Study Period | 2019-2032 |
Base Year | 2023 |
Forcast Year | 2023-2032 |
CAGR | 6 |
**Cannabis-Based Beverages Market Analysis By Product Type (Alcoholic, Non-Alcoholic), By Distribution Channel (Online, Offline), and By Region Forecast to 2032**
**Cannabis-Based Beverages Market Analysis Report 2023-2032:**
The **Cannabis-Based Beverages Market size** is estimated to grow at a **CAGR of 8.5%** between 2022 and 2032. The market size is forecast to increase by **USD 17,642.3 million**. The growth of the market depends on several factors, including the increasing legalization of cannabis in various regions, changing consumer preferences towards healthier alternatives, and the growing demand for innovative beverage products. Cannabis-based beverages refer to drinks that are infused with cannabinoids, mainly THC (tetrahydrocannabinol) and CBD (cannabidiol), derived from the cannabis plant. These beverages offer consumers a novel way to enjoy the potential benefits of cannabinoids in a convenient and socially acceptable form.
**Cannabis-Based Beverages Market Overview**
**Drivers**
One of the key factors driving the cannabis-based beverages market is the increasing legalization of cannabis for recreational and medicinal use in several countries and states. As cannabis regulations become more permissive, it has opened up opportunities for companies to develop and market cannabis-infused beverages. Consumers are increasingly turning to these products for various reasons, including relaxation, stress relief, pain management, and overall wellness.
Moreover, there is a growing trend toward healthier lifestyles and wellness-focused products. Cannabis-based beverages, particularly those containing CBD, are perceived as a natural and holistic alternative to traditional alcoholic and sugary beverages. This has led to a surge in demand for non-alcoholic cannabis-infused beverages, contributing to market growth.
**Trends**
A significant trend shaping the cannabis-based beverages market is the diversification of product offerings. Companies in this space are continuously innovating to create a wide range of beverage options to cater to different consumer preferences. This includes alcoholic cannabis-infused beverages, such as cannabis beer and wine, as well as non-alcoholic alternatives like CBD-infused sparkling water and teas.
Additionally, there is a growing interest in the development of beverages that offer specific wellness benefits. For example, CBD-infused beverages marketed for relaxation, stress relief, or sleep enhancement are gaining popularity. The market is also witnessing the emergence of cannabis-based energy drinks and sports recovery beverages, targeting health-conscious consumers and athletes.
**Restraints**
One of the key challenges facing the cannabis-based beverages market is regulatory uncertainty. Cannabis regulations vary widely from one region to another, and in some places, cannabis remains illegal. Navigating this complex regulatory landscape can be challenging for companies operating in the sector. Compliance with local laws and regulations, including labeling requirements and THC content limits, is essential and adds complexity to product development and marketing.
Furthermore, there are concerns related to the taste and flavor of cannabis-infused beverages. Some consumers may find the taste of cannabinoids off-putting. Companies need to invest in research and development to create beverages that are not only effective in delivering cannabinoids but also enjoyable to consume.
**Cannabis-Based Beverages Market Segmentation By Product Type**
The **non-alcoholic cannabis-based beverages segment** is estimated to witness significant growth during the forecast period. Non-alcoholic cannabis beverages include a wide range of products such as CBD-infused sparkling water, teas, juices, and functional wellness drinks. These beverages are gaining popularity among consumers seeking the potential health benefits of CBD without the intoxicating effects of THC.
The **alcoholic cannabis-based beverages segment** is also experiencing growth, driven by the demand for unique and innovative alcoholic beverages. Cannabis-infused beers, wines, and cocktails are examples of alcoholic products that have entered the market. These products often target consumers looking for a novel and socially acceptable way to enjoy cannabis.
**Cannabis-Based Beverages Market Segmentation By Distribution Channel**
The **online distribution channel** for cannabis-based beverages is witnessing significant growth due to the convenience it offers consumers. Online platforms provide a wide selection of products, including those from both established brands and emerging startups. Consumers can easily access information about the products and make informed choices.
