USD 24.23 billion
Global CBD-infused Products Market Size, Share, Growth Analysis, By Source(Hemp, Marijuana), By Type(Edibles (Confectionery Products, Bakery Products), By Distribution Channel(Offline Store (Dispensary, Pharmacies) - Industry Forecast 2024-2031
Report ID:
SQSG35I2047 |
Region:
Global |
Published Date: February, 2024
Pages:
225
|
Tables:
102 |
Figures:
76
Global CBD-infused Products Market Insights
CBD-infused Products Market size was valued at USD 24.23 billion in 2019 and is poised to grow from USD 29.68 billion in 2023 to USD 184.38 billion by 2031, growing at a CAGR of 22.5% in the forecast period (2024-2031).
Cannabidiol can be extracted from either cannabis or hemp, with hemp being preferred due to its naturally high CBD content. The substance is frequently mixed up with its psychoactive counterpart, tetrahydrocannabinol (THC), which is extracted from the same plant. It has numerous benefits for treating anxiety, preventing seizures, reducing inflammation, and alleviating pain. The market is evolving at a faster rate due to its increasing use in the cosmetics, food, and pharmaceutical industries. The market has enormous growth potential as consumers become more aware of the product's benefits. Rising demand and increased legalisation of cannabis, increased application of cannabis in cancer, and the health benefits offered by cannabis-infused products are the key factors driving market growth. Cannabis use in pet food, as well as rising demand for cannabis-infused beverages, will present significant growth opportunities for market participants in the coming years.
Furthermore, as the pandemic progressed, CBD-infused products became an appealing option for people who were spending more time at home, both as a source of entertainment and to relieve stress and anxiety. As a result, sales of these products are surging, propelling the Global CBD-infused Products Market forward. Furthermore, the legalisation of recreational cannabis in various countries, rising demand for CBD-infused wellness drinks, rising consumer disposable income, and improving living standards are some of the factors driving the market growth during the forecast period.
US CBD-infused Products Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hemp
Fastest Growth
Marijuana
Growth Rate
22.5% CAGR
Global CBD-infused Products Market, 2021-2028 ($ Bn)
Country Share for North AmericaRegion- 2021 (%)
Global CBD-infused Products Market By Source, 2021-2028 (%)
Global CBD-infused Products Market By Source 2021-2028 (%)
To get more reports on the above market click here to Buy The Report
Global CBD-infused Products Market Segmental Analysis
Global CBD-infused Products Market is segmented based on the Source, Type, Distribution Channel, and region. Based on Source, the market is segmented Hemp and Marijuana. Based on Type, the market is segmented into Edibles (Confectionery Products, Bakery Products, Beverages, Coffee & Tea Products, and Other Edible Products), Oil & Extracts, Personal Care Products (Skincare Products, Haircare Products, Deodorants and Perfumes, and Other Personal Care Products), Smoke & Vape Products, Supplements, and Other CBD Products. Based on Distribution Channel, the market is segmented into Offline Store (Dispensary, Pharmacies, Natural Health Foods Store, and Other Stores), Online Stores. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
CBD-infused Products Market Analysis by Source
In 2021, hemp is expected to account for the largest share of the CBD-infused product market. This segment's large share is primarily due to lower THC concentrations, which reduce or eliminate psychoactive effects and increase hemp-derived products for various medical applications. Furthermore, the anti-inflammatory, anti-aging, antioxidant properties, and high effectiveness of CBD extracted from hemp are important factors in this segment's large share.
Marijuana legalisation is gaining traction all over the world. The increasing recognition that the product may have a variety of legitimate medicinal benefits and therapeutic applications is driving this momentum. According to the United Nations Office on Drugs and Crime, it is the most widely cultivated, trafficked, and consumed drug in the world (UNODC).
CBD-infused Products Market Analysis by Distribution channel
The offline stores segment is expected to account for the majority of the Global CBD-infused Products Market in 2021. This segment's large share is primarily due to the perception of purchasing genuine and high-quality products.
During the forecast timeframe, the online store segment is expected to expand at the fastest CAGR. This segment's fast expansion is primarily due to the simplicity of usage and rapid penetration of CBD-infused product lines on E-commerce platforms.
