Cannabis-Infused Edible Products Market Size to grow by USD 7011.2 million between 2024-2028
According to a research report “ Cannabis-Infused Edible Products Market” by Distribution Channel (Offline, Online) Product (Food, Beverage) Geography (North America, Europe, APAC, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 7011.2 million, at a CAGR of 20.04% during the forecast period. The cannabis-infused edibles market is experiencing significant growth due to the evolving global perspective towards cannabis. No longer viewed solely as an intoxicant, cannabis is now recognized as a lucrative business opportunity with vast potential for expansion. The global cannabis-infused edibles market has consistently demonstrated robust growth, attracting new vendors and major investors. This trend is particularly notable in the food and beverage sector. The burgeoning cannabis industry has also generated substantial revenue for several governments and boosted the financial performance of leading corporations..
Browse market data tables, figures, and in-depth TOC on “Cannabis-Infused Edible Products Market” by Distribution Channel (Offline, Online) Product (Food, Beverage) Geography (North America, Europe, APAC, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample
By Distribution Channel, the Offline segment is projected to dominate the market size in 2024
The Cannabis-Infused Edibles market represents a significant growth opportunity for businesses in the burgeoning legal cannabis industry. These products, which include baked goods, candies, beverages, and other consumables infused with cannabis extracts, are experiencing escalating demand due to their discreetness and long-lasting effects. Market trends indicate a shift towards more potent and diverse offerings, presenting a lucrative landscape for businesses that can innovate and cater to evolving consumer preferences.
By Product, Food segment is expected to hold the largest market size for the year 2024
The Cannabis-Infused Edibles market represents a significant growth opportunity for businesses in the burgeoning legal cannabis industry. These products, which include baked goods, candies, beverages, and capsules, offer consumers a discreet and convenient alternative to traditional smoking methods. With increasing legalization and consumer acceptance, this segment is poised for substantial expansion, driven by innovation, improved product quality, and expanding distribution channels.
North America is forecasted to hold the largest market size by region in 2024
The Cannabis-Infused Edibles market represents a significant growth opportunity for businesses in the burgeoning legal cannabis industry. These products, which include baked goods, candies, beverages, and capsules, offer consumers a discreet and convenient alternative to traditional smoking methods. Market trends indicate a strong demand for high-quality, consistent dosages and innovative flavors, providing ample room for product differentiation and brand development. Businesses that can effectively navigate regulatory requirements and deliver consistent, high-quality products are poised to capture market share and thrive in this lucrative sector.
The Cannabis-Infused Edible Products Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Cannabis-Infused Edibles market has experienced significant growth in recent years due to its potential health benefits for various conditions, including muscular spasms, Post-Traumatic Stress Disorder (PTSD), Glaucoma, Epilepsy, Cancer, and Alzheimer's disease. Two primary active compounds, Cannabidiol (CBD) and Tetrahydrocannabinol (THC), are responsible for these benefits. Marijuana and Hemp are the primary sources of these compounds, with Marijuana containing higher THC levels and Hemp containing higher CBD levels. The legalization of recreational cannabis in some regions and legislative discrepancies have led to regulatory issues and shop closures. However, the healthcare system recognizes the potential health advantages of these products, leading to an increase in demand for Cannabis-Infused Edibles. The market offers various products, including beverages, chocolate cookies/brownies, gummy consistent items, morning cereal, chocolate, lollipops, pizza, and more. While THC-infused edibles can provide psychoactive effects, CBD-infused edibles offer health benefits without the high. Smoking remains a common method of consumption, but edibles offer a discreet and convenient alternative.
Market Research Overview
The Cannabis-Infused Edibles market is experiencing significant growth due to the increasing legalization of marijuana for medical and recreational use. Conditions like muscular spasms, Post-Traumatic Stress Disorder (PTSD), Glaucoma, Epilepsy, Cancer, and Alzheimer's disease have led to a surge in customer demand for cannabis-derived products. Two primary active compounds, Cannabidiol (CBD) and Tetrahydrocannabinol (THC), are used to produce edibles from Marijuana and Hemp. Product choices include vape pens, infused drinks like Camu camu extract and Gamma-aminobutyric acid (GABA) in white grape juice or Vitamin C beverages, gummies, beef products, beverages, chocolate cookies/brownies, lollipops, pizza, and even chocolate. Micro-dosing is a popular trend, allowing consumers to control their dosage. Legalization and legislative discrepancies impact the market, with shop closures and regulatory issues posing challenges. However, the healthcare system's integration of cannabis-infused edibles for pain management and cancer-related symptoms presents health advantages. Private-label brands like Province Brands, Sprig, and Gfarmalabs are innovating with new offerings, such as THC-infused pizza and CBD-infused beef products. Despite these advancements, smoking remains a common method of consumption for some, raising concerns about health risks. As the market evolves, it's crucial to address these challenges and ensure consumer safety and education.
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