The circular economy (CE) field has recently attracted significant interest from academics and practitioners. CE represents a departure from the linear economy, which is characterised by unsustainable resource production and consumption. The growing number of publications necessitates a comprehensive analysis of this field. This is the first systematic examination of the knowledge base and knowledge diffusion pathways in the CE domain. We analyse a Web of Science dataset containing 5431 articles published between 1970 and 2020. To create a comprehensive review of the CE domain, we conducted a keyword co-occurrence network analysis. We examined four distinct types of main paths using the main path analysis (MPA) technique: forward, backward, global, and key-route. According to the analyses, CE research focuses on six primary research themes: CE and sustainability, bioeconomy, CE practices, lifecycle assessment and industrial symbiosis, construction activities, and waste management. In addition, the MPA demonstrates that the CE literature has recently focused on Industry 4.0 technologies and their contribution to CE. This is the first attempt to depict the genealogy of CE research so that scholars can comprehend the domain’s evolutionary structure, identify hot topics, and capture the history, development status, and potential future directions of CE research.