Global Edible Cannabis Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of USD xx.xx million over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 25.4% during the forecast period, i.e. 2017-2025. Edible cannabis or edibles, are food products in which a chemical compound, cannabinoid is present. Most of the edible cannabis contains tetrahydrocannabinol (THC), which can induce a range of effects on human body such as relaxation and increased appetite. The edible cannabis market is expected to grow during the forecast period, owing to their increasing use by food and beverage manufacturers.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global edible cannabis market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global edible cannabis market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Market Dynamics

Edible cannabis market is expected to witness a significant rise during the forecast period, due to the relaxation of federal rules over the use of cannabis, coupled with the increased interest among food manufacturers to produce cannabis-induced edible food products. For instance, in October 2018, Canadian government is planning to legalize the recreational cannabis (pot that is used without medical justification) to be purchased from licensed cannabis producers and to be used in edibles prepared at homes. The increase in number of consumers, who prefer edible cannabis over smoking them directly, due to extreme health hazards caused by smoking, is also one of the major reasons for the growth of edible cannabis market. However, health risks such as cancer, cardio-vascular diseases, and other mental issues, associated with the consumption of cannabis can restrict the growth of edible cannabis market.

By Product Insight: The product segment of edible cannabis market mainly consists of solid foods, drinks and tinctures. Companies like Serra, Cheeba Chews, Sweet Grass Kitchen and The Goodship Company, that have come up with innovative ideas of producing chocolate edibles, cannabis-infused snacks and brownies to attract a wide range of customers, and this is expected to drive the solid foods edible cannabis market in the forthcoming years. According to National Environment Health Association (NEHA), Colorado sold 2.85 million units of edible cannabis in 2015. The drinks segment is anticipated to grow rapidly during the forecast period, due to the development of cannabis-infused energy drinks, by players such as Sprig, Dixie and Zoots

Infusion Materials Insights: Among the infusion materials, Coconut oil and butter are some of the most preferred choices of producers, due to their strong binding abilities. Coconut oil contains 80% saturated fats and hence has potential to retain more cannabinoids during extractions. The end-product prepared with the use of coconut oil and cannabis extract remains solid even at room temperature. Butter and coconut oil are also preferred in the preparation of cannabis edibles, as they allow consumers to control dosage better than smoking and also delay the psychotropic effects. Incredibles, which is Colorado’s top-selling cannabis edibles brand, spent seven years in investigating the most suitable extraction methods and materials, before extracting their own cannabis oil manufactured with hydrocarbon technology.

Regional Analysis

The global edible cannabis market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is anticipated to hold the largest revenue share in edible cannabis market due to the presence of huge number of cannabis consumers and edible cannabis manufacturers, coupled with relaxed governmental regulations on the use of recreational cannabis in the region. According to National Center for Biotechnology Information, 9.5% of adults and 23.7 % of youth, in the U.S., were reported to be consuming cannabis, in the year 2015. Canada, which will become the second nation to legalize cannabis, and due to this, the market is further expected to grow due to the increasing consumers over the coming years. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.

Global Edible Cannabis Market Size, Share Analysis By Region 2017

Global Edible Cannabis Market Study Objective

1. To forecast the market size of edible cannabis market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of edible cannabis market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of edible cannabis market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of edible cannabis market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the edible cannabis market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Competitive Landscape

Major players operating in the edible cannabis market globally, include Bhang Corporation, Dixie Elixirs, Organa Brands, Kiva Confections, Mentor Cannabis, Inc., Cheeba Chews, Baked Bros, Mirth Provisions, Fairwinds Manufacturing, Auntie Dolores, Lord Jones, and Zoots among others. Key players in the market are coming making agreements with their competitors in order to expand their geographical reach and also to improve their distribution channels. For instance, in September 2018, Bhang Corporation and Trulieve announced their licensing deal to bring Edible medical cannabis product to Florida.

Global Edible Cannabis Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.