The cannabis industry is by far the fastest-growing market in the world in the present scenario. Given its massive adoption in the past decade, with governments loosening their grip over medical marijuana use, the CBD industry in the UK has bloomed. Today, you will see a variety of CBD products from oils to personal care products like creams and shampoos, and edibles like cookies, protein bars, candies, chocolates, beverages, etc.
People have come to know about the primary health benefits of CBD. Doctors and scientists have acknowledged the health benefits of CBD and CBD products through research and experiments. Moreover, celebrities have also started endorsing CBD brands. As a result, the UK CBD industry has become a trailblazer in the national CBD regulations.
This post will explore the CBD industry in the UK. So, keep on reading.
Consumer interest in CBD has surged rapidly and is growing fast. According to experts, the shift is reflecting a wider trend in society and is further manifested by the changing economic drivers of the UK agricultural hemp sector. The current “hype” around CBD, as per several indicators, suggests that it is likely to endure and is not just a passing fad.
The popularity of CBD oil has been difficult to gauge. Nevertheless, the new data indicates that it has reached a level of market penetration, which is unlikely to squander. With consumption across different classes and age groups and not just trendsetting millennials, the CBD industry in the UK is only thriving.
The vagueness and complexity of the law regulating CBD in the United Kingdom have given rise to a largely unregulated yet competitive and profitable CBD sector with strong revenue growth – thanks to the diverse array of CBD retail products.
The consumers have become increasingly curious and have generated an interest in CBD’s well-being and health potential. This has resulted in major publishing houses and charities posting educational outputs and benefits of CDB in response to the people’s curiosity.
The ongoing prohibition of cannabis in the UK and the severely limited availability of medical marijuana products explain the consumers’ diversion into the under-regulated CBD market.
Agencies looking to streamline CBD products in the UK should consider this as a permanent feature of the wellness industry, which is said to expand in the coming years. The UK regulators still need to have a better understanding of the market, the motivations and habits of the customers, and the business practices of cannabidiol companies operating in the United Kingdom.
Reports reveal that there is a high level of CBD use in the United Kingdom. According to experts, consumers have clear preferences that influence their purchase decisions and prioritise purity and quality over legality and origin.
The consumers look for clear labelling information, consumption tips, recommendations on use, followed by a preference for British-produced CBD products. These priorities are chosen over things like organic status, brand, and price of the CBD products.
Here is a good review of the best CBD oil brands in the UK.
CBD Novel Foods Deadline
The FSA (Food Standards Agency) has asked the CBD companies in the UK to have a validated novel food application for each of their CBD products by 31 March 2021. After this date, only those CBD products that have a validated food application can remain on the market.
Popular CBD Products in the UK Market
CBD companies have started to introduce a variety of CBD-infused products to the market. Earlier, things were just limited to CBD oil that comes in 50-100 ml bottles. However, today, after seeing the craze and popularity, CBD companies have introduced new products in the market.
From edibles to cosmetics, medications, and more, there is a whole strain of new CBD products in the market. Products like ZenBears CBD gummies, chocolates, protein bars, bath salts, beauty serums, body lotions, supplements, sleeping tablets, etc. all have CBD in them.
This shows the use of CBD is not just limited to oils and health supplements. Because it doesn’t produce the ‘high’ effect, unlike THC, CBD has become a healthy supplement that people in the UK looks forward to.
This may be the reason why the cannabidiol market in the UK has grown rapidly with reports suggesting that the market cap will reach a whopping £1 billion by the end of 2025.
Interesting related article: “What is Cannabidiol?“