CBD Gummies Market Research Report: Information By Type (Full-spectrum CBD, Broad-Spectrum CBD, CBD Isolate), By Flavor (Berries, Lime, Peach, Apple, Blends, Others) and Category (Conventional & Vegan), By Distribution Channel (Store-Based & Non-Store-Based), By Region – Forecast till 2027
ID: MRFR/F-B & N/8920-HCR | February 2021 | Region: Global | 90 Pages
Table of Contents
1. EXECUTIVE SUMMARY
2. MARKET INTRODUCTION
2.1. Market Definition
2.2. Scope of the Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Market Structure
3. MARKET RESEARCH METHODOLOGY
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
4. MARKET LANDSCAPE
4.1. Supply Chain Analysis
4.1.1. Raw Material Suppliers
4.1.2. Manufacturers/Producers
4.1.3. Distributors/Retailers/Wholesalers/E-Commerce
4.1.4. Categories
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitutes
4.2.5. Rivalry
5. MARKET DYNAMICS OF THE GLOBAL CBD GUMMIES MARKET
5.1. Introduction
5.2. Drivers
5.3. Restraints
5.4. Opportunities
5.5. Challenges
6. GLOBAL CBD GUMMIES MARKET, BY TYPE
6.1. Introduction
6.2. Full-spectrum CBD
6.2.1. Market Estimates & Forecast, 2020–2027
6.2.2. Market Estimates & Forecast, by Region, 2020–2027
6.3. Broad-Spectrum CBD
6.3.1. Market Estimates & Forecast, 2020–2027
6.3.2. Market Estimates & Forecast, by Region, 2020–2027
6.4. CBD Isolate
6.4.1. Market Estimates & Forecast, 2020–2027
6.4.2. Market Estimates & Forecast, by Region, 2020–2027
7. GLOBAL CBD GUMMIES MARKET, BY FLAVOR
7.1. Introduction
7.2. Berries
7.2.1. Market Estimates & Forecast, 2020–2027
7.2.2. Market Estimates & Forecast, by Region, 2020–2027
7.3. Lime
7.3.1. Market Estimates & Forecast, 2020–2027
7.3.2. Market Estimates & Forecast, by Region, 2020–2027
7.4. Peach
7.4.1. Market Estimates & Forecast, 2020–2027
7.4.2. Market Estimates & Forecast, by Region, 2020–2027
7.5. Apple
7.5.1. Market Estimates & Forecast, 2020–2027
7.5.2. Market Estimates & Forecast, by Region, 2020–2027
7.6. Blends
7.6.1. Market Estimates & Forecast, 2020–2027
7.6.2. Market Estimates & Forecast, by Region, 2020–2027
7.7. Others
7.7.1. Market Estimates & Forecast, 2020–2027
7.7.2. Market Estimates & Forecast, by Region, 2020–2027
8. GLOBAL CBD GUMMIES MARKET, BY CATEGORY
8.1. Introduction
8.2. Conventional
8.2.1. Market Estimates & Forecast, 2020–2027
8.2.2. Market Estimates & Forecast, by Region, 2020–2027
8.3. Vegan
8.3.1. Market Estimates & Forecast, 2020–2027
8.3.2. Market Estimates & Forecast, by Region, 2020–2027
9. GLOBAL CBD GUMMIES MARKET, BY DISTRIBUTION CHANNEL
9.1. Introduction
9.2. Store-Based
9.2.1. Market Estimates & Forecast, 2020–2027
9.2.2. Market Estimates & Forecast, by Region, 2020–2027
9.3. Non-Store-Based
9.3.1. Market Estimates & Forecast, 2020–2027
9.3.2. Market Estimates & Forecast, by Region, 2020–2027
10. GLOBAL CBD GUMMIES MARKET, BY REGION
10.1. Introduction
10.2. North America
10.2.1. Market Estimates & Forecast, 2020–2027
10.2.2. Market Estimates & Forecast, by Type, 2020–2027
10.2.3. Market Estimates & Forecast, by Flavor, 2020–2027
10.2.4. Market Estimates & Forecast, by Category, 2020–2027
10.2.5. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.2.6. Market Estimates & Forecast, by Country, 2020–2027
10.2.7. US
10.2.7.1. Market Estimates & Forecast, by Type, 2020–2027
10.2.7.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.2.7.3. Market Estimates & Forecast, by Category, 2020–2027
10.2.7.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.2.8. Canada
10.2.8.1. Market Estimates & Forecast, by Type, 2020–2027
10.2.8.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.2.8.3. Market Estimates & Forecast, by Category, 2020–2027
10.2.8.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.2.9. Mexico
10.2.9.1. Market Estimates & Forecast, by Type, 2020–2027
10.2.9.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.2.9.3. Market Estimates & Forecast, by Category, 2020–2027
10.2.9.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.3. Europe
10.3.1. Market Estimates & Forecast, 2020–2027
10.3.2. Market Estimates & Forecast, by Type, 2020–2027
10.3.3. Market Estimates & Forecast, by Flavor, 2020–2027
10.3.4. Market Estimates & Forecast, by Category, 2020–2027
10.3.5. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.3.6. Market Estimates & Forecast, by Country, 2020–2027
10.3.7. Germany
10.3.7.1. Market Estimates & Forecast, by Type, 2020–2027
10.3.7.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.3.7.3. Market Estimates & Forecast, by Category, 2020–2027
10.3.7.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.3.8. UK
10.3.8.1. Market Estimates & Forecast, by Type, 2020–2027
