Forecasted development dynamics of the market for non-drug cannabinoids used for industrial purposes

In the near future, the adoption of the relevant regulatory legal acts regulating the use of non-drug cannabinoids of plant origin is expected, it is expected that sales of goods containing, including cannabidiol, will grow several times over the next five years to a value of $ 6.9 billion. 

Trying to analyze the rapid growth of the market for non-narcotic cannabinoids used for industrial purposes in the world, the editors of the profile electronic publication of Ukrainian cannabis growers turned to the specialists of the information and analytical platform Hemp Consulting with a request to at least outline the development trends of various categories of goods, the composition of which, among other things, includes cannabidiol, about which you can speak now. Taking into account the specificity of this kind of research, prepared by Hemp Consulting specialists in the interests of one of the companies operating in the national market, we were offered for publication the data obtained in the course of working with analysts of the American hemp market. According to the employees of the information and analytical platform Hemp Consulting, the market trends that are indicated below and will be characteristic of the US market in one form or another will be duplicated both in other economically developed countries of the world and in Ukraine. 

The market for non-drug plant-based cannabinoids in the world's most highly developed country is clearly booming. Despite the absence of federal regulations and the presence of a huge number of specialized companies (there are more than 3000 well-known brands), this niche of modern cannabis growing remains wide open and full of opportunities. Taking into account the fact that in the near future the adoption of the relevant regulatory legal acts regulating the use of non-narcotic cannabinoids of plant origin is expected, it is expected that sales of goods containing cannabidiol in their composition will grow several times over the next five years to a value of $ 6 , 9 billion

Forecast of sales of cannabinoid products in the USA 

In particular, by 2025, sales are expected to grow in the following categories of goods for:

• 165% for personal care products up to $ 507 million;

• 428% for foodstuffs up to $ 595 million, for drinks up to $ 1.2 billion;

• 197% for inhalation supplies up to $ 792 million;

• 159% on over-the-counter supplements up to $ 1.5 billion;

• 164% on goods for pets up to $ 506 million;

• 961% on cosmetics and skin care products worth up to $ 1.3 billion.