Download Sample, CBD Oil Market Growth Fuelled by Health Benefits for Anxiety Pain and Sleep
The demand for cannabidiol (CBD) oil market is expected to rise with the rising number of CBD consumers globally. More people are using CBD due to its health benefits, such as reducing anxiety, managing pain, and improving sleep quality. As more people demand a natural alternative for wellness, CBD has gained popularity since it offers non-psychoactive properties with minimal side effects. As per the data of the National Library of Medicine, the global cannabidiol market is growing at a high pace and is valued at US$ 6.02 billion. Thus, the number of CBD oil markets is expected to grow with the growth of the CBD market.
One of the major drivers for the CBD oil market is the rising number of anxiety and depression patients. CBD oil has appeared promising in the elimination of symptoms of anxiety and depression through the stimulation of a body's endocannabinoid system, which deals with mood, stress, and emotional responses. This also reduces anxiety by helping an individual feel relaxed without causing a high as the neurotransmitter serotonin is known to be increased by CBD. As per the data of the World Health Organization, roughly 280 million people globally suffer from depression similarly as per the study of the National Library of Medicine, patient’s anxiety disorders have increased rapidly and the estimated number of patients suffering from anxiety disorders has nearly reached 46 million in 2024. Furthermore, some studies have found that it might even enhance the quality of sleep and minimize stress, thus contributing to emotional well-being. With more research being conducted, those who use CBD oil report feelings of balance and less sense of overwhelm that was brought about by such signs.
One of the major drivers for the CBD oil market is the rising number of anxiety and depression patients. CBD oil has appeared promising in the elimination of symptoms of anxiety and depression through the stimulation of a body's endocannabinoid system, which deals with mood, stress, and emotional responses. This also reduces anxiety by helping an individual feel relaxed without causing a high as the neurotransmitter serotonin is known to be increased by CBD. As per the data of the World Health Organization, roughly 280 million people globally suffer from depression similarly as per the study of the National Library of Medicine, patient’s anxiety disorders have increased rapidly and the estimated number of patients suffering from anxiety disorders has nearly reached 46 million in 2024. Furthermore, some studies have found that it might even enhance the quality of sleep and minimize stress, thus contributing to emotional well-being. With more research being conducted, those who use CBD oil report feelings of balance and less sense of overwhelm that was brought about by such signs.
Rising Popularity of Vaping and Cosmetics Driving Global Demand for CBD Oil
The rising number of vaping or smoking individuals is also expected to drive the demand for CBD oil market. Vaping has become a common method of taking CBD as it offers rapid absorption and convenience. The demand for CBD vapes is high, especially for those who are looking for an alternative to conventional smoking or oral consumption methods. Also, as per the data of Clear the Air Hong Kong, a total between 34% and 46% of cannabinoids are absorbed by CBD vapes in the human body. As per the data of the National Library of Medicine, a total of 35 million people globally use electronic cigarettes or vape which can become potential customers of the CBD oil market. Thus, the growing popularity of vaping, particularly for CBD, is driving demand for the CBD oil market, with millions of potential users globally.
Also, it is often used in the cosmetic industry as a soothing, anti-inflammatory, and antioxidant agent to hydrate and nourish the skin, reduce acne, and soothe irritated skin. CBD oil can be found incorporated into creams, serums, lotions, and other skincare products to ensure healthy, glowing skin. It also can help the benefits of aging by neutralizing free radicals and minimizing the visibility of fine lines and wrinkles. Also, as per the data of the Indian Brand Equity Foundation (IBEF), the global cosmetic industry market is expected to reach US$ 450 billion by 2025 which is expected to boost the demand for the CBD Oil market.
Also, it is often used in the cosmetic industry as a soothing, anti-inflammatory, and antioxidant agent to hydrate and nourish the skin, reduce acne, and soothe irritated skin. CBD oil can be found incorporated into creams, serums, lotions, and other skincare products to ensure healthy, glowing skin. It also can help the benefits of aging by neutralizing free radicals and minimizing the visibility of fine lines and wrinkles. Also, as per the data of the Indian Brand Equity Foundation (IBEF), the global cosmetic industry market is expected to reach US$ 450 billion by 2025 which is expected to boost the demand for the CBD Oil market.
