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Edible Cannabis Market, by Product Type

RA00106

Edible Cannabis Market, by Product Type (Solid Foods, Drinks, Capsules, Others), by Infusion Materials (Oil, Butter, Other), Regional Analysis (North America, Europe, Asia Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00106

Pages: NA

Mar 2020

Global Edible Cannabis Market Overview 2026:

Edible cannabis is a food product that contains cannabinoids especially tetrahydrocannabinol (THC). Most edible cannabis includes THC which can induce a wide range of effects including anxiety, euphoria, relaxation, fatigue, and increased appetite. Edible cannabis is mostly used for recreational and medical purposes. Edible cannabis are the beverages and the food products that contain marijuana and its active compounds Edible cannabis can be made using a large number of techniques, for instance infusing a marijuana flower into any type of food and drink. Different types of edible cannabis are chocolates, cookies, ice cream, sodas, deserted ball, coffee and teas, energy drinks and many more. Edible marijuana is a more convenient and a safe way to consume the product. Edible marijuana is also used for various medical purposes like pain relief, muscle spasms, nausea, insomniac and many more.

Driving Forces of Edible Cannabis Market

Rapid growth in the legalization of cannabis across the globe is consider to be the major driving factor for the edible cannabis market

Edible cannabis market is predicted to witness a significant rise in the forecast period due to the relaxation of various rules and regulation for the use of cannabis. Many governments across the globe have been legalizing the use of cannabis which has been increasing the interest among food manufactures to produce more cannabis induced edible food products. For instance, in October 2019, Canada government legalized the use of cannabis due to its medical purpose and the usage in medical research. The rise in the number of the users preferring edible cannabis over smoking directly due to the adverse effect is predicted to be the major driving factor for the growth of the edible cannabis market.

In-adequate information is considered to be a major restraint for the edible cannabis market

In adequate information about edible cannabis in developing nations and lack of safety information is considered to be a major restraint for the edible cannabis market. Growth in the direct consumption of cannabis for recreational purposes, personal use and cultivation of marijuana, insufficient data and stringent government regulatory laws are anticipated to obstruct the global market throughout the projected period.
Increasing agricultural crisis for the testing of marijuana is predicted to create an opportunity for the edible cannabis market
Marijuana is being self-pollinated with biochemical reactions taking place within the farm. Farmers are facing a lot of difficulties in agricultural farmland as marijuana is a psychoactive drug made by adding saturated fat to hot water all over the globe which is creating global opportunities. Marijuana market has expanded enormously across the North America region. For example, in October 2018, recreation marijuana was legalized in some parts of the U.S. along with Canada. Therefore, removal of legal prohibition and clinical research advances in marijuana is expected to create enormous opportunities for the medical marijuana market.

Edible Cannabis Market Segmentation, by Product Type:

Solid food is predicted to have the highest growth in the forecast period.

The Solid Foods segment is anticipated to grow rapidly during the forecast period, due to the development of cannabis-infused energy drinks. The solid edible cannabis is often used to treat patients with chronic pain, cancer related symptoms and anxiety. The presence of THC in Cannabis makes the natural treatment popular which effectively reduces the symptoms and eases pain related to various conditions. Solid food type of cannabis lasts longer, and unlike smoking it doesn’t affect the lungs adversely. It directly gets into the blood and starts immediate action on the body and eliminates the need of another dose. Due to the above mentioned reasons the solid food segment is predicted to boost the edible cannabis market in the forecast period.

Edible Cannabis Market, by Infusion Materials:

Oil cannabis is predicted to grow enormously in the forecast period. This oil is made by extracting from the cannabis plant, then diluting it with a coconut oil or hemp seed oil. The use of this oil helps to ease the symptoms of ailment like anxiety and chronic pain. In addition, it also lessens the cancer related symptoms and tumor effects. Due to the above mentioned reasons the oil segment is predicted to boost the edible cannabis market in the forecast period.

Edible Cannabis Market, by Region:

North America region will have lucrative opportunities for the market investors to grow over the coming years

North America is predicted to hold the largest market share in the edible cannabis market. The region is predicted to grow continuously due to the rise in the legalization of marijuana and the government regulation. In addition, the recent legalization of cannabis for medical purpose is predicted to give boost to the region for the edible cannabis market. Asia-Pacific has accounted to have the highest growth rate in the forecast period. Many of the developing countries are legalizing the use of marijuana for the personal use. These factors and the government taking initiatives for the use of marijuana in medical purpose is predicted to boost the market for the Asia-Pacific region in the forecast period.

Key participants in Global Edible Cannabis Market:

The major players in the edible cannabis market are Zoots, Auntie Dolores, Fairwinds Manufacturing, Mirth Provisions, Baked Bros, Cheeba Chews, Mentor Cannabis, Inc., Kiva Confections, Organa Brands, Dixie Elixirs, and Bhang Corporation among others.
 

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Product Type

  • Solid Foods
  • Drinks
  • Capsules
  • Others

  Segmentation by Infusion Materials

  • Oil
  • Butter
  • Others

  Key Countries Covered

U.S., Canada, Germany, France, UK, Italy, Japan, China, India, South Korea, Australia, Middle East, Africa

  Key Companies Profiled

  • Zoots
  • Auntie Dolores
  • Fairwinds Manufacturing
  • Mirth Provisions
  • Baked Bros
  • Cheeba Chews
  • Mentor Cannabis, Inc.,
  • Kiva Confections
  • Organa Brands
  • Dixie Elixirs
  • Bhang Corporation

 


FREQUENTLY ASKED QUESTIONS?
 

A. Dixie Elixirs and Bhang Corporation are some of the key players in the global Edible cannabis market.

A. North America possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Product development and investment in R&D are the key strategies opted by the operating companies in this edible cannabis market.

A. Bhang Corporation is the company investing more on R&D activities for developing new products and technologies.

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