The Asia-Pacific market for CBD Gummies is projected to have a considerable CAGR of around 28.8% during the forecast period. The increased awareness of CBD’s gummies therapeutic benefits and cannabis legalization for medical and recreational purposes in the region are driving the growth of the CBD gummies market in the Asia-Pacific. The market of Asia-Pacific is growing due to the large population of countries such as China and India, which is increasing consumer demand for CBD gummies. The growing incidences of sleep disorders and epilepsy among the regional population and growing demand for effective treatment services are also driving the demand for CBD gummies. However, the lack of investments by companies due to lack of awareness about CBD gummies benefits in many industries is restraining the growth of the market in the region. Additionally, the complex regulatory approval structure of CBD gummies along with a reluctance to adopt advanced technologies in underdeveloped countries are also the factor impeding the market growth in the region. Further uncertainty in the availability of raw materials needs to manufacture end products are also decreasing the market demand.
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in May 2019, Elixinol Global Ltd a partnership with Cambrian Alliance (CA), one of the biggest buying groups for independent pharmacies in the UK. The collaboration gives CA members access to Elixinol brand products, an exclusive launch offer package, point of sale material, and staff training. In support of the partnership, Elixinol is developing an interactive training framework for CA members. This framework will assist members in explaining the various benefits of Elixinol products to their customers while also maximizing CBD revenue opportunities.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Concentration
- By Distribution Channel
- Competitive Landscape- Elixinol Global Ltd, CV science Inc, Reliva CBD Wellness, and Hemp Bombs.
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A full Report of Asia-Pacific CBD Gummies Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-cbd-gummies-market
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
Ø Deviation from the pre-COVID-19 forecast
Ø Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific CBD Gummies Market Report Segment
- By Concentration
- High Concentration
- Low Concentration
By Distribution Channel
- Online
- Offline
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
