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Hemp Oil Market By Type (Hemp Seed Oil, Hemp CBD Oil, Hemp Essential Oil), By Application (Pharma & Nutraceuticals, Personal Care Products, Industrial Uses, Food & Beverages) – Growth, Future Prospects & Competitive Analysis, 2018 – 2026

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Industry Outlook

Hemp oil refers to the oil obtained by pressing the seeds of hemp. The extracted oil is mainly used in skincare products, although industrial hemp oil is also used in the production of paints, lubricants, fuel, and plastics. The presence of nutrients, essential fatty acids, and antioxidants is perfect for the skin, making it ideal for healing and massage treatments. Growing demand for hemp oil from food and beverage applications, as well as increasing applications in the personal care products sector, primarily in North America and Europe, is expected to drive market growth during the forecast period. Furthermore, the market for hemp oil is likely to expand at a significant rate in the next five years, owing to increased geographic presence and competition among players in the market. There has been a change witnessed in the use of hemp oil across the globe due to increasing awareness of its benefits and effects of it, which is leading to increased demand for hemp oil in the market.

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Market Synopsis

Growing awareness about the health benefits associated with hemp CBD oil is likely to propel the market in the upcoming years.

In 2017, hemp seed oil was the largest segment in terms of value, with a market share of more than 60% of the overall hemp oil market worldwide. However, in the coming years, hemp CBD oil is expected to emerge as the fastest-growing segment in the overall hemp oil market by product type, owing to the high demand for hemp-derived CBD from developed economies such as North America and Europe. CBD possesses an array of therapeutic benefits, including antioxidant and neuroprotective properties, and can be derived from both marijuana and hemp plants.

The increasing use of hemp oil in pharma and nutraceutical applications is driving the demand for hemp oil in developed as well as developing countries.

The Pharma & Nutraceuticals segment dominated the global hemp oil market in 2017 with a market share of more than 30% and is expected to maintain its dominance over the forecast period. Hemp oil is widely used in pharmaceuticals, nutraceuticals, and personal care products as it contains polyunsaturated fatty acids, protein, insoluble fiber, omega-3, omega-6, and polyunsaturated fatty acids. It is also a good source of tocopherols or vitamin E antioxidants. Hemp oil can be consumed orally, applied topically, or smoked via vaporization.

The relaxation of stricter regulations governing the sale of hemp oil in the United States accelerated the region’s demand for hemp oil.

North America is expected to grow at the highest CAGR from 2018 to 2026, owing to increasing demand from various end-use applications in the region and a relaxation of stricter regulation regarding sales of hemp oil in the United States. In May 2018, the DEA (Drug Enforcement Administration) issued an internal directive that acknowledges that products and materials made from the cannabis plant that fall outside the CSA’s (Controlled Substance Act) definition of marijuana Oil or cake made from the seeds, sterilized seeds incapable of germination, fiber from mature stalks, and mature stalks are exempt from the CSA.

Leading brands are aggressively investing in research and development.

Global manufacturers are focusing on continuous research and development in order to develop new and innovative products. Companies such as Gaia Botanicals, Isodiol, and Medical Marijuana, among others, are focusing on innovating new products and launching products based on hemp oil. Additionally, several companies have also launched hemp oil-based anti-aging products and chewing gums, which are generating opportunities for the global hemp oil market during the forecast period. Aurora Cannabis, Inc., Cannoid, LLC, CV Science, Inc., Elixinol, Isodiol International Inc., HempLife Today, Medical Marijuana, Inc., PharmaHemp d.o.o., Hempco, ENDOCA B.V., Folium Biosciences LLC, Bluebird Botanicals, and Hemp Oil Canada, Inc., among others, are some of the prominent players in the global hemp oil market.

Periods of History and Forecast

Our study analyzed each market segment during the period of 2016 to 2026, with 2017 as the base year. The forecast period between 2018 and 2026 is considered for the CAGR calculation.