10.3.8.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.3.8.3. Market Estimates & Forecast, by Category, 2020–2027
10.3.8.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.3.9. France
10.3.9.1. Market Estimates & Forecast, by Type, 2020–2027
10.3.9.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.3.9.3. Market Estimates & Forecast, by Category, 2020–2027
10.3.9.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.3.10. Spain
10.3.10.1. Market Estimates & Forecast, by Type, 2020–2027
10.3.10.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.3.10.3. Market Estimates & Forecast, by Category, 2020–2027
10.3.10.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.3.11. Italy
10.3.11.1. Market Estimates & Forecast, by Type, 2020–2027
10.3.11.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.3.11.3. Market Estimates & Forecast, by Category, 2020–2027
10.3.11.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.3.12. Rest of Europe
10.3.12.1. Market Estimates & Forecast, by Type, 2020–2027
10.3.12.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.3.12.3. Market Estimates & Forecast, by Category, 2020–2027
10.3.12.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.4. Asia-Pacific
10.4.1. Market Estimates & Forecast, 2020–2027
10.4.2. Market Estimates & Forecast, by Type, 2020–2027
10.4.3. Market Estimates & Forecast, by Flavor, 2020–2027
10.4.4. Market Estimates & Forecast, by Category, 2020–2027
10.4.5. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.4.6. Market Estimates & Forecast, by Country, 2020–2027
10.4.7. China
10.4.7.1. Market Estimates & Forecast, by Type, 2020–2027
10.4.7.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.4.7.3. Market Estimates & Forecast, by Category, 2020–2027
10.4.7.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.4.8. Japan
10.4.8.1. Market Estimates & Forecast, by Type, 2020–2027
10.4.8.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.4.8.3. Market Estimates & Forecast, by Category, 2020–2027
10.4.8.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.4.9. India
10.4.9.1. Market Estimates & Forecast, by Type, 2020–2027
10.4.9.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.4.9.3. Market Estimates & Forecast, by Category, 2020–2027
10.4.9.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.4.10. Australia & New Zealand
10.4.10.1. Market Estimates & Forecast, by Type, 2020–2027
10.4.10.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.4.10.3. Market Estimates & Forecast, by Category, 2020–2027
10.4.10.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.4.11. Rest of Asia-Pacific
10.4.11.1. Market Estimates & Forecast, by Type, 2020–2027
10.4.11.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.4.11.3. Market Estimates & Forecast, by Category, 2020–2027
10.4.11.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.5. Rest of the World
10.5.1. Market Estimates & Forecast, 2020–2027
10.5.2. Market Estimates & Forecast, by Type, 2020–2027
10.5.3. Market Estimates & Forecast, by Flavor, 2020–2027
10.5.4. Market Estimates & Forecast, by Category, 2020–2027
10.5.5. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.5.6. Market Estimates & Forecast, by Country, 2020–2027
10.5.7. South America
10.5.7.1. Market Estimates & Forecast, by Type, 2020–2027
10.5.7.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.5.7.3. Market Estimates & Forecast, by Category, 2020–2027
10.5.7.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.5.8. Middle East
10.5.8.1. Market Estimates & Forecast, by Type, 2020–2027
10.5.8.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.5.8.3. Market Estimates & Forecast, by Category, 2020–2027
10.5.8.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
10.5.9. Africa
10.5.9.1. Market Estimates & Forecast, by Type, 2020–2027
10.5.9.2. Market Estimates & Forecast, by Flavor, 2020–2027
10.5.9.3. Market Estimates & Forecast, by Category, 2020–2027
10.5.9.4. Market Estimates & Forecast, by Distribution Channel, 2020–2027
11. COMPETITIVE LANDSCAPE
11.1. Introduction
11.2. Market Strategy
11.3. Key Development Analysis
(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)
12. COMPANY PROFILES
12.1. Charlotte’s Web
12.1.1. Company Overview
12.1.2. Financial Updates
12.1.3. Product/Business Segment Overview
12.1.4. Strategies
12.1.5. Key Developments
12.1.6. SWOT Analysis
12.2. CV Sciences
12.2.1. Company Overview
12.2.2. Financial Updates
12.2.3. Product/Business Segment Overview
12.2.4. Strategies
12.2.5. Key Developments
12.2.6. SWOT Analysis
12.3. Green Roads World
12.3.1. Company Overview
12.3.2. Financial Updates
12.3.3. Product/Business Segment Overview
