The growing legalization of Cannabis couples with increasing consumption is expected to drive the European CBD gummies market growth.

The European CBD gummies market is anticipated to grow at a considerable CAGR of 27.4% during the %forecast period (2021-2027). In various countries, cannabis is becoming legal and its consumption is increasing in the form of medical purposes. For instance, according to HEMPPEDIA, France follows the general EU law for industrial hemp, so cannabis products with a THC content of 0.2% or less are legal to purchase. Further, as per the Narcotics Traffic Act, cannabis can be considered non-narcotic if its tetrahydrocannabinol (THC) content does not exceed 0.2% and it can be used for commercial or scientific purposes, preventing its abuse for intoxication. Moreover, according to the Open Access Government's recent research of 2019, around 6 million UK adults have consumed a CBD product in 2018, which accounts for 11% of the country’s population.

Browse the full report description European CBD Gummies Market Size, Share & Trends Analysis Report by Concentration (High Concentration, and Low Concentration) By Distribution Channel (Online and Offline) Forecast, 2021-2027 at https://www.omrglobal.com/industry-reports/europe-cbd-gummies-market

Furthermore, CBD, unlike its cousin cannabinoid THC (tetrahydrocannabinol), which is most commonly associated with the cannabis Sativa plant (marijuana) however is also found in hemp, does not enable to get a user high and thus is completely legal in the UK as long as the products meet a few legal requirements. The requirements include CBD products being sold must contain less than 0.2% THC and also must undergo an application under the new novel foods regulations by FSA. Therefore, as long as CBD brands ensure that their products meet these legal requirements, they can be bought and sold in the UK.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Type

o By Application

• Competitive Landscape- Cornbread Hemp, CV science Inc, Max Hemp, and Hemp Bombs, European Hemp Company. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

European CBD Gummies Market Report Segment

By Concentration

• High Concentration
• Low Concentration

By Distribution Channel

• Online
• Offline

European CBD Gummies Market Report Segment by Region

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe