CBD-Infused Confectionery Market Research Future Insights:
According to MRFR analysis, the global CBD-Infused Confectionery market is expected to register a CAGR of 12.25% from 2021 to 2028 and hold a value of over USD 10.42 billion by 2028.
CBD-infused confectionery refers to sweets and candies that have been infused with cannabidiol (CBD), a chemical compound found in the Cannabis plant. The pandemic has had a significant impact on many industries and supply chains, which could potentially affect the availability and cost of CBD-infused confectionery and other products. In general, the demand for CBD-infused products may fluctuate due to changes in consumer behavior and economic conditions. The pandemic may have disrupted the supply chains for these products, leading to shortages or delays in production.
Regional Analysis
North America had the biggest share of the CBD-infused confectionery market and is predicted to stay in the lead during the forecast period. People in North America are curious about trying CBD products because of positive clinical research to treat various diseases and their potential health benefits. Asia-Pacific is expected to be a profitable region for CBD-infused confectionery manufacturers. China, Australia, and New Zealand are the main cultivators of hemp, which is contributing to the CBD-infused confectionery market in Asia-Pacific.
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Market Segmentation
The Global CBD-Infused Confectionery market has been segmented into product type, category, and distribution channel.
Based on the product type, the market has been segmented into Hard Candies, Soft Confectioneries.
Based on the category, the market has been segmented into Sugar-Based, Sugar-Free.
Based on the distribution channel, the market has been segmented into Store-Based, Non-Store-Based.
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Key Players
Some of the key market players are Cannabinoid Creations, Aurora Cannabis, Med CBDX, Dixie, Joy Organics, Folium Biosciences, CBD American Shaman, CBDfx, Diamond CBD, and Medix Wellness LTD.
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