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Pulished Date April, 2021
ID: 10626
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Hemp Oil Market Segmentation By Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, CBD Hemp Oil), By Application (Food, Beverages, Personal Care Products, Textiles and Pharmaceuticals), and Region (North America, Latin America, Europe, APAC, MEA) - Global Industry Analysis on Size, Share, Trends, Forecast | 2021 to 2026

Pulished: April, 2021
ID: 10626
Pages: 180

Hemp Oil Market Size, Share & Forecast (2021 - 2026)

The global Hemp Oil Market was valued at $ 82.45 million in 2021 and is predicted to reach $ 1,253.51 million by 2026, developing with a CAGR of 37.3% from 2021 to 2026.

The medicinal benefits derived from hemp oil are predicted to accelerate the call for hemp oil products. A change in the use of hemp oil has been observed around the world due to the growing awareness of its benefits and effects, which is leading to an increased call in the international marketplace.

Hemp oil is majorly obtained by pressing the hemp seeds that is widely employed in the production of various personal care products due to the presence of essential fatty acids, nutrients, and antioxidants in the oil. Also, hemp oil is employed in various applications such as pharmaceutical and nutraceuticals, industrial uses, food and beverage, etc. Different types of hemp oil, such as CBD oil, hemp essential oil, and hemp seed oil, are widely known around the world and are readily available in the market. The extracted oil is employed primarily in skin care products, although industrial hemp oil is employed in the production of paints, lubricants, fuels, and plastics. The presence of nutrients, essential fatty acids and antioxidants is perfect for the skin makes it ideal for massage and healing treatments. Escalating call for hemp oil from food and beverage and industrial applications, along with rising applications in the personal care products industry, primarily in North America and Europe, is foreseen to boost market call in the conjecture period. In addition, the hemp oil market is likely to experience significant expansion over the next five years due to a greater geographic presence and competition between market players.

Over the years, worldwide manufacturers have focused on continuous research and development to develop new and innovative products. Companies such as Gaia Botanicals, Isodiol, and Medical Marijuana, among others, are focusing on new product innovation and hemp oil product launches. Additionally, several companies have also launched anti-aging products and gum based on hemp oil, which are creating opportunities in the worldwide hemp oil market during the foreseen period. A total of 111 new products were launched between 2008 and 2017 around the world, which contained hemp seed oil as an active ingredient.

Recent Developments 

  • qemp, the newly introduced CBD product line powered by Nature's Sunshine, redefines quality and performance with qemp ZERO, a pure hemp seed oil with selected herbs that create a unique and advantageous product that people in ALL states can appreciate it.

  • Noida-based Canna Essentials launched India's first Hemp iOS mobile app for its customers. This simple and easy to use application is compatible with all versions of iOS. It has all the features like a wish list and orders the products with any online payment method or cash on delivery.

Hemp Oil Market Drivers & Restraints

The growing call for hemp oil worldwide due to the escalating adoption in personal care products and the food and beverage industries worldwide is a key driver of the expansion of the global hemp oil market. Additionally, an increased awareness of the various health benefits associated with this oil, such as relief from anxiety, sleep disorders, chronic pain, and others, leads to a growing call for hemp oil in the world market. The escalating adoption of hemp oil in many nutraceutical and pharmaceutical applications and the growing awareness of hemp seed oil that helps prevent various diseases such as diabetes, inflammation, cancer and others are predicted to drive expansion in the worldwide market.

In addition, the rising penetration of hemp oil in the e-commerce platform and the increasing adoption of hemp oil in the production of fuel, lubricants, paints and other industrial uses are other factors that will likely drive the expansion of the target market during the outlook period. Hemp oil relieves chronic pain, sleep disturbances, anxiety, and nerve pain, among others. The health benefits of hemp have led to an increase in call for hemp oil in recent years. In addition, the expansion of the online distribution channel is also an important factor, which is accelerating the expansion of the global hemp oil market.

The high cost associated with hemp oil is a key factor that is predicted to hamper the expansion of the target market in future.

Opportunities in the Hemp Oil Market

The world market for hemp oil has undergone several changes in recent years and is foreseen to change significantly in the near future due to changes in production sources, changes in consumer preferences adjustments to market parameters. Hemp oil is highly employed in the food and beverage industry and in personal care products around the world. In addition, the high investments in research and development and the escalating number of aggressive marketing strategies by the major manufacturers of hemp oil are other important factors that are estimated to prolong the expansion of the target market in the coming years.

Challenges in the Hemp Oil Market

The availability of hemp oil substitutes in the market is a difficult factor that can affect the expansion of the target market to some extent.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

37.5%

Segments Covered

By Application, Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

are Isodiol International Inc, HempLife Today, Hemp Oil Canada Inc, Medical Marijuana, Inc., Folium Biosciences, CV Sciences, Inc., Pharmahemp d.o.o., Gaia Botanicals, LLC, Canazil, Kazmira, Spring Creek Labs, Cavendish Nutrition Fulfillment LLC, Dr. Hemp Me., QC Infusion, Hemp Production Services, Hudson Valley Hemp, LLC., Green Roads, Royal CBD, Moon Mother Hemp Company, CBD Oil Europe, , King CBD

 

Hemp Oil Market

Hemp Oil Market Segmentation as per the research report until 2026.

Hemp Oil Market - By Type

  • Hemp Seed
  • Hemp Seed Oil
  • Hemp Fiber
  • CBD Hemp Oil

CBD hemp oil segment is estimated to record the highest growth because of its prominence in the treatment of conditions like depression, pain, anxiety and acne. Additionally, the escalating application of CBD hemp oil in personal care products, health supplements, and food and beverage is likely to boost the market of this type.

Hemp Oil Market - By Application

  • Food
  • Beverages
  • Personal Care Products
  • Textiles
  • Pharmaceuticals

The hemp oil market, by application, was dominated by the food segment in 2018, due to the wide application of hemp seeds and hemp seed oil, due to their rich content of vitamins, proteins and omega-3 fatty acids. Hemp seeds are eaten raw or employed as a garnish in cereals, smoothies, and yogurt.

Hemp Oil Market - By Region

  • North America 

  • Europe 

  • Asia Pacific

  • Latin America 

  • Middle East & Africa 

The hemp oil market in North America has a significant revenue share in the worldwide market, followed by Europe, due to the high adoption of hemp oil-based personal care products and food and beverage in countries like Canada, the United States, France, the United Kingdom, Italy and Germany of these regions. The market in the Asia-Pacific region is estimated to experience significant expansion in the target market, due to the improving call for various massage and healing treatments, high adoption of anti-aging products based on hemp oil and strong adoption of hemp oil food and beverages in countries like China, Japan and India.

North America is predicted to see expansion at the highest CAGR from 2021 to 2026 due to growing call for various end applications in the region and the relaxation of stricter regulations on sales of hemp oil to consumers of United States. In May 2018, the Drug Enforcement Administration (DEA) issued an internal guideline recognizing that products and materials made from the cannabis plant do not meet the CSA (Controlled Substances Act) definition of marijuana.

Hemp Oil Market Key Players listed in the report:

Few of the major competitors currently working in the global hemp oil market are Isodiol International Inc, HempLife Today, Hemp Oil Canada Inc, Medical Marijuana, Inc., Folium Biosciences, CV Sciences, Inc., Pharmahemp d.o.o., Gaia Botanicals, LLC, Canazil, Kazmira, Spring Creek Labs, Cavendish Nutrition Fulfillment LLC, Dr. Hemp Me., QC Infusion, Hemp Production Services, Hudson Valley Hemp, LLC., Green Roads, Royal CBD, Moon Mother Hemp Company, CBD Oil Europe, , King CBD Company and others.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Hemp Oil Market, By Type                   

                              6.1.1 Hemp Seed             

                              6.1.2 Hemp Seed Oil      

                              6.1.3 Hemp Fiber            

                              6.1.4 CBD Hemp Oil        

                              6.1.5 Market Size Estimations & Forecasts (2021-2026)   

                              6.1.6 Y-o-Y Growth Rate Analysis              

                              6.1.7 Market Attractiveness Index           

               6.2 Hemp Oil Market, By Application                      

                              6.2.1 Food         

                              6.2.2 Beverages

                              6.2.3 Personal Care Products      

                              6.2.4 Textiles     

                              6.2.5 Pharmaceuticals    

                              6.2.6 Market Size Estimations & Forecasts (2021-2026)   

                              6.2.7 Y-o-Y Growth Rate Analysis              

                              6.2.8 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Type    

                              7.2.3 By Application        

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Type    

                              7.3.3 By Application        

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Type    

                              7.4.3 By Application        

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Type    

                              7.5.3 By Application        

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Type    

                              7.6.3 By Application        

8. Key Player Analysis                                   

               8.1 Isodiol International Inc                       

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 HempLife Today                      

               8.3 Hemp Oil Canada Inc                            

               8.4 Medical Marijuana, Inc                         

               8.5 Folium Biosciences                 

               8.6 CV Sciences, Inc                       

               8.7 Pharmahemp d.o.o                

               8.8 Gaia Botanicals, LLC               

               8.9 Kazmira                       

               8.10 Spring Creek Labs                 

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  • Global Hemp Oil Market By Region, From 2021-2026 ( USD Billion )

  • Global Hemp Oil Market By Type, From 2021-2026 ( USD Billion )

  • Global Hemp Seed Market By Region, From 2021-2026 ( USD Billion )

  • Global Hemp Seed Oil Market By Region, From 2021-2026 ( USD Billion )

  • Global Hemp Fiber Market By Region, From 2021-2026 ( USD Billion )

  • Global CBD Hemp Oil Market By Region, From 2021-2026 ( USD Billion )

  • Global Hemp Oil Market By Application, From 2021-2026 ( USD Billion )

  • Global Food Market By Region, From 2021-2026 ( USD Billion )

  • Global Beverages Market By Region, From 2021-2026 ( USD Billion )

  • Global Personal Care Products Market By Region, From 2021-2026 ( USD Billion )

  • Global Textiles Market By Region, From 2021-2026 ( USD Billion )

  • Global Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )

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