12.3.4. Strategies
12.3.5. Key Developments
12.3.6. SWOT Analysis
12.4. Medterra
12.4.1. Company Overview
12.4.2. Financial Updates
12.4.3. Product/Business Segment Overview
12.4.4. Strategies
12.4.5. Key Developments
12.4.6. SWOT Analysis
12.5. Balanced Health Botanicals
12.5.1. Company Overview
12.5.2. Financial Updates
12.5.3. Product/Business Segment Overview
12.5.4. Strategies
12.5.5. Key Developments
12.5.6. SWOT Analysis
12.6. Dixie Brands Inc
12.6.1. Company Overview
12.6.2. Financial Updates
12.6.3. Product/Business Segment Overview
12.6.4. Strategies
12.6.5. Key Developments
12.6.6. SWOT Analysis
12.7. Medix Wellness LTD
12.7.1. Company Overview
12.7.2. Financial Updates
12.7.3. Product/Business Segment Overview
12.7.4. Strategies
12.7.5. Key Developments
12.7.6. SWOT Analysis
12.8. Diamond CBD
12.8.1. Company Overview
12.8.2. Financial Updates
12.8.3. Product/Business Segment Overview
12.8.4. Strategies
12.8.5. Key Developments
12.8.6. SWOT Analysis
12.9. Premium Jane
12.9.1. Company Overview
12.9.2. Financial Updates
12.9.3. Product/Business Segment Overview
12.9.4. Strategies
12.9.5. Key Developments
12.9.6. SWOT Analysis
12.10. CBDfx
12.10.1. Company Overview
12.10.2. Financial Updates
12.10.3. Product/Business Segment Overview
12.10.4. Strategies
12.10.5. Key Developments
12.10.6. SWOT Analysis
13. CONCLUSION
LIST OF TABLES
TABLE 1 Global CBD Gummies Market, by Region, 2020–2027 (USD Million)
TABLE 2 Global CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 3 Global CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 4 Global CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 5 Global CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 6 North America: CBD Gummies Market, by Region, 2020–2027 (USD Million)
TABLE 7 North America: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 8 North America: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 9 North America: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 10 North America: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 11 US: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 12 US: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 13 US: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 14 US: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 15 Canada: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 16 Canada: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 17 Canada: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 18 Canada: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 19 Mexico: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 20 Canada: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 21 Mexico: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 22 Mexico: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 23 Europe: CBD Gummies Market, by Region, 2020–2027 (USD Million)
TABLE 24 Europe: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 25 Europe: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 26 Europe: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 27 Europe: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 28 Germany: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 29 Germany: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 30 Germany: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 31 Germany: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 32 France: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 33 France: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 34 France: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 35 France: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 36 Italy: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 37 Italy: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 38 Italy: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 39 Italy: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 40 Spain: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 41 Spain: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 42 Spain: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 43 Spain: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 44 UK: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 45 UK: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 46 UK: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 47 UK: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 48 Rest of Europe: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 49 Rest of Europe: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 50 Rest of Europe: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 51 Rest of Europe: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 52 Asia-Pacific: CBD Gummies Market, by Region, 2020–2027 (USD Million)
TABLE 53 Asia-Pacific: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 54 Asia Pacific: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 55 Asia-Pacific: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 56 Asia-Pacific: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 57 China: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 58 China: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 59 China: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 60 China: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 61 India: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 62 India: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 63 India: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 64 India: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 65 Japan: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 66 Japan: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 67 Japan: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 68 Japan: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 69 Rest of Asia-Pacific: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 70 Rest of Asia-Pacific: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 71 Rest of Asia-Pacific: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 72 Rest of Asia-Pacific: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 73 Rest of the World (RoW): CBD Gummies Market, by Region, 2020–2027 (USD Million)
TABLE 74 Rest of the World (RoW): CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 75 Rest of the World (RoW): CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 76 Rest of the World (RoW): CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 77 Rest of the World (RoW): CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 78 South America: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 79 South America: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 80 South America: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 81 South America: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 82 Middle East: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 83 Middle East: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 84 Middle East: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 85 Middle East: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 86 Africa: CBD Gummies Market, by Type, 2020–2027 (USD Million)
TABLE 87 Africa: CBD Gummies Market, by Flavor, 2020–2027 (USD Million)
TABLE 88 Africa: CBD Gummies Market, by Category, 2020–2027 (USD Million)
TABLE 89 Africa: CBD Gummies Market, by Distribution Channel, 2020–2027 (USD Million)
LIST OF FIGURES
FIGURE 1 Global CBD Gummies Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of the Global CBD Gummies Market
FIGURE 4 Value Chain of the Global CBD Gummies Market
FIGURE 5 Share of the Global CBD Gummies Market in 2020, by Country (%)
FIGURE 6 Global CBD Gummies Market, by Region, 2020–2027,
FIGURE 7 Global CBD Gummies Market Size, by Type, 2020
FIGURE 8 Share of the Global CBD Gummies Market, by Type, 2020–2027 (%)
FIGURE 7 Global CBD Gummies Market Size, by Flavor, 2020
FIGURE 8 Share of the Global CBD Gummies Market, by Flavor, 2020–2027 (%)
FIGURE 9 Global CBD Gummies Market Size, by Category, 2020
FIGURE 10 Share of the Global CBD Gummies Market, by Category, 2020–2027 (%)
FIGURE 11 Global CBD Gummies Market Size, by Distribution Channel, 2020
FIGURE 12 Share of the Global CBD Gummies Market, by Distribution Channel, 2020–2027 (%)
CBD Gummies Market
The global CBD gummies market is expected to grow at a Compound Annual Growth Rate ( CAGR ) of 30.7 % over the forecast period ( 2021-2028 )
$ 13.9 billion
Market Size
30.7%
CAGR
North America
Dominating Region
2021 -2028
Forecast Period
Segmentation
Key Players
- CHARLOTTE’S WEB (US)
- CV Sciences (US)
- Green Roads World (US)
- Medterra (US)
- Balanced Health Botanicals (US)
- Dixie Brands Inc (US)
- Medix Wellness LTD (US)
- Diamond CBD (US)
- Premium Jane (US)
- CBDfx (US)
Drivers
- Growing popularity of CBD products in health and wellness industry
- Effective marketing strategies
- The advent of e-commerce platforms
CBD Gummies Market Analysis
The CBD gummies market is witnessing rapid growth with an increase in awareness about the health benefits of CBD. The global market was valued at USD 1.6 billion in 2020. CBD gummies are one of the easiest sources of cannabidiol and are highly palatable and do not leave an aftertaste. Their pleasant taste and health benefits are leading to their popularity.
CBD gummies are sweet chewy candies infused with cannabidiol, a hemp product. They are used as a treatment for stress, pain, anxiety, depression, insomnia, etc., and have calming effects on the body. Moreover, CBD products including CBD gummies are used for treating epilepsy. The market of CBD gummies is expanding owing to their great medicinal benefits. The global CBD gummies market is expected to grow at a Compound Annual Growth Rate ( CAGR ) of 30.7 % over the forecast period ( 2021-2028 ).
CBD gummies are non-psychoactive and don't lead to any type of addiction. The high demand for these gummies has led to the entry of different players in the market with unique products. Moreover, relaxations in government norms for industrial hemp cultivation are also helping the market to grow significantly. The global CBD gummies market is expected to be worth USD 13.9 billion by the end of the current forecast period in 2028.
Covid 19 Analysis
Covid-19 pandemic had a mixed impact on the global CBD gummies market. The temporary shutting down of Industrial units led to a significant fall in the production of CBD gummies. Moreover, there was also a decline in their sale during the period owing to the financial constraints on individuals. Furthermore, restrictions on travel and movement of goods hampered the distribution and supply chain of the Global market. However, the increase in awareness regarding the importance of health products has led to the demand generation of CBD gummies too. Its use in stress handling and insomnia treatment increased over the period.
Market Dynamics
Drivers
The growing popularity of CBD or cannabidiol products along with the increasing legalization of hemp cultivation are the major factors driving the growth of the global CBD gummies market. These gummies play an important role in stress and anxiety handling and treatment of insomnia. The rising cases of insomnia with the prevalence of a sedentary lifestyle are also increasing the demand for cannabidiol gummies. The great medicinal benefits of cannabidiol gummies are the major cause for their high demand in the market
These gummies are easy to consume, non-addictive, have no aftertaste, and also come in a wide range of attractive shapes. Therefore, different developments in composition like gluten-free gummies and also in the appearance of gummies are boosting the market demand. Many governments around the world are looking for relaxation in regulatory approvals for cannabidiol products which is a positive factor for the growth of the global CBD gummies market.
Restraints
The stringent regulatory approvals for cannabidiol products are a major hindrance to the growth of the cannabidiol market. Moreover, lack of awareness about the health benefits of cannabidiol is a major cause for less demand for the product. Furthermore, bad perceptions regarding hemp products among common people are also hampering the growth of the global CBD gummies market.
Technology Analysis
CBD gummies or cannabidiol gummies refer to chewy, sweet candies infused with cannabidiol. Cannabidiol or CBD is a medicinal compound extracted from hemp plants that are antagonistic in behavior to the psychoactive substance of the hemp plant, the THC. Therefore, these gummies have pharmaceutical applications for relieving stress, pain, anxiety, depression, insomnia, inflammation, and many more. Moreover, CBD gummies are also used for the treatment of epilepsy.
There are three major types of gummies available in the market: full-spectrum, broad-spectrum and CBD isolate. The full spectrum gummies contain all of the hemp plant's cannabinoids including THC, the broad-spectrum gummies contain all cannabinoids but no THC. The isolate is the pure form of cannabidiol containing no other compounds from the hemp plant. Gummies are chewy pectin products available in different fruity flavors.
Study Objectives
The specific objectives of this market report on the CBD gummies market report are given below:
- To provide a complete overview of the market.
- To analyze and forecast the market in terms of value and volume.
- To provide information about the impact of covid 19 on the market.
- To point out the problems and prospects of the market
- To give technical details about the product.
- To provide an overview of the regional markets and other market segments.
- To identify the key players of the CBD gummies industry.
Segment Analysis
Segmentation of the global market, By Type
- Full-spectrum CBD
- Broad-Spectrum CBD
- CBD Isolate
The CBD isolate segment accounts for most of the gummies type by holding about 52 % of the total market. This dominance is due to the rising demand for gummies having only cannabidiol. The other two types have some other compounds of the hemp plant including THC in the full spectrum type. Therefore, the majority of the consumers are refraining from the other two types.
