The global CBD-Infused Confectionery market size was valued at USD 1.98 Billion in 2021 growing at a CAGR of 12.25% from 2022 to 2032. Cannabis sativa, a herbal flowering plant family, is the source of CBD, also known as cannabidiol. It also contains hemp and marijuana. It shares many similarities with marijuana but lacks the main psychoactive ingredient of cannabis, tetrahydrocannabinol (THC). The UK National Health Service claims that CBD can be used to treat epilepsy. A consumer product, CBD-infused candy offers health benefits such as the alleviation of hypertension, anxiety, and sleeplessness. Confectionery containing CBD must be chewed and eaten.
The driving factor of the CBD-Infused Confectionery market are:
- Legalization of Cannabis (CBD) in many countries globally
As the advantages of CBD derived from hemp have come to light, its usage has become permitted in many nations. Numerous reasons, including nausea and vomiting connected to chemotherapy, stiffness in multiple sclerosis, HIV/AIDS cachexia, and neuropathic pain, provide evidence for the legal medicinal use of cannabis. The Farm Bill, also known as the Agriculture Improvement Act of 2018, was officially approved by the US Senate on June 28, 2018. Hemp was formally reclassified for commercial usage in the 2018 Farm Bill, and CBD produced from hemp was also taken off the list of prohibited substances. Additionally, it provided the federal government and the states with joint regulatory control over hemp cultivation.
- Rising R&D on cannabinoid
Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=newsmantraa&reportCode=017085
Key Highlights:
- The global CBD-Infused Confectionery market size was valued at USD 1.98 Billion in 2021 growing at a CAGR of 12.25% from 2022 to 2032.
- North America dominated the market in 2021
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2022 to 2032
Key Players
The CBD-Infused Confectionery market report gives comprehensive information about the company and its past performance. The report also provides a detailed market share analysis along with product benchmarking with key developments.
The key players profiled in the report are:
- Cannabinoid Creations
- Aurora Cannabis
- Med CBDX
- Dixie
- Joy Organics
- Folium Biosciences
- CBD American Shaman
- CBDfx
- Diamond CBD
- Medix Wellness LTD
The Global CBD-Infused Confectionery Logistic report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the CBD-Infused Confectionery market provide specialized product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.
COVID Impact
In terms of COVID-19 impact, the CBD-Infused Confectionery market report also includes the following data points:
- COVID-19 Impact on CBD-Infused Confectionery market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in the CBD-Infused Confectionery market
Get a Free Sample Copy of This Report @ https://report.evolvebi.com/index.php/sample/request?referer=newsmantraa&reportCode=017085
Scope of the Report:
Market Segment By Product Type:
- Hard Candies
- Soft Confectioneries
Market Segment By Category:
- Sugar-Based
- Sugar-Free
Market Segment By Distribution Channel:
- Store-Based
- Non-Store-Based
For more information: https://report.evolvebi.com/index.php/sample/request?referer=newsmantraa&reportCode=017085
Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
North America held the largest market share, a trend that is anticipated to hold during the projected period. Due to promising clinical studies for the treatment of numerous ailments as possible health advantages, consumers in the area are eager to test CBD products. One of the fastest-growing markets for CBD products is the confectionery industry. The confectionery goods containing CBD are appealing due to their aesthetic appeal. Compared to CBD oil or CBD pills, they also taste better.
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence provides an understanding of the ecosystem
- Details analysis of Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
Contact Us:
Evolve Business Intelligence
India
Contact: +1 773 644 5507 (US) / +441163182335 (UK)
Email: sales@evolvebi.com
Website: www.evolvebi.com
