Global Cannabis Infused Edibles Market Report 2022-2027 with Charlotte’s Web, Cannabinoid Creations, Dixie Elixirs, Sprig and Botanic Labs – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Cannabis-Infused Edibles Market – Growth, Trends, COVID-19 Impact, and Forecast (2022-2027)” report has been added to from ResearchAndMarkets.com offer.

The cannabis-infused edibles market is expected to grow at a CAGR of 5.43% during the forecast period.

The aversion to smoking is one of the main factors that has led to the significant growth of cannabis-infused edibles in recent years.

The fact that edibles are stealthy and allow consumers to unknowingly devour them has shifted consumer preferences away from smoking towards edibles. This growing popularity has led to edibles entering most US retailers, where the state must have specific cannabis or marijuana laws.

The cannabis edibles segment in Europe is considered to be the fastest growing category in the cannabis industry, with subcategories such as gummies and infused drinks having experienced a significant growth trajectory in recent years. . Additionally, most cannabis edibles meet the demands of modern consumers, where products need to be discreet, easy to use, safe, and in precise dosages.

Main market trends

More patents and collaborations with micro-dosing

The microdosing of cannabis in terms of edibles and beverages is expected to reach significant new heights in the coming years. With big names in the portfolio such as Constellation brands, MPX, Gfarmalabs and Sprig started their work on cannabis infused drinks, after them HEMP20 and THC Pharma are also slowly entering the field.

New launches are expected from the cannabis industry over the next few years where currently new brands such as Province Brands, a Canadian research and development company, are set to launch the first beer without alcohol in the world brewed from cannabis. Companies such as HEMP20 have patented technology on DehydraTECH, which increases the rate of internal absorption.

Collaboration across the industry is massive where brands such as Constellation and Canopy Growth are expanding the cannabis beverage market. On the other hand, AB InBev and Tilray embarked on a $100 million venture to research cannabis-infused soft drinks exceptionally for the Canadian market.

North America leads the market for cannabis-infused edibles

In addition to continued sales of cannabis-related products in the United States, retail sales of cannabis-infused edibles saw significant growth in 2019 compared to the prior year’s performance. The edible segment comprises 9% and 13% of adult cannabis sales in the United States, while the beverage segment contributes up to 1% to 2% of additional sales.

In addition, packaging also played a major role in determining sales, where on average, edible packaging was around 100mg per serving with a price premium. On the other hand, Canada is also focusing on expanding its retail sales of edibles with single servings, which constitute approximately 10mg of edibles. However, in Canada, the supply of edibles will be limited initially, but will increase in the future as regulators sense the positive aspect of its use and safety.

Competitive landscape

The global cannabis infused edibles market is a fragmented market with the presence of various regional and global players. Major players present in the market are Botanic Labs, Dixie Brands, Bhang Chocolate Company Hugs Wellness, Sprig, among others.

Product innovation turns out to be the major tool used by players to expand their offer, and thus gain a competitive advantage over other players. Private labels hold a significant share of the market with diverse product offerings.

Main topics covered:

1. INTRODUCTION

1.1 Study deliverables

1.2 Assumptions of the study

1.3 Scope of the study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

3.1 Market Overview

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Constraints

4.3 Porter’s Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By product type

5.1.1 Food

5.1.1.1 Chocolates

5.1.1.2 Gummies

5.1.1.3 Mints and pies

5.1.1.4 Brownies and cookies

5.1.1.5 Others

5.1.2 Beverages

5.1.2.1 Energy drinks

5.1.2.2 Fruit juice

5.1.2.3 Herbal tea

5.1.2.4 Others

5.2 By distribution channel

5.2.1 Supermarkets/Hypermarkets

5.2.2 Troubleshooters

5.2.3 Specialized stores

5.2.4 Online stores

5.2.5 Others

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Most active companies

6.2 Most Adopted Strategies

6.3 Market Share Analysis

6.4 Company Profiles

6.4.1 Charlotte’s Web

6.4.2 Cannabinoid creations

6.4.3 Dixie Elixirs

6.4.4 Strand

6.4.5 Botanical laboratories

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/3ilglk


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