Hibiscus Cannabinus Seed Oil Market Report 2024 (Global Edition)

Global Hibiscus Cannabinus Seed Oil Market Report 2024 Market Size Split by Type Outlook: (Organic Hibiscus Cannabinus Seed Oil, Conventional Hibiscus Cannabinus Seed Oil), by Application Outlook: (Fo...

Hibiscus Cannabinus Seed Oil Market Report Description

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Hibiscus Cannabinus Seed Oil Market Insights Video

Competitive Landscape of the Hibiscus Cannabinus Seed Oil Market

In the Hibiscus Cannabinus Seed Oil market's competitive landscape, numerous key competitors are driving innovation and growth. Companies are developing products tailored to specific consumer needs, such as anti-aging serums, hair growth oils, and health supplements. Firms emphasize environmentally friendly practices, including organic farming, carbon-neutral operations, and eco-conscious packaging. As consumer preferences increasingly align with natural, eco-friendly, and health-focused products, the market is expected to grow steadily in the coming years.

Top Companies Market Share in Hibiscus Cannabinus Seed Oil Industry: (In no particular order of Rank)

• Chempro Technovation
• Shree Raghvendra Agro Processors
• Hemp Inc Thar Process
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Regional Analysis of the Hibiscus Cannabinus Seed Oil Market

Which Region Dominates the Hibiscus Cannabinus Seed Oil Market in 2024?

According to Cognitive Market Research, North America currently dominates the Hibiscus Cannabinus Seed Oil market, and the region is expected to have significant growth during the projected period. North America is a major market for organic and natural cosmetics, with hibiscus cannabinus seed oil playing a key role in premium skincare and haircare products due to its moisturizing, anti-aging, and anti-inflammatory properties. In 2022, the personal care products industry continued to be a vital part of the U.S. economy, generating $210.6 billion in sales. This industry not only achieved remarkable commercial success but also made a significant economic contribution, adding $82.3 billion in federal, state, and local taxes. It had a notable impact on the GDP, contributing $308.7 billion, and recorded a $2.6 billion trade surplus, underscoring its economic leadership. To meet the growing demand for sustainable, plant-based products, top beauty brands are incorporating hibiscus cannabinus seed oil into their serums, lotions, shampoos, and other formulations.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia Pacific region has a strong cultural history of using natural and plant-based ingredients in cosmetics, wellness products, and food. A survey by Rakuten Insight revealed that 47.54% of participants in India consume plant-based food due to concerns about animal welfare, while 44.49% do so to maintain a vegan or vegetarian diet. India’s plant-based sector is expected to see significant growth in exports by 2030. The plant-based meat market is projected to reach between $283 million and $880 million (Rs. 2194 crore to Rs. 6824 crore), while the plant-based milk market could range from $59 million to $244 million (Rs. 459 crore to Rs. 1889 crore). Hibiscus cannabinus seed oil, known for its natural skin and health benefits, aligns perfectly with this cultural trend, especially in markets like India, China, and Southeast Asia. As consumers become more aware of the benefits of natural, chemical-free products, the demand for plant-based oils in skincare, haircare, and culinary products is growing. Hibiscus cannabinus seed oil, with its abundance of essential fatty acids and antioxidants, satisfies this increasing demand.

The current report Scope analyzes Hibiscus Cannabinus Seed Oil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Hibiscus Cannabinus Seed Oil

According to Cognitive Market Research, the global Hibiscus Cannabinus Seed Oil market size was estimated at USD 172.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 69.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Hibiscus Cannabinus Seed Oil market with a market size of USD 54.44 million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period. In the US, the demand for the Hibiscus Cannabinus Seed Oil Market is driven by the growing preference for natural, plant-based ingredients in skincare, haircare, and wellness products.
• The Canada Hibiscus Cannabinus Seed Oil market had a market share of USD 8.28 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. Canada’s rise of clean beauty and eco-conscious brands, driving the market.
• The Mexico Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 6.28 million in 2024.

