CBD Infused Edible Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product Type (Pills and Capsules, Gummies, CBD Oil, Protein Bars, Chocolate, Others); Category (Organic, Conventional); Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others) and Geography
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MARKET OVERVIEW
CBD edibles are also known as cannabis-infused foods. It is a meal that contains cannabinoids, specifically tetrahydrocannabinol (THC). Cannabidiol is a chemical found in the cannabis sativa plant, which is often known as hemp or marijuana. The cannabis sativa plant contained 80 compounds known as cannabinoids. The main active element in marijuana is delta-9-tetrahydrocannabinol (THC), cannabidiol is also obtained from hemp, which contains only small amounts of THC.
MARKET SCOPE
The "Global CBD Infused Edible Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the CBD infused edible market with detailed market segmentation by product type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading CBD infused edible market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
Based on product type, the global CBD infused edible market is segmented into pills and capsules, gummies, cbd oil, protein bars, chocolate, and others.
Based on category, the market is segmented into organic and conventional.
On the basis of distribution channel, the market is segmented into supermarkets and hypermarkets, specailty stores, online retail, and others.
MARKET DYNAMICS
- Drivers
- Rising cannabis use to treat neurological conditions, mental disorders, and cancer along with pain relief is significantly driving the market growth.
- The solid nourishments offered by CBD edibles has fuelled their demand in the personal care industry which is significantly contributing to the expansion of the CBD infused edible market.
- The booming e-commerce retail positively impacting the sales of CBD Edibles is also flourishing the market growth.
- With all the promotional activities popularizing CBD edibles, it is successfully paving way into the nourishment and food industry is propelling the demand of CBD infused edible in the market.
- Restraints
- However, the ban on the use of hemp and cannabis in some countries may impede the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The CBD infused edible market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the CBD infused edible market in these regions.
IMPACT OF COVID-19 ON CBD INFUSED EDIBLE MARKET
Although the COVID-19 pandemic is still transforming the evolution of numerous industries, the outbreak's immediate impact is diverse. The impact of lockdowns, supply chain interruptions, demand destruction, and changes in customer behavior has had a substantial impact on the CBD infused edible market. The global food and beverages industry are one of the major industries that is suffering serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns, etc., as a result of this outbreak. For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries, and it is also one of the worst-affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various food ingredients and products. All these factors are anticipated to affect the food and beverages industry in a negative manner and thus act as a restraining factor for the growth of various markets related to this industry in the coming months.
The report covers key developments in the CBD infused edible market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from CBD infused edible market are anticipated to lucrative growth opportunities in the future with the rising demand for CBD infused edible in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the CBD infused edible market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- VCC BRANDS
- Aphria
- Aurora Cannabis
- Bhang Corporation
- Canopy Growth Corporation
- HEXO
- Indiva
- KIVA CONFECTIONS
- Neptune Wellness Solutions Inc.
- OrganiGram Holdings
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
