CBD-infused beverages hold significance for several reasons. They offer a convenient and enjoyable way to consume CBD, providing an alternative to traditional methods such as oils or capsules. These beverages allow for precise dosing, promoting consistent and controlled intake of CBD. The combination of CBD with various flavors in beverages enhances the overall experience, making it more palatable for users. Moreover, CBD is believed to have potential health benefits, including stress relief and anxiety reduction, making these beverages attractive to individuals seeking natural remedies.
According to Data Bridge Market Research analyses the Global Cannabidiol (CBD) Infused Beverages Market was valued at USD 2.83 billion in 2021 and is expected to reach the value of USD 8.96 billion by 2029, at a CAGR of 15.50% during the forecast period of 2022-2029.
"Legalization of cannabis for medicinal purposes boosts the market growth"
The legalization of cannabis for medicinal use is a key driver for the CBD-infused beverages market. This shift removes legal barriers, opening new markets for CBD-infused products globally. Businesses now have opportunities to invest in research, development, and distribution without legal impediments. The regulated framework ensures compliance and safety standards, fostering innovation in the beverage industry. Consumer confidence in the legality of CBD encourages market demand for a variety of infused beverages.
What restraints the growth of the global cannabidiol (CBD) infused beverages market?
“Inconsistent product quality hamper market growth”
The cannabidiol (CBD) infused beverages market faces a significant restraint due to inconsistent quality among different brands and even within the same brand. This lack of standardized manufacturing processes and quality control measures leads to varying product effectiveness and potential side effects, creating an unpredictable consumer experience. The variability in CBD concentration hampers consumer confidence and undermines the market's growth potential. The market struggles with a lack of uniformity in product formulations, making it challenging for consumers to trust and invest in CBD-infused beverages.
Segmentation: Global Cannabidiol (CBD) Infused Beverages Market
The global cannabidiol (CBD) infused beverages market is segmented on the basis of type, CBD type, grade, and distribution channel.
- On the basis of type, the global cannabidiol (CBD) infused beverages market is segmented into alcoholic, and non-alcoholic
- On the basis of CBD type, the global cannabidiol (CBD) infused beverages market is segmented into marijuana-derived, hemp-derived, and synthetic
- On the basis of grade, the global cannabidiol (CBD) infused beverages market is segmented into pharmaceutical grade, and food grade
- On the basis of distribution channel, the global cannabidiol (CBD) infused beverages market is segmented into storefront dispensaries, convenience stores, online, and others
Regional Insights: North America dominates the Global Cannabidiol (CBD) Infused Beverages Market
North America dominates the global CBD-infused beverages market, experiencing significant growth due to rising demand for recreational and medicinal marijuana. The market expansion is driven by increased interest in CBD products for heart health, stamina, and bone health. Innovations targeting children's health, particularly immune and gut health, are gaining traction. Additionally, the region sees a surge in demand for vegan/plant-based CBD beverages in various fruit flavors, reflecting a broader trend toward health-conscious choices. This collective momentum positions North America as the dominant force shaping the global CBD-infused beverages market.
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Recent Developments in Global Cannabidiol (CBD) Infused Beverages Market
- In June 2021, Canopy Growth, a leading global cannabis company, successfully finalized the acquisition of The Supreme Cannabis Company, securing 100% ownership of its common shares
- In March 2021 marked the entry of STADA Arzneimittel AG, one of Germany's major pharmaceutical firms, into the medical cannabis sector through a partnership with Canadian company MediPharm Labs. They launched two flower products, with six more to follow
- In May 2021 TCV Sciences, Inc. unveils PLUSCBDTM Calm and Sleep Gummies, offering flavorful support for healthy stress responses and sleep cycles as individuals transition back to their regular routine
- In 2019, Pfizer Inc. and GSK joined forces to merge their consumer healthcare businesses, establishing GSK Consumer Healthcare as a prominent global joint venture
The Prominent Key Players Operating in the Global Cannabidiol (CBD) Infused Beverages Market Include:
- Canopy Growth Corporation (Canada)
- The Cronos Group (Canada)
- Tilray. (U.S.)
- Hexo (Canada)
- CannTrust (Canada)
- Aurora Cannabis Inc. (Canada)
- GW Pharmaceuticals plc. (U.K.)
- VIVO Cannabis Inc. (Canada)
- Alkaline88, (U.S.)
- NewAge Inc. (U.S.)
- Cannara. (Canada)
- Dixie Brands (U.S.)
- KANNAWAY LLC. (U.S.)
- The Supreme Cannabis Company, Inc (Canada)
- CANNABIS Aphria (Canada)
- CURA CS, LLC. (U.S.)
- KAZMIRA (U.S.)
- Curaleaf (U.S.)
- CannazALL (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global cannabidiol (CBD) infused beverages market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Cannabidiol (CBD) Infused Beverages Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
