In the last few years, CBD has taken over the health and wellness industry. What used to be an unknown herbal supplement is now on the shelves of every health food store, vitamin store, and grocery store in America.
Consumers love CBD products because they have all the benefits of cannabis without the psychoactive properties. With CBD, you can get pain relief, relaxation, and anxiety relief without getting high.
In this guide, we’re going to look at four facts about the CBD market size and growth. With the current CBD market size, is it too late to get into the CBD market? Has the boom ended? Does CBD have staying power, or is it just a fad?
We’re answering all of those questions and more, so keep reading.
1. The CBD Market Will Reach $22 Billion in 2022
Sometimes when a product gains insane popularity, especially in the health and wellness industry, it can fade from the spotlight just as soon as it came in. This is not the case with CBD, so you don’t have to worry about missing the bus.
The CBD market trends show that CBD is expected to grow to $22 billion in 2022 and that growth is not expected to slow down anytime soon.
2. CBD Products Are Constantly Evolving
In the beginning, CBD came as a single product: CBD oil. Today, innovative CBD brands have infused CBD into a myriad of products, including:
- Beverages
- Skincare products
- Vitamins and supplements
- Body lotions and creams
- Bath products
- and more
With all of these creative new products hitting the marketplace and spurring on CBD market growth, there’s never been a better time to join the CBD industry. Every type of consumer can find a CBD product for their needs, which opens the market up to even more potential customers.
If you want to get into the wholesale CBD market, learn more here.
3. CBD Fits Perfectly in the New Health and Wellness Philosophy
In the last few years, there’s been a change in the health and wellness industry that proves that CBD is not just a fad. The main message of wellness has shifted away from the “no pain, no gain” mentality and adopted a philosophy of self-care.
CBD products fit perfectly into this new health and wellness philosophy. They are all about doing something good for yourself to feel better, relax, and release tension. Thanks to this new way of thinking about health, it’s safe to say that the CBD trend is here to stay.
4. The CBD Food and Beverage Market is Exploding
Along with being great for self-care, CBD is an amazing consumable product. In fact, CBD beverage sales alone are expected to be valued at $1.7 billion by 2025.
Consumers are loving CBD sparkling waters, cocktails, and more. CBD edibles are also a great legal alternative to THC edibles.
Final Thoughts on the CBD Market Size
Hopefully, this guide on the CBD market size has inspired you to get into the CBD industry. It’s not too late, and CBD is not just a health trend.
For more market resources, check out our other blogs.