Cannabidiol (CBD) Market Trends

Cannabidiol Market Trends

Cannabidiol-based products are being rigorously adopted in the society in varied forms such as beauty & health products as well as pet products. The main factor which is responsible for the increased adoption is the change in consumer’s beliefs about products derived from cannabis as well as the number of ways cannabidiol products can be applied and consumed.
 

After legalizing cannabidiol in many countries, there has been a fast-growing interest in various product forms such as tinctures, oils, body lotions, capsules, vaping products, transdermal patches, and other personal care products. These products have become popular owing to their multiple uses which includes possible healing properties as well as their ability to soothe pets.
 

In addition, Center for Food Safety (CFS) evaluates companies which sell CBD based products based on their production process, processing methods, testing protocols, and transparency to consumers. Such initiatives by the government spiked the interest of consumers which has led to increased adoption of CBD based products.