Hemp derived Cannabidiol Market was valued at USD 4.6 Billion in 2022 and is projected to reach USD 12.8 Billion by 2030, growing at a CAGR of 14.0% from 2024 to 2030.
The hemp-derived cannabidiol (CBD) market is gaining substantial momentum as demand for CBD-based products rises globally. Hemp-derived CBD is a naturally occurring compound extracted from the hemp plant, known for its non-psychoactive properties. CBD has found a variety of uses across multiple industries, particularly in personal care and cosmetics, food and beverages, nutraceuticals, and other emerging segments. Its potential therapeutic properties, such as stress relief, pain management, and anti-inflammatory effects, have fueled its popularity and adoption in various consumer products. The hemp-derived CBD market has expanded significantly in recent years, driven by the growing awareness of CBD's health benefits, favorable regulatory frameworks, and increasing consumer interest in natural wellness solutions. These factors are expected to continue fueling growth in the hemp-derived CBD sector, as it establishes itself as a mainstream ingredient in numerous applications.
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The personal care and cosmetics segment of the hemp-derived CBD market is one of the fastest-growing sectors, owing to CBD's beneficial effects on skin health. CBD-infused skincare products are gaining popularity due to their purported anti-inflammatory, antioxidant, and soothing properties. Hemp-derived CBD is used in a variety of personal care products such as creams, lotions, oils, serums, and lip balms, catering to consumers seeking natural solutions to skin conditions like acne, dryness, and redness. CBD's ability to nourish and hydrate the skin, along with its anti-aging benefits, makes it an attractive ingredient in beauty and wellness products. Furthermore, as more consumers embrace the trend of clean, eco-friendly beauty products, hemp-derived CBD is increasingly seen as a key ingredient in the formulation of products that align with these values. As a result, many major skincare brands and cosmetics companies are incorporating CBD into their product lines to capitalize on the growing demand for these beneficial formulations.The growth of CBD in the personal care and cosmetics industry is also driven by rising consumer interest in wellness, with many opting for plant-based ingredients and alternative therapies. As the demand for natural and organic beauty products continues to increase, hemp-derived CBD is emerging as a key player in transforming the beauty and skincare market. Companies are exploring innovative ways to incorporate CBD into a wide range of personal care products, further boosting the market's growth. This includes expanding product offerings to include CBD-infused hair care products, bath products, and sun protection items. The global shift towards clean beauty is expected to continue benefiting the hemp-derived CBD market in personal care and cosmetics, contributing to its rapid expansion across the globe.
The food and beverages sector is another critical application area for hemp-derived cannabidiol, offering a wide variety of products that cater to consumers looking to incorporate the benefits of CBD into their diets. Hemp-derived CBD is used in a wide array of products, from beverages such as CBD-infused water, coffee, and teas to edibles like gummies, chocolates, and snacks. The inclusion of CBD in food and beverage products provides consumers with an easy and convenient method of experiencing the potential therapeutic benefits of CBD, such as reducing anxiety, improving sleep, and alleviating pain. As the demand for functional foods grows, CBD is becoming a popular addition due to its purported ability to support overall health and wellness. CBD-infused food and beverages are gaining traction, particularly among health-conscious consumers and those looking for alternatives to traditional medicine.In addition to meeting growing demand for wellness-oriented products, the food and beverage segment of the hemp-derived CBD market benefits from shifting attitudes toward cannabis consumption. The legalization of CBD in various regions has paved the way for innovation and expansion in this sector, with manufacturers experimenting with a range of CBD-infused products. Regulatory clarity surrounding CBD in food products continues to evolve, allowing companies to better plan and execute strategies for product development. Additionally, as the stigma surrounding CBD continues to decrease, the food and beverage market is expected to see continued growth, particularly in the areas of functional drinks, dietary supplements, and meal additives. The ability to offer CBD in a range of consumable formats positions this segment for substantial long-term growth.
The nutraceuticals sector is another significant application of hemp-derived cannabidiol, encompassing dietary supplements, functional foods, and medicinal products. CBD’s growing reputation for supporting overall wellness and addressing various health concerns has contributed to its increasing presence in the nutraceuticals market. As consumers become more health-conscious and seek alternatives to traditional pharmaceuticals, CBD-infused supplements are gaining popularity for their potential to alleviate issues such as chronic pain, anxiety, depression, and sleep disturbances. Hemp-derived CBD is commonly found in capsules, tinctures, soft gels, and oils, making it accessible to a wide range of consumers. Additionally, the ability to regulate and dose CBD accurately makes it a preferred choice for individuals seeking a natural remedy without the side effects commonly associated with pharmaceutical drugs.The rapid expansion of the hemp-derived CBD market in nutraceuticals is fueled by increasing consumer awareness of the benefits of plant-based ingredients and the rise of the self-care trend. With the growing demand for CBD-based supplements, manufacturers are investing in research and development to create new products that cater to a wide variety of consumer needs. As the regulatory landscape continues to evolve, especially with the growing acceptance of CBD for medical and wellness purposes, the nutraceuticals sector is expected to experience significant growth. Additionally, the increasing availability of CBD-based products in mainstream retail outlets and online platforms is further boosting consumer adoption of hemp-derived CBD supplements, making them easily accessible to a broader market.
