Global Cannabidiol (CBD) Infused Beverages Market Product Type (Alcoholic, Non-Alcoholic), CBD Type (Marijuana-Derived, Hemp-Derived, Synthetic), Grade (Pharmaceutical Grade, Food Grade), Distribution Channel (Storefront Dispensaries, Convenience Stores, Online, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The industry's interest in CBD-based products has skyrocketed as a result of the general public's efforts to legalise marijuana for medicinal and recreational purposes. As a result of their non-psychotropic effects, cannabidiol (CBD) infused beverages have gained popularity among consumers. The growing range of medicinal applications for cannabidiol (CBD), such as neurological disorders, psychiatric disorders, and cancer therapeutics, is a key driver of the cannabidiol (CBD) infused beverages market's evolution.
Data Bridge Market Research analyses that the cannabidiol (CBD) infused beverages market which 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.
Market Definition
Cannabidiol (CBD) infused beverages containing cannabinoid drugs derived from the Cannabis Sativa plant. These medications are primarily classified as tetrahydrocannabinol (THC) and cannabidiol (CBD) (CBD). CBD-infused beverages are widely used to treat insomnia, inflammation, chronic pain, depression, anxiety, and hyperemesis, among other things.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2019 - 2014)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product Type (Alcoholic, Non-Alcoholic), CBD Type (Marijuana-Derived, Hemp-Derived, Synthetic), Grade (Pharmaceutical Grade, Food Grade), Distribution Channel (Storefront Dispensaries, Convenience Stores, Online, Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Canopy Growth Corporation (Canada), The Cronos Group (Canada), Tilray. (US), Hexo (Canada), CannTrust (Canada), Aurora Cannabis Inc. (Canada), GW Pharmaceuticals plc. (UK), VIVO Cannabis Inc. (Canada), Alkaline88 (US), NewAge Inc. (US), Cannara. (Canada), Dixie Brands (US), KANNAWAY LLC. (US), The Supreme Cannabis Company, Inc (Canada), CANNABIS Aphria (Canada), CURA CS, LLC. (US), KAZMIRA (US), Curaleaf (US) and CannazALL (US)
|
|
Opportunities
|
|
Cannabidiol (CBD) Infused Beverages Market Dynamics
Drivers
- Rising legalisation of cannabis for medicinal and recreational purposes
The increasing legalisation of cannabis for a variety of medical and recreational purposes, particularly across borders, is increasing demand for cannabidiol (CBD) infused beverages. Furthermore, rising consumer awareness of the numerous benefits of cannabidiol (CBD) in treating inflammation, relieving pain, improving sleep quality, and stress management is propelling market growth.
- The rising prevalence of neurological and psychiatric disorders among population
The rising prevalence of several respiratory ailments caused by cannabis smoking has resulted in a shift in consumer preference for CBD-infused food products, such as cannabidiol (CBD) infused beverages. Furthermore, the rising prevalence of various neurological and psychiatric disorders is driving the adoption of cannabidiol (CBD) infused beverages due to their non-psychotropic properties, which eliminate the risk of drug-induced sensations among consumers Furthermore, potential CBD beverage customers are more willing to spend money on legal CBD products, which is positively impacting the cannabidiol (CBD) infused beverages market growth rate.
Opportunity
CBD products, are gaining popularity as an alternative to traditional analgesics like ibuprofen, aspirin, and others. CBD has been discovered to have powerful anti-anxiety and anti-depressant properties. Furthermore, it has been shown to increase neurogenesis (brain cell growth) in key areas of the brain associated with anxiety and depression. All of these factors will play a significant role in driving market growth in the coming years. Similarly, ongoing research into the development and production of healthier forms of cannabis and it’s by products will create new opportunities for the cannabidiol (CBD) infused beverages market during the forecast period.
Restraints
Most CBD products are not FDA-approved because their strengths and purity can vary between brands and even within the same brand, potentially resulting in less-than-desired positive outcomes. As a result, their use is restricted in a number of countries.
