Hemp Gummies Market: Introduction
- Hemp gummies are made from hemp oil. This oil is made from compounds of hemp plants, which also includes CBD; however, they do not contain any tetrahydrocannabinol (THC). Hemp gummies also contain various type of vitamins, such as vitamins D, D3, and B12. This makes hemp gummies is one of the tastiest ways to have CBD and vitamins. Consumption of hemp gummies is likely to reduce pain in the body, improve digestives health, and also provides stress relief. They are available in various shapes and flavors such as pineapple, raspberry, watermelon, sweet and sour, etc. The market for hemp gummies is estimated to expand during the forecast period.
Key Drivers and Opportunities of the Global Hemp Gummies Market
- According to research conducted by the National Center for Biotechnology Information, over a 60 to 70 million in the U.S. suffer from digestive diseases. Digestive diseases are caused due to improper digestion, which leads to heartburn, lactose intolerance, irritable bowel syndrome, cancer, etc. Hemp gummies helps manage cortisol levels, which is beneficial for the digestive system. Therefore, it improves the digestion health in the body. These factors are projected to drive the demand for hemp gummies, globally, during the forecast period.
- Increase in anxiety, depression, and health issues due to excessive workload has led to an increase in stress among the youth and adults. Consequently, several people suffer from sleeping issues, mood swings, etc., and hemp gummies helps reduce stress, which in turn helps improve sleep and maintain a stable mood. This is projected to fuel the hemp gummies market
- Consumption of hemp gummies can provide better skin health and pain relief. Hemp gummies contains anti-microbial properties that help reduce wrinkles and fine lines. It also possesses anti-inflammatory properties, which help reduces pain in the body. These factors are estimated to propel the global hemp gummies market during the forecast period.
Restrain of the Global Hemp Gummies Market
- Stringent regulatory guidelines for cannabidiol products are a major hindrance to the market. Lack of awareness about the health benefits and negative perception among common people regarding hemp products are also restraining the global hemp gummies market.
North America to hold Major Share in the Global Hemp Gummies Market
- In terms of geography, the global hemp gummies market can be divided into North America, Europe, Asia Pacific, Middle & East Africa, and South America.
- North America is estimated to dominate the global hemp gummies market during the forecast period. According to Hemp Farming Act of 2018, the U.S. has legalized hemp plant farming in the country. The presence of numerous manufacturers and high awareness among the people related to health are expected to further contribute significantly to the demand for hemp gummies in the region during the forecast period.
Key Players Operating in Global Hemp Gummies Market
Major players operating in the global hemp gummies market includes:
- Lunchbox Alchemy
- Biota Biosciences
- Joy Organics
- Folium Bioscienes
- Forbes Health
- Bluebird Botanicals
- Isodiol International Inc.
- CV Science, Inc.
- Aurora Cannabis
- Hudson valley hemp
- Green Road
Global Hemp Gummies Market: Research Scope
Global Hemp Gummies Market, by Flavor
- Other (Peach, sweet and sour, etc.)
Global Hemp Gummies Market, by Price
Global Hemp Gummies Market, by Distribution Channel
- E- commerce Websites
- Company Owned Websites
- Hypermarket & Supermarket
- Specialty Stores
- Other Retail Stores
Global Hemp Gummies Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.