"Executive Summary Cannabis Infused Products Market Size and Share Forecast

Data Bridge Market Research analyses that the cannabis infused products market which was USD 29.68 billion in 2022, would rocket up to USD 150.51 billion by 2030, and is expected to undergo a CAGR of 22.5% during the forecast period 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

The Cannabis Infused Products report also makes available CAGR value fluctuation during the forecast period of 2018-2025 for the market. The Cannabis Infused Products report also brings into light factors like growth opportunity assessment (GOA), customer insights (CI), competitive business intelligence (CBI), and distribution channel assessment (DCA). The competitive landscape highlights the strategic profiling of key players in the market, comprehensively analyzing their core competencies and strategies. The report endows with the key statistics on the market status of global and regional manufacturers and hence works as an important source of guidance and direction for companies and individuals interested in the industry.

Cannabis Infused Products Market report is a great source of the best market and business solutions for Cannabis Infused Products Market industry in this rapidly changing market place. This can be elucidated more explicitly in terms of breakdown of data by manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks and entry barriers, sales channels, and distributors. The key research methodology that has been utilised here by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.

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Cannabis Infused Products Market Review

Segments

- Based on product type, the global cannabis-infused products market can be segmented into food, beverages, topicals, and concentrates. The food segment is expected to dominate the market due to the increasing demand for cannabis-infused edibles such as chocolates, gummies, and baked goods. Beverages are also gaining popularity, especially with the introduction of cannabis-infused drinks like teas, coffees, and sodas. Topicals, including lotions, balms, and creams, are widely used for medicinal purposes like pain relief and skincare. Concentrates, such as oils and tinctures, are preferred by consumers looking for potent and fast-acting products.

- By distribution channel, the market is segmented into online retail and offline retail. Online retail is experiencing significant growth as more consumers prefer the convenience of purchasing cannabis products online. Offline retail, including dispensaries and specialty stores, remains a crucial distribution channel, especially for consumers seeking personalized recommendations from knowledgeable staff.

- On the basis of end-use, the market can be segmented into medical and recreational. The medical segment is anticipated to witness substantial growth due to the increasing acceptance of cannabis for therapeutic purposes. Recreational use is also on the rise, driven by the legalization of cannabis in several regions and the growing social acceptance of recreational consumption.

Market Players

- Canopy Growth Corporation
- Aurora Cannabis
- Tilray
- Aphria Inc.
- Cronos Group
- GW Pharmaceuticals
- The Valens Company
- Curaleaf Holdings
- Harvest Health & Recreation Inc.
- HEXO Corp.

The global cannabis-infused products market is witnessing significant growth, driven by increasing legalization and acceptance of cannabis for both medical and recreational purposes. As the market continues to evolve, key players such as Canopy Growth Corporation, Aurora Cannabis, and Tilray are at the forefront of innovation and product development. These companies are investing in research and development to create new and innovative cannabis-infused products to meet the diverse needs of consumers worldwide. With the market expected to expand further in the coming years, strategic partnerships, mergers, and acquisitions are likely to shape the competitive landscape of the global cannabis-infused products market.

The global cannabis-infused products market is poised for continued growth as the demand for both medical and recreational cannabis products rises. One key trend that is likely to shape the market is the increasing diversification of product offerings to cater to a wider range of consumer preferences. Companies such as Canopy Growth Corporation and Aurora Cannabis are focusing on developing innovative cannabis-infused products beyond the traditional edibles and beverages, including items such as skincare products, pet supplements, and wellness items. This diversification is aimed at appealing to a broader consumer base and tapping into new market segments.

Another significant trend in the cannabis-infused products market is the emphasis on quality and safety. With regulatory standards varying across different regions, consumers are becoming more conscious about the source and quality of cannabis used in the products they consume. Companies like GW Pharmaceuticals and The Valens Company are investing heavily in research and development to ensure consistent quality and potency in their products. This focus on quality control and adherence to regulatory requirements is crucial in building consumer trust and loyalty in a rapidly evolving market.

