Published on August 11th, 2020 | by Sumit Bhowal0
Six Predictions About CBD Market in 2021
In the world of medicine, CBD is making a mark as a natural remedy for common ailments. For beginners, the full form of CBD is cannabidiol. It would be easier for you to understand if you are familiar with the term’ marijuana.’ You can interchangeably use cannabis for marijuana. You will find the chemical compound of CBD in the cannabis Sativa plant. It is a tropical plant, which requires warm weather to thrive.
Though people blame marijuana for the intermittent effect, CBD’s medicinal properties are creating a wave in the health sector. Besides the CBD pharmaceutical uses, you will find its increasing demand at café shops, spas, beauty salons, massage parlors, etc. because of its calming properties.
Furthermore, its appeal lies in the fact that it soothes without the adverse effect of intoxication. It does not alter the proper functioning of the brain because it does not contain more than 3% of THC. Tetrahydrocannabinol (THC) or C21H3002, is an active psychological compound. It affects the brain function by hampering a message transfer mechanism from nerve to receptor. However, CBD contains only a marginal percentage of THC, which is safe for everyday use.
Analyzing the medicinal value of CBD and the current health concerns in the world, it is indisputable that the market for CBD is bound to rise in the coming years for its wide application. Thus, it is no rocket science to predict that the CBD market will show an upward trend in 2021. Here are six reasons to support the statement.
Infusion of CBD in Topical Products: Expanding Market
The CBD products are the real deal to provide relief to people suffering from acne, inflammation, psoriasis, and eczema. Moreover, the amalgamation of CBD in lotions, beverages, face masks, pens, gummies, tincture oil, etc. is lab-tested. You will be surprised to know that CBD pet oil can prove to be highly beneficial for your pets too. You can apply CBD edibles and topical products directly to the skin.
They are perfect for external use. Though they penetrate the surface of the skin, they do not enter the bloodstream. People prefer using topical products of CBD as they provide relief to the local area of application and do not interfere with the blood. Various industries use CBD as one of the raw ingredients required for manufacturing several CBD topical products. Therefore, the market for CBD is most likely to expand by 2021.
Benefits of CBD Relief Oil: Another reason for Rising Market Trend
Not only are CBD safe people suffering from pain, but it is also very helpful in relieving them from anxiety and depression. The medicinal benefits of CBD, when applied to tension areas, can contribute towards healthier you. Furthermore, CBD reduces inflammation and helps in calming the nerves. Recently, the Food and Drug Administration (FDA) gave its approval to medicines derived from cannabis. It is beneficial for patients who have insomnia and chronic pain, such as arthritis. With its increasing use in hospitals, the rising market trend of CBD is inevitable.
Huge Search Request
The media is eyeing the commercial potential in CBD; moreover, there is a significant increase in people’s awareness of CBD. Google Trends assess that in the next five years, people’s interest in CBD will leap. Moreover, people are curious to know about different unique CBD gummies and its applications in daily life. It holds considerable potential in most parts of the United States. Thus, CBD’s popularity is shooting upwards, and it is not far before CBD becomes an integral part of every household.
Legalized Usage of Marijuana: CBD Market
Legalizing marijuana in medical as well as recreational purposes has a positive effect on the CBD market. Researchers prove that CBD is thriving in curing ailments related to anxiety disorder, neurodegenerative, diabetes, etc. CBD’s several applications in a pharmaceutical laboratory predict that the market for CBD will swell up by 2021. Furthermore, experts observed a significant annual increase in the stock market from 2017 to 2018 due to the legalization of marijuana by the Canadian Government. One thing you can bank upon is that Canadian companies dealing in cannabis are most likely to be recession-proof.
Investors Putting their Best Foot Forward
The stock market is volatile, and the performance of stocks is a race between bulls and bears. Investors should stock up on shares whose ROI is approximately 10% annually. Analyzing the five-year financial market, experts predict the growth of 55% per annum for the CBD market. Hopefully, even when the market crashes, the Cronos Group’s portfolio shows the possibility of booming. Thus, investors could take the plunge, keeping in mind the risk factors.
Overview: The growth of CBD Retail Market
Retail companies are incorporating CBD in their topical products. The growth of the CBD market is assured with new and small players participating in the CBD front. Thus, the booming retail market is contributing to the total figures in the US market. Experts predict to surpass $20 billion in the next few years. CBD is making its presence felt in the field of:
- Food and beverages
- Pet care
- Café and restaurants
- Beauty products and cosmetics
- And many more.
The leafy green plant, CBD, has hidden treasures within. The National Institute of Health and the reputed Universities of the world have doubled their funds for research purposes on CBD because they are aware of its potential health benefits. With the acquisition of legal status, CBD has found its place in the food, cosmetics, and pharmaceutical industries. Nonetheless, the study reveals that CBD’s distribution is drastically going up with its acceptance in the general market. By 2021, there is a prediction of an approximately $3 billion growth in the CBD market.