As per Inkwood Research, the Global CBD Food & Beverage Market is set to grow at a CAGR of 24.77% in terms of revenue during the forecasting period of 2024-2032.
CBD products, derived from the cannabis plant and infused into foods and drinks, are known for their potential health benefits. These range from pain relief and anxiety reduction to better sleep. Offerings include a variety of items like candies, snacks, teas, coffees, and flavored waters.
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Favorable Legalization Changes to Bolster CBD Food & Beverage Market Growth
Favorable changes in legalization have propelled the growth of the CBD food & beverage market. With increasing acceptance and understanding of its potential benefits, regulatory shifts have paved the way for broader availability and consumer confidence in CBD-infused products. This has led to a surge in innovation, with companies introducing a wide array of CBD-infused foods and beverages to cater to diverse tastes and preferences. As regulations continue to evolve and attitudes toward cannabis shift, the CBD market in the food & beverage market is poised for further expansion.
Bakery Products: Key Product Type Between 2024 to 2032
CBD-infused bakery items, such as bread, cookies, brownies, and other baked goods, dominate the market share owing to their broad appeal among consumers and the seamless integration of CBD into these products. This diverse range meets various consumer preferences and lifestyles, thereby enhancing the overall appeal of CBD-infused foods. Moreover, endorsements from celebrities and influencers, coupled with favorable media coverage spotlighting the potential advantages of CBD, have heightened consumer awareness and curiosity, further fueling market growth.
North America: Prominent Region in the Global CBD Food & Beverage Market
North America boasts the largest market share in the CBD sector, thanks to its early acceptance and legalization of the compound, fostering a thriving CBD ecosystem. As more individuals in the region explore the potential health benefits of cannabidiol, their interest in CBD-infused foods and beverages is poised to escalate.
Furthermore, the presence of reputable brands, a diverse retail landscape, and an informed consumer base have all played crucial roles in propelling market growth, firmly establishing North America as a key player in the global CBD food and beverage market.
Some of the major players operating in the market include Alkaline88 LLC, Curaleaf, Canopy Growth Corporation, etc.
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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, the Middle East, Europe, Asia, and Africa.
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