The "Others" category encompasses a variety of emerging applications for hemp-derived cannabidiol, including pet care, pharmaceuticals, and textiles. CBD's versatility extends beyond traditional sectors, as it is increasingly being incorporated into products aimed at improving the health and wellbeing of pets. CBD-infused pet products, such as oils, treats, and capsules, are gaining popularity for their potential to reduce anxiety, improve mobility, and promote relaxation in animals. Additionally, CBD is being explored for use in pharmaceutical formulations, including as an adjunct therapy for various medical conditions, particularly in the realm of pain management and neurodegenerative diseases. This expanding application base highlights the growing potential of hemp-derived CBD across diverse industries.Furthermore, hemp-derived CBD is finding its way into textile applications, particularly in the form of CBD-infused fabrics. These fabrics are being marketed for their potential health benefits, including their ability to reduce inflammation and alleviate pain when in contact with the skin. As innovation continues in the hemp-derived CBD market, the "Others" segment is expected to grow rapidly, with new applications being explored regularly. The potential for CBD to disrupt multiple industries makes this category an exciting area of growth, with future developments poised to push the boundaries of hemp-derived CBD's reach even further.
The hemp-derived cannabidiol market is witnessing several key trends that are shaping its growth trajectory. One prominent trend is the increasing demand for natural and organic products across multiple sectors, including personal care, food and beverages, and nutraceuticals. As consumers become more health-conscious, they are seeking plant-based, chemical-free alternatives, positioning CBD as a favorable choice. Another significant trend is the rise of CBD-infused wellness products, with consumers increasingly turning to CBD for stress relief, sleep improvement, and overall wellness. This growing consumer awareness and acceptance of CBD's potential health benefits are helping fuel market expansion. The trend toward CBD as a therapeutic ingredient in consumer products is expected to continue driving market growth in the coming years.Additionally, the regulatory landscape surrounding hemp-derived CBD is evolving, with increasing legalization and clearer guidelines helping to drive consumer confidence. As more regions legalize CBD for both recreational and medicinal purposes, the market will likely see expanded access and acceptance, paving the way for further innovation and product development. The development of novel CBD formulations and delivery systems is also expected to be a major trend, as companies look for new ways to enhance the consumer experience and differentiate their products in a competitive market. These trends suggest a dynamic future for the hemp-derived CBD market, with significant growth expected across various industries.
The hemp-derived cannabidiol market presents numerous opportunities for businesses and investors alike. The increasing demand for CBD-based products in personal care, food and beverages, and nutraceuticals opens up a wide range of potential for new product development. Companies can tap into niche markets by offering innovative CBD-infused solutions that cater to specific consumer needs, such as sleep aids, anxiety relief, and pain management. Moreover, as regulatory frameworks continue to evolve and legal barriers decrease, companies have the opportunity to expand their reach into new geographical regions, capitalizing on the growing global acceptance of CBD. The expansion of CBD's application base into sectors like pharmaceuticals, pet care, and textiles also offers untapped opportunities for innovation and growth. For those in the hemp-derived CBD industry, these opportunities represent a promising future as demand continues to rise.
What is hemp-derived cannabidiol (CBD)?
Hemp-derived cannabidiol (CBD) is a non-psychoactive compound found in hemp plants, known for its potential health benefits.
Is CBD legal?
CBD's legality depends on the country and its regulatory framework; many regions have legalized CBD with low THC content.
What are the benefits of hemp-derived CBD?
Hemp-derived CBD is believed to help with pain relief, reducing anxiety, improving sleep, and supporting overall wellness.
Can CBD be used in skincare products?
Yes, CBD is commonly used in skincare for its anti-inflammatory, antioxidant, and moisturizing properties.
Are CBD products safe to use?
CBD products are generally considered safe, though consumers should consult healthcare professionals, especially if taking other medications.
What is the difference between hemp CBD and marijuana CBD?
Hemp CBD is derived from hemp plants with low THC levels, while marijuana CBD comes from cannabis plants with higher THC content.
How does CBD work in the body?
CBD interacts with the body’s endocannabinoid system, which helps regulate various functions like mood, sleep, and pain.
Can CBD help with anxiety?
Some studies suggest that CBD may help alleviate anxiety by interacting with receptors in the brain that regulate mood.
What types of products contain hemp-derived CBD?
Hemp-derived CBD can be found in products like oils, capsules, edibles, skincare, and beverages.
Is hemp-derived CBD addictive?
No, hemp-derived CBD is non-addictive and does not produce a "high" like THC-containing products.
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Elixinol
ENDOCA
HempMeds
Kazmira
CV Sciences
Inc
Isodiol International
Inc
CBD Life
CBD American Shaman
IRIE CBD
Bluebird Botanicals
True Blue
Groff North America Hemplex
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 derived Cannabidiol Market
Personal Care and Cosmetics
Food and Beverages
Nutraceuticals
Others
Based on Types the Market is categorized into Below types that held the largest Hemp derived Cannabidiol market share In 2023.
Hemp-derived CBD Distillate
Hemp-derived CBD Isolate
Hemp-derived CBD Terpenes
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 derived Cannabidiol 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 derived Cannabidiol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hemp derived Cannabidiol Market, By Type
6. Global Hemp derived Cannabidiol Market, By Application
7. Global Hemp derived Cannabidiol Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Hemp derived Cannabidiol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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