Cannabis Beverages Market Size, Industry Trends, Historical Data, Growth Analysis Forecast to 2032
By Ritesh on October 24, 2024
Hemp green drink SBD in various glass glasses, creative green hard shadow background. Rest relax energy relaxing cannabis cocktail. Horizontal frame copy space
According to the report published by Zion Market Research, the global Cannabis Beverages Market size was valued at USD 2.68 Billion in 2023 and is predicted to reach USD 46.07 Billion Billion by the end of 2032. The market is expected to grow with a CAGR of 37.2% during the forecast period.
Belonging to the family of Cannabaceae, cannabis or marijuana is a growing plant sometimes called as hemp. Hemp fibre and oil, used for therapeutic purposes and as psychotropic substances, derived from marijuana for a long period. Cannabis use has now been extended to consumable liquids known as cannabis beverages or drinks. The growing consumer desire for health beverages is driving popularity of cannabis beverages on the market.
Over the projected period, this is the main element probably driving the worldwide cannabis beverages market. Low sugar content, clean ingredients, and a suitable amount of cannabis are drawing cannabis users towards cannabis beverages, which, in turn, is expected to drive the global cannabis beverages market in the future.
Furthermore expected to boost the expansion of the cannabis beverages market worldwide in the next years are their several health advantages, such enhanced sleep patterns, limited weight gain, treatment from melancholy and anxiety, controlled blood pressure, etc.). Legalisation of cannabis in the United States and Canada has given the cannabis business fresh chances for expansion to produce cannabis beverages.
The analysis covers drivers and limitations of the cannabis beverages industry together with their influence on demand over the next years. The paper also looks at worldwide prospects in the cannabis beverages sector.
We have included a competitive landscape and an analysis of Porter’s Five Forces model for the industry to provide the consumers of this report a whole perspective of the cannabis beverages market. The report includes a market attractiveness analysis in which every segment is benchmarked according on their market size, development rate, and general appeal.
The Global Cannabis Beverages market profiles key players such as:
● Beverages Trade Network
● Coca–Cola
● Lagunitas
● The Alkaline Water Company
● New Age Beverages Corporation
● COALITION BREWING
● Dutch Windmill Spirits
● Heineken
● Klosterbrauerei Weißenohe
● SK Rodnik
● Koios Beverage Corporation
● The Supreme Cannabis Company
● General Cannabis Corporation
● Heineken
Market for Cannabis beverages: regional analysis
Geographically speaking, North America, Europe, Latin America, Asia Pacific, the Middle East and Africa constitute the worldwide cannabis beverages market.
In 2018 North America accounted for the largest portion of the world market and is expected to rule during the projection period as well. The expansion of this regional market is likely to be driven by the rising consumption on cannabis beverages. Thanks to growing awareness and increasing investment for cannabis beverages, Europe is expected to occupy the second place in the worldwide market for them.
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