The global cannabidiol (CBD) edibles market to be growing at a CAGR of 24.80% in the forecast period of 2022-2029. The rising production of hemp will drive the growth rate of cannabidiol (CBD) edibles market.
Due to their incredible medicinal benefits, cannabidiol (CBD) edibles are beneficial to consumers in a variety of ways. These CBD candies, which come in a variety of tastes and textures, give the body chemicals made from hemp or cannabis to lessen anxiety and depression. Additionally, they are known as cannabis-infused items.
The market for cannabidiol (CBD) edibles will be fueled by the public’s growing understanding of marijuana’s positive effects on health. Additionally, the global market for cannabidiol (CBD) edibles is being positively impacted by rising consumer awareness of health issues and rising healthcare demand. Another crucial point is that if marijuana is legalised across several industries, the market for cannabidiol (CBD) edibles will grow more quickly.
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This cannabidiol (CBD) edibles market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
Moreover, the rising number of research and development activities and launch of new products will boost the beneficial opportunities for the growth of cannabidiol (CBD) edibles market. Additionally, growing awareness of antioxidant and anti-aging properties of CBD and hemp and increasing use of CBD edibles as dietary supplements will act as major drivers that will further create new opportunities for market’s growth in the above mentioned forecast period.
Global Cannabidiol (CBD) Edibles Market Scope and Market Size
The cannabidiol (CBD) edibles market is segmented on the basis of source type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Based on source type, the cannabidiol (CBD) edibles market is bifurcated into hemp and marijuana.
The application segment of the cannabidiol (CBD) edibles market is segmented into personal care and cosmetics, pharmaceutical, food and beverage and others.
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Cannabidiol (CBD) Edibles Market Country Level Analysis
The countries covered in the cannabidiol (CBD) edibles market report are:
North America dominates the cannabidiol (CBD) edibles market and will continue to flourish its trend of dominance during the forecast period due to the presence of major key players, changing lifestyle and technological advancement in this region. Asia-Pacific is estimated to grow at a significant rate during the forecast period of 2022-2029 due to availability of raw materials and rising industrialization in this region.
Competitive Landscape and Global Cannabidiol (CBD) Edibles Market Share Analysis
ENDOCA, Isodiol International Inc., Medical Marijuana, Inc., Canopy Growth Corporation, Elixinol., FOLIUM BIOSCIENCES, NuLeaf Naturals, LLC, PharmaHemp, Happy Hemp, The Purekana, CV Sciences, Inc., CHARLOTTE’S WEB, Aurora Cannabis, MGC Pharma, Creso Pharma, The Cronos Group, CHILL BRANDS GROUP plc, Curaleaf, Green Thumb Industries (GTI), Tilray, Ecofibre Limited, Colorado Botanicals, PLUS Products Wonders, Incredible Edibles, and Balance CBD, among others.
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Global Cannabidiol (CBD) Market Scope and Market Size
Global cannabidiol (CBD) market is segmented on the basis source, grade, application, product type, nature. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the Difference in your target markets.
BY PRODUCT TYPE
- CBD OIL
- CBD ISOLATES
- CBD CONCENTRATES
- FOOD GRADE
- THERAPEUTIC GRADE
- Dietary supplements
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