Global Cannabis-infused Edible Products Market 2023-2027; Growing Social Acceptance Of Cannabis to boost the market growth – Technavio

The global cannabis-infused edible products market size is expected to grow by USD 5,638.94 million during 2023-2027, progressing at a CAGR of 19.32% as per the latest Technavio market research report. North America is estimated to account for 90% of the market’s overall growth. The growing awareness about the health benefits of cannabis will facilitate the global cannabis-infused edible products market growth in the region. The Netherlands and Germany are the key markets for cannabis-infused edible products market in the North American region. Furthermore, market growth in this region will be faster than the growth of the market in regions. Hence, such factors influence the growth of the regional market during the forecast period. For more insights on the market share of various regions- Download a sample report in MINUTES

What’s New? –

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Cannabis-infused Edible Products Market: Growing social acceptance of Cannabis to drive growth

• Growing awareness about the health benefits of cannabis is the key factor that drives the growth of the global cannabis-infused edible products market. 
• Cannabis contains compounds known as cannabinoids, such as tetrahydrocannabinol (THC) and cannabidiol (CBD), which have been found to have a variety of potential health benefits.
• For instance, CBD has been known to have anti-inflammatory and anti-anxiety properties, while THC has been used to treat pain and nausea in cancer patients.
• Additionally, there are also regulatory changes taking place around the world that are fueling the growth of the cannabis-infused food market. Several countries have recently legalized cannabis for medical or recreational use, opening new markets for cannabis products.
• Hence, such factors are expected to drive the growth of the global cannabis-infused edible market during the forecast period.

Cannabis-infused Edible Products Market: Advent Of Advanced Cultivation Methods For Cannabis 

• The advent of advanced cultivation methods for cannabis is an emerging trend in the global cannabis-infused edible products market.
• Advanced techniques such as Screen of Green (SCROF) and Sea of Green (SOG) significantly improve production levels. Such techniques use a nutrient-laden solution to produce cannabis that is rich in tetrahydrocannabinol (THC).
• Moreover, cannabis is usually grown on a commercial scale in fully equipped laboratories with various facilities such as sanitized chambers and a controlled environment.
• Hence, such factors are expected to fuel the growth of the global cannabis-infused edible products market during the forecast period.

To know about more drivers, trends along with challenges – Download a sample now!

Some of the key Global Cannabis-infused Edible Products Market Players:

The global cannabis-infused edible products market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Bhang Corp., Blemish Inc., Cannabinoid Creations, Cannabis Energy Drink, CBDfx UK, Charlottes Web Holdings Inc., Diamond CBD, Dixie Elixirs LLC, Green Roads Inc., Gron, Hugs Wellness Inc., Kats Botanicals, Kiva Brands Inc., Lulus Chocolate, Medix CBD, Medterra CBD, Sunday Scaries, Cornbread Hemp, Happy Flower Co., and Harmony

This market research report segments the global cannabis-infused edible products market by distribution channel (offline and online), product (food and beverage), and geography (North America, Europe, and Rest of World (ROW)).

• The market share growth by the offline segment will be significant during the forecast period. The distribution channel can vary in different countries and regions, depending on the legal status accorded to cannabis consumption. Cannabis-infused edible products can be sold through dispensaries and pharmacies, in some countries where cannabis is legal for recreational or medicinal use. Hence, the growing social acceptance of cannabis, rising awareness about its health benefits, and the legalization of cannabis across various countries are some of the factors driving the growth of the offline segment of the global cannabis-infused edible products market during the forecast period.

For additional information on the market contribution of each segment – Grab an Exclusive Sample Report

Gain instant access to 17,000+ market research reports

Technavio’s SUBSCRIPTION platform

Source:PRNewswire/ Grassymag/Technavio