Cannabis Edibles Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026
Sarasota, FL -- (SBWIRE) -- 02/07/2019 -- Global Cannabis Edibles Market: Overview
Cannabis edibles are a food product that consists of cannabinoids. Many of the cannabis edibles contain a substantial proportion of cannabinoids that help in reducing fatigue & anxiety along with raising appetite. The product helps in enhancing euphoria and relaxation and is consumed for medicinal as well as recreational purpose.
Global Cannabis Edibles Market: Growth Factors
The product is considered to be safe, effective, and discreet means of possessing healing as well as intoxicating effects of cannabis without exposure to potential hazards of cannabis smoking and this will help cannabis edibles market gain traction over the years ahead. In addition, massive use of cannabis edibles in baked items, beverages, candies, chocolates, gummies, and lozenges are predicted to drive cannabis edibles market trends in the near future. With the products becoming more popular in the countries legalizing cannabis for medicinal application, the cannabis edibles market is slated to experience a momentous growth in the coming decade. However, many cannabis extracts used in cannabis edibles preparation is bound to face regulatory challenges as well as judicial scrutiny in the near future, thereby hindering the progression of cannabis edibles market in the years ahead. Nevertheless, the massive use of cannabis edibles for effectively treating ailments such as cancer, epilepsy, anorexia, chronic pain, multiple sclerosis, arthritis, nausea, and Alzheimer pain will nullify the impacts of hindrances on the market and will fortify the cannabis market growth in the years ahead.
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Global Cannabis Edibles Market: Segmentation
The global cannabis edibles market can be classified based on type, preparation, end-use, and consumption. On the basis of type, the market is sectored into beverages, baked foods, gummies, lozenges, candies, chocolates, and others. Based on the preparation, the cannabis edibles market is divided into dronabinol, nabiximols, nabilone, CBD, and synthetic analogs of tetrahydrocannabinol. Based on the end-use, the market is segmented into cancer, epilepsy, anorexia, arthritis, multiple sclerosis, Alzheimer disease, and nausea. Consumption wise, the market is segmented into solid edibles, topical edibles, inhalation, and liquid edibles.
Global Cannabis Edibles Market: Regional Analysis
Based on regions, the global cannabis edibles market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America has contributed notably towards the growth of the global cannabis edibles market and is likely to continue its domination in the near future. The growth can be attributed to massive consumer spending on the product in the years ahead. In addition, the Canadian government decided to legalize the sale of medical marijuana and this can propel the cannabis edibles market earnings in North America. Furthermore, according to NCBI, California in the U.S. had legalized the medicinal use of cannabis in 1996 and in April 2016 twenty-four states in the U.S. including Washington, Alaska, Oregon, and Colorado along with District of Columbia had passed legislation to legalize medical marijuana. This, in turn, is anticipated to boost the cannabis edibles market growth in the U.S.
Europe cannabis edibles market is anticipated to expand by leaps and bounds in the next few years, owing to the massive focus on medical program expansion by the governments of Holland, Germany, and Italy.
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APAC and LATAM markets are anticipated to have huge growth potential in the years ahead.
Global Cannabis Edibles Market: Competitive Players
Some of the key players in cannabis edibles market are Koios Beverage Corporation, The Supreme Cannabis Company, General Cannabis Corporation, Organigram Holding Inc., Cannabis Sativa, Inc., Heineken, Coalition Brewing, Corona, Bend Company, and SK Rodnik.
Global Cannabis Edibles Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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