About CBD Edibles
CBD edibles are food products that contain cannabinoids, especially tetrahydrocannabinol (THC). CBD is a non-intoxicating compound and it doesn't cause a high, unlike THC. These edibles are quite different from CBD oils. They are available in different flavors, strengths and formulations. CBD has various health benefits, it has been clinically proven to treat anxiety at very high doses, reduce inflammation, and treat epilepsy.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global CBD Edibles market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bhang Corporation (Canada), Aphria Inc. (Canada), Isodiol International Inc (Canada), Canopy Growth Corporation (Canada), Elixinol LLC (United States), FOLIUM BIOSCIENCES (United States), NuLeaf Naturals, LLC (United States), PharmaHemp CBD Izdelki (Slovenia), Incredible Edibles, LLC. (United States), Balance CBD (United States) and Hempeli CBD (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Organigram Holdings Inc. (Canada) and Aurora Cannabis Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global CBD Edibles market by , Application (Personal Care & Cosmetics, Pharmaceutical, Food & Beverage and Others) and Region.
On the basis of geography, the market of CBD Edibles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Process Oil will boost the CBD Edibles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Food will boost the CBD Edibles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Hemp will boost the CBD Edibles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Awareness about Health Benefits of CBD Products and Robust Increase in the Distribution Channels
Market Growth Drivers:
High Heath Benefits of CBD Edibles and Increasing Demand from the Healthcare Industry
Challenges:
Stringent Government Rules and Regulations
Restraints:
High Cost of CBD Products
Opportunities:
Increasing Global Healthcare Spending and Growing Number of Online Customers
In February 2020, Bhang Inc., a global cannabis CPG brand company with an extensive, award-winning portfolio of products, announced that its cannabis-infused milk and dark chocolates are available for sale in Canada through its joint venture with Indiva Limited.
Key Target Audience
CBD Edibles Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.