CBD-Infused Confectionery Market To Make Huge Impact In Near Future Basic Influencing Factors Driving The Industry 2021–2028

Market Forecast

The global CBD-infused confectionery market sizeis projected to be valued at USD 10.42 billion by 2028 at a CAGR of 12.25% between 2021 and 2028. CBD-infused confectionery isa form of cannabidiol edible. It containsa therapeutic compound, CBD that isextracted from the marijuana plant. CBD-infused confectionery islike regular confectioneries and comes in various shapes and sizes. It isthe most discrete way of consuming CBD.The CBD industry is gaining momentum all across the globe. Plenty of CBD products, such as CBD bath bombs, CBD edibles, CBD vapes, CBD cosmetics, and CBD toothpicks, are available in the market. CBD edibles in the form of confectionery, such as gummies and candies, are also available. CBD-infused confectionery isinfused with the right amount and healthy dose of CBD hemp extract. It is made from hemp and haslittle to no tetrahydrocannabinol (THC).

Chronic conditions, such as anxiety, insomnia, and epilepsy, need pain management solutions. In such cases, CBD can be useful. Among all the available CBD products, edibles are a better form as they are easy to use. CBD-infused confectionery comes in different colors, shapes, and flavors. Consumers can choose froma wide range of options while comparing the appropriate option for them.

Cannabis hasvarious active cannabinoids, even though the CBD found in it is non-psychoactive. It does not cause any strong effect on brain activity, and thus, it is safe to use in various CBD-infused products, including CBD-infused confectionery. The legal cannabis market is growing at thefastest pace owing to the increasing awareness about its benefits. For instance, CBD gummies have gained enormous popularity in the past couple of years. CBD-infused confectionery provides a different experience than many other forms of CBD because they are administered in a different way in the body and taste better than other methods. Apart from that, the legalization of cannabis in various countries across the globe is also supporting market growth. The increasing prevalence has surged the demand for functional food derived from cannabis, as there is substantial evidence that proves cannabis is an effective active ingredient used to treat various diseases.

However, the production of CBD compounds through synthetic methods is expected to restrain the market growth during the forecast period. With the increase in R&D in pharmaceutical companies, it is possible to develop CBD compounds through synthetic methods in labs without growing the cannabis plant. For instance, STI Pharmaceuticals, a UK-based company, is engaged in cannabinoid research and develops synthetic CBD compounds in collaboration with its partners. Thus, the adoption of synthetic methods for the procurement of CBD compounds is expected to be a major threat to the growth of the global CBD-infused confectionery market in the long run.

Key Players

  • Cannabinoid Creations (US)
  • Aurora Cannabis (Canada)
  • Med CBDX (US)
  • Dixie (US)
  • Joy Organics (US)
  • Folium Biosciences (US)
  • CBD American Shaman (US)
  • CBDfx (US)
  • Diamond CBD (US)
  • Medix Wellness LTD (UK)

Market USP

Increasing demand for CBD infused food products

Press Release@ https://www.marketresearchfuture.com/press-release/cbd-infused-confectionery-market

Growth Opportunities in the Market

Increasing demand for sugar-free products: The consumption of CBD-infused confectionery has been increasing rapidly over the last few years. CBD-infused confectionery products come in two types such as sugar-based and sugar-free. Among that, the consumption of sugar-based CBD-infused confectionery is decreasing over the last few years, and sugar-free confectionery is gaining acceptance. The demand for sugar-free confectionery is anticipated to be driven by several factors. The high consumption of sugar has been found to offer several adverse effects on the consumer’s health. A substantial amount of sugar consumption over the long term leads to a higher risk of obesity and diabetes.

Moreover, the high consumption of sugar also increases the chances of cardiovascular diseases. So, the increasing obesity and diabetes from the consumption of confectioneries have influenced consumers to consume sugar-free confectioneries. Manufacturers are coming up with new sugar-free CBD-infused confectionery to cater to the specific requirement of the consumers. For instance, CBD American Shaman offers sugar-free CBD gourmet gummies in orange, blue raspberry, and watermelon flavors. So, the increasing consumer inclination towards sugar-free CBD-infused confectionery is expected to create an opportunity for the manufacturers of CBD-infused confectionery during the forecast period.

Improving Status of Cannabis in Asian Countries: Cannabis and its derivative products are illegal in mostAsian countries, but the legal landscape is shifting in several countries. Despite the legal and cultural complications, some countries in Asia are potential markets for cannabidiol (CBD) products. For instance, in November 2018, the Public Health Ministry took the initiative to reclassify cannabis and change its status from a completely prohibited item in Thailand. Thailand’s military junta-appointed parliament voted to amend the 1979 Narcotics Act, legalizing cannabis for medicinal and research uses. Moreover, South Korea’s National Assembly approved the Amendment to the Narcotics Control Act in November 2018 to allow the production of marijuana for medical purposes. The use of cannabis is illegal in Japan, but research for cannabinoids is being undertaken with about 40 farmers given licenses to grow a low-THC strain of Cannabis called Tochigi Shiro. Thus, these initiatives in Asian countries are shifting in favor of CBD production, which is expected to create lucrative opportunities for market players in the coming years

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013,

United States of America


Comments

Post a Comment

Popular posts from this blog

Key Space Battery Market Players, Strategies and Resources to Grow Your Company, 2030

Market overview    Space batteries are used for space applications such as the launching of vehicles, crew return vehicles, equipment, landers, rovers, and on the International Space Station. The space batteries are used as the energy storage devices or as a secondary source of power. There are a number of space missions that demand the use of space batteries. The companies are working towards the growth of high-speed Internet across the world by deploying satellites.   The lithium-ion batteries that are present in the space batteries that are durable and reliable. There has been a rise in the number of space missions around the world with companies that are planning to launch thousands of satellites by the year 2030, that have been deployed in the end of 2021. The designing of small batteries and the various space applications are some of the challenges that are faced by the market players in the global space battery market .   The global space batte...
Read more

Coconut Sugar Market Size Report With Major Impacting Factors And Investment Study

The global Coconut Sugar Market Size is making rapid progress over the past few years. The market growth majorly attributes to the rising popularity of plant-based sugars. Besides, increasing awareness about the health benefits of coconut sugar and growing preferences for organic products drive the market growth. Moreover, growing advances in derivation technologies escalate the market growth to furthered height, refining the product quality without compromising on the mineral contents. Cumulatively driven by all these factors, the organic Coconut Sugar Market is observing substantial growth. According to Market Research Future (MRFR), the global organic Coconut Sugar Market is expected to reach USD 397.34 million by 2024, registering 5.86% CAGR over the forecast period (2019-2024).  Increasing sales of plant-based sugar alternatives drive the growth of the market.  Owing to its lower fructose levels compared to other sugars, coconut sugar is popular among health-conscious p...
Read more

Natural Deodorants and Perfumes Market Overview, Revenue, Segments, Analysis and Forecasts 2032

Natural Deodorants and Perfumes Market overview It is expected that the Natural Deodorants and Perfumes Market is estimated to hold the value of USD 23.130 Billion by 2032, at a CAGR of 8.50% from 2023 to 2032. These are one of the cosmetics products which people use to prevent bad body odor. Almost all the world's population uses this top to limit the odor. Many features and smells are adding the companies to increase the market value. Natural deodorants and perfumes do not contain any chemicals as they are made with essential oils, non-comedogenic products, etc. Natural perfumes and deodorants do not contain any harmful things. It is free from powerful fragrances and aluminum, and they are also not tested on animals. The natural fragrance can stop odor-causing bacteria and are skin-friendly as well. Most cosmetic products cause skin reactions and severe problems and do not even last long. The natural ones are not harmful, and every skin type can use them without any problems....
Read more