The global CBD gummies market is witnessing substantial growth owing to the rising awareness about the health benefits of cannabidiol (CBD) products. CBD is a non-intoxicating compound found in cannabis plants that is known to provide relief from conditions like anxiety, depression, pain, and insomnia. With people increasingly preferring natural remedies over pharmaceutical drugs to manage minor health issues, the adoption of CBD gummies as an alternative treatment option has increased significantly. Moreover, CBD products are legal in majority of countries as they contain only traces of Tetrahydrocannabinol (THC) or no THC at all. This wide acceptance and growing reliability on CBD-infused nutrition supplements are expected to drive the demand for CBD gummies across the world over the forecast period.
Market Dynamics:
The global CBD gummies market is driven by the growing demand for functional and nutritional snacks infused with active and herbal ingredients. Rising awareness about various health benefits of CBD such as relief from inflammation, pain management, improved sleep, and anxiety reduction has fueled the sales of CBD edibles including gummies. Moreover, legalization of cannabis-derived products with low THC concentration in various countries has eased the regulations for CBD suppliers, thereby facilitating market growth. However, threat of substitutes such as other CBD edibles and oils and complex manufacturing regulations are expected to hamper the market expansion. Meanwhile, innovations in tastes and introduction of vegan, sugar-free, and high-potency variants by major players are expected to create lucrative opportunities for CBD gummy companies in the coming years.
Key Features of the Study:
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