The **offline distribution channel**, which includes brick-and-mortar retail stores, dispensaries, and licensed retailers, also plays a crucial role in reaching consumers, especially in regions with well-established cannabis markets. In physical stores, consumers can receive personalized recommendations and have a hands-on experience with the products.
**Regional Overview**
North America is estimated to contribute significantly to the growth of the global cannabis-based beverages market during the forecast period. The region has seen substantial developments in cannabis legalization, with several U.S. states and Canada permitting both recreational and medicinal cannabis use. This regulatory environment has created a favorable landscape for the development and distribution of cannabis-based beverages.
In addition to North America, Europe is also emerging as a promising market for cannabis-based beverages. Countries such as the Netherlands and Germany have introduced regulations allowing for the sale of certain cannabis products, including CBD-infused beverages. As regulatory frameworks evolve, European consumers are gaining access to a wider range of cannabis-infused beverage options.
**Cannabis-Based Beverages Market Customer Landscape**
The cannabis-based beverages market report includes an analysis of the customer landscape, tracking consumer preferences and purchasing behavior. Consumers of cannabis-based beverages vary widely, including individuals seeking relaxation, stress relief, pain management, and those interested in exploring new and innovative beverage options.
**Who are the Major Cannabis-Based Beverages Market Companies?**
Companies in the cannabis-based beverages market are adopting various strategies to establish their presence and gain a competitive edge. This includes partnerships, mergers and acquisitions, product diversification, and geographical expansion.
Some of the major players in the cannabis-based beverages market include:
These companies are actively exploring opportunities in the cannabis-based beverages market and are likely to play a significant role in its growth and development.
**Segment Overview**
The cannabis-based beverages market report forecasts market growth by revenue at global, regional, and country levels. It provides an analysis of the latest trends and growth opportunities from 2023 to 2032.
- Product Type Outlook: Alcoholic, Non-Alcoholic
- Distribution Channel Outlook: Online, Offline
**Geography Outlook (USD Million, 2023 - 2032)**
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
-
India
- South America
- Chile
- Argentina
- Brazil
- Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
Table of Contents
1 Industry Overview of Cannabis based beverages
1.1 Cannabis based beverages Market Overview
1.1.1 Cannabis based beverages Product Scope
1.1.2 Market Status and Outlook
1.2 Global Cannabis based beverages Market Size and Analysis by Regions
1.2.1 North America
1.2.2 Europe
1.2.3 China
1.2.4 Rest of Asia Pacific
1.2.5 Central & South America
1.2.6 Middle East & Africa
1.3 Cannabis based beverages Market by Type
1.3.1 Cloud-Based
1.3.2 On-Premise
1.4 Cannabis based beverages Market by End Users/Application
1.4.1 Hospitals
1.4.2 Government Organizations
1.4.3 Cancer Research Centers
1.4.4 Others
2 Global Cannabis based beverages Competition Analysis by Players
2.1 Cannabis based beverages Market Size (Value) by Players (2018 and 2019)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1 New Age Beverages Corporation
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Cannabis based beverages Revenue (Value) (2014-2019)
3.1.5 Recent Developments
3.2 Coalition brewing
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Cannabis based beverages Revenue (Value) (2014-2019)
3.2.5 Recent Developments
3.3 Beverages Trade Network
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Cannabis based beverages Revenue (Value) (2014-2019)
3.3.5 Recent Developments
3.4 Lagunitas
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Cannabis based beverages Revenue (Value) (2014-2019)
3.4.5 Recent Developments
3.5 General Cannabis Corporation
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Cannabis based beverages Revenue (Value) (2014-2019)
3.5.5 Recent Developments
3.6 The Supreme Cannabis Company
3.6.1 Company Profile
3.6.2 Main Business/Business Overview
3.6.3 Products, Services and Solutions
3.6.4 Cannabis based beverages Revenue (Value) (2014-2019)
3.6.5 Recent Developments
3.7 Koios Beverage Corporation
3.8 The Alkaline Water Company
3.9 SK Rodnik
3.10 Cannabis Energy Drink
3.11 Dutch Windmill Spirits
4 Global Cannabis based beverages Market Size by Type and Application (2014-2019)
4.1 Global Cannabis based beverages Market Size by Type (2014-2019)
4.2 Global Cannabis based beverages Market Size by Application (2014-2019)
4.3 Potential Application of Cannabis based beverages in Future
4.4 Top Consumer/End Users of Cannabis based beverages
5 North America Cannabis based beverages Development Status and Outlook
5.1 North America Cannabis based beverages Market Size (2014-2019)
5.2 North America Cannabis based beverages Market Size and Market Share by Players (2018 and 2019)
6 Europe Cannabis based beverages Development Status and Outlook
6.1 Europe Cannabis based beverages Market Size (2014-2019)
6.2 Europe Cannabis based beverages Market Size and Market Share by Players (2018 and 2019)
7 China Cannabis based beverages Development Status and Outlook
7.1 China Cannabis based beverages Market Size (2014-2019)
7.2 China Cannabis based beverages Market Size and Market Share by Players (2018 and 2019)
8 Rest of Asia Pacific Cannabis based beverages Development Status and Outlook
8.1 Rest of Asia Pacific Cannabis based beverages Market Size (2014-2019)
8.2 Rest of Asia Pacific Cannabis based beverages Market Size and Market Share by Players (2018 and 2019)
9 Central & South America Cannabis based beverages Development Status and Outlook
9.1 Central & South America Cannabis based beverages Market Size (2014-2019)
9.2 Central & South America Cannabis based beverages Market Size and Market Share by Players (2018 and 2019)
10 Middle East & Africa Cannabis based beverages Development Status and Outlook
10.1 Middle East & Africa Cannabis based beverages Market Size (2014-2019)
10.2 Middle East & Africa Cannabis based beverages Market Size and Market Share by Players (2018 and 2019)
11 Market Forecast by Regions, Type and Application (2019-2026)
11.1 Global Cannabis based beverages Market Size (Value) by Regions (2019-2026)
11.1.1 North America Cannabis based beverages Revenue and Growth Rate (2019-2026)
11.1.2 Europe Cannabis based beverages Revenue and Growth Rate (2019-2026)
11.1.3 China Cannabis based beverages Revenue and Growth Rate (2019-2026)
11.1.4 Rest of Asia Pacific Cannabis based beverages Revenue and Growth Rate (2019-2026)
11.1.5 Central & South America Cannabis based beverages Revenue and Growth Rate (2019-2026)
11.1.6 Middle East & Africa Cannabis based beverages Revenue and Growth Rate (2019-2026)
11.2 Global Cannabis based beverages Market Size (Value) by Type (2019-2026)
11.3 Global Cannabis based beverages Market Size by Application (2019-2026)
12 Cannabis based beverages Market Dynamics
12.1 Cannabis based beverages Market Opportunities
12.2 Cannabis based beverages Challenge and Risk
12.2.1 Competition from Opponents
12.2.2 Downside Risks of Economy
12.3 Cannabis based beverages Market Constraints and Threat
12.3.1 Threat from Substitute
12.3.2 Government Policy
12.3.3 Technology Risks
12.4 Cannabis based beverages Market Driving Force
12.4.1 Growing Demand from Emerging Markets
12.4.2 Potential Application
13 Market Effect Factors Analysis
13.1 Technology Progress/Risk
13.1.1 Substitutes
13.1.2 Technology Progress in Related Industry
13.2 Consumer Needs Trend/Customer Preference
13.3 External Environmental Change
13.3.1 Economic Fluctuations
13.3.2 Other Risk Factors
14 Research Finding/Conclusion
15 Appendix
Methodology
Analyst Introduction
Data Source
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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