The Cannabis Beverages Market is expected to register a CAGR of 19% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report global Cannabis Beverages Market report segmented by Type, Distribution Channel and Region, while providing additional insights into regional markets and major countries. It helps stakeholders understand the potential value of the global Cannabis Beverages market and accurately evaluate key parameters associated with the market and its underlying industries. It provides size and forecast estimations in terms of value (US dollars) for the overall Cannabis Beverages market, Type, Distribution Channel, and Regional markets.
Purpose of the Report
The report Cannabis Beverages Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cannabis Beverages Market Segmentation
Category
- Alcoholic
- Non-Alcoholic
Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
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Cannabis Beverages Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Cannabis Beverages Market Growth Drivers
- Rise of CBD Products: Cannabidiol (CBD)-infused beverages are gaining significant traction due to CBD’s popularity for its non-psychoactive health benefits. This is expanding the market by attracting health-conscious consumers who seek the therapeutic benefits of cannabis without the high.
- Evolving Consumer Preferences: Cannabis beverages are increasingly becoming popular as a convenient and discreet option for cannabis consumption. With the growing trend of on-the-go and single-serve products, cannabis beverages meet the demand for portable and easy-to-consume options.
- Regulatory Advancements: As cannabis laws continue to evolve and governments implement clearer regulatory frameworks for cannabis-infused products, the cannabis beverages market is gaining greater legitimacy. Regulatory clarity ensures that products meet safety standards and can be more easily marketed.
Cannabis Beverages Market Future Trends
- CBD Infused Beverages: CBD infused drinks on the Rise to Prominence With CBD's popularity with non-psychoactive health benefits, CBD-infused beverages are gaining prominence. This is expanding the market to attract health-conscious consumers seeking the therapeutic effects of cannabis without the psychoactive effect.
- Shifting Consumer Preferences: Cannabis-based beverages are increasingly becoming a convenient and discreet way for cannabis consumption. Cannabis beverages fit the growing trend of on-the-go and single-serve products. Cannabis beverages meet this demand by being portable and easy to consume.
- Regulatory Advancements: As the laws regarding cannabis continue to evolve and governments implement clearer regulatory frameworks for cannabis-infused products, the cannabis beverages market is gaining more legitimacy. The regulatory clarity ensures that the products meet safety standards
Cannabis Beverages Market Opportunities
- Product Diversification: The market of cannabis beverages is expected to have rapid growth between the period of 2021-2031 due to evolving consumption habits and increased legalization with innovative product developments. With the rising acceptance of cannabis-infused beverages, opportunities lie in this segment-a main entrant into the beverage marketplace, to health-oriented consumers desiring an alternative to alcohol consumption.
- Partnerships with larger beverage companies: Partnerships with larger beverage companies could also be a way to extend distribution and marketing. Emphasizing craftsmanship in unique flavors, focusing on either organic or locally sourced ingredients, can help command a premium market segment.
- Changing Regulations: Regulations are changing and continuing to evolve; businesses that demonstrate compliance and transparency engender trust with consumers that will further help the drive of market penetration.
In all, the cannabis beverage market is a dynamic landscape for innovation, brand differentiation, and strategic collaboration that will make the sector an exciting arena for new and existing companies over the next decade.
Cannabis Beverages Market Regional Insights
The regional trends and factors influencing the Cannabis Beverages Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Cannabis Beverages Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Cannabis Beverages Market
Cannabis Beverages Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | 19% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Category
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Cannabis Beverages Market Players Density: Understanding Its Impact on Business Dynamics
The Cannabis Beverages Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Cannabis Beverages Market are:
- Aphria Inc.
- Aurora Cannabis
- CannTrust Holdings Inc.
- Canopy Growth Corporation
- Cronos Group Inc.
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Cannabis Beverages Market top key players overview
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cannabis Beverages Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cannabis Beverages Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The market is expected to register a CAGR of 19% during 2021–2031
The increasing acceptance of marijuana as well as its health benefits is altering consumer perception. The demand for different modes of consuming cannabis is rising especially the health-conscious purchasers of other edible products demand healthy, low-calorie natural products which will further drive the growth of the market.
The cannabis beverage market will continue to grow as consumers become more health-conscious and seek to imbibe more responsibly and with fewer calories. As regulations continue to soften, we expect companies to get creative with a host of new cannabis drinks and to curry favour with consumers who are increasingly eager to be more eco-friendly while demanding more transparency from brands, at least in part by selling directly.
Leading companies in this market are - Aphria Inc, Aurora Cannabis, CannTrust Holdings Inc, Canopy Growth Corporation, Cronos Group Inc, Koios Beverage Corporation, New Age Beverages Corporation, Phivida Holdings Inc, The Alkaline Water Company
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Trends and growth analysis reports related to Food and Beverages : READ MORE..
1. Aphria Inc.
2. Aurora Cannabis
3. CannTrust Holdings Inc.
4. Canopy Growth Corporation
5. Cronos Group Inc.
6. Koios Beverage Corporation
7. New Age Beverages Corporation
8. Phivida Holdings Inc
9. The Alkaline Water Company
10. VIVO Cannabis Inc.
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