Cbd Edibles Market

Global CBD Edibles Market Size (2024 to 2029)

The global CBD Edibles Market size is expected to be worth USD $ 12.92 Billion in 2024. It is expected to grow at a CAGR of 13.6% during the forecast period and reach a value of USD $ 24.44 Billion by 2029.

CBD is also known as cannabidiol. Cannabidiol is a chemical substance that is derived from hemp or marijuana plants. CBD edibles are digestible forms of cannabidiol. This chemical substance can be infused into a mint, gummy, a beverage such as CBD tea, or other consumable products. These edibles are used in various ways as they give additional health benefits. These cannabidiol edibles are available as CBD Gummies, CBD Protein Bars, CBD dried fruits, CBD Sugar-Free Gummies, etc. The endocannabinoid system (ECS) in the body is affected by cannabinoids. CBD edibles enhance the health of the joints and cartilage, the immune system, the heart, and the mood. They also encourage positive mental health and relaxation. Additionally, cannabidiol may improve emotions of focus and ease sporadic sleeplessness. CBD is a dietary supplement that may be used daily or as required. CBD is readily available and non-intoxicating. The edibles contain cannabidiol, which supports immunological function, reproductive function, and mood and sleep control, among other functions.

The increase in popularity of CBD edibles in the millennial generation is creating opportunities for the CBD edibles market growth over the forecasting period. The influence of social media trends related to the increase in consumption of CBD edibles on various platforms like Instagram, Facebook, etc., is leading to an increase in demand for new launches of CBD edibles-based products. The increase in demand from consumers is encouraging the manufacturers to launch more products, and hence, this helps to increase the market growth for CBD Edibles. Additionally, the increase in research and development in the manufacturing sector for cannabidiol edibles is creating opportunities in the market. Additionally, rising usage of CBD edibles as nutritional supplements and increased knowledge of the antioxidant and anti-aging effects of CBD and hemp will function as significant drivers that are creating opportunities for the market's growth. 

 Global CBD Edibles Market Drivers:

The increase in the prevalence of chronic diseases associated with mental issues is one of the major driving factors for the CBD Edibles market. This is due to the health benefits offered by the consumption of cannabidiol. The consumption of cannabidiol helps to cure pain and decrease anxiety. The consumption of cannabidiol also helps to fight stress. The consumption of CBD helps to treat Epilepsy. For instance, for the treatment of Lennox-Gastaut syndrome and Dravet syndrome, two distinct types of epilepsy, cannabidiol, the first CBD-containing drug to get approved, was made available to the public in 2018. The increased adoption of traditional medication made of natural ingredients increases the demand for CBD edibles. Additionally, the consumption of CBD helps to decrease symptoms associated with cancer and side effects related to cancer treatment, including nausea and vomiting. For instance, according to the National Library of Medicine, medicinal cannabidiol is popular among people diagnosed with cancer. In addition, CBD helps to treat high blood pressure. For instance, the National Library of Medicine, for example, the National Library of Medicine reports that research from 2020, including 26 healthy males, discovered that treatment with 600 milligrams of CBD for seven days resulted in appreciable drops in blood pressure.

The increase in legalization of demand and supply of cannabidiol across the globe is fueling the growth of the CBD edibles market. The increase in the de-criminalizing of cannabidiol is additionally leveling up the demand for the CBD edibles market. The increase in new product launches based on cannabidiol is increasing the demand for cannabidiol edibles. These are the factors that are driving the growth of the CBD Edibles market.

Global CBD Edibles Market Restraints:

The increase in cost associated with the raw materials of CBD edibles is one of the major restraining factors to the CBD edibles Market growth. The increase in the cost of cannabidiol-derived products is decreasing the demand for CBD edibles. Additionally, the strict rules and regulations associated with the cultivation and manufacturing of cannabidiol and cannabidiol-derived products hinder the CBD edibles market growth. In addition, the adverse effects caused by the consumption of CBD products hamper the growth of the CBD edibles market. Some adverse effects of CBD include dry mouth, low blood pressure, dizziness, and sleepiness. High dosages of Epidiolex, the CBD medication available only by prescription, have also been linked to liver damage. Along with these side effects, there are certain drug interactions caused by consuming CBD and other drugs at the same time. These are the restraining factors to the CBD edibles market size.

