New York, NY, Feb. 14, 2019 (GLOBE NEWSWIRE) -- 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): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global cannabis edibles market was valued at approximately USD 2,376 million in 2018 and is expected to generate around USD 11,564 million by 2025, at a CAGR of around 25.4% between 2019 and 2025.
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 through 54 Tables & 29 Figures spread over 120 Pages and in-depth TOC on “Global Cannabis Edibles Market Size & Share: Industry Type, Growth, Applications, Segments, Analysis and Forecast, 2025”.
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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.
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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.
North America is anticipated to lead the cannabis edibles market in the near future. North America has contributed notably towards the growth of the global cannabis edibles market and is likely to continue its domination over the forecast period. This regional growth can be attributed to the huge consumer spending on cannabis products. Furthermore, according to NCBI, the medicinal use of cannabis was legalized in California in 1996 and twenty-four states in the U.S., including Washington, Alaska, Oregon, Colorado, and Columbia, in April 2016. This, in turn, is anticipated to further boost the cannabis edibles market in the U.S. 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.
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Europe is estimated to hold the second position in terms of market share in the global cannabis edibles market in the future. The region’s cannabis edibles market is anticipated to grow by leaps and bounds in the next few years, owing to the increased focus on medical program expansion by the governments of Holland, Germany, and Italy. The developing field of scientific indication is proving that cannabis has therapeutic properties. Some European countries are prescribing cannabis edibles to help with autism and epilepsy. Experts trust that cannabis edibles can intensify the distribution of tetrahydrocannabinol, cannabidiol, etc. across the body and brain. Moreover, the growing investments made for cannabis edibles and rising awareness in the region are further propelling this regional market over the estimated timeframe.
In the forecast period, the Asia Pacific and Latin America are expected to show a high rate of growth in the cannabis edibles market. The increasing use of cannabis to treat chronic diseases and manage pain is likely to propel these regional markets in the future. Moreover, recent changes in the law for the approval of cannabis for treatment and recreational purposes in these regions is anticipated to further boost the market for cannabis edibles in the Asia Pacific region.
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): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/cannabis-edibles-market
The Middle East and Africa region is anticipated to show significant growth in the cannabis edibles market in the future, owing to the increasing footprints of companies in South Africa for cannabis edible product development.
Some key players of the global cannabis edibles market are 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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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
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