Cannabis Infused Edible Products Market Size 2024 To 2032

• The global cannabis infused edible products market size reached USD19.5 Billion in 2023.
• The cannabis infused edible products market size is expected to reach USD 63.2 Billion by 2032, exhibiting a growth rate (CAGR) of 13.97% during 2024-2032.
• On a regional basis, the market is segregated into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
• Based on product type, the market is classified into food (chocolates, gummies, mints, brownies, and others), and beverages (energy drinks, fruit juices, herbal tea, and others).
• On the basis of distribution channels, the market is segmented into supermarkets and hypermarkets, convenience stores, specialist stores, online stores, and others.  
• The growth of the cannabis-infused edible products market is driven by the integration of advanced marketing strategies and the influence of digital platforms.
• Additionally, the rise of e-commerce and direct-to-consumer sales channels allows for easy, discreet access to products, appealing to customers who may prefer online shopping, thereby boosting the market share.  

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Industry Trends and Drivers:

• Shifting consumer perceptions:

Changing consumer perceptions has been pivotal in driving the market for cannabis edibles. Consumers are increasingly recognizing cannabis for its potential therapeutic benefits, including pain relief, stress management, and relaxation, which has broadened acceptance beyond recreational use. As societal attitudes shift and stigmas associated with cannabis consumption decline, more individuals are exploring cannabis as an alternative to traditional pharmaceuticals and alcoholic beverages. This trend is also fueled by the growing wellness movement, where consumers prioritize natural and plant-based products. Edibles are perceived as a safer, smoke-free method of consumption, appealing to health-conscious consumers who may be hesitant to inhale cannabis.

• Legalization and regulatory advancements:

With countries and states progressively legalizing cannabis for medical and recreational purposes, the regulatory environment is becoming more supportive of cannabis-derived products, particularly in North America and parts of Europe. In the U.S., for instance, state-level legalization has created a multi-billion-dollar industry with edibles representing a significant segment. Legalization efforts contribute to market growth by reducing the stigma around cannabis, promoting safe consumption practices, and establishing frameworks for regulated quality-controlled products.

Additionally, regulatory clarity encourages investments from established companies and new entrants, leading to a competitive market with increased availability and accessibility for consumers.

• Ongoing product innovation:

Ongoing product innovation is propelling the cannabis-infused edible market forward by catering to diverse consumer preferences and improving the overall experience. Companies are experimenting with new flavors, formats, and dosages, resulting in a wide variety of products such as gummies, chocolates, baked goods, and beverages. This variety enables consumers to select products tailored to their needs, whether they seek micro-dosed products for subtle effects or high-potency edibles for a stronger experience. Advances in technology have also enabled the production of edibles with faster onset times, addressing a common consumer concern about delayed effects.

Moreover, companies are increasingly focusing on precision in dosage control, which enhances user confidence in product consistency and safety. These innovations are making edibles more appealing to a broader audience and reinforcing their position as a popular choice within the cannabis market.       

Cannabis Infused Edible Products Market Report Segmentation:

Breakup By Product Type:

Food

• Chocolates
• Gummies
• Mints
• Brownies
• Others

Beverages

• Energy Drinks
• Fruit Juices
• Herbal Tea
• Others

Based on product type, the market is classified into food (chocolates, gummies, mints, brownies, and others), and beverages (energy drinks, fruit juices, herbal tea, and others).

Breakup By Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialist Stores
• Online Stores
• Others

On the basis of distribution channels, the market is segmented into supermarkets and hypermarkets, convenience stores, specialist stores, online stores, and others.

Breakup By Region:

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

On a regional basis, the market is segregated into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

Top Cannabis Infused Edible Products Market Leaders:

The cannabis infused edible products market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

• Baked Bros, Bhang Corp.
• Botanic Lab
• Cannabinoid Creations
• Canopy Growth Corporation
• Charlotte's Web
• Dixie Brands Inc.
• Grön Confections.
• Kats Botanicals
• Kaya Holdings Inc.
• Kiva Confections
• Koios Beverage Corp.
• Lord Jones (Zeus Cannabinoids, LLC)
• Medix CBD (CBD Capital Group)

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Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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