Europe Cbd Oil & Cbd Consumer Health Market Size & Outlook
The cbd oil & cbd consumer health market in Europe is expected to reach a projected revenue of US$ 7,210.8 million by 2030. A compound annual growth rate of 43.2% is expected of Europe cbd oil & cbd consumer health market from 2025 to 2030.
In terms of revenue, Europe region accounted for 20.5% of the global cbd oil & cbd consumer health market in 2024.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 5,994.5 million by 2030.
The European market is showing optimistic growth in terms of demand as well as availability of a greater variety of CBD products. According to Statista, in 2018, 35.2% of hemp-derived CBD market was in Europe and it was second-largest share at the global level.
Based on research carried out by Global Wellness Institute, the CBD market is expected to reach around 16.2 billion Euro by 2023. Thus, due to increasingly favorable policies, rising awareness about CBD benefits, and increasing consumption of CBD-infused products, the market is expected to grow during forecast period.
In January 2019, the European Food Safety Authority (EFSA) published guidelines on CBD infused products. The publication stated that all food products containing CBD are to be approved by national food authorities as novel foods.
Europe CBD Oil & CBD Consumer Health Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to CBD Oil & CBD Consumer Health Market Outlook will help companies and investors design strategic landscapes.
Cbd Infused Skincare Products was the largest segment with a revenue share of 57.18% in 2024.
Horizon Databook has segmented the Europe cbd oil & cbd consumer health market based on cbd infused skincare products, cbd infused beauty products, cbd infused haircare products covering the revenue growth of each sub-segment from 2018 to 2030.
The European market is showing optimistic growth in terms of demand as well as availability of a greater variety of CBD products. According to Statista, in 2018, 35.2% of hemp-derived CBD market was in Europe and it was second-largest share at the global level.
Based on research carried out by Global Wellness Institute, the CBD market is expected to reach around 16.2 billion Euro by 2023. Thus, due to increasingly favorable policies, rising awareness about CBD benefits, and increasing consumption of CBD-infused products, the market is expected to grow during forecast period.
In January 2019, the European Food Safety Authority (EFSA) published guidelines on CBD infused products. The publication stated that all food products containing CBD are to be approved by national food authorities as novel foods.
Europe Cbd Oil & Cbd Consumer Health Market Product Outlook (Revenue, USD Million , 2018-2030)
CBD Infused Skincare Products
CBD Infused Beauty Products
CBD Infused Haircare Products
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe CBD Oil & CBD Consumer Health Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe CBD Oil & CBD Consumer Health Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Cbd Oil Cbd Consumer Health Market, 2018-2030 (US$M)