Cannabis Infused Products Market Size Poised to Hit USD 108.14 Billion and Grow at a CAGR of 3.20% by 2030
Global Cannabis Infused Products Market report provides CAGR value fluctuation during the forecast period of 2023-2030 for the market. A market research conducted in this report aids in improving and modifying the products so that future products present more satisfaction to the valuable customers. Competitor analysis is a vital aspect of any market research report which focuses on strong and weak points of the competitors and also analyses their strategies with respect to product and market. Global Cannabis Infused Products Market research report draws attention to key market dynamics of the sector. It is a thorough investigation of current scenario of the global market, which covers several market dynamics.
Data Bridge Market Research analyses that the cannabis infused products market which was USD 29.68 billion in 2022, would rocket up to USD 150.51 billion by 2030, and is expected to undergo a CAGR of 22.5% during the forecast period 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Overview:
Cannabis infused products is another name for medicinal marijuana (MMJ). The use of cannabis as medicine has not received extensive research because of production and political restrictions. A family of flowering plants called cannabaceae includes the species cannabis. Three varieties of cannabis—cannabis sativa, cannabis indica, and cannabis ruderalis—can be distinguished.
Drivers
- Use in various disorders
Cannabis is increasingly recognized as an effective treatment for many conditions, including nausea and vomiting brought by chemotherapy, restlessness, muscle tightness, and chronic discomfort. The bulk of firms are moving forward quickly with their investigations into the therapeutic potential of hemp and cannabis.
- Cannabinol and Tetrahydrocannabinol-modified edibles
CBD and THC-infused edibles are becoming increasingly popular in all legal states. Furthermore, customers and investors are becoming more interested in infused beverages. The complex administrative process for cannabis acceptance can stymie industry growth. The therapeutic properties of cannabis and the ongoing legalization of cannabis capsules will serve as opportunities for market expansion.
- Increasing legalization of cannabis
The majority of cannabis users in American states and provinces that have legalized the drug are over 50. It is expected that this demographic will lead to a rise in cannabis demand in the nation due to a higher likelihood of chronic diseases. After the age of 50 and cannabis’ efficacy in treating these disorders, cannabis’s popularity and demand are expected to rise in the future, due to continuous research and product standardization for medicinal uses.
Cannabis Infused Products Market Scope
Product
- Skincare
- Cosmetics
- Haircare
- Intimate Lubricants
- Pharmaceuticals
- Gummies
- Pills
- Infused Beverages
- Other
Source
- Hemp
- Marijuana
Distribution Channel
- B2B
- B2C
End User
- Medical
- Personal Use
- Pharmaceuticals
- Wellness
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Some of the major players operating in the cannabis infused products market are:
- Joy Organics (U.S.)
- CBD istillery (U.S.)
- Gaia Botanicals (U.S.)
- Harmony (U.S.)
- Floyd’s of Leadville (U.S.)
- Lazarus Naturals (U.S.)
- cbdMD (U.S.)
- Pure Hemp Botanicals (U.S.)
- ENDOCA(Netherlands)
- Green Roads (U.S.)
- Tilray (U.S.)
- Canopy Growth Corp. (Canada)
- GW Pharmaceuticals PLC (U.K.)
- Aurora Cannabis (Canada)
- Aphria Inc. (Canada)
- CV sciences Inc. (U.S.)
Recent Development
- In March 2021 – One of the top German pharmaceutical firms, STADA Arzneimittel AG, partnered with MediPharm Labs to launch two flower products and six more in the future, entering the market for cannabis-infused goods.
- In May 2021- TCV Sciences, Inc. introduced PLUSCBDTM calm and sleep gummies, two scrumptious sweets that assist people in returning to regular routines by promoting healthy stress responses and sleep patterns.
Fundamental Aim of this Market Report
In the Industry, every company has goals, but this report focuses in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
Browse the complete table of contents at – https://www.databridgemarketresearch.com/toc/?dbmr=global-cannabis-infused-products-market&Shri
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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About Data Bridge Market Research:
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