CBD Oil And CBD Consumer Health Market Forecast Reaching $207.07 Billion by 2029 at 27.6% CAGR
Discover trends, market shifts, and competitive outlooks for the cbd oil and cbd consumer health industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Are the Projected Market Size and Growth Rates for the CBD Oil And CBD Consumer Health Market From 2025 To 2029?
The market size for CBD oil and CBD consumer health has seen extensive growth in the previous years. The market, which is projected to rise from a valuation of $62.05 billion in 2024 to a whopping $78.03 billion in 2025, reflects a compound annual growth rate (CAGR) of 25.8%. This growth during the historical period can be ascribed to several factors, including the legalization and revision of regulations, evolution in societal perspectives, e-commerce development, retail channel expansion, and support from celebrity endorsements.
The size of the CBD oil and CBD consumer health market is forecasted to experience significant expansion in the imminent few years. It is estimated to proliferate to $207.07 billion in 2029, with a compound annual growth rate (CAGR) of 27.6%. Several factors contribute to this growth during the forecast period such as the expansion to international markets, programs aimed at consumer education, increased focus on sustainability, recommendations by healthcare professionals, and the surge in educational initiatives. Notable trends anticipated during this forecast period encompass microdosing, pet CBD products, beverages infused with CBD, integration of health and fitness, and combinations of cannabinoids.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the CBD Oil And CBD Consumer Health Market?
The rising consciousness about the health advantages of products infused with CBD is significantly contributing to the growth of the CBD oils and CBD consumer health market. CBD-infused products consist of food items and personal care products that incorporate CBD as an integral ingredient. As individuals become more informed about the health advantages of CBD-infused products, the usage of these cannabidiol products escalates. These products are commonly utilized to manage sleep issues, anxiety, pain, stress, and discomfort. For example, in March 2022, the National Association of Convenience Stores, a United States-based association for convenience and fuel retailing, reported that while pain relief was the foremost benefit of CBD, mental health benefits are vital, especially to millennials. As per their report, 67% reported that CBD provides relief from anxiety, 46% stated it assists with depression, and 41% declared that it ameliorates PTSD symptoms. Hence, this escalating awareness regarding the health advantages of CBD-infused products is fueling the expansion of the CBD oils and CBD consumer health market.
Which Key Market Segments Comprise the CBD Oil And CBD Consumer Health Market and Drive Its Revenue Growth?
The CBD oil and CBD consumer health market covered in this report is segmented –
1) By Product: CBD Oil, CBD Consumer Health
2) By Application: Anxiety Or Stress, Sleep Or Insomnia, Chronic Pain, Migraines, Skin Care, Seizures, Joint Pain And Inflammation, Neurological Conditions, Other Applications
3) By Distribution Channel: CBD Oil (B2B And B2C), CBD Consumer Health (Online, Retail Stores, And Retail Pharmacies)
Subsegments:
1) By CBD Oil: Full-Spectrum CBD Oil, Broad-Spectrum CBD Oil, CBD Isolate
2) By CBD Consumer Health: CBD-Infused Edibles, CBD Beverages, CBD Topicals, CBD Capsules And Softgels, CBD Vapes And Vape Oils, Other CBD Products
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Which Areas Are Leading Regions in the CBD Oil And CBD Consumer Health Market Expansion Across the Globe?
North America was the largest region in the CBD oil and CBD consumer health market share in 2024. The regions covered in the CBD oil and CBD consumer health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Are the Key Market Trends in theCBD Oil And CBD Consumer Health Market Over the Coming Years?
Leading firms in the CBD oils and consumer health industries are striving to maintain their market standing by introducing innovative products such as premium pure cannabidiol (CBD) gummies. These are edible sweets that feature high-grade CBD oil, a compound found in the cannabis plant. For example, in May 2022, American premium supplement company NextEvo Naturals announced the launch of their NextEvo premium pure cannabidiol (CBD) gummies with hemp extract. These contain 10 mg of SmartSorb CBD, and are vegan, non-GMO, and THC-free. The use of SmartSorb delivery technology allows for quicker and increased absorption by transforming oil-soluble CBD into an emulsion resembling water-soluble CBD.
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How Is the CBD Oil And CBD Consumer Health Market Conceptually Defined?
CBD (Cannabidiol) is a non-psychoactive component derived from the cannabis sativa plant. CBD oil is made by extracting cannabidiol and then diluting it with carrier oil like hemp seed oil or coconut oil. The CBD oils and CBD consumer health are used in dietary supplements for health benefits.
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