Cannabis Beverages Market Scope and Size by 2031
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 ReportThe 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
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
Strategic Insights
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.
- 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
- 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.
Market Report Scope
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.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cannabis Beverages Market - By Category
1.3.2 Cannabis Beverages Market - By Distribution Channel
1.3.3 Cannabis Beverages Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CANNABIS BEVERAGES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CANNABIS BEVERAGES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CANNABIS BEVERAGES MARKET - GLOBAL MARKET ANALYSIS
6.1. CANNABIS BEVERAGES - GLOBAL MARKET OVERVIEW
6.2. CANNABIS BEVERAGES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. CANNABIS BEVERAGES MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
7.1. OVERVIEW
7.2. CATEGORY MARKET FORECASTS AND ANALYSIS
7.3. ALCOHOLIC
7.3.1. Overview
7.3.2. Alcoholic Market Forecast and Analysis
7.4. NON- ALCOHOLIC
7.4.1. Overview
7.4.2. Non- Alcoholic Market Forecast and Analysis
8. CANNABIS BEVERAGES MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. CANNABIS BEVERAGES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cannabis Beverages Market Overview
9.1.2 North America Cannabis Beverages Market Forecasts and Analysis
9.1.3 North America Cannabis Beverages Market Forecasts and Analysis - By Category
9.1.4 North America Cannabis Beverages Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Cannabis Beverages Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cannabis Beverages Market
9.1.5.1.1 United States Cannabis Beverages Market by Category
9.1.5.1.2 United States Cannabis Beverages Market by Distribution Channel
9.1.5.2 Canada Cannabis Beverages Market
9.1.5.2.1 Canada Cannabis Beverages Market by Category
9.1.5.2.2 Canada Cannabis Beverages Market by Distribution Channel
9.1.5.3 Mexico Cannabis Beverages Market
9.1.5.3.1 Mexico Cannabis Beverages Market by Category
9.1.5.3.2 Mexico Cannabis Beverages Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Cannabis Beverages Market Overview
9.2.2 Europe Cannabis Beverages Market Forecasts and Analysis
9.2.3 Europe Cannabis Beverages Market Forecasts and Analysis - By Category
9.2.4 Europe Cannabis Beverages Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Cannabis Beverages Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cannabis Beverages Market
9.2.5.1.1 Germany Cannabis Beverages Market by Category
9.2.5.1.2 Germany Cannabis Beverages Market by Distribution Channel
9.2.5.2 France Cannabis Beverages Market
9.2.5.2.1 France Cannabis Beverages Market by Category
9.2.5.2.2 France Cannabis Beverages Market by Distribution Channel
9.2.5.3 Italy Cannabis Beverages Market
9.2.5.3.1 Italy Cannabis Beverages Market by Category
9.2.5.3.2 Italy Cannabis Beverages Market by Distribution Channel
9.2.5.4 United Kingdom Cannabis Beverages Market
9.2.5.4.1 United Kingdom Cannabis Beverages Market by Category
9.2.5.4.2 United Kingdom Cannabis Beverages Market by Distribution Channel
9.2.5.5 Russia Cannabis Beverages Market
9.2.5.5.1 Russia Cannabis Beverages Market by Category
9.2.5.5.2 Russia Cannabis Beverages Market by Distribution Channel
9.2.5.6 Rest of Europe Cannabis Beverages Market
9.2.5.6.1 Rest of Europe Cannabis Beverages Market by Category
9.2.5.6.2 Rest of Europe Cannabis Beverages Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cannabis Beverages Market Overview
9.3.2 Asia-Pacific Cannabis Beverages Market Forecasts and Analysis
9.3.3 Asia-Pacific Cannabis Beverages Market Forecasts and Analysis - By Category
9.3.4 Asia-Pacific Cannabis Beverages Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Cannabis Beverages Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cannabis Beverages Market
9.3.5.1.1 Australia Cannabis Beverages Market by Category
9.3.5.1.2 Australia Cannabis Beverages Market by Distribution Channel
9.3.5.2 China Cannabis Beverages Market
9.3.5.2.1 China Cannabis Beverages Market by Category
9.3.5.2.2 China Cannabis Beverages Market by Distribution Channel
9.3.5.3 India Cannabis Beverages Market
9.3.5.3.1 India Cannabis Beverages Market by Category
9.3.5.3.2 India Cannabis Beverages Market by Distribution Channel
9.3.5.4 Japan Cannabis Beverages Market
9.3.5.4.1 Japan Cannabis Beverages Market by Category
9.3.5.4.2 Japan Cannabis Beverages Market by Distribution Channel
9.3.5.5 South Korea Cannabis Beverages Market
9.3.5.5.1 South Korea Cannabis Beverages Market by Category
9.3.5.5.2 South Korea Cannabis Beverages Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Cannabis Beverages Market
9.3.5.6.1 Rest of Asia-Pacific Cannabis Beverages Market by Category
9.3.5.6.2 Rest of Asia-Pacific Cannabis Beverages Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cannabis Beverages Market Overview
9.4.2 Middle East and Africa Cannabis Beverages Market Forecasts and Analysis
9.4.3 Middle East and Africa Cannabis Beverages Market Forecasts and Analysis - By Category
9.4.4 Middle East and Africa Cannabis Beverages Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Cannabis Beverages Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cannabis Beverages Market
9.4.5.1.1 South Africa Cannabis Beverages Market by Category
9.4.5.1.2 South Africa Cannabis Beverages Market by Distribution Channel
9.4.5.2 Saudi Arabia Cannabis Beverages Market
9.4.5.2.1 Saudi Arabia Cannabis Beverages Market by Category
9.4.5.2.2 Saudi Arabia Cannabis Beverages Market by Distribution Channel
9.4.5.3 U.A.E Cannabis Beverages Market
9.4.5.3.1 U.A.E Cannabis Beverages Market by Category
9.4.5.3.2 U.A.E Cannabis Beverages Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Cannabis Beverages Market
9.4.5.4.1 Rest of Middle East and Africa Cannabis Beverages Market by Category
9.4.5.4.2 Rest of Middle East and Africa Cannabis Beverages Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cannabis Beverages Market Overview
9.5.2 South and Central America Cannabis Beverages Market Forecasts and Analysis
9.5.3 South and Central America Cannabis Beverages Market Forecasts and Analysis - By Category
9.5.4 South and Central America Cannabis Beverages Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Cannabis Beverages Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cannabis Beverages Market
9.5.5.1.1 Brazil Cannabis Beverages Market by Category
9.5.5.1.2 Brazil Cannabis Beverages Market by Distribution Channel
9.5.5.2 Argentina Cannabis Beverages Market
9.5.5.2.1 Argentina Cannabis Beverages Market by Category
9.5.5.2.2 Argentina Cannabis Beverages Market by Distribution Channel
9.5.5.3 Rest of South and Central America Cannabis Beverages Market
9.5.5.3.1 Rest of South and Central America Cannabis Beverages Market by Category
9.5.5.3.2 Rest of South and Central America Cannabis Beverages Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CANNABIS BEVERAGES MARKET, KEY COMPANY PROFILES
11.1. APHRIA INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AURORA CANNABIS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CANNTRUST HOLDINGS INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CANOPY GROWTH CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CRONOS GROUP INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KOIOS BEVERAGE CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NEW AGE BEVERAGES CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PHIVIDA HOLDINGS INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE ALKALINE WATER COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VIVO CANNABIS INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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