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

• In March 2021, Yooma Wellness Inc., a distributor, and marketer of hemp-derived and cannabinoid wellness products announced the acquisition of Socati Corp. This initiative was taken by the company to expand its geographic footprint of the company.

• In April 2020, QEMP announced the launch of qemp ZERO, a pure hemp seed oil with no THC and a blend of organic herbs. The product is associated with various benefits including non-GMO, vegan, antioxidant support, and others.

• In December 2019, NuLeaf Naturals, LLC, one of the top hemp CBD oil companies in America announced its partnership with Terence Crawford.

The market can be segmented by product type into CBD oil, hemp essential oil, and hemp seed oil. CBD oil is known for its therapeutic benefits and is commonly used in wellness and health products due to its potential to reduce anxiety, improve sleep, and offer pain relief. Hemp essential oil is prized for its aromatic properties and is often used in aromatherapy or as an ingredient in personal care products for its calming effects. Hemp seed oil, rich in essential fatty acids, is used in a variety of applications, from skincare products to cooking, for its nutritional value and moisturizing properties.

By application, these hemp-derived products are utilized in personal care products, pharmaceuticals and nutraceuticals, food and beverages, and industrial uses. In the personal care sector, CBD oil, hemp essential oil, and hemp seed oil are used in skincare, haircare, and wellness products for their anti-inflammatory, hydrating, and soothing qualities. In pharmaceuticals and nutraceuticals, these oils are incorporated into supplements and treatments designed to address a range of health issues, including chronic pain and skin conditions.

Hemp oils are also increasingly being used in food and beverage products, such as smoothies, protein bars, and beverages, due to their nutritional benefits, including high levels of omega fatty acids and antioxidants. In industrial applications, hemp oil derivatives are utilized in products like paints, lubricants, and biodegradable plastics, reflecting the versatility of hemp in various sectors. This broad range of applications underscores the growing importance of hemp oils in both consumer and industrial markets.

Global Hemp Oil Segment Analysis

In this report, the Global Hemp Oil Market has been segmented by Product Type, Application and Geography.

Global Hemp Oil Market, Segmentation by Product Type

The Global Hemp Oil Market has been segmented by Product Type into CBD Oil, Hemp Essential Oil and Hemp Seed Oil.

CBD Oil: CBD (cannabidiol) oil has gained significant attention for its potential health benefits, including pain relief, anxiety reduction, and anti-inflammatory properties. It is extracted from the flowers, leaves, and stalks of the hemp plant and is used in various pharmaceutical and wellness products. CBD oil's therapeutic applications have propelled its popularity, driving market growth particularly in regions where regulatory frameworks support its use in medicinal and therapeutic contexts. Hemp Essential Oil: Hemp essential oil is derived from the flowers and leaves of the hemp plant through steam distillation. It is valued for its aromatic properties and is widely used in aromatherapy and skincare products. Hemp essential oil is known for its calming and balancing effects, making it popular in natural wellness practices. Its inclusion in cosmetic formulations for its purported benefits in promoting skin health and reducing inflammation highlights its versatility in the personal care industry. Hemp Seed Oil: Unlike CBD oil and hemp essential oil, hemp seed oil is extracted solely from the seeds of the hemp plant. It is rich in essential fatty acids, including omega-3 and omega-6, as well as vitamins and minerals. Hemp seed oil is primarily used in culinary applications, such as salad dressings and cooking oils, due to its nutty flavor and nutritional profile. It is also incorporated into dietary supplements for its potential health benefits, supporting cardiovascular health and promoting skin hydration.

Global Hemp Oil Market, Segmentation by Application

The Global Hemp Oil Market has been segmented by Application into Personal Care Products, Pharma and Nutraceuticals, Food and Beverages and Industrial Uses.

Personal Care Products: Hemp oil is increasingly used in personal care products due to its moisturizing, anti-inflammatory, and antioxidant properties. It is commonly found in skincare formulations such as lotions, creams, and serums, where it helps hydrate the skin, reduce redness, and combat signs of aging. In hair care, hemp oil is valued for its ability to strengthen hair follicles, improve scalp health, and enhance the overall condition and shine of hair. Pharma and Nutraceuticals: In pharmaceuticals and nutraceuticals, hemp oil, particularly CBD oil, is utilized for its potential therapeutic benefits. CBD oil has been studied for its analgesic, anti-anxiety, and neuroprotective properties, making it suitable for treating conditions such as chronic pain, anxiety disorders, epilepsy, and more. Nutraceutical products containing hemp oil are also popular for their nutritional content, including essential fatty acids and vitamins, which support overall health and wellness. Food and Beverages: Hemp oil is incorporated into various food and beverage products for its nutritional benefits. Hemp seed oil, rich in omega fatty acids and protein, is commonly used in cooking oils, salad dressings, and dietary supplements. Its nutty flavor and health-promoting properties appeal to consumers seeking plant-based alternatives and functional foods that support heart health, immunity, and overall well-being. Industrial Uses: Industrial applications of hemp oil include its use in biofuels, lubricants, paints, and coatings. Hemp oil's renewable nature and low environmental impact make it a sustainable choice for industries looking to reduce carbon footprint and dependence on fossil fuels. Its lubricating properties and high viscosity index make it suitable for industrial machinery and automotive applications, contributing to the growing demand for eco-friendly alternatives in various sectors.

Global Hemp Oil Market, Segmentation by Geography

In this report, the Global Hemp Oil Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Hemp Oil Market Share (%), by Geographical Region, 2024

North America: North America leads the global hemp oil market, driven by robust regulatory frameworks supporting hemp cultivation and consumption, particularly in the United States and Canada. The legalization of hemp cultivation under the 2018 Farm Bill in the U.S. has significantly boosted the market, allowing for the commercial production of hemp-derived products, including hemp oil. This regulatory clarity has spurred innovation and investment in the industry, with a focus on expanding product offerings in pharmaceuticals, nutraceuticals, and personal care products. Consumer acceptance and increasing awareness of the health benefits of hemp oil further propel market growth in this region.

Europe: In Europe, the hemp oil market is evolving amidst varying regulatory environments across countries. Some European nations have historically supported hemp cultivation for industrial purposes, leading to a well-established supply chain for hemp-derived products. The European Union's regulations on hemp and CBD products are gradually becoming more defined, although there are still complexities and discrepancies among member states. The market is expanding as consumer interest in natural and organic products grows, with hemp oil increasingly integrated into personal care, food, and nutraceutical sectors. Continued regulatory developments and harmonization efforts are expected to shape future market dynamics in Europe.

Asia-Pacific: Asia-Pacific represents a region of emerging interest in the hemp oil market, driven by shifting attitudes towards cannabis-related products and increasing recognition of hemp oil's nutritional and therapeutic benefits. Countries like China and Japan have a history of hemp cultivation for industrial purposes, but regulatory frameworks governing hemp-derived products vary widely across the region. In recent years, there has been a rise in consumer demand for natural and wellness products, spurring interest in hemp oil across personal care, food, and pharmaceutical sectors. Regulatory developments and growing investments in hemp cultivation and processing infrastructure are poised to drive market expansion in Asia-Pacific, though challenges related to regulatory clarity and cultural perceptions remain pivotal factors shaping the market's trajectory.

This report provides an in depth analysis of various factors that impact the dynamics of Global Hemp Oil Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Key players in Global Hemp Oil Market include

• Isodiol International Inc
• HempLife Today
• Hemp Oil Canada Inc
• Medical Marijuana, Inc
• FOLIUM BIOSCIENCES
• CV Sciences, Inc

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