2025 hemp-derived CBD market report showcases rising interest in CBD

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A recent report called “Hemp-derived Cannabidiol Market by Product, by Application, by End-User, and By Region” was recently published on ResearchAndMarkets.com(1,2). According to that report, in 2023, the global hemp-derived cannabidiol (CBD) market size reached an estimated $8.28 billion and is anticipated to hit $46.25 billion by 2034 (1). With this growth, the category will have a compound annual growth rate (CAGR) of 16.93% during a projected forecast period from 2024-2034(1).

The data disclosed in the report showcased a rising interest for CBD’s use in cosmetics and other personal care products. It recognizes a positive change as consumers are growing more accepting of CBD. With the shift seen in consumers, this could lead to further research and development of new products and changes in regulations to better benefit hemp and CBD products (1). Consumers are also becoming more interested in natural and plant-based wellness products.

According to the report (1), CBD is considered to be a “natural alternative” to traditional pharmaceuticals for various health ailments such as, inflammation, stress, and pain. In 2023, the hemp-derived CBD distillate segment was the highest revenue-grossing segment in the global hemp-derived CBD market. This was mainly due to the expansive amount of other terpenes and cannabinoids that can be found (1). The presence of these other components allows for the use of CBD distillates in other products such as topicals, edibles, and tinctures. With the growing demand for CBD, the hemp-derived CBD isolate segment is also expected to see its fastest CAGR, during the 2024-2034 forecast period.

While CBD and other hemp cannabinoids operate in a regulatory gray area, there has been some efforts in Congress to change the ingredient's status so that it can be regulated more effectively. The report cites the Cannabinoid Safety and Regulation Act (CSRA) introduced in October 2024 by Senator Ron Wyden (OR) as the most recent example of this(1).

In terms of product application, the anxiety segment is the highest revenue-grossing segment, while the atopic dermatitis segment is anticipated to increase during the forecast period to its fastest CAGR (1). This is being witnessed from heightened use in consumers for CBD skincare products to be used for health conditions such as, eczema and dermatitis. As such, another segment seeing high revenue is personal care and cosmetics (1). As a result of increased use of CBD in beauty products, by end user the personal care and cosmetics segment was the highest revenue-grossing segment in the global hemp-derived CBD market (1). CBD potentially holds benefits in anti-aging, anti-inflammatory, and antioxidants. With these properties, CBD can be highly sought after in a variety of beauty products.

The press release showcases some of the highlights from the “Hemp-derived Cannabidiol Market by Product, by Application, by End-User, and By Region” report which targeted global and regional market sizes and forecasts during the time period of 2023 to 2034.(1,2):

Report Scope:

• Forecast Period: 2024-2034
• Market Forecast by Product, Application, and End-User
• Market Forecast for 5 Regions and 17+ Countries
  • North America (U.S. and Canada)
  • Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA (South Africa, GCC, Rest of MEA)
• Company Profiles of the Top 10+ Major Market Players
  • CV Sciences Inc.
  • Elixinol Global Limited
  • Green Roads
  • Aurora Cannabis Inc.
  • Canopy Growth Corporation
  • Medterra CBD
  • Charlotte's Web
  • HempFusion Wellness Inc.
  • CBDistillery
  • Harvest Health & Recreation Inc.
  • Glenna's Good Earth
  • Just CBD
  • Kiva Confections
  • Reliva CBD Wellness

Report Segmentation:

Hemp-derived Cannabidiol Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)

• Hemp-derived CBD Distillate
• Hemp-derived CBD Isolate
• Hemp-derived CBD Terpenes

Hemp-derived Cannabidiol Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)

• Nutraceuticals
• Atopic Dermatitis
• Seizure
• Anxiety
• High Cholesterol
• Others

Hemp-derived Cannabidiol Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)

• Personal care and cosmetics
• Food and beverages
• Nutraceuticals
• Others

To learn more about this report please click here.

References

1. Research and Markets. Hemp-derived cannabidiol market report 2025: Growing demand for CBD in personal care and cosmetics, regulatory changes and shift toward natural and plant-based wellness products https://www.globenewswire.com/news-release/2025/01/07/3005457/28124/en/Hemp-derived-Cannabidiol-Market-Report-2025-Growing-Demand-for-CBD-in-Personal-Care-and-Cosmetics-Regulatory-Changes-and-Shift-Toward-Natural-and-Plant-based-Wellness-Products.html (accessed Jan 7, 2025).
2. Research and Markets; Erevna Healthcare. Hemp-derived Cannabidiol Market by Product, by Application, by End-User, and By Region https://www.researchandmarkets.com/report/hemp-derived-cannabidiol-market?utm_source=GNE&utm_medium=PressRelease&utm_code=jwbkkl&utm_campaign=2026892%2B-%2BHemp-derived%2BCannabidiol%2BMarket%2BReport%2B2025%3A%2BGrowing%2BDemand%2Bfor%2BCBD%2Bin%2BPersonal%2BCare%2Band%2BCosmetics%2C%2BRegulatory%2BChanges%2Band%2BShift%2BToward%2BNatural%2Band%2BPlant-based%2BWellness%2BProducts&utm_exec=carimspi (accessed Jan 7, 2025).