[189 Pages Report] The Cannabis-infused Edibles Market size was estimated at USD 5.13 billion in 2023 and expected to reach USD 6.00 billion in 2024, at a CAGR 11.64% to reach USD 11.09 billion by 2030.
Cannabis-infused edibles are food products infused with cannabinoids, an active compound found in the cannabis plant. These edibles can take various forms, including baked goods, chocolates, gummies, beverages, cooking oils, and more. The infusion of cannabis is often achieved by incorporating cannabis extracts such as cannabidiol (CBD), tetrahydrocannabinol (THC), or a combination of both. Increased legalization of cannabis for medical & recreational use, coupled with growing awareness of the health benefits associated with cannabis, has increased the demand for cannabis-infused edible products. Moreover, the rising millennial population demanding cannabis-infused edibles has increased the market scope further. However, difficulty in establishing consistent dosing and potency standards may restrict the market growth. Nevertheless, the development of new forms of edibles that cater to dietary restrictions and preferences, such as vegan or gluten-free options, is expected to add to the market scope in an opportunistic way. Moreover, partnerships with established food and beverage companies could also provide new avenues for market penetration and growth.
In the Americas, particularly in North America, the market for cannabis-infused edibles has been experiencing significant growth. Countries such as the United States and Canada have made substantial progress in legalizing cannabis for medical as well as recreational use, which has been a pivotal factor contributing to the industry's expansion. In Latin America, the market is less mature, with most countries only beginning to explore medical cannabis programs. Notably, Uruguay has fully legalized cannabis, creating opportunities for edibles, but strict regulations limit the market when compared to North America. Countries, including Mexico and Argentina, are also on the path toward legalization, which could potentially open new markets for cannabis-infused edibles in the future. The EMEA region presents a diverse landscape for cannabis-infused edibles. In Europe, countries such as the Netherlands have a longstanding tolerance policy for cannabis, and edibles are available to a certain extent in coffee shops. Germany, which has a growing medical cannabis market, is poised to witness an increase in demand for edibles as the country continues to develop its regulatory framework. The United Kingdom's nascent medical cannabis program might provide a gateway for the entry of edibles into the market, albeit in a highly regulated medicinal context. The Middle East and parts of Africa have stringent laws regarding cannabis, which limits the market for edibles. However, countries such as Israel are progressive in terms of cannabis research and medicinal use, and this could set the stage for the development of an edibles market in the region. South Africa's recent legalization of private cannabis consumption could also lead to a nascent edibles market in the long term. Asia Pacific's market for cannabis-infused edibles is relatively undeveloped due to strict drug laws across the region. However, signs of change in some economies are moving towards a medicinal cannabis market, potentially paving the way for edibles. Similarly, areas in Oceania, including Australia and New Zealand, have begun exploring medical cannabis programs, with edible products being considered for legalization under specific conditions. In terms of products, the demand in the Asia Pacific region is expected to skew towards medicinal and wellness products, with a focus on non-psychoactive CBD-infused edibles rather than THC-dominant products. Consumer awareness and education will be key in markets where traditional views have a predominant influence.
The Cannabis-infused baked products include a wide variety of goods such as cookies, brownies, cakes, and pastries, appealing to consumers seeking comfort foods with the added benefits of cannabis. As these products are often homemade, quality and potency can vary significantly. Regulatory constraints on dosage and packaging are critical factors influencing the development and sales of these products. Additionally, consumer trends are veering towards healthier options with lower sugar content and gluten-free alternatives, impacting product innovation within this category. Chocolates and bars are often marketed as premium or artisanal, appealing to a consumer base that is both quality-conscious and willing to pay a higher price for luxury edibles. Dark chocolate, in particular, is popular due to its antioxidant properties and perceived health benefits. The cannabis-infused drinks sector includes teas, sodas, juices, and even alcoholic-beverage alternatives. Consumers show increasing preferences for these segments as they offer familiar and convenient consumption methods. The future of this segment may involve competition with the traditional beverages market, focusing on low-calorie options, natural ingredients, and varying potency levels to cater to different consumer preferences. Gum and sprays are innovative additions to the cannabis edibles market, offering discrete and convenient options for consumers. These products come in various flavors and are designed for microdosing and fast-acting effects, particularly appealing to those seeking control over their cannabis intake and quick relief for conditions such as pain or anxiety. The sugar candies segment includes gummies, hard candies, lollipops, and jelly beans. This category has seen a surge in popularity, particularly for gummies, due to their ease of use, discrete nature, and variety of flavors. Candy-type edibles are also amenable to precise dosing, which is a key consideration for consumers.
