The Flavored CBD Powder Market is expected to reach a market valuation of US$ 4 billion by the year 2023, accelerating with a CAGR of 23.9% with a valuation of US$ 34.1 billion by 2023 to 2033.
As consumers increasingly seek anti-anxiety impact, healthy options, and convenience and sustainability in their foods to fuel their on-the-go lifestyles, the face of flavored CBD powder is changing. Moreover, consumers are constantly on the lookout for clean label ingredients that are also fit for consumers with allergies or restricted diets, without compromising out on mouthfeel.
Moreover, due to growing consumer interest in products that are rich in antioxidants and omega-3 fatty acids, there is aggregate demand for flavored CBD powder as it is extensively manufactured by food producers as an element owing to preference from consumers.
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Also, new product launches have played a dynamic role in assisting the extensive penetration of flavored CBD powder in the global market. For example, NewAge Inc. in August 2020 launched its clean label, sustainably grown, and simple alcoholic flavored CBD powder with non-GMO labeled certified and do not contain artificial flavors and sugar.
Flavour Creativity and Nutrition to Drive Flavored CBD powder Demand Globally
With the rising consumption of natural products, consumers are strongly influenced by the nutritional benefits of flavored CBD powder and the added benefits of proteins, fiber, fats, vitamins, and minerals. Moreover, consumers strongly agree that flavored CBD powder enriches the taste of other food while being used as an ingredient.
Additionally, the importance of flavors that meet the expectations of more demanding and health-conscious consumers is therefore key. Innovation and distinctiveness need to be combined with consumer appeal and labeling considerations.
Growing Application of Flavored CBD powder Segment to Encourage the Market’s Growth Trajectory
The rising preference for international cuisines, availability of a wide variety of international brands of flavored CBD powder, and growing demand for no preservatives and natural flavors contribute to the growth of the flavored CBD powder market. The dynamics assisting the growth of the market are the consumer’s preference towards gluten-free diets and plant-based alternatives.
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Flavored CBD Powder Market: Key Players
Some of the key players manufacturing flavored CBD powder market are as follows-
- Tilray
- G&Juice
- NewAge Inc.
- Aurora Cannabis
- General Cannabis
- CBD Biotechnology Co. Ltd
- Puration
- Honey Drop Beverages among others.
Flavored CBD Powder: Market Segmentation
Based on Product Type:
- Alcoholic
- Non-Alcoholic
Based on Nature:
- Organic
- Conventional
Based on CBD Type:
- Hemp-Derived
- Marijuana-Derived
- Synthetic
Based on Region:
- North America
- USA and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, Argentina, and others
- Western Europe
- Germany, United Kingdom, France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, South Korea, Malaysia, Indonesia, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
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Flavored CBD Powder Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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