Cannabis-infused Edible Products Market by Product and Geography - Forecast and Analysis 2021-2025

The cannabis-infused edible products market share is expected to increase by USD 25.27 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 21.74%.

This cannabis-infused edible products market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cannabis-infused edible products market segmentations by product (food and beverage) and geography (North America, Europe, APAC, South America, and MEA). The cannabis-infused edible products market report also offers information on several market vendors, including Bhang Corp., Botanic Lab, Cannabinoid Creations, CHARLOTTES WEB, Grön Confections, Kats Botanicals, Kiva Brands Inc., Lulu Group International, Medix CBD, and Mentor Capital Inc. among others.

What will the Cannabis-infused Edible Products Market Size be During the Forecast Period?

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Cannabis-infused Edible Products Market: Key Drivers, Trends, and Challenges

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 cannabis-infused edible products market growth, although factors such as lack of funds and investments in the cannabis sector 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 cannabis-infused edible products industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cannabis-infused Edible Products Market Driver

The growing social acceptance of cannabis is one of the key factors driving the global cannabis-infused edible products market growth. The perception of cannabis being a mere intoxicant has changed across several nations as it is regarded as a lucrative business opportunity that offers immense potential in the long run. The global cannabis-infused edible products market has repeatedly posted robust growth and has attracted new vendors and large investors to leverage the potential offered by the industry. Additionally, the growth of the cannabis market has significantly added to the income of several governments and boosted the sales and revenues of major corporations. The rising popularity of recreational marijuana has provided traction to the global legal cannabis market. Moreover, in the next three years, it is anticipated that countries like the UK, Mexico, Czech Republic, South Africa, Thailand, and India will legalize cannabis for various uses across different domains. Therefore, increasing social acceptance of recreational marijuana and cannabis-infused edible products across different geographic regions offers tremendous opportunities for vendors in the global cannabis-infused edible products market.

Key Cannabis-infused Edible Products Market Trend

The increasing number of countries decriminalizing cannabis will fuel the global cannabis-infused edible products market growth. Currently, 28 states in the US, including Washington DC, have legalized marijuana, while 15 states have authorized the use of CBD products. Portugal became the first country in the world to legalize the use of all drugs, including marijuana. In 2016, Canada legalized the use of marijuana for medical purposes and recently legalized its use for both recreational and medical purposes. Ireland, Jamaica, Australia, Germany, and South Africa are the other nations that have legalized the use of marijuana for medical purposes. In 2019, Uruguay became the second country after Portugal to completely legalize marijuana in EMEA. Similarly, in 2020, Lebanon became the first country in MEA to legalize cannabis for medicine. Other countries that have been quite active in legalizing marijuana for medical purposes over the years include Spain, the Czech Republic, Peru, Costa Rica, Mexico, and Colombia. Such factors can increase the demand for the market in focus during the forecast period.

Key Cannabis-infused Edible Products Market Challenge

The lack of funds and investments in the cannabis sector is a major challenge for the global cannabis-infused edible products market growth. In the US and Canada, most investment organizations have declined to provide loans to vendors in the legal cannabis industry, which includes hemp, marijuana, and other drug-related businesses. Consequently, the lack of adequate banking options for cannabis vendors has caused significant problems associated with the diversion of funds and accounting. Also, due to the lack of support from government organizations, vendors in the legal cannabis market must rely on the private sector to obtain capital, which leaves them paying high interest rates and decreases their revenues. However, in many Islamic countries, the use of cannabis is completely banned on religious grounds. Therefore, investment opportunities for the legal cannabis sector in these countries are negligible, which provides no scope for growth. Besides, in Western countries like the UK, Spain, France, Germany, and Italy, investment corporations avoid investing in the legal cannabis sectors on moral and ethical grounds. The above factors will hinder the market growth during the forecast period.

This 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global cannabis-infused edible product market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. 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 cannabis-infused edible products market during the forecast period.

Who are the Major Cannabis-infused Edible Products Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Bhang Corp.
• Botanic Lab
• Cannabinoid Creations
• CHARLOTTES WEB
• Grön Confections
• Kats Botanicals
• Kiva Brands Inc.
• Lulu Group International
• Medix CBD
• Mentor Capital Inc.

This statistical study of the cannabis-infused edible products market encompasses successful business strategies deployed by the key vendors. The cannabis-infused edible products market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Bhang Corp. - The company offers different types of cannabis-infused dark chocolates such as caramel dark chocolate, fire dark chocolate, blueberry dark chocolate, and others.

To make the most of the opportunities and recover from 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 forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cannabis-infused Edible Products Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cannabis-infused edible products market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global packaged foods and meats market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Cannabis-infused Edible Products Market?

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72% of the market's growth will originate from North America during the forecast period. The US, and Canada, are the key markets for cannabis-infused edible products in North America. Market growth in this region will be slower than the growth of the market in regions.

The growing social acceptance of cannabis will facilitate the 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

In 2020, New York City, US, recorded the highest number of COVID-19 cases, with more than 45% of the total number. The unexpected outbreak of the COVID-19 pandemic has adversely affected the global economy. Moreover, with the imposition of the first nationwide mandatory closure of all non-essential businesses, manufacturing units were closed, and goods manufacturers in North America faced not only business losses but also the challenge of survival. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive market growth during the forecast period.

What are the Revenue-generating Product Segments in the Cannabis-infused Edible Products Market?

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The cannabis-infused edible products market share growth by the food segment will be significant during the forecast period. The market for cannabis-infused food is growing and is expected to witness a high growth rate due to the legalization and growing popularity of cannabis edibles. In 2020, High Park Holdings Ltd., a wholly-owned subsidiary of Tilray Inc., introduced the second phase of its adult-use products in Canada. The introduction of new product launches is expected to drive the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the radar simulator market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Cannabis-infused Edible Products Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive cannabis-infused edible products market growth during the next five years
• Precise estimation of the cannabis-infused edible products market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cannabis-infused edible products industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cannabis-infused edible products market vendors

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