Global Hemp Oil in Dietary Supplements Market, By Product Type (CBD oil, Hemp Essential Oil, Hemp Seed Oil), Source (Organic, Conventional), Applications (Personal Care Products, Pharma and Nutraceuticals, Food and Beverages, Industrial Uses) – Industry Trends and Forecast to 2029.
Hemp Oil in Dietary Supplements Market Analysis and Size
The rapidly growing penetration of the hemp oil on the e-commerce platform and the rising demand for the hemp oil across the globe due to the high adoption of hemp oil in personal care products and food and beverages sector are the main factors driving the growth of the market over the forecasted period from 2022-2029. Moreover, increase in the disposable incomes, high adoption of hemp oil in pharma and nutraceuticals sector, rising product options for the consumers such as dietary supplements along with the rising applications of the hemp-oil in various other productions such as lubricants, fuels and others are the factors that are generating lucrative growth opportunities for the hemp oil in dietary supplements market over the forecasted period.
Data Bridge Market Research analyses that the hemp oil in dietary supplements market was valued at USD 110.50 million in 2021 and is expected to reach the value of USD 1308.52 million by 2029, at a CAGR of 36.20% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Hemp Oil in Dietary Supplements Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (CBD oil, Hemp Essential Oil, Hemp Seed Oil), Source (Organic, Conventional), Applications (Personal Care Products, Pharma and Nutraceuticals, Food and Beverages, Industrial Uses)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Isodiol International Inc (U.S.), Medical Marijuana (U.S.), FOLIUM BIOSCIENCES (U.S.), Moon Mother Hemp Company (U.S.), CV Sciences, Inc. (U.S.), Hemp Oil Canada. (U.S.), Cavendish Nutrition LLC (U.S.), PharmaHemp (U.S.), Gaia Herbs (U.S.), KAZMIRA (U.S.), SPRING CREEK LABS (U.S.), Dr Hemp Me (Ireland), Queen City Hemp (U.S.), Hemp Production (U.S.), Hudson Hemp (U.S.), Green Roads. (U.S.), Royal CBD (U.S.), CBD King (U.S.)
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Opportunities
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Market Definition
Hemp seed oil is extracted from seeds of the hemp plant. The extraction occurs through the cold pressing. The hemp oil in dietary supplements has various health and nutritional benefits due to its high content of three polyunsaturated fatty acids: linoleic acid, alpha-linolenic acid and gamma-linolenic acid in the ratio of 3:1 in the dietary supplements. It delivers various health benefits such as improved skin, lowering blood pressure, promoting heart health, pain relief, and inflammation reduction.
Global Hemp Oil in Dietary Supplements Market Dynamics
Drivers
- Rising penetration of the hemp oil on the e-commerce platform
The primary factor driving hemp oil in dietary supplements market is the rising penetration of hemp-oil on e-commerce platforms worldwide. The increased online sales and the increased popularity of hemp seed oil across various online businesses are the main factors fuelling the market's growth over the forecasted period.
- The high adoption of hemp oil in food and beverages applications
The high adoption of hemp oil in personal care products and food and beverage applications are the factors fuelling the growth of the hemp oil in dietary supplements market. The hemp oil in dietary supplements has various health and nutritional benefits due to its high content of three polyunsaturated fatty acids: linoleic acid, alpha-linolenic acid and gamma-linolenic. It delivers various health benefits such as improved skin, lowering blood pressure, promoting heart health, pain relief, and inflammation reduction. All these beneficial factors are driving the growth of the hemp oil in dietary supplements market over the forecasted period.
Opportunities
- Rising applications and advantages
Rising product options for the consumers such as dietary supplements along with the rising applications of the hemp oil in various other productions such as lubricants, fuels and others are the factors that are generating lucrative growth opportunities for hemp oil in dietary supplements market over the forecasted period. The hemp oil in dietary supplements has various health and nutritional benefits due to its high content of three polyunsaturated fatty acids: linoleic acid, alpha-linolenic acid and gamma-linolenic acid in the ratio of 3:1 in the dietary supplements. It delivers various health benefits such as improved skin, lowering blood pressure, promoting heart health, pain relief, inflammation reduction, allergic reactions, and others. All these beneficial factors are creating significant growth opportunities for the hemp oil in dietary supplements market over the forecasted period.
Restraints
- Easy availability of substitutes
The presence of substitutes of hemp oil in the market and their easy availability will act as major restraints on the growth of the hemp oil in dietary supplements market during the forecast period.
This hemp oil in dietary supplements market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hemp oil in dietary supplements market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Hemp Oil in Dietary Supplements Market Scope
The hemp oil in dietary supplements market is segmented on the basis of product type, source and applications. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- CBD oil
- Hemp Essential Oil
- Hemp Seed Oil
Source
- Organic
- Conventional
Applications
- Personal Care Products
- Pharma and Nutraceuticals
- Food and Beverages
- Industrial Uses
Hemp Oil in Dietary Supplements Market Regional Analysis/Insights
The hemp oil in dietary supplements market is analysed and market size insights and trends are provided by product type, source and applications as referenced above.
The countries covered in the hemp oil in dietary supplements market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the hemp oil in dietary supplements market because of rising adoption of hemp oil based personal care products and food and beverages within the region.
Asia-Pacific is expected to grow within the forecasted period of 2022-2029 due to increasing demands of various massage and healing treatments and high adoptions of the hemp oil based anti-aging products within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hemp Oil in Dietary Supplements Market Share Analysis
The hemp oil in dietary supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hemp oil in dietary supplements market.
Some of the major players operating in the hemp oil in dietary supplements market are:
- Isodiol International Inc (U.S.)
- Medical Marijuana (U.S.)
- FOLIUM BIOSCIENCES (U.S.)
- Moon Mother Hemp Company (U.S.)
- CV Sciences, Inc. (U.S.)
- Hemp Oil Canada. (U.S.)
- Cavendish Nutrition LLC (U.S.)
- PharmaHemp (U.S.)
- Gaia Herbs (U.S.)
- KAZMIRA (U.S.)
- SPRING CREEK LABS (U.S.)
- Dr Hemp Me (Ireland)
- Queen City Hemp (U.S.)
- Hemp Production (U.S.)
- Hudson Hemp (U.S.)
- Green Roads. (U.S.)
- Royal CBD (U.S.)
- CBD King (U.S.)
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