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Cannabis Edibles Market Trends

Report ID: GMI7059
Published Date: Oct 2023
Report Format: PDF

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Cannabis Edibles Market Trends

The cannabis edibles industry has grown and evolved significantly, driven by changing perceptions regarding cannabis usage and an expanded diversity of product choices. Customers are increasingly looking for discreet and simple methods to include cannabis into their lives, and edibles, with their numerous product kinds such as chocolates, candies, and drinks, have grown in popularity. Furthermore, cannabis legalization and regulation in many regions has supported market expansion.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of cannabis edibles reached USD 8.01 billion in 2022 and is set to record USD 37.11 billion by the end of 2032, due to the growing consumer preference for convenient, discrete, and smoke-free consumption techniques.

The dispensaries distribution channel segment is anticipated to grow at 17% CAGR from 2023-2032, owing to the presence of diverse selection.

North America market size was valued at USD 3.6 billion in 2022, attributed to the high incidence of infertility, higher awareness of reproductive concerns, and the robust healthcare system.

Some of the major cannabis edibles providers are Canopy Growth Corporation, Aurora Cannabis, Tilray, Inc., Cronos Group, Curaleaf Holdings, Trulieve Cannabis Corporation, Cresco Labs, The Valens Company, and HEXO Corp.