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.
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.
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.
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.
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.
Market Size Available
2020 – 2025
2021 - 2026
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
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 - By Type
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
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
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 2022 - 2027 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.
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.
1.1 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
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 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 (2022 - 2027)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Hemp Oil Market, By Application
6.2.3 Personal Care Products
6.2.6 Market Size Estimations & Forecasts (2022 - 2027)
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
7.2.2 By Type
7.2.3 By Application
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
22.214.171.124 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
126.96.36.199 Middle East
7.6.2 By Type
7.6.3 By Application
8. Key Player Analysis
8.1 Isodiol International Inc
8.1.1 Business Description
8.1.4 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
8.10 Spring Creek Labs
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Global Hemp Oil Market By Region, From 2022 - 2027 ( USD Billion )
Global Hemp Oil Market By Type, From 2022 - 2027 ( USD Billion )
Global Hemp Seed Market By Region, From 2022 - 2027 ( USD Billion )
Global Hemp Seed Oil Market By Region, From 2022 - 2027 ( USD Billion )
Global Hemp Fiber Market By Region, From 2022 - 2027 ( USD Billion )
Global CBD Hemp Oil Market By Region, From 2022 - 2027 ( USD Billion )
Global Hemp Oil Market By Application, From 2022 - 2027 ( USD Billion )
Global Food Market By Region, From 2022 - 2027 ( USD Billion )
Global Beverages Market By Region, From 2022 - 2027 ( USD Billion )
Global Personal Care Products Market By Region, From 2022 - 2027 ( USD Billion )
Global Textiles Market By Region, From 2022 - 2027 ( USD Billion )
Global Pharmaceuticals Market By Region, From 2022 - 2027 ( USD Billion )
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