Cannabis Infused Edible Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Cannabis Infused Edible Products Market is segmented by Food as Chocolates, Gummies, Mints & Tarts, Brownies & Cookies and Others, by Beverages as Energy drinks, Fruit Juices, Herbal Tea and Others. By distribution channel, the market studied is segmented into supermarkets/hypermarkets, convenience stores, specialist stores, online stores, and other distribution channels and by Geography

Market Snapshot

Picture1
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Europe
Largest Market: North America
CAGR: 5.43 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Cannabis-Infused Edible Products market is anticipated to grow at a CAGR of 5.43% over the forecast period.

  • The aversion to smoking is one of the main factors that has led to the significant growth of cannabis-infused edibles over the past years. The fact that edibles are inconspicuous and allow consumers to devour unknowingly, has shifted consumer preferences from smoking towards edibles. This growing popularity has led edibles to penetrate most of the US retails, where the state must have some specific cannabis or marijuana regulated laws.
  • The cannabis edibles segment in Europe is considered to be the fastest-growing category in the cannabis industry with the likes of sub-categories such as gummies and infused drinks have witnessed a significant growth trajectory in recent years. Moreover, most of the cannabis edible addresses the demand of modern consumers, where the products need to be discreet, easy to use, safe and of accurate dosages.

Scope of the Report

On the basis of product type, the Global Cannabis-Infused Edible Products Market is segmented by Food as Chocolates, Gummies, Mints & Tarts, Brownies & Cookies, and Others, by Beverages as Energy drinks, Fruit Juices, Herbal Tea and Others. Furthermore, by distribution channel, the market studied is segmented into supermarkets/hypermarkets, convenience stores, specialist stores, and other distribution channels. The market is also segmented by geography to include the key trends in major markets across the different regions.

By Product Type
Food
Chocolates
Gummies
Mints & Tarts
Brownies & Cookies
Others
Beverages
Energy Drinks
Fruit Juices
Herbal Tea
Others
By Distribution Channel
Supermarkets/Hypermarkets
Convenience stores
Specialist stores
Online stores
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Rest of Europe
Asia Pacific
Japan
Australia
Rest of Asia-Pacific
Rest of the World
Africa
South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

More patents and collaborations with micro-dosing

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.

New launches are expected from the cannabis industry over the coming years where at present novel brands such as Province brands, a Canadian Research & Development company, are set to release the world’s first alcohol- free beer brewed from cannabis. Firms such as HEMP20 have patented a technology on DehydraTECH, that enables the increase in the internal absorption rate.

The collaboration across the industry is massive where brands such as Constellation and Canopy growth are developing the market for cannabis-based beverages. On the other hand, AB InBev and Tilray have ventured into a USD 100 million venture to research cannabis-infused non-alcoholic drinks exceptionally for the Canadian Market.

Picture4

North America leads the cannabis infused edibles market

Adding on to the continued sales of cannabis-related products in the U.S., the retail sales of cannabis-infused edibles have witnessed significant growth in 2019 as compared to the previous year's performance. The edible segment comprises of 9% and 13% of the U.S. adult-use cannabis sales, while the beverages segment contributes up to an additional sales of 1%-2%. 

Furthermore, packaging has also played a major role in determining sales, where on average, the packages of edibles were of around 100 mg per serving with an add on price. On the other hand, Canada is also focusing on expanding its retail sales of edibles with single servings, that constitutes around 10mg of edibles. However, in Canada, the supply of edibles will be limited, to begin with, but will increase in the future as regulators sense the positive aspect of its usage and safety.

 

pic 8

Competitive Landscape

The global cannabis-infused edibles market is a fragmented market with the presence of various regional and global players. The major players present in the market are Botanic Labs, Dixie Brands, Bhang Chocolate Company Hugs Wellness, Sprig, among others.
Product innovation is found to be the major tool used by the players to expand their offering, and thus, gain a competitive advantage over other players. Private label brands hold a prominent share in the market with diversified product offerings.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Food

        1. 5.1.1.1 Chocolates

        2. 5.1.1.2 Gummies

        3. 5.1.1.3 Mints & Tarts

        4. 5.1.1.4 Brownies & Cookies

        5. 5.1.1.5 Others

      2. 5.1.2 Beverages

        1. 5.1.2.1 Energy Drinks

        2. 5.1.2.2 Fruit Juices

        3. 5.1.2.3 Herbal Tea

        4. 5.1.2.4 Others

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Convenience stores

      3. 5.2.3 Specialist stores

      4. 5.2.4 Online stores

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 Japan

        2. 5.3.3.2 Australia

        3. 5.3.3.3 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 Africa

        2. 5.3.4.2 South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Charlotte's Web

      2. 6.4.2 Cannabinoid Creations

      3. 6.4.3 Dixie Elixirs

      4. 6.4.4 Sprig

      5. 6.4.5 Botanic Labs

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Cannabis Infused Edible Products Market market is studied from 2016 - 2026.

The Cannabis Infused Edible Products Market is growing at a CAGR of 5.43% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Charlotte's Web, Dixie Brands, Sprig, Hugs Wellness, Bhang Corporation are the major companies operating in Cannabis Infused Edible Products Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!