Over the last few years, demand for CBD products has grown massively. As more research is conducted and public understanding grows, more people are discovering the benefits of these products and how they can help us live fuller lives.
A recent survey by New Frontier Data has uncovered just how much Europe’s CBD market has grown over the last few years, and how popular it could become. They have also revealed some interesting statistics about how people are using CBD oil, showcasing some of its most popular benefits.
The Growing CBD Market
According to New Frontier Data, there are over 72 million CBD consumers in the EU. We’ve come a long way in such a short time!
56% of Europeans surveyed have heard of CBD, which shows that these products are on their way to becoming part of the mainstream conversation. However, recent European Commission decisions on CBD show that there’s still some way to go before Hemp CBD products are fully understood.
Here at ElleVance, we are always open about the potential of CBD products. These are not miracle cures but can provide natural benefits for a range of issues, which we will look at in more detail below.
According to the research, total spending on CBD products in the EU this year will total around €8.3 billion (that’s ~£7.5 billion). By 2025, that figure is expected to increase to a whopping €13.6 billion (£12.3 billion)!
Why People Use CBD?
CBD oil can be used to provide benefits in various physical and mental areas. However, what are the most popular reasons for taking CBD among consumers?
According to New Frontier Data, the most popular reason for taking CBD oil products is pain management, with 40% of CBD consumers stating this as the top reason. CBD is an anti-inflammatory and has been proven to help assist the body in its natural recovery from injury. These benefits are the reasons why CBD is becoming a popular supplement among sportspeople!
Beyond pain management, 34% of CBD consumers use the products for relaxation, and 31% for stress relief. One of CBD’s most significant benefits is how it supports the body’s natural endocannabinoid system, helping to regulate intense emotions such as stress and anxiety. While CBD cannot eradicate these feelings, it can help you to overcome them naturally and has proven useful for many people, as this research demonstrates!
Tied to stress is our sleep, which is vital for living happy, healthy lives. Many people have used our products to help them fall and stay asleep more smoothly, and also help combat jet-lag! Again, if you have a severe condition such as insomnia, we advise that you get in contact with a professional. However, if you simply want to improve the quality of your sleep, then CBD products can provide welcome support.
What Can CBD Do for Me?
The CBD industry is in a fascinating place. Research continues to understand the benefits of these products further, and more people are discovering the advantages for themselves!
If you are interested in taking CBD, then we have a wide range of products for you to choose from, depending on the benefits that interest you. Check out our blog on what happens when I first start taking CBD or get in touch with our team, who can help advise you on the best way to start.