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The global CBD oil market is fragmented due to the presence of numerous small and large vendors. The vendors compete based on factors such as price, quality, innovation, reputation, and distribution. Some vendors are adopting inorganic growth strategies such as mergers and acquisitions to remain competitive in the market.
Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Aurora Cannabis Inc., Canopy Growth Corp., CBD American Shaman LLC, CV Sciences Inc., Elixinol Global Ltd., Endoca BV, Gaia Botanics, Isodiol International Inc., Medical Marijuana Inc., and NuLeaf Naturals LLC are identified as key market participants.
The growing millennial population in key cannabis markets has been instrumental in driving the growth of the market. However, adverse effects of CBD oil products might hamper the market growth.
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CBD Oil Market Segmentation
The global CBD oil market is segmented as below:
- Product
- Marijuana Derived CBD Oil
- Hemp-Deriveded CBD Oil
The market growth in the marijuana-derived CBD oil segment will be significant over the forecast period. The increasing number of countries legalizing marijuana and the rising number of organized retailing outlets offering CBD oil-based products are driving the growth of the segment.
- Geography
- North America
- South America
- Europe
- APAC
- MEA
North America is the dominant region, occupying 37% of the global market share. The presence of a large number of hemp producers and manufacturers is driving the growth of the regional market. The US and Canada are the key markets for CBD Oil in North America.
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CBD Oil Market Key Highlights
- CAGR of the market during the forecast period
- Detailed information on factors that will assist CBD oil market growth during the next five years
- Estimation of the CBD oil market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the CBD oil market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of CBD oil market vendors
To know additional highlights and key points on various market segments and their impact in coming years. Read Sample Report Before Purchasing
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CBD Oil Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 26.43% |
Market growth 2022-2026 |
$ 3.97 billion |
Market structure |
Fragmented |
YoY growth (%) |
25.16 |
Regional analysis |
North America, South America, Europe, APAC, and Middle East and Africa |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, Canada, Germany, France, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aurora Cannabis Inc., BIOTA Biosciences LLC, CannazALL, Canopy Growth Corp., CBD American Shaman LLC, CV Sciences Inc., Elixinol Wellness Ltd., Endoca BV, Folium Biosciences, Gaia Botanics, Green Roads of Florida LLC, Happie Hemp Pvt. Ltd., Isodiol International Inc., Kazmira LLC, Leafly Holdings Inc., Medical Marijuana Inc., NuLeaf Naturals LLC, Pharmahemp, Silver Shadow Ventures LLC, and Tilray Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Marijuana derived cbd oil - Market size and forecast 2021-2026
- Exhibit 28: Chart on Marijuana derived cbd oil - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Marijuana derived cbd oil - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Marijuana derived cbd oil - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Marijuana derived cbd oil - Year-over-year growth 2021-2026 (%)
- 5.4 Hemp derived cbd oil - Market size and forecast 2021-2026
- Exhibit 32: Chart on Hemp derived cbd oil - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Hemp derived cbd oil - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Hemp derived cbd oil - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Hemp derived cbd oil - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Product
- Exhibit 36: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 South America - Market size and forecast 2021-2026
- Exhibit 46: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Canada - Market size and forecast 2021-2026
- Exhibit 66: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 France - Market size and forecast 2021-2026
- Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.12 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 Aurora Cannabis Inc.
- Exhibit 89: Aurora Cannabis Inc. - Overview
- Exhibit 90: Aurora Cannabis Inc. - Product / Service
- Exhibit 91: Aurora Cannabis Inc. - Key offerings
- 10.4 Canopy Growth Corp.
- Exhibit 92: Canopy Growth Corp. - Overview
- Exhibit 93: Canopy Growth Corp. - Business segments
- Exhibit 94: Canopy Growth Corp. - Key news
- Exhibit 95: Canopy Growth Corp. - Key offerings
- Exhibit 96: Canopy Growth Corp. - Segment focus
- 10.5 CBD American Shaman LLC
- Exhibit 97: CBD American Shaman LLC - Overview
- Exhibit 98: CBD American Shaman LLC - Product / Service
- Exhibit 99: CBD American Shaman LLC - Key offerings
- 10.6 CV Sciences Inc.
- Exhibit 100: CV Sciences Inc. - Overview
- Exhibit 101: CV Sciences Inc. - Business segments
- Exhibit 102: CV Sciences Inc. - Key offerings
- Exhibit 103: CV Sciences Inc. - Segment focus
- 10.7 Elixinol Wellness Ltd.
- Exhibit 104: Elixinol Wellness Ltd. - Overview
- Exhibit 105: Elixinol Wellness Ltd. - Business segments
- Exhibit 106: Elixinol Wellness Ltd. - Key offerings
- Exhibit 107: Elixinol Wellness Ltd. - Segment focus
- 10.8 Endoca BV
- Exhibit 108: Endoca BV - Overview
- Exhibit 109: Endoca BV - Product / Service
- Exhibit 110: Endoca BV - Key offerings
- 10.9 Gaia Botanics
- Exhibit 111: Gaia Botanics - Overview
- Exhibit 112: Gaia Botanics - Product / Service
- Exhibit 113: Gaia Botanics - Key offerings
- 10.10 Isodiol International Inc.
- Exhibit 114: Isodiol International Inc. - Overview
- Exhibit 115: Isodiol International Inc. - Product / Service
- Exhibit 116: Isodiol International Inc. - Key offerings
- 10.11 Medical Marijuana Inc.
- Exhibit 117: Medical Marijuana Inc. - Overview
- Exhibit 118: Medical Marijuana Inc. - Product / Service
- Exhibit 119: Medical Marijuana Inc. - Key offerings
- 10.12 NuLeaf Naturals LLC
- Exhibit 120: NuLeaf Naturals LLC - Overview
- Exhibit 121: NuLeaf Naturals LLC - Product / Service
- Exhibit 122: NuLeaf Naturals LLC - Key offerings
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 123: Inclusions checklist
- Exhibit 124: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 125: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 126: Research methodology
- Exhibit 127: Validation techniques employed for market sizing
- Exhibit 128: Information sources
- 11.5 List of abbreviations
- Exhibit 129: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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