State of the marketIn the United States, cannabidiol products generated sales of roughly five billion U.S. dollars in 2020. By 2025, CBD product sales are predicted to reach nearly 17 billion U.S. dollars in the United States. With estimated sales of 730 million U.S. dollars, the state of California was the country’s leading market for CBD products. By 2025, nutraceuticals are forecast to become the largest CBD category in terms of U.S. sales.
Popular productsCBD products come in many different shapes and sizes, including tea, vape products, and soaps. Within the food segment, oils and spreads were the most common types of cannabidiol products in 2019. In American convenience stores, vitamins were the leading CBD segment in terms of sales, generating over 20 million U.S. dollars in 2020. Overall, lotions and balms were the segment of CBD products that sparked the most interest among consumer in the U.S. followed by gummies, tinctures, and supplements.
In 2020, Reliva, a maker of edible, topicals, and tinctures was the top selling CBD brand in convenience stores in the United States across all quarters. Hemp Bombs was the second best selling brand in that year.