A cannabis edible is also known as cannabis-infused food, which is a food product that contains cannabinoids, particularly tetrahydrocannabinol (THC). Most edibles have a significant amount of THC, which can induce a wide range of effects, such as relaxation, euphoria, fatigue, increased appetite, and anxiety. THC-dominant edibles are also consumed for recreational as well as medical purposes. Some of the edibles contain a negligible quantity of THC also are instead dominant in other cannabinoids, most commonly cannabidiol (CBD). These edibles are usually used for medical purposes only.
MARKET DYNAMICS
The cannabis edibles market has witnessed significant growth owing to factors such as rising consumer preference for baked food and other confectionaries with different and unique ingredients & flavors. Manufacturers are offering a variety of products containing cannabis, such as baked goods, confectionaries, beverages, spreads, oil, and others. And the easy availability of these products through both offline and online retailing is influencing the market growth. However, there are some regulations upon these products that may impact the growth of the cannabis edibles market. Nevertheless, with the steady growth in the food processing industry and e-commerce sector, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Cannabis Edibles 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 cannabis edibles market with detailed market segmentation by type, distribution channel, and geography. The global cannabis edibles market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cannabis edibles market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cannabis edibles market is segmented on the basis of type, and distribution channel. The cannabis edibles market on the basis of the type is classified into baked goods, confectionaries, beverages, spreads, and others. On the basis of distribution channel, global cannabis edibles market is bifurcated into supermarkets & hypermarkets, specialty stores, online retail, and others.
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 cannabis edibles market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cannabis edibles 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 cannabis edibles market from both demand and supply side and further evaluates market dynamics affecting the market during 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 cannabis edibles market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cannabis edibles market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cannabis edibles 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 cannabis edibles market from both demand and supply side and further evaluates market dynamics affecting the market during 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 cannabis edibles market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global cannabis edibles market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cannabis edibles market are anticipated to lucrative growth opportunities in the future with the rising demand for cannabis edibles in the global market. Below mentioned is the list of few companies engaged in the cannabis edibles market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cannabis edibles 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.
- Aurora Cannabis Inc.
- Canopy Growth Corporation
- CBD American Shaman LLC
- CBD Biotechnology Co. Ltd
- Dixie Brands Inc.
- Endoca BV
- Incredible Edibles, LLC.
- Isodiol International Inc
- Medical Marijuana Inc.
- NuLeaf Naturals, LLC
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cannabis Edibles Market - By Type
1.3.2 Cannabis Edibles Market - By Distribution Channel
1.3.3 Cannabis Edibles Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CANNABIS EDIBLES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CANNABIS EDIBLES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CANNABIS EDIBLES MARKET - GLOBAL MARKET ANALYSIS
6.1. CANNABIS EDIBLES - GLOBAL MARKET OVERVIEW
6.2. CANNABIS EDIBLES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CANNABIS EDIBLES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BAKED GOODS
7.3.1. Overview
7.3.2. Baked Goods Market Forecast and Analysis
7.4. CONFECTIONARIES
7.4.1. Overview
7.4.2. Confectionaries Market Forecast and Analysis
7.5. BEVERAGES
7.5.1. Overview
7.5.2. Beverages Market Forecast and Analysis
7.6. SPREADS
7.6.1. Overview
7.6.2. Spreads Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. CANNABIS EDIBLES MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. CANNABIS EDIBLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cannabis Edibles Market Overview
9.1.2 North America Cannabis Edibles Market Forecasts and Analysis
9.1.3 North America Cannabis Edibles Market Forecasts and Analysis - By Type
9.1.4 North America Cannabis Edibles Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Cannabis Edibles Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cannabis Edibles Market
9.1.5.1.1 United States Cannabis Edibles Market by Type
9.1.5.1.2 United States Cannabis Edibles Market by Distribution Channel
9.1.5.2 Canada Cannabis Edibles Market
9.1.5.2.1 Canada Cannabis Edibles Market by Type
9.1.5.2.2 Canada Cannabis Edibles Market by Distribution Channel
9.1.5.3 Mexico Cannabis Edibles Market
9.1.5.3.1 Mexico Cannabis Edibles Market by Type
9.1.5.3.2 Mexico Cannabis Edibles Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Cannabis Edibles Market Overview
9.2.2 Europe Cannabis Edibles Market Forecasts and Analysis
