Report Id: SNS/F&B/1421 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The CBD-Infused Confectionery Market Size was valued at USD 15.6 billion in 2021 and is expected to reach USD 221.6 billion by 2028, and grow at a CAGR of 46.1% over the forecast period 2022-2028.
CBD, or cannabidiol, is extricated from the Cannabis sativa group of homegrown blossoming plants. It incorporates both hemp and weed. It is additionally found in Maryjane; be that as it may, it doesn't have close to as much tetrahydrocannabinol (THC), the psychoactive fixing in marijuana. CBD-injected candy is a custom item that offers medical advantages like uneasiness, expansion, and restlessness therapy. CBD-injected candy should be bitten and eaten to be compelling. It is likewise advantageous to move and can be tanked whenever of day.
Rising interest and expanding sanctioning of weed, developing utilization of marijuana in disease, and medical advantages presented by pot injected items are the key variables driving the development of the market. The utilization of weed in pet food and the rising interest for pot imbued drinks give huge learning experiences to showcase players before long.
The legitimization of CBD creation in various countries all over the planet.
Purchaser interest for CBD-mixed confectionary is extending as mindfulness and item openness develop.
Regardless of its health advantages, weed has unfortunate results on human wellbeing.
CBD is as yet bantered concerning its legitimateness in many spots.
Worked on financial relations between various countries.
Respect to taste, contingent upon the strength of CBD oil utilized.
Impact of Covid-19:
As per a new examination report, the CBD business might anticipate maximum usage, especially among customary clients, demonstrating how the market might act in the next few long periods. Besides, in a review of CBD clients, 37.5% said they intended to utilize more CBD during the COVID-19 issue. This is particularly obvious among Millennials and Gen Z clients, with 51.2% wanting to involve CBD more in the next long periods.
A quick spike popular and deals have been kept in countries where CBD utilization is allowed amidst the pandemic. Considering social removing shows, a few nations and states in the United States have expanded CBD-implanted confectionary deals and conveyance administrations through internet-based channels. Following the CDC's declaration of self-quarantine, the CBD business has encountered a flood of popularity.
In light of the source, the CBD-mixed items market is essentially fragmented into hemp and marijuana. The enormous portion of this section is predominantly ascribed to its lower THC fixations, which decline or dispose of its psychoactive impacts and increment hemp-inferred items for different clinical applications.
Given a type, the CBD-imbued items market is fragmented into CBD-edibles, CBD-oil and concentrates, CBD-individual consideration items, CBD-smoke and vape items, CBD supplements, CBD-pet items, and other CBD products. The huge portion of this section is primarily ascribed to the developing notoriety of sporting pot, expanding interest for food injected by pot like THC and CBD, rising reception of CBD in various verticals like dessert shops, bread kitchens, and so on, and pot customer are searching for options in contrast to smoking marijuana.
Given the conveyance channel, the CBD-imbued items market is portioned into disconnected and online stores. he huge portion of this fragment is essentially credited to the impression of buying valid and great quality items. Nonetheless, the web-based store portion is supposed to develop at the most elevated CAGR during the figure time frame. The fast development of this section is primarily credited to the simplicity of accommodation and the quick entrance of CBD-mixed items on E-trade stages.
Key Market Segments:
Coffee & Tea Products
Other Edible Products
Oil & Extracts
Personal Care Products
Deodorants and Perfumes
Other Personal Care Products
Smoke & Vape Products
Other CBD Products
By Distribution Channel:
Natural Health Foods Store
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
North America ruled the overall CBD-mixed confectionary market in 2020, and this pattern is probably going to go on all through the gauge period. CBD items have provoked the curiosity of shoppers in the locale, because of promising clinical exploration for treating an assortment of problems and conceivable wellbeing benefits. The CBD-injected confectionery industry is one of the quickest developing regions of the complete CBD market, as per MRFR information. Due to their appearance, CBD-mixed confectionary things are engaging. In contrast with CBD oil or CBD pills, they additionally taste better.
The Asia-Pacific region is supposed to be a rewarding business sector for CBD-mixed confectionary producers. During the gauge time frame, it is normal to increment at the quickest rate. China, Australia, and New Zealand are the top hemp producers in Asia-Pacific, adding to the CBD-injected confectionary market.
Key players in the CBD-Infused Confectionery Market are Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis Inc., Docklight Brands, Inc., Maricann Inc., Tilray, Inc., GW Pharmaceuticals plc, VIVO Cannabis Inc., Cresco Labs, Inc.
|Market Size in 2021||US$ 15.6 Billion|
|Market Size by 2028||US$ 221.6 Billion|
|CAGR||CAGR 46.1% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Source (Hemp, Marijuana)
• by Type (Edibles, Oil & Extracts, Personal Care Products, Smoke & Vape Products, Supplements, Other)
• by Distribution Channel (Offline Store, Online Stores)
|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||Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis Inc., Docklight Brands, Inc., Maricann Inc., Tilray, Inc., GW Pharmaceuticals plc, VIVO Cannabis Inc., Cresco Labs, Inc.|
|Key Drivers||•The legitimization of CBD creation in various countries all over the planet.|
|Market Opportunities||•Worked on financial relations between various countries.|
Frequently Asked Questions (FAQ) :
Ans: Source, Type, and Distribution Channel segments are covered in the CBD-Infused Confectionery Market.
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: North America has the biggest offer in the CBD-Infused Confectionery market.
Ans: The legitimization of CBD creation in various countries all over the planet and working on financial relations between various countries are the elements driving and resulting in opportunities for the CBD-Infused Confectionery market.
Ans: The Global CBD-Infused Confectionery Market Size is expected to reach USD 221.6 billion by 2028, and grow at a CAGR of 46.1% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
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-Infused Confectionery Market segmentation, by Source
9. Global CBD-Infused Confectionery Market segmentation, by Type
9.1.1 Confectionery Products
9.1.2 Bakery Products
9.1.4 Coffee & Tea Products
9.1.5 Other Edible Products
9.2 Oil & Extracts
9.2.1 Personal Care Products
9.2.2 Skincare Products
9.2.3 Haircare Products
9.2.4 Deodorants and Perfumes
9.2.5 Other Personal Care Products
9.3 Smoke & Vape Products
9.3.2 Other CBD Products
10. Global CBD-Infused Confectionery Market Segmentation, by Distribution Channel
10.1 Offline Store
10.1.3Natural Health Foods Store
10.1.4 Other Stores
10.2 Online Stores
11. Global CBD-Infused Confectionery Market, by region/ country
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company profiles
12.1 Canopy Growth Corporation
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.2 Aphria, Inc.
12.3 Aurora Cannabis Inc.
12.4 Docklight Brands, Inc.
12.5 Maricann Inc.
12.6 Tilray, Inc.
12.7 GW Pharmaceuticals plc
12.8 VIVO Cannabis Inc.
12.9 Cresco Labs, Inc.
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of the good and accurate research report and selecting the best methodology to complete 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.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
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.
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.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.