Global Cannabidiol (CBD) Gummies Market, By Type (CBD Isolate Gummies, Broad-Spectrum CBD Gummies, Full-Spectrum CBD Gummies), Concentration (High, Low/Concentrated), Packaging Type (Pouches, Bottles, Jars, Tins), Distribution Channel (Store Based Retailing, Online Retailing), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Cannabidiol (CBD) Gummies Market
Cannabidiol (CBD) gummies market is expected to grow at a compound annual rate of 28.53% in the forecast period 2021 to 2028. The rapidly increasing demand for convenience food is the factor for the cannabidiol (CBD) gummies market in the forecast period of 2021 to 2028.
Cannabidiol (CBD) is extracted from the cannabis plant and does not cause to get high or a state of elation as Tetrahydrocannabinol (THC) or marijuana does. CBD gummies are broadly used to decrease depression and anxiety and CBD gummies are the most popular out of all available edibles.
The major growing factor towards cannabidiol (CBD) gummies market is the increase in legalization of cannabidiol (CBD) gummies. The prime factor driving the demand for cannabidiol (CBD) gummies is the improving consumer lifestyle and rapid urbanization. Furthermore, the increasing use of cannabis for treatment of psychiatric disorders, neurological disorders, for pain management and cancer which raises the demand for the product is also heightening the overall demand for cannabidiol (CBD) gummies market over the forecast period of 2021 to 2028. Moreover, the various application of cannabis is projected to support demand for CBD gummies, rising and high demand for CBD gummies from millennial as well as growing consumption of the product to relieve depression, anxiety, inflammation, pain and to induce sleep also serves as a foremost drivers for increasing the demand for cannabidiol (CBD) gummies market at a global level. In addition, the high disposable income and long-lasting effect of various edibles of the product over smoking are also lifting the growth of the cannabidiol (CBD) gummies market.
However, the lack of awareness regarding the cannabidiol (CBD) gummies is projected to act as a restraint towards the growth of cannabidiol (CBD) gummies market, whereas the consumer mindset pertaining to the use of CBD have the potential to challenge the growth of the cannabidiol (CBD) gummies market.
Moreover, the legalization of cannabis for using it for recreational and medical purposes will further generate new opportunities for the cannabidiol (CBD) gummies market in the forecast period of 2021 to 2028.
This cannabidiol (CBD) gummies market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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) gummies 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) Gummies Market Scope and Market Size
Cannabidiol (CBD) gummies market is segmented on the basis of type, concentration, packaging type and distribution channel. 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.
- On the basis of type, the cannabidiol (CBD) gummies market has been segmented into CBD isolate gummies, broad-spectrum CBD gummies and full-spectrum CBD gummies.
- Based on concentration, the cannabidiol (CBD) gummies market has been segmented into high and low/ concentrated.
- Cannabidiol (CBD) gummies market has also been segmented into on the basis of packaging type into pouches, bottles, jars and tins.
- The distribution channel segment of the cannabidiol (CBD) gummies has been segmented into store based retailing and online retailing. Store based retailing is further segmented into supermarket/ hypermarket, head shops, smoke shops, local health stores and others.
Cannabidiol (CBD) Gummies Market Country Level Analysis
Cannabidiol (CBD) gummies market is analyses and market size, volume information is provided by country, type, concentration, packaging type and distribution channel as referenced above.
The countries covered in the cannabidiol (CBD) gummies market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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 leads the cannabidiol (CBD) gummies market due to the legalization of cannabis for recreational and medical purposes in this particular region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the expanding demographic of consumers, which has encouraged various companies to enter into the production of CBD edibles in this region.
The country section of the cannabidiol (CBD) gummies 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 Cannabidiol (CBD) Gummies Market Share Analysis
Cannabidiol (CBD) gummies 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) gummies market.
The major players covered in the cannabidiol (CBD) gummies market report are CV Sciences, Inc., CHARLOTTE'S WEB, Verma Farms, BAEYS, Medterra CBD, Balance CBD, CBDfx, CBD Pure, PureKana, Dixie Brands, Premium Jane, Diamond CBD, Aurora Cannabis, CBD American Shaman, Kushie Bites, Sunday Scaries, Medix CBD, SaintyCo, Hemp Bombs and Reliva CBD among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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