| Product Code: ETC8842881 | 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 continues to see a significant volume of hemp-derived cannabidiol imports in 2024, with Italy, Spain, India, and Guatemala emerging as top exporting countries. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a sharp decline with a CAGR of -37.96% from 2020 to 2024. The growth rate plummeted further in 2024, dropping by -83.35% compared to the previous year. These trends suggest a challenging environment for hemp-derived cannabidiol imports in the Philippines, potentially influenced by regulatory factors or shifting consumer demand.

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 Hemp-Derived Cannabidiol Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Hemp-Derived Cannabidiol Market - Industry Life Cycle |
3.4 Philippines Hemp-Derived Cannabidiol Market - Porter's Five Forces |
3.5 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.9 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Hemp-Derived Cannabidiol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing awareness and acceptance of the potential health benefits of hemp-derived cannabidiol (CBD) products in the Philippines. |
4.2.2 Increasing demand for natural and alternative remedies for various health conditions. |
4.2.3 Favorable government regulations and policies supporting the cultivation and use of hemp-derived CBD products in the Philippines. |
4.3 Market Restraints |
4.3.1 Limited consumer knowledge and understanding of hemp-derived CBD products, leading to hesitancy in adoption. |
4.3.2 Regulatory challenges and uncertainties surrounding the legal status of hemp-derived CBD products in the Philippines. |
4.3.3 Lack of established distribution channels and retail infrastructure for hemp-derived CBD products in the market. |
5 Philippines Hemp-Derived Cannabidiol Market Trends |
6 Philippines Hemp-Derived Cannabidiol Market, By Types |
6.1 Philippines Hemp-Derived Cannabidiol Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Hemp Fiber, 2021- 2031F |
6.1.4 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Hemp Seed, 2021- 2031F |
6.1.5 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Hemp Seed Oil, 2021- 2031F |
6.1.6 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By CBD Hemp Oil, 2021- 2031F |
6.2 Philippines Hemp-Derived Cannabidiol Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Hemp-derived CBD Distillate, 2021- 2031F |
6.2.3 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Hemp-derived CBD Isolate, 2021- 2031F |
6.2.4 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Hemp-derived CBD Terpenes, 2021- 2031F |
6.2.5 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Philippines Hemp-Derived Cannabidiol Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Nutraceuticals, 2021- 2031F |
6.3.3 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Atopic Dermatitis, 2021- 2031F |
6.3.4 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Seizure, 2021- 2031F |
6.3.5 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Anxiety, 2021- 2031F |
6.3.6 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By High Cholesterol, 2021- 2031F |
6.3.7 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Philippines Hemp-Derived Cannabidiol Market, By End-Users |
6.4.1 Overview and Analysis |
6.4.2 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Clinic, 2021- 2031F |
6.4.3 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Hospital, 2021- 2031F |
6.4.4 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Philippines Hemp-Derived Cannabidiol Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Hospital Pharmacy, 2021- 2031F |
6.5.3 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Retail Pharmacy, 2021- 2031F |
6.5.4 Philippines Hemp-Derived Cannabidiol Market Revenues & Volume, By Online Pharmacy, 2021- 2031F |
7 Philippines Hemp-Derived Cannabidiol Market Import-Export Trade Statistics |
7.1 Philippines Hemp-Derived Cannabidiol Market Export to Major Countries |
7.2 Philippines Hemp-Derived Cannabidiol Market Imports from Major Countries |
8 Philippines Hemp-Derived Cannabidiol Market Key Performance Indicators |
8.1 Number of new product launches and innovations in the hemp-derived CBD market in the Philippines. |
8.2 Growth in the number of licensed hemp cultivators and processors in the country. |
8.3 Increase in the number of clinical trials and research studies on the efficacy and safety of hemp-derived CBD products in the Philippines. |
9 Philippines Hemp-Derived Cannabidiol Market - Opportunity Assessment |
9.1 Philippines Hemp-Derived Cannabidiol Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Hemp-Derived Cannabidiol Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Philippines Hemp-Derived Cannabidiol Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Philippines Hemp-Derived Cannabidiol Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.5 Philippines Hemp-Derived Cannabidiol Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Hemp-Derived Cannabidiol Market - Competitive Landscape |
10.1 Philippines Hemp-Derived Cannabidiol Market Revenue Share, By Companies, 2024 |
10.2 Philippines Hemp-Derived Cannabidiol 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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