CBD Snacks Market

1. CBD Snacks Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and COVID-19 Impact Insights, 2028 The global CBD snacks market size was valued at USD 699.6 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 15.5% from 2021 to 2028. The global CBD Snacks Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global CBD snacks market size is expected to reach USD 2.05 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 15.5% from 2021 to 2028. Rising consumers’ inclination towards the consumption of CBD snacks and increasing research activities to develop new products are driving the market. Moreover, the increasing population and rising disposable income are contributing to the market growth. List of Key Players of CBD Snacks Market Aurora Cannabis Cannabinoid Creations Canopy Growth Corp. CBD American Shaman CV Sciences, Inc. Dixie Brands Elixinol Global Limited FOLIUM BIOSCIENCES Green Roads Isodiol International Inc.

2. CBD Snacks Outlook: Baked Goods Non-alcoholic drinks Candies Snacks Others The non-alcoholic drinks segment is expected to expand at the highest CAGR of 17.7% from 2021 to 2028. Being more nutrition conscious, consumers are shifting toward non-alcoholic drinks from alcoholic drinks. Moreover, citizens are aware of the side effects of the consumption of alcohol. These factors are expected to drive the market over the forecast period. Please Click The Link Below To Request Free Demo of CBD Snacks Market: https://www.millioninsights.com/snapshots/cbd-snacks-market-report/request-demo Flavor Outlook: Berry Chocolate Citrus Others The chocolate flavor segment is anticipated to expand at the highest CAGR of 16.8% from 2021 to 2028. The snack food items coated with chocolate are gaining popularity among consumers, which, in turn, is expected to contribute to the growth of this segment. Distribution Channel Outlook: Offline Online The online distribution channel segment is expected to register the fastest CAGR of 16.9% from 2021 to 2028. The use of online shopping portals and mobile apps is getting popular among the young population, which triggers market growth. Regional Outlook: North America held the largest revenue share of over 30.0% in 2020. Countries such as the U.S. and Canada are positively contributing to the market revenue. The presence of nutrition-conscious citizens in the region and the increasing consumption of CBD snacks are contributing to the growth of this market. Additionally, the presence of major producers and the approval of the U.S. Farm Bill 2020 are expected to drive the industry. Manufacturers are looking to maintain their brand image and gain customer loyalty by offering innovative CBD snacks as per customer specifications and analyzing consumer behavior patterns. Key players in the market are offering various flavors, such as berry, chocolate, citrus, coconut, vanilla, caramel, and pineapple.

3. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights 410 E Santa Clara Street, Unit #1008 San Jose, CA, 95113, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: +91-8956380892 Email: sales@millioninsights.com