Tampa, Fla., Jan. 27, 2022 (GLOBE NEWSWIRE) — The North American cannabidiol market size exceeded USD 4.4 billion in 2020 and is expected to witness a growth rate of approximately 33.3% between 2021 and 2027 and is expected to exceed USD 61.2 billion. by 2027. Due to the pandemic and increased focus on ingredients, consumers are demanding traceable, sustainable and natural personal care products. With global supply chain issues and this increased demand, obtaining top quality products has become increasingly difficult for companies in the personal care industry, but not for the experts at Global Products Group (GPG) .
GPG significantly increases its market share
A strategic alliance with All G Essentials and increased brand awareness has enabled GPG to capture a significant market share in the personalized white label and private label industry, earning a solid reputation for providing personal care products. top quality personal CBD in the market. GPG has invested heavily in creating highly effective consumer personal care products, increasing GPG’s market share by meeting the growing demand for CBD and hemp products in the US market and beyond.
GPG expands manufacturing to supply rapidly growing gummy market
Gummies are a convenient and extremely popular delivery system for easy-to-consume dosage forms of personal care products and supplements. The 2021 gum market size globally was estimated at USD 17.70 million and is projected to grow at 12.5% pa over the next 7 years. Uniquely made by GPG using high quality pectin (not gelatin) in a variety of flavors and gummy shapes, GPG gummies have a superior gel-like consistency, have a more soft and are easy to chew. Preferred by a growing number of consumers over hard pills and tablets, the option of the gummies dispensing system is dramatically increasing the demand for GPG products, thereby supporting the rapid growth of the gummies market in the United States and beyond.
To meet the unprecedented growth and demand for gummy products and supplements, including those formulated with cannabinoid ingredients such as CBD, CBN and CBG, GPG has expanded its line of gummies using manufacturing equipment state-of-the-art technology newly installed in Tampa. , Manufacturing plant in Florida. In fact, the company has increased its manufacturing capacity to around the clock using three shifts of highly skilled employees and can deliver up to one million gummies per day. The in-house chemist, lab techs, botanist, and medical director can formulate and even reverse-engineer popular ingestibles and topicals. When it comes to ordering bulk or bottled gummies for white label or private label use, GPG offers custom manufacturing to meet our customers’ product needs in a timely manner, without the hassle of the chain. supply chain that other manufacturers are currently experiencing.
Advanced technologies and vertically integrated supply chain differentiate GPG
Several factors place Global Product Group in a unique position to effortlessly meet the growing demand for natural personal care products:
- With over 50,000 square feet, GPG’s manufacturing facilities produce up to one million units every day.
- GPG in-house expert chemists, botanists and medical directors combine science, data, technology and medical expertise to formulate and customize personal care products that meet both unique customer requirements and GPG’s uncompromising standards.
- Seamless vertical integration uniquely isolates GPG from global supply chain issues. This the vertical supply chain not only reduces costs but also offers unique transparency: consumers can trace products from seed to shelf.
About the Global Product Group
FDA registered with impressive certifications, GPG is a leading personal care product manufacturing company specializing in custom formulation, bottling, white labeling, contract manufacturing, testing and packaging. GPG can white label any personal care product for trademarks as an FDA registered pharmaceutical manufacturer using precision science from earth grown ingredients. Naturally derived specialty ingredients combined with science, data, technology and medical expertise to create unique boutique products with concepts and formulas that differentiate the brand story. Is your organization interested in partnering with GPG for a white label or private label manufacturing opportunity? Contact GPG at https://globalproductgroup.com/.
