The global cannabidiol market was valued at USD 7.10 Billion in 2024, driven by the increasing legalisation of marijuana and its widespread application across various industries. It is expected to grow at a CAGR of 19.40% between 2025-2034, reaching a value of USD 41.81 Billion by 2034.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2025-2034
Cannabidiol Market Outlook
*this image is indicative*
Cannabidiol, also known as CBD, is an active ingredient found in the cannabis plant that is not addictive. The cannabis plant is also known as hemp or cannabis sativa. It has numerous health benefits including helping reduce PTSD symptoms, easing diabetic complications, treating opioid addiction, offsetting depression and anxiety, protecting against neurological diseases, relieving pain, and alleviating ALS symptoms.
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Pharmaceutical Advancements Driving Global Cannabidiol Market Growth
The rising demand for pharmaceutical-grade cannabinoid products and expanding regulatory support for cannabinoids drive the cannabidiol market globally. In November 2024, Vantage Hemp Co. announced the commercial launch of its pharmaceutical-grade CBG isolate, manufactured in a certified GMP facility with cGMP compliance. Alongside this launch, Vantage made strides in Brazil by validating a client’s formula under ANVISA’s RDC 327 framework and applying for ANVISA Good Manufacturing Practices Certification. These developments set new industry standards and expand access to compliant cannabinoid products, positioning Vantage to significantly impact market growth during the forecast period.
Innovative Drug Formats to Boost Cannabidiol Market Value
The increasing focus on enhanced bioavailability and consumer-friendly drug delivery systems is reshaping the cannabidiol market. In June 2024, dsm-firmenich introduced CBtru®, an advanced CBD drug product intermediate designed for oral solid dosage formats, including tablets and chewables. This IP-protected product enables higher drug loading and improved bioavailability, revolutionising patient-friendly CBD-based therapies. By enabling development of orally disintegrating tablets with superior functionality, CBtru® enhances therapeutic outcomes and convenience. These advancements are poised to drive market development, with dsm-firmenich setting benchmarks in cannabinoid innovation and expanding opportunities for CBD’s adoption in mainstream healthcare solutions.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
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The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Source
Market Breakup by Sales Channel
Market Breakup by End User
Market Breakup by Region
Market Segmentation by Source to Undergo Noticeable Growth
The hemp segment dominates the market due to its lower THC content, making it widely accepted for therapeutic and wellness applications. Legalisation and regulatory support for hemp-derived products across various countries further boost its adoption. Hemp is cost-effective to cultivate, ensuring a consistent supply for manufacturers. The rising demand for CBD in wellness products like cosmetics and nutraceuticals drives future growth. With its versatility and broader acceptance in legal markets, the hemp segment is poised to drive market growth during the forecast period, solidifying its position as the primary source for CBD production globally.
B2C Channel to Lead the Cannabidiol Market Segmentation by Sales Channel
The business-to-consumer (B2C) segment holds a significant share of the market, fueled by the increasing preference for online shopping and direct retail sales. E-commerce platforms offer consumers convenient access to a wide range of CBD products, complete with detailed product information and competitive pricing, making it easier for people to explore new offerings. A notable development occurred in June 2024, when Curaleaf Holdings Inc., a global leader in cannabis products, launched a new line of hemp-derived THC products under its Select and Zero Proof brands. These products became available for direct consumer orders via Curaleaf’s new online platform as well. This move underscores the growing importance of the B2C channel, as it provides direct access to Farm Bill-compliant, hemp-derived products.
The surge in wellness and self-care trends also plays a pivotal role, with more individuals seeking CBD for personal health. As digital marketing strategies improve and access to CBD products becomes more seamless, the B2C segment will continue to drive market expansion and enhance consumer adoption worldwide.
Rising Application in the Wellness Sector is Set to Elevate Cannabidiol Market Value
The wellness segment is expected to lead the market by end user, driven by increasing consumer interest in CBD-infused products for relaxation, skincare, and dietary health. Applications in food and beverages, personal care, and nutraceuticals dominate, with CBD’s therapeutic benefits enhancing its appeal. Rising disposable incomes and a focus on natural remedies propel growth in this segment. Manufacturers are innovating with novel product formats, meeting diverse consumer demands. As wellness trends continue to rise globally, the segment is expected to expand further, elevating the overall market value of cannabidiol in the forecast period.
North America is expected to hold a significant share of the market due to its early legalisation of CBD across various states, creating a mature regulatory framework. The region boasts a robust network of manufacturers, distributors, and retailers, supported by advanced agricultural practices for hemp cultivation. Consumer awareness of CBD’s therapeutic and wellness benefits is notably high, driving demand across personal care, pharmaceuticals, and nutraceuticals. Additionally, significant investments in research and product innovation by North American companies contribute to the market’s expansion. The region’s focus on developing high-quality, diverse CBD products ensures its dominance and paves the way for sustained growth in the forecast period.
The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Gaia Herbs, Inc., CBD Store, Medterra CBD, LLC, Anthology Brands, The CBDistillery, and NuLeaf Naturals, LLC.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Sales Channel |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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