The global cannabis infused edible products market grew at a CAGR of around 6% during 2014-2019. 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. Looking forward, IMARC Group expects the global cannabis infused edible products market to continue its moderate growth during the next five years.
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 for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, product type and distribution channel.
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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).
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