Cannabis Edibles Market Size, Trends and Insights By Type (Flowers, Concentrates), By Application (Medical, Industrial, Recreational), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI17261

Published Date: August 2022

Pages: 220+

Category: Food & Beverages

Reports Description

The cannabis edibles market touched USD 20.47 billion by 2021 and is expected to present an earning of USD 197.74 billion by the year 2030 at a compound annual growth rate of 32.04%.

The huge demand which was experienced by the market with the increasing awareness regarding the benefits of cannabis edibles and products help the market to record a considerable amount of revenue and is foreseen to continue in the future as well. Cannabis products are heavily used in the manufacturing of medicinal substances in order to treat a huge number of chronic diseases.

Cannabis Edibles Market by Size

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The rapidly increasing geriatric population all over the world as a result of the increasing life expectancy of the people owing to the advanced treatment options available in the health care system has increased the number of people suffering from chronic diseases. The effect of cannabis has been greatly applauded by the market in the treatment of such chronic diseases. This product has been used since ancient times and its medicinal properties have been made use of by people for ages. The various rules and regulations which have been imposed by the government regarding the sales and supply of cannabis products in certain countries prove to be a restraining factor for the growth of the market during the forecast period.

On the other hand, the government of many developed countries has legalized the usage of cannabinoids and their components in order to reap the maximum benefits of the medicinal properties contained in this product. The active principles which are found in cannabis products are rare and cannot be found easily in other natural resources.

The legalization of the demand and supply of cannabis edibles has proved to be a major opportunity for the growth of the market. Additionally, certain side effects have been noted after the usage of cannabis products such as impairment in cognition proves to be a restraining factor for the market. Along with the benefits the side effects have to be also thought about before using such products.

The outbreak of the pandemic had a considerable impact on the cannabis edibles market as a result of the restricted movement and lockdowns imposed by the government. These materials and products are usually distributed only through licensed pharmacies. The lack of transportation facilities hampered the growth of the market. During the later stages of the pandemic, the market experienced considerable growth as a result of the increasing demand for medicines.

Growth Factors

The rapid research and development carried out by the key market players so the introduction of new, innovative products attracted potential consumers and provided a boost to the growth of the market. The wide use of cannabis products in the healthcare sector has also proved to be a growing factor for the market and is expected to continue its growth in the future as well.

Rapid advancements which are seen in scientific development and innovation help the market to overcome its obstacles. Right is such as sublingual and topical products have been introduced into the market which receives a higher demand from the potential consumers. Beverages and chocolates have also been introduced into the market which is experiencing huge demand.

Segmental Insights

Segmentation of Cannabis edibles market on the basis of type

On the basis of type, the segment of flower buds proves to be a dominating position as a result of the high demand experienced by the market. As a result of the huge demand that it received, the flower bud segment is foreseen to continue at the same pace in the future period as well.

The flower bud of marijuana experience is the highest demand as a consumable product. It proves to be one of the most popular types among the people and also in the worldwide market. Around 30% of THC is contained in a single flower bud of marijuana. This concentration varies starting from 15% in every bud. This flower bud usually contains around 1% of CBD which starts at approximately around 0.1% of concentration.

Every minute level of cannabinoids is contained in the flower bud of marijuana which proves to be negligible. The burning of the flower requires a particular temperature after which it gets destroyed. The boiling point of the cannabinoids is far lower than this temperature. The technology of vaporizers usually makes use of this concept in order to protect the official properties of any particular substance. This process is gradually becoming popular among manufacturers in order to increase production and maintain the quality of the product up to optimal levels.

Highly advanced vaporizers which are sophisticated have been developed by the key market players to control the temperature of boiling. Specific cannabinoids require a particular temperature in order to get activated which proves to be the main target of the producers in the market. The concentrate is inclusive of CO2 oil, BHO which is also known as butane hash, shatter, live resin, wax, budder, ice water hash, kief and rosin. These multiple products are experiencing a huge demand from the world market.

The favorable conditions which are present in the market help to increase the supply chain by fulfilling the growing demands. The existence of a potential client base rose to be a major growth factor for this segment. With the increasing research and development in this sector, the availability of high-quality flower buds has become easy which proves to be a major factor that boosts the size of the market. Marijuana products have penetrated the market to a great extent, especially in the western sector.

The increasing acceptance by consumers for concentrates as a result of the multiple health benefits proves to be a growing factor for the market. The use of advanced vaporizers has boosted the demand for concentrates in the global market. Various flavors have been introduced by the key market players by altering the formulas which help the consumer to enjoy a different experience.

Cannabis Edibles Market (By Application)

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Segmentation of cannabis edibles market on the basis of application

On the basis of application, the segment of medical marijuana proves to be the highest selling product as a result of the huge number of health benefits it provides with. Many developed nations have granted permission to the healthcare sector for making use of medicines made out of marijuana to be applied to patients in order to obtain greater benefits. The application of cannabinoids in the healthcare sector has proved to be a boon as a result of their high therapeutic value. The compounds which are similar to cannabinoids I’ve been also used by the pharmaceutical industry in order to fulfill the growing demands.

The most commonly used drugs which are obtained from marijuana include Marinol, Sativex, and sesame. The treatment of a number of chronic elements has been carried out with the help of the medicines obtained from cannabinoids.

The complaints of severe pain mainly of the chronic pattern have been treated with the help of these medicines. Multiple sclerosis proves to be another huge market for medicines made out of this substance. Epilepsy which proves to be treatment resistant has also been improved to a considerable level with the use of cannabis medicines.

The rapid awareness among the people regarding health care options has helped the market of cannabis medicines to show considerable growth during the forecast period. The wellness sector proves to be another huge market for the increasing trend among people regarding the preventative line of treatment. The usage of cannabis products has seen a huge market in the healthcare sector which helps this segment to dominate its position even in the times to come.

The rapid research and development which has been carried out by the key market players in order to explore the beneficial factors of cannabis with a view to treating a huge range of diseases including a number of chronic diseases has helped the market to record a considerable revenue and is foreseen to continue in the future as well. A very negligible share has been contributed by the topical segment. The increasing usage of creams lubricants and lotions which contain cannabis in a very minute quantity helps this segment to show its impact in the market. The management of pain becomes a major factor in the growth of this market.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 20.47 Billion
Projected Market Size in 2030 USD 197.74 Billion
CAGR Growth Rate 32.04% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Pure Kana, CV Sciences., Charlottes Web Holdings Inc, Canopy Growth Corp, TIsodiol International, Elixinol Global Ltd, Medical Marijuana Inc, Aurora Cannabis Inc., Cronos Group Inc, Curaleaf Holdings Inc., MGC Pharmaceuticals Ltd., Creso Pharma Ltd., Green Thumbs Industries Inc., Tilray Inc., and Others
Key Segment By Type, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Regional Insights

On the basis of geography, the region of North America has proved to be the largest market for cannabis edibles. The recreational use of cannabis edibles has been legalized by this region around 2012 which has helped the market to take hold of the choices and demands of the people. Washington and Colorado were seen to be the initial users of this product for recreational purposes. Later on, 11 other states of Columbia which also included certain districts started the use of cannabis products as they were legalized in this region for the purpose of recreation.

The medicines which have been obtained from cannabis proved to be of therapeutic value for various chronic diseases such as arthritis epilepsy, Alzheimer’s disease, post-traumatic stress and chronic pain. the huge number of patients suffering from these diseases who are siding in this region proved to be or potential market for cannabis edibles. The use of marijuana products has been legalized in the region of Canada as well.

The heavy consumption and usage of cannabis products all over the United States has boosted the economy to a great extent. The market is experiencing new potential buyers and opportunities along with increasing demand and supply which is supporting the market considerably. The region of Europe proves to be the second largest consumer of cannabis products as a result of its huge application in the healthcare industry.

A wide range of chronic elements has been treated in this region with the help of medicines obtained from cannabis. It is mainly used to treat anorexia in patients who are suffering from severe muscle wasting diseases. The recent alterations that have been made in the government policies also help to boost the market for cannabis edibles to a great extent. The demand and supply are foreseen to increase in the region of South America as a result of the initiatives taken up by the government.

Cannabis Edibles Market (trends by region)

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Recent Developments

  • In April 2021 – Canopy growth company had taken over Supreme cannabis corporation through a specific agreement in order to expand its business reach in the global market. The product portfolio of the company was modified in order to attract potential consumers and increase the revenue return of the industry. The company was able to make a strong foothold in the global market among the key market players with the help of this acquisition.

