How big is the Cannabidiol Market | Trends 2031

Q: How big is the cannabidiol market?

The cannabidiol (CBD) market was exhibited at USD 8.0 billion in 2024 and is projected to reach USD 18.5 billion by 2031.

Q: What drives growth in the CBD market?

Legalization, consumer interest in natural wellness products, and increasing clinical research on CBD benefits.

Q: What are the main trends in the CBD industry?

Rise of CBD skincare, beverages, full-spectrum oils, and online direct-to-consumer channels.

Q: Who are the top players in the CBD market?

Key players include Charlotte’s Web, Canopy Growth, Medterra, and cbdMD.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5566

Publication Date: Jul 2025

What is the size of the Cannabidiol Market?

According to 6Wresearch internal database and industry insights, the Global Cannabidiol (CBD) Market was exhibited at USD 8.0 billion in 2024 and is projected to reach USD 18.5 billion by 2031, growing at a CAGR of 11.1% during the forecast period 2025â€“2031.

Due to growing awareness of CBDâ€™s therapeutic benefits, legalization trends across various regions, and rising demand for wellness and personal care products infused with CBD, the market is predicted for the strong growth in the coming years.

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Key Growth Factors of the Cannabidiol MarketCBD market is set to rise with rising awareness, product innovations, legalization, and increased consumer demand for natural health and wellness alternatives.

Increasing use of CBD in health and wellness applications
Rising demand for natural remedies in pain management, anxiety, and sleep disorders
Expanding legalization and regulatory clarity in North America and Europe
Strong investment in CBD-infused food, beverage, and skincare categories
Consumer shift toward non-psychoactive cannabis-derived products

Cannabidiol Market Trends

The CBD market is witnessing for the robust growth over the years with surge in demand across wellness, nutraceutical, and cosmetics sectors. Gradually, the consumers are gravitating toward full-spectrum and broad-spectrum CBD products with enhanced bioavailability. At the other side, the

e-commerce platforms are playing a crucial role in expanding reach and educating consumers, especially in countries with limited retail infrastructure.

Emerging Developments in the Cannabidiol Market

Cannabidiol market is moving forward with innovations which include water-soluble CBD formulations, nano-CBD for quicker absorption, and customized blends for specific health goals.

Also the global brands are forming strategic alliances with local growers and distributors to ensure supply chain transparency and regulatory compliance. The demand for pet CBD products is increasing and pharma-grade formulations is creating new market segments.