CBD Gummies Market Research Report and Outlook by 2028

In 2021, the CBD gummies market was valued at approximately US$ 2,133.48 million and is anticipated to grow to around US$ 12,182.21 million by 2028. This growth represents a compound annual growth rate (CAGR) of 28.3% from 2021 through 2028.

CBD, or cannabidiol, is a prominent compound derived from cannabis that is gaining traction due to its potential health benefits. The World Health Organization (WHO) has stated that there is no evidence suggesting that CBD leads to dependency or misuse. CBD gummies, which are made with CBD oil, provide a tasty and visually appealing option for consumers. They are often preferred over other forms of CBD, such as oils, which can have a strong, earthy flavor. The look and taste of CBD gummies closely resemble those of conventional gummy candies, making them more attractive to a wider audience.

The rise in popularity of CBD can be attributed to its medicinal properties. The WHO has confirmed that CBD does not pose a risk of addiction or abuse. CBD gummies, which contain CBD oil, offer a delightful and visually appealing choice for consumers. Unlike other CBD products, such as oils that may have a potent plant flavor, CBD gummies mimic the appearance and taste of regular gummies, enhancing their appeal.

The global CBD gummies market is segmented into regions including North America, Europe, and the Rest of the World. North America dominated the market in 2020; however, Europe is projected to witness the most rapid growth during the forecast period. The recent legalization of CBD in the European Union has led to a significant increase in cannabis consumers across various countries. Consequently, manufacturers of CBD gummies are poised for substantial growth in the European market. There is a rising demand for clean-label and organic ingredients, along with a preference for products with lower THC levels, which is driving the consumption of CBD gummies in Europe. Additionally, the regulatory landscape for CBD is becoming more lenient, as EU Member States increasingly recognize CBD as a novel food, beverage, and dietary supplement. These developments are expected to significantly boost the growth of the CBD gummies market in Europe in the coming years.

Key players in the CBD gummies market include Aurora Cannabis, Inc., Canopy Growth USA, LLC, CBD American Shaman, CV Sciences, Inc., Diamond CBD, CBDfx, Sunday Scaries, Medix CBD, Reliva CBD, and Fab CBD.

The size of the global CBD gummies market has been assessed using a combination of primary and secondary research methods. The research process commenced with extensive secondary research, leveraging both internal and external sources to gather qualitative and quantitative data pertinent to the market. Furthermore, numerous primary interviews were conducted with industry experts, including vice presidents, business development managers, market intelligence managers, national sales managers, and external consultants such as research analysts, valuation specialists, and key opinion leaders. These professionals provided valuable insights that helped validate the data and offered additional analytical perspectives on the CBD gummies market.