Cannabis-infused Burger Market Projects Greater Demand Owing to Higher Contribution by Leading Playe
High popularity of cannabis for medicinal purpose is likely to boost the demand for cannabis-infused burgers in the near future.
[UKPRwire, Tue Oct 01 2019] Cannabis-infused burgers are generally created by infusing cannabis (THC or CBD) into burgers using butter or sauces. This cannabis-infused mixtures (butter or sauces) can be combined into burgers (or any other edibles) because cannabis-infused edibles can be created with specific dosages that can control the consumer’s desired effect. Rapidly changing opinion about cannabis and the growing acceptance of cannabis-infused edibles is likely to create a huge space for the Cannabis-infused Burger in the global cannabis-infused edibles market.
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Cannabis-infused Burger Market Dynamics
The growing acceptance of cannabis due to a rapid changing opinion regarding the use of cannabis is likely to be a major growth factor for cannabis-infused burgers in the near future. Moreover, rapidly changing government policies regarding the legalization of cannabis for medical purpose as well as for the recreational purposes is likely to create a lucrative opportunity for the cannabis-infused burgers or edibles during the forecast period.
In most of the countries, cannabis-infused products are broadly accepted for medical use. High popularity of cannabis for medicinal purpose is likely to boost the demand for cannabis-infused burgers in the near future. Science has time and again proven that cannabis has therapeutic properties, due to which, doctors prescribe cannabis-infused edibles to treat chronic diseases and to help autism, epilepsy and manage pain among others. This is likely to fuel the demand for cannabis-infused burger, as cannabis-infused burger is more likely to be part of their regular food.
Ease of use of cannabis-infused edibles, product diversification, are some of the key factors, due to which a consumer is more likely to purchase a cannabis-infused burgers. In addition, cannabis-infused products are also preferred by consumers, who don’t want to smoke weed directly, which creates a large potential customer base for the cannabis-infused burgers during the forecast period.
However, high cost associated with the cannabis-infused products & varying government policy regarding the legality of its use, will hinder the growth of cannabis-infused burgers in the global market.
Cannabis-infused Burger Market Regional Overview
The global market for cannabis-infused burger is analyzed under major regions: North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Due to legalization scenario & consumers’ acceptance, North America is anticipated to lead the cannabis-infused burger market in the future. Notably, North America dominates the global cannabis-infused edibles market and is likely to continue its domination during the forecast period.
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Europe is likely to be another prominent region for cannabis-infused burgers. As of now, only a few European countries such as the Netherlands, Spain and Germany, among others, allow the sales of cannabis-infused products from specific distribution channels. But due to rapid changing legality scenario, it is expected that most of the European countries take part in cannabis-infused edibles, which is likely to create a huge demand for cannabis-infused burger in the near future.
Asia Pacific & Latin America are expected to show high growth in the cannabis-infused burgers market, during the forecast period. Increasing cannabis use for medical purposes & rapid changing government policies regarding the use of cannabis in medical & recreation purpose is likely to fuel the demand for cannabis-infused edibles in the region. Increasing demand for cannabis-infused edibles creates an excellent space for cannabis-infused burgers in the market.
Increasing penetration of cannabis-infused product manufacturers in the Middle East & Africa region is anticipated to create a significant demand for cannabis-infused burgers in the region during the forecast period.
Cannabis-infused Burger Market Competition Landscape
As cannabis-infused burger is recently introduced by one of the leading food chain. The restaurant sold the cannabis-infused burger at one of its Denver locations for one day on April 20, the unofficial holiday for cannabis enthusiasts. At present, only Carl’s Jr. manufactures the cannabis-infused burger in the global market. By testing cannabis-infused burger, Carl’s Jr, become the first major food chain to include the cannabis-infused product to their menu. As cannabis-infused edibles market is competitive in nature & a large army of manufacturers are operating in the global market, it is anticipated that within a short span of time, most of the manufacturers include cannabis-infused burger in their product list.
The research report presents a comprehensive assessment of the cannabis-infused burger market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
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