Global CBD Oil Market Size, Share, Trends, and Forecast to 2031
CBD oil is a plant-based extract obtained from cannabis, predominantly sourced from industrial hemp strains that contain very low levels of THC. The extract is commonly blended with carrier oils such as hemp seed oil or coconut oil to enhance bioavailability. Available in various formulations including full-spectrum CBD, which preserves multiple cannabinoids and terpenes, and CBD isolate, offering pure cannabidiol CBD oil has become a widely used ingredient across health, wellness, and personal care industries. CBD Oil Market Size and Growth The CBD oil market is set to witness remarkable growth over the coming years, supported by favorable regulatory shifts, expanding product awareness, and rising demand for natural wellness solutions. The market was valued at US$ 5.80 billion in 2024 and is expected to reach US$ 15.66 billion by 2031 , growing at an impressive CAGR of 31.2% during the 2025–2031 forecast period . This growth reflects increasing ...