Segments covered in the report

On the basis of Type

  • Flowers
  • Concentrates

On the basis of the Application

  • Medical
  • Industrial
  • Recreational

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Cannabis Edibles Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Cannabis Edibles Market: snapshot
  • Chapter 3. Global Cannabis Edibles Market – Industry Analysis
    • 3.1 Cannabis Edibles Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing use of cannabis products in the healthcare sector
      • 3.2.2 Driver 2
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Cannabis Edibles Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Cannabis Edibles Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Cannabis Edibles Market – Type Analysis
    • 5.1 Global Cannabis Edibles Market overview: By Type
      • 5.1.1 Global Cannabis Edibles Market share, By Type, 2021 and 2030
    • 5.2 Flowers
      • 5.2.1 Global Cannabis Edibles Market by Flowers, 2022 – 2030 (USD Billion)
    • 5.3 Concentrates
      • 5.3.1 Global Cannabis Edibles Market by Concentrates, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Cannabis Edibles Market – Application Analysis
    • 6.1 Global Cannabis Edibles Market overview: By Application
      • 6.1.1 Global Cannabis Edibles Market share, By Application, 2021 and 2030
    • 6.2 Medical
      • 6.2.1 Global Cannabis Edibles Market by Medical, 2022 – 2030 (USD Billion)
    • 6.3 Industrial
      • 6.3.1 Global Cannabis Edibles Market by Industrial, 2022 – 2030 (USD Billion)
    • 6.4 Recreational
      • 6.4.1 Global Cannabis Edibles Market by Recreational, 2022 – 2030 (USD Billion)
  • Chapter 7. Cannabis Edibles Market – Regional Analysis
    • 7.1 Global Cannabis Edibles Market Regional Overview
    • 7.2 Global Cannabis Edibles Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Cannabis Edibles Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Cannabis Edibles Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Cannabis Edibles Market, by Type, 2022 – 2030
      • 7.4.1 North America Cannabis Edibles Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 North America Cannabis Edibles Market, by Application, 2022 – 2030
      • 7.5.1 North America Cannabis Edibles Market, by Application, 2022 – 2030 (USD Billion)
    • 7.4. Europe
      • 7.4.2 Europe Cannabis Edibles Market, 2022 – 2030 (USD Billion)
        • 7.4.2.1 Europe Cannabis Edibles Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 Europe Cannabis Edibles Market, by Type, 2022 – 2030
      • 7.4.1 Europe Cannabis Edibles Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 Europe Cannabis Edibles Market, by Application, 2022 – 2030
      • 7.5.1 Europe Cannabis Edibles Market, by Application, 2022 – 2030 (USD Billion)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Cannabis Edibles Market, 2022 – 2030 (USD Billion)
        • 7.5.3.1 Asia Pacific Cannabis Edibles Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 Asia Pacific Cannabis Edibles Market, by Type, 2022 – 2030
      • 7.4.1 Asia Pacific Cannabis Edibles Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 Asia Pacific Cannabis Edibles Market, by Application, 2022 – 2030
      • 7.5.1 Asia Pacific Cannabis Edibles Market, by Application, 2022 – 2030 (USD Billion)
    • 7.6. Latin America
      • 7.6.4 Latin America Cannabis Edibles Market, 2022 – 2030 (USD Billion)
        • 7.6.4.1 Latin America Cannabis Edibles Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 Latin America Cannabis Edibles Market, by Type, 2022 – 2030
      • 7.4.1 Latin America Cannabis Edibles Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 Latin America Cannabis Edibles Market, by Application, 2022 – 2030
      • 7.5.1 Latin America Cannabis Edibles Market, by Application, 2022 – 2030 (USD Billion)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Cannabis Edibles Market, 2022 – 2030 (USD Billion)
        • 7.7.5.1 The Middle-East and Africa Cannabis Edibles Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 The Middle-East and Africa Cannabis Edibles Market, by Type, 2022 – 2030
      • 7.4.1 The Middle-East and Africa Cannabis Edibles Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 The Middle-East and Africa Cannabis Edibles Market, by Application, 2022 – 2030
      • 7.5.1 The Middle-East and Africa Cannabis Edibles Market, by Application, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Pure Kana
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 CV Sciences.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Charlottes Web Holdings Inc
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Canopy Growth Corp
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 TIsodiol International
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Elixinol Global Ltd
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Medical Marijuana Inc
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Aurora Cannabis Inc.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Cronos Group Inc
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Curaleaf Holdings Inc.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 MGC Pharmaceuticals Ltd.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Creso Pharma Ltd.
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Green Thumbs Industries Inc.
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Tilray Inc.
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Cannabis Edibles Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Cannabis Edibles Market attractiveness, By Type
  • 6. Global Cannabis Edibles Market attractiveness, By Application
  • 7. Global Cannabis Edibles Market share by Type, 2022 and 2030 (USD Billion)
  • 8. Global Cannabis Edibles Market by Flowers, 2022 – 2030 (USD Billion)
  • 9. Global Cannabis Edibles Market by Concentrates, 2022 – 2030 (USD Billion)
  • 10. Global Cannabis Edibles Market share by Application, 2022 and 2030 (USD Billion)
  • 11. Global Cannabis Edibles Market by Medical, 2022 – 2030 (USD Billion)
  • 12. Global Cannabis Edibles Market by Industrial, 2022 – 2030 (USD Billion)
  • 13. Global Cannabis Edibles Market by Recreational, 2022 – 2030 (USD Billion)
  • 14. Global Cannabis Edibles Market share, by Region, 2022 and 2030
  • 15. North America Cannabis Edibles Market, 2022 – 2030 (USD Billion)
  • 16. Europe Cannabis Edibles Market, 2022 – 2030 (USD Billion)
  • 17. Asia Pacific Cannabis Edibles Market, 2022 – 2030 (USD Billion)
  • 18. Latin America Cannabis Edibles Market, 2022 – 2030 (USD Billion)
  • 19. The Middle-East and Africa Cannabis Edibles Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Cannabis Edibles Market: Snapshot
  • 2. Drivers of the Cannabis Edibles Market: impact analysis
  • 3. North America Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 4. North America Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 5. U.S. Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 6. U.S. Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 7. Canada Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 8. Canada Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 9. Europe Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 10. Europe Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 11. Germany Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 12. Germany Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 13. France Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 14. France Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 15. U.K. Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 16. U.K. Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 17. Italy Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 18. Italy Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 19. Spain Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 20. Spain Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 21. Rest of Europe Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 22. Rest of Europe Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 23. Asia Pacific Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 25. China Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 26. China Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 27. Japan Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 28. Japan Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 29. India Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 30. India Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 31. South Korea Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 32. South Korea Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 33. South-East Asia Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 34. South-East Asia Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 35. Rest of Asia Pacific Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 36. Rest of Asia Pacific Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 37. Latin America Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 38. Latin America Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 39. Brazil Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 40. Brazil Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 41. Mexico Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 42. Mexico Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 43. Rest of Latin America Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 44. Rest of Latin America Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 45. The Middle-East and Africa Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 46. The Middle-East and Africa Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 47. GCC Countries Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 48. GCC Countries Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 49. South Africa Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 50. South Africa Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)
  • 51. Rest of Middle-East Africa Cannabis Edibles Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 52. Rest of Middle-East Africa Cannabis Edibles Market Revenue, By Application, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Market Players

