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The global CBD gummies market is expected to grow from USD 1.86 billion in 2022 to USD 13.39 billion by 2030, at a CAGR of 27.93% during the forecast period 2022-2030. The North American region is expected to dominate the market in 2022.
Cannabinoids are used for the manufacturing of cannabis. Two significant cannabinoids are found in the weed: tetrahydrocannabinol and cannabidiol. Cannabinoids are also ingested as a concentrated liquid in countries such as the U.S., and U.K. CBD gummies are now widely sold as an alternative to cannabis. CBD gummies can be chewed, and it tastes like chewing gum. CBD oil is used in the manufacturing of CBD gummies. There are many advantages of CBD oil, including pain and stress relief. CBD oil has several analgesic effects and anti-inflammatory properties, which is why it is used in gummies. CBD gummies improve the sleep cycle and control anxiety among consumers. CBD gummies come in different shapes, tastes, colours, etc. These gummies are an efficient way of ingesting CBD. Most CBD products are not FDA-approved. CBD gummies do not possess any psychoactive properties and thus do not intoxicate the consumers. CBD gummies are used to treat long-term pain as well. The increasing prevalence of anxiety, depression and other chronic conditions will propel the market's growth.
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In August 2020, CV Sciences Inc. launched new CBD gummies as a part of their Happy Lane product. These are available in convenience stores and retail stores across the U.S. stores.
Drivers:
Increase in demand for CBD-based products: There has been an upsurge in demand for CBD-based products around the globe. The growing consumption, especially among youth, is driving the market growth. Thus, the number of consumers who prefer using CBD gummies as an alternative to conventional cannabinoids is increasing rapidly. The use of CBD gummies is found to be beneficial for certain individuals who are suffering from specific conditions and acute pain. A cannabinoid gummy is also more helpful than traditional medicine and has calming and relaxing attributes. CBD possesses several health benefits that are still to be discovered. CBD gummies contain CBD oil, which impacts the brain's activities and improves the efficacy of functions. The chemical compounds present in CBD oil are found to provide relief in chronic pain. It also helps to lose weight and maintain obesity. Several other medicinal properties of CBD gummies are found to apply to several diseases. Thus, the research and development activities on CBD gummies have increased rapidly in many regions.
Restraints:
Potential side effects of CBD – The consumption of CBD oil present in CBD gummies has been found to cause several side effects on the human body, such as impairment in executive functions and mood disorders. Apart from this, several temporary side effects include nausea, intense anxiety, confusion, vomiting, paranoia, seizures, etc. An overdose of CBD oil can even lead to the death of a person in many cases. Thus, these factors are restraining market growth.
Opportunities:
Research and development for chronic pain management– Increased awareness about CBD gummies has increased their demand. The major players in the market are perpetually involved in the research and development of new drugs to exploit the massive consumer market of CBD gummies. The extensive portfolio and their easy accessibility are also aiding the market's growth. For instance, the consumption of CBD gummies is more effective in treating pain than painkillers such as ibuprofen, aspirin, naproxen, etc., ushering in a new market development era. The comprehensive approval mechanisms have been streamlined to fast-track drug approvals, encourage innovation in the market and improve industry compliance. The standardized regulations of the government are also facilitating better product innovations in the market. Therefore, enhanced research and development will offer lucrative opportunities for the market.
Challenges:
Stringent regulations - The imposition of strict regulations regarding the consumption of cannabinoids has led to a ban on the sale of CBD gummies, especially in developing economies. In many regions, CBD gummies are believed to be something that is only required for intoxication. It is ill-famous for its negative attributes and side effects on human health. Still, the cultivation of cannabinoids is strictly prohibited in many parts of the world. Thus, there was not much sales and consumption of the same.
Regional segmentation analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the largest market for the global CBD gummies market, with a 47.83% market revenue share in 2022. Given the presence of major industry players, the development of medicines in the regional market contributes to the region's dominance. The North American market will be driven by the legalization of cannabis in regional countries, primarily the USA. This directly supports the market growth of CBD gummies. Industrial hemp production has been legalized, which has eventually led to the development of CBD gummies made from hemp. Major participants in the anti-inflammatory medications and supplements market are providing CBD gummies with different THC content percentages. Europe region is anticipated to grow lucratively during the forecast period. A significant portion of the population prefers to consume cannabis in Europe.
North America region CBD Gummies Market Share in 2022- 47.83%
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Product Type Segment Analysis
The product type segment is divided into conventional and sugar-free. The conventional segment dominated the market with a revenue share of around 70.92% in 2022. Conventional CBD gummies are used for therapeutic applications, including pain and anxiety management and prevention of chronic illness. Conventional CBD gummies are highly popular in the market among the general public. They are a preferred over-the-counter drug for pain management. The accessibility of drugs has increased, given that it is sold at every pharmacy or drug store, and will also aid the segment's growth.
Concentration Segment Analysis
The concentration segment is divided into CBD isolate gummies, broad-spectrum CBD gummies, high CBD gummies and full-spectrum CBD gummies. The CBD isolate gummies segment dominated the market with a market share of 36.02% in 2022. CBD isolate gummies are the preferred choice of consumers, given their better effects compared to other segments. They are the most widely available concentration and, thus, are sold in large quantities. They can be self-administered and are ideal for prolonged and repeated use. The absence of major side effects and cost-effectiveness contribute to its dominance in the market.
Distribution Channel Segment Analysis
The distribution channel segment is divided into conventional channels and online channels. The conventional channel segment includes hypermarkets and supermarkets, local pharmacies, retail stores and others. The conventional channels segment dominated the market with a share of around 62.11% in 2022. The high number of conventional facilities such as hypermarkets, supermarkets, pharmacies, and convenience stores is the primary driver supporting the segment's growth. CBD gummies mainly don't require a prescription and are widely available as over-the-counter drugs in pharmacies, which increases the demand for conventional channels. The easy accessibility of these stores has a significant impact on the segment's growth.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 1.86 Billion |
| Market size value in 2030 | USD 13.39 Billion |
| CAGR (2022 to 2030) | 27.93% |
| Historical data | 2019-2020 |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Segments | The research segment is based on product type, concentration, and distribution channel. |
| Regional Segments | The regions examined for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. |
As per The Brainy Insights, the size of the CBD gummies market was valued USD 1.86 billion in 2022 & USD 13.39 billion by 2030.
Global CBD gummies market is growing at a CAGR of 27.93% during the forecast period 2022-2030.
The market's growth will be influenced by the rising preference for cannabinoids for anxiety issues.
The ban on cannabinoids could hamper the market growth.
Key players are Dixie Brands, CV Sciences, Inc., Reliva CBD, Green Roads, Sunday Scaries, Medix CBD, PureKana, Hemp Bombs, Premium Jane, Diamond CBD, Charlotte’s Web, Verma Farms, Kushie Bites, Medterra, CBDfx among others.