Moreover, the market is witnessing an increasing focus on sustainability and environmental responsibility. Companies such as Cronos Group and Curaleaf Holdings are exploring sustainable cultivation practices, packaging solutions, and waste management strategies to minimize the environmental impact of cannabis production. As consumers become more environmentally conscious, sustainability practices are becoming a key differentiator for companies competing in the cannabis-infused products market.

In terms of distribution, the online retail segment is expected to continue its rapid growth trajectory, driven by the convenience and accessibility it offers to consumers. Companies are investing in user-friendly e-commerce platforms and digital marketing strategies to enhance their online presence and reach a broader audience. However, offline retail channels, such as dispensaries and specialty stores, remain an important part of the market, particularly for consumers seeking personalized recommendations and a hands-on shopping experience.

Looking ahead, the global cannabis-infused products market is likely to see increased investment in research and development, product innovation, and market expansion. Strategic partnerships and collaborations between industry players, as seen in recent mergers and acquisitions, will be crucial in driving growth and enhancing market competitiveness. Overall, the cannabis-infused products market presents lucrative opportunities for companies willing to invest in innovation, quality, sustainability, and regulatory compliance to meet the evolving needs of consumers in a dynamic market landscape.The global cannabis-infused products market is evolving rapidly, driven by the shifting landscape of legalization and increasing consumer acceptance of cannabis for medical and recreational purposes. One notable trend in the market is the diversification of product offerings to cater to a wider range of consumer preferences. Companies like Canopy Growth Corporation and Aurora Cannabis are not only focusing on traditional edibles and beverages but are also expanding into skincare products, pet supplements, and wellness items. This strategic move to diversify product lines aims to capture a broader consumer base and explore new market segments, indicating a shift towards a more holistic approach to cannabis-infused products.

Quality and safety are becoming paramount in the cannabis-infused products market as consumers become more discerning about the source and standards of cannabis used in products. Companies such as GW Pharmaceuticals and The Valens Company are investing heavily in research and development to ensure consistent quality, potency, and compliance with regulatory requirements. By prioritizing quality control measures, these companies aim to build consumer trust and loyalty, crucial in a market where transparency and safety are becoming increasingly important factors influencing purchasing decisions.

Sustainability and environmental responsibility are emerging as significant considerations for companies operating in the cannabis-infused products market. Players like Cronos Group and Curaleaf Holdings are exploring sustainable cultivation practices, innovative packaging solutions, and efficient waste management strategies to minimize the ecological footprint of cannabis production. As consumers become more environmentally conscious, sustainable practices are not only a competitive advantage but also a key driver of brand loyalty and consumer preference in a market where ethics and sustainability are gaining prominence.

In terms of distribution channels, online retail is expected to continue its rapid growth trajectory due to its convenience and accessibility. Companies are investing in robust e-commerce platforms and digital marketing strategies to enhance their online presence and reach a wider audience. However, offline retail channels such as dispensaries and specialty stores remain vital for consumers seeking personalized recommendations and a hands-on shopping experience. As the market continues to expand, a balanced approach to distribution strategies that caters to both online and offline consumers will be crucial for companies to maintain a competitive edge and meet the diverse needs of the market.

Looking ahead, the global cannabis-infused products market is poised for further growth, with increased investments in research and development, innovative product development, and market expansion. Collaborations and partnerships between industry players will play a significant role in driving growth and enhancing market competitiveness. Embracing innovation, prioritizing quality and safety standards, adopting sustainable practices, and leveraging diverse distribution channels will be key strategies for companies seeking to capitalize on the lucrative opportunities presented by the dynamic cannabis-infused products market.

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Structured Market Research Questions for Cannabis Infused Products Market

• What is the present size of the global Cannabis Infused Products industry?
• What annual growth rate is projected for the Cannabis Infused Products sector?
• What are the main segment divisions in the Cannabis Infused Products Market report?
• Who are the established players in the global Cannabis Infused Products Market?
• What geographic areas are explored in the Cannabis Infused Products Market report?
• Who are the leading manufacturers and service providers for Cannabis Infused Products Market?

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