Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global CBD Gummies Market Size is Estimated to Grow from USD 3.47 Billion in 2023 to USD 44.8 Billion by 2033, Growing at a CAGR of 29.15% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global CBD Gummies Market Size, Share, and COVID-19 Impact Analysis, By Concentration (High Concentration and Low Concentration), By Packaging (Cans, Jars, Pouches, and Bottles), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The market for cannabidiol (CBD) gummies, a kind of consumable that contains CBD, a non-psychoactive substance from the cannabis plant, is known as the global CBD gummies market. Cannabidiol (CBD), a non-psychoactive substance derived from the cannabis plant, has become more and more popular as a convenient way to take CBD gummies. The claimed advantages of this substance are becoming more widely known, which has contributed to a discernible growth in connected industries like the CBD gummies market. For those who are concerned about their well-being, CBD is a desirable alternative due to its non-psychoactive properties. Additionally, CBD products have gained better legal standing in several economies, increasing consumer accessibility. Thus, the legalization or regulation of CBD for medical purposes has contributed to a decrease in stigma and a rise in consumer confidence in goods like gummies. However, legal limitations and regulatory obstacles in different countries limit the market expansion for CBD gummies.
The low concentration segment held the largest share in 2023 and is estimated to grow at a CAGR of 22.70% throughout the projection period.
Based on the concentration, the global CBD gummies market is categorized into high concentration and low concentration. Among these, the low concentration segment held the largest share in 2023 and is estimated to grow at a CAGR of 22.70% throughout the projection period. The high demand for these items has been made possible by the increasing number of casual or first-time users, individual want to start with lesser concentrations to see how their bodies react. Gummies with low concentrations offer a milder feeling, enabling consumers to progressively increase their use. People who wish to experience the potential benefits of CBD, such as mood enhancement or relaxation, without experiencing any psychoactive effects or feeling overwhelmed by higher doses will find these gummies particularly tempting.
The pouches segment anticipated the largest market share in 2023 and is expected to grow at a CAGR of 24.19% throughout the projection period.
Based on the packaging, the global CBD gummies market is classified into cans, jars, pouches, and bottles. Among these, the pouches segment anticipated the largest market share in 2023 and is expected to grow at a CAGR of 24.19% throughout the projection period. Pouches have an impact on the market for CBD gummies since they offer a convenient, cost-effective, and recyclable packaging option. They are readily available and portable, which is advantageous for customers who require portable food items. The ability to print distinct design schemes and additional product information on the pouches encourages regular consumer interaction and brand recognition.
The offline segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the global CBD gummies market is divided into online and offline. Among these, the offline segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. There is a significant opportunity for segment expansion due to the high prevalence of "head shops" in many large cities across the world, which have a sizable current clientele and a devoted local consumer base. When purchasing genuine, high-quality items, consumers prefer physical stores and retail pharmacies that offer CBD products with a prescription. Since CBD is becoming more widely accepted and legal in many countries, big-box pharmacies have started carrying a variety of gummies from various companies.
North America is expected to hold the largest share of the global CBD gummies market through the forecast period.
North America is expected to hold the largest share of the global CBD gummies market through the forecast period. Growing consumer knowledge of CBD, shifting attitudes toward cannabis, and growing demand for natural health products are all factors propelling the regional market's expansion. Consumers in the region are increasingly looking for natural remedies rather than prescription drugs to treat common ailments including stress, pain, anxiety, and insomnia. Natural and non-toxic, CBD gummies are becoming more and more well-liked due to their alleged health advantages. Several restrictions that have been put in place by regional economies are anticipated to influence the market and motivate producers and distributors to introduce new goods.
Asia Pacific is predicted to grow at the fastest CAGR of the global CBD gummies market over the forecast period. Demand for CBD products is rising in the area as a result of the region's increasing acceptance of cannabis for both medical and recreational purposes as well as increased investment in the cannabis sector. Gummies and other CBD products are permitted in the majority of EU nations, provided they meet specific requirements. As long as the THC percentage of CBD products made from industrial hemp is less than 0.2%, the EU permits their sale. Cannabis consumption laws are left up to regional economies to create and enforce, which affects industry expansion.
Company Profiling
Major key players in the global CBD gummies market include CV Sciences, Inc., BellRock Brands, PJ Marketing LLC, Sunday Scaries, Green Roads, Medix CBD, Purekana LLC, Diamond CBD, Charlotte's Web, Inc., NextEvo Naturals, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global CBD gummies market based on the below-mentioned segments:
Global CBD Gummies Market, By Concentration
Global CBD Gummies Market, By Packaging
Global CBD Gummies Market, By Distribution Channel
Global CBD Gummies Market, By Regional Analysis
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