Joy Organics announced that it has won the 2023 Award for the Best CBD Gummies Product on the Market, the honor given by Optimal Health News.
The global CBD gummies market size was valued at $1.6 billion in 2020 and has been expanding at a compound annual growth rate (CAGR) of 30.7%. This rate of increase is expected to continue year after year until at least 2028. CBD gummies have gained immense popularity among consumers owing to their exceptional pain relief, anti-depressant, anti-anxiety and neuroprotective properties.
CBD products can help in reducing chronic pain by improving endocannabinoid receptor activity, decreasing inflammation and acting in conjunction with neurotransmitters. Such health benefits make CBD products highly attractive.
A rise in the legalization of cannabis for medical and recreational purposes is also a major factor supporting the demand for CBD gummies. The absence of THC content in the product is expected to further drive the demand among consumers interested in the consumption of gummies predominantly for medical purposes.
Joy Organics makes internal and third-party lab testing results easily available for each product. The products are also relatively inexpensive compared with those offered by many competing high-quality brands.