CBD-infused Products Market Tracking Towards $216.8 billion by 2028

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Summary

Care products—segmented into skincare products, hair care products, deodorants, perfumes, and other personal care products—is driving growth, with the skincare products segment accounting for the largest share of the overall CBD-infused personal care products market in 2021. According to a new market research report by Meticulous Research, the CBD-infused products market is expected to grow at 45.6% from 2021 to 2028, to reach $216.8 billion in value by 2028. CBD-infused products, what’s more, have become an attractive entertainment and stress and anxiety relief option for those subject to stay-at-home orders. As legalization continues to roll out around the globe, demand is expected to increase gradually, accelerating overall CBD-infused products growth. Regulation of CBD products is also expected to make CBD products safer for consumers by ensuring reliable potency levels and reducing the presence of toxic substances.

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General cannabis use for recreational and medicinal purposes is becoming increasingly accepted across the U.S., boosted by legislation, ballot measures, and public opinion polls. According to a new market research report by Meticulous Research, the CBD-infused products market is expected to grow at 45.6% from 2021 to 2028, to reach $216.8 billion in value by 2028.

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