| Product Code: ETC6658243 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Canada hemp oil market, the import trend showed a notable growth rate of 47.39% from 2023 to 2024. However, the compound annual growth rate (CAGR) for the period of 2020-2024 was -4.41%. This decline in the CAGR could be attributed to fluctuations in demand dynamics or shifts in market stability during the period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Hemp Oil Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Hemp Oil Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Hemp Oil Market - Industry Life Cycle |
3.4 Canada Hemp Oil Market - Porter's Five Forces |
3.5 Canada Hemp Oil Market Revenues & Volume Share, By Product Type, 2022 & 2032F |
3.6 Canada Hemp Oil Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Canada Hemp Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of hemp oil |
4.2.2 Growing adoption of hemp oil in various industries such as food, cosmetics, and pharmaceuticals |
4.2.3 Favorable government regulations supporting the cultivation and sale of hemp products in Canada |
4.3 Market Restraints |
4.3.1 Limited research and scientific evidence supporting the claimed benefits of hemp oil |
4.3.2 Concerns over the association of hemp oil with cannabis and the stigma surrounding its use |
4.3.3 Competition from other plant-based oils and alternative health products |
5 Canada Hemp Oil Market Trends |
6 Canada Hemp Oil Market, By Types |
6.1 Canada Hemp Oil Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Hemp Oil Market Revenues & Volume, By Product Type, 2022-2032F |
6.1.3 Canada Hemp Oil Market Revenues & Volume, By CBD Oil, 2022-2032F |
6.1.4 Canada Hemp Oil Market Revenues & Volume, By Hemp Essential Oil, 2022-2032F |
6.1.5 Canada Hemp Oil Market Revenues & Volume, By Hemp Seed Oil, 2022-2032F |
6.2 Canada Hemp Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Canada Hemp Oil Market Revenues & Volume, By Personal Care Products, 2022-2032F |
6.2.3 Canada Hemp Oil Market Revenues & Volume, By Pharmaceuticals, 2022-2032F |
6.2.4 Canada Hemp Oil Market Revenues & Volume, By Nutraceuticals, 2022-2032F |
6.2.5 Canada Hemp Oil Market Revenues & Volume, By Food and Beverages, 2022-2032F |
6.2.6 Canada Hemp Oil Market Revenues & Volume, By Industrial Uses, 2022-2032F |
6.2.7 Canada Hemp Oil Market Revenues & Volume, By Others, 2022-2032F |
7 Canada Hemp Oil Market Import-Export Trade Statistics |
7.1 Canada Hemp Oil Market Export to Major Countries |
7.2 Canada Hemp Oil Market Imports from Major Countries |
8 Canada Hemp Oil Market Key Performance Indicators |
8.1 Number of new product launches containing hemp oil |
8.2 Growth in the number of hemp oil dispensaries or retail outlets in Canada |
8.3 Increase in the number of licensed hemp producers in the country |
9 Canada Hemp Oil Market - Opportunity Assessment |
9.1 Canada Hemp Oil Market Opportunity Assessment, By Product Type, 2022 & 2032F |
9.2 Canada Hemp Oil Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Canada Hemp Oil Market - Competitive Landscape |
10.1 Canada Hemp Oil Market Revenue Share, By Companies, 2025 |
10.2 Canada Hemp Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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