According to FACT.MR’ most recent analysis, the cannabis edibles market will experience robust expansion in 2021, with global revenues increasing by a significant revenue year on year. According to a new FACT.MR forecast, cannabis edibles revenue will nearly triple between 2021 and 2031. Rising demand for cannabis edibles from millennial and senior aged consumers for recreational and medical use drive the market growth.
Some key manufacturers functioning the business in the cannabis edibles market are,
Cannabis Edibles Markets are Expanding Rapidly
Marijuana is becoming popular in many countries in different types. One of the key forms is cannabis edible is taking fast growth in the market. Due to the increased risk factors of smoking consumers shifting from smoking cannabis to edible. Because of its nature, wide range of people from millennials to senior citizens. This makes cannabis edibles are becoming a hot topic across the world. Additionally, cannabis edibles are having several health benefits. Cannabis contains a chemical called tetrahydrocannabinol (THC). This chemical is used in the medical field to treat relaxation and anxiety relief. Therefore, cannabis edibles is used for anti-anxiety effects.
According to the in-house study, more than 79% of people are suffering from anxiety and sleep problem. Owing to the medical benefit, cannabis edibles are drastically utilized to overcome these problems. Hence the demand for the product is significantly growing across the world. Cannabis edibles are also utilized for several other medical usages. It contains a pain reliever effect as well as anti-inflammatory properties, which aids to overcome various pains such as chronic pain, cancer pain, and neuropathic pain. Therefore it is used for many medical uses.
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US and Canada Cannabis Edibles Market
The United States and Canada is a key market for the cannabis edibles market. The exclusive acceptance of cannabis edibles across Canada and United States drive the North American cannabis edible market. Growing millennial consumer preference for smoking cannabis than edible to overcome the risk boost cannabis edibles market in the region.
Europe Demand Outlook for Cannabis Edibles Market
Cannabis edibles are broadly sold in European countries, with Spain, Germany, Italy, France and others supporting the growth of the cannabis edible market. Growing demand for cannabis edibles for medical usages propel the regional market growth. Several beverages manufacturers like Coca-Cola, PepsiCo are eyeing entering the cannabis edibles market to provide future opportunities for the market in the region.
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Cannabis Edibles Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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