Cannabis-infused Edibles

Cannabis-infused Edibles Market by Product Types (Baked Goods, Beverages, Chocolates), Flavor (Fruity, Savory, Sweet), Ingredients, Gender, Distribution Channel, Consumer Type - Global Forecast 2025-2030

SKU
MRR-4312A385A229
Region
Global
Publication Date
December 2024
Delivery
Immediate
2023
USD 5.12 billion
2024
USD 6.05 billion
2030
USD 16.62 billion
CAGR
18.30%
360iResearch Analyst Ketan Rohom
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The Cannabis-infused Edibles Market size was estimated at USD 5.12 billion in 2023 and expected to reach USD 6.05 billion in 2024, at a CAGR 18.30% to reach USD 16.62 billion by 2030.

Cannabis-infused Edibles Market
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The cannabis-infused edibles market encompasses a wide range of products that integrate cannabis extracts into consumable goods, including candies, beverages, baked goods, and snacks. These products offer an alternative to traditional smoking methods, appealing to both medicinal and recreational consumers. The necessity and application of cannabis-infused edibles arise from their discrete usage, controlled dosing, and wide product variety, attracting various demographic segments, including those seeking therapeutic benefits such as pain relief and anxiety reduction. Key end-use markets include medical patients, wellness enthusiasts, and recreational users, with legalization efforts and shifting social norms driving expansion.

Market dynamics are influenced by the widespread legalization of cannabis across various regions, increasing consumer awareness, and the innovation of novel product forms. Regulations around cannabis consumption ease, enhancing accessibility and contributing to growing consumer acceptance. Opportunities abound as companies explore expanding product offerings and leveraging partnerships for distribution in new geographic markets. Notably, the rise of CBD-infused goods provides an avenue for companies to target non-THC markets, further broadening consumer bases. However, the market faces challenges including regulatory disparities across different jurisdictions, consumer misconceptions, and potential product safety concerns.

For sustained growth, businesses need to focus on innovation, emphasizing quality, and diverse product portfolios, including sugar-free and organic options to cater to health-conscious consumers. Investment in research can lead to enhanced bioavailability and optimized formulations, giving brands a competitive edge. Companies should actively engage with regulatory bodies to ensure compliance and adapt to evolving guidelines. As consumer education remains crucial, empowering consumers with knowledge about cannabis benefits and safe consumption practices can quickly shift behavior patterns to drive market growth. Thus, while the cannabis-infused edibles market demonstrates considerable growth potential, it requires strategic navigation through regulatory landscapes and consumer engagement for maximization of opportunities.

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Market Dynamics

The market dynamics represent an ever-changing landscape of the Cannabis-infused Edibles Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Increasing awareness about the potential health benefits of cannabis-infused products
    • Expansion of product variety and flavors in cannabis edibles attracts diverse consumer segments
    • Rising consumer acceptance and legalization of cannabis across various regions
  • Market Restraints
    • Health risks related to excessive consumption and concerns over the safety of edibles
  • Market Opportunities
    • Developing cannabis-infused edibles suitable for dietary restrictions such as vegan or gluten-free diets
    • Introducing sustainable packaging solutions to appeal to environmentally-conscious purchasers
  • Market Challenges
    • Complex regulatory landscapes impacting cannabis-infused edible product development

Market Segmentation Analysis

  • Product Types: Growing demand for gummies due to their dose control and variety of flavors

    Baked goods, including popular choices such as brownies, cookies, and pastries, are classic entry points for consumers due to their familiarity and ease of consumption. These products capitalize on their rich, indulgent nature, aligning well with the relaxation and therapeutic appeals of cannabis. The beverage, featuring infused water, sodas, and teas, is rapidly growing as consumers seek discreet and refreshing ways to consume cannabis. This category benefits from the health-conscious trend, with infused water and teas catering to consumers looking for low-calorie, hydrating options. Chocolates remain a staple, appealing to those with a sweet tooth. Variants such as dark, milk, and white chocolate offer versatility in taste and cater to diverse consumer preferences while providing a sophisticated backdrop for the cannabis experience. Gummies have become the darling of the edibles market due to their dose control, variety of flavors, and portability, establishing a stronghold, especially among new users, for their candy-like appeal and ease of dosing. In the realm of savory items, products such as dressings, sauces, and spreads are carving a niche, offering an alternative for consumers who prefer savory over sweet. These products can seamlessly integrate into daily meals, making them a versatile choice for culinary enthusiasts. The snack foods, including chips, nuts, and popcorn, offer convenient, on-the-go options that align with the snacking culture prevalent among millennials and Gen Z consumers. These items provide a savory or salty counterpart to sweet edibles, enhancing consumer choice.

  • Distribution Channel: Rising consumer preference for offline distribution channels due to the immediacy of purchase

    Offline distribution channels primarily include physical dispensaries and retail stores, which remain the dominant outlets for purchasing cannabis edibles. These locations offer consumers the benefit of direct, in-person interactions with knowledgeable staff, allowing for personalized recommendations and education on product usage. Many consumers prefer shopping offline due to the immediacy of purchase and the assurance of physical inspection before buying. Additionally, offline channels facilitate impulse buying and allow brands to stand out through strategic in-store marketing and product placement. Online distribution sales of cannabis-infused edibles are experiencing significant growth, driven by increasing consumer comfort with digital shopping and the convenience it offers. E-commerce platforms and direct-to-consumer websites provide broader product selections and often more competitive pricing. Online channels also cater to consumers seeking discretion and privacy, allowing them to explore products without visiting a physical location. 

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Cannabis-infused Edibles Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

PESTLE Analysis

The PESTLE analysis offers a comprehensive tool for understanding and analyzing the external macro-environmental factors that impact businesses within the Cannabis-infused Edibles Market. This framework examines Political, Economic, Social, Technological, Legal, and Environmental factors, providing companies with insights into how these elements influence their operations and strategic decisions. By using PESTLE analysis, businesses can identify potential opportunities and threats in the market, adapt to changes in the external environment, and make informed decisions that align with current and future conditions. This analysis helps companies anticipate shifts in regulation, consumer behavior, technology, and economic conditions, allowing them to better navigate risks and capitalize on emerging trends.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cannabis-infused Edibles Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cannabis-infused Edibles Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Recent Developments

  • Grön and Curaleaf's exclusive Prickly Pear launch in Arizona capitalizes on local flavor preferences

    Grön and Curaleaf's collaboration introduces an exclusive Prickly Pear flavor in Arizona, tapping into local consumer preferences for high-dose cannabis edibles. This partnership underscores Grön's strategy of market-specific product development, aimed at enhancing customer experience and satisfaction by blending regional tastes with high-quality edibles. [Published On: December 02, 2024]

  • Dialed In Gummies introduces premium solventless rosin edibles to elevate Ohio's cannabis market

    Dialed In Gummies, a Sun Theory company, has launched premium rosin gummies in Ohio, tapping into a burgeoning adult-use cannabis market. These solventless, full-spectrum edibles offer high-quality taste and effects, differentiating Dialed In in a market with limited options. By partnering with top Ohio cultivators, Dialed In emphasizes quality and exclusivity, producing gummies in small batches for discerning consumers. [Published On: November 20, 2024]

  • The Cannabist Company collaborates with minority-owned edibles company ButACake

    The Cannabist Company has expanded its collaboration with minority-owned edibles company ButACake, launching ButACake's oral dissolvable strips in the Maryland market. This partnership follows their successful entry into Delaware and New Jersey, demonstrating rapid market penetration for ButACake's cannabis-infused products. [Published On: August 16, 2024]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cannabis-infused Edibles Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Cannabis-infused Edibles Market, highlighting leading vendors and their innovative profiles. These include Atlas Growers Ltd., Auntie Dolores, Aurora Cannabis Inc., Baked Bros, Balanced Health Botanicals by Village Farms International, Cannabinoid Creations, Canopy Growth Corporation, Charlotte's Web Holdings Inc, Cheeba Chews, Chef Rubber, Coast Cannabis Co., Cresco Labs, LLC, Cronos Group Inc., Curaleaf Holdings Inc., CV Sciences, Inc., Dixie Group, Inc., Elixinol LLC, Evergreen herbal limited, Green Organic Dutchman Holdings Ltd., Green Thumb Industries Inc., HEAVENLY SWEET CALIFORNIA, HeavenlyRx, Ltd., Heineken International B.V., Isodiol International Inc., Joy Organics LLC, Kats Botanicals, Kaya Holdings, Inc., Kazmira LLC, Kiva Products, LLC, Koios Beverage Corp, Medical Marijuana Inc., Medically Correct LLC, Medix CBD, Melodiol Global Health Limited, Mentor Cannabis, Inc., Mirth Provisions, Organigram Holdings Inc., Plus Products Inc. By Glass House Brands, Resonate Blends, Inc., Tilray Inc., and White Rabbit.

Market Segmentation & Coverage

This research report categorizes the Cannabis-infused Edibles Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product Types
    • Baked Goods
      • Brownies
      • Cookies
      • Pastries
    • Beverages
      • Infused Water
      • Sodas
      • Teas
    • Chocolates
      • Dark Chocolate
      • Milk Chocolate
      • White Chocolate
    • Gummies
    • Savory Items
      • Dressings
      • Sauces
      • Spreads
    • Snack Foods
      • Chips
      • Nuts
      • Popcorn
  • Flavor
    • Fruity
      • Berry
      • Citrus
      • Tropical
    • Savory
      • Cheese
      • Herbaceous
      • Spicy
    • Sweet
      • Caramel
      • Chocolate
      • Vanilla
  • Ingredients
    • Artificial Ingredients
    • Natural Ingredients
  • Gender
    • Female
    • Male
  • Distribution Channel
    • Offline
    • Online
  • Consumer Type
    • Medical Users
    • Recreational Users
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Cannabis-infused Edibles Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Cannabis-infused Edibles Market, by Product Types
  7. Cannabis-infused Edibles Market, by Flavor
  8. Cannabis-infused Edibles Market, by Ingredients
  9. Cannabis-infused Edibles Market, by Gender
  10. Cannabis-infused Edibles Market, by Distribution Channel
  11. Cannabis-infused Edibles Market, by Consumer Type
  12. Americas Cannabis-infused Edibles Market
  13. Asia-Pacific Cannabis-infused Edibles Market
  14. Europe, Middle East & Africa Cannabis-infused Edibles Market
  15. Competitive Landscape
Frequently Asked Questions
  1. How big is the Cannabis-infused Edibles Market?
    Ans. The Global Cannabis-infused Edibles Market size was estimated at USD 5.12 billion in 2023 and expected to reach USD 6.05 billion in 2024.
  2. What is the Cannabis-infused Edibles Market growth?
    Ans. The Global Cannabis-infused Edibles Market to grow USD 16.62 billion by 2030, at a CAGR of 18.30%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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