We are monitoring the impact of COVID-19 on North America CBD Gummies Market Get in touch with us for detailed analysis Know More
Pulished Date September, 2021
ID: 12201
Share on
Share on

North America CBD Gummies Market by Concentration (Low, High), By Distribution Channel (Offline, Online), and By Region- Growth, Size, Share, Trends, Impact of COVID-19 and Forecast (2021-2026)

Pulished: September, 2021
ID: 12201
Pages: 140

North America CBD Gummies Market Trends Size Share 2021-2026:

North America CBD Gummies Market was worth USD XX million in 2020, so it is anticipated to grow at USD XX million by 2026, growing at a CAGR of XX%. CBD gummies are used to treat anxiety, depression, pain, inflammation and help people fall asleep. The increased demand from consumers in cannabis consumables and the variety of applications for cannabis are driving the industry's expansion. In addition, CBD edibles are in greater demand as people seek alternatives to smoking cannabis.

Recent Developments 

  1. Tilray bought Smith & Sinclair in July 2019 to create CBD-infused foods. Smith & Sinclair, a British company, makes alcoholic sweets, flavorings, and other specialty cocktails. Tilray now has a new way to stand out in the marijuana industry, owing to the agreement.
  2. Charlotte's Web will reveal new hemp CBD gummies in September 2021. Charlotte's Web, Inc., a global leader in full-spectrum hemp extract quality healthcare products, has introduced three new Charlotte's Web Gummies.

Market Growth

Drivers

Another factor driving the market is rising consumer understanding about the various health advantages of CBD gummies, such as pain relief, improved sleeping patterns, and enhanced stress management. A changing customer preference for CBD-infused sweets, such as CBD gummies, is attributed to the increased occurrence of respiratory diseases associated with cannabis smoking. CBD gummies' non-psychotropic qualities, which reduce the possibility of drug-induced sensations in users, also drive up the supplement's popularity. Furthermore, the advent of gluten-free, vegan, sugar-free, and organic CBD candies made from non-GMO hemp plants boosts the industry. CBD gummies may become more popular if customers become more enlightened about the benefits of hemp-derived cannabidiol. Tobacco products had seen a significant increase in popularity when they were made without THC. Instead of unhealthy treats like chocolates, cookies, brownies, and other candies, CBD candies should be the go-to option.

Additionally, as per FONA International, CBD Gummies were the third most popular food search on Google in 2018. Millennials are also driving the CBD gummies market. The product's transportation and use should help demand.

Restraints

The impacts of commodities and the availability of substitutes limit the growth of the North America CBD gummy market.

Market Segmentation

The North America CBD Gummies Market is segmented based on Concentration and Distribution Channel. 

By Concentration

  • Low
  • High

The market can be categorized into low and high concentrated products. There is an increase in demand for CBD Gummies with a high CBD level during the forecast timeframe. CBD Gummies containing high concentrations of CBD, such as those used to treat epilepsy, sleep problems, schizophrenia, and glaucoma, are popular among those with these conditions. Rising consumer understanding of the advantages of edible marijuana remedies for treating sleep problems is projected to propel the segment's expansion in the coming years. New customers prefer CBD Gummies with a lower CBD concentration, such as 1mg to 20mg per Gummy. Unpredictability and risk factors like weariness, diarrhea, and changes in appetite and body weight with high CBD use are predicted to boost the development of low concentration products. Purchasing CBD Gummies for general health, socializing, and as a beginning, the low price is expected to stimulate customer needs due to the low price. In addition, the rising popularity of millennials is projected to increase demand shortly.

By Distribution Channel 

  • Offline
  • Online

The market may be divided into online and offline.

CBD Gummies are frequently purchased online because of their convenience. Other key market competitors are working on strategies such as direct sales to customers to improve transparency, build trust, and gain a more extensive customer base. In the following years, this element should have a beneficial impact on segment growth. It's no surprise that customers prefer buying their cannabis from dispensaries and other places that allow the selling of the drug. Genuine, high-quality products are more commonly purchased from offline retailers than online retailers. CBD Gummies are available from retail pharmacies with a prescription for them. Retail pharmacies are a favored distribution channel for industry leaders because the customer can quickly access their items.

Regional Analysis

In 2020, 62.0 percent of the global market was accounted for by North America. The legalization of cannabis for purported health benefits in the United States is one of the main drivers driving the CBD gummy market. Companies are introducing new fruit-flavored goods made entirely of natural components, with no added dyes or chemicals. In addition, the businesses manufacture health-improving items. CBD gummies for insomnia, stress, and depression are high on the priority list for producers. For example, Charlotte's Web introduced Calm Gummies, which comprises L-theanine and lemon balm to help relieve stress and concentrate on peace.

Impact of COVID-19 on North America CBD Gummies Market

Chemical and materials companies are experiencing substantial disruptions due to the outbreak, including interruptions to their distribution networks, cancellations of technological events, and closures of their facilities. Multiple North American plants and factories shutdown affected the global distribution network. Moreover, several businesses have cautioned that items shipments may be delayed, and future sales of their items may suffer. It is predicted that the CBD Gummies market would expand at a healthy rate throughout the forecast timeframe, led by the improving economy in North America. However, unexpected conditions, such as the third and subsequent waves, impose a gloomy outlook.

Key Players

Major Players in the North America CBD Gummies Market are 

  • Premium Jane
  • CV Sciences
  • Diamond CBD
  • Pure Kana
  • Hemp Bombs
  • Medix CBD
  • Green Roads CBD
  • Sunday Scaries
  • Reliva CBD Wellness
  • 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 (2021-2026)   

                                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 (2021-2026)   

                                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 (2021 - 2026)                            

                                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                   

  • 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. North America CBD Gummies  Market By Concentration, From 2021-2026 ( USD Billion )
  2. North America Low Market By Region, From 2021-2026 ( USD Billion )
  3. North America High Market By Region, From 2021-2026 ( USD Billion )
  4. North America CBD Gummies  Market By Distribution Channel, From 2021-2026 ( USD Billion )
  5. North America Offline Market By Region, From 2021-2026 ( USD Billion )
  6. North America Online Market By Region, From 2021-2026 ( USD Billion )
  7. United States CBD Gummies  Market By Concentration, From 2021-2026 ( USD Billion )
  8. United States CBD Gummies  Market By Distribution Channel, From 2021-2026 ( USD Billion )
  9. Canada CBD Gummies  Market By Concentration, From 2021-2026 ( USD Billion )
  10. Canada CBD Gummies  Market By Distribution Channel, From 2021-2026 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 2875

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample