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.
Cannabidiol (CBD) edibles are advantageous to consumers in a number of ways because of their amazing medicinal benefits. These CBD sweets, which come in a variety of flavours and textures, provide the body chemicals derived from hemp or cannabis to reduce stress and sadness. They are referred to as cannabis-infused products as well.
The market for cannabidiol (CBD) edibles will be driven by the growing knowledge of the health advantages associated with marijuana. Additionally, growing consumer awareness of health issues and expanding healthcare demand are two macroeconomic variables that are favourably affecting the global market for cannabidiol (CBD) edibles. Another important aspect is that the market for cannabidiol (CBD) edibles will expand faster after marijuana is legalised in numerous industries.
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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.
Cannabidiol (CBD) Edibles Market Country Level Analysis
The countries covered in the cannabidiol (CBD) edibles market report are:
U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
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.
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Competitive Landscape and Global Cannabidiol (CBD) Edibles Market Share Analysis
Some of the major players operating in the cannabidiol (CBD) edibles market are:
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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