The CBD-infused Products Market is expected to reach a value of $216.8 billion by 2028, at a CAGR of 45.6% during the forecast period 2021-2028.
The growth of CBD infused products market is mainly attributed to the rising demand and increasing legalization of cannabis, growing application of cannabis in cancer, and health benefits offered by cannabis-infused products. In addition, the usage of cannabis in pet food and the increasing demand for cannabis-infused drinks provides significant opportunities for manufacturers of CBD-infused products. However, the high cost associated with cannabidiol and stringent government regulations against cannabis in certain countries hinders the growth of this market.
Here are the top 10 companies operating in CBD-infused Products Market
Canopy Growth Corporation
Canopy Growth is engaged in producing, distributing, and selling cannabis for recreational and medical purposes. The company operates through two segments, namely, Global Cannabis and Other Consumer Products. The company’s products include dried flowers, hemp, vape pens and cartridges, THC and CBD-infused beverages, and edibles. It offers its products under the brands, such as Tweed, Quatreau, Deep Space, Spectrum Therapeutics, First & Free, TWD, This Works, BioSteel, DNA Genetics CraftGrow, Tokyo Smoke, DOJA, Van der Pop, and Bean & Bud brands. As of February 14, 2020, it operated 28 cannabis retail stores under Tweed or Tokyo Smoke.
The company has its geographic presence in Canada, the U.S., Germany, and the U.K., with developing opportunity markets in Australia, Denmark, Peru, and Brazil.
Aurora Cannabis, Inc.
Aurora Cannabis is engaged in various segments of the cannabis value chain, from facility engineering and design to cannabis breeding, genetics research, production, derivatives, high value-add product development, home cultivation, wholesale, and retail distribution. The company operates through two business segments, namely, Cannabis and Horizontally Integrated Businesses. Aurora Cannabis provides a wide range of premium quality cannabis and hemp products and services, develops innovative technologies, promotes cannabis consumer health and wellness, and delivers an exceptional customer experience across all its brands. The company’s products consist of dried cannabis and cannabis oil, CanniMed vegan capsules, hemp products, and sells vaporizers, consumable vaporizer accessories, and herb mills for using herbal cannabis products.
The company has its geographic presence in North America, Europe, Asia-Pacific, and the Rest of the World.
Docklight Brands, Inc.
Founded in 2015 and headquartered in Washington, the U.S., Docklight Brands is a pioneering consumer brand company focused on hemp-derived cannabinoid-infused products. The company offers a portfolio of CBD-infused beverages, chocolates, and skincare products in the brands, such as Marley, Goodship, Irisa, Barely Regal, Hearsay, Bloody Mary Jane, Ozetta, and Almost Cheating.
The company has its geographic presence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Founded in 2013 and headquartered in Ontario, Canada, Maricann is one of Canada`s oldest licensed producers of cannabis. Since April 2020, it is a certified vertically integrated cannabis cultivator and producer. Mericann offers medical and non-medical cannabis for cannabis patients and consumers in Canada and internationally. In addition, the company offers dried flowers and cannabis oil through the Northern Harvest, Kiwi, and Jenn’Stash brands.
The company has its geographic presence in North America, Europe, and Australia.
Tilray is engaged in the research, cultivation, processing, and distribution of medical cannabis. The company is a GMP-certified medical cannabis producer to supply cannabis flower and extract products to patients, physicians, pharmacies, hospitals, governments, and researchers. The company operates through two business segments, namely, Cannabis and Hemp. The company cultivates a wide range of strains to meet patient needs, including indicas, sativas, hybrids, and CBD-rich varieties. In addition, the company provides medical cannabis in two primary forms: extracts and dried flowers.
In May 2021, Tilray Inc. & Aphria Inc. announced the closing of their merger, creating New Tilray.
A report into the projected growth of the current CBD-infused Products Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2028, it’s expected to have grown at a CAGR of 45.6%, reaching over $216.8 billion.
GW Pharmaceuticals focuses on discovering, developing, and commercializing novel therapeutics from its proprietary cannabinoid product platform. The company’s leading cannabinoid product is Epidiolex, a liquid formulation of pure plant-derived cannabidiol (CBD). In addition, the company offers Sativex (nabiximols), which is indicated for the treatment of spasticity due to multiple sclerosis (MS). The company is also focused on developing its pharmaceutical product pipelines, including Epidiolex, to treat Tuberous Sclerosis Complex and RETT syndrome. In addition, it develops various products for the treatment of schizophrenia, autism spectrum disorder, and neonatal hypoxic-ischemic encephalopathy.
The company has its geographic presence in North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa.
VIVO Cannabis, Inc.
VIVO Cannabis is engaged in the production and sale of medical and recreational cannabis and the provision of cannabis-related medical information and services in Canada. The company was formerly known as ABcann Global Corporation. The company provides the highest quality cannabis products and services. It operates through two business segments, namely, Cannabis and Patient Clinics. The company’s portfolio includes the following brands: Beacon Medical, Fireside Cannabis, Lumina Wellness, Canna Farms Ltd., and Harvest Medicine.
The company has its primary presence in Canada.
Cresco Labs is engaged in cultivating medical-grade cannabis, manufacturing medical products derived from cannabis cultivation, and distributing such products to medical or adult-use consumers. The company is a processor and retailer of cannabis products with operations in six states, including Illinois, Ohio, Pennsylvania, Nevada, California, and Arizona. It also distributes its cannabis products to dispensaries.
The company has a primary presence in North America.
Tauriga Sciences, Inc.
Tauriga produces and sells cannabidiol-infused chewing gum under the Tauri-Gum brand. It also develops anti-nausea products. The company sells its products through e-commerce, distributors, and wholesale channels. In December 2019, the company announced that it completed the initial production run (thereby expanding its existing product lines) by introducing a 25 mg vegan CBD isolate infused vegan gummy gumdrop), branded under Tauri-Gummies. In addition, on March 11, 2019, the company announced the official launch of its E-Commerce site – as part of its Tauri-Gum commercialization strategy.
The company has a primary presence in North America.
MariMed is engaged in the design, development, operation, management, and optimization of medical cannabis cultivation, production, and dispensary facilities. It also develops and manages facilities for the cultivation, production, and dispensing of medicinal and recreational cannabis and cannabis-infused products under the Kalm Fusion, Betty’s Eddies, Florance, and Nature’s Heritage brand name.
The company has a primary presence in North America. As of December 2020, the company had a headcount of 233 employees globally.
Popular Mentions: CV Sciences, Inc., Puration, Inc., Kona Gold Solutions, Inc., Bhang Inc., DT Brands & Co (N.I.) Ltd., Forest Coffee Trading Co., L8 Life, Inc., Honeydrop Beverages, Inc., and Elixinol Global Limited
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Authoritative Research on the CBD-infused Products Market – Global Opportunity Analysis and Industry Forecast (2021-2028)
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