Cannabis Edibles Market Size, Share, Trends, Growth 2032

Cannabis Edibles Market

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

Category: Food & Beverage Report Format : PDF Pages: 120 Report Code: ZMR-3801 Published Date: Jul-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 9.25 Billion USD 35.71 Billion 16.2% 2023

Cannabis Edibles Industry Perspective

The global cannabis edibles market size was worth around 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.

The study includes drivers and restraints of the cannabis edibles market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cannabis edibles market on a global level.

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Global Cannabis Edibles Market: Growth Factors

Cannabis edibles are food products that consist of cannabinoids and its derivatives. Various cannabis edibles contain a substantial proportion of cannabinoids that help in reducing fatigue and anxiety along with improving appetite. These products help in enhancing euphoria and relaxation and are consumed for both medicinal and recreational purposes.

These products are considered to be safe, effective, and possess healing and intoxicating effects of cannabis without the exposure to potential hazards of cannabis smoking. This, in turn, is likely to drive the cannabis edibles market globally over the years ahead.

Additionally, the growing use of cannabis edibles in baked items, beverages, candies, chocolates, gummies, and lozenges are predicted to further drive the cannabis edibles market globally in the future. With the increasing popularity of these products in the countries that are legalizing cannabis for medicinal application, the cannabis edibles market is slated to experience a momentous growth in the upcoming decade.

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However, many cannabis extracts used in cannabis edibles preparation are bound to face regulatory challenges and judicial scrutiny in the future, which may hinder the global cannabis edibles market growth in the years ahead. Nevertheless, the increased use of cannabis edibles for effectively treating cancer, epilepsy, anorexia, chronic pain, multiple sclerosis, arthritis, nausea, and Alzheimer’s is projected to nullify the impacts of various market hindrances.

In order to give the users of this report a comprehensive view of the cannabis edibles market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new service type launch, agreements, partnerships, collaborations & joint ventures, research & development, service type, and regional expansion of major participants involved in the market.

Global Cannabis Edibles Market: Segmentation

The study provides a decisive view of the cannabis edibles market by segmenting it based on the type, preparation, application, and region.

By type, the global cannabis edibles market includes solid edibles, topical edibles, inhalation, and liquid edibles.

By preparation, the global cannabis edibles market is bifurcated into cannabidiol and tetrahydrocannabinol.

By application, the cannabis edibles market is segmented into cancer, epilepsy, arthritis, multiple sclerosis, Alzheimer’s, and others (anorexia, nausea, etc.).

Cannabis Edibles Market: Report Scope

Report Attributes Report Details
Report Name Cannabis Edibles Market
Market Size in 2023 USD 9.25 Billion
Market Forecast in 2032 USD 35.71 Billion
Growth Rate CAGR of 16.2%
Number of Pages 120
Key Companies Covered 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, and Kiva Confections
Segments Covered By type, By preparation, By application and By region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Cannabis Edibles Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Cannabis edibles are food and drink items that have been infused with cannabinoids, specifically CBD (cannabidiol) and/or THC (tetrahydrocannabinol), which are extracted from the cannabis plant. In areas where cannabis usage is permitted, these oral medications are well-liked by cannabis users for both medical and recreational purposes.

The legalization of cannabis for both recreational and therapeutic purposes in more areas opens up new markets and regulatory frameworks for the manufacturing, distribution, and sale of cannabis edibles.

Customers' acceptance and desire for covert, practical, and non-smoking cannabis consumption options is growing, especially for individuals who don't want to vape or smoke.

The global cannabis edibles market size was worth around USD 9.25 billion in 2023 and is predicted to grow to around USD 35.71 billion by 2032.

The global cannabis edibles market a compound annual growth rate (CAGR) of roughly 16.2% between 2024 and 2032.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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, and Kiva Confections.

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