The Pharmaceutical Grade Hemp Oil market is expected to grow from USD 306.84 million in 2022 to USD 2,226.66 million by 2032, at a CAGR of 21.92% during the forecast period 2023-2032.
Pharmaceutical Grade Hemp Oil is derived from the hemp plant. Pharmaceutical Grade Hemp Oil is used to make nutraceuticals and pharmaceutical products. It is mainly used for therapeutic benefits such as anxiety reduction and pain relief. The Pharmaceutical Grade Hemp Oil is produced using extraction, purification and filtration. The oil obtained after the three processes is tested for purity and quality to meet the standards of the pharma industry.
The driving factors of the market growth are the rise in awareness of pharmaceutical-grade hemp oil and the rise in acceptance of hemp-based products. However, stringent regulatory concerns and a lack of clinical data will act as a restraining factor for the market. Increasing research and development and rising adoption from developing countries are expected to propel market growth over the forecast period.
This study delivers a comprehensive analysis of type, application and region. The type segment includes essential oil and cream. The essential oil segment held the largest market share in 2022. It has many therapeutic benefits, such as anxiety reduction, pain relief, and moisturizing. It is also used in aromatherapy and topical applications. The application segment includes skin health, natural pain relief, muscle tension and others. The skin health segment held the largest market share in 2022. Hemp oil is helpful for the skin as it contains antioxidants which help to nourish the skin. Also, hemp oil is used to develop skincare products such as serums and moisturizers.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share due to the high adoption rate of hemp-based products for medicinal use, increasing awareness about the health benefits of hemp. Asia Pacific is expected to proliferate during the upcoming years. It is mainly due to the high adoption rate of hemp-based products.
Some of the notable players in the market are ENDOCA, Protect Pharma Rakitovica, PharmaHemp, Opencrop GmbH, NuLeaf Naturals, MH medical hemp GmbH, Medical Marijuana, Isodiol, IRIE CBD, HemPoland, Harmony, Gaia Botanicals, Folium Biosciences, Elixinol, DragonflyCBD, Deep Nature Project, Celtic Wind, Canopy Growth, Biobloom Hemp, BAFA Gmbh and among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Type
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rise in awareness
5.3. Restraints
5.3.1. Stringent regulatory concerns
5.4. Opportunities
5.4.1. Rise in adoption from developing countries
6. Global Pharmaceutical Grade Hemp Oil Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Essential Oil
6.3. Cream
7. Global Pharmaceutical Grade Hemp Oil Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Skin Health
7.3. Natural Pain Relief
7.4. Muscle Tension
7.5. Others
8. Global Pharmaceutical Grade Hemp Oil Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Pharmaceutical Grade Hemp Oil Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Pharmaceutical Grade Hemp Oil Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. ENDOCA
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Protect Pharma Rakitovica
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. PharmaHemp
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Opencrop GmbH
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. NuLeaf Naturals
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. MH medical hemp GmbH
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Medical Marijuana
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Isodiol
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. IRIE CBD
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. HemPoland
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Harmony
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Gaia Botanicals
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Folium Biosciences
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Elixinol
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. DragonflyCBD
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. Deep Nature Project
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Product Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
10.17. Celtic Wind
10.17.1. Business Overview
10.17.2. Company Snapshot
10.17.3. Company Market Share Analysis
10.17.4. Company Product Portfolio
10.17.5. Recent Developments
10.17.6. SWOT Analysis
10.18. Canopy Growth
10.18.1. Business Overview
10.18.2. Company Snapshot
10.18.3. Company Market Share Analysis
10.18.4. Company Product Portfolio
10.18.5. Recent Developments
10.18.6. SWOT Analysis
10.19. Biobloom Hemp
10.19.1. Business Overview
10.19.2. Company Snapshot
10.19.3. Company Market Share Analysis
10.19.4. Company Product Portfolio
10.19.5. Recent Developments
10.19.6. SWOT Analysis
10.20. BAFA Gmbh
10.20.1. Business Overview
10.20.2. Company Snapshot
10.20.3. Company Market Share Analysis
10.20.4. Company Product Portfolio
10.20.5. Recent Developments
10.20.6. SWOT Analysis
List of Table
1. Global Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
2. Global Essential Oil, Pharmaceutical Grade Hemp Oil Market, By Region, 2019-2032 (USD Million)
3. Global Cream, Pharmaceutical Grade Hemp Oil Market, By Region, 2019-2032 (USD Million)
4. Global Pharmaceutical Grade Hemp Oil Market, By Application, 2019-2032 (USD Million)
5. Global Skin Health, Pharmaceutical Grade Hemp Oil Market, By Region, 2019-2032 (USD Million)
6. Global Natural Pain Relief, Pharmaceutical Grade Hemp Oil Market, By Region, 2019-2032 (USD Million)
7. Global Muscle Tension, Pharmaceutical Grade Hemp Oil Market, By Region, 2019-2032 (USD Million)
8. Global Others, Pharmaceutical Grade Hemp Oil Market, By Region, 2019-2032 (USD Million)
9. North America Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
10. North America Pharmaceutical Grade Hemp Oil Market, By Application, 2019-2032 (USD Million)
11. U.S. Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
12. U.S. Pharmaceutical Grade Hemp Oil Market, By Application, 2019-2032 (USD Million)
13. Canada Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
14. Canada Pharmaceutical Grade Hemp Oil Market, By Application, 2019-2032 (USD Million)
15. Mexico Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
16. Mexico Pharmaceutical Grade Hemp Oil Market, By Application, 2019-2032 (USD Million)
17. Europe Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
18. Europe Pharmaceutical Grade Hemp Oil Market, By Application, 2019-2032 (USD Million)
19. Germany Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
20. Germany Pharmaceutical Grade Hemp Oil Market, By Application, 2019-2032 (USD Million)
21. France Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
22. France Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
23. U.K. Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
24. U.K. Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
25. Italy Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
26. Italy Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
27. Spain Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
28. Spain Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
29. Asia Pacific Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
30. Asia Pacific Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
31. Japan Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
32. Japan Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
33. China Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
34. China Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
35. India Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
36. India Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
37. South America Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
38. South America Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
39. Brazil Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
40. Brazil Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
41. Middle East and Africa Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
42. Middle East and Africa Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
43. UAE Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
44. UAE Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
45. South Africa Pharmaceutical Grade Hemp Oil Market, By Type, 2019-2032 (USD Million)
46. South Africa Pharmaceutical Grade Hemp Oil Market, By Application 2019-2032 (USD Million)
List of Figures
1. Global Pharmaceutical Grade Hemp Oil Market Segmentation
2. Global Pharmaceutical Grade Hemp Oil Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Pharmaceutical Grade Hemp Oil Market Attractiveness Analysis by Type
9. Global Pharmaceutical Grade Hemp Oil Market Attractiveness Analysis by Application
10. Global Pharmaceutical Grade Hemp Oil Market Attractiveness Analysis by Region
11. Global Pharmaceutical Grade Hemp Oil Market: Dynamics
12. Global Pharmaceutical Grade Hemp Oil Market Share by Type (2023 & 2032)
13. Global Pharmaceutical Grade Hemp Oil Market Share by Application (2023 & 2032)
14. Global Pharmaceutical Grade Hemp Oil Market Share by Regions (2023 & 2032)
15. Global Pharmaceutical Grade Hemp Oil Market Share by Company (2022)
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