The global flavored CBD powder market is projected to reach a value of USD 4 billion in 2023 and grow significantly to USD 34.1 billion by 2033, registering a strong CAGR of 23.9% over the forecast period. From 2018 to 2022, the market saw a CAGR of 12.4%. Key drivers of growth include increasing consumer awareness of CBD’s health benefits, favorable regulatory developments, and rising acceptance of CBD products. According to Future Market Insights, the growing popularity of CBD is a major factor fueling market expansion. Flavored CBD powders offer a convenient way for consumers to integrate CBD into their daily lives, making them especially appealing to busy individuals seeking easy-to-use products.
In North America, the flavored CBD powder market is expected to dominate during the forecast period. As one of the largest markets for CBD products globally, the demand for flavored CBD powders continues to grow in the region. This growth is driven by rising consumer awareness of CBD’s health benefits, supportive regulatory frameworks, and increasing acceptance of CBD products.
Meanwhile, Europe’s flavored CBD powder market has also seen notable growth in recent years. Numerous companies across Europe are offering flavored CBD powders to cater to the rising demand. These companies are focusing on product innovation, expanding distribution channels, and forming partnerships to strengthen their market presence.
Key Takeaways:
- The global flavoured CBD powder market is expected to grow from USD 4 billion in 2023 to USD 34.1 billion by 2033.
- The market is set to expand at a CAGR of 23.9% from 2023 to 2033, following a historical CAGR of 12.4% from 2018 to 2022.
- Rising consumer awareness of CBD’s potential health benefits, such as anxiety relief and pain management, is driving market growth.
- A favourable regulatory landscape is supporting the increased adoption of CBD products worldwide.
- The convenience of flavoured CBD powders makes them a popular choice, especially among consumers looking for simple ways to incorporate CBD into their routines.
Flavored CBD Powder Market: Key Players
- Tilray
- G&Juice
- NewAge Inc.
- Aurora Cannabis
- General Cannabis
- CBD Biotechnology Co. Ltd
- Puration
- Honey Drop Beverages among others.
Flavored CBD Powder: Market Segmentation
Based on Product Type:
- Alcoholic
- Non-Alcoholic
Based on Nature:
- Organic
- Conventional
Based on CBD Type:
- Hemp-Derived
- Marijuana-Derived
- Synthetic
Based on Region:
- North America
- USA and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, Argentina, and others
- Western Europe
- Germany, United Kingdom, France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, South Korea, Malaysia, Indonesia, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
Report Preview: https://www.futuremarketinsights.com/reports/flavored-cbd-powder-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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