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Cannabis Edibles Market is to Witness an Outstanding Growth by 2031

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.

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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.

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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.

Cannabis Edibles Market: key players

Some key manufacturers functioning the business in the cannabis edibles market are,

  • cdbMD Inc.
  • The supreme cannabis company Inc.
  • Pure Extract Technologies Corp.
  • VCC Brands
  • Organigram Holding Inc.
  • Bhang Corporation
  • Kiva Confections
  • Sundial Growers Inc.

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Emulsifier Alternatives: Market Segmentation

  • Based on Nature, the global cannabis edibles can be segmented as:

    • Conventional
    • Organic
  • Based on Product Type, the global cannabis edibles can be segmented as:

    • Cannabis-infused beverages
    • Gummy Bears
    • Cannabis Brownies
    • Cotton candy or mints
  • Based on End Use, the global cannabis edibles can be segmented as:

    • Medical Use
    • Recreational Use
  • Based on Distribution Channel, the global cannabis edibles can be segmented as:

    • B2B
    • B2C
      • Hyper market/ Super market
      • Specialty stores
      • Convenience stores
      • Online retailing

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