CBD Wellness Market Size and Trends
Updated: Nov 20, 2022
Sales of CBD products in the United States stood at 4.6 billion U.S. dollars in 2020. By 2026, this market is expected to grow to 16 billion dollars in value.
Nutraceuticals are projected to be the biggest category of cannabidiol (CBD) sales in the United States by 2025. Nutraceuticals are substances such as tinctures and dietary supplement pills. CBD Beauty market was projected to reach US$ 1.12 billion by 2025
CBD Skincare Market Trends
CBD skincare market was valued at US$ 231 million in North America in 2018 and is projected to increase to $1.22 billion by 2026.
CBD skin care products are an innovation in the cosmetics industry. CBD is an ingredient from the cannabis plant. The three primary species are sativa, indica, and ruderalis. Cannabis contains over 110 cannabinoids with different effects, but only two of them are largely known – THC (tetrahydrocannabinol) and CBD (cannabidiol). THC has psychoactive effects, while CBD is used to combat anxiety, chronic pain, and mood disorders.
Used as a topical agent, CBD can counteract free-radical damage and reduce inflammation. CBD anti-aging creams are said to diminish wrinkles, skin dullness, and ruddy skin tones.
The global CBD skin care market is fragmented and growing strongly The global CBD skin care market shows high growth potential in North America, Europe, and Asia-Pacific. Thus, the market is of increasing interest for beauty retailers’ brick-and-mortar and e-commerce platforms
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