PUBLISHER: Grand View Research | PRODUCT CODE: 1529752
PUBLISHER: Grand View Research | PRODUCT CODE: 1529752
The global CBD pouches market size is estimated to reach USD 301.7 million in 2030, growing at a CAGR of 23.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. CBD pouches offer a convenient and portable way to consume CBD without the psychoactive effects associated with THC, making them appealing to a wide range of consumers. This has led to a significant increase in brands offering CBD pouches, catering to a diverse consumer base. Moreover, the perceived health benefits of CBD, such as its anti-inflammatory, pain-relieving, and anxiety-reducing properties, have further contributed to the market's expansion.
Consumers are increasingly seeking natural and alternative solutions to improve their overall well-being, and CBD has emerged as a promising option. Leading brands focus on innovation and product development, introducing new formats, flavor profiles, and targeted benefits. They are also investing in marketing initiatives that highlight the unique advantages of CBD pouches, such as their portability and ease of use. Moreover, the rise of online retailers and direct-to-consumer brands has made it easier for consumers to access CBD pouches, contributing to market growth.
The 10 mg - 20 mg CBD pouches segment held a major market share in 2023. The 10mg - 20mg content range specifically strikes a balance between efficacy and manageability, making it appealing to both first-time users seeking mild relief and experienced individuals seeking controlled dosing for daily well-being. This trend is driven by a desire for micro-dosing, allowing individuals to fine-tune their CBD experience and find the perfect dose for their needs. Moreover, the rising popularity of 10mg - 20mg content for various ailments, including anxiety, pain management, and sleep disturbances, further fuels demand.
The flavored CBD pouches segment held the largest revenue share in 2023. Flavored CBD pouches often appeal to consumers who are new to CBD products or who may not enjoy the natural taste of hemp. By masking the earthy taste of CBD with appealing flavors, companies can attract a broader customer base. Flavored CBD pouches have gained significant popularity, particularly among recreational users and those seeking a more enjoyable consumption experience. Mint, citrus, and berry flavors are highly sought after due to their refreshing and invigorating qualities. These flavors can enhance the overall experience and make CBD consumption more appealing.
The offline segment held the largest market share in 2023. Offline channels provide consumers with the opportunity to physically inspect the products and receive personalized advice from store staff. Offline channels have traditionally been the dominant distribution channel for CBD pouches, offering consumers a sense of trust and credibility. To cater to evolving consumer preferences, manufacturers and retailers are adopting omnichannel strategies that seamlessly integrate offline and online channels
North America accounted for the largest market share in 2023. The increasing legalization and acceptance of CBD across North America, coupled with the growing availability of high-quality, certified CBD products, has boosted the demand for CBD pouches in the region. Moreover, rising consumer awareness of the potential health benefits of CBD and the growing popularity of nicotine-free products is further attracting new customers across the countries in North America. Besides, the presence of reputable brands in the market has also instilled confidence among users and contributed to the overall growth of the industry.
Major players in the market for CBD pouches include Cannadips, Jake's Mint Chew, Vibe CBD+CBG, FlowBlend, Chill.com, Metolius Hemp Company, Canndid, Chillbar, V&YOU, and Nicopods ehf. Various steps are adopted by these companies including new product launches, partnerships, mergers & acquisitions, global expansion, and others to gain more share of the market.