Blog

CBD-infused Products Market Tracking Towards $216.8 billion by 2028

Wednesday, September 15th, 2021
CBD-infused Products

General cannabis use for recreational and medicinal purposes is becoming increasingly accepted across the U.S., boosted by legislation, ballot measures, and public opinion polls. According to a new market research report by Meticulous Research, the CBD-infused products market is expected to grow at 45.6% from 2021 to 2028, to reach $216.8 billion in value by 2028.

Application of cannabis in cancer treatment & pet food growing

MiisterCBD is but one of the resources tracking the many new product types flooding the market, encompassing confectionery, bakery, beverages, coffee and tea, oil and extracts, personal care products, and supplements, while the growth of the CBD-infused market is also being bolstered by rising consumer demand, increasing legalization, and the growing application of cannabis in cancer treatment.

The pet food sector is also taking an interest in cannabis applications, while cannabis-infused drinks are providing significant opportunities in this market. As legalization continues to roll out around the globe, demand is expected to increase gradually, accelerating overall CBD-infused products growth.

Upsides of COVID-19 on CBD-infused product market

State and local governments have begun to accept the value and benefits of medicinal cannabis, and this is expected to boost sales of CBD-infused products, many of them seen to ease COVID-19 respiratory effects.

CBD-infused products, what’s more, have become an attractive entertainment and stress and anxiety relief option for those subject to stay-at-home orders. Recreational cannabis is finding legalization in more and more countries, driving up demand alongside the phenomenon of increasing disposable income, and improving standards of living.

Marijuana consumption has been put at an annual prevalence rate of approximately 147 million individuals—or nearly 2.5% of the global population—by the World Health Organization (WHO). A Quinnipiac University poll puts 54% of American voters surveyed in favor of the legalization of cannabis without additional constraints, while 81% of respondents said they favored the legalization of cannabis for medicinal purposes.

Regulation of CBD products is also expected to make CBD products safer for consumers by ensuring reliable potency levels and reducing the presence of toxic substances.

Care products—segmented into skincare products, hair care products, deodorants, perfumes, and other personal care products—is driving growth, with the skincare products segment accounting for the largest share of the overall CBD-infused personal care products market in 2021. This is mainly attributed to the antioxidant propensity of the products on offer and the extent to which they help reduce the pain of inflamed skin and help prevent signs of aging.

Latest posts

cannabis strains

TOP 5 cannabis strains with a high flavour to smoke

Thursday, September 30th, 2021
There are many types of strains on the market today that offers consumers the chance to experience new and different flavours, sensations and effects. It all depends on each person's taste and the experience they are looking for when consuming cannabis.
View all posts

Latest Videos

CBD Oil

Tips to Getting the Right CBD Oil Dosage

Monday, January 22nd, 2018
One of the biggest concerns with medical marijuana is getting the correct dosage of healing cannabinoids. In most oils or dried flowers, it is almost impossible to determine the amount of active ingredients in each dose. Fortunately, there is a better, more precise alternative
View all videos

POT ETIQUETTE TESTIMONIALS

WHAT OUR VISITORS HAVE TO SAY

This site has taught me what marijuana can do. It has got me so fucking high. Thanks for the rolling tips, they really work!
~ KAREEM TATEM
I came across this site by mistake, lol, looking for a good brownie recipe. I LOVE THIS SITE!!! You are now my personal HERO!!!!
~ MRS. LEONARD
I absolutely adore this pot etiquette site. As a college student getting high is a regular part of life. Because of your advice I am now able to eat a brownie before class, and comprehend the material better. Thanxs for an awesome fuckin site.
~ BIA MAL