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The global cannabis-infused edible products market share is expected to increase by USD 5,638.94 million from 2022 to 2027, and the market’s growth momentum will accelerate at a CAGR of 19.32%.
This global cannabis-infused edible products market research report provides valuable insights on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers global cannabis-infused edible products market segmentation by distribution channel (offline and online), product (food and beverage), and geography (North America, Europe, and Rest of World (ROW)). The global cannabis-infused edible products market report also offers information on several market vendors, including 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 among others.
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Based on our research output, there has been a POSITIVE impact on the market growth during and post-COVID-19 era. The growing social acceptance of cannabis is notably driving the global cannabis-infused edible products market growth, although factors such as legalization and regularization of cannabis may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the global cannabis-infused edible products market. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Global Cannabis-infused Edible Products Market Driver
Growing awareness about health benefits of cannabis is the key factor driving the growth of the global cannabis-infused edible products market. Growing awareness of the potential health benefits of cannabis is one of the drivers of the global cannabis-infused edibles market. Cannabis contains compounds called cannabinoids, such as tetrahydrocannabinol (THC) and cannabidiol (CBD), which have been found to have a variety of potential health benefits. For example, CBD has been shown to have anti-inflammatory and anti-anxiety properties, while THC has been used to treat pain and nausea in cancer patients.
In addition to the potential health benefits, there are also regulatory changes taking place around the world that are fueling the growth of the cannabis-infused food market. For example, several countries have recently legalized cannabis for medical or recreational use, opening new markets for cannabis products. Such factors are expected to drive the growth of the global cannabis-infused edible market during the forecast period.
Key Global Cannabis-infused Edible Products Market Trend
Advent of advanced cultivation methods for cannabis is the primary trend in the global cannabis-infused edible products market. The incorporation of new technologies into cannabis cultivation has resulted in higher growth rates of the global legal cannabis market. These processes have been very helpful in raising the level of cannabis production while improving its quality. Cannabis is usually grown on a commercial scale in fully equipped laboratories with various facilities such as sanitized chambers and a controlled environment.
Advanced techniques such as Screen of Green (SCROF) and Sea of Green (SOG) have significantly improved production levels. These techniques use a nutrient-laden solution to produce cannabis that is rich in tetrahydrocannabinol (THC). The use of these techniques has also improved the quality of marijuana-derived CBD oil products. Such factors are expected to drive the growth of the global cannabis-infused edible products market during the forecast period.
Key Global Cannabis-infused Edible Products Market Challenge
Stigma and misconceptions about cannabis is a major challenge to the growth of the global cannabis-infused edible products market. Cannabis is still illegal in many countries, and even in places where it is legal, there may be restrictions on its use and consumption. This can create the perception that cannabis is extremely dangerous or harmful, even when it is used for medicinal purposes. Many people are not well-informed about cannabis and its effects, leading to misconceptions and stereotypes.
For example, some people may believe that all cannabis use leads to addiction or that it is a "gateway drug" to harder substances. These beliefs can make it difficult for companies to market cannabis-infused edible products to a wider audience. Such factors are expected to remain a major challenge for the growth of the global cannabis-infused edible products market during the forecast period.
This global cannabis-infused edible products market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2023-2027.
Technavio categorizes the global cannabis-infused edible products market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. The global packaged foods and meats market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the global cannabis-infused edible products market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the global cannabis-infused edible products market encompasses successful business strategies deployed by the key vendors. 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.: The company offers cannabis infused chocolates which is designed to create biological balance to enhance mood and potentially boost cognitive function.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cannabis-infused edible products market report contains comprehensive market knowledge and in-depth vendor landscape add-on to an analysis of the key vendors.
Our In-house experts produce extensive information on the value chain, and parent market of global cannabis-infused edible products market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
The value chain of global packaged foods and meats market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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90% of the market’s growth will originate from North America during the forecast period. US, Canada, Mexico, The Netherlands, and Germany are the key markets for cannabis-infused edible products market in North America. Market growth in this region will be faster than the growth of the market in regions.
Growing awareness about health benefits of cannabis will facilitate the global cannabis-infused edible products market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 severely impacted the growth of the global cannabis-infused edible products market in North America. Stringent lockdowns that were imposed in numerous countries to contain the spread of COVID-19 led to a slowdown in transport, trade, and economic activities. Lockdowns imposed in countries such as the US, Canada, and Mexico brought all commercial activities to a halt, which resulted in disruptions in the supply chains for non-essential products, leading to a supply-demand imbalance. Travel restrictions that were imposed to contain the spread of the disease in 2020 also adversely impacted the sales of cannabis-infused edible products through offline channels. However, owing to the initiation of large-scale COVID-19 vaccination programs across many North American countries in the first half of 2021, the demand for cannabis-infused edible products increased through online channels as an increasing number of people considered online channels a safer medium to buy products. This, along with the rising social acceptance of cannabis and awareness of its health benefits, is expected to drive the growth of the cannabis-infused edible products market in North America during the forecast period.
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The global cannabis-infused edible products market share growth by the offline segment will be significant during the forecast period. The offline distribution channel for cannabis-infused edible products can vary in different countries and regions, depending on the legal status accorded to cannabis consumption. In some countries where cannabis is legal for recreational or medicinal use, cannabis-infused edible products can be sold through dispensaries and pharmacies. 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 that are driving the growth of the offline segment of the global cannabis-infused edible products market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the global cannabis-infused edible products market size and actionable market insights on post-COVID-19 impact on each segment.
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Global Cannabis-infused Edible Products Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2022 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 19.32% |
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Market growth 2023-2027 |
USD 5,638.94 million |
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Market structure |
Fragmented |
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YoY growth (%) |
18.2 |
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Regional analysis |
North America, Europe, and Rest of World (ROW) |
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Performing market contribution |
North America at 90% |
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Key consumer countries |
US, Canada, Mexico, The Netherlands, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
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 |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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