (CBD) derived from hemp. CBD, a non-psychoactive compound found in cannabis, has gained popularity due to its potential therapeutic benefits. From anxiety relief to pain management, CBD products are being incorporated into various wellness and medical applications. The market's rapid growth is further supported by legislative changes across several countries, legalizing hemp-derived CBD products and thus expanding consumer accessibility.

One of the critical factors fueling the market growth is the increasing consumer awareness regarding the health benefits associated with CBD. The growing body of scientific research supporting CBD's efficacy in treating various health issues has led to a surge in demand. Additionally, the rise of e-commerce platforms has made CBD products more accessible to a global audience, driving sales. Innovations in product formulations and delivery methods, such as edibles, topicals, and tinctures, have also played a pivotal role in attracting a diverse consumer base.

Despite its promising outlook, the Global Hemp CBD Market faces several challenges. Regulatory uncertainties and varying legal frameworks across different regions can hinder market expansion. Furthermore, the market is highly competitive, with numerous players vying for market share. Nevertheless, the potential for growth remains substantial, particularly in regions where legal barriers are being dismantled. As research continues to uncover new therapeutic applications for CBD, the market is poised to experience sustained growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Distribution Channel
    2. Market Snapshot, By End-Use
    3. Market Snapshot, By Region
  4. Global Hemp CBD Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increased Consumer Awareness
        2. Legalization Trends
        3. Health Benefits
        4. Product Innovation
      2. Restraints
        1. Regulatory Uncertainty
        2. Market Competition
        3. High Production Costs
        4. Quality Control Issues
      3. Opportunities
        1. Emerging Markets
        2. Product Diversification
        3. E-commerce Growth
        4. Medical Research
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hemp CBD Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. B2B
      2. B2C
        1. Pharmacies
        2. Online Store
        3. Retail Stores
    2. Global Hemp CBD Market, By End-Use, 2021 - 2031 (USD Million)
      1. Personal Use
      2. Personal Care & Cosmetics
        1. Skin Care
        2. Others
      3. Food & Beverages
      4. Nutraceuticals
      5. Others
    3. Global Hemp CBD Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Aurora Cannabis
      2. HempMeds
      3. CBD Life
      4. Elixinol
      5. Joy Organics
  7. Analyst Views
  8. Future Outlook of the Market