CBD-infused Ice Cream Market Forecasts to 2030 – Global Analysis By Type (Full-Spectrum CBD-infused Ice Cream, Broad-Spectrum CBD-infused Ice Cream, CBD Isolate-infused Ice Cream and Other Types), Product, Distribution Channel and by Geography

CBD-infused Ice Cream Market Forecasts to 2030 – Global Analysis By Type (Full-Spectrum CBD-infused Ice Cream, Broad-Spectrum CBD-infused Ice Cream, CBD Isolate-infused Ice Cream and Other Types), Product, Distribution Channel and by Geography

According to Stratistics MRC, the Global CBD-infused Ice Cream Market is growing at a CAGR of 6.3% during the forecast period. CBD-infused ice cream is a delightful and inventive treat that combines the health benefits of cannabidiol (CBD) with the creamy indulgence of traditional ice cream. The hemp plant contains CBD, a non-psychoactive substance that is well-known for its ability to ease pain, encourage relaxation, and lower anxiety. It provides a special way to savor these possible advantages in a tasty form when combined with ice cream. Additionally, the popularity of this trend has increased as more individuals look for ways to enjoy a traditional dessert while incorporating CBD into their daily routines.

According to the American Heart Association, maintaining a balanced diet and regular physical activity are crucial for reducing the risk of heart disease and promoting overall cardiovascular health.

Market Dynamics:

Driver:

Growing adoption of CBD products

The increasing awareness among consumers of the potential therapeutic benefits of CBD products has led to a surge in interest in these products. Without the euphoric effects of THC, CBD, a non-psychoactive compound derived from hemp, has gained attention for its ability to reduce pain, anxiety, and insomnia symptoms. Manufacturers are being prompted by this trend to look into novel ways to add CBD to ice cream and other consumables. Moreover, the demand for CBD-infused ice cream is rising as the market for CBD products grows and more people look for fun and easy ways to incorporate CBD into their daily lives.

Restraint:

Elevated production expenses

When compared to regular ice cream, the production of CBD-infused ice cream entails a number of additional expenses. High-quality CBD extracts in particular can be costly, and adding them to food items calls for specific tools and procedures. Customers frequently pay more for these higher production costs, which can restrict the market to people who can afford to pay more. Furthermore, the cost is further increased by the requirement for stringent quality assurance and testing to guarantee the reliability and security of CBD content.

Opportunity:

Partnership with wellness and health brands

CBD-infused ice cream can benefit from synergistic partnerships with well-known health and wellness companies. Partnering with businesses that specialize in organic, fitness, or holistic health products can increase a brand's reach and credibility. Moreover, consumer trust in CBD-infused ice cream can be increased through cooperative marketing initiatives, co-branded goods, or advertising campaigns involving wellness advocates and health-conscious influencers.

Threat:

Uncertainty regarding regulations

The legal landscape surrounding goods infused with CBD is still a moving target with uneven laws in various states. Modifications to rules or methods of enforcement may have a big effect on the market. Stricter laws or prohibitions, for example, on the use of CBD in foods and beverages may restrict market opportunities or necessitate expensive changes to product formulations and compliance procedures. Additionally, it can be resource-intensive for businesses to maintain the constant monitoring and adaptability needed to navigate this regulatory environment.

Covid-19 Impact:

The market for ice cream infused with CBD was somewhat affected by the COVID-19 pandemic. On the one hand, as people looked for ways to manage stress and anxiety during uncertain times, the pandemic accelerated interest in wellness products, including CBD, potentially increasing demand for ice cream infused with CBD. However, supply chain disruptions, a decline in consumer spending on high-end goods, and the temporary closure of retail stores and foodservice channels all had an impact on market expansion. Manufacturers faced difficulties as a result of the pandemic's increased regulatory scrutiny and product approval delays.

The Full-Spectrum CBD-infused Ice Cream segment is expected to be the largest during the forecast period

It is projected that the Full-Spectrum CBD-infused ice cream segment will have the largest market share. The popularity of this segment is due to its extensive profile, which covers a wide range of beneficial compounds found in the cannabis plant, such as terpenes and cannabinoids. Because of their ability to produce an entourage effect—a more comprehensive and synergistic effect—full-spectrum CBD products are preferred. Additionally, it is thought that these additional compounds will augment the medicinal advantages of CBD, which is why Full-Spectrum CBD-infused ice cream is especially desirable to customers looking for a stronger flavor.

The Chocolate Flavour segment is expected to have the highest CAGR during the forecast period

The market segment with the highest predicted CAGR is chocolate flavour. Chocolate has always been popular, and it works well with CBD, which is why this market is growing quickly. Chocolate's decadent, rich flavour complements the earthy, subtle notes of CBD while also enhancing the overall sensory experience. Moreover, chocolate flavour stands out for its broad appeal and the ease with which it can be blended with CBD, which is fueling its remarkable growth rate as consumers look for more gourmet and innovative CBD-infused products.

Region with largest share:

The market for ice cream infused with CBD is dominated by North America. The region's early adoption of CBD products, a pro-business regulatory climate, and high levels of consumer awareness are the main drivers of its dominance. The market has grown significantly in the United States and Canada as a result of the growing acceptance of CBD in a variety of food and beverage products, as well as a growing interest in wellness and cutting-edge culinary experiences. Furthermore, North America's dominant position in the market for ice cream infused with CBD is further supported by strong distribution networks and a loyal customer base.

Region with highest CAGR:

The market for ice cream with CBD is growing at the highest CAGR in the Asia-Pacific region. A growing middle class with more disposable income, a growing trend toward wellness and natural remedies, and growing consumer interest in CBD products are the main drivers of this growth. There is a surge in market opportunities as regulatory frameworks in several countries within the region gradually become more favourable towards CBD. Moreover, the region's dynamic growth in the market for CBD-infused ice cream is also attributed to the fast urbanization and growing food and beverage sector in nations like South Korea, Australia, Japan, and South Korea.

Key players in the market

Some of the key players in CBD-infused Ice Cream market include Eden Ice Cream, Halo Top International LLC (Wells Enterprises Inc.), CBD Global Sciences, Inc., Van Leeuwen, Ben & Jerry's Homemade Holdings Inc., SpaceCream, Endocan Corporation, Chill Brands LLC, Mellow Ice Cream and Baskin-Robbins (Dunkin' Brands Group, Inc.).

Key Developments:

In August 2022, UK-based Chill Brands has entered into a brokerage agreement with Bellator Group LLC to support and expand US distribution of its product lines. Bellator will be working closely with Chill Brands‘internal sales team to monitor market trends. This will enable Chill Brands to gather more accurate data and adapt its sales plans to improve the uptake of Chill products by retail buyers and consumers.

In August 2021, Endocan Solutions Inc. is pleased to announce that it has executed an amendment to the share exchange agreement among Endocan, Nirvana Life Sciences Inc. (""Nirvana"") and the shareholders of Nirvana. The Amendment reflects the fact that Endocan will be acquiring 39,455,095 Nirvana shares instead of 39,827,095 shares. All other terms of the share exchange agreement remain the same.

In April 2021, Dunkin’, America’s favorite all-day, everyday stop for coffee and baked goods, today announced the signing of store development agreements across Texas with new franchisee Priceless Coffee, Inc. and existing franchisee Gratitude Restaurant Group, Inc. Each franchise group will open 10 new Dunkin’ restaurants throughout Dallas and four multi-brand locations with Baskin-Robbins, the world’s largest chain of ice cream specialty shops.

Types Covered:
• Full-Spectrum CBD-infused Ice Cream
• Broad-Spectrum CBD-infused Ice Cream
• CBD Isolate-infused Ice Cream
• Other Types

Products Covered:
• Chocolate Flavour
• Strawberry Flavour
• Banana Flavour
• Vanilla Flavour
• Other Products

Distribution Channels Covered:
• Online Retail
• Offline

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements