Biohacking and CBD Markets To Grow Explosively in 2020
Biohacking and CBD wellness products are among the most promising trends for entrepreneurs to watch out in 2020, shared Australian creative platform 99designs.
Agency’s COO Pamela Webber noted, that “while last year it was all about drones, AI healthcare and influencer agencies, 2020 shows a notable shift toward the wellness space”:
“We think it is driven by consumers seeking to take control and wanting to address social anxieties and concerns about their health, happiness and future success”
According to the report, this consumer wish to control the bodies and minds, will result in the increase of sales for anything connected with “DIY biology”, or biohacking: from sleep tracking to intermittent fasting, and all the way for more technological solutions.
Researchers indicated that biohacking spots are already appearing in such world capitals as Los Angeles, New York, and London, and with human endless drive to self-improvement, it is only a matter of time, when this market explodes.
Cannabidiol market is another trend to watch out, according to the agency. Since Australia legislated the CBD products, the social stigma has started to evaporate, opening new sector for drastic increase.
Last year already has brought 61% increase to the CBD products with the variety of offers: from CBD oil beauty products to pet CBD. This year, per researchers, the industry is set only to grow with a perspective to reach $25 billion in the next 10 years.