Cannabis Infused Products Market research report displays key data and information about several factors which helps achieve success in the competitive marketplace. Summary of the market is analysed with respect to market players who are mainly customers, businesses or clients. SWOT analysis is the standard, prominent and full-proof method to perform the market research study which is used to formulate this particular Cannabis Infused Products Market report. To be ahead of the competition, a systematic idea about the competitive landscape, their product range, their strategies, and future prospects are very important. Market risks and entry barriers makes Healthcare industry aware and help deciding further moves.
The cannabis infused products market is expected to witness significant growth during the forecast period of 2023-2030. The increasing number of scientific trials of cannabis-infused medications for various therapeutic areas, particularly cannabidiol use, is driving market growth. Furthermore, the narrative among physicians about the benefits of cannabis-infused medicines, as well as supporting clinical evidence, is leading to an increase in patient prescriptions for cannabis-infused medicines.
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.
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Cannabis infused products is another name for medicinal marijuana (MMJ). The use of cannabis as medicine has not received extensive research because of production and political restrictions. A family of flowering plants called cannabaceae includes the species cannabis. Three varieties of cannabis—cannabis sativa, cannabis indica, and cannabis ruderalis—can be distinguished.
Cannabis Infused Products Market Dynamics
Drivers
- Use in various disorders
Cannabis is increasingly recognized as an effective treatment for many conditions, including nausea and vomiting brought by chemotherapy, restlessness, muscle tightness, and chronic discomfort. The bulk of firms are moving forward quickly with their investigations into the therapeutic potential of hemp and cannabis.
- Cannabinol and Tetrahydrocannabinol-modified edibles
CBD and THC-infused edibles are becoming increasingly popular in all legal states. Furthermore, customers and investors are becoming more interested in infused beverages. The complex administrative process for cannabis acceptance can stymie industry growth. The therapeutic properties of cannabis and the ongoing legalization of cannabis capsules will serve as opportunities for market expansion.
- Increasing legalization of cannabis
The majority of cannabis users in American states and provinces that have legalized the drug are over 50. It is expected that this demographic will lead to a rise in cannabis demand in the nation due to a higher likelihood of chronic diseases. After the age of 50 and cannabis' efficacy in treating these disorders, cannabis's popularity and demand are expected to rise in the future, due to continuous research and product standardization for medicinal uses.
Some of the major players operating in the cannabis infused products market are:
- Joy Organics (U.S.)
- CBD istillery (U.S.)
- Gaia Botanicals (U.S.)
- Harmony (U.S.)
- Floyd’s of Leadville (U.S.)
- Lazarus Naturals (U.S.)
- cbdMD (U.S.)
- Pure Hemp Botanicals (U.S.)
- ENDOCA(Netherlands)
- Green Roads (U.S.)
- Tilray (U.S.)
- Canopy Growth Corp. (Canada)
- GW Pharmaceuticals PLC (U.K.)
- Aurora Cannabis (Canada)
- Aphria Inc. (Canada)
- CV sciences Inc. (U.S.)
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Global Cannabis Infused Products Market Scope
The cannabis infused products market is segmented on the basis of product, source, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Skincare
- Cosmetics
- Haircare
- Intimate Lubricants
- Pharmaceuticals
- Gummies
- Pills
- Infused Beverages
- Other
Source
- Hemp
- Marijuana
Distribution Channel
- B2B
- B2C
End User
- Medical
- Personal Use
- Pharmaceuticals
- Wellness
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Some Of The Important Questions Covered In This Study Are As Follows:
- What Are The Prominent Growth Factors That Will Harness Growth For The Cannabis Infused Products Market During The Forecast Period?
- Which End-Use Industry Will Garner Considerable Growth for the Cannabis Infused Products Market?
- Which Region Will Emerge As A Champion Growth-Contributor During The Assessment Period?
- What Are the Obstacles Surrounding the Market?
- Study the growth outlook of the Cannabis Infused Products Market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use on the Cannabis Infused Products Market growth.
- Investigate the recent RD projects performed by each Cannabis Infused Products Market player
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