Report Scope

This research report describes leading continents and their major countries, along with profiles of key players operating in the overall market and their planned developments. Our report further defines the overall market dynamics, such as drivers, challenges, and opportunities prevalent in the market, to understand the global hemp oil market more explicitly. Our in-depth quantitative and qualitative analysis of each segment up to the country level highlights revenue pockets and investment opportunities in the market.

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Key questions are answered in this report.

  • What are the current market trends in the hemp oil market, and what are the valuable opportunities for the players?
  • How do the regulations affect global as well as regional markets?
  • Which are the prominent and recent innovations in the market?
  • Which is the most lucrative region for investment?
  • What are the market size and trends in emerging markets?
  • Which are the major applications of hemp oil and their sizes in the market?
  • Which are the leading players and their market positions?

Chapter 1 Preface 15
1.1 Report Scope and Description 15
1.1.1 Study Purpose 15
1.1.2 Target Audience 15
1.1.3 USP and Key Offerings 15
1.2 Research Scope 16
1.3 Research Methodology 17
1.3.1 Phase I – Secondary Research 17
1.3.2 Phase II – Primary Research 18
1.3.3 Phase III – Expert Panel Review 18
1.3.4 Approach Adopted 18
1.3.4.1 Top-Down Approach 18
1.3.4.2 Bottom-Up Approach 19
1.3.5 Assumptions 20
1.4 Market Segmentation 20

Chapter 2 Executive Summary 21
2.1 Market Snapshot: Global HO Market 22
2.1.1 Global HO Market, by Type, 2017 (US$ Mn) 22
2.1.2 Global HO Market, by Application, 2017 (US$ Mn) 23
2.1.3 Global HO Market, by Geography, 2017 (US$ Mn) 23
2.2 Global HO Market: Premium Insight 24
2.2.1 Attractive Market Opportunities in the HO Market 24
2.2.2 Global HO Market: Developed vs. Developing Economy 25
2.2.3 Global HO Market: North America Market Analysis 26

Chapter 3 Market Dynamics 27
3.1 Introduction 27
3.2 Market Dynamics 27
3.2.1 Market Drivers 27
3.2.1.1 Health Benefits Associated With Hemp Oil 27
3.2.1.2 Expansion of the online distribution channel 28
3.2.2 Market Restraints 28
3.2.2.1 Stringent regulation and policies 28
3.2.3 Market Opportunity 29
3.2.3.1 Product innovation is generating opportunity to the market during the forecast period 29
3.3 Attractive Investment Proposition, by Geography, 2017 29

Chapter 4 Global Hemp Oil (HO) Market, by Type 31
4.1 Overview 31
4.1.1 Global HO Market Value Share, by Type, 2017 & 2026 (Value, %) 32
4.1.2 Attractive Investment Proposition, by Type, 2017 32
4.1.3 Global HO Market, by Type, 2016 – 2026 (US$ Mn) 33
4.2 Hemp Seed Oil 34
4.2.1 Global HO Market, by Hemp Seed Oil, 2016 – 2026 (US$ Mn) 34
4.3 Hemp CBD Oil 35
4.3.1 Global HO Market, by Hemp CBD Oil, 2016 – 2026 (US$ Mn) 35
4.4 Hemp Essential Oil 36
4.4.1 Global HO Market, by Hemp Essential Oil, 2016 – 2026 (US$ Mn) 36

Chapter 5 Global Hemp Oil (HO) Market, by Application 37
5.1 Overview 37
5.1.1 Global HO Market Value Share, by Application, 2017 & 2026 (Value, %) 37
5.1.2 Global HO Market, by Application, 2016 – 2026 (US$ Mn) 38
5.1.3 Attractive Investment Proposition, by Application, 2017 38
5.2 Pharma & Nutraceuticals 39
5.2.1 Global HO Market, by Pharma & Nutraceuticals, 2016 – 2026 (US$ Mn) 39
5.3 Personal Care Products 40
5.3.1 Global HO Market, by Personal Care Products, 2016 – 2026 (US$ Mn) 40
5.4 Industrial Uses 41
5.4.1 Global HO Market, by Industrial Uses, 2016 – 2026 (US$ Mn) 41
5.5 Food & Beverages 42
5.5.1 Global HO Market, by Pharma & Nutraceuticals, 2016 – 2026 (US$ Mn) 42

