CBD Gummies Market Poised for Explosive Growth in the United States

Global CBD Gummies Market Set to Soar with a CAGR of 29.2%, Reaching USD 20.73 Billion by 2030

The global CBD gummies market is experiencing unprecedented growth, driven by rising consumer awareness of CBD's health benefits and the increasing adoption of natural and organic products. Valued at USD 3.45 billion in 2023, the market is projected to expand at a compound annual growth rate (CAGR) of 29.2%, reaching nearly USD 20.73 billion by 2030.

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Competitive Landscape

Leading industry players are actively innovating and expanding their product portfolios to meet growing consumer demand. Notable companies include:

• Charlotte’s Web
• Diamond CBD
• Green Roads
• Medix CBD
• PureKana
• CBD American Shaman
• Premium Jane
• Hemp Bombs
• Verma Farms

These companies are focusing on product innovation, strategic partnerships, and collaborations to strengthen their market positions.

Regional Insights

CBD Gummies Growth in the United States

The United States leads the CBD gummies market, attributed to the increasing legalization of cannabis and its derivatives, along with a growing trend of self-medication. The ease of consumption and discreetness of CBD gummies make them a preferred choice among consumers.

CBD Gummies Opportunities in Europe

Europe is anticipated to account for 21.5% of the market by the end of 2025, showcasing the fastest growth driven by rising cannabis investments and progressive reforms in medical cannabis policies across countries such as Germany and the U.K.

CBD Gummies Trends in Asia Pacific

The Asia Pacific region is witnessing a surge in demand for CBD gummies, driven by increasing consumer awareness and the legalization of CBD products in countries like Australia and South Korea. The expansion of retail distribution networks has enhanced the accessibility of CBD edibles in the region.

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CBD Gummies Consolidation in the Middle East and Africa

The Middle East and Africa are emerging markets for CBD gummies, with increasing investments and collaborations driving market growth. The evolving regulatory landscape and growing consumer interest in natural health products present significant opportunities for market expansion.

Region-Specific Mergers, Acquisitions, and Key Developments

United States: CBD Gummies Market Consolidation

In 2020, Curaleaf, a leading U.S. cannabis company, acquired its Chicago-based competitor Grassroots Cannabis, becoming the world's largest cannabis company by revenue. This strategic move expanded Curaleaf's presence into 23 U.S. states, enhancing its product offerings, including CBD gummies.

Europe: CBD Gummies Market Updation

In April 2021, Curaleaf completed its acquisition of EMMAC Life Sciences Limited, the largest vertically integrated independent cannabis company in Europe. This acquisition provided Curaleaf with cultivation, EU GMP-certified processing, distribution, and R&D operations in key European markets, including the United Kingdom, Germany, Italy, Spain, and Portugal, thereby enhancing its CBD gummies portfolio.

Asia Pacific: CBD Gummies Market Expansion

The Asia Pacific region is witnessing significant developments, with companies like Tilray entering into agreements to acquire cultivation facilities, thereby expanding their production capabilities to meet the growing demand for CBD products, including gummies.

Middle East and Africa: CBD Gummies Market Development

In the Middle East and Africa, companies are exploring partnerships and joint ventures to establish a foothold in the emerging CBD market. The evolving regulatory landscape and growing consumer interest in natural health products present significant opportunities for market expansion.

CBD Gummies Market segmentation : 

by Concentration

Low
High

The market for CBD gummies can be examined using a number of criteria, including product type, distribution method, and geographic location. THC-free and THC-infused CBD candies are two different product types; the former is more well-liked by customers who wish to take advantage of CBD's health benefits without experiencing the euphoric effects of THC. Distribution channels, such as online and offline, can be used to divide the market. Retail establishments and pharmacies are examples of offline channels, whereas social media and e-commerce platforms are examples of online channels.

by Distribution

Supermarket & Hypermarket
Head shops
Smoke shops
Local health stores
Others
Online Retail

Since several nations have legalized cannabis, North America is projected to dominate the market for CBD gummies, but Europe is anticipated to see substantial growth as a result of growing awareness of the health advantages of CBD and the legalization of cannabis for medical purposes. Due in major part to the increasing acceptability of cannabis and CBD products in nations like South Korea and Japan, the Asia-Pacific market is expected to grow significantly. Businesses can identify their target consumers and create efficient marketing plans to satisfy their needs by using market segmentation. The thorough study offers insightful information about the market for CBD gummies, including the most recent trends and factors driving its expansion.

by Packaging

Pouches
Bottle
Jar
Tin
Others

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 Learn about the top players driving innovation in the CBD Gummies Market :

1. CV Sciences Inc. (US)
2. Charlotte's Web Holdings Inc. (US)
3. Medix CBD (US)
4. Green Roads (US)
5. Hemp Bombs (US)
6. Verma Farms (US)
7. Hempzilla CBD (US)
8. Pure Kana (UK)
9. ZenBears CBD(UK)
10. Endoca (Denmark)
11. Cibdol (Switzerland)
12. Eir Health (Ireland)
13. Nordic Oil (Germany)
14. Just CBD (Australia)
15. Hemp Foods Australia (Australia)
16. Potli (India)
17. Hempura (UK)
18. Cannaray (UK)
19. Hello Hemp (UK)
20. Tauriga Sciences Inc. (Puerto Rico)
21. Earth Science Tech Inc. (Puerto Rico)
22. HempMeds (Brazil)
23. CBD Life SA (Uruguay)
24. Medical Marijuana Inc. (Mexico)
25. Hemporium (South Africa)
26. Africanpure (South Africa)
27. Royal CBD (Israel)

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