Global Cannabis-infused Edibles Market Size study, by Product, by Raw Material, by Source, by Distribution Channel and Regional Forecasts 2022-2032

Description

Global Cannabis-infused Edibles Market is valued at approximately USD 5.13 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 11.64% over the forecast period 2024-2032. Cannabis-infused edibles are food products infused with cannabinoids, the active compounds found in the cannabis plant. These edibles come in various forms, including baked goods, chocolates, gummies, beverages, cooking oils, and more. The infusion process often involves incorporating cannabis extracts such as cannabidiol (CBD), tetrahydrocannabinol (THC), or a combination of both. The increased legalization of cannabis for medical and recreational use, coupled with growing awareness of the health benefits associated with cannabis, has significantly increased the demand for cannabis-infused edible products. Additionally, the rising millennial population demanding cannabis-infused edibles has further expanded the market scope. However, establishing consistent dosing and potency standards remains challenging, which restrict market growth. Nonetheless, the development of new forms of edibles catering to dietary restrictions and preferences, such as vegan or gluten-free options, presents opportunistic growth. Partnerships with established food and beverage companies could also provide new avenues for market penetration and expansion.

The Cannabis-infused baked products segment includes cookies, brownies, cakes, and pastries, appealing to consumers seeking comfort foods with the added benefits of cannabis. These products are often homemade, resulting in significant variability in quality and potency. Regulatory constraints on dosage and packaging are critical factors influencing the development and sales of these products. Consumer trends are shifting towards healthier options with lower sugar content and gluten-free alternatives, impacting product innovation within this category. Chocolates and bars, particularly dark chocolate, are marketed as premium or artisanal, appealing to a quality-conscious consumer base willing to pay higher prices for luxury edibles. The cannabis-infused drinks sector includes teas, sodas, juices, and even alcoholic beverage alternatives. Consumers increasingly prefer these segments due to their familiar and convenient consumption methods. The future of this segment may involve competition with the traditional beverages market, focusing on low-calorie options, natural ingredients, and varying potency levels to cater to different consumer preferences. Gum and sprays offer discrete and convenient options for consumers, with various flavors designed for microdosing and fast-acting effects. The sugar candies segment, including gummies, hard candies, lollipops, and jelly beans, has surged in popularity due to their ease of use, discrete nature, and variety of flavors.

The key regions considered for the global Cannabis-infused Edibles market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In North America, the market is dominating in 2023 due to substantial progress in legalizing cannabis for medical and recreational use. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by increasing awareness of the potential health benefits of cannabis, along with a growing acceptance of CBD products.

Major market players included in this report are:

Aurora Cannabis Inc.
Baked Bros
Balanced Health Botanicals by Village Farms International
Bhang Inc.
Cannabinoid Creations
Cannabis Energy Drink
Canopy Growth Corporation
Charlotte's Web Holdings Inc.
Cheeba Chews
Chef Rubber

The detailed segments and sub-segment of the market are explained below:

By Product:

Baked Products
Chocolates & Bars
Drinks
Gum & Sprays
Sugar Candies

By Raw Material:

Hemp CBD Oil
Marijuana CBD Oil

By Source:

Inorganic
Organic

By Distribution Channel:

Offline Mode
Online Mode

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Cannabis-infused Edibles Market Executive Summary

1.1. Global Cannabis-infused Edibles Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Raw Material
- 1.3.3. By Source
- 1.3.4. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Cannabis-infused Edibles Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Cannabis-infused Edibles Market Dynamics

3.1. Market Drivers
- 3.1.1. Increased legalization of cannabis
- 3.1.2. Growing awareness of health benefits
- 3.1.3. Rising millennial population
3.2. Market Challenges
- 3.2.1. Difficulty in establishing consistent dosing
- 3.2.2. Regulatory constraints
3.3. Market Opportunities
- 3.3.1. Development of new edible forms
- 3.3.2. Partnerships with established companies

Chapter 4. Global Cannabis-infused Edibles Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Cannabis-infused Edibles Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Cannabis-infused Edibles Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Baked Products
- 5.2.2. Chocolates & Bars
- 5.2.3. Drinks
- 5.2.4. Gum & Sprays
- 5.2.5. Sugar Candies

Chapter 6. Global Cannabis-infused Edibles Market Size & Forecasts by Raw Material 2022-2032

6.1. Segment Dashboard
6.2. Global Cannabis-infused Edibles Market: Raw Material Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Hemp CBD Oil
- 6.2.2. Marijuana CBD Oil

Chapter 7. Global Cannabis-infused Edibles Market Size & Forecasts by Source 2022-2032

7.1. Segment Dashboard
7.2. Global Cannabis-infused Edibles Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Inorganic
- 7.2.2. Organic

Chapter 8. Global Cannabis-infused Edibles Market Size & Forecasts by Distribution Channel 2022-2032

8.1. Segment Dashboard
8.2. Global Cannabis-infused Edibles Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Offline Mode
- 8.2.2. Online Mode

Chapter 9. Global Cannabis-infused Edibles Market Size & Forecasts by Region 2022-2032

9.1. North America Cannabis-infused Edibles Market
- 9.1.1. U.S. Cannabis-infused Edibles Market
  - 9.1.1.1. Product breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Raw Material breakdown size & forecasts, 2022-2032
  - 9.1.1.3. Source breakdown size & forecasts, 2022-2032
  - 9.1.1.4. Distribution Channel breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Cannabis-infused Edibles Market
9.2. Europe Cannabis-infused Edibles Market
- 9.2.1. U.K. Cannabis-infused Edibles Market
- 9.2.2. Germany Cannabis-infused Edibles Market
- 9.2.3. France Cannabis-infused Edibles Market
- 9.2.4. Spain Cannabis-infused Edibles Market
- 9.2.5. Italy Cannabis-infused Edibles Market
- 9.2.6. Rest of Europe Cannabis-infused Edibles Market
9.3. Asia-Pacific Cannabis-infused Edibles Market
- 9.3.1. China Cannabis-infused Edibles Market
- 9.3.2. India Cannabis-infused Edibles Market
- 9.3.3. Japan Cannabis-infused Edibles Market
- 9.3.4. Australia Cannabis-infused Edibles Market
- 9.3.5. South Korea Cannabis-infused Edibles Market
- 9.3.6. Rest of Asia Pacific Cannabis-infused Edibles Market
9.4. Latin America Cannabis-infused Edibles Market
- 9.4.1. Brazil Cannabis-infused Edibles Market
- 9.4.2. Mexico Cannabis-infused Edibles Market
- 9.4.3. Rest of Latin America Cannabis-infused Edibles Market
9.5. Middle East & Africa Cannabis-infused Edibles Market
- 9.5.1. Saudi Arabia Cannabis-infused Edibles Market
- 9.5.2. South Africa Cannabis-infused Edibles Market
- 9.5.3. Rest of Middle East & Africa Cannabis-infused Edibles Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Aurora Cannabis Inc.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Baked Bros
- 10.3.3. Balanced Health Botanicals by Village Farms International
- 10.3.4. Bhang Inc.
- 10.3.5. Cannabinoid Creations
- 10.3.6. Cannabis Energy Drink
- 10.3.7. Canopy Growth Corporation
- 10.3.8. Charlotte's Web Holdings Inc.
- 10.3.9. Cheeba Chews
- 10.3.10. Chef Rubber

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes