Global Cannabis-infused Edible Products Market 2023-2027; Growing Social Acceptance Of Cannabis to boost the market growth - Technavio

NEW YORK, May 29, 2023 /PRNewswire/ -- The global cannabis-infused edible products market size is expected to grow by USD 5,638.94 million during 2023-2027, progressing at a CAGR of 19.32% as per the latest Technavio market research report. North America is estimated to account for 90% of the market's overall growth. The growing awareness about the health benefits of cannabis will facilitate the global cannabis-infused edible products market growth in the region. The Netherlands and Germany are the key markets for cannabis-infused edible products market in the North American region. Furthermore, market growth in this region will be faster than the growth of the market in regions. Hence, such factors influence the growth of the regional market during the forecast period. For more insights on the market share of various regions- Download a sample report in MINUTES

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Cannabis-infused Edible Products Market: Growing social acceptance of Cannabis to drive growth

• Growing awareness about the health benefits of cannabis is the key factor that drives the growth of the global cannabis-infused edible products market. 
• Cannabis contains compounds known as cannabinoids, such as tetrahydrocannabinol (THC) and cannabidiol (CBD), which have been found to have a variety of potential health benefits.
• For instance, CBD has been known to have anti-inflammatory and anti-anxiety properties, while THC has been used to treat pain and nausea in cancer patients.
• Additionally, there are also regulatory changes taking place around the world that are fueling the growth of the cannabis-infused food market. Several countries have recently legalized cannabis for medical or recreational use, opening new markets for cannabis products.
• Hence, such factors are expected to drive the growth of the global cannabis-infused edible market during the forecast period.

Cannabis-infused Edible Products Market: Advent Of Advanced Cultivation Methods For Cannabis 

• The advent of advanced cultivation methods for cannabis is an emerging trend in the global cannabis-infused edible products market. 
• Advanced techniques such as Screen of Green (SCROF) and Sea of Green (SOG) significantly improve production levels. Such techniques use a nutrient-laden solution to produce cannabis that is rich in tetrahydrocannabinol (THC).
• Moreover, cannabis is usually grown on a commercial scale in fully equipped laboratories with various facilities such as sanitized chambers and a controlled environment.
• Hence, such factors are expected to fuel the growth of the global cannabis-infused edible products market during the forecast period.

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Some of the key Global Cannabis-infused Edible Products Market Players:

The global cannabis-infused edible products market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Bhang Corp., Blemish Inc., Cannabinoid Creations, Cannabis Energy Drink, CBDfx UK, Charlottes Web Holdings Inc., Diamond CBD, Dixie Elixirs LLC, Green Roads Inc., Gron, Hugs Wellness Inc., Kats Botanicals, Kiva Brands Inc., Lulus Chocolate, Medix CBD, Medterra CBD, Sunday Scaries, Cornbread Hemp, Happy Flower Co., and Harmony

This market research report segments the global cannabis-infused edible products market by distribution channel (offline and online), product (food and beverage), and geography (North America, Europe, and Rest of World (ROW)). 

• The market share growth by the offline segment will be significant during the forecast period. The distribution channel can vary in different countries and regions, depending on the legal status accorded to cannabis consumption. Cannabis-infused edible products can be sold through dispensaries and pharmacies, in some countries where cannabis is legal for recreational or medicinal use. Hence, the growing social acceptance of cannabis, rising awareness about its health benefits, and the legalization of cannabis across various countries are some of the factors driving the growth of the offline segment of the global cannabis-infused edible products market during the forecast period.

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The medical marijuana market size is expected to increase by USD 14.47 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 18.91%. Furthermore, this report extensively covers medical marijuana market segmentation by application (chronic pain, nausea, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The rising number of product launches is notably driving the medical marijuana market growth.

The cannabis-based alcoholic beverages market size is expected to increase by USD 155.28 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 18.53%. Furthermore, this report extensively covers market segmentation by type (cannabis-infused beers, cannabis-infused spirits, and cannabis-infused wines) and geography (North America, Europe, APAC, South America, and MEA). The advanced techniques used in the cultivation of cannabis are notably driving the market growth.

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

5 Market Segmentation by Distribution Channel

• 5.1 Market segments 
• Exhibit 25: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 5.2 Comparison by Distribution Channel 
• Exhibit 27: Chart on Comparison by Distribution Channel
• Exhibit 28: Data Table on Comparison by Distribution Channel

• 5.3 Offline - Market size and forecast 2022-2027
• Exhibit 29: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 30: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 31: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 5.4 Online - Market size and forecast 2022-2027
• Exhibit 33: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 5.5 Market opportunity by Distribution Channel
• Exhibit 37: Market opportunity by Distribution Channel ($ million)
• Exhibit 38: Data Table on Market opportunity by Distribution Channel ($ million)

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 39: Chart on Product - Market share 2022-2027 (%)
• Exhibit 40: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 41: Chart on Comparison by Product
• Exhibit 42: Data Table on Comparison by Product

• 6.3 Food - Market size and forecast 2022-2027
• Exhibit 43: Chart on Food - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Data Table on Food - Market size and forecast 2022-2027 ($ million)
• Exhibit 45: Chart on Food - Year-over-year growth 2022-2027 (%)
• Exhibit 46: Data Table on Food - Year-over-year growth 2022-2027 (%)

• 6.4 Beverage - Market size and forecast 2022-2027
• Exhibit 47: Chart on Beverage - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Beverage - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Beverage - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Beverage - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 51: Market opportunity by Product ($ million)
• Exhibit 52: Data Table on Market opportunity by Product ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 54: Chart on Market share by geography 2022-2027 (%)
• Exhibit 55: Data Table on Market share by geography 2022-2027 (%)

