Industry Background:
Cannabidiol (CBD) is one of the phytochemicals found in the Cannabis sativa plant. Unlike THC, CBD does not make the consumer feel high. CBD oil is derived from resins, flowers, and leaves of the cannabis plant. CBD oil is most commonly used to make a tincture, snacks, edibles, and other products of CBD. The CBD-infused snacks are available in a variety of forms, ranging from protein bars to popcorn. These CBD snacks offer non-psychotic and therapeutic benefits to the consumer.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Evo Hemp (United States), Green Roads (United States), Dixie Brands Inc. (United States), ZBD (United States), Pure Kana (United States), LivityFoods LLC (United States), Naturebox (United States), VELOBAR (United States) and Just CBD (United States) |
According to AMA, the market for CBD Snack is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Increasing urbanization and industrialization have resulted in busy and hectic lifestyles and legalization of cultivation of cannabis in developed countries.
Globally, a noticeable market trend is evident COVID-19 Pandemic’s Effects to Boost the Growth of the Market
The Food Products sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Evo Hemp (United States), Green Roads (United States), Dixie Brands Inc. (United States), ZBD (United States), Pure Kana (United States), LivityFoods LLC (United States), Naturebox (United States), VELOBAR (United States) and Just CBD (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global CBD snacks market is highly competitive and has a massively fragmented scenario. This landscape of the global CBD snacks market is the result of a growing number of emerging players in the market across the globe. However, due to this scenario, the new players are unable to enter the global CBD snacks market during the tenure of 2015 to 2025. Tier one companies are focusing on research and development to increase the sustainability of the food products
Key Developments in the Market:
In February , 2022 Flora Growth Corp., a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, announced today that it has acquired 100% of the equity interests in each of Just Brands LLC (“Just Brands”) and High Roller Private Label LLC for cash consideration of US USD 16.0 million and 9.5 million privately issued Flora common shares, subject to certain potential future adjustments. Just Brands and High Roller are the owners of the JustCBD brand and associated operations
In December 2018, Weller, a leading CBD-infused food and beverage product manufacturer, has launched its CBD Coconut Bites, available in Dark Chocolate, Caramel and Original flavor varieties
Influencing Trend:
COVID-19 Pandemic’s Effects to Boost the Growth of the Market and The rising health benefits of CBD-infused products
Market Growth Drivers:
Increasing urbanization and industrialization have resulted in busy and hectic lifestyles and legalization of cultivation of cannabis in developed countries
Challenges:
Intense regulatory frameworks guiding production
Restraints:
some of the countries have strict regulations and also banned the use of CBD-based products
Opportunities:
Developing Food and Beverages Industry to Propel the Growth and The increasing R&D on cannabis in the medical therapeutics field
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in CBD Snack Market
- Analysis about New Entrants in CBD Snack Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, CBD Snack Study Sheds Light on
The CBD Snack Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the CBD Snack industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where CBD Snack industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.