Europe Hibiscus Cannabinus Seed Oil

According to Cognitive Market Research, the global Hibiscus Cannabinus Seed Oil market size was estimated at USD 172.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 51.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• The United Kingdom Hibiscus Cannabinus Seed Oil market had a market share of USD 8.69 million in 2024 and is projected to grow at a CAGR of 7.2% during the forecast period. In the UK, Hibiscus Cannabinus Seed Oil sales witness an upswing due to the growing consumer preference for organic, eco-friendly, and sustainable beauty products, as well as the increasing popularity of natural ingredients in skincare and haircare.
• The France Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 4.76 million in 2024.
• According to Cognitive Market Research, the German Hibiscus Cannabinus Seed Oil market size was valued at USD 10.25 million in 2024 and is projected to grow at a CAGR of 6.6% during the forecast period. In Germany, Hibiscus Cannabinus Seed Oil surged due to the country's increasing adoption of plant-based and vegan beauty products.
• The Italy Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 4.45 million in 2024.
• The Russia Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 8.02 million in 2024.
• The Spain Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 4.24 million in 2024
• The Luxembourg Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 1.60 million in 2024.
• The Portugal Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 1.09 million in 2024.
• The Greece Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 0.62 million in 2024.
• The Rest of Europe's Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 8.02 million in 2024.

Asia Pacific Hibiscus Cannabinus Seed Oil

According to Cognitive Market Research, the global Hibiscus Cannabinus Seed Oil market size was estimated at USD 172.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 39.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.

• According to Cognitive Market Research, the China Hibiscus Cannabinus Seed Oil market size was valued at USD 17.85 million in 2024 and is projected to grow at a CAGR of 9.4% during the forecast period. Hibiscus Cannabinus Seed Oil surged in China due to the country's growing trend of plant-based and health-conscious diets.
• The Japan Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 5.48 million in 2024.
• The India Hibiscus Cannabinus Seed Oil market had a market share of USD 4.76 million in 2024 and is projected to grow at a CAGR of 11.7% during the forecast period. India's increasing consumption of plant-based oils in both food and personal care, as consumers become more health-conscious and opt for natural alternatives, driving the market.
• The South Korean Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 3.97 million in 2024.
• The Australian Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 9.6% during the forecast period, with a market size of USD 2.06 million in 2024.
• The South East Asia Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 2.74 million in 2024.
• The Rest of Asia Pacific Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 2.82 million in 2024.

South America Hibiscus Cannabinus Seed Oil

According to Cognitive Market Research, the global Hibiscus Cannabinus Seed Oil market size was estimated at USD 172.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 8.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Hibiscus Cannabinus Seed Oil market size was valued at USD 3.69 million in 2024 and is projected to grow at a CAGR of 7.9% during the forecast period. Hibiscus Cannabinus Seed Oils flourished in Brazil due to the growing consumer awareness of the oil’s health benefits, including its high antioxidant content for skin and hair health.
• Argentina's Hibiscus Cannabinus Seed Oil market had a market share of USD 1.45 million in 2024 and is projected to grow at a CAGR of 8.2% during the forecast period. Argentina's expanding market for functional foods and beverages, where the oil is valued for its nutritional profile, driving the market.
• Colombia's Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 0.77 million in 2024.
• Peru Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 0.71 million in 2024.
• Chile Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 0.62 million in 2024.
• The Rest of Latin America's Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 1.39 million in 2024.

Middle East and Africa Hibiscus Cannabinus Seed Oil

According to Cognitive Market Research, the global Hibiscus Cannabinus Seed Oil market size was estimated at USD 172.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 3.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.

• The GCC Countries Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 1.48 million in 2024. Hibiscus Cannabinus Seed Oil sales flourish due to increasing consumer inclination towards health-conscious and sustainable lifestyles.
• The Egypt Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 0.36 million in 2024.
• The South Africa Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 0.55 million in 2024. Hibiscus Cannabinus Seed Oil sales flourished in South Africa due to the country's growing trend towards natural, chemical-free personal care products, coupled with a shift toward plant-based oils for both cosmetic and dietary uses.
• The Turkey Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 0.30 million in 2024.
• The Nigeria Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 0.36 million in 2024.
• The Rest of the MEA Hibiscus Cannabinus Seed Oil market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 0.41 million in 2024.

Hibiscus Cannabinus Seed Oil Market Analysis

How are Segments Performing in the Global Hibiscus Cannabinus Seed Oil Market?

Hibiscus Cannabinus Seed Oil Market Type Segment Analysis

According to Cognitive Market Research, Organic Hibiscus Cannabinus Seed Oil is likely to dominate the Hibiscus Cannabinus Seed Oil Market over the forecast period. Consumers are increasingly shifting toward natural and organic products across various industries, especially in personal care, cosmetics, and food. This shift is driven by growing concerns about the harmful effects of synthetic chemicals, pesticides, and additives. Organic Hibiscus Cannabinus Seed Oil, being free from synthetic fertilizers and pesticides, is highly preferred by consumers seeking clean, sustainable, and eco-friendly alternatives. The demand for organic products is particularly strong in North America, Europe, and parts of Asia Pacific, where consumers prioritize health-conscious and environmentally responsible choices.

The Conventional Hibiscus Cannabinus Seed Oil is the fastest-growing segment in the Hibiscus Cannabinus Seed Oil Market. One of the primary reasons for the growth of conventional Hibiscus Cannabinus Seed Oil is its lower cost compared to organic oil. Conventional farming methods typically involve fewer restrictions regarding the use of chemical fertilizers, pesticides, and other synthetic treatments. As a result, conventional Hibiscus Cannabinus Seed Oil is produced at a lower cost, making it more affordable for both manufacturers and end consumers. This price advantage makes it an attractive option for budget-conscious consumers and businesses in regions with price sensitivity, especially in emerging markets.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hibiscus Cannabinus Seed Oil Industry. Request a Free Sample PDF!

Hibiscus Cannabinus Seed Oil Market Application Segment Analysis

According to Cognitive Market Research, the Cosmetics & Personal Care segment holds the largest share of the market. Consumers are becoming increasingly aware of the harmful effects of synthetic chemicals in cosmetics and personal care products. This has led to a surge in demand for natural, plant-based, and organic ingredients. Hibiscus Cannabinus Seed Oil, known for its moisturizing, anti-inflammatory, and anti-aging properties, fits perfectly into this trend. It provides a natural alternative to synthetic oils, making it an attractive option for skincare and haircare formulations in the cosmetics industry. There is a growing global emphasis on health and wellness, which includes personal care products that promote healthy skin, hair, and overall well-being. Hibiscus Cannabinus Seed Oil is rich in essential fatty acids, antioxidants, and vitamins, which contribute to skin hydration, reduce inflammation, and promote cell regeneration.

In the Hibiscus Cannabinus Seed Oil Market, the Food Industry has been expanding at a rapid pace. As more consumers adopt plant-based, vegan, and vegetarian diets, the demand for plant-derived oils, including Hibiscus Cannabinus Seed Oil, has surged. Hibiscus oil offers a vegan-friendly alternative to animal-derived fats, aligning with the dietary preferences of a growing segment of the population that prioritizes ethical and health-driven food choices. With plant-based eating becoming mainstream, Hibiscus Cannabinus Seed Oil is gaining traction as a valuable ingredient in plant-based food formulations. There is a growing trend toward "clean label" foods, which are products that contain simple, recognizable, and natural ingredients without artificial additives or preservatives.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Hibiscus Cannabinus Seed Oil Distribution Channel Outlook: Segment Analysis

Hibiscus Cannabinus Seed Oil Market Distribution Channel Segment Analysis

According to Cognitive Market Research, The Offline segment holds the largest market share. Offline retail stores—such as supermarkets, health food stores, beauty supply shops, and specialty stores—offer consumers the ability to see, touch, and experience the product before purchasing, which significantly builds trust. Consumers often prefer buying beauty and health products like hibiscus cannabinus seed oil in physical stores because they can assess the product's packaging, texture, and scent, ensuring it meets their expectations. This sensory experience cannot be replicated in online shopping, which contributes to the continued growth of the offline distribution segment.

In the Hibiscus Cannabinus Seed Oil market, the rapidly growing sector is the online category. The convenience of online shopping is a major factor driving its growth. Consumers can shop for Hibiscus Cannabinus Seed Oil from the comfort of their homes at any time, which eliminates the need to visit physical stores. Online stores are open 24/7, allowing consumers to browse, compare products, and make purchases at their convenience. This accessibility is especially important for consumers in regions where physical retail options for natural and organic products are limited, boosting the online sales segment. The growth of e-commerce is a significant driver for the online distribution channel. The global trend of increasing reliance on online shopping for various products, including health, beauty, and wellness items, has been accelerating, particularly post-COVID-19.

• Online
• Offline

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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