The increasing popularity of CBD products, the rising incidence of depression, and the health benefits associated with CBD are the factors anticipated to drive the growth of the global CBD pouches market during the forecast period from 2023 to 2032. The North America region is expected to account for the major market share by 2032.

PORTLAND, Ore., Sept. 4, 2023 /PRNewswire/ — Allied Market Research has recently published a report, titled, “CBD Pouches Market by CBD Pouches Content (Up to 10mg, 10mg – 20mg, Others), by Type (Flavored, Unflavored), by Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global CBD pouches market generated $133.8 million in 2022, and is anticipated to generate $721.8 million by 2032, witnessing a CAGR of 18.9% from 2023 to 2032.

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Prime Determinants of Growth

The growing demand for CBD products and the rising awareness about the potential health benefits of CBD are predicted to be the important factors to boost the growth of the global CBD pouches market in the forecast timeframe. However, the product quality and safety concerns associated with CBD may hamper the CBD pouches market growth in the coming period. On the contrary, increasing R&D investments in the pharmaceutical sector is expected to offer growth opportunities for expansion of the CBD pouches market in the 2023-2032 forecast period.

Report Coverage & Details:

Impact of Covid-19 on CBD Pouches Market

• The outbreak of the COVID-19 pandemic has had a significant impact on the growth of the global CBD pouches market. The disruptions in the supply chains owing to travel restrictions, lockdowns, and other measures implemented to prevent the spread of the virus have adversely affected the market growth.
• On the contrary, many people turned to CBD products for stress relief and wellness support, which resulted in an increased demand for certain CBD items. CBD products gained popularity for their potential wellness benefits, and this trend positively impacted the CBD industry.

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CBD Pouches Content: 10mg to 20mg Sub-segment Held the Largest Market Share in 2022

The 10mg to 20 mg sub-segment accounted for the major share of 41.5% in the CBD pouches market in 2022 mainly because these pouches have emerged as a driving factor in the wellness and alternative medicine sector. Besides, the various benefits of using 10mg to 20mg pouches, such as its ability to lower stress levels, relax users, lower stress levels, promote sleep cycles, improve gut health, and safety is the factor predicted to boost the sub-segment’s growth by 2032.

Type: Flavored Sub-segment to be Highly Dominant During the Forecast Period

The flavored sub-segment generated the highest market share of 57.8% in 2022 and is predicted to continue to hold the majority of share by 2032. The growing popularity of flavored CBD pouches is due to the availability of a variety of satisfying flavors to cater to a wide range of taste preferences. Besides, companies are focused on offering new fruit tastes, such as citrus, strawberry, and mango to improve the sale of CBD pouches,

Distribution Channel: Offline Sub-segment to Witness Significant Growth by 2032

The offline sub-segment generated the highest market share of 54.6% in 2022. The growing legality and acceptability of cannabis products in numerous countries has created new opportunities for offline distribution. Besides, the offline channel provides a more tangible and personal buying experience, allowing customers to directly experience and inquiry about CBD pouches before purchasing.

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Region: North America Market to Hold Majority of Market Share by 2032

The North America region accounted for the highest share of 40.1% in the global CBD pouches market in 2022 and is expected to continue to maintain its dominance during the forecast period. Increased consumer awareness about the potential health benefits of CBD, along with changing regulatory landscapes, has paved the way for the widespread adoption of CBD pouches in the region. Additionally, the widespread availability of CBD pouches through different retail channels, such as offline stores and online platforms, has aided market expansion in the North America region.

Leading Players in the CBD Pouches Market:

• Nico’s Pouches
• Snushus.ch
• Cannadips CBD
• Canni Hemp Co.
• METOLIUS HEMP COMPANY
• Canndid
• SnusMe.eu
• Nicopods ehf
• The Snus Brothers (SnusMe.eu)
• SNUSSIE.COM

The report provides a detailed analysis of the key players of the global CBD pouches market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of CBD pouches market players to showcase the competitive scenario.

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The “Global Cannabis Market Size By Product, By Compound-Type, By Application, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Cannabis Market, including its growth prospects, market trends, and market challenges

JERSEY CITY, N.J., July 17, 2023 /PRNewswire/ — The Global Cannabis Market is projected to grow at a CAGR of 30.00% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 21.32 Billion in 2021 and is expected to reach USD 226.09 Billion by the end of the forecast period.

