Us Hemp Oil Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Hemp Oil Market was valued at USD 4.6 Billion in 2022 and is projected to reach USD 12.6 Billion by 2030, growing at a CAGR of 13.6% from 2024 to 2030.
The US hemp oil market has been gaining significant momentum over the past few years, driven by the growing awareness of its health benefits and the increasing demand for natural and organic products. Hemp oil, derived from the seeds of the hemp plant, is rich in essential fatty acids, vitamins, and antioxidants, making it a popular choice for both wellness enthusiasts and those seeking alternative treatments for various ailments. With the legalization of hemp farming under the 2018 Farm Bill, the market has witnessed a surge in product offerings, ranging from oils and tinctures to lotions and capsules.
One of the most compelling factors contributing to the expansion of the US hemp oil market is the increasing consumer preference for CBD (cannabidiol) products. Hemp oil, especially full-spectrum varieties, contains CBD, a non-psychoactive compound known for its potential therapeutic effects. According to recent reports, the market for CBD products alone is projected to reach billions of dollars in the coming years. Hemp oil is also gaining recognition in the beauty and skincare industries for its ability to hydrate, soothe, and rejuvenate the skin, further fueling market growth.
In addition to the wellness and beauty sectors, the demand for hemp oil has extended into the food and beverage industry. Hemp oil is being incorporated into various products, such as smoothies, protein bars, and salad dressings, due to its healthy fat content and nutritional value. This trend is especially evident among health-conscious consumers who prioritize plant-based alternatives in their diets.
The US hemp oil market is also seeing innovations in packaging and product delivery methods. Companies are increasingly offering convenient, on-the-go products such as hemp-infused capsules, gummies, and even beverages. This ease of use, coupled with hemp oil’s versatile applications, has made it more accessible to a broader audience.
The future of the US hemp oil market looks promising, with continued growth expected as more people turn to hemp oil for its potential health benefits. With its wide range of applications across various industries, the market is poised to experience sustained demand in the years to come.
As the market continues to grow, it’s essential for consumers to stay informed about the quality and sourcing of hemp oil products. Transparency in labeling and third-party testing will be critical in maintaining trust and ensuring the safety and efficacy of hemp oil products.
Get an In-Depth Research Analysis of the Global Hemp Oil Market Size And Forecast [2025-2032]
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Cannavest
Pharmahemp
ENDOCA
BAFA Gmbh
Protect Pharma Rakitovica
Biobloom Hemp
Deep Nature Project
Harmony
DragonflyCBD
MH medical hemp GmbH
Cannavest
Elixinol
HemPoland
Opencrop GmbH
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hemp Oil Market
Cold-pressed Hemp Seed Oil
Refined Hemp Seed Oil
Hemp Essential Oil
Hemp CBD Oil
Hemp Protein Oil
Food & Beverage
Cosmetics & Personal Care
Pharmaceuticals
Nutraceuticals
Industrial Applications
Online Retail
Supermarkets/Hypermarkets
Health & Wellness Stores
Specialty Stores
Pharmacies
Organic Hemp
Conventional Hemp
Households
Food Manufacturers
Cosmetic Brands
Nutraceutical Companies
Medical Professionals
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hemp Oil Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hemp Oil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hemp Oil Market, By Type
6. Global Hemp Oil Market, By Application
7. Global Hemp Oil Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Hemp Oil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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