Impact of COVID-19 On the CBD Edibles Market:

The pandemic had a moderate effect on the growth of the CBD edibles market. The adverse effect of a pandemic is due to the initial phase of the pandemic; there was restriction and lockdown imposed by the government to avoid the spread of the virus. This led to a decrease in the supply of raw materials to the manufacturing unit due to travel restrictions. Additionally, after that, the manufacturing units were closed because of a lack of labor and a decrease in the supply of raw materials. This led to a decrease in the production of CBD edibles. However, after the initial phase, the number of patients decreased, and the vaccine to treat the pandemic was developed. The increase in consumption of food products, including CBD Edibles, that benefit health increased after the initial phase of the pandemic. This resulted in a slight increase in demand for CBD Edibles. These are the factors that impacted the growth of the CBD Edibles market during the pandemic.

REPORT COVERAGE:

This research report on the global CBD edibles market has been segmented and sub-segmented based on type, source, distribution channel, nature, & region

Global CBD Edibles Market - By Type:

• Gummies
• Chocolate and candies
• Snacks
• Supplements 
• Beverages
• Others

Among these, the gummies segment dominates the CBD Edibles market due to the increase in demand for CBD gummies from working people and the millennial generation. As CBD gummies are infused with cannabidiol, these gummies are used by people to reduce their stress and anxiety. The increase in the prevalence of anxiety and sadness among the population is due to pressure on working people and even students. According to data published by the Anxiety and Depression Association of America (ADAA), more than 40 million persons age 18 and older in the U.S. alone suffer from anxiety disorders in 2019, making it the most prevalent mental disease in the country. This increases the demand for Gummies, increasing segmental growth. The chocolates and candies segment is expected to show the fastest CAGR growth over the forecasting period.

Global CBD Edibles Market - By Source:

• Hemp
• Marijuana

Among these, the hemp segment dominates the CBD edibles market growth. The hemp segment is expected to show its dominance in the market for CBD edibles over the forecasting period. Hemp is the main source of cannabidiol. Any part of the cannabis sativa plant is referred to as hemp. Hemp contains very little amount of tetrahydrocannabinol. The Marijuana segment is expected to show the fastest CAGR growth in the market for CBD edibles over the forecasting period.

Global CBD Edibles Market - By Distribution Channel:

• Online stores
• Supermarkets/Hypermarkets
• Specialty stores
• Others

Among these, the Online stores segment dominates the CBD Edibles market share due to the easy availability of CBD edibles across the globe. The increased legalization of cannabidiol by various governments is increasing the growth of the market. 

The Supermarket/hypermarkets segment is expected to show the fastest CAGR growth in the market for CBD edibles.

Global CBD Edibles Market - By Nature:

• Organic
• Conventional

The conventional CBD edibles market has the dominant share owing to the shifting trend towards quitting smoking with the increasing risks associated with it. The organic segment is deemed to hit the highest CAGR in the near future. 

Global CBD Edibles Market – By Region:

• North America
• Europe
• Asia-pacific
• Middle East and Africa
• Latin America

Regionally, the North American region dominates the CBD Edibles Market. The North American region is expected to show dominance in the CBD Edibles market over the forecasting period. This is due to the presence of major key players for CBD edibles across the region. Additionally, the increase in changes in lifestyles and increase in demand from the millennial generation for CBD edibles is increasing the growth of the market in the region. This is due to the increase in the prevalence of mental-related illnesses such as stress, anxiety, etc. As cannabidiol helps to decrease stress and anxiety issues, there is an increase in demand for CBD edibles. For instance, according to data published by the Anxiety and Depression Association of America, more than 40 million persons aged 18 and older in the U.S. alone suffer from anxiety disorders in 2019. These are the factors that increase the demand for CBD edibles in the North American region.

The Asia Pacific region is expected to show the fastest CAGR growth in the CBD edibles market over the forecasting period. This is due to the huge availability of raw materials required for the manufacturing of CBD edibles. This increases the demand for CBD edibles across the region. Additionally, the increase in industrialization and advancement in technology across the region is increasing the demand for the market of CBD edibles.

KEY MARKET PLAYERS:

The Major players in the CDB Edibles Market are Endoca, Isodiol International Inc., Medical Marijuana, Inc., Canopy Growth Corporation, Elixinol, Folium Biosciences, NuLeaf Naturals, LLC, PharmaHemp, Happy Hemp, The Purekana, CV Sciences, Inc., Charlotte’s Web, Aurora Cannabis, MGC Pharma, Creso Pharma.

RECENT HAPPENINGS IN THE MARKET:

In May 2022, RS Group's Lifestar introduced Krill Oil Plus CBD, its newest CBD-infused product and supplement that includes CBD under the Well U brand. This is after the production procedure passed thorough inspection by the Food and Drug Administration to guarantee the highest level of safety and quality.