Cannabidiol Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Cannabidiol Market in 2025 is estimated at USD 10.43 billion. The global Market size was valued at over USD 9.27 billion in 2024 and is expected to expand at a CAGR of around 15.7%, surpassing USD 61.72 billion revenue by 2037. North America is poised to hit USD 21.6 billion by 2037, driven by health-awareness, the acceptance of cannabis-based products, and research on cannabinoids.
The growth of the market can be attributed to the medicinal properties of CBD oil, backed by the tremendous ongoing research on benefits of cannabis sativa. CBD oil has various medical uses in curing depression and anxiety, inflammation, and relieving symptoms of cancer. According to a report by the World Health Organization, CBD is proven as an effective treatment for epilepsy, in several clinical trials. Owing to increasing adoption of cannabinoids, especially CBD, in therapeutic and medical science, the market is estimated to grow substantially over the forecast period. Moreover, CBD lacks any kind of psychoactive effects, something very common in other cannabis products, which is estimated to boost the market growth despite the stringent regulations on consumption of cannabis sativa in any other form. Additionally, Increasing R&D activities regarding the advantages and side effects of cannabis, is projected to boost the market growth.
