Summary
- • The global CBD market size is expected to reach $13.4 billion by 2028.
- • The U.S. CBD market size is projected to reach $23.7 billion by 2023.
- • The number of CBD users in the United States is estimated to be around 64 million.
- • CBD sales in the United States are expected to surpass $16 billion by 2025.
- • The global CBD market was valued at $2.8 billion in 2020.
- • The European CBD market is estimated to grow to €1.9 billion by 2025.
- • 33% of adults in the UK have tried CBD products.
- • The CBD pet market is forecasted to grow to $1.7 billion by 2025.
- • CBD-infused beverages are expected to reach a market size of $1.15 billion by 2025.
- • CBD skincare products are predicted to grow to $1.7 billion by 2025.
- • The CBD oil market is anticipated to reach $27.73 billion by 2026.
- • The use of CBD among adults in the U.S. increased from 9% in 2019 to 14% in 2021.
- • The global CBD market is projected to grow at a CAGR of 21% from 2020 to 2027.
- • The market for CBD edibles is expected to reach $4.1 billion by 2028.
- • The global CBD skincare market is projected to reach $1.7 billion by 2025.
Hold onto your CBD-infused hats, because the numbers are in and theyre high – just like the projections for the booming CBD industry. With the global CBD market set to skyrocket to $13.4 billion by 2028 and the U.S. market looking to hit $23.7 billion by 2023, its clear that CBD isnt just a passing trend – its a lifestyle. From the estimated 64 million CBD users in the U.S. to the forecasted $1.7 billion CBD pet market, it seems like the world is going green in more ways than one. So, grab your CBD-infused beverage, slather on some CBD skincare, and join the party where the only thing higher than the sales figures is your relaxation levels.
CBD Market Growth in Canada
- The CBD market in Canada is projected to grow at a CAGR of 26.9% from 2019 to 2025.
Interpretation
Well, it appears that the CBD industry in Canada is not just blowing smoke—it's on a serious growth trajectory. With a projected CAGR of 26.9% from 2019 to 2025, it seems like the Canadian CBD market is set to high-five its way to success. So, whether you're a CBD enthusiast or just a curious observer, buckle up and get ready to witness some high-speed growth in this budding industry.
CBD Market Growth in Europe
- The European CBD market is estimated to grow to €1.9 billion by 2025.
- The CBD market in Germany is expected to grow by 30% annually.
- The CBD market in Australia is predicted to grow at a CAGR of 36.3% from 2020 to 2027.
- The CBD market in France is expected to grow by 31.8% annually.
Interpretation
It seems like the CBD industry is riding a skyrocket fueled by more than just good vibes. With the European market expected to bloom into a €1.9 billion garden by 2025 and countries like Germany, Australia, and France sprouting growth rates as high as 36.3% annually, it's clear that CBD is not just a passing trend but a lucrative field for investors and entrepreneurs alike. So, grab your hemp hat and join the green rush - because in this garden, the profits are anything but leafy.
CBD Market Size Projections
- The CBD pet market is forecasted to grow to $1.7 billion by 2025.
- CBD pet products are expected to grow to a market size of $399.2 million by 2027.
Interpretation
As the CBD pet market continues to fetch impressive figures, it seems our furry companions are not just loyal friends but also savvy business influencers. With a forecasted growth to $1.7 billion by 2025, it appears our four-legged friends are not just fetching sticks but fetching profits as well. And with CBD pet products set to reach a market size of $399.2 million by 2027, it's safe to say that our pets are not only pampered but may soon be holding their own leash in the ever-expanding world of consumer trends.
CBD User Trends in the United States
- 33% of adults in the UK have tried CBD products.
- The use of CBD among adults in the U.S. increased from 9% in 2019 to 14% in 2021.
- 38% of CBD users in the UK consume CBD oil products.
- The acceptance of CBD products is increasing, with 82% of U.S. adults recognizing the potential benefits of CBD.
Interpretation
As the popularity of CBD continues to bloom like a well-nurtured hemp plant, it's clear that its acceptance is no longer just a fringe trend but a mainstream reality. With a third of UK adults dipping their toes into CBD goodness, and a notable rise in CBD adoption across the pond in the U.S., it seems that the buzz around the potential benefits of CBD is spreading faster than a rumor at a wellness retreat. From CBD oils being the go-to choice for a sizeable chunk of users in the UK to a whopping 82% of American adults acknowledging the promise of CBD, it's safe to say that the green revolution is well underway - and it's not just limited to eco-friendly efforts or envious avocado toast Instagram posts.
Global CBD Market Size Projections
- The global CBD market size is expected to reach $13.4 billion by 2028.
- The global CBD market was valued at $2.8 billion in 2020.
- CBD-infused beverages are expected to reach a market size of $1.15 billion by 2025.
- CBD skincare products are predicted to grow to $1.7 billion by 2025.
- The CBD oil market is anticipated to reach $27.73 billion by 2026.
- The global CBD market is projected to grow at a CAGR of 21% from 2020 to 2027.
- The market for CBD edibles is expected to reach $4.1 billion by 2028.
- The global CBD skincare market is projected to reach $1.7 billion by 2025.
- The CBD market in Asia Pacific is estimated to grow by 24.6% from 2020 to 2027.
- The global CBD hemp oil market is estimated to expand at a CAGR of 18.4% from 2020 to 2027.
- The CBD skincare market is expected to grow to $3.48 billion by 2026.
- The global market for CBD beverages is forecasted to reach $1.4 billion by 2028.
- The CBD vaping market is projected to reach $28.35 billion by 2028.
- The global CBD market is anticipated to grow at a CAGR of 22.2% from 2020 to 2027.
- CBD-infused personal care products are estimated to reach a market size of $2.4 billion by 2025.
- The CBD market in Japan is projected to reach $29.3 million by 2025.
- The CBD market in Latin America is expected to grow at a CAGR of 37.5% from 2020 to 2027.
- The global CBD pet supplements market is forecasted to reach $1.02 billion by 2028.
- CBD edibles market value is forecasted to reach $4.1 billion by 2025.
- The global CBD oil market is estimated to reach $150 billion by 2028.
- The CBD market in South Korea is projected to exceed $220 million by 2025.
- The market for CBD topicals is projected to exceed $1.7 billion by 2026.
Interpretation
The exponential growth of the CBD industry seems to be more unstoppable than a CBD-infused athlete after morning yoga. With market sizes reaching mind-boggling figures like $150 billion for CBD oil, it's clear that CBD is not just a passing trend but a booming business that's here to stay. From CBD beverages to skincare products, edibles to vaping, the industry is diversifying faster than you can say "cannabidiol." It's high time for investors and entrepreneurs to grab a piece of the CBD pie before it goes up in a puff of smoke – or rather, vapor.
US CBD Market Size Projections
- The U.S. CBD market size is projected to reach $23.7 billion by 2023.
- The number of CBD users in the United States is estimated to be around 64 million.
- CBD sales in the United States are expected to surpass $16 billion by 2025.
- The pet CBD market in the U.S. is expected to grow by 36.3% from 2021 to 2028.
- The market size of the U.S. CBD beauty and skincare industry is estimated to exceed $3.48 billion by 2026.
- The CBD tinctures market is expected to grow to $1.25 billion by 2028.
- Online CBD sales in the U.S. are set to surpass $11 billion by 2022.
Interpretation
It seems the CBD industry is experiencing a growth spurt akin to a teenager on a growth hormone regimen. With projected market sizes reaching astronomical figures, it's clear that CBD is not just a passing trend but a booming business. From pet CBD to beauty and skincare products, it appears that everyone and their furry friends are jumping on the CBD bandwagon. So, whether you're a seasoned CBD user or just dipping your toe into the trend, it looks like you'll have plenty of options to choose from in the coming years.