According to a report by Reports and Data, the global market size for Cannabidiol (CBD) Gummies was USD 3.3 billion in 2022 and is expected to register a revenue CAGR of 30% over the forecast period. The rising frequency of chronic diseases such as arthritis, anxiety, depression, and insomnia has led to an increase in the demand for CBD products, especially gummies. CBD gummies are a simple and convenient way for people who dislike the flavour of CBD oil to absorb the ingredient. Their non-psychotropic properties and lack of THC-induced "high" are further contributing factors to their growing popularity.

The CBD gummies market is experiencing revenue growth due to the increasing trend of self-medication, where consumers are attempting to manage their health and wellness concerns without consulting healthcare professionals. This trend is being supported by the availability of CBD gummies in a wide variety of flavors, dosages, and formulations, which is further driving market growth.

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In addition, the legalization of cannabis in multiple countries and the growing use of CBD-based products in the beauty and personal care industry are expected to drive revenue growth in the CBD gummies market. CBD candies are becoming more popular as ingredients in skincare and personal care products because of their anti-inflammatory and antioxidant properties, which are beneficial for maintaining healthy skin.

Increased demand for vegan and organic products is also likely to boost sales of CBD gummies made from natural and organic ingredients. To address the expanding demand for healthier choices, manufacturers are increasingly replacing artificial sweeteners with natural sweeteners like stevia and agave syrup.

The increasing popularity of social media and e-commerce platforms is also driving revenue growth in the CBD gummy industry, as suppliers can access a larger customer base. Customers can now purchase CBD gummies more easily due to the availability of a wide range of products on e-commerce platforms, and the ease of comparing products and prices quickly.

Key Players in the Cannabidiol (CBD) Gummies Market –

• Charlotte's Web Holdings, Inc.
• PureKana
• Green Roads
• Verma Farms
• CBDistillery
• Joy Organics

According to the report, the full-spectrum CBD gummies segment is expected to contribute the largest revenue share throughout the forecast period. The internet segment is predicted to account for the majority of revenue, and the market in North America is anticipated to generate the highest revenue share due to the growing demand for CBD candies.

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Notable Innovations in the Cannabidiol (CBD) Gummies Market –

Here are some notable innovations in the CBD gummies market:

1.     Vegan and Organic Gummies: With the increasing demand for natural and organic products, many manufacturers are now producing vegan and organic CBD gummies. These gummies are made using natural sweeteners such as stevia and agave syrup, instead of artificial sweeteners. They are also free from animal products and are suitable for vegans and vegetarians.

2.     Full-spectrum CBD Gummies: Full-spectrum CBD gummies are becoming increasingly popular due to the entourage effect. This effect occurs when all the chemicals in the hemp plant work together to enhance the therapeutic benefits of each molecule. Full-spectrum gummies contain all the natural components of the hemp plant, including THC, which is known to have medicinal properties.

3.     Customized Gummies: Some manufacturers are now offering customized CBD gummies, where customers can choose the flavor, dosage, and formulation of their gummies. This allows customers to tailor their CBD intake to their specific needs and preferences.

4.     Combination Gummies: Combination gummies are another innovative product in the CBD gummies market. These gummies are made by combining CBD with other ingredients such as melatonin, vitamin C, and turmeric to create a unique blend of health benefits. For example, CBD and melatonin gummies are often used to promote better sleep, while CBD and turmeric gummies are used for their anti-inflammatory properties.

Reports and Data has segmented the global Cannabidiol (CBD) gummies market on the basis of Concentration Outlook, Distribution Channel Outlook, and Regional Outlook. The Concentration Outlook includes Full-Spectrum CBD Gummies and Broad-Spectrum CBD Gummies. The Distribution Channel Outlook includes Online and Offline. The Regional Outlook includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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