| Product Code: ETC8841785 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines is experiencing a significant surge in the importation of full spectrum cannabidiol (CBD) oils, with top exporters being China, India, USA, Spain, and UK in 2024. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), has increased from moderate in 2023 to very high in 2024, indicating a more consolidated market landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stands at an impressive 24.41%, although there was a slight decline in growth rate from 2023 to 2024. This data suggests a growing demand for CBD oils in the Philippines, driven by imports from key exporting countries.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Full Spectrum Cannabidiol (CBD) Oils Market - Industry Life Cycle |
3.4 Philippines Full Spectrum Cannabidiol (CBD) Oils Market - Porter's Five Forces |
3.5 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume Share, By Compound, 2021 & 2031F |
3.6 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and acceptance of the benefits of CBD oils in managing various health conditions. |
4.2.2 Growing demand for natural and alternative remedies for health and wellness. |
4.2.3 Favorable government regulations and policies supporting the use and sale of CBD products. |
4.3 Market Restraints |
4.3.1 Lack of clear regulations and guidelines specific to CBD products in the Philippines. |
4.3.2 Limited availability of high-quality full spectrum CBD oils in the market. |
5 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Trends |
6 Philippines Full Spectrum Cannabidiol (CBD) Oils Market, By Types |
6.1 Philippines Full Spectrum Cannabidiol (CBD) Oils Market, By Compound |
6.1.1 Overview and Analysis |
6.1.2 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume, By Compound, 2021- 2031F |
6.1.3 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume, By Terpenes, 2021- 2031F |
6.1.4 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume, By Tetrahydrocannabinol (THC), 2021- 2031F |
6.1.5 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume, By Flavonoids, 2021- 2031F |
6.1.6 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume, By Cannabinoids, 2021- 2031F |
6.2 Philippines Full Spectrum Cannabidiol (CBD) Oils Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume, By Hemp-Derived, 2021- 2031F |
6.2.3 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume, By Marijuana-Derived, 2021- 2031F |
6.3 Philippines Full Spectrum Cannabidiol (CBD) Oils Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume, By Cosmetics Industry, 2021- 2031F |
6.3.3 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume, By Food Industry, 2021- 2031F |
6.3.4 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume, By Pharmaceuticals Industry, 2021- 2031F |
6.3.5 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Import-Export Trade Statistics |
7.1 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Export to Major Countries |
7.2 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Imports from Major Countries |
8 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Key Performance Indicators |
8.1 Consumer awareness and perception surveys regarding CBD oils. |
8.2 Number of new entrants in the CBD oils market. |
8.3 Research and development investments in CBD products. |
8.4 Number of partnerships and collaborations within the CBD industry. |
8.5 Percentage of pharmacies and wellness stores carrying full spectrum CBD oils. |
9 Philippines Full Spectrum Cannabidiol (CBD) Oils Market - Opportunity Assessment |
9.1 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Opportunity Assessment, By Compound, 2021 & 2031F |
9.2 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Full Spectrum Cannabidiol (CBD) Oils Market - Competitive Landscape |
10.1 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Revenue Share, By Companies, 2024 |
10.2 Philippines Full Spectrum Cannabidiol (CBD) Oils Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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