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The CBD-Infused Confectionery Market was worth USD 3.90 billion in 2023 and is expected to increase to USD 15.08 billion by 2032, experiencing a 16.22% CAGR from 2024 to 2032.
CBD, or cannabidiol, is extricated from the Cannabis sativa group of homegrown blossoming plants. It incorporates both hemp and weed. It is additionally found in Maryjane; be that as it may, it doesn't have close to as much tetrahydrocannabinol (THC), the psychoactive fixing in marijuana. CBD-injected candy is a custom item that offers medical advantages like uneasiness, expansion, and restlessness therapy. CBD-injected candy should be bitten and eaten to be compelling. It is likewise advantageous to move and can be tanked whenever of day.
Rising interest and expanding sanctioning of weed, developing utilization of marijuana in disease, and medical advantages presented by pot injected items are the key variables driving the development of the market. The utilization of weed in pet food and the rising interest for pot imbued drinks give huge learning experiences to showcase players before long.
Driving Factors:
The legitimization of CBD creation in various countries all over the planet.
Purchaser interest for CBD-mixed confectionary is extending as mindfulness and item openness develop.
Restraining Factors:
Regardless of its health advantages, weed has unfortunate results on human wellbeing.
CBD is as yet bantered concerning its legitimateness in many spots.
Opportunities:
Worked on financial relations between various countries.
Challenges:
Respect to taste, contingent upon the strength of CBD oil utilized.
As per a new examination report, the CBD business might anticipate maximum usage, especially among customary clients, demonstrating how the market might act in the next few long periods. Besides, in a review of CBD clients, 37.5% said they intended to utilize more CBD during the COVID-19 issue. This is particularly obvious among Millennials and Gen Z clients, with 51.2% wanting to involve CBD more in the next long periods.
A quick spike popular and deals have been kept in countries where CBD utilization is allowed amidst the pandemic. Considering social removing shows, a few nations and states in the United States have expanded CBD-implanted confectionary deals and conveyance administrations through internet-based channels. Following the CDC's declaration of self-quarantine, the CBD business has encountered a flood of popularity.
In light of the source, the CBD-mixed items market is essentially fragmented into hemp and marijuana. The enormous portion of this section is predominantly ascribed to its lower THC fixations, which decline or dispose of its psychoactive impacts and increment hemp-inferred items for different clinical applications.
Given a type, the CBD-imbued items market is fragmented into CBD-edibles, CBD-oil and concentrates, CBD-individual consideration items, CBD-smoke and vape items, CBD supplements, CBD-pet items, and other CBD products. The huge portion of this section is primarily ascribed to the developing notoriety of sporting pot, expanding interest for food injected by pot like THC and CBD, rising reception of CBD in various verticals like dessert shops, bread kitchens, and so on, and pot customer are searching for options in contrast to smoking marijuana.
Given the conveyance channel, the CBD-imbued items market is portioned into disconnected and online stores. he huge portion of this fragment is essentially credited to the impression of buying valid and great quality items. Nonetheless, the web-based store portion is supposed to develop at the most elevated CAGR during the figure time frame. The fast development of this section is primarily credited to the simplicity of accommodation and the quick entrance of CBD-mixed items on E-trade stages.
By Source:
Hemp
Marijuana
By Type:
Edibles
Confectionery Products
Bakery Products
Beverages
Coffee & Tea Products
Other Edible Products
Oil & Extracts
Personal Care Products
Skincare Products
Haircare Products
Deodorants and Perfumes
Other Personal Care Products
Smoke & Vape Products
Supplements
Other CBD Products
By Distribution Channel:
Offline Store
Dispensary
Pharmacies
Natural Health Foods Store
Other Stores
Online Stores
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Regional Analysis:
North America ruled the overall CBD-mixed confectionary market in 2023, and this pattern is probably going to go on all through the gauge period. CBD items have provoked the curiosity of shoppers in the locale, because of promising clinical exploration for treating an assortment of problems and conceivable wellbeing benefits. The CBD-injected confectionery industry is one of the quickest developing regions of the complete CBD market, as per MRFR information. Due to their appearance, CBD-mixed confectionary things are engaging. In contrast with CBD oil or CBD pills, they additionally taste better.
The Asia-Pacific region is supposed to be a rewarding business sector for CBD-mixed confectionary producers. During the gauge time frame, it is normal to increment at the quickest rate. China, Australia, and New Zealand are the top hemp producers in Asia-Pacific, adding to the CBD-injected confectionary market.
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Key players in the CBD-Infused Confectionery Market are Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis Inc., Docklight Brands, Inc., Maricann Inc., Tilray, Inc., GW Pharmaceuticals plc, VIVO Cannabis Inc., Cresco Labs, Inc.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 3.90 Billion |
| Market Size by 2032 | USD 15.08 Billion |
| CAGR | CAGR 16.22% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Source (Hemp, Marijuana) • by Type (Edibles, Oil & Extracts, Personal Care Products, Smoke & Vape Products, Supplements, Other) • by Distribution Channel (Offline Store, Online Stores) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis Inc., Docklight Brands, Inc., Maricann Inc., Tilray, Inc., GW Pharmaceuticals plc, VIVO Cannabis Inc., Cresco Labs, Inc. |
| Key Drivers | •The legitimization of CBD creation in various countries all over the planet. |
| Market Opportunities | •Worked on financial relations between various countries. |
Ans: Source, Type, and Distribution Channel segments are covered in the CBD-Infused Confectionery Market.
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: North America has the biggest offer in the CBD-Infused Confectionery market.
Ans: The legitimization of CBD creation in various countries all over the planet and working on financial relations between various countries are the elements driving and resulting in opportunities for the CBD-Infused Confectionery market.
Ans: The Global CBD-Infused Confectionery Market Size is expected to reach USD 15.08 billion by 2032, and grow at a CAGR of 16.22% over the forecast period 2024-2032.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global CBD-Infused Confectionery Market segmentation, by Source
8.1 Hemp
8.2 Marijuana
9. Global CBD-Infused Confectionery Market segmentation, by Type
9.1 Edibles
9.1.1 Confectionery Products
9.1.2 Bakery Products
9.1.3 Beverages
9.1.4 Coffee & Tea Products
9.1.5 Other Edible Products
9.2 Oil & Extracts
9.2.1 Personal Care Products
9.2.2 Skincare Products
9.2.3 Haircare Products
9.2.4 Deodorants and Perfumes
9.2.5 Other Personal Care Products
9.3 Smoke & Vape Products
9.3.1 Supplements
9.3.2 Other CBD Products
10. Global CBD-Infused Confectionery Market Segmentation, by Distribution Channel
10.1 Offline Store
10.1.1 Dispensary
10.1.2 Pharmacies
10.1.3Natural Health Foods Store
10.1.4 Other Stores
10.2 Online Stores
11. Global CBD-Infused Confectionery Market, by region/ country
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company profiles
12.1 Canopy Growth Corporation
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.2 Aphria, Inc.
12.3 Aurora Cannabis Inc.
12.4 Docklight Brands, Inc.
12.5 Maricann Inc.
12.6 Tilray, Inc.
12.7 GW Pharmaceuticals plc
12.8 VIVO Cannabis Inc.
12.9 Cresco Labs, Inc.
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusio
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