5 CBD Market Trends for 2022 | Future of Cannabis

5 CBD Market Trends for 2022 | Future of Cannabis

Cannabidiol, also known as CBD, is a chemical compound in cannabis that has many potential medicinal uses. Many people are turning to CBD products as a natural and healthier alternative to other prescription medications. It's been used to reduce seizures and anxiety in humans and pets for years. 

Recently it's become more popular because it doesn't cause the high associated with tetrahydrocannabinol (THC) as marijuana does. 

And because of its non-psychoactive properties, CBD research is booming and more and more people are on the lookout for high-quality CBD products. We discuss the latest CBD market trends for 2022 and how they’ll affect both businesses and consumers. 

  1. Education and research will skyrocket 

Slow research has previously halted the growth of CBD. However, the last few years have shown a huge increase in the research efforts that have been put into CBD, with various studies done to support its claims. 

With more and more countries moving towards the legalisation of CBD products, companies need to ensure the safety and reliability of the compound. The research efforts will lead to higher quality assurance and compliance efforts. 

  1. Business is booming 

CBD is one of the most talked about, and often misunderstood, compounds in the cannabis plant. But despite its murky legal status, CBD is becoming big business as entrepreneurs and investors alike see its potential. And it looks like

this is just the beginning – the CBD market is set to get much bigger and more diverse in the years to come. 

In 2021, the CBD industry generated an estimated £690m, which surpassed the predicted £526m. One of the biggest indications for the growth was equated to the pandemic. Individuals started experimenting with the idea of using CBD to cure conditions such as muscle aches, period cramps, anxiety, and insomnia. 

  1. There’ll be more brick & mortar stores selling CBD products 

Thanks to the pandemic, consumers have become interested in experimenting with new supplements and the world of online shopping is their oyster. 

Hemp and all of its derivatives are now legal in the United Kingdom, provided that it is sourced from EU hemp strains approved by the government. This has led to a surge in CBD products being sold both online and in brick & mortar stores. 

However, there are still relatively few stores that sell CBD products, and the majority of those are online-only. This is likely to change in the near future, as brick & mortar stores become more comfortable selling CBD products and as consumers become more aware of the benefits of CBD

  1. Expect to see some big names in the CBD industry 

The CBD industry is growing by leaps and bounds, with new companies popping up every day. As the market continues to grow, it's important for consumers to be aware of who they are buying from, and businesses to know who they’ll be competing against. 

While CBD businesses start to establish themselves, it wouldn’t be a big surprise to find out that some of the bigger names are getting involved in the CBD industry.

  1. CBD oil isn’t going to be the only product on the market 

CBD can be used topically by applying it directly to the skin using lotion or cream form for various ailments like acne and psoriasis. It can also be taken orally and would work best with edible items such as brownies, cookies, gummies, etc. 

Lastly, you can use CBD through inhalation methods such as vaping oil concentrates which come in varieties like grapefruit CBD juice vape pen cartridge or strawberry CBD vape pen cartridge. 

The various ways of ingesting or applying CBD means that there’s a huge potential to tap into different markets and increase their market value. With CBD becoming less of a controversial topic, vapes, sweets, CBD oils, coffees and edibles are soon to be seen as revenue streams for manufacturers.

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