The cannabigerol (cbg) gummies global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cannabigerol (CBG) Gummies Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cannabigerol (CBG) gummies market size has grown exponentially in recent years. It will grow from $1.40 billion in 2023 to $2.03 billion in 2024 at a compound annual growth rate (CAGR) of 45.4%. The growth in the historic period can be attributed to the legalization of cannabis, consumer awareness, product innovation, and distribution channels.
The cannabigerol (CBG) gummies market size is expected to see exponential growth in the next few years. It will grow to $9.11 billion in 2028 at a compound annual growth rate (CAGR) of 45.6%. The growth in the forecast period can be attributed to the regulatory environment, health and wellness trends, market competition, and research and development. Major trends in the forecast period include customization and personalization, premiumization, transparency and traceability, and diversification of distribution channels.
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Scope Of Cannabigerol (CBG) Gummies MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cannabigerol (CBG) Gummies Market Overview
Market Drivers –
The increased prevalence of anxiety is expected to propel the growth of the cannabigerol (CBG) gummies market. Anxiety is a psychological condition characterized by excessive worry, fear, and nervousness, often accompanied by physical symptoms such as palpitations and sweating. The prevalence of anxiety is increasing due to stress, trauma, genetics, and environmental influences. Cannabigerol (CBG) gummies are purportedly used for anxiety due to CBG’s potential to interact with the endocannabinoid system, influencing neurotransmitter activity and potentially promoting relaxation and stress relief. For instance, in February 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, among Australian adults aged 16 to 85, an estimated 2,261,100 males (23% of the population) and 3,429,300 females (34% of the population) have experienced any anxiety disorder at some point in their lives. Therefore, the increased prevalence of anxiety is expected to propel the growth of the cannabigerol (CBG) gummies market.
Market Trends –
Major companies operating in the cannabigerol (CBG) gummies market are developing innovative products, such as gummies with natural ingredients, to cater to the growing demand for wellness-focused cannabinoid products. Gummies with natural ingredients are products made using organic and plant-based components, ensuring a wholesome and pure consumption experience. For instance, in November 2023, Rare Cannabinoid Company, a health and wellness company, launched THC + CBG Relief Gummies, a unique blend of Delta-9-THC, CBG, and CBD designed to support physical well-being naturally. These gummies combine the best THC Gummies and CBG Gummies, complemented by the benefits of CBD. Each delicious green apple-flavored gummy contains 2.5mg of Delta-9-THC, 30mg of CBG, and 10mg of CBD. With 30 gummies per bottle, it offers a convenient and enjoyable way to explore the potential benefits of these cannabinoids.
The cannabigerol (CBG) gummies market covered in this report is segmented –
1) By Category: Cannabidiol (CBD) Edibles, Cannabigerol (CBG) And Cannabinol (CBN)
2) By Flavour: Raspberry Juice, Strawberry Juice, Cherry Juice, Strawberry Puree, Raspberry Powder, Other Flavours
3) By Form: Hard Candy, Soft Candy
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Regional Insights –
North America was the largest region in the cannabigerol (CBG) gummies market in 2023. The regions covered in the cannabigerol (CBG) gummies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cannabigerol (CBG) gummies market are Curaleaf Holding Inc., The Cronos Group, Charlotte’s Web Holdings Inc., Hemptown USA Inc., Green Roads LLC, Lazarus Naturals Inc., Medterra CBD LLC, ENDOCA, Extract Labs, NuLeaf Naturals LLC, Isodiol International Inc., CBDistillery, Elixinol Wellness Ltd., Joy Organics, CBD American Shaman, Steves Goods, Incredibles Edibles, Vida Optima LLC, CannaCare Health GmbH, FAB Nutrition LLC (dba FAB CBD), Demetrix Inc., Rare Cannabinod Company, Sunday Scaries, CanniLabs
Table of Contents
1. Executive Summary2. Cannabigerol (CBG) Gummies Market Report Structure3. Cannabigerol (CBG) Gummies Market Trends And Strategies4. Cannabigerol (CBG) Gummies Market – Macro Economic Scenario5. Cannabigerol (CBG) Gummies Market Size And Growth…..27. Cannabigerol (CBG) Gummies Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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