(Entertainment-NewsWire.com, July 20, 2023 ) Maximize Market Research expects, the CBD Gummies market to grow from USD 2.67 Bn in 2022 to USD 16.05 Bn in 2029 at a CAGR of 29.2 percent.
CBD Gummies Market Report Scope and Research Methodology
The research methodology for the CBD gummies market includes data collection from primary and secondary sources, validation through primary research, and analysis to provide valuable insights. Market size estimates and forecasts are adjusted for various factors, using a bottom-up approach and multiple data triangulation methods. Major companies are identified through secondary research, and extensive primary research verifies crucial numbers.
The growth of the CBD gummies market is driven by increasing consumer awareness of CBD's health benefits and the demand for natural and organic supplements. The market growth is fueled by the adoption of CBD products for medical purposes and the focus of major players on product innovation and partnerships. The market offers growth opportunities such as the legalization of cannabis, e-commerce platforms, and the use of CBD in skincare products.
CBD Gummies Market Regional Insights
North America dominated the CBD gummies market, driven by cannabis legalization and increasing demand from health-conscious consumers. Europe is expected to grow due to awareness of CBD's health benefits and cannabis legalization.
Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:
Cannabidiol Gummies Market - The market size is expected to grow at a CAGR of 31.5% throughout the forecast period, to reach USD 25.39 Bn by 2029.
Gummy Supplement Market– The Market size is expected to reach USD 17.46 Bn by 2029, at a CAGR of 12.6 % during the forecast period.
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Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
