Global CBD Snacks Market is valued at approximately USDXX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Cannabis-infused snacks are food products that contain marijuana extracts. Candies and baked foods are widely included in this category. Rising preference toward natural organic products compared to pharmaceuticals products, growth of the food & beverage industry, coupled with the increasing disposable income are the several key factors contributing to the global market growth. For instance, according to Statista, the global health and wellness food market was estimated to be worth nearly USD 733.1 billion in 2020. Also, the amount is anticipated to grow and reach nearly USD 1,000 billion by the year 2026. Consequentially, the growing demand for health and wellness food products is bolstering the demand for CBD snacks across the globe. However, the high cost of medical cannabis-based oil extract-infused food products and the execution of stringent regulations associated with the product impede the growth of the market over the forecast period of 2022-2028. Also, the rising number of social media influencers to promote the benefits of CBD snacks and increasing R&D activities are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global CBD Snacks Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to growing popularity of CBD snacks and rising presence of health-conscious citizens. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the surging demand for health and wellness products, as well as rising influence of social media, would create lucrative growth prospects for the CBD Snacks Market across the Asia-Pacific region.
Major market players included in this report are:
Livity Foods LLC
CBD American Shaman
Dixie Brands Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
By Distribution Channel:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global CBD Snacks Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers