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According to CBD statistics, CBD products will still be a trend in 2023

May 17, 2023

In a fast-paced world filled with constant stressors and demands, adults are searching for natural remedies that can enhance their well-being and restore balance. Cannabidiol (CBD) , has become a beacon of hope, offering a holistic approach to self-care and serving as a testament to the power of nature. Unlike its psychoactive cousin THC, CBD doesn't induce a "high," making it an appealing option for those seeking therapeutic benefits without unwanted side effects.

 

People choose to use CBD products by various of reasons, all their purpose is to improve their life. Obviously, this way works well, and many people keep it.

 

Why do people use CBD products?

According a survey conducted in April 2022, 62 % of U.S. adults using best CBD products for anxiety and stress. And 60% reported with pain relief. (Source: Statista)

 

 Leading reasons why U.S. adults use CBD 2022

 

As per the recent market research report published by Extrapolate, the global Cannabidiol (CBD) Oil Market to generate a revenue of over USD 6.77 billion by 2032 from USD 580 million in 2022 at a CAGR of 31.2% from 2023 to 2032.

 

So, as the main CBD market, how common is CBD use in the United States?


  ●  64% of people in the US are well-versed in CBD-related products or CBD. (Source: Gallup, 2019)

  ●  CBD has been used by 22% of people to supplement or replace prescription and over-the-counter medications. (Source: Consumer Reports, 2019)

  ●  33% of adults in the US have tried CBD once or more. (Source: SingleCare, 2020)

  ●  In the past 24 months, CBD has been tried by 64 million people in the US. (Source: Consumer Reports, 2019)

 

What methods of taking CBD do people love most?

According to a survey conducted in April 2022, 58 percent of respondents consumed gummies or other edibles as their preferred cannabidiol product. A further 53 percent used lotions.

 

 A survey about the methods of U.S. adults taking CBD

 

Bottom

While CBD has gained popularity and recognition for its potential health benefits, there are skeptics who question its overall impact on health. The truth falls somewhere in between. Many individuals have reported experiencing reduced stress and anxiety levels after using CBD, which may be attributed to its interaction with the body's endocannabinoid system and serotonin receptors. Additionally, CBD has shown promise in managing pain and inflammation, making it potentially beneficial for individuals dealing with chronic pain conditions or exercise-induced soreness. These will continue be the driver to force CBD development.

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