  • Pure Kana
  • CV Sciences.
  • Charlottes Web Holdings Inc
  • Canopy Growth Corp
  • TIsodiol International
  • Elixinol Global Ltd
  • Medical Marijuana Inc
  • Aurora Cannabis Inc.
  • Cronos Group Inc
  • Curaleaf Holdings Inc.
  • MGC Pharmaceuticals Ltd.
  • Creso Pharma Ltd.
  • Green Thumbs Industries Inc.
  • Tilray Inc.
  • Colorado Botanicals Inc
  • Zoetic International PLC, etc.
  • TGOD Holdings Ltd.
  • Ecofibre Ltd.

FAQs

“North America” region will lead the global Cannabis Edibles market during the forecast period 2022 to 2030.

The rapid research and development carried out by the key market players so the introduction of new, innovative products attracted potential consumers and provided a boost to the growth of the market.

The key players operating in the Cannabis Edibles market are Pure Kana, CV Sciences., Charlottes Web Holdings Inc, Canopy Growth Corp, TIsodiol International, Elixinol Global Ltd, Medical Marijuana Inc, Aurora Cannabis Inc., Cronos Group Inc, Curaleaf Holdings Inc., MGC Pharmaceuticals Ltd., Creso Pharma Ltd., Green Thumbs Industries Inc., Tilray Inc., and Others.

The global Cannabis Edibles market is expanding growth with a CAGR of approximately 32.04% during the forecast period (2022 to 2030).

The global Cannabis Edibles market size was valued at USD 20.47 billion in 2021 and it is projected to reach around USD 197.74 billion by 2030.

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