CBD Gummies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

CBD Gummies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2748
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Market Overview:

The global CBD gummies market is expected to exhibit a growth rate (CAGR) of 27.3% during 2023-2028.

CBD gummies refer to edible candies containing non-psychoactive cannabidiol oil, which is extracted from the marijuana plant. These gummies are widely available in different shapes, flavors, colors, and concentrations of cannabidiol. CBD gummies are easily consumable and help in relieving chronic pain, reducing anxiety and depression, minimizing stress levels, treating insomnia, etc.

 

 
 

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The rising legalization of cannabis for several medical and recreational purposes, particularly across countries such as the United States, Canada, Mexico, Argentina, etc., is augmenting the demand for CBD gummies. Furthermore, the growing consumer awareness towards several benefits of CBD gummies in treating inflammation, relieving pain, improving sleep quality, and better stress management, is also propelling the market growth. Additionally, the increasing prevalence of several respiratory ailments caused due to smoking cannabis has led to the changing consumer inclination towards CBD-infused edibles, including CBD gummies. Besides this, the growing incidences of several neurological and psychiatric disorders are further propelling the adoption of CBD gummies based on their non-psychotropic properties that eliminate the risk of drug-induced sensations among consumers. Moreover, the emergence of gluten-free, vegan, sugar-free, and organic CBD gummies that are usually prepared from non-GMO containing hemp plants, is further catalyzing the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global CBD gummies market report, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on concentration, packaging and distribution channel.

Breakup by Concentration:

 

 
 

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  • High Concentration
  • Low Concentration
     

Breakup by Packaging:

  • Pouches
  • Bottles
  • Jars
  • Cans
     

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Head Shops
  • Smoke Shops
  • Local Health Stores
  • Online
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • South Korea
    • Australia
    • Others
  • Europe
    • Germany
    • United Kingdom
    • Netherlands
    • Spain
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Others
  • Middle East and Africa
    • South Africa
    • Israel
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being CBD American Shaman LLC, CV Sciences, Diamond CBD Limited, Dixie Brands Inc., Green Roads CBD, Hemp Bombs, Medix CBD, Premium Jane, Pure Kana, Reliva CBD Wellness and Sunday Scaries.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Million
Segment Coverage Concentration, Packaging, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, China, South Korea, Australia, Germany, United Kingdom, Netherlands, Spain, Brazil, Argentina, South Africa, Israel
Companies Covered CBD American Shaman LLC, CV Sciences, Diamond CBD Limited, Dixie Brands Inc., Green Roads CBD, Hemp Bombs, Medix CBD, Premium Jane, Pure Kana, Reliva CBD Wellness and Sunday Scaries
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the global CBD gummies market to exhibit a CAGR of 27.3% during 2023-2028.

The increasing consumer awareness towards several benefits of CBD gummies in treating inflammation, relieving pain, improving sleep quality, and better stress management is currently driving the global CBD gummies market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units and delay in R&D activities for CBD gummies.

Based on the concentration, the global CBD gummies market has been segmented into high concentration and low concentration. Currently, low concentration gummies hold the majority of the total market share.

Based on the distribution channel, the global CBD gummies market can be categorized into supermarkets and hypermarkets, head shops, smoke shops, local health stores, online, and others.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global CBD gummies market include CBD American Shaman LLC, CV Sciences, Diamond CBD Limited, Dixie Brands Inc., Green Roads CBD, Hemp Bombs, Medix CBD, Premium Jane, Pure Kana, Reliva CBD Wellness, and Sunday Scaries.

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CBD Gummies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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