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Redding, California - October 11, 2024

CBD-infused Products Market to Reach $291.39 Billion by 2031

CBD-infused Products Market Size, Share, Forecast, & Trends Analysis by Source (Hemp), Type (Edibles {Confectionery}, Oil & Extracts, Personal Care {Skincare}, Smoke & Vape Products, Supplements), Distribution Channel (Online) — Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘CBD-infused Products Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication, the CBD-infused products market is expected to reach $291.39 billion by 2031, at a CAGR of 30.6% from 2024 to 2031.

The growth of the CBD-infused products market is fueled by the increasing demand and legalization of cannabis, a rising interest in cannabis-infused edibles, and the medicinal and therapeutic health benefits associated with cannabis-infused products. However, this growth is constrained by the elevated cost of cannabidiol (CBD) and stringent government regulations concerning cannabis in certain countries. Moreover, the surge in demand for cannabis in pet food and the rising popularity of cannabis-infused beverages are expected to create significant growth opportunities for market stakeholders.

Key Players:

The CBD-infused products market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the CBD-infused products market are Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), Maricann Inc. (Canada), Tilray Brands, Inc. (Canada), GW Pharmaceuticals plc (U.K.), MediPharm Labs Corp. (Canada), Cresco Labs, Inc. (U.S.), Tauriga Sciences, Inc. (U.S.), MariMed Inc. (U.S.), CV Sciences, Inc. (U.S.), Kona Gold Beverage, Inc. (U.S.), Bhang Inc. (U.S.), DT Brands & Co (N.I.) Ltd. (U.S.), Irwin Naturals Inc. (U.S.), Hempstrol Pharma (India), Kapu Maku LLC. (U.S.), Medterra CBD, LLC. (U.S.), Endoca LLC (U.S.), and Elixinol Global Limited (Australia).

The CBD-infused products market is segmented based on source, type, and distribution channel. The report also evaluates industry competitors and analyzes the CBD-infused products market at the regional and country levels.

Among the sources studied in this report, the hemp segment is anticipated to hold the dominant position, with a share of 76.3% of the market in 2024. The increasing demand for hemp-sourced CBD-infused products, characterized by lower THC concentrations that eliminate psychoactive effects, enhances the suitability of hemp-derived products for various medical applications. Furthermore, the anti-inflammatory, anti-aging, and antioxidant properties of CBD from hemp reinforce the segment’s dominant position in the CBD-infused products market.

Among the types studied in this report, the edibles segment is anticipated to hold the dominant position, with a share of 33.6% of the market in 2024. The growing popularity of cannabis for recreational use, coupled with the rising demand for cannabis-infused foods containing THC and CBD, significantly contributes to the segment’s substantial market share. Additional factors include the expanding adoption of CBD across various verticals, such as confectionery and bakery products, as well as consumers seeking alternatives to smoking cannabis.

Among the distribution channels studied in this report, the offline segment is anticipated to hold the dominant position, with a large share of the CBD-infused products market in 2024. The preference for in-person shopping experiences, the perception of obtaining authentic and high-quality products, and the enhanced shopping experience offered by these channels all contribute to the segment’s dominant position in the CBD-infused products market.

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Spain, Italy, and Rest of Europe), Asia-Pacific (Australia, New Zealand, China, India, Japan, South Korea, and Rest of Asia-Pacific), Latin America (Mexico, Brazil, Argentina, Uruguay, and Rest of Latin America), and the Middle East & Africa (GCC, Israel, South Africa, and the rest of Middle East & Africa).

Among the geographies studied in this report, North America is anticipated to hold the dominant position, with a share of 59.5% of the market in 2024. The CBD-infused products market in North America is estimated to be valued at $26.76 billion in 2024. The large share of this regional market is attributed to factors such as accessibility, technological advancements in the production and processing of CBD-infused products, a large consumer base, and a growing shift toward CBD consumption for both medical and recreational purposes. Furthermore, increasing awareness among consumers regarding the various medical benefits of CBD and rising consumer spending on CBD-infused products further solidify North America’s dominant position in the CBD-infused products market.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5184

Key Questions Answered in the Report-

What is the value of revenue generated by the sale of CBD-infused products?
At what rate is the global demand for CBD-infused products projected to grow for the next five to seven years?
What is the historical market size and growth rate for the CBD-infused products market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which source, type, and distribution channel segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the CBD-infused products market?
Who are the major players in the CBD-infused products market? What are their specific product offerings in this market?
What recent developments have taken place in the CBD-infused products market? What impact have these strategic developments created on the market?

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Redding, California - October 11, 2024

CBD-infused Products Market to Reach $291.39 Billion by 2031

CBD-infused Products Market Size, Share, Forecast, & Trends Analysis by Source (Hemp), Type (Edibles {Confectionery}, Oil & Extracts, Personal Care {Skincare}, Smoke & Vape Products, Supplements), Distribution Channel (Online) — Global Forecast to 2031

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