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Pulished Date August, 2021
ID: 9949
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CBD Gummies Market by Concentration (Low, High), By Distribution Channel (Offline, Online), and Region, Market Share, Forecast Data, In-Depth Analysis, Detailed Overview, and Forecast, 2021-2026

Pulished: August, 2021
ID: 9949
Pages: 140

CBD Gummies Market Trends and Growth Report 2021-2026:

CBD Gummies Market was anticipated at USD 998.2 billion in 2018 and is estimated to experience a reasonable growth rate (CAGR) of 31.9% throughout the foreseen period (2021-2026).

Cannabidiol (CBD) is extracted from the cannabis plant. It does not cause a state of euphoria like tetrahydrocannabinol (THC) or marijuana. CBD sweets are widely used to reduce depression and anxiety. CBD candies are also most popular among all the edibles available. These edibles have a low THC content and a high concentration of cannabidiol. It is important to note that while consumers can consume enough CBD Gummies to compromise health, consuming too much CBD can make you feel low. Several studies have also shown that CBD can cause fatigue, diarrhea, and appetite changes in some consumers. However, consumers claim that gummy and edibles with CBD are incredibly effective in controlling stress and anxiety.

Recent Developments

In April 2020, Medterra CBD has launched Functional CBD Sweets, which combines 25 mg of pure Medterra CBD with premium ingredients and is THC-free. The new line includes an attractive range of products to encourage manufacturers to focus on their sales. As a result, there has been an increase in the display of CBD products on online platforms in Europe.

Puration, Inc. (USOTC: PURA) released an update on CEO Brian Shibley's CBD business takeover campaign. The company launched the campaign in January this year and subsequently secured a $ 5 million investment to support the campaign in February.

In July 2019, Tilray acquired Smith & Sinclair to develop CBD-infused groceries. British company Smith & Sinclair makes alcoholic sweets, edible flavors and other unique cocktails. The deal gives Canadian marijuana company Tilray another way to differentiate itself.

Market Drivers and Restraints:

An increase in the legalization of cannabis for medical and recreational purposes is an important factor supporting the demand for cannabidiol gummies (CBD). No trace of tetrahydrocannabinol (THC) content in the product is expected to further stimulate demand from consumers interested in this product for medical purposes. CBD sweets are not psychotropic, which means that sweets will not elevate consumers because they do not contain THC. The increase in the use of cannabis for the treatment of neurological disorders, psychiatric disorders and cancer, as well as pain control, is expected to boost demand for CBD sweets. A diverse cannabis application is expected to translate into a significant growth opportunity for the market in the coming years.

Cannabis users are looking for alternatives to smoking cannabis, which is expected to drive demand for candy, tinctures and gummy chocolates, among other edibles. Under the 4As, 36% of CBD consumers use edibles. CBD candies should replace other consumables, such as chocolates, cookies, brownies, and candies that are not considered healthy. Also, according to FONA International, CBD Gummies was the third most popular Google food search in 2018. Additionally, CBD demand for Gummies is primarily due to millennials. Transport and consumption of the product should bode well for demand. A lack of THC in the product is also expected to support demand. Consuming CBD Gummies for anxiety, depression, pain, inflammation and sleep-inducing is expected to fuel market growth. The long-lasting effect of groceries on tobacco is also believed to stimulate demand. Three-quarters of the participants associate CBD consumption with at least one health benefit.

Market Segmentation:

By concentration, the CBD Gummies market is divided into low and high concentrated products. The demand for high CBD Gummies is estimated to grow strongly during the forecast period. Patients with epilepsy, sleep disorders, schizophrenia, and glaucoma are the main consumers of highly concentrated CBD Gummies that contain more than 20 mg of CBD per gum. Growing consumer awareness of the benefits of edible marijuana products for the treatment of sleep disorders is expected to fuel the growth of the segment in the near future. Low concentration CBD Gummies estimated to be the largest segment in 2018. New buyers prefer low strength candies ranging from 1mg to 20mg CBD per Gummies. Uncertainty and side effects such as fatigue, diarrhea, and changes in appetite and weight with high CBD consumption are expected to drive demand for low-resistance products. The low price is also expected to increase consumer demand, buying CBD Gummies for general health, socializing and beginner purposes. Increasing popularity among millennials is expected to further boost demand in the near future.

By distribution channel, the market is segmented online and offline. Regular consumers of CBD Gummies prefer online shopping because of its ease of use. In addition, the main players operating in the market are focusing on a strategy of direct sales to the consumer to increase transparency and confidence and obtain a greater consumer base. This factor should positively influence the growth of the segment in the coming years. Consumers are more inclined to use offline stores, such as smoke and headwear stores, health stores, pharmacies, and cannabis dispensaries where the sale of cannabis is legal. Consumers prefer offline stores to buy genuine, quality products. Retail pharmacies offer CBD Gummies with a specific prescription. Leading manufacturers are focusing on retail pharmacies as the preferred distribution channel due to the easy availability of products for consumers.

Impact of covid-19 on CBD Gummies Market

The Covid-19 pandemic had a great negative influence on the food & beverage sector and all its associated business such as CBD gummies. The shutdown of manufacturing units and disrupted distribution networks has resulted in the declined sales of CBD gummies in the international marketplace. The trend is likely to continue in future with the growing consumer awareness about healthy foods to increase immunity.

Online grocery shopping has grown significantly during the pandemic. Smallholders have adopted digital technologies as a way to sell their products directly, and community-supported agriculture and direct sales distribution systems are on the rise during the coronavirus pandemic.

Regional Analysis:

The global CBD Gummies market has been categorized based on geography into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. North America is estimated to be the fastest and largest market for CBD gummies. Legalizing the use of cannabis for medical and recreational purposes is a major driver of regional demand. Canada legalized the use of cannabis for recreational and medical purposes in 2018. Publicly available medicinal cannabis, resulting in further launch of new products in the region. Market players are focused on introducing new products and expanding their product portfolio. These products are gluten-free, vegan, and non-GM. Europe is also expected to experience significant growth during the forecast period, due to the increase in the number of cannabis users. In Europe, the UK is estimated to be the fastest growing market in due to increasing demand for products. New companies are entering the market to meet the growing demand for CBD-infused groceries. For example, in 2019, Pollen, a new brand of CBD, was launched in the UK, offering luxury products like CBD Gummies, beverage drops, and fizzy drinks. The increasing demand from Australia and Uruguay due to the legalization of recreational and medicinal cannabis and the willingness of consumers to try new CBD-infused edibles is expected to positively influence growth in the rest of the segment.

Leading Company

CV Sciences had the largest share of the CBD Gummies Market in terms of sales and revenue in 2018.

Key Players

The global CBD Gummies Market is concentrated with leading players such as Premium Jane, CV Sciences, Diamond CBD, Pure Kana, Hemp Bombs, Medix CBD, Green Roads CBD, Sunday Scaries, Reliva CBD Wellness, and Dixie Brands Inc.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 CBD Gummies Market, By Concentration                      

                                6.1.1 Low            

                                6.1.2 High           

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 CBD Gummies Market, By Distribution Channel                         

                                6.2.1 Offline      

                                6.2.2 Online       

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Concentration 

                                7.2.3 By Distribution Channel     

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Concentration 

                                7.3.3 By Distribution Channel     

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Concentration 

                                7.4.3 By Distribution Channel     

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Concentration 

                                7.5.3 By Distribution Channel     

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Concentration 

                                7.6.3 By Distribution Channel     

8. Key Player Analysis                                    

                8.1 Premium Jane                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 CV Sciences                

                8.3 Diamond CBD                            

                8.4 Pure Kana                   

                8.5 Hemp Bombs                             

                8.6 Medix CBD                  

                8.7 Green Roads CBD                    

                8.8 Sunday Scaries                          

                8.9 Reliva CBD Wellness               

                8.10 Dixie Brands Inc                      

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Application and region along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global CBD Gummies Market By Region, From 2021-2026 ( USD Billion )
  2. Global CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  3. Global Low Market By Region, From 2021-2026 ( USD Billion )
  4. Global High Market By Region, From 2021-2026 ( USD Billion )
  5. Global CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  6. Global Offline Market By Region, From 2021-2026 ( USD Billion )
  7. Global Online Market By Region, From 2021-2026 ( USD Billion )
  8. North America CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  9. North America Low Market By Region, From 2021-2026 ( USD Billion )
  10. North America High Market By Region, From 2021-2026 ( USD Billion )
  11. North America CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  12. North America Offline Market By Region, From 2021-2026 ( USD Billion )
  13. North America Online Market By Region, From 2021-2026 ( USD Billion )
  14. United States CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  15. United States CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  16. Canada CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  17. Canada CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  18. Europe CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  19. Europe Low Market By Region, From 2021-2026 ( USD Billion )
  20. Europe High Market By Region, From 2021-2026 ( USD Billion )
  21. Europe CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  22. Europe Offline Market By Region, From 2021-2026 ( USD Billion )
  23. Europe Online Market By Region, From 2021-2026 ( USD Billion )
  24. U.K. CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  25. U.K. CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  26. Germany CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  27. Germany CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  28. France CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  29. France CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  30. Italy CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  31. Italy CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  32. Spain CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  33. Spain CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  34. Asia Pacific CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  35. Asia Pacific Low Market By Region, From 2021-2026 ( USD Billion )
  36. Asia Pacific High Market By Region, From 2021-2026 ( USD Billion )
  37. Asia Pacific CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  38. Asia Pacific Offline Market By Region, From 2021-2026 ( USD Billion )
  39. Asia Pacific Online Market By Region, From 2021-2026 ( USD Billion )
  40. Japan CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  41. Japan CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  42. China CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  43. China CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  44. India CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  45. India CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  46. Australia CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  47. Australia CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  48. South Korea CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  49. South Korea CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  50. Latin America CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  51. Latin America Low Market By Region, From 2021-2026 ( USD Billion )
  52. Latin America High Market By Region, From 2021-2026 ( USD Billion )
  53. Latin America CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  54. Latin America Offline Market By Region, From 2021-2026 ( USD Billion )
  55. Latin America Online Market By Region, From 2021-2026 ( USD Billion )
  56. Brazil CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  57. Brazil CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  58. Argentina CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  59. Argentina CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  60. Mexico CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  61. Mexico CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  62. Rest of Latin America CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  63. Rest of Latin America CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  64. Middle East and Africa CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  65. Middle East and Africa Low Market By Region, From 2021-2026 ( USD Billion )
  66. Middle East and Africa High Market By Region, From 2021-2026 ( USD Billion )
  67. Middle East and Africa CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  68. Middle East and Africa Offline Market By Region, From 2021-2026 ( USD Billion )
  69. Middle East and Africa Online Market By Region, From 2021-2026 ( USD Billion )
  70. Middle East CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  71. Middle East CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )
  72. Africa CBD Gummies Market By Concentration, From 2021-2026 ( USD Billion )
  73. Africa CBD Gummies Market By Distribution Channel, From 2021-2026 ( USD Billion )

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