The global CBD pouches market revenue was around US$ 133.8 million in 2022 and is estimated to reach US$ 721.8 million by 2032, growing at a compound annual growth rate (CAGR) of 18.9% during the forecast period from 2023 to 2032.
CBD pouches are small pre-portioned pouches or packages including cannabidiol (CBD). CBD is a non-intoxicating compound located in the cannabis plant and is known for its likely therapeutic benefits, including stress relief, relaxation, and pain management. CBD pouches generally include CBD-infused material like a blend of natural flavors, hemp-derived CBD, and sometimes other ingredients like terpenes. They are created to be convenient, discreet, and easy to utilize.
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Factors Influencing Market Growth
– The consumers are accepting CBD and are ready to try CBD-infused products and pouches. This growing acceptance has developed the potential consumer ground for CBD pouches, propelling the growth of the market.
– The availability of diverse product alternatives like CBD pouches allows to attract new customers and raise the demand in the CBD pouches market.
– The eco-friendly packaging materials or unique colors and shapes can attract consumers and communicate a sense of innovation and sustainability. These factors are expected to increase the CBD pouches market in the future.
Impact of COVID-19
The impact of the COVID-19 pandemic had a significant influence on the CBD pouches market. The pandemic showed shifts in consumer priorities and behavior. Some individuals decreased discretionary spending, leading to a drop in CBD product purchases.
However, the COVID-19 pandemic impacted regulatory timelines and priorities, possibly affecting the introduction of new CBD pouches or the development of the market into certain areas.
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In 2022, North America dominated the global CBD pouches market in terms of revenue. The CBD pouches industry in North America is growing rapidly because of a variety of factors. The rising public knowledge of the possible health benefits of CBD, together with the legalization of hemp-derived CBD products in multiple countries, has created a beneficial environment for regional market growth.
The leading prominent companies profiled in the global CBD pouches market are: –
– Metolius Hemp Company
– Canni Hemp Co.
– Cannadips CBD
– The Snus Brothers
– Nico’s Pouches
– Nicopods ehf
– Other prominent key players
The global CBD pouches market segmentation focuses on CBD Pouches Content, Type, Distribution Channel, and Region.
Segmentation based on CBD Pouches Content
– Up to 10mg
– 10mg – 20mg
Segmentation based on Type
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Segmentation based on Distribution Channel
Segmentation based on Region
– North America
– The U.S.
– Rest of Europe
– South Korea
– Rest Of Asia-Pacific
– Latin America
– Middle East
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
Key Questions Market Research and Analysis Report
What is the current market size, both in terms of value and volume?
What is the historical growth rate of the market, and what are the projected growth rates for the future?
Who are the major players in the market, and what is their market share?
What are the market trends and dynamics influencing the industry?
What are the key drivers of market growth?
What are the challenges and barriers faced by market participants?
What are the emerging opportunities in the market?
What is the competitive landscape of the market?
What are the consumer preferences, behaviors, and buying patterns within the market?
What is the market segmentation, and how are different market segments performing?
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(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)
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