Global CBD Infused Snacks Market, By Source (Marijuana, Hemp), Product (Gummies, Bars, Cookies, Others), Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Discount Stores, Pharmacy/Drug Stores, Food and Drink Specialty Stores, Independent Small Groceries, E-Retailers), 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 CBD Infused Snacks Market
The CBD infused snacks market is expected to witness market growth at a rate of 10.10% in the forecast period of 2021 to 2028 and is expected to reach USD 2.59 billion by 2028. Data Bridge Market Research report on CBD infused snacks market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growth in awareness regarding the health benefits of the hemp derivatives is escalating the growth of CBD infused snacks market.
Cannabis infused snacks refers to the type of food products that contain marijuana extracts in them. Baked foods and candies among others belong to such category of food products. CBD (cannabidiol) and THC (tetra hydra cannabinol) are used in these kinds of edibles where THC is psychoactive. Cannabis refers to a plant which belongs to the family of cannabaceae. It is also called hemp or the hemp fibre. The oil has its application as therapeutic product as well as psychoactive drugs.
The increasing preference towards natural organic products over pharmaceuticals among consumers across the globe acts as one of the major factors driving the growth of CBD infused snacks market. The rise in the production of industrial hemp and the increasing demand for cannabidiol (CBD) for the production of snacks and wellness products because of its healing abilities accelerate the CBD infused snacks market growth. The growing trend of CBD infused snacks because of their therapeutic properties and shift in consumer food habits further influence the CBD infused snacks market. Additionally, emerging consumer trend owning to the rise in number of social media influencers promoting the benefits of the product merges and acquisitions among key players, research and development activities, change in lifestyle and surge in disposable income positively affect the CBD infused snacks market. Furthermore, increase in research and development activities, product launches and the legalization of the product across nations extend profitable opportunities to the CBD infused snacks market players in the forecast period of 2021 to 2028.
On the other hand, implementation of stringent regulations associated with the product and high cost of medical cannabis based oil extract-infused food products are the factors expected to obstruct the CBD infused snacks market growth. The rise in concerns regarding the side effects such as allergies, headache and substance abuse is projected to challenge the CBD infused snacks market in the forecast period of 2021-2028.
This CBD infused snacks 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 CBD infused snacks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
CBD Infused Snacks Market Scope and Market Size
The CBD infused snacks market is segmented on the basis of source, product and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of source, the CBD infused snacks market is segmented into marijuana and hemp.
- On the basis of product, the CBD infused snacks market is segmented into gummies, bars, cookies, and others.
- On the basis of distribution channel, the CBD infused snacks market is segmented into hypermarkets/supermarkets, convenience stores, discount stores, pharmacy/drug stores, food and drink specialty stores, independent small groceries and e-retailers.
Global CBD Infused Snacks Market Country Level Analysis
The CBD infused snacks market is analyzed and market size, volume information is provided by country, product and distribution channel as referenced above.
The countries covered in the global CBD infused snacks market report are the 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 and Europe dominate the CBD infused snacks market because of the legalized utilization of cannabis for medicinal and recreational applications, the rise in consumption of ready-to-eat snacks and confectionary products infused with CBD and high awareness in the region. Asia-Pacific is expected to witness the significant CAGR during the forecast period of 2021-2028 because of the urbanization, changing lifestyle and eating habits, growing popularity of the snacks and rise in awareness regarding health and wellness in the region.
The country section of the CBD infused snacks 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 CBD Infused Snacks Market Share Analysis
The CBD infused snacks 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 CBD infused snacks market.
The major players covered in the CBD infused snacks market report are Livity Foods, Velobar, NatureBox, Weller, evo hemp, CBD American Shaman, Dixie, Premium Jane, PureKana, Medical Marijuana, Inc., Isodiol International Inc, Aurora Cannabis, CV Sciences, Inc., NuLeaf Naturals, LLC, Green Roads, Tilray, FOLIUM BIOSCIENCES, GW Pharmaceuticals plc, Medterra, Gaia Herbs 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 analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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