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CBD Gummies Market

CBD Gummies Market Size, Share and Segmentation by Type (CBD Isolate Gummies, Broad-Spectrum CBD Gummies, Full-Spectrum CBD Gummies), by Concentration (High, Low/Concentrated), by Packaging Type (Pouches, Bottles, Jars, Tins), by Distribution Channel (Store-Based Retailing, Online Retailing), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1796 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The CBD Gummies Market Size was esteemed at USD 1.94 billion out of 2021 and is supposed to arrive at USD 12.10 billion by 2028, and develop at a CAGR of 29.9% over the forecast period 2022-2028.

CBD chewy candies are enjoyable desserts imbued with CBD oil. CBD oil enjoys a lot of benefits. It helps in diminishing agony and stress, attributable to its calming and pain-relieving impacts. Also, it further develops rest as it initiates serenity by controlling uneasiness. The guidelines in regards to the utilization of CBD items are different in different nations. Producers are sending off 100 percent CBD seclude chewy candies with 0% THC because of the developing debate in regards to the THC content. This component is projected to open new open doors for the CBD chewy candies market over the estimated period.

CBD Gummies Market Revenue Graph

Industry interest in CBD-put-together items has risen astoundingly concerning the rear of the endeavors of the overall population on authorizing cannabis for restorative and sporting reasons. CBD deals have competed for the focus of controllers in various created countries, especially the U.S. The greater part of these has no presence of tetrahydrocannabinol (THC) content. This is the well-known fixing tracked down in marijuana answerable for actuation of cannabinoid receptors and has been subsequently connected with unfriendly wellbeing results. Accordingly, CBD chewy candies have assembled steam among customers because of their non-psychotropic impacts. The extending exhibit of restorative utilization of CBD chewy candies in neurological problems, mental problems, and malignant growth therapeutics is a critical driver for the development of the CBD chewy candies market.

Reliva, American cannabidiol (CBD) brand and auxiliary of Canadian organization Aurora Cannabis Inc., is sending off KG7, another CBD product offering grown-up customers a functioning way of life. KG7 and Reliva items are accessible for buy at odds and end shops from one side of the country to the other and on the organization's site.

Market Dynamics:

Driving Factors:

  • Developing Awareness Regarding Health Benefits of CBD.

  • Rising Adoption Among Athletes and Sportspersons.

Restraining Factors:

  • Rigid Regulations Regarding Production and Consumption of CBD.

  • The absence of mindfulness concerning the cannabidiol (CBD) chewy candies.

Opportunities:

  • Item Innovations.

  • Flooding Influence of social media and Celebrities.

Challenges:

  • Accessibility of substitutes, for example, CBD dull chocolates, salad dressings, and protein supplements.

  • The customer outlook relating to the utilization of CBD.

Impact of Covid-19:

This factor also hurt the growth of the CBD gummies market. However, people consumed CBD-infused products for handling pandemic-related stress, insomnia, and anxiety. The increasing incidence of depression among the population during lockdown is projected to positively impact the market growth. Sleep problems are considered a core symptom of depression. As a result, consumption of CBD products, including gummies, has surged. Moreover, due to the rise in vaccination rates and relaxation of restrictions imposed by the governments, the CBD gummies market is expected to recover from the losses. As the manufacturers are permitted to operate at full capacity, the production of CBD gummies is projected to increase significantly over the coming years.

Impact of Ukraine and Russia War:

Worldwide production network hardships - first set off by the Covid pandemic in 2020 - have been exacerbated by Russia's attack on Ukraine, and the U.S. marijuana industry is supposed to feel the additional aftermath for quite a long time. A few subordinate organization leaders told MJBizDaily the issues are probably going to proceed with this year, further driving up expenses and making it considerably more challenging for organizations to get key supplies, for example, specialty bundling, and synthetic solvents utilized in concentrate creation and treated steel.

Market Estimation:

By Type:

Based on type, the cannabidiol (CBD) chewy candies market has been divided into CBD detach chewy candies, wide range CBD chewy candies, and full-range CBD chewy candies.

By Packaging Types:

Cannabidiol (CBD) chewy candies market has additionally been divided based on bundling type into pockets, jugs, containers, and tins.

By Distribution Channel:

In light of appropriation channels, the CBD chewy candies market is divided into specialty stores, online retail, and others. The web-based retail fragment is projected to develop at the quickest CAGR over the conjecture period. Online business stages have enlisted critical development as they offer rewarding types of assistance, like home conveyance, limits, offers, and cashback, to the clients. Besides, clients can pick among a great many items by looking at the changed choices accessible.

