Flavored CBD Powder Market Overview
The flavored CBD powder market saw soaring growth in 2021 with worldwide revenues. A new forecast estimates that flavored CBD powder revenue will nearly double by 2031.
As consumers increasingly seek anti-anxiety impact, healthy options, and convenience and sustainability in their foods to fuel their on-the-go lifestyles, the face of flavored CBD powder is changing. Moreover, consumers are constantly on the lookout for clean label ingredients that are also fit for consumers with allergies or restricted diets, without compromising out on mouthfeel.
Moreover, due to growing consumer interest in products that are rich in antioxidants and omega-3 fatty acids, there is aggregate demand for flavored CBD powder as it is extensively manufactured by food producers as an element owing to preference from consumers.
Also, new product launches have played a dynamic role in assisting the extensive penetration of flavored CBD powder in the global market. For example, NewAge Inc. in August 2020 launched its clean label, sustainably grown, and simple alcoholic flavored CBD powder with non-GMO labeled certified and do not contain artificial flavors and sugar.
Growing Application of Flavored CBD powder Segment to Encourage the Market’s Growth Trajectory
The rising preference for international cuisines, availability of a wide variety of international brands of flavored CBD powder, and growing demand for no preservatives and natural flavors contribute to the growth of the flavored CBD powder market. The dynamics assisting the growth of the market are the consumer’s preference towards gluten-free diets and plant-based alternatives.
Moreover, health-conscious customers favor goods with high dietary content, which helps consumers to enjoy their food without affecting the diet. Moreover, restaurants and other eateries are also experimenting with numerous flavors and combinations to offer innovative and unique flavored CBD powder to their customers.
Flavour Creativity and Nutrition to Drive Flavored CBD powder Demand Globally
With the rising consumption of natural products, consumers are strongly influenced by the nutritional benefits of flavored CBD powder and the added benefits of proteins, fiber, fats, vitamins, and minerals. Moreover, consumers strongly agree that flavored CBD powder enriches the taste of other food while being used as an ingredient.
Additionally, the importance of flavors that meet the expectations of more demanding and health-conscious consumers is therefore key. Innovation and distinctiveness need to be combined with consumer appeal and labeling considerations.
The US and Canada Demand Outlook for Flavored CBD powder Market
In terms of sales, the North American market is projected to take the lead in the global target market. With the increased consumption of healthy foods by U.S. consumers, nearly 20% of the consumers are inclined towards on-pack claims like “made with real ingredients” while buying food or beverage products. The application of flavored CBD powder in snacking has improved vividly over the years is anticipated to fuel the revenue progression of the flavored CBD powder market.
Moreover, flavored CBD powders have increased by 24.3% volume growth in the US market over the last three years which is outpacing the overall flavor category, hence promoting the flavored CBD powder market to grow at a high pace.
Europe Flavored CBD powder Market Outlook
The European flavored CBD powder market is estimated to grow at a moderate pace. Manufacturers are aiming at initiating new and innovative forms hence, flavored CBD powder companies are making swift progress concerning evolving innovative beverages options.
The market for flavored CBD powder is estimated to see swift growth through the projection period driven by huge investments done by market players in social media marketing, and promotional activities towards increasing plant-based trends and consumers' wish to eat more healthy nutritional food products.
Flavored CBD Powder Market: Key Players
Some of the key players manufacturing flavored CBD powder market are as follows-
- NewAge Inc.
- Aurora Cannabis
- General Cannabis
- CBD Biotechnology Co. Ltd
- Honey Drop Beverages among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Flavored CBD Powder: Market Segmentation
Based on Product Type:
Based on Nature:
Based on CBD Type:
Based on Region:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, Argentina and others
- Western Europe
- Germany, U.K., 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