Global Cannabis Edibles Market Overview:
A cannabis edible, also known as a cannabis-infused food or simply an edible, is a food product that contains cannabis extract as an active ingredient. Cannabis edibles are gaining much popularity among cannabis enthusiasts due to their legalization and are a convenient and discreet options with the same effect. However, most of the cannabis edibles contain THC, it is widely used for recreational and medical purposes including relaxation, euphoria, increased appetite, anxiety, etc.
- Increasing Awareness about Health Benefits of Cannabis Edibles Thereby Growing Consumption of Edibles Across the Globe
- High Cost and Government’s Stringent regulations or Ban in Some Countries Can Hamper the Market Growth
- Rise in Adoption of Cannabis Edibles by Healthcare Sector
- Increasing Health Risks Due to Overconsumption of Cannabis Edibles
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Everest Cannabis (United States), Diamond Cannabis (United States), Bearly Legal Hemp (United States), Moonwlkr (United States), Plus Products Inc. (United States), Newt Brothers (United States), Sprig (United States), Dixie Brands Inc. (United States), Organigram Inc. (Canada) and Tilray, Inc. (Canada). Analyst at AMA Research see United States Vendors to retain maximum share of Global Cannabis Edibles market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Cannabis Edibles market. Considering Market by Flavor, the sub-segment i.e. Fruity will boost the Cannabis Edibles market.
Latest Market Insights:
In August 2021, Tilray, Inc. launched medical cannabis edibles in THC and CBD-rich varieties of chocolates and soft chew gummies. Tilray’s new medical cannabis edibles include two formulations of cannabis-infused chocolate bars, THC Milk Chocolate containing 10mg of THC and <1mg of CBD per package and CBD Dark Chocolate containing 1mg of THC and 20mg of CBD per package, as well as two formulations of medical cannabis soft chews available in Watermelon and Pineapple-Mango.
In April 2021, Organigram Inc., a leading manufacturer of cannabis announced the acquisition of The Edibles & Infusions Corporation to expand its continuum of product offerings and operational footprints. The acquisition will provide strong strategic synergies for Organigram’s vision of developing innovative and novel products to serve the Canadian market and beyond.
What Can be Explored with the Cannabis Edibles Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cannabis Edibles Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cannabis Edibles
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cannabis Edibles market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cannabis Edibles market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Cannabis Edibles Manufacturers, Suppliers and Distributors of Cannabis Edibles, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Cannabis Edibles Market?
The Cannabis Edibles market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Cannabis Edibles Market?
Top performing companies in the Global Cannabis Edibles market are Everest Cannabis (United States), Diamond Cannabis (United States), Bearly Legal Hemp (United States), Moonwlkr (United States), Plus Products Inc. (United States), Newt Brothers (United States), Sprig (United States), Dixie Brands Inc. (United States), Organigram Inc. (Canada) and Tilray, Inc. (Canada), to name a few.
3. What trending factors would impact Cannabis Edibles Market growth most?
"Growth of New Cannabis Strains and Increasing Legalization of Cannabis Edibles in Various Countries" is seen as one of major influencing trends for Cannabis Edibles Market during projected period 2020-2026.