Hemp Oil Market Size, Trends and Insights By Product (Hemp Flower Oil, Hemp Seed Oil, CBD Oil), By Distribution Channel (Hospitals, Pharmacies, Online, Others), By Application (Pharma and Nutraceuticals, Personal Care & Cosmetics, Industrial, Food and Beverages, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | North America |
| Largest Market: | Asia-Pacific |
Major Players
- Aurora Cannabis Inc.
- ENDOCA.
- CV Sciences Inc.
- Gaia Herbs
- Isodiol International Inc
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Hemp Oil Market size was estimated at USD 80 Million in 2021 and is expected to reach USD 90 Million in 2022 and is expected to hit around USD 170 Million by 2030, poised to grow at a compound annual growth rate (CAGR) of 7% from 2022 to 2030.
Our research report offers a 360-degree view of the Hemp Oil market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Hemp Oil market.
- Hemp oil, or hemp seed oil, is made from hemp seeds. Hemp oil has a nutty flavour and ranges in colour from dark to clear, bright green. Because of its therapeutic benefits, hemp oil is becoming increasingly popular. The essential omega-3 fatty acids, vitamins, terpenes, chlorophyll, antioxidants, amino acids, and nutraceuticals are abundant in hemp oil. Phytocannabinoids such as cannabigerol (CBG), cannabichromene (CBC), cannabinol (CBN), and cannabidivarin (CBD) are also abundant in hemp oil.
- The use of hemp oil in massage therapy is another significant application. Hemp seeds or cannabis plants are used to obtain hemp oil using a sophisticated extraction method. Pure hemp oil can also be used as a dietary supplement. As hemp oil becomes increasingly popular, new products are being developed, including chewing gum, drops, pills, and even CBD hemp oil products.
- The most nutrient-dense natural food on the market, hemp seeds are rich in minerals, protein, and fibre. They are wonderful nutrients for human health since they are rich in vitamins A, C, and E. As per a 2014 study by the University of Seville in Spain, hemp seed offers the ideal ratio of omega-3 fatty to omega-6 acids and certain compounds that help reduce high blood pressure.
- Due to numerous major manufacturing facilities being shut down as a result of lockdowns in many nations during the Covid-19 outbreak, the market for hemp oil has experienced a minor decline globally.
- Pharmaceutical and biotechnology firms are concentrating on studying and creating hemp oil-based products to successfully treat the most prevalent forms of anxiety and depression. For instance, Clever Leaves started its direct-to-business sales platform for pharmaceutical-grade cannabis extract goods on February 21 for customers in Europe, Australia, and South America. These products include full-spectrum extract oils, THC-free full-spectrum hemp oil, and CBD isolate oil.
- Several hemp oil producers have concentrated on research and development during the COVID-19 pandemic and have introduced new personal care, medicinal, and cosmetic products.
- Additionally, a number of top manufacturers have transitioned to online platforms by establishing brand-new websites to support home services. For instance, Royal CBD debuted a website and a new line of premium CBD and hemp oil-based goods on May 1, 2020. Thus, during the course of the forecast years, manufacturers should benefit greatly from the increased number of new product launches and the surge in demand for clinical research.
Report Scope
The global Hemp Oil market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations. The scope of the study includes market sizing and forecast for segmentation by product, distribution channel, application, and geography.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 80 Million |
| Projected Market Size in 2030 | USD 170 Million |
| Market Size in 2022 | USD 90 Million |
| CAGR Growth Rate | 7% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Aurora Cannabis Inc., ENDOCA., CV Sciences, Inc., Gaia Herbs, Isodiol International Inc, CannazALL, VIVO Cannabis Inc., Hemp Oil Canada., FOLIUM BIOSCIENCES, Gaia Herbs, Medical Marijuana, Inc., CV Sciences, Inc., PharmaHemp, KAZMIRA, Canazil, SPRING CREEK LABS, Dr Hemp Me, Cavendish Nutrition LLC, QC Infusion, Hemp Production Services, and Others |
| Key Segment | By Product, Distribution Channel, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Market Dynamics
- Growing demand for many medical uses, including stress treatment, is driving the global market for hemp oils. They are employed in the pharmaceutical business to make pain-relieving cosmetics and personal care items. The pharmaceutical industry is investing more money in research and development for new hemp-based medicines as people become more aware of their benefits. Hemp oil is useful for treating a variety of chronic conditions, including sleep difficulties, nerve discomfort, chronic pain, anxiety, and more. Additionally, a significant element fueling the expansion of the global hemp oil market is the spike in demand via online based distribution websites.
- The hemp oil industry has been driven by the growing legalization of hemp oil used in many nations due to its incredible health advantages. For instance, the legalization of the cannabis compound cannabidiol in the United States in 2018 led to the passage of a farm bill that allowed for the production of industrial hemp (CBD).
- With an increase in the world’s senior population, anxiety and depressive disorders are becoming more common, which is another factor driving the market. As a result, there was an enormous demand for hemp oil to help patients recover and reduce their symptoms of stress.
- An increase was observed in the use of hemp oil in the production of cosmetics & personal care items and several major players are introducing hemp oil for the treatment of joint and muscular discomfort. For instance, Synerva introduced their New CBD oil Joint and Muscle Cream in October 2020 to help people with pain. The elderly population has a huge demand for medications derived from hemp oil to treat muscle pain. Due to a rise in consumer knowledge, increased disposable income, and growing demand from working women, there was an even greater increase in the demand for personal care and cosmetics items.
- A significant business opportunity for CBD may result from rising Food and Drug Administration (FDA) approvals and rising government authorization to cultivate CBD for medical use. Additionally, growing alliances, mergers, and acquisition activity among the top producers of hemp-based goods may create a significant possibility for market expansion.
The personal Care & Cosmetics Segment Dominated the Hemp Oil Market in 2021
- A growing amount of money is being spent on research and development to create and sell CBD oil-based treatments and therapies, which has led to the personal care and cosmetics segment having the largest market share among these in 2021. For instance, on July 6, 2020, consumers in the United States spent almost US$3 billion on hemp goods. Capsules, tablets, and other products comprise the pharmaceutical and nutraceutical segments.
- Personal care & cosmetics lotions, hand creams, jump balms, soaps, hair care products, shower gels, etc. Printing inks, construction materials, automobiles, textiles, solvents, and lubricants are some industrial subcategories.
- Food products and drinks are grouped as the food and beverage segment. As beverage consumption increases globally, the beverages segment has the largest market share. Food items can be divided into various categories, including cooking oils, cakes, desserts, bakery goods, doughnuts, frozen foods, salads, snacks, sauces, soups, and seasonings.
- Additional beverages are divided into alcoholic and non-alcoholic categories. Energy Drinks, soft drinks, RTD coffee, flavoured drinks, infused water, and others are the different categories of non-alcoholic beverages.
Competitive Landscape
The global hemp oil market has a large number of well-known companies. The market presents exciting opportunities for new businesses to engage as it is still in its early stages of development. Industry leaders use a variety of organic and inorganic strategies to get a competitive edge. Offering items that have been certified as organic is one of the primary tactics utilized by large players. In addition, a lot of companies are emphasizing clean-label promises.
- 2022: Tilray Brands, Inc. is growing its portfolio of CANACA cannabis brands. For discerning cannabis enthusiasts who want enhanced experiences, the brand’s most recent product release involves the introduction of three new high-potency full-spectrum butane hash oil-infused items and extended distribution of its current collection across Canada.
- 2022: Rubicon Organics Inc., a producer with a license dedicated to the cultivation and distribution of premium certified organic cannabis, announces the launch of eleven new products under the Simply Bare Organic and 1964 Supply Co brands in Quebec. This increases Rubicon Organics’ presence in Quebec by doubling the number of readily available products.
- 2021: The US-based market participant has announced product marketing that takes advantage of cutting-edge technology that allows the use of pharmaceutical-grade cannabidiol in the treatment of chronic illnesses. This project has assisted various firms in collaborating with CBD products and providing drinks infused with cannabis.
- 2021: The cannabis extractor, which creates cannabis concentrate without the use of solvents, was introduced to the market by one of the major players. The US Patent and Trademark Office has granted the corporation a patent for the invention.