Chapter 6 Global Hemp Oil (HO) Market, by Geography 43
6.1 Overview 43
6.1.1 New Product Launches with Hemp Seed Oil as an Active Ingredient, by Category, from 2008 to 2017 43
6.1.2 Global HO Market Value Share, by Geography, 2017 & 2026 (Value %) 44
6.1.3 Global HO Market, by Geography, 2016 – 2026 (US$ Mn) 44
6.2 North America 45
6.2.1 North America HO Market, by Product Type, 2016 – 2026 (US$ Mn) 45
6.2.2 North America HO Market, by Application 2016 – 2026 (US$ Mn) 46
6.2.3 North America HO Market, by Country (US$ Mn) 46
6.2.3.1 U.S. 47
6.2.3.1.1 U.S. HO Market, by Product Type, 2016 – 2026 (US$ Mn) 47
6.2.3.1.2 U.S. HO Market, by Application 2016 – 2026 (US$ Mn) 47
6.2.3.2 Canada 48
6.2.3.2.1 Canada HO Market, by Product Type, 2016 – 2026 (US$ Mn) 48
6.2.3.2.2 Canada HO Market, by Application 2016 – 2026 (US$ Mn) 48
6.3 Europe 49
6.3.1 Europe HO Market, by Product Type, 2016 – 2026 (US$ Mn) 49
6.3.2 Europe HO Market, by Application 2016 – 2026 (US$ Mn) 50
6.3.3 Europe HO Market, by Country/Region (US$ Mn) 50
6.3.3.1 U.K. 51
6.3.3.1.1 U.K. HO Market, by Product Type, 2016 – 2026 (US$ Mn) 51
6.3.3.1.2 U.K. HO Market, by Application 2016 – 2026 (US$ Mn) 51
6.3.3.2 Germany 52
6.3.3.2.1 Germany HO Market, by Product Type, 2016 – 2026 (US$ Mn) 52
6.3.3.2.2 Germany HO Market, by Application 2016 – 2026 (US$ Mn) 52
6.3.3.3 France 53
6.3.3.3.1 France HO Market, by Product Type, 2016 – 2026 (US$ Mn) 53
6.3.3.3.2 France HO Market, by Application 2016 – 2026 (US$ Mn) 53
6.3.3.4 Italy 54
6.3.3.4.1 Italy HO Market, by Product Type, 2016 – 2026 (US$ Mn) 54
6.3.3.4.2 Italy HO Market, by Application 2016 – 2026 (US$ Mn) 54
6.3.3.5 Rest of Europe 55
6.3.3.5.1 Rest of Europe HO Market, by Product Type, 2016 – 2026 (US$ Mn) 55
6.3.3.5.2 Rest of Europe HO Market, by Application 2016 – 2026 (US$ Mn) 55
6.4 Asia Pacific 56
6.4.1 Asia Pacific HO Market, by Product Type, 2016 – 2026 (US$ Mn) 56
6.4.2 Asia Pacific HO Market, by Application 2016 – 2026 (US$ Mn) 57
6.4.3 Asia Pacific HO Market, by Country/Region (US$ Mn) 57
6.4.3.1 China 58
6.4.3.1.1 China HO Market, by Product Type, 2016 – 2026 (US$ Mn) 58
6.4.3.1.2 China HO Market, by Application 2016 – 2026 (US$ Mn) 58
6.4.3.2 India 59
6.4.3.2.1 India HO Market, by Product Type, 2016 – 2026 (US$ Mn) 59
6.4.3.2.2 India HO Market, by Application 2016 – 2026 (US$ Mn) 59
6.4.3.3 Japan 60
6.4.3.3.1 Japan HO Market, by Product Type, 2016 – 2026 (US$ Mn) 60
6.4.3.3.2 Japan HO Market, by Application 2016 – 2026 (US$ Mn) 60
6.4.3.4 Rest of Asia Pacific 61
6.4.3.4.1 Rest of Asia Pacific HO Market, by Product Type, 2016 – 2026 (US$ Mn) 61
6.4.3.4.2 Rest of Asia Pacific HO Market, by Application 2016 – 2026 (US$ Mn) 61
6.5 Latin America 62
6.5.1 Latin America HO Market, by Product Type, 2016 – 2026 (US$ Mn) 62
6.5.2 Latin America HO Market, by Application 2016 – 2026 (US$ Mn) 63
6.5.3 Latin America HO Market, by Country/Region (US$ Mn) 63
6.5.3.1 Brazil 64
6.5.3.1.1 Brazil HO Market, by Product Type, 2016 – 2026 (US$ Mn) 64
6.5.3.1.2 Brazil HO Market, by Application 2016 – 2026 (US$ Mn) 64
6.5.3.2 Mexico 65
6.5.3.2.1 Mexico HO Market, by Product Type, 2016 – 2026 (US$ Mn) 65
6.5.3.2.2 Mexico HO Market, by Application 2016 – 2026 (US$ Mn) 65
6.5.3.3 Rest of Latin America 66
6.5.3.3.1 Rest of Latin America HO Market, by Product Type, 2016 – 2026 (US$ Mn) 66
6.5.3.3.2 Rest of Latin America HO Market, by Application 2016 – 2026 (US$ Mn) 66
6.6 Middle East & Africa 67
6.6.1 Middle East & Africa HO Market, by Product Type, 2016 – 2026 (US$ Mn) 67
6.6.2 Middle East & Africa HO Market, by Application 2016 – 2026 (US$ Mn) 68
6.6.3 Middle East & Africa HO Market, by Region (US$ Mn) 68
6.6.3.1 GCC 69
6.6.3.1.1 GCC HO Market, by Product Type, 2016 – 2026 (US$ Mn) 69
6.6.3.1.2 GCC HO Market, by Application 2016 – 2026 (US$ Mn) 69
6.6.3.2 Rest of Middle East & Africa 70
6.6.3.2.1 Rest of Middle East & Africa HO Market, by Product Type, 2016 – 2026 (US$ Mn) 70
6.6.3.2.2 Rest of Middle East & Africa HO Market, by Application 2016 – 2026 (US$ Mn) 70

Chapter 7 Company Profiles 72
7.1 Aurora Cannabis, Inc. 72
7.2 Cannoid, LLC 73
7.3 CV Science, Inc 74
7.4 Elixinol 75
7.5 Isodiol International Inc. 76
7.6 HempLife Today 78
7.7 Medical Marijuna, Inc. 80
7.8 PharmaHemp d.o.o. 82
7.9 Hempco 84
7.10 ENDOCA B.V. 86
7.11 Folium Biosciences LLC 87
7.12 Bluebird Botanicals 88
7.13 Hemp Oil Canada, Inc. 89

List of Figures

FIG. 1 Global Hemp Oil (HO) Market: Research Methodology 17
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach 19
FIG. 3 Global HO Market Segmentation 20
FIG. 4 Global HO Market, by Type, 2017 (US$ Mn) 22
FIG. 5 Global HO Market, by Application, 2017 (US$ Mn) 23
FIG. 6 Global HO Market, by Geography, 2017 (US$ Mn) 23
FIG. 7 HO Market Size, 2017 & 2026(US$ Mn) 24
FIG. 8 HO Market In Developed Vs. Developing Economies, 2017 & 2026 (US$ Mn) 25
FIG. 9 North America HO Market Size, 2017 & 2026 (US$ Bn) 26
FIG. 10 Attractive Investment Proposition, by Geography, 2017 30
FIG. 11 Global HO Market Value Share, by Type, 2017 & 2026 (Value, %) 32
FIG. 12 Attractive Investment Proposition, by Type, 2017 33
FIG. 13 Global HO Market, by Hemp Seed Oil, 2016 – 2026 (US$ Mn) 34
FIG. 14 Global HO Market, by Hemp CBD Oil, 2016 – 2026 (US$ Mn) 35
FIG. 15 Global HO Market, by Hemp Essential Oil, 2016 – 2026 (US$ Mn) 36
FIG. 16 Global HO Market Value Share, by Application, 2017 & 2026 (Value, %) 37
FIG. 17 Attractive Investment Proposition, by Application, 2017 38
FIG. 18 Global HO Market, by Pharma & Nutraceuticals, 2016 – 2026 (US$ Mn) 39
FIG. 19 Global HO Market, by Personal Care Products, 2016 – 2026 (US$ Mn) 40
FIG. 20 Global HO Market, by Industrial Uses, 2016 – 2026 (US$ Mn) 41
FIG. 21 Global HO Market, by Pharma & Nutraceuticals, 2016 – 2026 (US$ Mn) 42
FIG. 22 New Product Launches with Hemp Seed Oil as an Active Ingredient, by Category, from 2008 to 2017 43
FIG. 23 Global HO Market Value Share, by Geography, 2017 & 2026 (Value %) 44

