Edible Cannabis Market Forecasts to 2028 – Global Analysis By Infusion Material (Butter, Coconut Oil), Product (Capsules, Drinks, Solid Foods, Tinctures) and By Geography
According to Stratistics MRC, the Global Edible Cannabis Market is accounted for $2.88 billion in 2020 and is expected to reach $12.65 billion by 2028 growing at a CAGR of 20.3% during the forecast period. Rapid growth in the legalization of cannabis across the globe and increasing use by food and beverage manufacturers are driving the market growth. However, health risks such as cancer, cardiovascular diseases, and other mental issues, associated with the consumption of cannabis may hamper the market growth.
Edible cannabis is a food product that contains cannabinoids especially tetrahydrocannabinol (THC). Most edible cannabis includes THC (tetrahydrocannabinol) which can induce a wide range of effects including anxiety, euphoria, relaxation, fatigue, and increased appetite. It is used for recreational purposes and medical.
Based on the product, the solid foods segment is going to have lucrative growth during the forecast period due to the growth of cannabis-infused energy drinks. Solid edible cannabis is often used to treat patients with cancer-related symptoms, chronic pain, and anxiety. The presence of THC (tetrahydrocannabinol) in Cannabis makes the natural treatment popular which effectively reduces the symptoms and eases pain related to various conditions.
By geography, North America is going to have profitable growth during the forecast period. The region is predicted to grow continuously due to the rise in the legalization of marijuana and government regulation. Also, the recent legalization of cannabis for medical purposes is predicted to give a boost to the region for the edible cannabis market.
Some of the key players profiled in the Edible Cannabis Market include Auntie Dolores, Baked Bros, Bhang Corporation, Cheeba Chews, Dixie Elixirs, Fairwinds Manufacturing, Kiva Confections, Lord Jones , Mentor Cannabis, Inc., Mirth Provisions, Organa Brands, and Zoots.
Estimated Market Size in 2020:
USD 2.88 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 12.65 billion
Tables, Graphs & Figures
Infusion Material, Product and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Infusion Materials Covered:
• Coconut Oil
• Solid Foods
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Edible Cannabis Market is majorly driven by increasing number of the users preferring edible cannabis, and increasing use by food & beverage manufacturers.
The solid foods segment is growing at a highest CAGR due to the development of cannabis-infused drinks and presence of THC in cannabis.
North America dominated with a significant market share due to the rise in legalization of marijuana and the government regulations.
Asia Pacific market is growing at a highest CAGR due t0 the favorable government initiatives and developing countries are legalizing the use of marijuana.
Key players in Edible Cannabis Market include Auntie Dolores, Baked Bros, Bhang Corporation, Cheeba Chews, Dixie Elixirs, Fairwinds Manufacturing, Kiva Confections, Lord Jones , Mentor Cannabis, Inc., Mirth Provisions, Organa Brands, and Zoots.
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