Market Overview:
CBD-based products have risen remarkably due to public efforts to legalize marijuana for medicinal and recreational uses. CBD sales have struggled for regulatory attention in numerous developed countries, particularly the United States. Most of them do not have tetrahydrocannabinol (THC) content. This is the popular ingredient in cannabis responsible for activating cannabinoid receptors and has consequently been linked to harmful health effects. For example, because of their non-psychotropic effects, CBD gums have gained steam among consumers. CBD gummies are candies that contain cannabidiol oil. They come in a variety of colors, shapes, and flavors with a concentration of CBD. CBD gums are not psychotropic, which means they don't contain tetrahydrocannabinol (THC). These dummies are used to relieve anxiety, depression, pain, inflammation, and induce sleep. The legalization of cannabis for medicinal and recreational purposes has increased the demand for CBD gummies. Cannabis is also used to treat neurological disorders and cancer. The growing spectrum of medical uses of CBD gummies such as neurological disorders, psychiatric disorders, and cancer therapeutics. CBD gummies are also used as an alternative to smoking cannabis.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Premium Jane (United States), CBD American Shaman (United States), Reliva CBD Wellness (United States), Sunday Scaries (United States), Dixie Brands Inc. (United States), Plus Products Inc. (United States), Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), Pure Kana (United States) and CV Sciences Inc. (United States) |
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 |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies 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.
Key Vendors of CBD Gummies Market Study:
Premium Jane (United States), CBD American Shaman (United States), Reliva CBD Wellness (United States), Sunday Scaries (United States), Dixie Brands Inc. (United States), Plus Products Inc. (United States), Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), Pure Kana (United States) and CV Sciences Inc. (United States)
CBD Gummies Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Pharmaceutical, Food and Other |
Type | Organic and Non Organic |
Distribution Channel | Online Sales,Offline Sales |
Concentration | High,Low/ Concentrated |
Influencing Trend:
Emerging Direct-To-Consumer Sales Strategies and An Increase in the Awareness of Consumers Can Replace the Demand for Unhealthy Confectionaries
Market Growth Drivers:
A Rapid Flux of CBD Gummies in Developed Regions, The Growing Demand for Healthy Confectionaries, The Increase of Cannabis in the Treatment and Legalization of Cannabis and Increasing Awareness about the Health Advantages of Cannabis
Challenges:
The Effects of Products and Availability of Substitute Products
Restraints:
High Cost of the CBD Products and Presence of Stringent Regulations
Opportunities:
Stirring Research Funding On CBD Gummies to Treat Sleeping Disorders and Extensive Research and Development Activities to Test the Medical Properties of Marijuana
Some of the other players that are also part of study are Green Roads CBD (United States) and Medix CBD (United States). The Global CBD Gummies market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In March 2022, via NewMedia Wire NextEvo Naturals a premium supplement brand focused on revolutionizing the delivery of nutritional compounds, announced today the launch of its great-tasting Premium Pure Cannabidiol (CBD) Gummies with hemp extract.
In 2019, Plus Products Inc., a California-based edibles company, entered into a partnership with a mattress startup company Casper so as to introduce melatonin and CBD-infused sleep gummies. The company had also partnered with American artist and philanthropist John Legend for the purpose of promoting the products.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global CBD Gummies 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 into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in CBD Gummies market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the 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 Manufacturers of CBD Gummies, Suppliers and Distributors of CBD Gummies, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others.
This helps us to gather the data for the 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 include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.