According to the recent study the CBD pouch market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 17% to 19% from 2023 to 2028. Growth in this market is primarily driven by increasing application of CBD in pharmaceutical industry and increasing trend for CBD infused beverages and snacks.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in CBD pouch market by content (up to 10mg, 10mg-20mg, and others), product type (flavored and unflavored), distribution channel (online and offline), and region (North America, Europe, Asia Pacific, and the Rest of the World.
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“Flavored market is expected to remain the largest segment during the forecast period.”
Based on product type, the CBD pouch market is segmented into flavored and unflavored. Lucintel forecasts that the flavored market is expected to remain the largest segment due to the growing introduction of new flavours by major players to attract more customers and increasing demand for CBD pouch with organic sweeteners and herbs to enhance flavour and improve consumer gum and tooth health.
“Within the CBD pouch market, the offline segment is expected to remain the largest distribution channel”
Based on distribution channel the offline segment is expected to witness the highest growth over the forecast period due to the easy and wide availability of these products in the offline store and growing sale of CBD product by popular drugstore chains, such as CVS and Walgreens.
“North America will dominate the CBD pouch market in near future”
North America will remain the largest region due to the growing awareness of the potential of CBD products for well-being and health, cumulative sales of CBD products as a result of its legalization, and increasing sales of CBD pouches by adult smokers in the region.
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Major players of CBD pouch market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Metolius Hemp, Canni Hemp, Canndid, SNUSSIE.COM, Cannadips CBD, snushus.ch, and The Snus Brothers are among the major CBD pouch providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/cbd-pouch-market.aspx or [email protected]