CBD Gummies Market

Introduction of the CBD Gummies Market Report

The cannabinoids gummies have anti-inflammatory, relaxing and anti-depressant properties and have a wide range of medicinal usage. Unlike the psychoactive effects attributed to hemp lately, it has even been acknowledged as having protective benefits on the central nervous system. CBD is therefore used in medicine to treat depression, anxiety, and sleep problems. In addition, it has undeniable efficacy in the treatment of epilepsy, diabetes, and fibromyalgia.

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Market Dynamic

Key Drivers and Emerging Trends

The global CBD gummies market is driven by increasing demand for anti-inflammatory, relaxing, and anti-depressants for relieving pain instead of using toxic chemical tablets, growing awareness among consumers for CBD gummies. In addition, further increasing consumer’s awareness towards the benefits of the CBD products for the treatment of mental disorders, stress management, improving sleep, and treatment of pain and inflation have witnessed potential demand for the market growth.

Also, increasing demand for CBD gummies for medically overcoming depression, anxiety, sleep disorders have propelled the CBD gummies market growth. Also, CBD-based products are effective in the treatment of diabetes and epilepsy. The increasing prevalence of such sleep and chronic ailments around the globe has propelled the demand for the growth of the CBD gummies market growth. For instance, according to the International Diabetes Federation Foundation Organization, in 2019, globally, an estimated more than 463 million people had diabetes. Furthermore, as per the Centre for Disease Control and Prevention (CDC), globally, an estimated more than 79,535 deaths occur each year due to diabetes.

Restraint in the CBD Gummies Market

However, restrictions against CBD-based products in several countries due to their health issues when overdosed may hamper the global CBD gummies market. For instance, CBD product consumption in Russia, Singapore, or Japan is banned which can subject with consequences ranging from exorbitant fines to prison time.

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Concentration – Segment Analysis

Based on the concentration, the low CBD concentration segment is expected to grow at the fastest rate in the global CBD gummies market during the forecast period owing to high usage in stress management. In addition, they have several medicinal usages for pain relief and in improving sleep.

Distribution Channel – Segment Analysis

Based on the distribution channel, online is projected to capture the largest market share in 2020 in the global CBD gummies market due to the rising launching of new CBD gummies flavors on the online platforms by the leading players. For instance, in 2021, cbdMD, Inc, one of the leading and recognized Cannabidiol (CBD) brands, launched a new range of CBD product and best-selling gummies in different flavors, including cbdMD Recovery Drink Mix, cbdMD Energy Drink Mix, and many more on an online platform and for offline stores in the United States.

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Regional – Segment Analysis:

Based on the region, the North American region is expected to capture a significant market share in the global CBD gummies market in 2020 due to the rising awareness about the consumers about health benefits of CBD gummies. Presence of leading players such as Hemp Bombs, CV Sciences, Inc., Premium Jane and a surge in favourable government policies for using CBD-based products for stress management and other sleep and anxiety disorders.

Top Market Players

• • Various notable players operating in the market, includes PureKana, Hemp Bombs, CV Sciences, Inc., Premium Jane, Dixie Brands, Diamond CBD, Reliva CBD, Medix CBD, Sunday Scaries, Green Roads and among others. 

Key Developments:

• • In 2021, Daytrip, the leading cannabis brand, launched its first-ever entry into Hemp-CBD gummy category. Daytrip launched simple vegan and gluten-free CBD gummies packed with a proprietary blend of 50 mg of botanical terpenes per gummy and 25mg fast-acting hemp CBD.
  • In 2021, Cornbread Hemp, one of the CBD brands based in Kentucky, United States, has launched Organic Berry CBD Gummies made with vegan-friendly ingredients and 100% plant-based products made with USDA organic certifications.

Segments covered in the Report:

The global CBD gummies market has been segmented on the basis of concentration, distribution channel, and key regions. Based on concentration, the market is segmented into high, and low. Based on distribution channel, the market is segmented into offline, and others. The insect control market is further segmented into cockroaches, ants, termites, files, mosquitoes and online. 

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Key questions answered in this research report:

• • At what pace is global CBD Gummies market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in CBD Gummies market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global CBD Gummies market?
  • Which concentration generated maximum revenues in 2020 and identifies the most promising Concentration during the forecast period?
  • What are the various distribution channels of global CBD Gummies market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Concentration, By Distribution Channel, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	PureKana, Hemp Bombs, CV Sciences, Inc., Premium Jane, Dixie Brands, Diamond CBD, Reliva CBD, Medix CBD, Sunday Scaries, Green Roads, and among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global CBD Gummies Market by Concentration

• • High
  • Low

Global CBD Gummies Market by Distribution Channel

• • Offline
  • Online

Global CBD Gummies Market by Region

• • North America CBD Gummies Market (Option 1: As a part of the free 25% customization)
    • North America CBD Gummies Market by Concentration
    • North America CBD Gummies Market by Distribution Channel
    • US CBD Gummies Market All-Up
    • Canada CBD Gummies Market All-Up
  • Europe CBD Gummies Market (Option 2: As a part of the free 25% customization)
    • Europe CBD Gummies Market by Concentration
    • Europe CBD Gummies Market by Distribution Channel
    • UK CBD Gummies Market All-Up
    • Germany CBD Gummies Market All-Up
    • France CBD Gummies Market All-Up
    • Spain CBD Gummies Market All-Up
    • Rest of Europe CBD Gummies Market All-Up
  • Asia-Pacific CBD Gummies Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific CBD Gummies Market by Concentration
    • Asia-Pacific CBD Gummies Market by Distribution Channel
    • China CBD Gummies Market All-Up
    • India CBD Gummies Market All-Up
    • Japan CBD Gummies Market All-Up
    • Rest of APAC CBD Gummies Market All-Up
  • RoW CBD Gummies Market (Option 4: As a part of the free 25% customization)
    • RoW CBD Gummies Market by Concentration
    • RoW CBD Gummies Market by Distribution Channel
    • Brazil CBD Gummies Market All-Up
    • South Africa CBD Gummies Market All-Up
    • Saudi Arabia CBD Gummies Market All-Up
    • UAE CBD Gummies Market All-Up
    • Rest of world (remaining countries of the LAMEA region) CBD Gummies Market All-Up

Major Players Operating in the CBD Gummies (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • PureKana
  • Hemp Bombs
  • CV Sciences, Inc.
  • Premium Jane
  • Dixie Brands
  • Diamond CBD
  • Reliva CBD
  • Medix CBD
  • Sunday Scaries
  • Green Roads