Cannabis Edibles Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A cannabis edible is also known as cannabis-infused food, which is a food product that contains cannabinoids, particularly tetrahydrocannabinol (THC). Most edibles have a significant amount of THC, which can induce a wide range of effects, such as relaxation, euphoria, fatigue, increased appetite, and anxiety. THC-dominant edibles are also consumed for recreational as well as medical purposes. Some of the edibles contain a negligible quantity of THC also are instead dominant in other cannabinoids, most commonly cannabidiol (CBD). These edibles are usually used for medical purposes only.

MARKET DYNAMICS

The cannabis edibles market has witnessed significant growth owing to factors such as rising consumer preference for baked food and other confectionaries with different and unique ingredients & flavors. Manufacturers are offering a variety of products containing cannabis, such as baked goods, confectionaries, beverages, spreads, oil, and others. And the easy availability of these products through both offline and online retailing is influencing the market growth. However, there are some regulations upon these products that may impact the growth of the cannabis edibles market. Nevertheless, with the steady growth in the food processing industry and e-commerce sector, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Cannabis Edibles Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cannabis edibles market with detailed market segmentation by type, distribution channel, and geography. The global cannabis edibles market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cannabis edibles market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global cannabis edibles market is segmented on the basis of type, and distribution channel. The cannabis edibles market on the basis of the type is classified into baked goods, confectionaries, beverages, spreads, and others. On the basis of distribution channel, global cannabis edibles market is bifurcated into supermarkets & hypermarkets, specialty stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cannabis edibles market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cannabis edibles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the cannabis edibles market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cannabis edibles market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global cannabis edibles market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cannabis edibles market are anticipated to lucrative growth opportunities in the future with the rising demand for cannabis edibles in the global market. Below mentioned is the list of few companies engaged in the cannabis edibles market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cannabis edibles market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Aurora Cannabis Inc.
  
•   Canopy Growth Corporation
  
•   CBD American Shaman LLC
  
•   CBD Biotechnology Co. Ltd
  
•   Dixie Brands Inc.
  
•   Endoca BV
  
•   Incredible Edibles, LLC.
  
•   Isodiol International Inc
  
•   Medical Marijuana Inc.
  
•   NuLeaf Naturals, LLC
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Cannabis Edibles Report Scope