CBD Pouches Market to Reach $721.8 Million, Globally, by 2032 at 18.9% CAGR: Allied Market Research

The increasing popularity of CBD products, the rising incidence of depression, and the health benefits associated with CBD are the factors anticipated to drive the growth of the global CBD pouches market during the forecast period from 2023 to 2032. The North America region is expected to account for the major market share by 2032.

PORTLAND, Ore., Sept. 4, 2023 /PRNewswire/ -- Allied Market Research has recently published a report, titled, "CBD Pouches Market by CBD Pouches Content (Up to 10mg, 10mg - 20mg, Others), by Type (Flavored, Unflavored), by Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global CBD pouches market generated $133.8 million in 2022, and is anticipated to generate $721.8 million by 2032, witnessing a CAGR of 18.9% from 2023 to 2032.

Request Sample of the Report on CBD Pouches Market Forecast 2032- Allied Market Research- https://www.alliedmarketresearch.com/request-sample/157137 

Prime Determinants of Growth

The growing demand for CBD products and the rising awareness about the potential health benefits of CBD are predicted to be the important factors to boost the growth of the global CBD pouches market in the forecast timeframe. However, the product quality and safety concerns associated with CBD may hamper the CBD pouches market growth in the coming period. On the contrary, increasing R&D investments in the pharmaceutical sector is expected to offer growth opportunities for expansion of the CBD pouches market in the 2023-2032 forecast period.

Report Coverage & Details:

Impact of Covid-19 on CBD Pouches Market

• The outbreak of the COVID-19 pandemic has had a significant impact on the growth of the global CBD pouches market. The disruptions in the supply chains owing to travel restrictions, lockdowns, and other measures implemented to prevent the spread of the virus have adversely affected the market growth.
• On the contrary, many people turned to CBD products for stress relief and wellness support, which resulted in an increased demand for certain CBD items. CBD products gained popularity for their potential wellness benefits, and this trend positively impacted the CBD industry.

Want to Explore More, Connect to our Analyst- https://www.alliedmarketresearch.com/connect-to-analyst/157137 

CBD Pouches Content: 10mg to 20mg Sub-segment Held the Largest Market Share in 2022

The 10mg to 20 mg sub-segment accounted for the major share of 41.5% in the CBD pouches market in 2022 mainly because these pouches have emerged as a driving factor in the wellness and alternative medicine sector. Besides, the various benefits of using 10mg to 20mg pouches, such as its ability to lower stress levels, relax users, lower stress levels, promote sleep cycles, improve gut health, and safety is the factor predicted to boost the sub-segment's growth by 2032.

Type: Flavored Sub-segment to be Highly Dominant During the Forecast Period

The flavored sub-segment generated the highest market share of 57.8% in 2022 and is predicted to continue to hold the majority of share by 2032. The growing popularity of flavored CBD pouches is due to the availability of a variety of satisfying flavors to cater to a wide range of taste preferences. Besides, companies are focused on offering new fruit tastes, such as citrus, strawberry, and mango to improve the sale of CBD pouches,

Distribution Channel: Offline Sub-segment to Witness Significant Growth by 2032

The offline sub-segment generated the highest market share of 54.6% in 2022. The growing legality and acceptability of cannabis products in numerous countries has created new opportunities for offline distribution. Besides, the offline channel provides a more tangible and personal buying experience, allowing customers to directly experience and inquiry about CBD pouches before purchasing.

For Procurement Information- https://www.alliedmarketresearch.com/purchase-enquiry/157137 

Region: North America Market to Hold Majority of Market Share by 2032

The North America region accounted for the highest share of 40.1% in the global CBD pouches market in 2022 and is expected to continue to maintain its dominance during the forecast period. Increased consumer awareness about the potential health benefits of CBD, along with changing regulatory landscapes, has paved the way for the widespread adoption of CBD pouches in the region. Additionally, the widespread availability of CBD pouches through different retail channels, such as offline stores and online platforms, has aided market expansion in the North America region.

Leading Players in the CBD Pouches Market:

• Nico's Pouches
• Snushus.ch
• Cannadips CBD
• Canni Hemp Co.
• METOLIUS HEMP COMPANY
• Canndid
• SnusMe.eu
• Nicopods ehf
• The Snus Brothers (SnusMe.eu)
• SNUSSIE.COM

The report provides a detailed analysis of the key players of the global CBD pouches market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of CBD pouches market players to showcase the competitive scenario.

Comprehensive Healthcare Industry Research Studies:

Meniscus Repair System Market - Opportunity Analysis and Industry Forecast, 2021–2031

Motorized Prosthesis Market- Opportunity Analysis and Industry Forecast, 2021–2031

Skincare Market - Global Opportunity Analysis and Industry Forecast, 2021–2031

Local Anesthesia Drugs Market- Global Opportunity Analysis and Industry Forecast, 2021–2031

Healthcare Staffing Market - Global Opportunity Analysis and Industry Forecast, 2021–2031                                                                            

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg