cbd gummies Market

The CBD gummies market was valued at US$ 2,133.48 million in 2021 and is projected to reach US$ 12,182.21 million by 2028. It is expected to grow at a CAGR of 28.3% from 2021 to 2028.

CBD, an active compound found in cannabis, is becoming increasingly popular due to its therapeutic properties. As per the World Health Organization (WHO), there is no evidence that CBD poses any risk of dependency or misuse. CBD gummies, which are infused with CBD oil, offer a palatable and visually appealing option for consumers. They are a more desirable alternative to other CBD products, like CBD oils, that have a strong, plant-like taste. The appearance and flavor of CBD gummies are similar to regular gummies.

The medicinal benefits of CBD, an active component found in cannabis, have led to its surging popularity. According to the World Health Organization (WHO), there is no indication that CBD use can result in dependency or abuse. CBD gummies, infused with CBD oil, provide an enjoyable and visually appealing alternative for users. In comparison to other CBD products like CBD oils, which may have an overpowering plant taste, CBD gummies have a similar appearance and flavor to traditional gummies, making them more appealing to consumers.

The global CBD gummies market is divided into North America, Europe, and the Rest of the World, with North America holding the largest market share in 2020. However, Europe is expected to experience the fastest growth rate over the forecast period. The European Union has recently legalized CBD, resulting in a high concentration of cannabis consumers in countries. As a result, manufacturers of CBD gummies have significant growth potential in the European market. Clean-label and organic ingredients, as well as lower THC content, are gaining popularity, leading to a surge in CBD gummies consumption across European markets. Furthermore, regulations surrounding CBD are becoming more relaxed, as authorities in EU Member States view CBD as a novel food, beverage, and food supplement product. These factors are anticipated to contribute to the growth of the CBD gummies market in Europe in the years ahead.

The leading players in the CBD gummies market include Aurora Cannabis, Inc.; Canopy Growth USA, LLC; CBD American Shaman; CV Sciences, Inc.; Diamond CBD; CBDfx; Sunday Scaries; Medix CBD; Reliva CBD; and Fab CBD.

The global CBD gummies market size has been determined by utilizing both primary and secondary sources. The research process began with comprehensive secondary research, utilizing both internal and external sources, to collect qualitative and quantitative data relevant to the market. Additionally, multiple primary interviews were conducted with industry professionals, including VPs, business development managers, market intelligence managers, national sales managers, and external consultants like research analysts, valuation experts, and key opinion leaders. These experts provided insights to validate the data and offer further analytical perspectives on the CBD gummies market.