Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.5 Billion | USD 19.4 Billion | 29.2% | 2022 |
FrequentlyAsked Questions
CBD gummies are one of the forms of cannabidiol edibles. These are the food products that contain the therapeutic compound called cannabidiol (CBD) which is from the hemp plant. CBD gummies are a tasty, easy, and distinct way to consume CBD. Various gummies use 3 variations of CBD which include full-spectrum CBD containing all the naturally occurring phytochemicals of plants such as terpenes, cannabinoids, oils, and some traces of THC; broad-spectrum CBD containing all phytochemicals except THC; and CBD isolate a pure form of CBD.
The high concentration of CBD and very low or no concentration of THC in CBD gummies have resulted in attracting a huge population which is fostering the growth of the global CBD gummies market. Moreover, the rise in the legalization of the use of cannabis and CBD-infused products for medical purposes and the increasing use of CBD for the treatment of pain, depression, anxiety, & neurological disorders are the factors spurring the CBD gummies to demand, ultimately leading to the growth of the market.
According to the report, the global market size was worth around USD 2.5 billion in 2022 and is predicted to grow to around USD 19.4 billion by 2030.
The global CBD gummies market is expected to grow at a CAGR of 29.2% during the forecast period.
The global CBD gummies market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the legalization of cannabis for medical and recreational purposes.
The global CBD gummies market is dominated by players like CHARLOTTE'S WEB, CV Sciences, Inc., Verma Farms, BAEYS, Balance CBD, Medterra CBD, CBDfx, CBD Pure, Kushie Bites, PureKana, Dixie Brands, Premium Jane, Diamond CBD, Aurora Cannabis, CBD American Shaman, Sunday Scaries, Medix CBD, SaintyCo, Hemp Bombs and Reliva CBD among others.
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