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By Concentration
4.3.3. Market Attractiveness Analysis By Distribution Channel
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand for CBD based products
5.3. Restraints
5.3.1. Potential side-effects of cannabinoids
5.4. Opportunities
5.4.1. Research and development for chronic pain management
5.5. Challenges
5.5.1. Stringent regulations
6. Global CBD Gummies Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Conventional
6.3. Sugar-Free
7. Global CBD Gummies Market Analysis and Forecast, By Concentration
7.1. Segment Overview
7.2. CBD Isolate Gummies
7.3. Broad Spectrum CBD Gummies
7.4. High CBD Gummies
7.5. Full-Spectrum CBD Gummies
8. Global CBD Gummies Market Analysis and Forecast, By Distribution Channel
8.1. Segment Overview
8.2. Conventional Channels
8.2.1. Hypermarkets and Supermarkets
8.2.2. Local Pharmacies
8.2.3. Retail Stores
8.2.4. Others
8.3. Online Channels
9. Global CBD Gummies Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global CBD Gummies Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the CBD Gummies Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Dixie Brands
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. CV Sciences, Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Reliva CBD
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Green Roads
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Sunday Scaries
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Medix CBD
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. PureKana
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Hemp Bombs
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Premium Jane
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Diamond CBD
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Charlotte’s Web
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Verma Farms
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Kushie Bites
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Medterra
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. CBDfx
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
List of Table
1. Global CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
2. Global Conventional, CBD Gummies Market, By Region, 2019-2030 (USD Billion)
3. Global Sugar-Free, CBD Gummies Market, By Region, 2019-2030 (USD Billion)
4. Global CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
5. Global CBD Isolate Gummies, CBD Gummies Market, By Region, 2019-2030 (USD Billion)
6. Global Broad Spectrum CBD Gummies, CBD Gummies Market, By Region, 2019-2030 (USD Billion)
7. Global High CBD Gummies, CBD Gummies Market, By Region, 2019-2030 (USD Billion)
8. Global Full-Spectrum CBD Gummies, CBD Gummies Market, By Region, 2019-2030 (USD Billion)
9. Global CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
10. Global Conventional Channels, CBD Gummies Market, By Region, 2019-2030 (USD Billion)
11. Global Online Channels, CBD Gummies Market, By Region, 2019-2030 (USD Billion)
12. Global CBD Gummies Market, By Region, 2019-2030 (USD Billion)
13. North America CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
14. North America CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
15. North America CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
16. U.S. CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
17. U.S. CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
18. U.S. CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
19. Canada CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
20. Canada CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
21. Canada CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
22. Mexico CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
23. Mexico CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
24. Mexico CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
25. Europe CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
26. Europe CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
27. Europe CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
28. Germany CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
29. Germany CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
30. Germany CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
31. France CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
32. France CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
33. France CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
34. U.K. CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
35. U.K. CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
36. U.K. CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
37. Italy CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
38. Italy CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
39. Italy CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
40. Spain CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
41. Spain CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
42. Spain CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
43. Asia Pacific CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
44. Asia Pacific CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
45. Asia Pacific CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
46. Japan CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
47. Japan CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
48. Japan CBD Gummies Market, By Distribution Channel 2019-2030 (USD Billion)
49. China CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
50. China CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
51. China CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
52. India CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
53. India CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
54. India CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
55. South America CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
56. South America CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
57. South America CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
58. Brazil CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
59. Brazil CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
60. Brazil CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
61. Middle East and Africa CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
62. Middle East and Africa CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
63. Middle East and Africa CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
64. UAE CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
65. UAE CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
66. UAE CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
67. South Africa CBD Gummies Market, By Product Type, 2019-2030 (USD Billion)
68. South Africa CBD Gummies Market, By Concentration, 2019-2030 (USD Billion)
69. South Africa CBD Gummies Market, By Distribution Channel, 2019-2030 (USD Billion)
List of Figures
1. Global CBD Gummies Market Segmentation
2. CBD Gummies Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global CBD Gummies Market Attractiveness Analysis By Product Type
9. Global CBD Gummies Market Attractiveness Analysis By Concentration
10. Global CBD Gummies Market Attractiveness Analysis By Distribution Channel
11. Global CBD Gummies Market Attractiveness Analysis By Region
12. Global CBD Gummies Market: Dynamics
13. Global CBD Gummies Market Share by Product Type (2022 & 2030)
14. Global CBD Gummies Market Share by Concentration (2022 & 2030)
15. Global CBD Gummies Market Share by Distribution Channel (2022 & 2030)
16. Global CBD Gummies Market Share by Regions (2022 & 2030)
17. Global CBD Gummies Market Share by Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global CBD gummies market based on below mentioned segments:
Global CBD Gummies Market by Product Type:
Global CBD Gummies Market by Concentration:
Global CBD Gummies Market by Distribution Channel:
Global CBD Gummies Market by Region:
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