South Korea Hemp Gummie Market was valued at USD 0.05 Billion in 2022 and is projected to reach USD 0.1 Billion by 2030, growing at a CAGR of 10.5% from 2024 to 2030.
The South Korea Hemp Gummie Market has seen an increasing demand over the past few years, driven by growing interest in wellness products and the rising awareness of the benefits of hemp-derived cannabinoids. This shift is not only a response to evolving consumer preferences but also to the increasing acceptance of hemp products within various industries, including healthcare, food, and cosmetics. Hemp gummies are emerging as a popular, convenient method for individuals to incorporate the benefits of hemp into their daily routines, with a particular focus on CBD (Cannabidiol) and other non-psychoactive compounds.
Industries in South Korea are particularly drawn to the Hemp Gummie Market due to the rising popularity of natural health supplements and the ongoing trend toward plant-based wellness products. Hemp gummies offer an easy-to-consume alternative to traditional hemp oils, with a much more approachable and enjoyable format for the consumer. The growing awareness around mental health, pain management, and sleep disorders is also fueling the demand for CBD-based products like hemp gummies.
Healthcare industries, in particular, are increasingly looking for natural, non-addictive alternatives to pharmaceutical treatments. Hemp gummies, known for their ability to promote relaxation, reduce stress, and improve sleep quality, are gaining significant traction as part of this shift. As such, manufacturers are exploring ways to meet the growing demand by innovating in both formulation and distribution.
The South Korean Hemp Gummie Market is also impacted by the evolving legal landscape surrounding hemp-based products. As laws become more accommodating to the use of hemp and cannabis-related ingredients, industries are keen to incorporate hemp gummies into their product lines. This includes not only food manufacturers but also cosmetics brands looking to capitalize on the trend toward hemp-infused beauty products.
Furthermore, with the growing use of hemp-based products in the wellness and personal care sectors, companies are finding that offering hemp gummies is an effective way to tap into a broader market. The increasing appeal of natural ingredients has created a significant demand for hemp gummies in South Korea’s consumer market, and this trend is expected to continue expanding as more people seek out natural alternatives to conventional products.
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Lunchbox Alchemy CBD
Biota Biosciences
Joy Organics
Folium Bioscienes
Forbes Health
Bluebird Botanicals
Isodiol International Inc.
CV Science
Inc.
Aurora Cannabis
Hudson valley hemp
Green Road
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Hemp Gummie Market
Full-Spectrum Hemp Gummies
Broad-Spectrum Hemp Gummies
Isolate Hemp Gummies
Fruit Flavors
Herbal Flavors
Sweet Flavors
Other Flavors
Health & Wellness
Sleep Support
Stress & Anxiety Relief
Muscle & Joint Support
Others
Online Retail
Offline Retail
Pharmaceuticals & Health Stores
Adults
Senior Citizens
Others
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Hemp Gummie Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Hemp Gummie Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Hemp Gummie Market, By Type
6. South Korea Hemp Gummie Market, By Application
7. South Korea Hemp Gummie Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Hemp Gummie Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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