By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America CBD Pouches Market dominated this market in 2022 (45.80%). One of the main factors influencing the demand for the product in the area is the rising sales of CBD pouches by adult smokers in the area. According to a research from the Centres for Disease Control and Prevention, 65.3% of American teens said they planned to stop using all tobacco products by 2021.
When you stop smoking, you can experience momentary worry, irritability, melancholy, difficulties concentrating, increased appetite, and disturbed sleep. FDA-approved treatments that can ease withdrawal symptoms include CBD pouches, nicotine skin patches, gum, and lozenges. As a result, local producers of CBD pouches will have access to new markets.Further, the U.S. CBD Pouches market held the largest market share, and the Canada CBD Pouches market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CBD POUCHES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
Europe CBD Pouches market is expected to register significant growth from 2023 to 2032. The demand for CBD pouches in the region is anticipated to increase as consumer knowledge of the medicinal properties of CBD pouches grows. The market outlook in the region will be further improved by the presence of many firms with a solid foothold, including Cannadips Europe, Nicopods ehf, and The Snus Brothers.
Important players are implementing collaboration methods to increase their consumer base and footprint in the area.Further, the German CBD Pouches market held the largest market share, and the U.K CBD Pouches market was the fastest growing market in the European region.
The Asia Pacific CBD Pouches market accounted for the healthy market share in 2022. The strictest cannabis laws have historically been found in Asia. Due to the legalisation of CBD, Asia falls behind other regions in comparison. Two Asia Pacific nations, Thailand and South Korea, have recently legalised the use of CBD for medical purposes.Moreover, China’s CBD Pouches market held the largest market share, and the Indian CBD Pouches market was the fastest growing market in the Asia-Pacific region.