CBD Snacks Market

Global CBD Snacks Market by Source Types (Marijuana and Hemp), Types (Bars, Gummies, Cookies, and Others), End-users (Pharmaceutical, Healthcare, Personal Care, Cosmetics, and Others), Distribution Channels (B2C and B2B), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2020-2027

  • Report ID: FB-137
  • Author: Growth Market Reports
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  • No. Of Pages: 120
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The global CBD snacks market is anticipated to expand at a substantial CAGR during the forecast period, between 2020 and 2027. Cannabidiol is a chemical in the Cannabis sativa plant. It consists of many therapeutic benefits, which helps in the treatment of different diseases such as anxiety, epilepsy, and cancer. Recently, the use of CBD in medical and food products has been legal in many countries. CBD is commonly used in tincture, snacks, edibles, and other products. CBD-infused snacks are available in different forms including protein bars and popcorn. These snacks provide non-psychotic and therapeutic benefits to their consumers. Increase in the health consciousness among people fuels the demand for CBD snacks.

Market Trends, Drivers, Restraints, and Opportunities:

  • Rising urbanization and industrialization have resulted in busy and hectic lifestyles. These fast-stepped lifestyles have given rise to new eating habits that are different from the normal meals consumed at the family table. This, in turn, propels the CBD snacks market.
  • Buyers looking for modest food with less ingredients from food manufacturers to exclude artificial and chemical ingredients from food products. Most customers believe that food products with natural ingredients provide superior nutrition and environment sustainability. This, in turn, drives the CBD snacks market.
  • The CBD snacks market has been hampered due to disturbances in supply chain and manufacturing activities due to COVID-19.
  • Rising awareness and health concern is expected to drive the CBD snacks market during the forecast period.
  • Implementation of different rules and regulations for the use of CBD and CBD in food & beverages hampers the market.
  • Fluctuations in the prices of raw material used in CBD snacks impedes the market.

Scope of the report:

The report on CBD snacks market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Base Year

2019

Historic Data

2017–2018

Forecast Period

2020–2027

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities and revenue forecast

CBD Snacks Market Segment Insights:

High demand for marijuana-derived fuels the market

In the terms of source types, the market has been divided into dry marijuana and hemp. The marijuana segment accounted for a key share of the market due to the increase in the adoption of refined cannabidiol products combined with the legalization of medical marijuana. Rising adoption of CBD containing products derived from marijuana in the food and beverage industry fuels segment growth during the forecast period. The hemp segment is growing at a rapid pace.

Rising demand for CBD gummies fuels segment growth

On the basis of types, the CBD snacks market has been segregated into bars, gummies, cookies, and others. The gummies segment constitutes a large share of the market, while the cookies segment is projected to grow during the forecast period. CBD gummies are non-psychotropic drug and non-THC, which helps reduce the risk of highly induced medication.

Pharmaceutical segment holds a key share of the market

Based on end-users, the market has been classified as pharmaceutical, healthcare, personal care, cosmetics, and others. The pharmaceutical segment is projected to grow at high pace during the forecast period. Pharmaceutical companies started manufacturing CBD permeated pharmaceuticals for treating various medical conditions such as epilepsy and multiple sclerosis (MS) symptoms.

B2C segment has major share in CBD snacks market.

In terms of distribution channels, the CBD snacks market has been bifurcated into B2B and B2C. The B2C segment holds a large share of the market due to the presence of discount stores, food & specialty stores, small groceries, and e-retailers; therefore, the buyer has to experience the product features and comfort in the store itself.

North America constituted a dominant share of the market

Based on regions, the global CBD snacks market North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America accounts for a large share of the CBD snacks market. Rise in investments in the R&D sector after the legalization of CBD for medicinal purposes fuels the segment in the region. Changing lifestyle & eating habits and increasing demand for CBD snacks between millennials are driving the market in North America. Rising population preferring healthy diet snacks is driving the CBD snacks market in the region.

Competitive Landscape:

Key players in the CBD snacks market include Evo Hemp, Green Roads, Dixie Brands Inc., ZBD, Pure Kana, LivityFoods LLC, Naturebox, VELOBAR, Just CBD, CBD American Shaman, and Weller, among others. Mergers & acquisitions, collaborations, agreements, and partnerships are some growth strategies adopted by these players to strengthen their geographical presence.

Segments Covered in the Report

The global CBD snacks market has been segmented based on source types, types, end-users, distribution channels, and regions.

