CBD Gummies Market Set to Achieve US$ 7,524.5 Million by 2033

The CBD gummies market is expected to be worth US$743.5 million in 2023. CBD gummy sales revenue is expected to reach US$7,524.5 million by 2033. Between 2023 and 2033, the CAGR will be 26%.

The CBD market has expanded quickly in recent years as people have grown increasingly interested in the possible benefits of CBD. CBD gummies are a handy way to take CBD, and they come in a number of flavours, making them more popular among the general public today.

As individuals have become increasingly interested in the potential benefits of CBD, the CBD market has grown quickly in recent years. CBD gummies are a handy way to consume CBD, and they are available in a number of flavours, making them more popular among the general public today.

Canberra was the first city in Australia to legalise cannabis for personal use, possession, and small-scale cultivation. The Therapeutic Goods Administration (TGA) is actively pursuing a safety study of CBD at lower concentrations, based on which Australian health authorities may soon modify CBD’s scheduling status and make it available over the counter in low doses. This started the trend and contributed to an increase in demand for CBD products in the market, favouring the sale of CBD gummies globally.

Expand Your Horizons! Get Our Report Sample Today and Enhance Your Understanding
https://www.futuremarketinsights.com/reports/sample/rep-gb-11697

There is no such thing as a one-size-fits-all approach to CBD. This is especially true when it comes to the various modes of consumption. Some people prefer smoking CBD oil, while others prefer a tincture. Overall, CBD gummies and other products are gaining popularity as people become more aware of their benefits.

CBD gummies have received a mixed response thus far. Some individuals adore them, while others find them overly sugary or fake in flavour. However, as more individuals experiment with CBD products, the CBD gummy industry is expected to expand.

Key Takeaways from CBD Gummies Market Study

  • The overall growth of the global CBD gummies market is estimated to be around US$ 6.5 Billion over the forecast years through 2032, by experiencing the astounding CAGR of 29%.
  • On the basis of different product types high CBD concentrated gummies are figured out to have acquired almost 28.2% of the total sales achieved last year.
  • For the distribution and sales of CBD gummies the conventional segment is the major contributor by contributing for nearly 54.6% in the last few years.
  • North America CBD gummies market leads all the broad geographical regions with United States having a total share of almost 42% in the global market.
  • Asia Pacific CBD gummies market is the fastest growing market with recent developments and adoption

Competitive Landscape for the Global CBD Gummies Market

Most companies in the market are focusing on getting certifications from international organizations such as Possession of Certificate of Analysis (COA) to gain a competitive edge. Key companies and brands assessed and profiled in the report for the global CBD Gummies market are:

Growing Americas CV Sciences, Charlotte’s Web, Verma Farms, PureKana, Dixie Brands Inc., Premium Jane, Kushie Bites, Sunday Scaries, Hemp Bombs, Reliva CBD Wellness, etc. And, in Europe some of the prominent market includes CBD Oil Europe, Medterra, Balance CBD, CBDfx, CBD Pure, etc.

Level Up Your Decisions! Get Your Tailored Report Now to Unleash Your Decision-Making Potential
https://www.futuremarketinsights.com/customization-available/rep-gb-11697

Recent Developments in the Global CBD Gummies Market:

To acquire a competitive edge over its rivals, CBD businesses have been putting numerous growth plans into practice, including mergers and acquisitions, the launch of new products, and an increase in manufacturing capacity. For illustration, CV Sciences, Inc. debuted its Happy Lane product line in August of the year 2020.

Key Segments of the CBD Gummies Market

Product Type:

  • High CBD Concentrated Gummies
  • CBD isolate Gummies
  • Broad-spectrum CBD Gummies
  • Full-spectrum CBD Gummies

Sale Channel:

  • Conventional Distribution Channel
    • Supermarket/ Hypermarket
    • Head shops/
    • Smoke shops
    • Local health stores
    • Others
  • Online Retailing

By Packaging:

  • Pouches
  • Bottles
  • Jars
  • Tins
  • Others

Table of Content

1.     Market Overview

1.1. Market Coverage / Taxonomy

1.2. Market Definition / Scope / Limitations

2.     The Massive Impact of the Crisis

2.1. Global CBD Gummies Market Forecast Scenario Comparison of Annual Growth Rates for short Term (2022-2026) and Long Term (2027-2032)

2.1.1. Optimistic Scenario

2.1.2. Likely Scenario

2.1.3. Pessimistic Scenario

2.2. Key Factors Impacting the Market

2.3. Note: Market Assessment shall be Provided for Likely Scenario

3.     Market Dynamics

3.1. Drivers

3.1.1. Supply Side Drivers

3.1.2. Demand Side drivers

3.1.3. Economic Side Drivers

3.2. Restraints

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these