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