The North American market for CBD Gummies is projected to have a considerable CAGR of around 27.8% during the forecast period. The growing legalization of cannabis and CBD-associated products in countries such as the US is the major driving factor for the growth of the North American market. The US Farm bill of 2018, is regarded as among the most supportive government policies for the promotion of CBD gummies and other CBD-based products in the US. The bill makes hemp and hemp-based products legal in the country and removes hemp from the definition of marijuana in section 102(16) of the Controlled Substances Act. According to the bill, the USDA will approve the states before harvesting for monitoring and production regulation activities. Furthermore, a few favorable modifications in the overall hemp regulations are supporting the supply of various CBD-based products in the US market. For instance, as per the 2018 Farm Bill, hemp was omitted from the Controlled Substances Act (CSA), which implies that cannabidiol plants and associated products must not contain a 0.3% concentration of delta-9 tetrahydrocannabinol (delta-9 THC). 

The North American 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 Charlotte's Web, CV science Inc., Green Roads of Florida, LLC, and Dixie Brands, Inc among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In April 2021, The Valens Company Inc. recently announced that it has agreed to acquire all of Green Roads of Florida, LLC issued and outstanding shares. The acquisition of Green Roads strengthens The Valens Company's ability to deliver the US domestic and global markets with a broader CBD product offering. Additionally, Green Roads acquisition will be providing multiple strategic and financial benefits that will help The Valens Company achieve its goal of becoming a leading global manufacturer of cannabis products. 

Research Methodology

The market study of the North American 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. North American CBD Gummies Market Research and Analysis by Concentration

2. North American CBD Gummies Market Research and Analysis by Distribution Channel  

The Report Covers

• Comprehensive research methodology of the North American 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 North American CBD Gummies market.
• Insights about market determinants that are stimulating the North American CBD Gummies market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players