CBD Gummies Market Size
Summary:
- The global CBD gummies market size reached US$ 3.4 Billion in 2023.
- The market is expected to reach US$ 27.4 Billion by 2032, exhibiting a growth rate (CAGR) of 26.19% during 2024-2032.
- Low concentration leads the market, accounting for the majority of the market share owing to its affordability and suitability for beginners.
- On the basis of the packaging, the market has been categorized into pouches, bottles, jars, and cans.
- Based on the distribution channel, the market has been divided into supermarkets and hypermarkets, head shops, smoke shops, local health stores, online, and others.
- North America leads the market with its well-established retail infrastructure and high consumer demand.
- The growth of the CBD gummies market size is significantly driven by the increasing integration of CBD into mainstream health and wellness regimens.
- The rising trend of personalized nutrition, where consumers opt for products tailored to specific health goals, has led to a surge in demand for CBD gummies with customized formulations and targeted benefits.
Industry Trends and Drivers:
- Increased awareness and acceptance of CBD products:
Growing awareness about the benefits of cannabidiol (CBD) has significantly contributed to the rise in CBD gummies' popularity. As research on CBD continues to expand, consumers are becoming more informed about its potential therapeutic properties, including its ability to manage anxiety, chronic pain, and insomnia. This increased understanding has led to a broader acceptance of CBD products in mainstream markets. The legal status of CBD has also played a crucial role; in regions where CBD derived from hemp is legal, consumers have greater