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Browse in-depth TOC on “Cannabis Market“

202 – Pages
126 – Tables
37 – Figures

Cannabis Market Thrives Amid Growing Legalization and Medical Awareness

The global Cannabis Market is witnessing remarkable growth, driven by increasing acceptance and legalization of cannabis across various regions. This flourishing industry presents numerous opportunities and regulatory challenges for key players. Financial statements, product benchmarking, and SWOT analysis, along with key development strategies, are crucial factors impacting market dynamics.

The term “cannabis” encompasses a genus of flowering plants within the Cannabaceae family, comprising approximately 170 plant species. Cannabis Indica, Cannabis Sativa, and Cannabis Ruderalis are the most prevalent species, with Cannabis sativa L. known as hemp, and its psychoactive counterpart being marijuana. Both hemp and marijuana belong to the same species.

The expanding legalization of cannabis is a significant driver behind the growth of the Cannabis Market. This increased acceptance has allowed for safe usage, unlocking the plant’s medical potential. Consequently, numerous countries around the world are progressively legalizing cannabis, although recreational use is not yet universally legalized. Attitudes toward cannabis have become more permissive over time, creating an environment conducive to market expansion.

The rising awareness of marijuana’s medical characteristics, particularly its potential to treat epilepsy, Alzheimer’s disease, arthritis, anorexia, chronic pain, and other medical conditions, is expected to propel the market’s growth further. As a result, emerging cannabis startups are actively engaging in research and development, testing, and manufacturing to contribute to the market’s expansion.

Leading the charge in this thriving industry are prominent key players such as Aurora Cannabis Inc., Aphria Inc., Canopy Growth Corporation, Chronos Group Inc., Vivo Cannabis Inc., Terra Tech Corp., Medmen, Stenocare, Tikun Olam, and Medical Marijuana, Inc. These companies are actively shaping the Cannabis Market through strategic initiatives, product innovation, and market penetration.

The Cannabis Market’s exponential growth is not without its challenges, primarily stemming from the complex regulatory landscape. Companies engaged in the sale of cannabis and cannabis-infused products must navigate diverse regulatory frameworks across the globe. Complying with stringent requirements governing manufacturing and sales in different nations poses considerable challenges for manufacturers and stakeholders. The variations in cannabis laws from one country to another further impede the market’s growth potential.

The global Cannabis Market continues to thrive due to increasing acceptance and legalization in various regions. As awareness of cannabis’s medical properties grows, so does the demand for related products and services. Key players, such as Aurora Cannabis Inc., Aphria Inc., Canopy Growth Corporation, and others, play a vital role in driving the market’s growth through their strategic initiatives and innovative products.

However, navigating the complex regulatory landscape remains a key challenge for industry stakeholders. Striking a balance between growth and adherence to stringent regulations is crucial for sustainable development in the global Cannabis Market.

To get market data, market insights, financial statements and a comprehensive analysis of the Global Cannabis Market, please Contact Verified Market Research®.

Based on the research, Verified Market Research® has segmented the global Cannabis Market into Product, Compound-Type, Application, And Geography.

• Cannabis Market, by Product
• Flower
• Concentrates
• Others
• Cannabis Market, by Compound-Type
• Tetrahydrocannabinol (THC)
• Cannabidiol (CBD)
• Balanced THC & CBD
• Cannabis Market, by Application
• Medical
• Recreational
• Cannabis Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

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Medical Marijuana Market By Species (Cannabis Indica, Sativa), By Derivatives (Cannabidiol (CBD), Tetrahydrocannabinol (THC)), By End-Use (Pharmaceutical Industry, Research And Development Centres), By Method of Administration (Smoking, Vaporizers), By Geography, And Forecast

Cannabis Oil Market By Type (Organic Type, Non-organic Type), By Application (Recreational, Medical), By Distribution Channel (Indirect, Direct), By Geography, And Forecast

Medical Cannabis Market By Species (Cannabis Indica, Sativa, Hybrid), By Application (Research And Development Centers, Pharmaceutical), By Geography, And Forecast

Best Cannabidiol Oil Manufacturers offering treatment for various medical issues

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