The global cannabidiol oil (CBD oil) market is experiencing rapid growth, driven by increased legalization, rising consumer demand, and applications across pharmaceuticals, food, and cosmetics. According to Global Growth Insights, the CBD oil industry stood at USD 0.91 billion in 2024, reached USD 1.16 billion in 2025, and is projected to expand to nearly USD 10.93 billion by 2034, growing at a CAGR of 28.3%.
The CBD oil market is competitive, with several leading global companies shaping its trajectory: