According to IMARC Group’s latest report, titled “CBD Gummies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global CBD gummies market exhibited strong growth during 2015-2020. Cannabidiol (CBD) gummies are available in a wide array of colors, shapes, flavors, and concentrations. They comprise the therapeutic compound of CBD, which is obtained from the cannabis plant. They are consumed to treat insomnia, minimize stress, relieve chronic pain, and reduce anxiety and depression. At present, their sales are increasing on account of the rising legalization of cannabis for medical and recreational purposes in numerous countries, including the United States, Canada, and Mexico.
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Rising awareness about the benefits of CBD gummies, such as treating inflammation and better stress management, represents one of the major factors strengthening the growth of the market. Apart from this, the growing prevalence of respiratory ailments on account of smoking cannabis has resulted in the changing consumer inclination towards CBD-infused edibles. This, along with the increasing number of individuals suffering from neurological and psychiatric disorders, is positively influencing the sales of CBD gummies across the globe. Looking forward, IMARC Group expects the global CBD gummies market to grow at a CAGR of around 27% during 2021-2026.
Competitive Landscape with Key Players:
- CBD American Shaman LLC
- CV Sciences, Diamond CBD Limited
- Dixie Brands Inc.
- Green Roads CBD
- Hemp Bombs, Medix CBD
- Premium Jane
- Pure Kana
- Reliva CBD Wellness
- Sunday Scaries.
CBD Gummies Market Segmentation:
Breakup by Concentration:
- High Concentration
- Low Concentration
Breakup by Packaging:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Head Shops
- Smoke Shops
- Local Health Stores
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, South Korea, Australia, Others)
- Europe (Germany, United Kingdom, Netherlands, Spain, Others)
- Latin America (Brazil, Argentina, Others)
- Middle East and Africa (South Africa, Israel)
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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