The European market for CBD Gummies is projected to have a considerable CAGR of around 27.4% during the forecast period. The adoption of CBD-infused products in industries such as pharmaceuticals, nutraceuticals, and medical applications is driving the growth of the CBD gummies market in Europe. The legalization of medical cannabis, as well as decriminalization in European countries, has resulted in a significant decrease in black-market activity, as people shift to legally purchasing cannabis for both medical and recreational purposes. The food and beverage industry is also gaining from the CBD gummies trend as CBD is always effective in giving potential health benefits, therefore its increasing applications in the food and beverage industry will be driving the growth of the market. Moreover, the increased number of millennials are preferring more of these gummies due to factors such as increased dispositional income, busy lifestyle, increased awareness regarding preventive care, and maintaining better health. An increase in the production of exotic flavors such as cola, cherries, peaches are expected to create a significant opportunity to boost the European CBD gummies market. However, fluctuations taking place in the availability of raw materials and the side effects associated with the overdose of CBD gummies are the factors restraining the overall growth of the European CBD gummies market. 

The European CBD Gummies market is segment is based on the concentration and distribution channel. Based on concentration, the market is segmented into high concentration and low concentration. Further based on distribution channels, the market is classified into online and offline.

The key players of the market include Cornbread Hemp, CV science Inc, Max Hemp, and Hemp Bombs, European Hemp Company. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In December 2019, Vitality CBD released their new CBD Gummy Bears that was unveiled as a part of the Black Friday promotion which increased Vitality CBD's online sales by more than four times their average weekly amount. The new CBD Gummy Bears were created to address two key consumer needs: precise dosing and on-the-go convenience available in raspberry and orange flavors. With their high-quality, user-friendly product line, Vitality CBD laid the groundwork for this successful launch. 

Research Methodology

The market study of the European CBD gummies market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global European CBD Gummies Market Research and Analysis by Concentration
2. Global European CBD Gummies Market Research and Analysis by Distribution Channel  

The Report Covers

• Comprehensive research methodology of the European CBD gummies market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European CBD gummies market.
• Insights about market determinants that are stimulating the European CBD gummies market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players