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CBD-Infused Confectionery Market: By Product Type (Hard Candies, Soft Confectioneries), By Category (Sugar-Based, Sugar-Free), By Distribution Channel (Store-Based, Non-Store-Based) And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
Cannabidiol candy is a type of CBD consumable. CBD, a medicinal component isolated from the marijuana plant, is present. CBD-infused confectionery is available in a variety of shapes and sizes, just like normal sweets. It's the most discreet way to take CBD. The CBD sector is gaining traction all over the world. CBD bath bombs, CBD chocolates, CBD cosmetics, CBD vapes, and CBD toothpicks are just a few of the CBD goods on the market. CBD edibles are also available in the form of confectionaries, such as gummies and sweets. CBD-infused confectionary has the proper amount of CBD hemp extract in a healthy dose.
The global CBD-Infused Confectionery Market to surpass USD 14.9 billion by 2031 from USD 4.6 billion in 2021 at a CAGR of 12.5% in the coming years, i.e., 2021-31. CBD-infused candy is a part of confectionery products. It's a tasty product with health benefits like anxiety, stress, and sleeplessness relief. To be effective, CBD-infused sweets should be chewed and consumed. The market is being propelled forward by the approval of CBD production in numerous countries throughout the world. The market for CBD-infused confectionery is expected to grow in the future years as consumer demand for preventative healthcare products grows.
The global CBD-infused confectionary market is classified into two categories: sugar-based and sugar-free. The sugar-based segment had a highest market share. Sugar-based CBD-infused candy is CBD-infused confectionery manufactured with sugar syrups as a basis. The global population's desire for sugar-based products, such as CBD-infused confectionary, is declining, posing various difficulties to the segment's growth. Consumers are shifting to sugar-free CBD-infused confectionery due to rising health awareness and the rising prevalence of diabetes and many other cardiovascular ailments. Sugar-based CBD-infused confectionery goods are seeing a drop in sales as a result of this.
The global CBD-infused confectionery market has been divided into store-based and non-store-based segments depending on the distribution channel. In 2020, the store-based segment had a greater market share. Supermarkets and hypermarkets are expected to be the most popular sub-segment as they sell the most CBD-infused candy.
The usage of hemp-based CBD has been approved in several nations as people become more aware of its benefits. The evidence for cannabis' legitimate medical use can be found in a variety of indications, including chemotherapy-induced nausea and vomiting, HIV/AIDS cachexia, spasticity in multiple sclerosis, and neuropathic pain. A few acts and bills also established a joint regulatory authority for hemp production between the states and the federal government.
Product innovation with respect to formulas and packaging drives the CBD-infused confectionery business. Demand for CBD-infused confectionary has surged significantly over the years all around the world, alongside regular sweets. Furthermore, the increasing legality of CBD in many areas of the world has raised the demand for CBD-infused confectionery, which is expected to continue throughout the forecast period.
Cannabis, despite its medical benefits, has significant health repercussions. Addiction, altered brain development, cognitive impairment, lower life satisfaction, can all result from high doses or long-term cannabis use. It's also been discovered that starting to use cannabis-based products as a teenager has harmful implications. For these reasons, CBD's legality is still debatable in many areas, and many countries have imposed tight restrictions on its use.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The global CBD-infused confectionery market was dominated by North America in 2020, and this growth is projected to continue during the forecast period. CBD products have sparked public interest in the region, given to promising clinical research for healing several illnesses and other health benefits. According to Fatpos Global, the CBD-infused confectionery industry is among the fastest-growing segments of the overall CBD market. CBD-infused confectionery foods are tempting due to their appearance. They also have a superior flavor to CBD oil or CBD tablets.
The CBD business may expect high consumption, especially among regular users, indicating how the market may perform in the coming weeks and months. Furthermore, in a survey of CBD users, 39% said they planned to use more CBD during the COVID-19 issue. This is especially true among Millennials and Gen Z customers, with 49% planning to use CBD more in the following weeks and months.
REPORT ATTRIBUTE |
DETAILS |
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Market size value in 2021 |
USD 4.6 billion |
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Revenue forecast in 2031 |
USD 14.9 billion |
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Growth Rate |
CAGR of 12.5% from 2021 to 2031 |
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Base year for estimation |
2020 |
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Quantitative units |
Revenue in USD million and CAGR from 2021 to 2031 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Product Type, Category, Distribution Channel, and Region |
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Regional scope |
North America, Europe, Asia Pacific, South America, Middle East & Africa (MEA) |
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Key companies profiled |
Cannabinoid Creations, Aurora Cannabis, Med CBDX, Dixie, Joy Organics, Folium Biosciences, CBD American Shaman, CBDfx, Diamond CBD, and Medix Wellness LTD |
CBD-Infused Confectionery Market size was estimated at USD XXX million in 2021 and is expected to reach USD xxx million in 2031.
CBD-infused confectionery is a form of cannabidiol edible. It contains the therapeutic compound CBD that is extracted from the marijuana plant. CBD-infused confectionery is like regular confectioneries and comes in different shapes and sizes. It is the most discrete way of consuming CBD.
The sugar-based segment and store-based is expected to grow significantly over the forecast period.
The key players in the CBD-Infused Confectionery Market are Cannabinoid Creations, Aurora Cannabis, Med CBDX, Dixie, Joy Organics, Folium Biosciences, CBD American Shaman, CBDfx, Diamond CBD, and Medix Wellness LTD.
Growing awareness for the benefits of hemp-based CBD is one of the major drivers of the market along with product innovations in terms of formulation and packaging.
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