European CBD gummies market is anticipated to grow at a considerable CAGR of 27.4% during the %forecast period (2021-2027). In various countries, cannabis is becoming legal and its consumption is increasing in the form of medical purposes. For instance, according to HEMPPEDIA, France follows the general EU law for industrial hemp, so cannabis products with a THC content of 0.2% or less are legal to purchase. Further, as per the Narcotics Traffic Act, cannabis can be considered non-narcotic if its tetrahydrocannabinol (THC) content does not exceed 0.2% and it can be used for commercial or scientific purposes, preventing its abuse for intoxication. Moreover, according to the Open Access Government’s recent research of 2019, around 6 million UK adults have consumed a CBD product in 2018, which accounts for 11% of the country’s population.
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Furthermore, CBD, unlike its cousin cannabinoid THC (tetrahydrocannabinol), which is most commonly associated with the cannabis Sativa plant (marijuana) however is also found in hemp, does not enable to get a user high and thus is completely legal in the UK as long as the products meet a few legal requirements. The requirements include CBD products being sold must contain less than 0.2% THC and also must undergo an application under the new novel foods regulations by FSA. Therefore, as long as CBD brands ensure that their products meet these legal requirements, they can be bought and sold in the UK.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Type
- By Application
- Competitive Landscape- Cornbread Hemp, CV science Inc, Max Hemp, and Hemp Bombs, European Hemp Company.
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?
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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
- Spain
- France
- Italy
Rest of Europe
Company Profiles
- Blessed CBD
- Cornbread Hemp
- CV science Inc,
- Dr Hemp Me
- Europeanan Hemp Company
- Hemp Bombs
- Love Hemp
- Max Hemp
- Orange County CBD
- Swiss Peak CBD
- Vibes CBD
- Vitality CBD
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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