Global Cannabigerol (CBG) Gummies Market Size Forecast 2024 - 2033
19 Dec, 2024
What Is The Scope Of The Global Cannabigerol (CBG) Gummies Market?
Cannabigerol (CBG) gummies refer to edible products infused with cannabigerol, a cannabinoid found in the cannabis plant. CBG gummies typically contain a specific dosage of CBG extract and other ingredients to create a tasty and convenient way to consume CBG. These gummies are popular among individuals seeking potential health benefits associated with CBG, such as anti-inflammatory, neuroprotective, and mood-regulating properties.
Cannabigerol (CBG) Gummies Global Market Report 2024 provides data on the global cannabigerol (cbg) gummies market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Cannabigerol (CBG) Gummies market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Cannabigerol (CBG) Gummies?
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.
What Are The Leading Drivers Of Growth In The Cannabigerol (CBG) Gummies Market?
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.
Get Your Free Sample of the Global Cannabigerol (CBG) Gummies Market ReportHow Are The Segments Defined Within The Global Cannabigerol (CBG) Gummies Market?
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
How Are New Trends Expected To Influence The Growth Of The Cannabigerol (CBG) Gummies Market?
Companies in the cannabigerol (CBG) gummies market are developing innovative products, such as gummies made from natural ingredients, to meet the increasing demand for wellness-oriented cannabinoid products. Gummies with natural ingredients are crafted from organic and plant-based components, ensuring a pure consumption experience. For instance, in November 2023, Rare Cannabinoid Company, a health and wellness firm, launched THC + CBG Relief Gummies, featuring a blend of Delta-9-THC, CBG, and CBD designed to support natural physical well-being. These gummies combine THC and CBG benefits with CBD, providing a green apple-flavored option with 2.5mg of Delta-9-THC, 30mg of CBG, and 10mg of CBD per gummy, in a bottle of 30.
Which Region Drives The Highest Growth In The Cannabigerol (CBG) Gummies Market?
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.