List of Tables

TABLE 1 Market Snapshot: Global Hemp Oil (HO) Market Value 22
TABLE 2 Global HO Market, by Type 2016 – 2026 (US$ Mn) 33
TABLE 3 Global HO Market, by Application, 2016 – 2026 (US$ Mn) 38
TABLE 4 Global HO Market, by Geography, 2016 – 2026 (US$ Mn) 44
TABLE 5 North America HO Market, by Product Type, 2016 – 2026 (US$ Mn) 45
TABLE 6 North America HO Market, by Application 2016 – 2026 (US$ Mn) 46
TABLE 7 North America HO Market, by Country 2016 – 2026 (US$ Mn) 46
TABLE 8 U.S. HO Market, by Product Type, 2016 – 2026 (US$ Mn) 47
TABLE 9 U.S. HO Market, by Application 2016 – 2026 (US$ Mn) 47
TABLE 10 Canada HO Market, by Product Type, 2016 – 2026 (US$ Mn) 48
TABLE 11 Canada HO Market, by Application 2016 – 2026 (US$ Mn) 48
TABLE 12 Europe HO Market, by Product Type, 2016 – 2026 (US$ Mn) 49
TABLE 13 Europe HO Market, by Application 2016 – 2026 (US$ Mn) 50
TABLE 14 Europe HO Market, by Country/Region 2016 – 2026 (US$ Mn) 50
TABLE 15 U.K. HO Market, by Product Type, 2016 – 2026 (US$ Mn) 51
TABLE 16 U.K. HO Market, by Application 2016 – 2026 (US$ Mn) 51
TABLE 17 Germany HO Market, by Product Type, 2016 – 2026 (US$ Mn) 52
TABLE 18 Germany HO Market, by Application 2016 – 2026 (US$ Mn) 52
TABLE 19 France HO Market, by Product Type, 2016 – 2026 (US$ Mn) 53
TABLE 20 France HO Market, by Application 2016 – 2026 (US$ Mn) 53
TABLE 21 Italy HO Market, by Product Type, 2016 – 2026 (US$ Mn) 54
TABLE 22 Italy HO Market, by Application 2016 – 2026 (US$ Mn) 54
TABLE 23 Rest of Europe HO Market, by Product Type, 2016 – 2026 (US$ Mn) 55
TABLE 24 Rest of Europe HO Market, by Application 2016 – 2026 (US$ Mn) 55
TABLE 25 Asia Pacific HO Market, by Product Type, 2016 – 2026 (US$ Mn) 56
TABLE 26 Asia Pacific HO Market, by Application 2016 – 2026 (US$ Mn) 57
TABLE 27 Asia Pacific HO Market, by Country/Region 2016 – 2026 (US$ Mn) 57
TABLE 28 China HO Market, by Product Type, 2016 – 2026 (US$ Mn) 58
TABLE 29 China HO Market, by Application 2016 – 2026 (US$ Mn) 58
TABLE 30 India HO Market, by Product Type, 2016 – 2026 (US$ Mn) 59
TABLE 31 India HO Market, by Application 2016 – 2026 (US$ Mn) 59
TABLE 32 Japan HO Market, by Product Type, 2016 – 2026 (US$ Mn) 60
TABLE 33 Japan HO Market, by Application 2016 – 2026 (US$ Mn) 60
TABLE 34 Rest of Asia Pacific HO Market, by Product Type, 2016 – 2026 (US$ Mn) 61
TABLE 35 Rest of Asia Pacific HO Market, by Application 2016 – 2026 (US$ Mn) 61
TABLE 36 Latin America HO Market, by Product Type, 2016 – 2026 (US$ Mn) 62
TABLE 37 Latin America HO Market, by Application 2016 – 2026 (US$ Mn) 63
TABLE 38 Latin America HO Market, by Country/Region 2016 – 2026 (US$ Mn) 63
TABLE 39 Brazil HO Market, by Product Type, 2016 – 2026 (US$ Mn) 64
TABLE 40 Brazil HO Market, by Application 2016 – 2026 (US$ Mn) 64