• 8.2 Geographic comparison 
• Exhibit 56: Chart on Geographic comparison
• Exhibit 57: Data Table on Geographic comparison

• 8.3 North America - Market size and forecast 2022-2027
• Exhibit 58: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 59: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 61: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 8.4 Europe - Market size and forecast 2022-2027
• Exhibit 62: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 65: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 8.5 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 66: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 69: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 8.6 US - Market size and forecast 2022-2027
• Exhibit 70: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2022-2027 (%)

• 8.7 Canada - Market size and forecast 2022-2027
• Exhibit 74: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 8.8 The Netherlands - Market size and forecast 2022-2027
• Exhibit 78: Chart on The Netherlands - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Data Table on The Netherlands - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Chart on The Netherlands - Year-over-year growth 2022-2027 (%)
• Exhibit 81: Data Table on The Netherlands - Year-over-year growth 2022-2027 (%)

• 8.9 Germany - Market size and forecast 2022-2027
• Exhibit 82: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 85: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 8.10 Mexico - Market size and forecast 2022-2027
• Exhibit 86: Chart on Mexico - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Chart on Mexico - Year-over-year growth 2022-2027 (%)
• Exhibit 89: Data Table on Mexico - Year-over-year growth 2022-2027 (%)

• 8.11 Market opportunity by geography 
• Exhibit 90: Market opportunity by geography ($ million)
• Exhibit 91: Data Tables on Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers 

• 9.2 Market challenges 

• 9.3 Impact of drivers and challenges 
• Exhibit 92: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends 

10 Vendor Landscape

• 10.1 Overview 

• 10.2 Vendor landscape 
• Exhibit 93: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 94: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 95: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 96: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 97: Matrix on vendor position and classification

• 11.3 Bhang Corp. 
• Exhibit 98: Bhang Corp. - Overview
• Exhibit 99: Bhang Corp. - Product / Service
• Exhibit 100: Bhang Corp. - Key offerings

• 11.4 Cannabinoid Creations 
• Exhibit 101: Cannabinoid Creations - Overview
• Exhibit 102: Cannabinoid Creations - Product / Service
• Exhibit 103: Cannabinoid Creations - Key offerings

• 11.5 Cannabis Energy Drink 
• Exhibit 104: Cannabis Energy Drink - Overview
• Exhibit 105: Cannabis Energy Drink - Product / Service
• Exhibit 106: Cannabis Energy Drink - Key offerings

• 11.6 CBDfx UK 
• Exhibit 107: CBDfx UK - Overview
• Exhibit 108: CBDfx UK - Product / Service
• Exhibit 109: CBDfx UK - Key offerings

• 11.7 Charlottes Web Holdings Inc. 
• Exhibit 110: Charlottes Web Holdings Inc. - Overview
• Exhibit 111: Charlottes Web Holdings Inc. - Product / Service
• Exhibit 112: Charlottes Web Holdings Inc. - Key news
• Exhibit 113: Charlottes Web Holdings Inc. - Key offerings

• 11.8 Diamond CBD 
• Exhibit 114: Diamond CBD - Overview
• Exhibit 115: Diamond CBD - Product / Service
• Exhibit 116: Diamond CBD - Key offerings

• 11.9 Dixie Elixirs LLC 
• Exhibit 117: Dixie Elixirs LLC - Overview
• Exhibit 118: Dixie Elixirs LLC - Product / Service
• Exhibit 119: Dixie Elixirs LLC - Key offerings

• 11.10 Green Roads Inc. 
• Exhibit 120: Green Roads Inc. - Overview
• Exhibit 121: Green Roads Inc. - Product / Service
• Exhibit 122: Green Roads Inc. - Key offerings

• 11.11 Gron 
• Exhibit 123: Gron - Overview
• Exhibit 124: Gron - Product / Service
• Exhibit 125: Gron - Key offerings

• 11.12 Hugs Wellness Inc. 
• Exhibit 126: Hugs Wellness Inc. - Overview
• Exhibit 127: Hugs Wellness Inc. - Product / Service
• Exhibit 128: Hugs Wellness Inc. - Key offerings

• 11.13 Kats Botanicals 
• Exhibit 129: Kats Botanicals - Overview
• Exhibit 130: Kats Botanicals - Product / Service
• Exhibit 131: Kats Botanicals - Key offerings

• 11.14 Kiva Brands Inc. 
• Exhibit 132: Kiva Brands Inc. - Overview
• Exhibit 133: Kiva Brands Inc. - Product / Service
• Exhibit 134: Kiva Brands Inc. - Key offerings

• 11.15 Lulus Chocolate 
• Exhibit 135: Lulus Chocolate - Overview
• Exhibit 136: Lulus Chocolate - Product / Service
• Exhibit 137: Lulus Chocolate - Key offerings

• 11.16 Medix CBD 
• Exhibit 138: Medix CBD - Overview
• Exhibit 139: Medix CBD - Product / Service
• Exhibit 140: Medix CBD - Key offerings

• 11.17 Sunday Scaries 
• Exhibit 141: Sunday Scaries - Overview
• Exhibit 142: Sunday Scaries - Product / Service
• Exhibit 143: Sunday Scaries - Key offerings

12 Appendix

• 12.1 Scope of the report 

• 12.2 Inclusions and exclusions checklist
• Exhibit 144: Inclusions checklist
• Exhibit 145: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 146: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 147: Research methodology
• Exhibit 148: Validation techniques employed for market sizing
• Exhibit 149: Information sources

• 12.5 List of abbreviations 
• Exhibit 150: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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