The global Hemp Oil market is segmented as follows:
By Product
- Hemp Flower Oil
- Hemp Seed Oil
- CBD Oil
By Distribution Channel
- Hospitals
- Pharmacies
- Online
- Others
By Application
- Pharma and Nutraceuticals
- Personal Care & Cosmetics
- Industrial
- Food and Beverages
- Others
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Hemp Oil Market, (2022 – 2030) (USD Million)
- 2.2 Global Hemp Oil Market : snapshot
- Chapter 3. Global Hemp Oil Market – Industry Analysis
- 3.1 Hemp Oil Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Demand for preventive healthcare and the wide range of uses
- 3.2.2 Pharmaceutical firms are also developing CBD-derived goods for medical applications.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product
- 3.7.2 Market attractiveness analysis By Distribution Channel
- 3.7.3 Market attractiveness analysis By Application
- Chapter 4. Global Hemp Oil Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Hemp Oil Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Hemp Oil Market – Product Analysis
- 5.1 Global Hemp Oil Market overview: By Product
- 5.1.1 Global Hemp Oil Market share, By Product, 2021 and 2030
- 5.2 Hemp Flower Oil
- 5.2.1 Global Hemp Oil Market by Hemp Flower Oil, 2022 – 2030 (USD Million)
- 5.3 Hemp Seed Oil
- 5.3.1 Global Hemp Oil Market by Hemp Seed Oil, 2022 – 2030 (USD Million)
- 5.4 CBD Oil
- 5.4.1 Global Hemp Oil Market by CBD Oil, 2022 – 2030 (USD Million)
- 5.1 Global Hemp Oil Market overview: By Product
- Chapter 6. Global Hemp Oil Market – Distribution Channel Analysis
- 6.1 Global Hemp Oil Market overview: By Distribution Channel
- 6.1.1 Global Hemp Oil Market share, By Distribution Channel, 2021 and 2030
- 6.2 Hospitals
- 6.2.1 Global Hemp Oil Market by Hospitals, 2022 – 2030 (USD Million)
- 6.3 Pharmacies
- 6.3.1 Global Hemp Oil Market by Pharmacies, 2022 – 2030 (USD Million)
- 6.4 Online
- 6.4.1 Global Hemp Oil Market by Online , 2022 – 2030 (USD Million)
- 6.5 Others
- 6.5.1 Global Hemp Oil Market by Others, 2022 – 2030 (USD Million)
- 6.1 Global Hemp Oil Market overview: By Distribution Channel
- Chapter 7. Global Hemp Oil Market – Application Analysis
- 7.1 Global Hemp Oil Market overview: By Application
- 7.1.1 Global Hemp Oil Market share, By Application, 2021 and 2030
- 7.2 Pharma and Nutraceuticals
- 7.2.1 Global Hemp Oil Market by Pharma and Nutraceuticals, 2022 – 2030 (USD Million)
- 7.3 Personal Care & Cosmetics
- 7.3.1 Global Hemp Oil Market by Personal Care & Cosmetics, 2022 – 2030 (USD Million)
- 7.4 Industrial
- 7.4.1 Global Hemp Oil Market by Industrial, 2022 – 2030 (USD Million)
- 7.5 Food and Beverages
- 7.5.1 Global Hemp Oil Market by Food and Beverages, 2022 – 2030 (USD Million)
- 7.6 Others
- 7.6.1 Global Hemp Oil Market by Others, 2022 – 2030 (USD Million)
- 7.1 Global Hemp Oil Market overview: By Application
- Chapter 8. Hemp Oil Market – Regional Analysis
- 8.1 Global Hemp Oil Market Regional Overview
- 8.2 Global Hemp Oil Market Share, by Region, 2021 & 2030 (USD Million)
- 8.3. North America
- 8.3.1 North America Hemp Oil Market, 2022 – 2030 (USD Million)
- 8.3.1.1 North America Hemp Oil Market, by Country, 2022 – 2030 (USD Million)
- 8.3.1 North America Hemp Oil Market, 2022 – 2030 (USD Million)
- 8.4 North America Hemp Oil Market, by Product, 2022 – 2030
- 8.4.1 North America Hemp Oil Market, by Product, 2022 – 2030 (USD Million)
- 8.5 North America Hemp Oil Market, by Distribution Channel, 2022 – 2030
- 8.5.1 North America Hemp Oil Market, by Distribution Channel, 2022 – 2030 (USD Million)
- 8.6 North America Hemp Oil Market, by Application, 2022 – 2030
- 8.6.1 North America Hemp Oil Market, by Application, 2022 – 2030 (USD Million)
- 8.7. Europe
- 8.7.1 Europe Hemp Oil Market, 2022 – 2030 (USD Million)
- 8.7.1.1 Europe Hemp Oil Market, by Country, 2022 – 2030 (USD Million)
- 8.7.1 Europe Hemp Oil Market, 2022 – 2030 (USD Million)
- 8.8 Europe Hemp Oil Market, by Product, 2022 – 2030
- 8.8.1 Europe Hemp Oil Market, by Product, 2022 – 2030 (USD Million)
- 8.9 Europe Hemp Oil Market, by Distribution Channel, 2022 – 2030
- 8.9.1 Europe Hemp Oil Market, by Distribution Channel, 2022 – 2030 (USD Million)
- 8.10 Europe Hemp Oil Market, by Application, 2022 – 2030
- 8.10.1 Europe Hemp Oil Market, by Application, 2022 – 2030 (USD Million)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Hemp Oil Market, 2022 – 2030 (USD Million)
- 8.11.1.1 Asia Pacific Hemp Oil Market, by Country, 2022 – 2030 (USD Million)
- 8.11.1 Asia Pacific Hemp Oil Market, 2022 – 2030 (USD Million)
