Cannabis Food and Beverage Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Cannabis is a member of the Cannabaceae family of flowering plants. A cannabis edible, also known as a cannabis-infused food, is a form of food that contains cannabinoids such as tetrahydrocannabinol (THC) or cannabidiol (CBD). THC is present in most edibles made from cannabis, and it has a wide variety of health effects, including relaxation, increased appetite, euphoria, anxiety, and fatigue. Edibles infused with THC or CBD are used for both medicinal and recreational purposes. Hemp foods are foods and drinks that are made with non-psychoactive cannabis. Space cakes, pot brownies, and hash cookies are some of the most common baked goods.

MARKET SCOPE

The "Global Cannabis Based Food and Beverages Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cannabis based food and beverages market with detailed market segmentation by type and distribution channel. The report provides key statistics on the market status of the leading cannabis based food and beverages market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the global cannabis based food and beverages market is segmented into baked goods & confectioneries, beverages, snacks, others.
  
•   Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others.
  

MARKET DYNAMICS

Drivers

•   The global cannabis food and beverage market is growing due to increased cultivation of recreational or medical cannabis in different countries and increased demand for cannabis-based wellness drinks.
  
•   The demand for cannabis-based food and beverages is also being driven by the growing popularity of wellness drinks. Consumers' preferences are changing from soft drinks to health drinks, resulting in an increase in the selling of cannabis beverages. The market's growth is being fueled by the low sugar content of beverages.
  

Restraints

•   On the other hand, a scarcity of high-quality cannabis restrains growth to some degree.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cannabis based food and beverages market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cannabis based food and beverages market in these regions.

IMPACT OF COVID-19 ON CANNABIS BASED FOOD AND BEVERAGES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the cannabis based food and beverages market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cannabis based food and beverages market are anticipated to lucrative growth opportunities in the future with the rising demand for cannabis based food and beverages in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cannabis based food and beverages market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Natural Extractions,
  
•   Dixie Brands Inc.,
  
•   New Age Beverages Corporation,
  
•   Coalition brewing,
  
•   Beverages Trade Network,
  
•   Lagunitas,
  
•   The Supreme Cannabis Company,
  
•   Koios Beverage Corporation
  
•   The Alkaline Water Company.
  
•   Coca-Cola,
  
•   Dutch Windmill Spirits,
  
•   Cannabis Sativa Inc.,
  
•   Organigram Holdings Inc.
  
•   Rocky Mountain High
  
•   Phivida
  
•   Cannara Biotech, Inc
  
•   HEXO Corp
  
•   CannTrust Holdings Inc
  
•   Youngevity International Inc
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Cannabis Food and Beverage Report Scope