Segmentation of the global market, by Flavor
- Berries
- Lime
- Peach
- Apple
- Blends
- Others
Berries flavored CBD gummies are the most popular type globally. Their unique flavor and attractive colors attract more customers to choose the type.
Segmentation of the global market, by Category
- Conventional
- Vegan
The conventional types dominate the market currently but the vegan type is increasing its market share. The growing awareness regarding the importance of vegan products is leading to a significant increase in the demand for vegan-type gummies.
Segmentation of the global CBD market, by Distribution Channel
- Store-Based
- Non-Store-Based
Non-store based segment is growing at a higher rate owing to the increasing penetration of the internet. One can get easy access to the products on online sites rather than searching for them in retail stores. The easy delivery process of e-commerce companies is attracting more customers to the non-store-based segment.
Regional Analysis
The different regional markets for the global market are:
North America
- US
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia & New Zealand
- Rest of Asia-Pacific
Rest of the world ( RoW )
- The Middle East
- South America
- Africa
North America holds the largest share of the global CBD gummies market. This dominance is due to the legalization of CBD gummies and increasing awareness about their medicinal properties. The 2018 US farm bill regarding the legalization of cannabidiol products is a major development towards market expansion in this region.
Europe also holds a significant share of the global CBD gummies market due to increasing awareness about the importance of cannabidiol. The greater population of health-conscious people in this region generates higher demand for the product.
The Market in Asia-pacific is growing with an increase in awareness about such products. Lessening restriction norms and increasing acceptance of the product will fuel the growth of the cannabidiol gummies market here. Similarly, the market in the Middle East and Latin America is also expanding significantly. The African segment is expected to grow at a moderate rate over the forecast period.
Competitive Landscape
The major global companies playing a key role in the CBD Gummies market are :
- CHARLOTTE’S WEB (US)
- CV Sciences (US)
- Green Roads World (US)
- Medterra (US)
- Balanced Health Botanicals (US)
- Dixie Brands Inc (US)
- Medix Wellness LTD (US)
- Diamond CBD (US)
- Premium Jane (US)
- CBDfx (US)
Recent Developments
In September 2021, Charlotte's Web, a leading hemp extract wellness products brand, announced the launch of three new Charlotte's Web™ Gummies to its gummies portfolio. The three gummies viz. New Daily Wellness, THC-Free, and Immunity gummies are now available online and across different retail stores in the US.
Intended Audience
This report will be beneficial for every stakeholder of the market such as :
- CBD gummies manufacturer
- Raw material suppliers
- R&D institutes
- Traders and distributors
- Potential investors
Report Overview
This report from Market Research Future provides an in-depth analysis of the CBD Gummies market in terms of current value and future forecast. This report has also highlighted the problems and prospects of the given market.
Moreover, the technological analysis section of the report will help in knowing the product and its market prospects. Furthermore, this report contains a detailed analysis of different market segments for the current forecast period. This report has also identified the key players and the current developments in the CBD Gummies market.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 257 Million (2019) |
| CAGR | 12% (2020-2027) |
| Base Year | 2019 |
| Forecast Period | 2027 |
| Historical Data | 2018-2019 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, By Flavour and Category, By Distribution Channel, By Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | CHARLOTTE’S WEB (US), CV Sciences (US), Green Roads World (US), Medterra (US), Balanced Health Botanicals (US), Dixie Brands Inc (US), Medix Wellness LTD (US), Diamond CBD (US), Premium Jane (US), CBDfx (US) |
| Key Market Opportunities | Rising popularity of CBD-infused products for medicinal and recreational purpose across the US and parts of Europe has led to the growth. |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
CHARLOTTE’S WEB (US), CV Sciences (US), Green Roads World (US), Medterra (US), Balanced Health Botanicals (US), Dixie Brands Inc (US), Medix Wellness LTD (US), Diamond CBD (US), Premium Jane (US), CBDfx (US)
The growing popularity of CBD or cannabidiol products along with the increasing legalization of hemp cultivation are the major factors driving the growth of the global CBD gummies market.
North America holds the largest share of the global CBD gummies market owing to greater awareness about cannabidiol and its benefits.
The CBD isolate segment accounts for most of the gummies type by holding about 52 % of the total market.
