logo
logo
Sign in

Global CBD Snacks Market Is Expected To See Huge Growth. Latest Research Report, Forecast 2028

avatar
Market Research
Global CBD Snacks Market Is Expected To See Huge Growth. Latest Research Report, Forecast 2028

The Global CBD Snacks Market is anticipated to expand at a substantial CAGR during the forecast period, between 2020 and 2027. Cannabidiol is a chemical in the Cannabis sativa plant. It consists of many therapeutic benefits, which helps in the treatment of different diseases such as anxiety, epilepsy, and cancer. Recently, the use of CBD in medical and food products has been legal in many countries. CBD is commonly used in tincture, snacks, edibles, and other products. CBD-infused snacks are available in different forms including protein bars and popcorn. These snacks provide non-psychotic and therapeutic benefits to their consumers. Increase in the health consciousness among people fuels the demand for CBD snacks.


Market Trends, Drivers, Restraints, and Opportunities:

  • Rising urbanization and industrialization have resulted in busy and hectic lifestyles. These fast-stepped lifestyles have given rise to new eating habits that are different from the normal meals consumed at the family table. This, in turn, propels the CBD snacks market.
  • Buyers looking for modest food with less ingredients from food manufacturers to exclude artificial and chemical ingredients from food products. Most customers believe that food products with natural ingredients provide superior nutrition and environment sustainability. This, in turn, drives the CBD snacks market.
  • The CBD snacks market has been hampered due to disturbances in supply chain and manufacturing activities due to COVID-19.
  • Rising awareness and health concern is expected to drive the CBD snacks market during the forecast period.
  • Implementation of different rules and regulations for the use of CBD and CBD in food & beverages hampers the market.
  • Fluctuations in the prices of raw material used in CBD snacks impedes the market.

 

CBD Snacks Market Segment Insights:

 

High demand for marijuana-derived fuels the market

In the terms of source types, the market has been divided into dry marijuana and hemp. The marijuana segment accounted for a key share of the market due to the increase in the adoption of refined cannabidiol products combined with the legalization of medical marijuana. Rising adoption of CBD containing products derived from marijuana in the food and beverage industry fuels segment growth during the forecast period. The hemp segment is growing at a rapid pace.

 

Rising demand for CBD gummies fuels segment growth

On the basis of types, the CBD snacks market has been segregated into bars, gummies, cookies, and others. The gummies segment constitutes a large share of the market, while the cookies segment is projected to grow during the forecast period. CBD gummies are non-psychotropic drug and non-THC, which helps reduce the risk of highly induced medication.

 

Pharmaceutical segment holds a key share of the market

Based on end-users, the market has been classified as pharmaceutical, healthcare, personal care, cosmetics, and others. The pharmaceutical segment is projected to grow at high pace during the forecast period. Pharmaceutical companies started manufacturing CBD permeated pharmaceuticals for treating various medical conditions such as epilepsy and multiple sclerosis (MS) symptoms.

 

REQUEST FOR SAMPLE

 

About Growth Market Reports:

GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.

 

Contact:

Growth Market Reports

Phone: +1 909 414 1393

Email: [email protected]

Web: https://growthmarketreports.com

Follow Us: LinkedIn | Twitter

collect
0
avatar
Market Research
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more