Hemp extracts, including CBD gummies, are legal in all 50 states as a result of the 2018 Farm Bill.
CBDistillery also has a Night Time option. Similar to the standard version, Night Time Gummies contain 30 mg of CBD per count, but with 2 mg of sleep-aiding melatonin. Both products are sourced from U.S.-grown, non-GMO hemp and are suitable for vegans.
CBDfx is another brand that offers multiple options for its CBD gummies. The company caters to both novice and experienced consumers, selling their gummy bears in two strengths—5 mg or 40 mg of CBD per gummy.
What Makes CBD Gummies Different From Other Products?
Many people dislike the taste of natural CBD oil, and they prefer to take their supplement in the form of a capsule or edible. Gummies are hands down the most popular edible product on the market for CBD users.
CBD gummies can relax you, but they won’t get you high in the same way that THC products do.
The base contains organic syrups, cane sugar, natural flavors, and natural colors. On top of that, each gummy carries a decent dose of 25 mg of broad-spectrum CBD. The broad-spectrum means these gummies contain all the beneficial ingredients found in hemp — cannabinoids, terpenes, and flavonoids — but without any traces of THC.
The company’s standard CBD gummies are designed for daily consumption. Each gummy bear contains 30 mg of 99% pure CBD isolate, making them suitable for public employees or people who face routine drug tests.
These aforementioned supportive policies are anticipated to boost the demand for CBD gummies in the U.S. market. The market, however, is still at a nascent stage and the products being launched are only in the countries where CBD-based edible products are legalized. Manufacturers are, however, expecting a significant shift in product positioning in the global market, with the hopes that CBD oil and gummies will become as common as fish oil or multivitamin gummies.
CBD Gummies Market Growth & Trends
The global CBD gummies market size is expected to reach USD 13.9 billion by 2028. It is expected to expand at a CAGR of 30.7% from 2021 to 2028. The exceptional medicinal properties without any harmful side effects are expected to be a major factor contributing to the growth of the market. The consumption of CBD (Cannabidiol) gummies to relieve anxiety, depression, pain, and inflammation, and to induce sleep is expected to boost the growth of the market.
CBD Gummies Market Size, Share & Trends Analysis Report By Concentration (High, Low), By Distribution Channel (Online, Offline), By Region (North America, Europe, RoW), And Segment Forecasts, 2021 – 2028
In addition to this, a few favorable changes in the overall regulations on hemp are promoting the supply of various CBD-based products in the U.S. market. For instance, under the 2018 Farm Bill, hemp has been removed from the Controlled Substances Act (CSA), which implies that cannabis plants and derivatives that constitute less than or equal to 0.3% dry weight THC are no longer controlled substances under federal law.
CBD Gummies Market Report Highlights
• By concentration, the low concentrated CBD gummies held the largest share of 90.2% in 2020 and are expected to maintain their lead over the forecast period. First-time buyers of CBD gummies prefer low CBD content gummies ranging from 1 mg to 20 mg CBD per gummy
• High CBD concentrated gummies are projected to register the fastest CAGR of 34.7% from 2021 to 2028. The increasing awareness among consumers regarding the advantages of marijuana edibles for the treatment of sleep disorders is anticipated to fuel the segment growth in the near future
• The offline distribution channel was the largest segment with a share of 56.4% in 2020. The overall sales through offline channel dropped drastically owing to the closure of all the brick and mortar stores due to the pandemic across the globe
• North America held the largest share of 62.0% in 2020. In the U.S., the legalization of cannabis for medical and recreational purposes is among the top factors driving the market for CBD gummies
Read the full report: https://www.reportlinker.com/p06068228/?utm_source=GNW
New York, May 05, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “CBD Gummies Market Size, Share & Trends Analysis Report By Concentration, By Distribution Channel, By Region And Segment Forecasts, 2021 – 2028” – https://www.reportlinker.com/p06068228/?utm_source=GNW
May 05, 2021 07:05 ET | Source: ReportLinker ReportLinker