Cannabidiol gummies are a type of CBD consumable. They include CBD, a medicinal chemical produced from the cannabis Sativa. CBD gummies are similar to ordinary gummies and are available in a variety of forms and sizes. They are the most discreet way to take CBD. The growing popularity of CBD-infused products for recreational and medicinal purposes in the United States and portions of Europe has fueled industry expansion in recent years.
The major factor driving the growth of the global CBD gummies market includes the excellent medicinal properties of CBD. The use of CBD (Cannabidiol) gummies is proven to treat anxiety, pain, depression, and inflammation, as well as to promote sleep. Further, CBD in desired quantity does not cause any side effects, besides CBD gummies are non-addictive, non-psychoactive, and non-intoxicating.
They are also odor-free and taste-free, which is why they are widely accepted by consumers. All these factors are likely to drive market expansion over the forecast period. On the other hand, restrictions and strict rules on the use of cannabis in many countries around the world are the major challenges for the expansion of the market. However, supportive policies in the US and Europe such as the 2018 farm bill in the US are expected to offer healthy growth opportunities in developed countries.
The global CBD gummies market is bifurcated based on product type, end use, and region. Based on product type, the global market for CBD gummies is categorized into organic and non-organic. The end use segment of the market is split into online and retail.
North America is likely to remain the largest market for CBD gummies, besides, elevated demand in the US for CBD gummies is expected to contribute to strong market growth over the forecast period. Key factors driving the market growth in the region include strong government for the sale of cannabis-based products. As a fact, the legalization of cannabis for medical and recreational purposes in the United States is one of the major factors fueling the demand for CBD gummies. Europe is likely to hold the second largest market for CBD gummies, increasing use of CBD as a medicinal element is primarily driving the growth of the market in the region.
Key players operating in the global CBD gummies market include CV Sciences, Inc., Reliva CBD, Dixie Brands, Sunday Scaries, Hemp Bombs, Green Roads, Medix CBD, PureKana, Diamond CBD, Premium Jane among others.
To cite, in 2018, the US government passed the most awaited Farm Bill, which supports the sale of CBD gummies and other CBD-based products in the US. The bill authorizes hemp-based products in the state and neglects hemp from the definition of marijuana in section 102(16) of the Controlled Substances Act.
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