>Global Cannabidiol (CBD) Edibles Market, By Source Type (Hemp, Marijuana), Application (Personal Care and Cosmetics, Pharmaceutical, Food and Beverage, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights Global Cannabidiol (CBD) Edibles Market
Data Bridge Market Research analyses that 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 extraordinary therapeutic effects, cannabidiol (CBD) edibles are beneficial to users in a variety of ways. These CBD sweets, which come in a number of flavours and textures, provide hemp-based chemicals or cannabis to the body for stress and depression alleviation. They are also termed as cannabis-infused goods.
The increasing awareness about the health benefits linked with cannabis will drive the cannabidiol (CBD) edibles market. Furthermore, rising demand from healthcare industry and surging health awareness among consumers are some macroeconomic factors that are positively impacting the worldwide cannabidiol (CBD) edibles market. Another significant factor is legalization of cannabis in various industries will accelerate the growth rate of cannabidiol (CBD) edibles market. The rise in disposable income and increasing urbanization will flourish the growth rate of cannabidiol (CBD) edibles market. Changing lifestyle and increasing industrialization will further propel the growth rate of cannabidiol (CBD) edibles market. The rising number of population across the globe and technological advancement will also flourish the growth rate of cannabidiol (CBD) edibles 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.
However, high cost associated with CBD products will hamper the market growth rate. Additionally, negative impact of COVID-19 on the production and supply chain will obstruct the cannabidiol (CBD) edibles market's overall growth. Also strict government regulations and less awareness will further challenge the cannabidiol (CBD) edibles market throughout the forecast period.
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. To gain more info on cannabidiol (CBD) edibles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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 cannabidiol (CBD) edibles market is analyses and market size, volume information is provided by country, source type and application as referenced above.
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.
The country section of the cannabidiol (CBD) edibles market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Cannabidiol (CBD) Edibles Market Share Analysis
The cannabidiol (CBD) edibles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cannabidiol (CBD) edibles market.
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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