Cannabis Edibles Market Size, Share and, Industry Analysis By Component (THC Dominant, Balanced THC & CBD, and CBD Dominant), By Application (Confectionery, Baked Products, Beverages, and Others), and Regional Forecast, 2024-2032

The global cannabis edibles market is expected to continue growing significantly over the forecast period. The edibles offer a discreet, smoke-free, and more enjoyable way to consume cannabis compared to smoking or vaping. Moreover, as more countries and regions legalize recreational and medical cannabis, the market for edibles has also been expanding. Canada, Uruguay, Thailand, and other states in the U.S. are among those that have legalized recreational cannabis, creating significant growth opportunities for cannabis edibles. Moreover, governments have also been recognizing the economic benefits obtained through the regulated cannabis edibles industry, including tax revenues, job opportunities, and business growth, further propelling the cannabis edibles market growth.

Manufacturers are creating a wider variety of edible products with precise dosing, appealing flavors and diverse formats. For instance, in March 2023, Curaleaf Holdings, Inc., one of the leading providers of consumer cannabis products, expanded its brand portfolio with the launch of JAMS, which is a flavor-forward cannabis edibles brand. The new brand is created to meet the needs of new cannabis consumers and the ones seeking an introduction to edibles.

Complex and sometimes restrictive regulations for cannabis can hinder the market growth in certain regions.

Key Insights

The report covers the following key insights:

• Market Overview of Related/Parent Market


• Supply Chain & Regulatory Analysis


• Recent Industry Developments – Partnerships, Mergers and Acquisitions, and New Product Launches


• SWOT Analysis


• COVID-19 Impact

Cannabis Edibles Market Segmentation Analysis

Analysis by Component

The THC dominant segment is expected to hold a significant share of the global cannabis edibles market. The primary chemical substance responsible for the euphoric effect of the product is THC Delta-9 Tetrahydrocannabinol, which is primarily used for recreational purposes. Moreover, major countries are legalizing cannabis for recreational uses, leading to a larger potential consumer base for THC-dominant edibles. Manufacturers are also launching products infused with THC. For instance, in February 2024, Butter Cannabis Co.,  a cannabis lifestyle brand in Michigan, launched a new THC-infused chocolate hazelnut spread.

The CBD dominant segment is expected to grow over the forecast period. Evolving regulations in some regions are becoming more favorable toward CBD products, increasing their accessibility and cannabis edibles market potential.

Analysis by Application

The confectionery segment is expected to hold a significant share of the global cannabis edibles market. Products such as gummies are small, easy to carry and resemble regular candy, making them more discreet products for consumption. Increasing demand for healthier alternatives is driving the development of sugar-free, vegan, and organic gummies. For instance, in October 2023, Rubicon Organics, a Canadian producer of sustainably grown cannabis, launched its Wildflower brand, edibles crafted with minor cannabinoids, including CBD, CBN and CBG. The new brand would offer a range of high-quality, natural gummies in four flavors with no added sugar or colours.

The baked products segment is expected to grow significantly over the forecast period. Consumers familiar with traditional baked goods find them more approachable and appealing. Manufacturers are also creating diverse baked goods infused with cannabis, including bread, cookies, brownies, cakes and other products. For instance, in April 2023, Le Pain Quotidien, an international chain of bakery restaurants, launched organic bread with cannabis. The new product contains seeds of the cannabis plant and not the active drug.

The beverages segment is expected to grow at a steady pace over the forecast period. CBD-infused energy drinks are slowly gaining popularity among consumers, leading to a steady growth of cannabis edible in this sector.

Analysis by Region

North America is expected to hold a significant share of the global cannabis edibles market. The widespread legalization of recreational cannabis in various U.S. and Canadian states has created mature and expanding legal cannabis edibles markets for edibles. According to the National Center for Biotechnology Information report, in February 2020, more than 40% of North American non-medical cannabis users consumed edibles. Furthermore, growing interest in microdosing edibles for potential wellness benefits is expanding the consumer base in the region. Manufacturers are innovating the products with new flavors, formats, and potencies, attracting a wide consumer base. For instance, in December 2023,  Zen Cannabis, a licensed supplier of edibles, gummies, and drinks infused with CBD, THC, and marijuana, launched a new line of vegan THC chocolate in the California market.

Key Market Players

• Olive Line International S.L


• Fruyper S.A.


• ACEITUNAS TORRENT


• S.L, Special Food Industry International


• Conagra Brands Inc.


• California Olive Ranch Inc.


• Oleificio Zucchi S.P.A.


• Pompeian Inc


• Olives Escamilla


• Lindsay Olive Growers

Key Industry Developments

• In May 2023, FLUENT, a multi-state cannabis brand operating under Cansortium Inc., announced the launch of a new cannabis-infused dark chocolate bar in Florida. The new product is made from high-quality cannabis extract and Caraïbe 66% chocolate.


• In December 2022, Sunderstorm, one of the largest manufacturers of cannabis products, launched their Kanha Cannabis and Hemp gummies through an agreement with THCG Group Ltd., a Thailand-based medical cannabis company.