Global CBD Gummies Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

CBD Gummies Market Overview

“The global CBD Gummies Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Cannabidiol (CBD) is extracted from the cannabis plant. It does not cause to get high or a state of euphoria as Tetrahydrocannabinol (THC) or marijuana does. CBD gummies are widely used to reduce depression and anxiety. CBD gummies are the most popular out of all available edibles.

These edibles have low content of THC and high concentration of cannabidiol. It is important to note that even if consumers can take enough CBD oil to endanger health, consuming too much CBD may make one feel bajiggity. Various studies also have proved that CBD can cause fatigue, diarrhea, and changes in appetite in some consumers. However, consumers state that CBD gummies and edibles are incredibly effective for stress and anxiety management.

CBD Gummies Market Dynamics

Major factor supporting growth of the global CBD gummies market is an increase in legalization of cannabidiol (CBD) gummies. Absence of Tetrahydrocannabinol (THC) content in CBD gummies, which makes consumers not to get high, has resulted in the product gaining traction in the market in the recent past.

Growing use of cannabis for treatment of psychiatric disorders, neurological disorders, for pain management, and cancer is projected to increase demand for the product in the global CBD gummies market over the forecast period. In addition, various application of cannabis is projected to support demand for CBD gummies in the global market during the forecast period.

Increasing consumer interest in CBD-infused and concentrated products and cannabis edibles is projected to drive growth of the market over the forecast period. Consumers of cannabis are looking for various alternatives to smoke cannabis, which is expected to drive demand for chocolates, gummies, tincture, and other edibles. Increasing and high demand for CBD gummies from millennials is expected to drive demand for the product in the global market over the forecast period.

Moreover, increasing consumption of the product to relieve depression, anxiety, inflammation, pain, and to induce sleep are expected to further drive growth of the global market over the forecast period. Another factor expected to increase demand is a long-lasting effect of various edibles of the product over smoking. Consumers get at least one health benefit when consuming CBD, which is a supporting factor in the global market.

Major restraints for the growth for the market is side effects of the product and availability of many alternatives.  Legalization of cannabis for using it for recreational and medical purposes is expected to bring more growth opportunities for key plyers in the market.

Global CBD Gummies Market Segment Analysis:

By Concentration:

Among the concentration segments, the high segment accounts for highest revenue share as compared to the other segment. This can be attributed to wide use of high CBD gummies by patients of epilepsy, schizophrenia, sleeping disorders, and glaucoma.

By Distribution Channel:

Among the distribution channel segments, the online segment is expected to contribute highest revenue share and the trend is expected to continue over the forecast period. This growth of the segment can be attributed to ease of convenience and focus of key players on selling the product online.

Global CBD Gummies Market Regional Analysis:

The market in the North America region is projected to continue its dominance in terms of revenue share, which is attributed to legalization of cannabis for recreational and medical purposes.

Global CBD Gummies Market Segmentation: 

By Concentration:

• High
• Low/ Concentrated

 By Distribution Channel:

• Online
• Offline

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa