The global cannabis edibles market size was worth around USD 9.25 billion in 2023 and is predicted to grow to around USD 35.71 billion by 2032 with a compound annual growth rate (CAGR) of roughly 16.2% between 2024 and 2032.
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Market for Global Cannabis Edibles: Development Factors
Food products classified as cannabis edibles are those including derivatives of cannabinoids. Many cannabis edibles have significant amounts of cannabinoids that boost appetite and assist to lower anxiety and tiredness. Consumed for both medicinal and recreational uses, these products serve to increase euphoria and relaxation.
Without exposing one to possible risks of cannabis smoking, these products are regarded as safe, efficient, and have medicinal and intoxicating benefits of cannabis. This is therefore probably what will propel the worldwide cannabis edibles market during the next years.
Further driving the cannabis edibles market worldwide in the future are expected to be their increasing usage in baked goods, beverages, candies, chocolates, gummies, and lozenges. The cannabis edibles business is expected to soar in the next decade as these products become more and more popular in nations allowing cannabis for medicinal use.
However, many cannabis extracts utilised in cannabis edibles preparation are sure to face regulatory problems and legal scrutiny in the future, which may hamper the global cannabis edibles market growth in the years ahead. Still, the growing usage of cannabis edibles for efficiently treating cancer, epilepsy, anorexia, chronic pain, multiple sclerosis, arthritis, nausea, and Alzheimer’s is expected to cancel out the effects of different market restrictions.
We have included a competition landscape and Porter’s Five Forces analysis of the market to provide the consumers of this study a complete perspective of the cannabis edibles market. The report includes a market attractiveness analysis in which every segment is benchmarked according on their market size, development rate, and general appeal.
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The Global Cannabis Edibles Market is segmented based on product, application and region
Global Cannabis Edibles Market: Product Segment Analysis
● Solid Edibles
● Topical Edibles
● Inhalation
● Liquid Edibles
Global Cannabis Edibles Market: Application Segment Analysis
● Cancer
● Epilepsy
● Arthritis
● Multiple Sclerosis
● Alzheimer’s
● Others (Anorexia, Nausea, etc.)
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The Global Cannabis Edibles market profiles key players such as:
● Koios Beverage Corporation
● The Supreme Cannabis Company
● General Cannabis Corporation
● Organigram Holding Inc
● Cannabis Sativa, Inc
● Heineken
● Coalition Brewing
● Corona
● Syqe Medical
● Bend Company
● Bhang Corporation
● Cannabis Energy Drink
● Mentor Capital
● VCC BRANDS
● Kiva Confections
Global Cannabis Edibles Market: Regional Analysis
The regional segmentation covers demand for North America, Europe, Asia Pacific, Latin America, the Middle East and Africa both now and going forward.
North America is expected to rule over the forecast period as well and held the largest share of the worldwide cannabis edibles market in 2018. The great consumer spending on cannabis goods helps to explain this geographical development. Furthermore projected to generate fresh growth prospects for the North American cannabis edible market in the next years is the legalisation of cannabis in Canada for recreational use.
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