The global cannabis infused edible products market is expected to exhibit a CAGR of 15.2% during 2022-2027.
Cannabis-infused edible products include food and beverages that contain cannabinoid drugs extracted from the Cannabis Sativa plant. These drugs can be primarily classified into tetrahydrocannabinol (THC) and cannabidiol (CBD). THC is a psychoactive ingredient that is precisely used for medical purposes, whereas CBD is a non-psychoactive component used in both non-medical and medical applications. Cannabis-infused edible products are considered to be a healthier alternative to smoking cannabis as they reduce the exposure to carbon, tar, and carcinogens. These products are widely adopted for treating insomnia, inflammation, chronic pain, depression, anxiety, hyperemesis, etc. Cannabis-infused edible products mainly include chocolates, brownies, cookies, tea, snacks, spreads, pills, gummies, etc.
The rising aversion towards smoking cannabis coupled with the growing health concerns regarding the high prevalence of respiratory ailments is primarily driving the demand for cannabis-infused edible products. Furthermore, the increasing legalization of recreational cannabis across countries, such as the United States, Canada, Argentina, Netherlands, Spain, etc., is also propelling the market growth. The rising consumer awareness towards several health benefits of cannabis-infused edible products in treating poor appetite and weight loss in cancer patients, minimizing pain and muscle spasms, and relieving nausea, is further augmenting the market. Moreover, the wide availability of cannabis-infused edibles through legal marijuana dispensaries has bolstered the sales of cannabis cola, fruit punch, coffee, and other beverages. Apart from this, the increasing utilization of hemp and cannabidiol in pet food products for treating epilepsy, osteoporosis, anxiety, joint pain, etc., is also positively influencing the global market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cannabis infused edible products market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and distribution channel.
Breakup by Product Type:
- Energy Drinks
- Fruit Juices
- Herbal Tea
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialist Stores
- Online Stores
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Baked Bros, Bhang Corp., Botanic Lab, Cannabinoid Creations, Canopy Growth Corporation, Charlotte's Web, Dixie Brands Inc., Grön Confections., Kats Botanicals, Kaya Holdings Inc., Kiva Confections, Koios Beverage Corp., Lord Jones (Zeus Cannabinoids, LLC) and Medix CBD (CBD Capital Group).
|Base Year of the Analysis
||Product Type, Distribution Channel, Region
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Baked Bros, Bhang Corp., Botanic Lab, Cannabinoid Creations, Canopy Growth Corporation, Charlotte's Web, Dixie Brands Inc., Grön Confections., Kats Botanicals, Kaya Holdings Inc., Kiva Confections, Koios Beverage Corp., Lord Jones (Zeus Cannabinoids, LLC) and Medix CBD (CBD Capital Group)
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Key Questions Answered in This Report:
- How has the global cannabis infused edible products market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global cannabis infused edible products market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global cannabis infused edible products market and who are the key players?
- What is the degree of competition in the industry?