The cannabis edibles market, valued at $12.3 billion in 2024, is on track to skyrocket to $54 billion by 2034, according to a new industry report.
This surge—driven by shifting consumer preferences, growing legalization, and rapid product innovation—represents a compound annual growth rate (CAGR) of 15.9% over the next decade.
As more states and countries embrace marijuana reform, cannabis-infused food products are becoming a mainstream choice for consumers seeking medicinal or recreational effects without smoking. Edibles provide a discreet, convenient, and increasingly diverse method of consumption, making them attractive to new and experienced users alike, notes the report.
Much of this growth can be traced to evolving regulations that are helping destigmatize marijuana and open new markets. The rise in demand for health-conscious options—such as gluten-free, low-sugar, vegan, and organic edibles—is also reshaping the market. Companies are investing heavily in research and development to create products that align with modern dietary trends, including functional edibles infused with alternative proteins and adaptogens.
The edibles market is currently dominated by food products, which hold a 54.8% share. Items like infused snacks, baked goods, and chocolates remain especially popular, offering long-lasting effects and ease of use. Gourmet and artisanal edibles continue to gain traction, further broadening the consumer base.
Packaging remains a crucial factor in both product preservation and branding. Plastic—especially PET—accounts for nearly half the market, though glass packaging is gaining popularity among high-end brands for its ability to preserve flavor and potency while boosting shelf appeal.
In 2024, the U.S. accounted for a dominant 86% of global cannabis edibles sales, generating $10.6 billion. That number is expected to climb to $47.1 billion by 2034. Key cities like Denver and Seattle are leading the charge with regulatory reforms that encourage innovation and growth. As more states consider legalization measures, particularly for recreational marijuana, the national market is poised for even greater expansion.
Leading companies in this space include:
- BellRock Brands
- Canna River
- Wana Brands
- Copperstate Farms
- Kiva Confections
- Wyld
- Plant Jam (Cloud Creamery)
- Dixie Elixirs
- Naturecan
- Coda Signature
- Bhang Corporation
- Uncrate
With strong momentum, a maturing legal landscape, and increasingly sophisticated consumer demand, cannabis edibles are no longer a niche category—they’re becoming a cornerstone of the global marijuana industry.