Source Types

  • Marijuana
  • Hemp

Types

  • Bars
  • Gummies
  • Cookies
  • Others

End-users

  • Pharmaceutical
  • Healthcare
  • Personal Care
  • Cosmetics
  • Others

Distribution Channels

  • B2B
  • B2C

Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. CBD Snacks Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. CBD Snacks Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. CBD Snacks Market - Supply Chain
  4.5. Global CBD Snacks Market Forecast
     4.5.1. CBD Snacks Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. CBD Snacks Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. CBD Snacks Market Absolute $ Opportunity
5. Global CBD Snacks Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. CBD Snacks Market Size and Volume Forecast by Types
     5.3.1. Bars
     5.3.2. Gummies
     5.3.3. Cookies
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global CBD Snacks Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. CBD Snacks Market Size and Volume Forecast by End Users
     6.3.1. Pharmaceutical
     6.3.2. Healthcare
     6.3.3. Personal Care
     6.3.4. Cosmetics
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global CBD Snacks Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. CBD Snacks Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global CBD Snacks Demand Share Forecast, 2019-2026
8. North America CBD Snacks Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America CBD Snacks Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America CBD Snacks Market Size and Volume Forecast by Types
     8.4.1. Bars
     8.4.2. Gummies
     8.4.3. Cookies
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America CBD Snacks Market Size and Volume Forecast by End Users
     8.7.1. Pharmaceutical
     8.7.2. Healthcare
     8.7.3. Personal Care
     8.7.4. Cosmetics
     8.7.5. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America CBD Snacks Demand Share Forecast, 2019-2026
9. Latin America CBD Snacks Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America CBD Snacks Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America CBD Snacks Market Size and Volume Forecast by Types
     9.4.1. Bars
     9.4.2. Gummies
     9.4.3. Cookies
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America CBD Snacks Market Size and Volume Forecast by End Users
     9.7.1. Pharmaceutical
     9.7.2. Healthcare
     9.7.3. Personal Care
     9.7.4. Cosmetics
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America CBD Snacks Demand Share Forecast, 2019-2026
10. Europe CBD Snacks Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe CBD Snacks Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe CBD Snacks Market Size and Volume Forecast by Types
     10.4.1. Bars
     10.4.2. Gummies
     10.4.3. Cookies
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe CBD Snacks Market Size and Volume Forecast by End Users
     10.7.1. Pharmaceutical
     10.7.2. Healthcare
     10.7.3. Personal Care
     10.7.4. Cosmetics
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe CBD Snacks Demand Share Forecast, 2019-2026
11. Asia Pacific CBD Snacks Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific CBD Snacks Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific CBD Snacks Market Size and Volume Forecast by Types
     11.4.1. Bars
     11.4.2. Gummies
     11.4.3. Cookies
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific CBD Snacks Market Size and Volume Forecast by End Users
     11.7.1. Pharmaceutical
     11.7.2. Healthcare
     11.7.3. Personal Care
     11.7.4. Cosmetics
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific CBD Snacks Demand Share Forecast, 2019-2026
12. Middle East & Africa CBD Snacks Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa CBD Snacks Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa CBD Snacks Market Size and Volume Forecast by Types
     12.4.1. Bars
     12.4.2. Gummies
     12.4.3. Cookies
     12.4.4. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa CBD Snacks Market Size and Volume Forecast by End Users
     12.7.1. Pharmaceutical
     12.7.2. Healthcare
     12.7.3. Personal Care
     12.7.4. Cosmetics
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa CBD Snacks Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global CBD Snacks Market: Market Share Analysis
  13.2. CBD Snacks Distributors and Customers
  13.3. CBD Snacks Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Evo Hemp
     13.4.2. Green Roads
     13.4.3. Dixie Brands Inc.
     13.4.4. ZBD
     13.4.5. Pure Kana
     13.4.6. LivityFoods LLC
     13.4.7. Naturebox
     13.4.8. VELOBAR
     13.4.9. Just CBD
     13.4.10. CBD American Shaman
     13.4.11. Weller

Segments Covered in the Report
The global CBD snacks market has been segmented based on source types, types, end-users, distribution channels, and regions.

Source Types

  • Marijuana
  • Hemp
Types
  • Bars
  • Gummies
  • Cookies
  • Others
End-users
  • Pharmaceutical
  • Healthcare
  • Personal Care
  • Cosmetics
  • Others
Distribution Channels
  • B2B
  • B2C
Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa


Key Players in the Market

  • Evo Hemp
  • Green Roads
  • Dixie Brands Inc.
  • ZBD
  • Pure Kana
  • LivityFoods LLC
  • Naturebox
  • VELOBAR
  • Just CBD
  • CBD American Shaman
  • Weller

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