Cannabis Edibles Market Is Expected To Reach $35.71 Billion By 2032

11-Jul-2024 | Zion Market Research

Zion Market Research has published a new report titled “Cannabis Edibles Market by Type (Solid Edibles, Topical Edibles, Inhalation, and Liquid Edibles), by Preparation (Cannabidiol and Tetrahydrocannabinol), and by Application (Cancer, Epilepsy, Arthritis, Multiple Sclerosis, Alzheimer’s, and Others), By Application (Recreational And Medical), And By Region: Global Industry Perspective, Size, Trends, Comprehensive Analysis And Forecast, 2024–2032”. According to the report, the global cannabis edibles market was valued at approximately USD 9.25 billion in 2023 and is predicted to grow to around USD 35.71 billion by 2032 with a compound annual growth rate (CAGR) of roughly 16.2% between 2024 and 2032.

Cannabis-infused foods also known as cannabis edibles comprise cannabinoid compounds, such as tetrahydrocannabinol (THC) and cannabidiol (CBD). The growing acceptance of cannabis is the key factor likely to drive the cannabis edibles market globally in the future. The opinion about cannabis is changing and its adoption is increasing globally, which is projected as a lucrative business opportunity for this market in the upcoming years. The legalization of cannabis in Canada is attracting an extensive range of market players. Moreover, the high popularity of cannabis for medical purpose is also anticipated to drive the cannabis edibles market globally over the estimated timeframe.

For medical use, cannabis products are extensively accepted in Canada, the U.S., Spain, Israel, Chile, Australia, and Germany. The growing use of cannabis for Alzheimer’s and arthritic diseases is further expected to propel the global cannabis edibles market in the upcoming years. Therefore, increased social recognition related to cannabis across various regions is likely to offer significant opportunities in the cannabis edible products market in the future.

Browse the full “Cannabis Edibles Market by Type (Solid Edibles, Topical Edibles, Inhalation, and Liquid Edibles), by Preparation (Cannabidiol and Tetrahydrocannabinol), and by Application (Cancer, Epilepsy, Arthritis, Multiple Sclerosis, Alzheimer’s, and Others), By Application (Recreational And Medical), And By Region: Global Industry Perspective, Size, Trends, Comprehensive Analysis And Forecast, 2024–2032?” Report at https://www.zionmarketresearch.com/report/cannabis-edibles-market

Global Cannabis Edibles Market

The global cannabis edibles market is segmented based on type, preparation, and application. By type, the global cannabis edibles market includes solid edibles, topical edibles, inhalation, and liquid edibles. Solid edibles are further segmented into baked foods, capsules, and others (gummies and mints). Solid edibles are estimated to hold a major share of the global cannabis edibles market in the future. Consumption of cannabis edibles includes the ability to benefit from the properties of cannabis without smoking the flower or vaporizing distillates.

The high adoption of cannabis edible brownies is contributing to the high share of this segment in the global market. Moreover, gummies and mints are easy to carry and chewing them provides adequate consumption of cannabis, which, in turn, is anticipated to further increase the demand for solid cannabis edibles market globally in the future.

By preparation, the global cannabis edibles market is bifurcated into cannabidiol and tetrahydrocannabinol. The synthetic analogs of CBD and THC, such as dronabinol, nabiximols, and nabilone, are available in the market under different brand names, which are majorly used as cannabis ingredients for preparing edible cannabis.

By application, the cannabis edibles market is segmented into cancer, epilepsy, arthritis, multiple sclerosis, Alzheimer’s, and others (anorexia, nausea, etc.). Cancer held the major share of the global cannabis edibles market in 2018 and is expected to grow significantly over the forecast period as well. This can be attributed to the growing use of cannabis products for cancer patients to manage chronic pain and nausea.

By region, North America held the major share of the global cannabis edibles market in 2018 and is estimated to dominate over the forecast time period as well. This regional growth can be attributed to the huge consumer spending on cannabis products. In addition, the legalization of cannabis in Canada for recreational use is expected to create new growth opportunities for the North American cannabis edible market in the upcoming years.

Cannabis Edibles Market: Competitive Analysis

The global cannabis edibles market is dominated by players like:

  • Koios Beverage Corporation
  • The Supreme Cannabis Company
  • General Cannabis Corporation
  • Organigram Holding Inc
  • Cannabis Sativa, Inc
  • Heineken
  • Coalition Brewing
  • Corona
  • Syqe Medical
  • Bend Company
  • Bhang Corporation
  • Cannabis Energy Drink
  • Mentor Capital
  • VCC BRANDS
  • Kiva Confections

This report segments the global cannabis edibles market into:

Global Cannabis Edibles Market: Type Analysis

  • Solid Edibles
    • Baked Foods
    • Capsules
    • Others (Gummies and Mints)
  • Topical Edibles
  • Inhalation
  • Liquid Edibles

Global Cannabis Edibles Market: Preparation Analysis

  • Cannabidiol
  • Tetrahydrocannabinol

Global Cannabis Edibles Market: Application Analysis

  • Cancer
  • Epilepsy
  • Arthritis
  • Multiple Sclerosis
  • Alzheimer’s
  • Others (Anorexia, Nausea, etc.)

Global Cannabis edibles Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

twitter

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed