The CBD gummies market was valued at US$ 2,133.48 million in 2021 and is projected to reach US$ 12,182.21 million by 2028. It is expected to grow at a CAGR of 28.3% from 2021 to 2028.
CBD or cannabidiol is an active component in cannabis (marijuana). It is gaining huge traction due to its medicinal and healing effects. According to the World Health Organization (WHO), CBD demonstrates no effects suggestive of any misuse or dependency potential in people. CBD gummies are chewable sweets infused with CBD oil. They resemble conventional gummies in terms of appearance and flavor. This makes them an attractive alternative over other CBD products, such as CBD oils, that have an overpowering plant flavor.
Based on distribution channel, the CBD gummies market is segmented into specialty stores, online retail, and others. The specialty stores segment accounted for the largest market share in 2020. The online retail segment is projected to grow at the fastest CAGR over the forecast period. E-commerce platforms have registered significant growth as they provide lucrative services, such as home delivery, discounts, offers, cashback, to the customers. Moreover, customers can choose among a wide range of products by comparing different alternatives available. A variety of CBD gummies brands are available on e-commerce platforms like Amazon.com. Thus, the high availability of CBD gummies brands at affordable prices is one of the key factors driving the online retail segment.
Based on region, the CBD gummies market is segmented into North America, Europe, and the Rest of the World. In 2020, North America held the largest share of the global CBD gummies market, whereas Europe is projected to register the fastest growth over the forecast period. Europe has a significant concentration of cannabis consumers. Recently, the European Union has legalized CBD; hence, manufacturers of CBD gummies have a strong growth potential across European nations such as France, Germany, the UK, and Poland. CBD gummies consumption is proliferating rapidly across markets in Europe as manufacturers are focusing on lowering the THC content and using clean-label and organic ingredients. Moreover, CBD regulations are getting softer as authorities in EU Member States now regard CBD as a novel product for food, beverages, and food supplements. These factors are projected to support the growth of the CBD gummies market across Europe over the coming years.
The leading players in the CBD gummies market include Aurora Cannabis, Inc.; Canopy Growth USA, LLC; CBD American Shaman; CV Sciences, Inc.; Diamond CBD; CBDfx; Sunday Scaries; Medix CBD; Reliva CBD; and Fab CBD.
The size of the global CBD gummies market has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants in this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the CBD gummies market.
Reasons to Buy
CBD or cannabidiol is an active component in cannabis (marijuana). It is gaining huge traction due to its medicinal and healing effects. According to the World Health Organization (WHO), CBD demonstrates no effects suggestive of any misuse or dependency potential in people. CBD gummies are chewable sweets infused with CBD oil. They resemble conventional gummies in terms of appearance and flavor. This makes them an attractive alternative over other CBD products, such as CBD oils, that have an overpowering plant flavor.
Based on distribution channel, the CBD gummies market is segmented into specialty stores, online retail, and others. The specialty stores segment accounted for the largest market share in 2020. The online retail segment is projected to grow at the fastest CAGR over the forecast period. E-commerce platforms have registered significant growth as they provide lucrative services, such as home delivery, discounts, offers, cashback, to the customers. Moreover, customers can choose among a wide range of products by comparing different alternatives available. A variety of CBD gummies brands are available on e-commerce platforms like Amazon.com. Thus, the high availability of CBD gummies brands at affordable prices is one of the key factors driving the online retail segment.
Based on region, the CBD gummies market is segmented into North America, Europe, and the Rest of the World. In 2020, North America held the largest share of the global CBD gummies market, whereas Europe is projected to register the fastest growth over the forecast period. Europe has a significant concentration of cannabis consumers. Recently, the European Union has legalized CBD; hence, manufacturers of CBD gummies have a strong growth potential across European nations such as France, Germany, the UK, and Poland. CBD gummies consumption is proliferating rapidly across markets in Europe as manufacturers are focusing on lowering the THC content and using clean-label and organic ingredients. Moreover, CBD regulations are getting softer as authorities in EU Member States now regard CBD as a novel product for food, beverages, and food supplements. These factors are projected to support the growth of the CBD gummies market across Europe over the coming years.
The leading players in the CBD gummies market include Aurora Cannabis, Inc.; Canopy Growth USA, LLC; CBD American Shaman; CV Sciences, Inc.; Diamond CBD; CBDfx; Sunday Scaries; Medix CBD; Reliva CBD; and Fab CBD.