- 8.12 Asia Pacific Hemp Oil Market, by Product, 2022 – 2030
- 8.12.1 Asia Pacific Hemp Oil Market, by Product, 2022 – 2030 (USD Million)
- 8.13 Asia Pacific Hemp Oil Market, by Distribution Channel, 2022 – 2030
- 8.13.1 Asia Pacific Hemp Oil Market, by Distribution Channel, 2022 – 2030 (USD Million)
- 8.14 Asia Pacific Hemp Oil Market, by Application, 2022 – 2030
- 8.14.1 Asia Pacific Hemp Oil Market, by Application, 2022 – 2030 (USD Million)
- 8.15. Latin America
- 8.15.1 Latin America Hemp Oil Market, 2022 – 2030 (USD Million)
- 8.15.1.1 Latin America Hemp Oil Market, by Country, 2022 – 2030 (USD Million)
- 8.15.1 Latin America Hemp Oil Market, 2022 – 2030 (USD Million)
- 8.16 Latin America Hemp Oil Market, by Product, 2022 – 2030
- 8.16.1 Latin America Hemp Oil Market, by Product, 2022 – 2030 (USD Million)
- 8.17 Latin America Hemp Oil Market, by Distribution Channel, 2022 – 2030
- 8.17.1 Latin America Hemp Oil Market, by Distribution Channel, 2022 – 2030 (USD Million)
- 8.18 Latin America Hemp Oil Market, by Application, 2022 – 2030
- 8.18.1 Latin America Hemp Oil Market, by Application, 2022 – 2030 (USD Million)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Hemp Oil Market, 2022 – 2030 (USD Million)
- 8.19.1.1 The Middle-East and Africa Hemp Oil Market, by Country, 2022 – 2030 (USD Million)
- 8.19.1 The Middle-East and Africa Hemp Oil Market, 2022 – 2030 (USD Million)
- 8.20 The Middle-East and Africa Hemp Oil Market, by Product, 2022 – 2030
- 8.20.1 The Middle-East and Africa Hemp Oil Market, by Product, 2022 – 2030 (USD Million)
- 8.21 The Middle-East and Africa Hemp Oil Market, by Distribution Channel, 2022 – 2030
- 8.21.1 The Middle-East and Africa Hemp Oil Market, by Distribution Channel, 2022 – 2030 (USD Million)
- 8.22 The Middle-East and Africa Hemp Oil Market, by Application, 2022 – 2030
- 8.22.1 The Middle-East and Africa Hemp Oil Market, by Application, 2022 – 2030 (USD Million)
- Chapter 9. Company Profiles
- 9.1 Aurora Cannabis Inc.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 ENDOCA.
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 CV Sciences
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Hemp Production Services.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Gaia Herbs
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Isodiol International Inc
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 CannazALL
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 VIVO Cannabis Inc.
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Hemp Oil Canada.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 FOLIUM BIOSCIENCES
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Gaia Herbs
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Medical Marijuana
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 SPRING CREEK LABS
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Dr Hemp Me
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Cavendish Nutrition LLC
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 QC Infusion
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.1 Aurora Cannabis Inc.
List Of Figures
Figures No 1 to 28
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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List of the prominent players in the global Hemp Oil market:
- Aurora Cannabis Inc.
-
ENDOCA
- CV Sciences, Inc.
- Gaia Herbs
- Isodiol International Inc
- CannazALL
- VIVO Cannabis Inc.
- Hemp Oil Canada.
- FOLIUM BIOSCIENCES
- Gaia Herbs
- Medical Marijuana, Inc.
- CV Sciences, Inc.
- PharmaHemp
- KAZMIRA
- Canazil
- SPRING CREEK LABS
- Dr Hemp Me
- Cavendish Nutrition LLC
- QC Infusion
- Hemp Production Services
- Others
FAQs
The key factors driving the market are demand for preventive healthcare and the wide range of uses & Pharmaceutical firms are also developing CBD-derived goods for medical applications.
The key players operating in the Hemp Oil market are Aurora Cannabis Inc., ENDOCA., CV Sciences, Inc., Gaia Herbs, Isodiol International Inc, CannazALL, VIVO Cannabis Inc., Hemp Oil Canada., FOLIUM BIOSCIENCES, Gaia Herbs, Medical Marijuana, Inc., CV Sciences, Inc., PharmaHemp, KAZMIRA, Canazil, SPRING CREEK LABS, Dr Hemp Me, Cavendish Nutrition LLC, QC Infusion , Hemp Production Services.
The global Hemp Oil market is expanding growth with a CAGR of approximately 7% during the forecast period (2022 to 2030).
The global Hemp Oil market size was valued at USD 80 Million in 2021 and it is projected to reach around USD 170 Million by 2030.