Global Cannabis-infused Edible Products Market Overview:
Over the past couple of decades, cannabis and cannabis-based products are being legalized in various geographic locations such as the United States. This has led to upsurge the social acceptance of cannabis products. Since cannabis products which are used for smoking have many side effects thus the demand for edibles manufactured from the cannabis has been escalated. Cannabis infused edible products which are also known as cannabis edibles comprise of liquid edible or a drinkable. It contains cannabinoid compounds such as cannabidiol (CBD) and tetrahydrocannabinol (THC). However, due to lack of awareness in the underdeveloped region might hinder business growth.
As per latest study released by AMA Research, the Global Cannabis-infused Edible Products market is expected to see growth rate of 27.62% and may see market size of USD3084.69 Million by 2028.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Adoption in Treatment for Nausea, Loss of Appetite, Severe Pain, and Discomfort and Growing Applications of Cannabis-infused Edibles in Food Products
Market Growth Drivers:
These Edibles are Major Source of Vitamins, Minerals, and Fibers and Increasing Uses of Cannabis Edibles in Protecting Stress and Other Damages
Challenges:
Stringent Government Regulations on the production of Cannabis Infusion and Increasing Instances of Mislabeling Edible Marijuana Products
Restraints:
Numerous Side Effects with respect to Excessive Consumption of Cannabis Infused Edibles
Opportunities:
Escalated Demand for Edibles Since it is one of the Healthy Alternative to Smoking and Growing Awareness about Cannabis Products across the Developing Economies
Competitive Landscape:
Some of the key players profiled in the report are Baked Bros (United States), Bhang Corporation (United States), Cannabis Energy Drink (Netherlands), Canopy Growth Corporation (Canada), Dixie Brands Inc (United States), HEINEKEN Company (Netherlands), KANEH CO (United States), KIVA CONFECTIONS (United States), Kaya Holdings, Inc. (United States), Koios Beverage Corp. (Canada), LOL Edibles (United States) and Lord Jones (United States). The Vendors having a strong hold in the market are Baked Bros, Bhang Corporation, Cannabis Energy Drink, Canopy, Dixie Brands Inc, and HEINEKEN Company. Additionally, following companies can also be profiled that are part of our coverage like Medically Correct LLC. (United States), Mentor Capital, Inc.(United States), NightFood Holdings, Inc. (United States), Organigram Holdings Inc. (Canada) and Plus Products (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Cannabis-infused Edible Products market by 2028. Considering Market by Raw Material, the sub-segment i.e. Hemp CBD Oil will boost the Cannabis-infused Edible Products market. Considering Market by Distribution, the sub-segment i.e. Offline Mode will boost the Cannabis-infused Edible Products market. Considering Market by Source, the sub-segment i.e. Inorganic will boost the Cannabis-infused Edible Products market.
Latest Market Insights:
In 2023, Bhang Inc.is pleased to announce that, in accordance with its press release dated March 6, 2023, it has entered into a share purchase agreement (the "Agreement") with 1352135 B.C. Ltd. ("BC Corp.") to gain access to minor-cannabinoid, cannabis, THC, and psychedelic-related patents and intellectual property critical to expanding Bhang's portfolio beyond chocolate and edible cannabis brands.
According to the National Environmental Health Association, in 2015, 9.5% of adults and 23.7% of youth self-reported using cannabis at least once in the past year (Hasin et al., 2015). With the increased legalization of medicinal and recreational cannabis, the rates of adult and youth use across states are expected to increase. Additionally, while public perception and cultural trends continue to evolve, the range of cannabis-infused products, in the form of edibles, has seen tremendous growth. In 2014, Colorado sold over 1.96 million units of medicinal edibles and 2.85 million units of recreational edibles, representing 45% of their total sales.
The Center for Disease Control and Prevention (CDC) issued a warning highlighting the dangers of ingesting marijuana in 2015. According to a 2013 study, it was estimated that 19.8 million people used marijuana making it the second leading recreation drug in the country behind alcohol. The CDC warns its users that consuming multiple servings of cannabis edibles in close successions could lead to a higher level of intoxication and a greater risk for psychological side effects which can severely impact judgment.
What Can be Explored with the Cannabis-infused Edible Products Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cannabis-infused Edible Products Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cannabis-infused Edible Products
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cannabis-infused Edible Products market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cannabis-infused Edible Products market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cannabis-infused Edibles Manufacturers, Cannabis Edibles Distributors and Traders, Marijuana Producers, Cannabis Industry Association, Government Regulatory Authorities, Research and Development Institutes, Food and Beverage Industry Associations, Pharmaceutical Industry Associations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.