The European market for CBD Gummies is projected to have a considerable CAGR of around 27.4% during the forecast period. The adoption of CBD-infused products in industries such as pharmaceuticals, nutraceuticals, and medical applications is driving the growth of the CBD gummies market in Europe. The legalization of medical cannabis, as well as decriminalization in European countries, has resulted in a significant decrease in black-market activity, as people shift to legally purchasing cannabis for both medical and recreational purposes. The food and beverage industry is also gaining from the CBD gummies trend as CBD is always effective in giving potential health benefits, therefore its increasing applications in the food and beverage industry will be driving the growth of the market. Moreover, the increased number of millennials are preferring more of these gummies due to factors such as increased dispositional income, busy lifestyle, increased awareness regarding preventive care, and maintaining better health. An increase in the production of exotic flavors such as cola, cherries, peaches are expected to create a significant opportunity to boost the European CBD gummies market. However, fluctuations taking place in the availability of raw materials and the side effects associated with the overdose of CBD gummies are the factors restraining the overall growth of the European CBD gummies market.
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The European CBD Gummies market is segment is based on the concentration and distribution channel. Based on concentration, the market is segmented into high concentration and low concentration. Further based on distribution channels, the market is classified into online and offline.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
European CBD Gummies Market Report Segment
By Concentration
- High Concentration
- Low Concentration
By Distribution Channel
- Online
- Offline
European CBD Gummies Market Report Segment by Region
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
The Report Covers
- Comprehensive research methodology of the European CBD gummies market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European CBD gummies market.
- Insights about market determinants that are stimulating the European CBD gummies market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players
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