Cannabidiol Edibles Market Huge Growth in Future Scope 2024-2032 | ENDOCA, Isodiol International Inc, Medical Marijuana
Cannabidiol edibles provide users with numerous advantages thanks to their remarkable therapeutic properties. These CBD candies, available in various flavors and textures, deliver hemp-derived compounds or Cannabidiol to the body to help relieve stress and depression. They are also referred to as goods infused with Cannabidiol.
The growing recognition of the health advantages associated with Cannabidiol will propel the cannabidiol edibles market. Additionally, the increasing demand from the healthcare sector and heightened health consciousness among consumers are several macroeconomic factors that are favorably influencing the global cannabidiol edibles market. Another important aspect is that the legalization of Cannabidiol across different sectors will boost the growth rate of the cannabidiol edibles market. The growth rate of the cannabidiol edibles market will thrive due to the increase in disposable income and urbanization. Shifting lifestyles and rising industrialization will boost the growth rate of the cannabidiol edibles market. The increasing global population and technological progress will further boost the growth rate of the cannabidiol edibles market.
The CBD Edibles Market is Valued USD 9.5 billion in 2024 and projected to reach USD 33.17 billion by 2032, growing at a CAGR of 16.80% During the Forecast period of 2024-2032.
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Major Players in CBD Edibles Markets are:
ENDOCA, Isodiol International Inc, Medical Marijuana, Canopy Growth Corporation, Elixinol, FOLIUM BIOSCIENCES, NuLeaf Naturals, PharmaHemp, Happy Hemp, PLUS Products Wonders, Incredible Edibles, Balance CBD among others.
Industry News:
In February 2021, Pure Kana completed the acquisition of 'BUDAPETS,' an all-natural pet wellness brand. Additionally, Pure Kana is set to expand its portfolio of CBD edibles further by acquiring the nutrition brand 'TRUBAR' shortly.
In March 2021, CV Sciences established a partnership with Alkemist Labs to enhance the measurement capabilities of its CBD products. The company also introduced its new healthcare products brand line, 'ProCBD,' which is available through medical practitioners as of earlier this year.
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Global CBD Edibles Market Segmentation:
By Source
Hemp
Marijuana
By Application
Personal Care & Cosmetics
Pharmaceutical
Food & Beverage
Others
The following areas and countries are covered in the worldwide CBD Edibles Market file:
North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)
North America dominates the cannabidiol edibles market and will continue to flourish its trend of dominance during the forecast period due to the presence of major key players, changing lifestyle and technological advancement in this region. Asia-Pacific is estimated to grow at a significant rate during the forecast period of 2025-2032 due to availability of raw materials and rising industrialization in this region.
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Recent market developments and potential future growth opportunities
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Key Features of the CBD Edibles Market Report: –
Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
Examine the market opportunities for stakeholders by identifying higher growth sections.
To study and analyze the global CBD Edibles Market industry status and forecast including key regions.
An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter’s Five Forces analysis to provide a deeper understanding of the market.
It helps you make strategic business decisions and investment plans.
Finally, CBD Edibles Market is a valuable source of guidance for individuals and companies.
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