Global CBD Edibles Market to reach USD xx billion by 2027.Global CBD Edibles Market is valued approximately USD xx billion in 2020 and is anticipated to grow with a healthy growth rate of more than xx % over the forecast period 2021-2027. Due to their remarkable medicinal effects, CBD edibles are beneficial to consumers in a variety of ways. These CBD sweets, which come in a number of tastes and textures, deliver a hemp-based chemical or cannabis to the body for stress and depression alleviation. Owing to the unavoidable financial losses caused by the coronavirus epidemic, number of people experiencing worry and anxiety have substantially increased. During the ongoing COVID-19 outbreak, CBD edibles have been discovered to be effective due to its medicinal effects. In the forecast period of 2021 to 2027, factors such as increased hemp production, increased awareness about the health benefits of cannabis, increased demand from the healthcare industry, and legalization of cannabis in other industries are projected to boost the CBD edibles market. For instance, according to the National Restaurant Association, cannabis was named the hottest culinary trend of 2019 by the world's largest foodservice association. CBD edibles are projected to take the place of unhealthy foods including cookies, brownies, and confectionaries. Cannabis consumers are looking for longer-lasting alternatives to smoking cannabis, which is expected to fuel the market for CBD edibles. Meadow is a website that allows users to give medical cannabis prescriptions via video chat and have the cannabis product delivered to them from the local shop. Similarly, Canopy Growth Corp. and Aurora Cannabis Inc. are among the globally leading businesses that Shopify is providing Point-of-Sale services to. The majority of major CBD edibles companies, including Premium Jane, Pure Kana, and CBD One Ltd, sell their goods through their e-commerce websites. In the forecast period, the market expansion is expected to be hampered by the high cost of CBD products and the presence of strict regulations. Whereas, advancement in technology and growing e-commerce industry will offer various opportunities for market players during the forecasting years.
The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide CBD Edibles market. North America is predicted to account for the highest share of the CBD edibles market due to rising healthcare and research and development spending. This is due to technological developments, changing lifestyles, increased awareness of CBD-infused products, and the existence of other significant market players in the region. Furthermore, China is one of the fastest expanding markets for hemp-based products and CBD edibles, owing to rising urbanization and the presence of major industry contributors. In recent years, the Chinese CBD edibles market has benefited from increased demand and acceptance of CBD products. Moreover, India is one of the most important countries in Asia Pacific to demonstrate promising growth prospects in the CBD edibles industry. The availability of raw materials needed to make CBD edibles, industrialization, and a rapidly increasing economy are all elements contributing to Asia Pacific's fastest revenue growth.
Major market player included in this report are:
Elixinol Global Ltd
Charlotte's Web Holdings Inc
Canopy Growth Corp
Medical Marijuana Inc
Aurora Cannabis Inc.
MGC Pharmaceuticals Ltd.
Creso Pharma Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Mode of Operation offerings of key players. The detailed segments and sub-segment of the market are explained below:
Chocolates & Candies
By Sales Channel
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global CBD Edibles Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers