Top Companies in CBD Gummies Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research Market
CBD Gummies Market is projected to reach a USD 6.8 billion value by 2028 at a CAGR of 30.2% over the forecast period.
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Market Overview
The Global CBD Gummies Market is valued at USD 1.4 Billion in 2021 and is projected to reach a value of USD 6.8 Billion by 2028 at a CAGR of 30.2% over the forecast period. CBD oil has anti-inflammatory, neuroprotective, anti-anxiety, and analgesic benefits and is added to CBD Gummies. They create serenity, relieve stress, and lessen pain associated with sports-related injuries. After consuming CBD Gummies for 30 to 60 minutes, people start to feel the effects. Gummies containing CBD are a popular type of CBD product. They come in a wide range of flavors. To meet new consumer preferences, the producers are also introducing CBD Gummies that are sugar-free, organic, vegan, GMO-free, and gluten-free. Throughout the forecast period, this factor is anticipated to create sizeable growth potential in the CBD Gummies Market.
Growing consumer knowledge of the many advantages of CBD Gummies for treating inflammation, alleviating pain, enhancing sleep quality, and managing stress are driving market expansion. Additionally, the emergence of CBD edibles that are often made from non-GMO hemp plants and are gluten-free, vegan, sugar-free, and organic helps the market expand.
The majority of CBD products are not FDA-approved because the strengths and purity of CBD products may vary between brands and even within a single brand, which may result in less-than-ideal results. Furthermore, the availability of alternatives like protein supplements, salad dressings, and CBD-infused dark chocolates presents a considerable barrier to effective adoption, reducing growth possibilities.
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Amidst Exponential Growth in CBD Gummies Adoption, What Trends Should We Look Forward to?
- The growing legalization of cannabis for medical and recreational purposes, particularly across borders, is a major trend affecting the CBD Gummies market. Consequently, the need for CBD Gummies is rising.
- The demand for CBD-infused edibles, including CBD Gummies, has changed due to the increased incidence of many respiratory conditions brought on by cannabis smoking, fueling the market for these products.
- Social media significantly impacts how individuals live their lives. Social media is used extensively by important people and celebrities to advertise things. Therefore, it is anticipated that the market for CBD Gummies will grow due to celebrities' increased endorsement of CBD products, particularly CBD Gummies, and their significant influence on public opinion.
- Due to the rising incidence of various neurological and mental ailments, CBD Gummies are becoming increasingly popular due to their non-psychotropic properties, which lower the danger of drug-induced sensations in users.
The CBD Gummies market is dominated by globally established players such as CV Sciences Inc. (US), Dixie Brands (US), Reliva CBD (US), Sunday Scaries (US), Green Roads (US), Medix CBD (US), Hemp Bombs (US), PureKana (US), Diamond CBD (US), and Premium Jane (US). These companies have developed new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth CBD Gummies market.
Let's Look at the Top 5 Companies That are Taking the CBD Gummies Market by Storm
The CBD Gummies market is expected to grow from USD 1.4 billion in 2021 to USD 6.8 billion in 2028 because sedentary lifestyles are more common and insomnia problems are increasing. So, the main factor driving CBD Gummies' huge demand in the market is their significant medicinal benefits.
- CV Sciences Inc.(US)
Since 2012, CV Sciences has been a leader in the CBD market, making great efforts to produce products made from hemp CBD oil that is of the highest quality, secure, and efficient. Each of the PlusCBD Gummies, a product from CV Sciences, contains 10mg of CBD. They are produced using agricultural hemp extracts with high CBD content.
- Dixie Brands(US)
Since 2009, Dixie Brands, Inc. (Dixie), based in Denver, Colorado, and its affiliates across the nation, have created and produced products with THC and CBD additives that have won numerous awards. Customers can purchase goods from Dixie Brands that have been triple-lab tested and include only pure extracted CBD Gummies.
- Reliva CBD(US)
Reliva CBD uses CBD from American farms with no THC, and all of their products are quality-checked by a separate lab. The natural ingredients you want are used to make CBD Gummies; no high-fructose corn syrup, artificial flavors, or colors are used.
- Sunday Scaries(US)
Sunday Scaries are the best-selling CBD gummy bears designed to reduce stress, eliminate moral hangovers, and prevent mental breakdowns. Furthermore, Sunday Scaries Vegan CBD Gummies are used to ease stress regularly.
- Medix CBD(US)
Medix CBD offers four distinct flavors of cannabidiol gummy sweets, including gummy bears, rainbow bites, sour bears, and sour gummy worms, all manufactured from the highest-grade hemp. CBD Gummies and edibles are tastier alternatives to traditional CBD methods, such as vaporizing or tinctures, while providing the same long-lasting effects.
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