Global Cannabidiol (CBD) Tea Market, By Type (Marijuana Derived, Hemp Derived, Synthetic and Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Convenience Stores, Online and Others), Application (Millennial, Gen-z and Baby boomers), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Cannabidiol (CBD) Tea Market
Data Bridge Market Research analyses that the global cannabidiol (CBD) tea market will project a CAGR of 6.60% for the forecast period of 2021-2028. Therefore, the cannabidiol (CBD) tea market value, which was USD 0.5 billion in 2020, will shoot up to USD 0.83 billion by 2028. Increasing personal disposable income, rising awareness about the benefits of cannabidiol (CBD) tea and shifting consumer lifestyle are the major factors attributable to the growth of cannabidiol (CBD) tea market.
The ingredients of cannabidiol (CBD) tea are derived from non-psychoactive molecule found in cannabis. Also known as marijuana, cannabis plant can be used for a wide range of applications and one such application that is gaining worldwide popularity is cannabidiol (CBD) tea. Cannabidiol (CBD) is generally extracted from cannabis plant and diluted with a carrier oil such as coconut or hemp seed oil. Cannabidiol (CBD) tea help in reducing stress, anxiety, depression and pain. It is good for the heart, reduces acne and alleviates cancer related symptoms.
Rising personal disposable income and increasing awareness regarding the benefits of cannabidiol (CBD) tea especially in the developing regions are the major factors fostering the growth of cannabidiol (CBD) tea market. Legalisation of cannabis-based CBD products globally as well as globally and growth and expansion of retail industry are other important factors acting as cannabidiol (CBD) tea market growth determinant. Rising government approvals coupled with rising expendiyure for research and development proficiencies on cannabis will further create lucrative growth opportunities for the cannabidiol (CBD) tea market. The rising need for wellness beverages by the consumers coupled with ever-rising population will induce growth in the cannabidiol (CBD) tea market value. Changing lifestyle and rising prevalence of health conditions such as anxiety, osteoporosis, insomnia, inflammation, and hyperemesis will also induce growth in the cannabidiol (CBD) tea market value.
However, regulation and compliance on the use of cannabidiol (CBD) in the food and beverage industry will pose a major challenge to the growth of cannabidiol (CBD) tea market. High costs of cannabidiol (CBD) products will further derail the cannabidiol (CBD) tea market growth rate.
This cannabidiol (CBD) tea market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 cannabidiol (CBD) tea market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cannabidiol (CBD) Tea Market Scope and Market Size
The cannabidiol (CBD) tea market is segmented on the basis of type, distribution channel and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the global cannabidiol (CBD) tea market is segmented into marijuana derived, hemp derived, synthetic and others.
- On the basis of distribution channel, the global cannabidiol (CBD) tea market is classified into the supermarkets and hypermarkets, specialty stores, convenience stores, online and others.
- On the basis of application, the global cannabidiol (CBD) tea market is segmented into millennial, gen-z and baby boomers.
Cannabidiol (CBD) Tea Market Country Level Analysis
The cannabidiol (CBD) tea market is analyses and market size, volume information is provided by country, type, distribution channel and application as referenced above.
The countries covered in the cannabidiol (CBD) tea market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the cannabidiol (CBD) tea market and will continue to excel its dominance during the forecast period owing to growth is the consumption of cannabidiol (CBD) tea especially in countries such as U.S.A and Canada. Asia-Pacific region will however score the highest CAGR owing to the increasing personal disposable income and rising awareness among people.
The country section of the cannabidiol (CBD) tea market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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) Tea Market Share Analysis
The cannabidiol (CBD) tea 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) tea market.
The major players covered in the cannabidiol (CBD) tea market report are Canopy Growth Corporation, The Cronos Group, Tilray., Hexo, CannTrust, Aurora Cannabis Inc., GW Pharmaceuticals plc., VIVO Cannabis Inc., Alkaline88, LLC., NewAge Inc., American - Just drink it!, Choom Holdings Inc., Cannara., Dixie Brands, Green Roads., KANNAWAY LLC., Koios Beverage Corp., The Supreme Cannabis Company, Inc, CANNABIS Aphria, Curaleaf and Joy Organics among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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