Key Market Segmentation:

By Product Type:

  • CBD isolate Gummies

  • Broad-spectrum CBD Gummies

  • Full-spectrum CBD Gummies

By Packaging:

  • Pouches

  • Bottles

  • Jars

  • Tins

By Sale Channel:

  • Store-Based Retailing

    • Supermarket/ Hypermarket

    • Head shops/

    • Smoke shops

    • Local health stores

    • Others

  • Online Retailing

CBD Gummies Market Segment Chart

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • the UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Of the different creating and created districts, North America is a strikingly rewarding business sector for CBD chewy candies. Broad innovative work exercises have occurred particularly in the U.S. to test the clinical properties of cannabis. This has mixed gigantic interest of CBD brands in the locale. The provincial market has seen new income possibilities from the nonstop endeavors of CBD brands to grow their portfolio and send off new items.

Key Players:

CV Sciences, Inc., CHARLOTTE'S WEB, Verma Farms, BAEYS, Medterra CBD, Balance CBD, CBDfx, CBD Pure, PureKana, Dixie Brands, Premium Jane, Diamond CBD, Aurora Cannabis, CBD American Shaman, Kushie Bites, Sunday Scaries, Medix CBD, SaintyCo, Hemp Bombs and Reliva CBD

CBD Gummies Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.94 Billion
Market Size by 2028 US$ 12.10 Billion
CAGR CAGR 29.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (CBD Isolate Gummies, Broad-Spectrum CBD Gummies, Full-Spectrum CBD Gummies)
• by Concentration (High, Low/Concentrated), by Packaging Type (Pouches, Bottles, Jars, Tins)
• by Distribution Channel (Store-Based Retailing, Online Retailing)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles CV Sciences, Inc., CHARLOTTE'S WEB, Verma Farms, BAEYS, Medterra CBD, Balance CBD, CBDfx, CBD Pure, PureKana, Dixie Brands, Premium Jane, Diamond CBD, Aurora Cannabis, CBD American Shaman, Kushie Bites, Sunday Scaries, Medix CBD, SaintyCo, Hemp Bombs and Reliva CBD
Drivers •Developing Awareness Regarding Health Benefits of CBD.
•Rising Adoption Among Athletes and Sportspersons.
Market Challenges: •Accessibility of substitutes, for example, CBD dull chocolates, salad dressings, and protein supplements.
•The customer outlook relating to the utilization of CBD.


Frequently Asked Questions (FAQ) :

Ans: The Online Retailing segment is projected to make a foothold in the worldwide CBD Gummies Market.

Ans: Developing Awareness Regarding the Health Benefits of CBD and Item Innovations are the elements driving and resulting in opportunities for the CBD Gummies Market.

Ans: Type, Packaging Types, and Distribution Channel segments are covered in the CBD Gummies Market.

Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.

Ans: The Global CBD Gummies Market Size was esteemed at USD 995.6 million out of 2021


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 Covid 19 Impact Analysis

4.2 Impact of the Ukraine and Russia war

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7. PEST analysis

 

8. Global CBD Gummies Market segmentation, Product Type:

8.1 CBD isolate Gummies

8.2 Broad-spectrum CBD Gummies

8.3 Full-spectrum CBD Gummies

 

9.  Global CBD Gummies Market segmentation, By Packaging:

9.1 Pouches

9.2 Bottles

9.3 Jars

9.4 Tins

 

10.  Global CBD Gummies Market segmentation, Distribution Channel:

10.1 Store-Based Retailing

10.1.1 Supermarket/ Hypermarket

10.1.2 Head shops/

10.1.3 Smoke shops

10.1.4 Local health stores

10.2 Others

Online Retailing

 

11. Global CBD Gummies Market, by region/ country

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company profiles

12.1 CV Sciences, Inc.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 Swot Analysis

12.1.4 The SNS View

12.2 CHARLOTTE'S WEB

12.3 Verma Farms

12.4 BAEYs

12.5 Medterra CBD

12.6 Balance CBD

12.7 CBDfx

12.8 CBD Pure

12.9 PureKana

12.10 Dixie Brands

12.12 Premium Jane

12.12 Diamond CBD

12.13 Aurora Cannabis

12.14 CBD American Shaman

12.15 Kushie Bites

 

13. Competitive Landscape

13.1 Competitive Bench Marking

13.2 Market Share Analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

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