This cannabidiol (CBD) infused beverages market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cannabidiol (CBD) infused beverages market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Cannabidiol (CBD) Infused Beverages Market
COVID-19, like any other market, had a negative impact on the cannabis market. During the year, however, many cannabis companies began to rely heavily on social media and e-commerce platforms to market to consumers. On March 30, 2020, the Alberta Government declared cannabis retail outlets, producers, manufacturers, distributors, and warehouses to be essential services. Furthermore, during the pandemic, CBD-infused products became an appealing option for people who were spending more time at home, both as a source of entertainment and to alleviate stress and anxiety. As a result, CBD-infused product sales are skyrocketing, propelling the CBD-infused products market forward. Additionally, the legalisation of recreational cannabis in various countries, rising demand for CBD-infused wellness drinks, rising disposable income of consumers, and improving living standards are a few of the factors driving this market's rapid growth during the forecast period.
Recent Development
- Canopy Growth, one of the world's largest cannabis companies, announced in June 2021 that it had completed the acquisition of The Supreme Cannabis Company and had acquired 100 percent of Supreme's issued and outstanding common shares.
- STADA Arzneimittel AG, one of Germany's largest pharmaceutical firms, will enter the medical cannabis space in March 2021 with an agreement with Canadian firm MediPharm Labs for the launch of two flower products, with six more to follow
- TCV Sciences, Inc. announced the release of PLUSCBDTM calm and sleep gummies in May 2021, two flavorful gummies that support healthy stress responses and sleep cycles for people returning to their normal routines.
- Pfizer Inc. and GSK merged their respective consumer healthcare businesses in 2019 to form GSK Consumer Healthcare, a global consumer healthcare joint venture.
Global Cannabidiol (CBD) Infused Beverages Market Scope
The cannabidiol (CBD) infused beverages market is segmented on the basis of product type, CBD type, grade and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Alcoholic
- Non-Alcoholic
CBD type
- Marijuana-Derived
- Hemp-Derived
- Synthetic
Grade
- Pharmaceutical grade
- Food grade
Distribution channel
- Storefront Dispensaries
- Convenience Stores
- Online
- Others
Cannabidiol (CBD) Infused Beverages Market Regional Analysis/Insights
The cannabidiol (CBD) infused beverages market is analysed and market size insights and trends are provided by country, product type, CBD type, grade and distribution channel as referenced above.
The countries covered in the cannabidiol (CBD) infused beverages market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The North American region, which has experienced significant year-on-year growth, is expected to drive the global cannabidiol (CBD) infused beverages market. The rising demand for recreational and medicinal marijuana, as well as products for heart health, stamina, and bone health, is a major driver of the cannabidiol (CBD) infused beverages market's expansion. Additionally, products aimed specifically at children are driving innovation, particularly those addressing immune and gut health, which are expected to gain traction in the coming years. The North American market may also see increased demand for vegan/plant-based products in various fruit flavours, which may contribute to the region's market development.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cannabidiol (CBD) Infused Beverages Market Share Analysis
The cannabidiol (CBD) infused beverages market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cannabidiol (CBD) infused beverages market.
Some of the major players operating in the cannabidiol (CBD) infused beverages market are:
- Canopy Growth Corporation (Canada)
- The Cronos Group (Canada)
- Tilray. (US)
- Hexo (Canada)
- CannTrust (Canada)
- Aurora Cannabis Inc. (Canada)
- GW Pharmaceuticals plc. (UK)
- VIVO Cannabis Inc. (Canada)
- Alkaline88, (US)
- NewAge Inc. (US)
- Cannara. (Canada)
- Dixie Brands (US)
- KANNAWAY LLC. (US)
- The Supreme Cannabis Company, Inc (Canada)
- CANNABIS Aphria (Canada)
- CURA CS, LLC. (US)
- KAZMIRA (US)
- Curaleaf (US)
- CannazALL (US)
SKU-