Hemp CBD oil is derived particularly from the hemp plant cultivated primarily for industrial and commercial uses. Unlike marijuana, hemp is legally distinguished by its low tetrahydrocannabinol (THC) content, usually less than 0.3% on a dry weight basis. This allows hemp to be legally grown and used for products in many jurisdictions under regulations such as the United States Farm Bill. When used as a raw material in cannabis-infused edibles, hemp CBD oil shows potential health benefits without the psychoactive effects regarding higher THC levels. It is rich in cannabidiol (CBD), studied for its anti-inflammatory, analgesic, and anxiolytic properties. Hemp CBD oil is often marketed as a wellness supplement, and its non-intoxicating profile makes it an appealing ingredient for edibles aimed at consumers interested in the therapeutic aspects of cannabis without experiencing the 'high' of THC. Marijuana CBD oil comes from Cannabis sativa or Cannabis indica plants that are primarily grown for their high THC and CBD content. The main distinction between hemp-derived CBD oil and marijuana-derived CBD oil lies in the THC content. Marijuana plants usually have higher concentrations of both THC and CBD, which means marijuana CBD oil can induce psychoactive effects, depending on the amount of THC present. When incorporated into edibles, marijuana CBD oil provides not only the purported therapeutic effects of CBD but also the psychoactive effects of THC. This combination is often sought after by users who desire both the medicinal benefits and the euphoric feelings that can be conducive to relaxation or creative pursuits. In jurisdictions where marijuana is legal for medicinal or recreational use, marijuana CBD oil can be a key component of a diverse array of edible products, catering to consumers who may prefer the convenience and discretion of ingestible cannabis products.
The category of inorganic cannabis-infused edibles encompasses products that may include synthetic or non-natural ingredients alongside cannabis extracts. These products can span from baked goods to candies and gummies, often prioritizing shelf-life, flavor consistency, and cost-effectiveness. Preference for inorganic cannabis-infused edibles might stem from consumers seeking more affordable options, those less concerned about the inclusion of artificial additives, or individuals looking for products with a longer shelf life. Organic cannabis-infused edibles are characterized by their utilization of naturally sourced ingredients, excluding synthetic fertilizers, pesticides, and other artificial additives. These products frequently include health-conscious options such as gluten-free, vegan, or non-GMO formulations. Consumers tend to choose organic cannabis-infused edibles for health and environmental reasons. This preference is common among individuals who prioritize clean eating and sustainable agriculture and are willing to invest in higher-quality, natural ingredients.
The offline distribution channel for cannabis-infused edibles typically involves brick-and-mortar establishments such as dispensaries, cannabis retail stores, and sometimes wellness centers or pharmacies in jurisdictions where medicinal cannabis is legal. These establishments must adhere to strict regulatory standards, which include licensing, security requirements, and compliance with local and state laws regarding the sale of cannabis products. Dispensaries are crucial as they offer personalized customer service and educated budtenders who can advise consumers on product selection according to their needs and preferences. E-commerce platforms and direct-to-consumer sales define online distribution channels for cannabis-infused edibles through the digital storefronts of licensed retailers or producers. The availability of this channel varies considerably based on the local regulatory environment, with some jurisdictions allowing online sales and delivery while others strictly prohibit them. Online retailers are also employing advanced age verification software and compliance tracking to ensure they meet all legal requirements. Moreover, these platforms often offer a broader product selection and can leverage data analytics to better understand consumer preferences and tailor their offerings.
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.
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Cannabis-infused Edibles Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Cannabis-infused Edibles Market.
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.
The value chain of the Cannabis-infused Edibles Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.
The pricing analysis comprehensively evaluates how a product or service is priced within the Cannabis-infused Edibles Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Cannabis-infused Edibles Market.
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Cannabis-infused Edibles Market.
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Cannabis-infused Edibles Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.
The trade analysis of the Cannabis-infused Edibles Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.
The regulatory framework analysis for the Cannabis-infused Edibles Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.
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).