9.2.3 Europe Cannabis Edibles Market Forecasts and Analysis - By Type
9.2.4 Europe Cannabis Edibles Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Cannabis Edibles Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cannabis Edibles Market
9.2.5.1.1 Germany Cannabis Edibles Market by Type
9.2.5.1.2 Germany Cannabis Edibles Market by Distribution Channel
9.2.5.2 France Cannabis Edibles Market
9.2.5.2.1 France Cannabis Edibles Market by Type
9.2.5.2.2 France Cannabis Edibles Market by Distribution Channel
9.2.5.3 Italy Cannabis Edibles Market
9.2.5.3.1 Italy Cannabis Edibles Market by Type
9.2.5.3.2 Italy Cannabis Edibles Market by Distribution Channel
9.2.5.4 United Kingdom Cannabis Edibles Market
9.2.5.4.1 United Kingdom Cannabis Edibles Market by Type
9.2.5.4.2 United Kingdom Cannabis Edibles Market by Distribution Channel
9.2.5.5 Russia Cannabis Edibles Market
9.2.5.5.1 Russia Cannabis Edibles Market by Type
9.2.5.5.2 Russia Cannabis Edibles Market by Distribution Channel
9.2.5.6 Rest of Europe Cannabis Edibles Market
9.2.5.6.1 Rest of Europe Cannabis Edibles Market by Type
9.2.5.6.2 Rest of Europe Cannabis Edibles Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cannabis Edibles Market Overview
9.3.2 Asia-Pacific Cannabis Edibles Market Forecasts and Analysis
9.3.3 Asia-Pacific Cannabis Edibles Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Cannabis Edibles Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Cannabis Edibles Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cannabis Edibles Market
9.3.5.1.1 Australia Cannabis Edibles Market by Type
9.3.5.1.2 Australia Cannabis Edibles Market by Distribution Channel
9.3.5.2 China Cannabis Edibles Market
9.3.5.2.1 China Cannabis Edibles Market by Type
9.3.5.2.2 China Cannabis Edibles Market by Distribution Channel
9.3.5.3 India Cannabis Edibles Market
9.3.5.3.1 India Cannabis Edibles Market by Type
9.3.5.3.2 India Cannabis Edibles Market by Distribution Channel
9.3.5.4 Japan Cannabis Edibles Market
9.3.5.4.1 Japan Cannabis Edibles Market by Type
9.3.5.4.2 Japan Cannabis Edibles Market by Distribution Channel
9.3.5.5 South Korea Cannabis Edibles Market
9.3.5.5.1 South Korea Cannabis Edibles Market by Type
9.3.5.5.2 South Korea Cannabis Edibles Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Cannabis Edibles Market
9.3.5.6.1 Rest of Asia-Pacific Cannabis Edibles Market by Type
9.3.5.6.2 Rest of Asia-Pacific Cannabis Edibles Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cannabis Edibles Market Overview
9.4.2 Middle East and Africa Cannabis Edibles Market Forecasts and Analysis
9.4.3 Middle East and Africa Cannabis Edibles Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Cannabis Edibles Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Cannabis Edibles Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cannabis Edibles Market
9.4.5.1.1 South Africa Cannabis Edibles Market by Type
9.4.5.1.2 South Africa Cannabis Edibles Market by Distribution Channel
9.4.5.2 Saudi Arabia Cannabis Edibles Market
9.4.5.2.1 Saudi Arabia Cannabis Edibles Market by Type
9.4.5.2.2 Saudi Arabia Cannabis Edibles Market by Distribution Channel
9.4.5.3 U.A.E Cannabis Edibles Market
9.4.5.3.1 U.A.E Cannabis Edibles Market by Type
9.4.5.3.2 U.A.E Cannabis Edibles Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Cannabis Edibles Market
9.4.5.4.1 Rest of Middle East and Africa Cannabis Edibles Market by Type
9.4.5.4.2 Rest of Middle East and Africa Cannabis Edibles Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cannabis Edibles Market Overview
9.5.2 South and Central America Cannabis Edibles Market Forecasts and Analysis
9.5.3 South and Central America Cannabis Edibles Market Forecasts and Analysis - By Type
9.5.4 South and Central America Cannabis Edibles Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Cannabis Edibles Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cannabis Edibles Market
9.5.5.1.1 Brazil Cannabis Edibles Market by Type
9.5.5.1.2 Brazil Cannabis Edibles Market by Distribution Channel
9.5.5.2 Argentina Cannabis Edibles Market
9.5.5.2.1 Argentina Cannabis Edibles Market by Type
9.5.5.2.2 Argentina Cannabis Edibles Market by Distribution Channel
9.5.5.3 Rest of South and Central America Cannabis Edibles Market
9.5.5.3.1 Rest of South and Central America Cannabis Edibles Market by Type
9.5.5.3.2 Rest of South and Central America Cannabis Edibles Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CANNABIS EDIBLES MARKET, KEY COMPANY PROFILES
11.1. AURORA CANNABIS INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CANOPY GROWTH CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CBD AMERICAN SHAMAN LLC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CBD BIOTECHNOLOGY CO. LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DIXIE BRANDS INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ENDOCA BV
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INCREDIBLE EDIBLES, LLC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ISODIOL INTERNATIONAL INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MEDICAL MARIJUANA INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. NULEAF NATURALS, LLC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aurora Cannabis Inc.
2. Canopy Growth Corporation
3. CBD American Shaman LLC
4. CBD Biotechnology Co. Ltd
5. Dixie Brands Inc.
6. Endoca BV
7. Incredible Edibles, LLC.
8. Isodiol International Inc.
9. Medical Marijuana Inc.
10. NuLeaf Naturals, LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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