TABLE 41 Mexico HO Market, by Product Type, 2016 – 2026 (US$ Mn) 65
TABLE 42 Mexico HO Market, by Application 2016 – 2026 (US$ Mn) 65
TABLE 43 Rest of Latin America HO Market, by Product Type, 2016 – 2026 (US$ Mn) 66
TABLE 44 Rest of Latin America HO Market, by Application 2016 – 2026 (US$ Mn) 66
TABLE 45 Middle East & Africa HO Market, by Product Type, 2016 – 2026 (US$ Mn) 67
TABLE 46 Middle East & Africa HO Market, by Application 2016 – 2026 (US$ Mn) 68
TABLE 47 Middle East & Africa HO Market, by Region 2016 – 2026 (US$ Mn) 68
TABLE 48 GCC HO Market, by Product Type, 2016 – 2026 (US$ Mn) 69
TABLE 49 GCC HO Market, by Application 2016 – 2026 (US$ Mn) 69
TABLE 50 Rest of Middle East & Africa HO Market, by Product Type, 2016 – 2026 (US$ Mn) 70
TABLE 51 Rest of Middle East & Africa HO Market, by Application 2016 – 2026 (US$ Mn) 70
TABLE 52 Aurora Cannabis, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Business Description/Key Development) 72
TABLE 53 Cannoid, LLC: Company Snapshot (Company Overview; Product Portfolio; Business Description/Key Development) 73
TABLE 54 CV Science, Inc: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 74
TABLE 55 Elixinol: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 75
TABLE 56 Isodiol International Inc. : Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 76
TABLE 57 HempLife Today : Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 78
TABLE 58 Medical Marijuna Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 80
TABLE 59 PharmaHemp d.o.o.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 82
TABLE 60 Hempco: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 84
TABLE 61 ENDOCA B.V.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 86
TABLE 62 Folium Biosciences LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 87
TABLE 63 Bluebird Botanicals: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 88
TABLE 64 Hemp Oil Canada, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 89

Frequently Asked Questions

What is the size of Hemp Oil Market?

The market for Hemp Oil Market is expected to reach US$ XX Mn in 2026.

What is the Hemp Oil Market CAGR?

The Hemp Oil Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Hemp Oil Market?

The report is forecasted from 2018-2026.

What is the base year considered for Hemp Oil Market?

The base year of this report is 2017.

Who are the major players in this market?

Cannoid, LLC, CV Science, Inc., Elixinol, Isodiol International Inc., HempLife Today, Medical Marijuana, Inc., PharmaHemp d.o.o., Hempco, ENDOCA B.V., Folium Biosciences LLC, Bluebird Botanicals, and Hemp Oil Canada, Inc. are some of the major players in the global market.

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