According to a new market research report "CBD-infused Products Market by Source, Type (Personal Care Products, Supplements, and Pet Products), Beverages (Non-alcoholic Beverages and Alcoholic Beverages), and Distribution Channel (Offline Store and Online Store) — Global Forecast to 2028", published by Meticulous Research®, the CBD-infused products market is expected to grow at a CAGR of 45.6% from 2021 to 2028 to reach $216.8 billion by 2028.
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The growth of this market is mainly attributed to the rising demand and increasing legalization of cannabis, growing application of cannabis in cancer, and health benefits offered by cannabis-infused products. In addition, the usage of cannabis in pet food and the increasing demand for cannabis-infused drinks provides significant opportunities for manufacturers of CBD-infused products. However, the high cost associated with cannabidiol and stringent government regulations against cannabis in certain countries hinders the growth of this market.
The CBD-infused products market studied in this report is majorly segmented by source (hemp and marijuana), type [edibles (confectionery products, bakery products, beverages, coffee & tea products, and other CBD edible products), oil and extracts, personal care products (skincare products, haircare products, deodorants & perfumes, other personal care products), smoke & vape products, supplements, and other CBD products]; distribution channel [offline (dispensaries, pharmacies, natural health foods store, and others) and online], and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the country level.
Based on the source, the CBD-infused products market is mainly segmented into hemp and marijuana. In 2021, the hemp segment is estimated to account for the larger share of the overall CBD-infused products market. The large share of this segment is mainly attributed to its lower THC concentrations, which decrease or eliminate its psychoactive effects and increasing number of hemp-derived products for various medical applications. Also, its anti-inflammatory, anti-aging, antioxidant properties; and high effectiveness of CBD extracted from hemp is a key factor for the large share of this segment.
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The key players profiled in the global CBD-infused products market are Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), Docklight Brands, Inc. (U.S.), Maricann Inc. (Canada), Tilray, Inc. (Canada), Gw Pharmaceuticals Plc (U.K.), Vivo Cannabis Inc. (Canada), Cresco Labs, Inc. (U.S.), Tauriga Sciences, Inc. (U.S.), Marimed Inc. (U.S.), CV Sciences, Inc. (U.S.), Puration, Inc. (U.S.), Kona Gold Solutions Inc. (U.S.), Bhang Inc. (U.S.), DT Brands & Co (N.I.) Ltd. (U.S.), Forest Coffee Trading Co. (U.S.), L8 Life, Inc. (U.S.), Honeydrop Beverages Inc (U.S.), and Elixinol Global Limited (Australia), among others.
Scope of the Report:
CBD-infused Products Market, by Source
- Hemp
- Marijuana
CBD-infused Products Market, by Type
- Edibles
- Confectionery Products
- Bakery Products
- Beverages
- Coffee & Tea Products
- Other Edible Products
- Oil & Extracts
- Personal Care Products
- Skincare Products
- Haircare Products
- Deodorants and Perfumes
- Other Personal Care Products
- Smoke & Vape Products
- Supplements
- Other CBD Products
CBD-infused Products Market, by Distribution Channel
- Offline Store
- Dispensary
- Pharmacies
- Natural Health Foods Store
- Other Stores
- Online Store
CBD-infused Products Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Italy
- France
- Benelux
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- Australia
- New Zealand
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Mexico
- Brazil
- Colombia
- Argentina
- Chile
- Uruguay
- Rest of Latin America (RoLATAM)
- Middle East & Africa
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