CBD Gummies Market worth USD 8,977.65 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "CBD Gummies Market By Type, By Application (Health Management and Recreational Use), By Region – Global Share and Forecast to 2033"

According to the Market Statsville Group (MSG), the global CBD gummies market size is expected to grow from USD 1,299.84 million in 2022 to USD 8,977.65 million by 2033, at a CAGR of 29.9% from 2023 to 2033.

The CBD gummies market consists of sales of CBD gummies services by entities (organizations, sole traders, and partnerships). The element driving the market for cannabidiol (CBD) gummies throughout the anticipated period is the constantly rising demand for convenience foods. The increased legality of cannabidiol (CBD) gummies is the main reason driving the market's growth. The expanding consumer lifestyle and quickening urbanization are the main forces behind the demand for cannabidiol (CBD) gummies. Additionally, throughout the course of the forecasting period, demand for cannabidiol (CBD) gummies is expected to increase due to the growing usage of cannabis for the treatment of mental disorders, neurological diseases, cancer, and pain management. However, it is anticipated that the market for cannabidiol (CBD) gummies would be constrained by the lack of consumer knowledge, whilst public attitudes against the use of CBD might pose a threat to market expansion.

Browse 131 market data Tables and 83 Figures spread through 248 Pages and in-depth TOC on CBD Gummies Market By Type, By Application, By Region– Global Share and Forecast to 2033.

Global CBD Gummies Market Segmentation

The overall CBD gummies market has been segmented into type, application, and region.

• By Type (5 mg gummies, 10 mg gummies, 15 mg gummies, 25 mg gummies, 50 mg gummies, Others)
• By Application (Health Management, Recreational Use)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

10 mg gummies segment is at the highest CAGR during the forecast period

The 10 mg gummies segment is expected to grow at the highest CAGR during the forthcoming period. First-time buyers prefer low CBD content gummies ranging from 1 mg to 20 mg CBD per gummy. Most of the companies including Hemp Bombs, Green Roads, Charlotte’s Web, and CV Sciences, Inc. offer low content gummies containing 5 mg, 10 mg, and 15 mg CBD per gummy.

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North America to account for the largest share during the forecast period

Over the forecast period, the North America market dominated the market and is expected to grow rapidly during the forecast period. The legalization of cannabis for both medicinal and recreational uses in the US is one of the main market drivers. Industrial hemp can now be grown legally as long as plants have a THC concentration of no more than 0.3%, according to the Farm Bill of 2018. All 50 states in the nation have legalized CBD gummies, provided they are made from hemp. During the course of the projection period, these elements are anticipated to fuel demand for CBD gummies.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the cbd gummies market. It also consists of the profiles of leading companies such as  CV Sciences, Inc., Dixie Brands Inc., Reliva CBD, Sunday Scaries, Green Roads, Medix CBD, Hemp Bombs, PureKana, Diamond CBD and Premium Jane. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

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