Cannabis-infused Edible Products Market by Product and Geography - Forecast and Analysis 2023-2027

Cannabis-infused Edible Products Market Forecast 2022-2026

The global cannabis-infused edible products market share is expected to increase by USD 5.63 billion 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. The products market report also offers information on several market companies, 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.

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

Download Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics

The market is experiencing significant growth driven by evolving consumer preferences and increasing acceptance of cannabis-based products. With innovations like CAMU C Plus with Hemp and CBD-infused beverages, the market offers a diverse range of options, including gummies, chocolates, and infused drinks. These products cater to various health advantages, addressing cancer-related symptoms, epilepsy, and chronic pain. However, regulatory issues and legislative discrepancies pose challenges, impacting market dynamics and leading to shop closures. Despite constraints, online channels and retail shelves remain pivotal in meeting customer demand. With a focus on product innovation and market dominance, brands like Gfarmalabs and Province Brands are shaping the market environment, driving growth in this rapidly expanding industry.

Market Dynamics and Customer Landscape

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 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 market. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Market Driver

Growing awareness about the health benefits of cannabis is the key factor driving the growth of the market. Growing awareness of the potential health benefits of cannabis is one of the drivers of the 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. Such factors are expected to drive the growth of the market during the forecast period.

Significant Market Trend

Advent of advanced cultivation methods for cannabis is the primary trend in the 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 market during the forecast period.

Major Market Challenge

Stigma and misconceptions about cannabis are a major challenge to the growth of the 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 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 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.

Who are the Major Global Cannabis-infused Edible Products Market companies?

The report analyzes the market’s competitive landscape and offers information on several market companies, 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.
• Harmony

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

Product Insights and News

Bhang Corp.: The company offers cannabis infused chocolates which are 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 companies should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The market report contains comprehensive market knowledge and an in-depth vendor landscape add-on to an analysis of the key companies.

Global Cannabis-infused Edible Products Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market, which companies can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.

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 other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Regional Analysis

For more insights on the market share of various regions Request PDF Sample now!

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 other regions.

Growing awareness about the health benefits of cannabis will facilitate 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 companies, which will assist in creating efficient business plans.

Market Segmentation 

The report extensively covers global cannabis-infused market segmentation by distribution channel (offline and online), product (food and beverage), and geography (North America, Europe, and Rest of World (ROW)). The diverse landscape of the cannabis industry encompasses a wide array of products, ranging from traditional smoking options to innovative edibles and beverages. From classic choices like pizza and lollipops to morning cereal and gummy treats, the market caters to various consumer preferences. Chocolate cookies, brownies, and beef products infused with cannabinoids offer alternative consumption methods. Meanwhile, health-focused offerings like vitamin C beverages and white grape juice infused with gamma-aminobutyric acid or camu camu extract showcase the industry's versatility. With the emergence of micro-dosing and CBD shots like CAMU C, along with brands like Sprig and Gfarmalabs leading product innovation, the market continues to evolve. Regulatory challenges, such as legislative discrepancies and shop closures, underscore the need for a balanced approach to legalization and market development. As consumer demand grows and distribution channels expand, the cannabis sector navigates through a dynamic landscape shaped by market constraints, regulatory frameworks, and evolving customer preferences.

By Offline

To gain further insights on the market contribution of various segments Request a PDF Sample

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.

Market Analyst Overview

The global market is experiencing significant growth, fueled by the increasing popularity of gummy consistent items and chocolate cookies/brownies infused with cannabis extracts. These products offer consumers a convenient and discreet way to consume cannabis while enjoying their favorite snacks. Moreover, the growing acceptance of recreational cannabis use and the expanding range of product choices are driving market expansion. Cannabis-infused edibles have shown promise in providing relief for various medical conditions such as Alzheimer's disease, glaucoma, post-traumatic stress disorder, and muscular spasms, further fueling demand in both the medical and recreational sectors of the market.

Additionally, the growth is driven by the rising demand for alternative consumption methods and the expanding legalization of cannabis across various regions. With a wide array of offerings, including CAMU C CBD Shot, gummy consistent items, chocolate cookies/brownies, and infused drinks, consumers have diverse options to choose from. These products are gaining popularity not only among recreational users seeking novel experiences but also among individuals looking for potential health benefits, such as alleviating cancer-related symptoms, nausea, pain, and symptoms associated with conditions like Alzheimer's disease, epilepsy, glaucoma, and post-traumatic stress disorder. Despite facing regulatory issues and legislative discrepancies, the market continues to thrive due to increasing customer demand, advancements in product innovation, and expanding distribution channels, including retail shelves and online platforms. As legalization efforts progress and consumer awareness grows, the market is poised for further expansion, driven by changing market dynamics and the rising acceptance of cannabis-based products worldwide.

Market Scope
Report Coverage	Details
Page number	120
Base year	2022
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 19.32%
Market growth 2023-2027	USD 5.63 billion
Market structure	Fragmented
YoY growth (%)	18.2
Regional analysis	North America, Europe, and Rest of World (ROW)
Performing market contribution	North America at 90%
Key consumer countries	US, Canada, Mexico, The Netherlands, and Germany
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
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
Market dynamics	Parent market analysis, Market Forecasting, 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.
Customization purview	If our market research and growth report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will drive market growth and forecasting during the next five years
• Precise estimation of the market growth analysis size and its contribution to the parent market
• Accurate predictions on upcoming market trends and changes in consumer behavior
• The growth of the  market across North America, Europe, and Rest of World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information on companies
• Comprehensive details of factors that will challenge the growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch