Cannabis infused Edibles Market Growing at a CAGR of 17.1% During the Forecast Period 2021 to 2026.
Cannabis-infused edible products include food and beverages that contain cannabinoid drugs extracted from the Cannabis Sativa plant. These drugs can be primarily classified into tetrahydrocannabinol (THC) and cannabidiol (CBD). THC is a psychoactive ingredient that is precisely used for medical purposes, whereas CBD is a non-psychoactive component used in both non-medical and medical applications. Cannabis-infused edible products are considered to be a healthier alternative to smoking cannabis as they reduce the exposure to carbon, tar, and carcinogens. These products are widely adopted for treating insomnia, inflammation, chronic pain, depression, anxiety, hyperemesis, etc. Cannabis-infused edible products mainly include chocolates, brownies, cookies, tea, snacks, spreads, pills, gummies, etc.
The micro-dosing of cannabis in terms of edibles and beverages is likely to set some significant new heights over the coming years. With the big names in the portfolio such as Constellation brands, MPX, Gfarmalabs, and Sprig have started their work on cannabis-infused drinks, following them, HEMP20 and THC Pharma are also moving slowly into the domain.
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The Cannabis Infused Edibles market can be split based on product types, major applications, and important countries as follows:
Key players in the global Cannabis infused Edibles Market Covered:
LOL Edibles
Heineken
Kaya Holdings, Inc.
NightFood Holdings, Inc.
Canopy Growth Corp
KIVA CONFECTIONS
Mentor Capital, Inc.
HempFoods
Dixie
VCC BRANDS
Organigram Holdings Inc.
Cannabis Energy Drink
Bhang Corporation
Baked Bros
Lord Jones
KANEH CO
Plus Products
Medically Correct, LLC.
Koios Beverage Corp.
On the Basis of Types:
Food
Beverage
Others
On the Basis of Applications:
Pharmacy
Supermarkets and Hypermarkets
Online shopping mall
Others
The rising aversion towards smoking cannabis coupled with the growing health concerns regarding the high prevalence of respiratory ailments is primarily driving the demand for cannabis-infused edible products. Furthermore, the increasing legalization of recreational cannabis across countries, such as the United States, Canada, Argentina, Netherlands, Spain, etc., is also propelling the market growth.
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The rising consumer awareness towards several health benefits of cannabis-infused edible products in treating poor appetite and weight loss in cancer patients, minimizing pain and muscle spasms, and relieving nausea, is further augmenting the market. Moreover, the wide availability of cannabis-infused edibles through legal marijuana dispensaries has bolstered the sales of cannabis cola, fruit punch, coffee, and other beverages. Apart from this, the increasing utilization of hemp and cannabidiol in pet food products for treating epilepsy, osteoporosis, anxiety, joint pain, etc., is also positively influencing the global market.
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