Recent Trends in the CBD Oil Industry
- Increased consumer interest in wellness and stress relief.
- Growing acceptance of CBD in medical treatments for chronic pain.
- Use of CBD for mental health and anxiety management.
- Innovations in CBD-infused pet care products.
- Integration of CBD with other natural wellness ingredients.
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Psychological Dependency, and THC Effects of CBD Oil Caps the Market
The most common side effect of CBD oil is drowsiness or fatigue, which makes the users sleepier than usual or more sluggish than they normally would, potentially impairing them from performing tasks. Other common gastrointestinal issues include nausea, diarrhea, or changes in appetite. Such effects tend to be rather mild but uncomfortable for some people. CBD also causes dry mouth conditions, leading to some discomfort as one tends to spit less saliva. Lastly, although most people use CBD as an anti-anxiety supplement, there are those who end up being irritable, anxious, or even depressed, so the impact of CBD can sometimes be very different among individuals.
Although CBD oil may be used for many of its therapeutic advantages, it can still adversely affect the human body in some respects, such as causing skin rashes. A recent case involved a 34-year-old woman with no history of comorbidity or a history of using medications who had applied CBD oil, and after 6 hours of application, developed a skin rash. Initially, the rash appeared in the cervical region, on the trunk, and abdomen. With time, it spread to her upper and lower limbs, which raised anxiety about the side effects of CBD oil.
As such, CBD itself is not considered a substance that causes addiction. However, there exists a slim chance that some people might develop a psychological dependency on CBD. This happens if people begin to rely on CBD for relief in cases of anxiety, pain, or insomnia and feel that they cannot do without it. In addition, trace amounts of THC, the mind-altering compound in cannabis, in some full-spectrum CBD oils can lead to very mild effects that may include euphoria or altered thinking. As time passes, regular intake of CBD products containing THC may create a pattern of consumption for some users that would be mistaken for addiction if the users felt compelled to continue it for relief. However, the potential for true addiction is considered low compared with other substances with a stronger psychoactive profile.
Although CBD oil may be used for many of its therapeutic advantages, it can still adversely affect the human body in some respects, such as causing skin rashes. A recent case involved a 34-year-old woman with no history of comorbidity or a history of using medications who had applied CBD oil, and after 6 hours of application, developed a skin rash. Initially, the rash appeared in the cervical region, on the trunk, and abdomen. With time, it spread to her upper and lower limbs, which raised anxiety about the side effects of CBD oil.
As such, CBD itself is not considered a substance that causes addiction. However, there exists a slim chance that some people might develop a psychological dependency on CBD. This happens if people begin to rely on CBD for relief in cases of anxiety, pain, or insomnia and feel that they cannot do without it. In addition, trace amounts of THC, the mind-altering compound in cannabis, in some full-spectrum CBD oils can lead to very mild effects that may include euphoria or altered thinking. As time passes, regular intake of CBD products containing THC may create a pattern of consumption for some users that would be mistaken for addiction if the users felt compelled to continue it for relief. However, the potential for true addiction is considered low compared with other substances with a stronger psychoactive profile.
New Product Launches Drive the Market Demand
In April 2024, Natural Products Company NOW entered the cannabidiol (CBD) marketplace with three new topical products that contained CBD, which it released under the NOW Solutions line. These were the first CBD products the company had launched. The three new products included: CBD Joint & Muscle Cream, which contained spicy, soothing essences of arnica, menthol, and capsaicin, along with 250 mg of CBD per ounce in a non-greasy cream suitable for use anywhere, anytime. CBD Massage Oil, which combines 250 mg of CBD per ounce with essences of arnica and calendula, in a base of antioxidant-rich oils. CBD Balm, an extra-strength blend of camphor, menthol, and soothing botanicals, with 500 mg of CBD per ounce.
Cibdol, a leading CBD and wellness company, launched its exclusive CBD Oil 2.0 range in December 2021. The upgraded formula harnessed the synergy of multiple hemp extracts to work alongside CBD. It was the first of its kind in Europe, and a few drops of CBD Oil 2.0 were all it took to combat the mental and physical challenges of modern living. Every day, more and more people turn to CBD to help manage conditions linked to mood, appetite, sleep, and pain. However, conventional CBD oils can only do so much. Cibdol's CBD Oil 2.0 uses substantial amounts of different extracts found in hemp to exert a greater influence on the mind and body. The result was a profound wellness experience that extended beyond the current industry standard.
