CBD products is a growing industry, and all signs show that it'll maintain this upward trend. Even if most markets have faced challenged due to the COVID-19 outbreak, the CBD one has increased in popularity.
It's no secret that most industries registered a hard hit in 2020, but luckily for the entrepreneurs who invested in CBD, more and more people have discovered its benefits. A new study says that the CBD market can reach $20 billion by 2024, considering it affects multiple industries (from pharmaceuticals to cosmetics, beverage and food). Before the pandemic started, Cowen & Co estimated that the market would reach $15 billion by 2025. Still, with the virus locking people inside their homes, and triggering a rise in the cases of anxiety and depression, more people have started to look for natural remedies. Because CBD products are widely available online and highly effective, they were the first choice of people who struggled with pains, depression, anxiety, stress, and other similar conditions.
Studies show that CBD is helpful both for humans and their pets. Companies have seen an increase in the number of pet products ordered since the beginning of the pandemic because people spend more time at home and notice their pets' needs. Also, because they can spend more time with their dogs, many people take them in longer walks that cause sore muscles. Veterinarians recommend products that contain CBD to improve some ailments pets experience because they have fewer side effects than other treatments. If the trend continues to follow this upward trend, it's predicted the market to witness a growth rate of 31.9% between 2020 and 2027.
Before studying the reasons why people use CBD, let's try to understand what it is
Many people call it the wonder natural remedy even if there are no medical studies to prove all the benefits providers state it has. CBD, the short form for cannabidiol is a chemical compound from marijuana that doesn't produce psychoactive effects. You can find it on the market in various forms, from oils to edibles, and produces a feeling of calm and relaxation.
We're saying that people can use it without getting high, which makes it extremely popular among the patients who struggle with pains or mental health issues. The cannabis plant contains two main compounds, CBD and THC, and CBD is the non-psychoactive one. When using it, people don't feel altered or sedated; they only notice an improvement in their symptoms. But, to ensure that they don't get any side-effects people are advised to buy products only from third-party-authorised and regulated providers.
How do people use CBD and why they buy it?
Even if there are no medical studies to prove all its benefits, a lot has been written about it, and its impact on the human endocannabinoid system. Some medical practitioners state that they need more research papers to consider it viable to switch from the traditional treatments they prescribe. At present, studies note that cannabinoid triggers therapeutic effects and can be used to alleviate neurological functions, anxiety, pain, and other health conditions that imply for the patient to achieve a calmness state to improve their health.
The compound unlocks the endocannabinoid system, and this is why patients experience a therapeutic and calm effect. The human endocannabinoid system is responsible for important processes essential for the biochemistry of the body. Most traditional treatments are created to target one area, but CBD acts on a larger scale and can improve multiple issues at the same time.
Patients use it to treat anxiety symptoms
Stress and anxiety are considered bad behaviours, but they are the body's natural response to exterior threats and trouble. The mind tells the body that it should do something to protect itself from specific factors. They are natural adaptive mechanisms that help humans survive and vital in daily interactions. But there are times when people cannot handle them properly, and they let their emotions trigger destructive behaviour. Everyone experiences anxiety and stress at a certain point, and for most people, they don't become problems because the episodes don't repeat themselves regularly.
OrganicCBD Nugs, oil, or other similar products can reduce the effects associated with mental health issues like moderate depression panic disorders, anxiety, social anxiety, or post-traumatic stress disorder.
CBD alleviates pain and aches
Most people use CBD to reduce pains. The sporting industry is one of the major markets for products that include CBD as the main ingredient in remedies for treating localised pain. CBD reduces inflammation and pain, and athletes use it to speed up their healing when they experience pain and exhaustion in muscles and joints. CBD also helps with chronic pain and is often used to treat injuries or arthritis.
People dealing with pains use oils and ointments to relieve their symptoms, but research shows that even tinctures are effective locally. Depending on the condition the patient wants to treat, some may even prefer vaping because the compound gets quicker into their bloodstream, and they feel the effects almost immediately.
To understand if it can be used to treat pain, people need to know that there are two types of pain, nerve and musculoskeletal. Studies show that it can improve both conditions. However, in chronic disorders, the remedy is more effective when combined with other treatment options. Therefore, people are advised to always contact their doctors before trying any treatment for their conditions. CBD is available online or over the counter in most states, but it's best to get a prescription when using it for treating a condition.
The bottom line
Over the last months, CBD products have increasingly emerged, and the industry's growth is mainly because of the numerous medical applications it has. By now, undoubtedly everyone has heard about the effects this product has, and considered using it to improve one of the conditions they're experiencing. With the industry still in its nascent stages, many entrepreneurs consider investing in a CBD business and considering the predictions the chances for them to grow a successful venture and quite high.