The global market size for Full-Spectrum CBD Gummies was USD 3.3 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 30% during the forecast period. The market growth is driven by the increasing use of CBD-based products in the pharmaceutical and nutraceutical industries, rising consumer awareness of the potential health benefits of CBD, and a growing need for CBD products, particularly gummies, due to the increasing prevalence of chronic conditions such as arthritis, anxiety, depression, and sleeplessness.

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Full-Spectrum CBD Gummies offer a simple and practical way to absorb CBD, especially for those who dislike the flavor of CBD oil. Furthermore, the non-psychotropic properties of Full-Spectrum CBD Gummies and the absence of the THC-induced ‘high’ have contributed to their growing popularity. The trend of self-medication is also driving the revenue growth of the Full-Spectrum CBD Gummies market as people seek to address their health and wellness issues without consulting a healthcare provider. Additionally, the availability of Full-Spectrum CBD Gummies in a variety of flavors, doses, and formulations has contributed to their increasing demand.

Revenue growth of the Full-Spectrum CBD Gummies market is also driven by the legalization of cannabis in several countries and the increasing use of CBD-based products in the beauty and personal care industry due to their anti-inflammatory and antioxidant properties that are beneficial for skin health. There is also a rising demand for vegan and organic products, which is expected to boost the sales of Full-Spectrum CBD Gummies made with natural and organic ingredients. To meet this demand, manufacturers are increasingly substituting natural sweeteners such as stevia and agave syrup for artificial sweeteners.

The rising popularity of social media and e-commerce platforms is also driving revenue growth in the Full-Spectrum CBD Gummies market, allowing vendors to reach a wider customer base. However, the absence of industry regulation and standardization has led to the proliferation of low-quality and counterfeit products, which may hinder revenue growth. High prices of CBD products and the lack of insurance coverage for CBD-based products are other factors that could limit revenue growth to some extent.

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Based on concentration, the global Full-Spectrum CBD Gummies market is segmented into Full-Spectrum CBD Gummies and broad-spectrum Full-Spectrum CBD Gummies. Full-Spectrum CBD Gummies, which contain all the natural substances found in hemp plants, including THC, are expected to account for the largest revenue share during the forecast period due to customers' rising preference for natural and organic products. Broad-spectrum CBD Gummies, which contain all the natural substances found in hemp plants except for THC, are expected to register the fastest revenue CAGR during the forecast period as more people seek the medicinal benefits of CBD without the intoxicating effects of THC.

The global Full-Spectrum CBD Gummies market is segmented by distribution channel into online and offline. The online segment is expected to account for the largest revenue share during the forecast period due to the convenience and accessibility of e-commerce platforms, which allow manufacturers to sell their products to a broader audience, and customers can purchase products from the comfort of their own homes. The offline segment, which includes retail stores, drugstores, and dispensaries, is expected to register the fastest revenue CAGR during the forecast period as customers prefer to purchase products from physical stores for a personalized experience and convenience.

Geographically, the market in North America is expected to account for the largest revenue share during the forecast period due to the rising demand for Full-Spectrum CBD Gummies, which is being driven by the legalization of hemp-derived CBD in the U.S. and increasing public awareness of the health benefits of CBD. Europe is expected to register the fastest revenue CAGR during the forecast period due to the region's increasing demand for CBD products, driven by rising acceptance of cannabis for both medical and recreational uses and growing investment in the cannabis industry.

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