It is expected that U.S. consumer sales of cannabidiol (CBD) will reach around 1.8 billion U.S. dollars by 2022, which would represent a significant increase from around half a billion U.S. dollars in 2018. Following a similar trajectory, sales of legal cannabis in the U.S. are projected to hit 23 billion U.S. dollars in 2025.
What are the benefits of CBD? Cannabidiol is a naturally occurring substance found in cannabis. However, CBD does not cause any of the psychoactive effects that come from another active ingredient found in the plant: tetrahydrocannabinol (THC). The health benefits of the plant extract continue to be examined, and the World Health Organization states that CBD exhibits no effects indicative of any abuse or dependence potential. The CBD retail industry is already flourishing, with a wide range of products marketed as treatments for chronic pain, anxiety, and depression.
CBD in the USA: sales by state With estimated sales of around 730 million U.S. dollars, California had the biggest CBD market in the United States in 2019. Regulations concerning the use of cannabidiols are yet to be clearly defined, and state authorities are having to answer numerous questions about its legality. It is, however, currently illegal under U.S. law to market CBD by adding it to a food or labeling it as a dietary supplement. As of March 2020, the FDA has approved only one CBD product: Epidiolex. The prescription drug is used to treat two rare and severe forms of epilepsy.
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The THC-free CBD oil market has rapidly evolved over the past few years, emerging as a significant segment in the broader hemp-based wellness industry. With growing awareness of the therapeutic benefits associated with cannabidiol (CBD), consumers are increasingly turning to THC-free options, which allow them to exp
Tinctures were the top selling CBD product in the United States in 2021. Tinctures represented a market value of nearly one billion U.S. dollars in that year. The second most popular product category was topicals at a value of over 800 million dollars.
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The Pet Care CBD Oil market has emerged as a significant segment within the broader pet care industry, reflecting the growing acceptance of cannabidiol (CBD) products for animal health and wellness. With pet owners increasingly seeking natural remedies for their furry companions, CBD oil is gaining traction as an ef
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The CBD oil in beauty products market has rapidly emerged as a revolutionary segment within the beauty and wellness industry, driven by growing consumer interest in natural and holistic ingredients. As awareness of the benefits of cannabidiol (CBD) expands, beauty brands are increasingly incorporating this powerful
Vitamins and supplements were the largest segment of the hemp based cannabidiol (CBD) market in the United States in 2023. In that year, sales of the segment reached 29.3 million U.S. dollars. Hand and body lotions were the next largest segment at 9.2 million dollars.
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The Isolate CBD Oil market has seen a significant surge in both consumer interest and product development over the past few years. Isolate CBD Oil, which is known for being the purest form of cannabidiol, contains no THC and is ideal for those seeking the benefits of CBD without the psychoactive effects associated w
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The CBD Oil Tincture market has emerged as a significant segment within the broader CBD industry, driven by increasing consumer awareness about the potential health benefits of cannabidiol (CBD) products. As more individuals seek natural alternatives for wellness, CBD oil tinctures have gained popularity for their c
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The Cannabidiol (CBD) market has emerged as a dynamic segment within the broader wellness and health industry, showcasing remarkable growth over the past decade. Once overshadowed by its more infamous counterpart, THC, CBD has gained recognition for its therapeutic properties, offering potential relief for a variety
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The Tetrahydrocannabinol (THC) and Cannabidiol (CBD) market has emerged as a groundbreaking sector within the global wellness and pharmaceutical industries, driven by a surge in consumer interest and scientific research into the therapeutic benefits of cannabis-derived compounds. THC, the psychoactive component of c
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The CBD Isolate market has emerged as a pivotal segment within the broader cannabis industry, driven by the growing popularity of cannabidiol (CBD) and its various therapeutic benefits. CBD Isolate is a pure crystalline form of CBD that contains no THC, making it an appealing choice for consumers seeking the health
This statistic shows the total U.S. industry sales of CBD (cannabidiol) in 2015 and 2016, and a forecast for 2020, in million U.S. dollars, by type. It is estimated that in 2020 industry sales of marijuana-derived CBD will total around 417 million U.S. dollars.
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The CBD edibles market has emerged as a dynamic segment within the broader cannabis industry, capturing the attention of consumers and investors alike. These products, infused with cannabidiol (CBD), are available in various forms including gummies, chocolates, beverages, and baked goods, making them a popular choic
By 2024, California is expected to be the largest CBD market in the United States with sales reaching over 3.3 billion U.S. dollars. Florida and New York would round out the top three with sales of 1.8 billion and 1.5 billion respectively.
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Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period
ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2017-2030 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2025-2030 |
HISTORICAL PERIOD | 2017-2024 |
UNIT | VALUE (USD MILLION) |
KEY COMPANIES PROFILED | CBD Living, Quantum Pcr, Cannabidiol Life, CBD Fusion Water, Cannabinoid Creations, CBD Naturals, Cannanano, CW Hemp, Plus CBD Oil, Mary’s Medicinals, Bluebird Botanicals, TertraLabs, HempMeds, Medical Marijuana, Gaia Botanicals, ENDOCA |
SEGMENTS COVERED | By Product Type - Hemp-Derived, Marijuana-Derived By Application - Online Sales, Offline Sales By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa |
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The Cannabidiol (CBD) Logistics Service market is rapidly evolving, shaped by the increasing popularity of CBD products in various industries, including health and wellness, cosmetics, and food and beverages. As more consumers seek the therapeutic benefits of CBD, the demand for efficient logistics solutions that en
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The CBD Oil for Relaxation market has emerged as a prominent sector within the wellness industry, driven by an increasing consumer inclination towards natural remedies for stress relief and relaxation. CBD, or cannabidiol, is a non-psychoactive compound derived from hemp that has gained popularity for its therapeuti
This statistic depicts the dollar sales of cannabidiol products derived from marijuana in the United States from 2017 to 2022, broken down by product content. In 2018, high THC cannabidiol products generated about 77 million dollars in sales.
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The CBD Patch market has emerged as a dynamic segment within the broader cannabis industry, revolutionizing the way consumers experience the therapeutic benefits of cannabidiol. CBD patches are transdermal delivery systems infused with CBD that provide a discreet, efficient, and sustained method of administration. T
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The CBD-infused wine market has emerged as a compelling intersection of the growing interest in cannabidiol (CBD) and the traditional allure of wine, catering to consumers seeking new, health-oriented experiences. CBD, known for its potential therapeutic benefits without the psychoactive effects of THC, is being inf
It is expected that U.S. consumer sales of cannabidiol (CBD) will reach around 1.8 billion U.S. dollars by 2022, which would represent a significant increase from around half a billion U.S. dollars in 2018. Following a similar trajectory, sales of legal cannabis in the U.S. are projected to hit 23 billion U.S. dollars in 2025.
What are the benefits of CBD? Cannabidiol is a naturally occurring substance found in cannabis. However, CBD does not cause any of the psychoactive effects that come from another active ingredient found in the plant: tetrahydrocannabinol (THC). The health benefits of the plant extract continue to be examined, and the World Health Organization states that CBD exhibits no effects indicative of any abuse or dependence potential. The CBD retail industry is already flourishing, with a wide range of products marketed as treatments for chronic pain, anxiety, and depression.
CBD in the USA: sales by state With estimated sales of around 730 million U.S. dollars, California had the biggest CBD market in the United States in 2019. Regulations concerning the use of cannabidiols are yet to be clearly defined, and state authorities are having to answer numerous questions about its legality. It is, however, currently illegal under U.S. law to market CBD by adding it to a food or labeling it as a dietary supplement. As of March 2020, the FDA has approved only one CBD product: Epidiolex. The prescription drug is used to treat two rare and severe forms of epilepsy.