Projections of Statista estimate that cannabidiol (CBD) sales will grow to $ 1.8 billion by 2022, up from just under $ 0.5 billion in 2018. If you’re an investor looking to weather this wave, here’s a breakdown of the top CBD products made from the Shelves have flown.
CBD gummies
CBD gummies remain an all-time favorite for busy mothers who want to incorporate delicious CBD treats into their everyday lives. Gummies are available in sizeable doses such as 5 mg, 10 mg, and 20 mg, which make dosing easier. They don’t require any special skills or tools to consume. All you have to do is toss a gummy bear or two in your mouth and wash it down with your favorite beverage. Compared to capsules, gummy bears come in brightly colored and delicious variants and are therefore more attractive. If you need to offer kids CBD, gummy bears are the way to go. It’s no surprise that they are among the top-selling CBD products.
Some of the best-selling CBD gums on the market include the Lord Jones gummy candies, which have lemon and strawberry flavors and contain 20 mg of broad spectrum CBD.
CBD vapes
Vaping is a pretty nifty way of consuming CBD. Manufacturers have worked hard to grab the attention of the younger population by making cheeky vaporizers in a variety of flavors. Like e-cigarettes, vaporizers deliver CBD to the lungs quickly; Blood peaks occur after about 10 minutes and the effects can last for up to 3 hours. This makes vaping an ideal way to relieve anxiety in high pressure situations.
The safety of CBD vapes was approved in 2019 following the Steam crisis. This, of course, affected sales of CBD vapes. However, there was a rebound in sales following analytical reports that the steam crisis was due to contamination with vitamin A acetate. Manufacturers who can determine the safety of the CBD vapes can continue to enjoy dominance in the market. Some of the most popular CBD vapes on the market are the artisanal CBD vape pens from Secret Nature and the exquisite vape pens from Funky Farms.
subjects
This is a highly diversified product category that has taken the skin care market by storm. Skin care manufacturers are rushing to add CBD to their product repertoire for its purported skin benefits. The best-selling CBD skin care products containing CBD include bath bombs, lotions, creams, ointments, and patches, among others. Topicals are applied directly to the skin and are easily absorbed by the numerous endocannabinoid receptors located there. They have wide appeal because they are effective in fighting skin diseases.
What’s in the future?
We expect product inventions and diversification in the CBD sector. The fierce competition in the market will force manufacturers to be more resourceful when it comes to product development. It will be interesting to see how this space evolves in 2021 and 2022 as we get closer to the $ 1.8 billion mark.
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