Growing Awareness Regarding Health Benefits of CBD to Drive CBD Gummies Market [ynWfOdW5QIi]

Growing Awareness Regarding Health Benefits of CBD to Drive CBD Gummies Market [ynWfOdW5QIi]

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According to our latest market study, titled "CBD Gummies Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Category (Sugar-Free and Conventional) and Distribution Channel (Specialty Stores, Online Retail, and Others)," the market was valued at US$ 2,133.48 million in 2021 and is projected to reach US$ 12,182.21 million by 2028. It is expected to grow at a CAGR of 28.3% from 2021 to 2028. Get Sample PDF- Cannabidiol (CBD) is one of the active ingredients found in cannabis. It is either extracted directly from the hemp plant or synthesized in laboratories. Hemp-derived CBD not having more than 0.3% THC has been legalized at the federal level in the US. CBD helps in reducing pain, anxiety, and stress. It has analgesic and anti-inflammatory properties that help in reducing muscle pain. CBD oil is used in a variety of products. CBD gummies are infused with a measured quantity of CBD oil and are one of the most accessible forms of CBD available for consumption in the market. The rising awareness regarding the health advantages of CBD-infused products is expected to boost the growth of the CBD gummies market. Moreover, the increasing availability of a wide range of products across different retail channels is projected to drive the CBD gummies market during the forecast period. CBD is becoming popular among fitness enthusiasts, athletes, and sportspersons, as it helps in relieving performance-related stress and anxiety. Moreover, it also reduces muscle pain due to its analgesic effects. Celebrities are widely consuming CBD gummies as they help in improving their sleep. Thus, the growing adoption of CBD gummies by sports personalities and celebrities is driving the CBD gummies market. According to the 2019 Gallup Poll, 14% of the US consumers surveyed used CBD products, and 64% of them were familiar with CBD. CBD gummies resemble conventional gummies in terms of appearance and flavor. Moreover, they do not have a strong plant flavor like CBD oil. CBD gummies are one of the most readily available CBD products in various supermarkets and hypermarkets, drug stores, and pharmacies across the US. Due to their health benefits, the growing preference for CBD gummies is projected to drive the CBD gummies market during the forecast period.