Cibdol, a leading CBD and wellness company, launched its exclusive CBD Oil 2.0 range in December 2021. The upgraded formula harnessed the synergy of multiple hemp extracts to work alongside CBD. It was the first of its kind in Europe, and a few drops of CBD Oil 2.0 were all it took to combat the mental and physical challenges of modern living. Every day, more and more people turn to CBD to help manage conditions linked to mood, appetite, sleep, and pain. However, conventional CBD oils can only do so much. Cibdol's CBD Oil 2.0 uses substantial amounts of different extracts found in hemp to exert a greater influence on the mind and body. The result was a profound wellness experience that extended beyond the current industry standard.
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Rising Vaping Trends in the U.S. and Growing Anxiety in Australia Drive CBD Oil Market Growth
North America can be considered a lucrative market due to the rising consumption of vaping among students. In the U.S., vaping has gained popularity because the combustive form of tobacco smoking would seem like an equally damaging alternative; it is presumed safer by many. Additional reasons that come into the equation in this sense include a broad range of flavors, easy access, and targeted marketing campaigns targeting the younger population. As per the data of Clear the Air Hong Kong roughly 20 million people in the US have CBD vapes. Also, as per the data of the U.S. Centers for Disease Control and Prevention a total of 1.63 million students currently use e-cigarettes in US from which 1.21 million are high school students and 410,000 are middle school students. Thus, the rising popularity of vaping in the United States is expected to overall boost the market for CBD oil market.
Also, the Asia Pacific market can be considered as a lucrative market due to rising anxiety disorder in countries, especially in Australia. CBD oil sales in Australia are expected to rise significantly, driven by the increasing awareness of its potential benefits for both mental and physical health. According to the Australian Bureau of Statistics, a substantial portion of the population faces mental disorders and physical conditions, with over 7.5 million people affected. This growing demand for alternative treatments, such as CBD oil, is particularly prominent among those seeking relief from conditions like anxiety, chronic pain, and sleep disorders. Thus, the rising anxiety in Australia is expected to boost the demand for CBD oil market.
Also, the Asia Pacific market can be considered as a lucrative market due to rising anxiety disorder in countries, especially in Australia. CBD oil sales in Australia are expected to rise significantly, driven by the increasing awareness of its potential benefits for both mental and physical health. According to the Australian Bureau of Statistics, a substantial portion of the population faces mental disorders and physical conditions, with over 7.5 million people affected. This growing demand for alternative treatments, such as CBD oil, is particularly prominent among those seeking relief from conditions like anxiety, chronic pain, and sleep disorders. Thus, the rising anxiety in Australia is expected to boost the demand for CBD oil market.
The report provides a detailed overview of the CBD oil market insights in regions including North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa. The country-specific assessment for the CBD oil market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the CBD oil market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the CBD oil market. Some key countries and regions included in the CBD oil market report as follows:
| North America | United States, Canada |
| Latin America | Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Poland, Netherlands, Switzerland, Belgium, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
| Middle East and Africa | South Africa, Egypt, Morocco , Israel, Iran, Iraq, , Rest of MEA |
CBD Oil Market Research Report Covers In-depth Analysis on:
- CBD oil market detailed segments and segment-wise market breakdown
- CBD oil market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in CBD oil industry)
- Current, historical, and forthcoming 10 years market valuation in terms of CBD oil market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- CBD oil market demand analysis
- CBD oil market pricing analysis over the forecast period (by key segment and by region)
- CBD oil market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the CBD oil market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in CBD oil market
- CBD oil market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on CBD oil market forecast by countries
- Mergers and acquisitions in the CBD oil market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What is driving the growth of the CBD oil market?
The growth of the CBD oil market is largely driven by increasing consumer awareness of its potential health benefits and the rising demand for natural wellness products.
What are the key trends in the CBD oil market?
Key trends include the growing acceptance of CBD products for health and wellness, the introduction of various product types like tinctures and edibles, and advancements in extraction technologies.
What are the challenges in the CBD oil market?
Despite the growth, challenges such as inconsistent regulations, limited scientific research, and consumer skepticism still hinder market expansion and product adoption.
