The Business Research Company’s report on the Cannabis-Infused Products Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the cannabis-infused products industry?
The growth of e-commerce is expected to propel the growth of the cannabis-infused products market going forward. E-commerce is the buying and selling of goods and services over the internet, enabling transactions through online platforms and digital payment systems. E-commerce is rising due to increasing internet penetration, shifting consumer preferences for online shopping, and advancements in digital payment solutions, making it more convenient and accessible. Cannabis-infused products are helping e-commerce by tapping into the growing demand for wellness and alternative health solutions, offering a wide range of products that can be easily accessed, purchased, and delivered through online platforms. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, U.S. retail e-commerce sales reached $289.2 billion in the first quarter of 2024, marking a 2.1 percent (±0.7%) increase from the fourth quarter of 2023. Therefore, the growth of e-commerce is driving the growth of the cannabis-infused products market.
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What is the estimated market size of the cannabis-infused products sector by 2029, based on current forecasts?
The cannabis-infused products market size has grown exponentially in recent years. It will grow from $27.37 billion in 2024 to $33.85 billion in 2025 at a compound annual growth rate (CAGR) of 23.7%. The growth in the historic period can be attributed to increasing legalization, growing consumer awareness, a rise in medical cannabis applications, innovation in product formulations, and expanding distribution channels.
The cannabis-infused products market size is expected to see exponential growth in the next few years. It will grow to $78.51 billion in 2029 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to ongoing legalization trends, rising demand for wellness products, increasing investment in research and development, growing acceptance of CBD products, and expansion of e-commerce platforms. Major trends in the forecast period include nanotechnology for better absorption, advanced extraction techniques, the development of cannabis-based beverages, AI-driven product innovation, and blockchain for supply chain transparency.
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Who are the top players in the cannabis-infused products market?
Major companies operating in the cannabis-infused products market are Curaleaf Holdings Inc., Trulieve Cannabis Corp., Green Thumb Industries Inc., Cresco Labs Inc., Tilray Inc., Columbia Care Inc., Canopy Growth Corporation, MedMen Enterprises Inc., Aurora Cannabis Inc., Eaze Inc., Pax Labs, Flow Kana Inc., Kiva Brands Inc., Charlotte’s Web Holdings Inc., Vireo Health International Inc., The Green Organic Dutchman Holdings Ltd., Indus Holdings Inc., THC Design Inc., Herbivore Botanicals, Baked Bros LLC, Vitality CBD Ltd.
What are the major trends in the cannabis-infused products market?
Major companies operating in the cannabis-infused products market are focusing on innovative technologies such as SoRSE emulsion technology to enhance the bioavailability and taste of cannabis-infused beverages and edibles, providing a more consistent and enjoyable consumer experience. SoRSE emulsion technology is a patented water-soluble emulsion platform designed to enhance the bioavailability, stability, and sensory experience of cannabis and other functional ingredients in consumable products. For instance, in January 2024, Aurora Cannabis Inc., a Canada-based cannabis company, launched its new line of cannabis-infused beverages, including Neon Rush, Strawberry Pineapple Tropical Fizz, and Pineapple Coconut Fizz. This product combines precise dosage control with the convenience of a beverage, allowing consumers to experience consistent effects in an easy-to-consume form. It utilizes advanced SoRSE emulsion technology, which ensures better bioavailability of cannabinoids, leading to faster onset times and more predictable effects. The beverage also emphasizes a smooth, pleasant taste that masks the natural bitterness of cannabis, catering to both seasoned users and newcomers.
Which geography holds the highest cannabis-infused products market share?
North America was the largest region in the cannabis-infused products market in 2024. The regions covered in the cannabis-infused products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the cannabis-infused products market?
The cannabis-infused products market covered in this report is segmented –
1) By Product: Skincare, Cosmetics, Haircare, Intimate Lubricants, Gummies
2) By Source: Hemp, Marijuana
3) By Distribution Channel: B2B, B2C
4) By End User: Medical, Personal Use, Pharmaceuticals, Wellness
Subsegments:
1) By Skincare: CBD-Infused Lotions, Cannabis-Infused Face Serums, Hemp-Infused Moisturizers
2) By Cosmetics: Cannabis-Infused Foundations, CBD-Infused Lip Balms, Hemp-Infused Mascaras
3) By Haircare: CBD-Infused Shampoos, Cannabis-Infused Conditioners, Hemp-Infused Hair Oils
4) By Intimate Lubricants: CBD-Infused Lubricants, THC-Infused Lubricants, Hybrid Cannabis Lubricants
5) By Gummies: CBD Gummies, THC Gummies, Full-Spectrum Cannabis Gummies
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How is the cannabis-infused products market defined?
Cannabis-infused products are defined as items that contain cannabis or cannabis extracts and are intended for human use. These products are designed for consumption or application in various forms and are used for recreational or wellness purposes, including edibles, topicals, beverages, and inhalable formats. They are often marketed for their potential therapeutic benefits, such as pain relief, relaxation, and improved sleep quality.
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