Globally CBD-infused Products Market By Source , 2021 (%), 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global CBD-infused Products Market Regional Insights
North America dominated the global CBD-infused products market in 2021, followed by Europe, Latin America, the Middle East and Africa, and Asia-Pacific. The large share in this region is primarily due to ease of access, technological advancements in the production and processing of these products, a large base of CBD consumers, changing perceptions toward CBD consumption for both medical and recreational purposes, growing awareness among users of the various medical benefits of CBD, and increased investments from leading players. Because of rising CBD R&D expenditures and rising consumer spending on CBD-infused products, the United States is expected to dominate the North American market through 2028. It is expected to grow the fastest during the forecast period.
Global CBD-infused Products Market By Region, 2021-2028, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global CBD-infused Products Market Dynamics
CBD-infused Products Market Driver
- The overall growth of the market has been moderated by rising demand for cannabis products and rising global healthcare spending. Furthermore, rapid urbanisation and population growth are expected to accelerate market growth. According to a recent Quinnipiac University poll, 54% of American voters polled supported cannabis legalisation without additional restrictions, while 81% supported cannabis legalisation for medicinal purposes. As legalisation spreads around the world, demand will gradually rise, accelerating the industry's overall growth.
CBD-infused Products Market Restraint
- High cost of product is expected to stifle market growth by 2028. Furthermore, a lack of investment and funds in the cannabis sector will impede the market's overall growth.
Request Free Customization of this report to help us to meet your business objectives.
Global CBD-infused Products Market Competitive Landscape
Various government bodies around the world strictly regulate the global market. Companies operating in countries that received cannabis product approval status much earlier than other countries dominate the industry. Better product know-how, raw material production, extensive research and development for launching various product categories, and a stronghold on the supply chain are just a few of the benefits that help these companies gain a competitive advantage in the market. This helps the companies expand their presence in other countries.
CBD-infused Products Market Top Player's Company Profiles
- Charlotte's Web Holdings, Inc.
- CV Sciences, Inc.
- Cannara Biotech Inc.
- Canopy Growth Corporation
- Elixinol Global Limited
- Endoca BV
- Aurora Cannabis Inc.
- Isodiol International Inc.
- Medical Marijuana Inc.
- MGC Pharmaceuticals Limited
- Kazmira LLC
- Green Roads of Florida, LLC
- Curaleaf Holdings, Inc.
- Medterra CBD
- Joy Organics
- PureKana
- CBD American Shaman
- Hemp Bombs
- Lazarus Naturals
- Infinite CBD
CBD-infused Products Market Recent Developments
- In October 2022, CBD cookies and potato chips, CBD toothpaste, CBD toilet paper, and even a bag of pumpkin spice CBD gummies made by none other than domestic goddess Martha Stewart will soon be available in stores. While most of the health benefits associated with CBD products are unproven, selling CBD oil can be a lucrative business opportunity.
- In October 2022, Jushi Holdings launched newly formulated cannabis-infused vegan and gluten-free fruit chews by Tasteology
Global CBD-infused Products Key Market Trends
- Customers want innovative and nutritious food products that will help them achieve their fitness goals while avoiding injuries such as inflammation and pain. Manufacturers are releasing products that contain novel ingredients such as CBD oil. Cannabidiol oils are a non-psychoactive and legal cannabis component that has taken over a variety of industries, including food, health products, pharmaceuticals and cosmetics, and others. According to the Harvard Health Institute, CBD is commonly used to treat human health issues such as insomnia, anxiety, and so on. As a result, there is an increase in consumer demand for such innovative CBD products to maintain a healthy life balance.
Global CBD-infused Products Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global CBD-infused Products Market analysis, CBD's popularity among consumers will be boosted by increased demand in the health and fitness industries. These products are in high demand due to rising demand and increased legalisation of cannabis. Legislative actions, ballot measures, and public opinion polls in the United States. Furthermore, a recent Quinnipiac University poll found that 54% of American voters polled favour cannabis legalisation without additional restrictions. In 2021, hemp will dominate the CBD-infused product market. In 2021, the offline stores segment will dominate the Global CBD-infused Products Market. North America is expected to be the region's fastest-growing market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 24.23 billion |
| Market size value in 2031 | USD 184.38 billion |
| Growth Rate | 22.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global CBD-infused Products Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global CBD-infused Products Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global CBD-infused Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global CBD-infused Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global CBD-infused Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global CBD-infused Products Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global CBD-infused Products Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 617-230-0741