The size of the global CBD gummies market has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants in this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the CBD gummies market.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global CBD gummies market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
3.2.8 Limitations & Assumptions
4. Global CBD Gummies Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute
4.2.5 Competitive Rivalry
4.3 Expert Opinion
4.4 Value Chain Analysis
5. CBD Gummies Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Awareness Regarding Health Benefits of CBD
5.1.2 Rising Adoption Among Athletes and Sportspersons
5.2 Market Restraints
5.2.1 Stringent Regulations Regarding Production and Consumption of CBD
5.3 Market Opportunities
5.3.1 Product Innovations
5.4 Future Trends
5.4.1 Surging Influence of Social Media and Celebrities
5.5 Impact Analysis of Drivers and Restraints
6. CBD Gummies - Global Market Analysis
6.1 CBD Gummies Market Overview
6.2 CBD Gummies Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning - Key Market Players
7. Global CBD Gummies Market Analysis - By Category
7.1 Overview
7.2 CBD Gummies Market, By Category (2020 and 2028)
7.3 Sugar-free
7.3.1 Overview
7.3.2 Sugar-free: CBD Gummies Market - Revenue and Forecast To 2028 (US$ Million)
7.4 Conventional
7.4.1 Overview
7.4.2 Conventional: CBD Gummies Market - Revenue and Forecast To 2028 (US$ Million)
8. CBD Gummies Market Analysis - By Distribution Channel
8.1 Overview
8.2 CBD Gummies Market, By Distribution Channel (2020 and 2028)
8.3 Specialty Stores
8.3.1 Overview
8.3.2 Specialty Stores: CBD Gummies Market - Revenue and Forecast To 2028 (US$ Million)
8.4 Online Retail
8.4.1 Overview
8.4.2 Online Retail: CBD Gummies Market - Revenue and Forecast To 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: CBD Gummies Market - Revenue and Forecast To 2028 (US$ Million)
9. Global CBD Gummies Market - Geographic Analysis
9.1 Overview
9.2 North America: CBD Gummies Market
9.2.1 North America: CBD Gummies Market - Analysis and Forecast to 2028 (US$ Million)
9.2.2 North America: CBD Gummies Market, by Category
9.2.3 North America: CBD Gummies Market, by Distribution Channel
9.2.4 North America: CBD Gummies Market, by Key Country
9.2.4.1 US: CBD Gummies Market -Analysis and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: CBD Gummies Market, by Category
9.2.4.1.2 US: CBD Gummies Market, by Distribution Channel
9.2.4.2 Canada: CBD Gummies Market -Analysis and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: CBD Gummies Market, by Category
9.2.4.2.2 Canada: CBD Gummies Market, by Distribution Channel
9.2.4.3 Mexico: CBD Gummies Market -Analysis and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: CBD Gummies Market, by Category
9.2.4.3.2 Mexico: CBD Gummies Market, by Distribution Channel
9.3 Europe: CBD Gummies Market
9.3.1 Europe: CBD Gummies Market - Analysis and Forecast to 2028 (US$ Million)
9.3.2 Europe: CBD Gummies Market, by Category
9.3.3 Europe: CBD Gummies Market, by Distribution Channel
9.3.4 Europe: CBD Gummies Market, by Key Country
9.3.4.1 Germany: CBD Gummies Market -Analysis and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: CBD Gummies Market, by Category
9.3.4.1.2 Germany: CBD Gummies Market, by Distribution Channel
9.3.4.2 France: CBD Gummies Market -Analysis and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: CBD Gummies Market, by Category
9.3.4.2.2 France: CBD Gummies Market, by Distribution Channel
9.3.4.3 Poland: CBD Gummies Market -Analysis and Forecast to 2028 (US$ Million)
9.3.4.3.1 Poland: CBD Gummies Market, by Category
9.3.4.3.2 Poland: CBD Gummies Market, by Distribution Channel
9.3.4.4 Rest of Europe: CBD Gummies Market -Analysis and Forecast to 2028 (US$ Million)
9.3.4.4.1 Rest of Europe: CBD Gummies Market, by Category
9.3.4.4.2 Rest of Europe: CBD Gummies Market, by Distribution Channel
9.4 Rest of the World: CBD Gummies Market
9.4.1 Rest of the World: CBD Gummies Market - Analysis and Forecast to 2028 (US$ Million)
9.4.2 Rest of the World: CBD Gummies Market, by Category
9.4.3 Rest of the World: CBD Gummies Market, by Distribution Channel
9.4.4 Rest of the World: CBD Gummies Market, by Key Region
9.4.4.1 Asia-Pacific: CBD Gummies Market -Analysis and Forecast to 2028 (US$ Million)
9.4.4.1.1 Asia-Pacific: CBD Gummies Market, by Category
9.4.4.1.2 Asia-Pacific: CBD Gummies Market, by Distribution Channel
9.4.4.2 South and Central America: CBD Gummies Market -Analysis and Forecast to 2028 (US$ Million)
9.4.4.2.1 South and Central America: CBD Gummies Market, by Category
9.4.4.2.2 South and Central America: CBD Gummies Market, by Distribution Channel
9.4.4.3 Africa: CBD Gummies Market -Analysis and Forecast to 2028 (US$ Million)
9.4.4.3.1 Africa: CBD Gummies Market, by Category
9.4.4.3.2 Africa: CBD Gummies Market, by Distribution Channel
10. Overview - Impact of Coronavirus Outbreak
10.1 Impact of COVID-19 on CBD Gummies Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Dixie Brands
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Aurora Cannabis Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Canopy Growth Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Sunday Scaries.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Diamond CBD
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 CBD American Shaman
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 CV Sciences, Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Medix CBD
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 CBDFx
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Elixinol
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Publisher
12.2 Word IndexList of Tables
Table 1. CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Global CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 3. Global CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 4. North America CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 5. North America CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 6. US CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 7. US CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 16. France CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 17. France CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 18. Poland CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 19. Poland CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of the World CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of the World CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 24. Asia-Pacific CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 25. Asia-Pacific CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 26. South and Central America CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 27. South and Central America CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 28. Africa CBD Gummies Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 29. Africa CBD Gummies Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 30. List of AbbreviationList of Figures
Figure 1. Global CBD Gummies Market Segmentation
Figure 2. CBD Gummies Market Segmentation - By Geography
Figure 3. Global CBD Gummies Market Overview
Figure 4. CBD Gummies Market, By Tank Type
Figure 5. CBD Gummies Market, By Geography
Figure 6. Global CBD Gummies Market, Industry Landscape
Figure 7. Expert Opinion
Figure 8. Global CBD Gummies Market Impact Analysis of Drivers and Restraints
Figure 9. Geographic Overview of CBD Gummies Market
Figure 10. Global: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. CBD Gummies Market Revenue Share, By Category (2020 and 2028)
Figure 12. Sugar-free: CBD Gummies Market - Revenue and Forecast To 2028 (US$ Million)
Figure 13. Conventional: CBD Gummies Market - Revenue and Forecast To 2028 (US$ Million)
Figure 14. CBD Gummies Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 15. Specialty Stores: CBD Gummies Market - Revenue and Forecast To 2028 (US$ Million)
Figure 16. Online Retail: CBD Gummies Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. Others: CBD Gummies Market - Revenue and Forecast To 2028 (US$ Million)
Figure 18. Global CBD Gummies Market Revenue Share, by Region (2020 and 2028)
Figure 19. North America: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America: CBD Gummies Market Revenue Share, by Category (2020 and 2028)
Figure 21. North America: CBD Gummies Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 22. North America: CBD Gummies Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. US: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Canada: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Mexico: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe: CBD Gummies Market Revenue Share, by Category (2020 and 2028)
Figure 28. Europe: CBD Gummies Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 29. Europe: CBD Gummies Market Revenue Share, by Key Country (2020 and 2028)
Figure 30. Germany: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. France: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Poland: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Europe: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of the World: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of the World: CBD Gummies Market Revenue Share, by Category (2020 and 2028)
Figure 36. Rest of the World: CBD Gummies Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 37. Rest of the World: CBD Gummies Market Revenue Share, by Key Region (2020 and 2028)
Figure 38. Asia-Pacific: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 39. South and Central America: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 40. Africa: CBD Gummies Market - Revenue and Forecast to 2028 (US$ Million)
Figure 41. Impact of COVID-19 Pandemic on CBD Gummies Market in North America
Figure 42. Impact of COVID-19 Pandemic on CBD Gummies Market in Europe
Figure 43. Impact of COVID-19 Pandemic on CBD Gummies Market in Rest of the World
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Dixie Brands
- Aurora Cannabis Inc.
- Canopy Growth Corporation
- Sunday Scaries.
- Diamond CBD
- CBD American Shaman
- CV Sciences, Inc.
- Medix CBD
- CBDFx
- Elixinol
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | February 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 2133.48 million |
| Forecasted Market Value ( USD | $ 12182.21 million |
| Compound Annual Growth Rate | 28.3% |
| Regions Covered | Global |
