Cannabis edibles are the preferred consumption method for many patients and consumers because they are a smokeless form of cannabis consumption. Cannabis edibles are a significant business, as demonstrated by a recent international market analysis.
Analysts affiliated with Research and Markets estimate that “the global market for cannabis edibles was estimated at US$14.8 billion in 2024 and is projected to reach US$48.7 billion by 2030, growing at a CAGR of 22.0% from 2024 to 2030.”
“Cannabis edibles have emerged as one of the most popular product segments within the rapidly growing cannabis industry, offering an alternative to traditional methods of consumption such as smoking or vaping. Edibles, which include a wide range of products like gummies, chocolates, beverages, and baked goods infused with cannabinoids like THC (tetrahydrocannabinol) or CBD (cannabidiol), appeal to a broad demographic of consumers seeking a discreet and smoke-free option.” Research and Markets stated in a press release.
A growing number of jurisdictions around the world are modernizing their cannabis policies to permit the use of cannabis edibles and other products, particularly for medical purposes. Hemp-derived cannabis edibles are also growing in availability and popularity in many parts of the world, and benefit from more favorable laws and regulations compared to non-hemp cannabis edibles.
“Technological advancements in the manufacturing process, such as the development of fast-acting edibles and more precise dosing mechanisms, have enhanced product reliability and user experience, making edibles a more appealing option.” states Research and Markets.
“Moreover, the increasing presence of edibles in mainstream retail and online platforms, combined with sophisticated branding and packaging, has helped to normalize cannabis products and attract new demographics, fueling further market expansion. As legalization continues to spread and consumer preferences evolve, the cannabis edibles market is expected to maintain its strong growth trajectory.”
The cannabis edibles market does face some unique challenges compared to non-cannabis food products. For example, many jurisdictions limit the shape that a cannabis edible can be, such as a prohibition on the shape of the edible being a human figure.
Packaging is another component of the emerging cannabis edibles sector that is subject to limitations, with cannabis edibles packaging requirements being such that they cannot be considered ‘appealing to children,’ which is a very subjective standard. Still, the future of the legal international cannabis edibles sector is very bright.