Global CBD Gummies Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global CBD Gummies Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

CBD gummies is made from CBD oil extracted from organically grown cannabis. CBD has played an active role in relieving anxiety, promoting sleep and relieving overall stress. CBD gummies can be sold through online and offline channels.

Market Overview:

The latest research study on the global CBD Gummies market finds that the global CBD Gummies market reached a value of USD 2024.5 million in 2022. It’s expected that the market will achieve USD 7103.34 million by 2028, exhibiting a CAGR of 23.27% during the forecast period.

Strength

The growing demand of food industry
With the rapid development of food industry, consumers' demand for new food is increasing. When consumers are looking for new ways to relax, they are increasingly aware of health and open to cannabis products. The growing demand of food industry will promote the development of CBD Gummies industry.
CBD gummies are easy to produce
Once the manufacturer determines an effective gummy recipe, it can be used well with CBD infusion, which can easily adapt to different products. This is one of the key reasons for the existence of many different CBD gummies, which usually match traditional candies in shape and taste. Participants in the CBD gummies industry are constantly increasing, thus promoting the development of the CBD gummies industry.

Weakness

Government Control
Although cannabis has been legalized in many states in the United States, the cannabis industry is still under strict supervision of the regulatory authorities. Government agencies, composed of local and state governments, supervise the production and distribution of cannabis to ensure that the company operates within the limits prescribed by law. These controls will increase the cost of the company.
Social prejudice factors
Related events and history make people think that cannabis is a very harmful thing. In fact, there are many kinds of cannabis, and cannabis is legally approved. Prejudice against cannabis leads to the slow process of legalization of cannabis in many countries, which hinders the cannabis industry. The promotion of CBD gummies is also limited.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

CW Hemp is one of the major players operating in the CBD Gummies market, holding a share of 2.38% in 2021.Charlotte's Web wasn't started as a company, it started as a mission to create a world where good health is attainable for all. The company is headquartered in Colorado, Boulder.

Aurora Cannabis Inc. is a world-renowned integrated cannabis company with an industry-leading reputation for continuously elevating and setting the global cannabis industry standard. Aurora provides a wide range of premium quality cannabis and hemp products and services, develops innovative technologies, promotes cannabis consumer health and wellness, and delivers an exceptional customer experience across all its brands. Aurora's operations span multiple continents and focuses on both the medical and recreational cannabis production and sales, patient education and clinic counselling services, home hydroponic cultivation, extraction technologies and delivery systems, and hemp-based food health products.

Segmentation Overview:

As for product types, the Low Concentrated segment held the largest market share in 2021.

Application Overview:

By application, the Offline segment occupied the biggest share from 2017 to 2022.

Key Companies in the global CBD Gummies market covered in Chapter 3:

Hemp Bombs
Medix CBD
CBDfx
Pure Kana
Aurora Cannabis Inc.
Diamond CBD
Dixie Brands Inc.
Canopy Growth Corp.
CV Sciences Inc.
Reliva CBD Wellness
Green Roads CBD
CW Hemp
Garden of Life
Premium Jane
Medterra CBD
Sunday Scaries
CBD American Shaman

In Chapter 4 and Chapter 14.2, on the basis of types, the CBD Gummies market from 2018 to 2029 is primarily split into:

High Concentrated
Low Concentrated

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the CBD Gummies market from 2018 to 2029 covers:

Online
Offline

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)