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.
iAnthus Announces Strategic Partnership with Grön Edibles to Bring an Innovative Women Owned Edible Brand to New Jersey
iAnthus Capital Holdings, Inc. collaborated with Gron, to introduce Grön's signature edibles to the New Jersey market, commencing with its Grön Sugar-Coated Pearl gummies now obtainable at MPX-NJ locales statewide. Grön, embarking on its fifth market expansion, will oversee production in New Jersey to ensure unmatched quality and product uniformity. The initial offering includes an array of sugar-coated pearl gummies, with an expansive selection of chocolates and unique gummies slated for future release, meticulously designed to cater to varied consumer tastes while driving the brand's prominence throughout the state. [Published On: 2024-01-09]
Tilray Launches Cannabis-Infused Premium Belgian Chocolates With Chowie Wowie Edibles Brand
Tilray Brands, Inc. added two new exciting flavors to its Chowie Wowie edible chocolate line, enhancing its already robust portfolio of cannabis edibles. With the introduction of Soft Caramel and Crunchy Praline variants, the brand continues to innovate within the confectionery-inspired cannabis space. With the enriched flavor profiles and consistent performance of their Balanced Milk Chocolate and THC Milk Chocolate, Chowie Wowie is expanding its reach across key Canadian markets such as Ontario, British Columbia, Alberta, and Saskatchewan. [Published On: 2023-12-21]
Curaleaf Expands Brand Portfolio with Launch of JAMS Cannabis-Infused Edibles
Curaleaf Holdings, Inc. introduced a new delectable edibles brand, JAMS, to its portfolio, designed to satisfy burgeoning consumer demand, particularly for those new to cannabis edibles or seeking a foray into their delights. JAMS offers a spectrum of appealing flavors and potent formulas, featuring treats from microdoseable Tarts to luxuriant Chocos, all employing nano and liposomal technology to ensure uniformity and effectiveness. The array includes Jellies, Fast-Acting Jellies, and Chocos, each crafted for a memorable gustatory experience and swift onset of effects. [Published On: 2023-03-27]
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.
The report delves into recent significant developments in the Cannabis-infused Edibles Market, highlighting leading vendors and their innovative profiles. These include Ananda Food by Ecofibre Limited, Atlas Growers Ltd., Auntie Dolores, Aurora Cannabis Inc., Baked Bros, Balanced Health Botanicals by Village Farms International, Bhang Inc., Cannabinoid Creations, Cannabis Energy Drink, 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 Confections, 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.
This research report categorizes the Cannabis-infused Edibles Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Product
- Baked Products
- Chocolates & Bars
- Drinks
- Gum & Sprays
- Sugar Candies
- Raw Material
- Hemp CBD Oil
- Marijuana CBD Oil
- Source
- Inorganic
- Organic
- Distribution Channel
- Offline Mode
- Online Mode
- 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
- Americas
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- 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.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Cannabis-infused Edibles Market, by Product
- Cannabis-infused Edibles Market, by Raw Material
- Cannabis-infused Edibles Market, by Source
- Cannabis-infused Edibles Market, by Distribution Channel
- Americas Cannabis-infused Edibles Market
- Asia-Pacific Cannabis-infused Edibles Market
- Europe, Middle East & Africa Cannabis-infused Edibles Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 24]
- List of Tables [Total: 374]
- List of Companies Mentioned [Total: 44]
One of the main reasons for the rise in demand for cannabis-infused edibles is that they offer a discreet, convenient, and tasty way of consuming cannabis. Cannabis-infused edibles offer a more enjoyable experience than traditional methods such as smoking, which can be harsh on the lungs. Moreover, edibles offer a long-lasting effect compared to smoking, making them ideal for people who want to use cannabis for medical purposes.
Another reason for the growing popularity of cannabis-infused edibles is that cannabis is now legal in several states, which has resulted in more people trying cannabis-infused edibles for the first time. With the legalization of cannabis, there has been a subsequent growth in the edibles market. This growth is expected to continue as more states legalize marijuana.
The increasing number of cannabis-infused edible options is another reason why they are becoming more popular. Today, you can find an array of cannabis-infused edibles ranging from gummies to baked goods, chocolate bars, beverages, and more. The variety of options is appealing to individuals who have different preferences when it comes to consuming cannabis.
Furthermore, cannabis-infused edibles are viewed as a healthier alternative to smoking cannabis. Smoking cannabis can be harmful to the lungs, while edibles are consumed orally, making them a safer option. Additionally, cannabis-infused edibles used as prescribed by a medical practitioner can offer relief for patients suffering from various conditions, including chronic pain, anxiety, and depression.
Cannabis-infused edibles have become a popular way of consuming cannabis. The rising millennial population is a key driver of this trend, and it is expected to continue as more states legalize marijuana. Edibles offer discrete, convenient, and tasty options for users, making them ideal for medical users. With the growing number of options and the view that edibles are a safer alternative to smoking, it is no surprise that the popularity of cannabis-infused edibles will keep growing in the coming years.
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