Global Cannabis-Based Alcoholic Beverages Market, By Product (Cannabis-infused Beers, Cannabis-infused Infused Vodka Cannabis-Infused Gin, Cannabis-infused Wines, Others), Cannabis Beverages Component (Cannabidiol (CBD), Tetrahydrocannabinol (THC)), End Use (Households, Restaurants, Hotels, Cafes), 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 Cannabis-Based Alcoholic Beverages Market
The cannabis-based alcoholic beverages market is expected to witness market growth at a rate of 5.9% in the forecast period of 2021 to 2028 and is expected to reach USD 50.619 million by 2028. Data Bridge Market Research report on cannabis-based alcoholic beverages market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the presence of several small and medium scale companies is escalating the growth of cannabis-based alcoholic beverages market.
Cannabis-based alcoholic beverages are known to be manufactured through the combination of hemp seeds, cannabis flower, cannabis terpenes and CBD into alcoholic drinks like whiskey, gin, absinthe, vodka, wine and beer. Many alcoholic beverage companies are infusing THC including CBD into a variety number of drinks, such as cider, margaritas and soda.
Major factors that are expected to boost the growth of the cannabis-based alcoholic beverages market in the forecast period are the growing of the enormous demand for the health as well as alcoholic drinks amongst the users. Furthermore, the accessibility of the product in new flavours is further anticipated to propel the growth of the cannabis-based alcoholic beverages market. However, the prohibition on the manufacturing and the utilization of cannabis is further estimated to impede the growth of the cannabis-based alcoholic beverages market in the timeline period.
In addition, the rise in the cases of legalization of cannabis will further provide potential opportunities for the growth of the cannabis-based alcoholic beverages market in the coming years. However, the few strict guidelines and stringent laws by the government might further challenge the growth of the cannabis-based alcoholic beverages market in the near future.
This cannabis-based alcoholic 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 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 cannabis-based alcoholic 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.
Cannabis-Based Alcoholic Beverages Market Scope and Market Size
The cannabis-based alcoholic beverages market is segmented on the basis of product, cannabis beverages component and end use. 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 product, the cannabis-based alcoholic beverages market is segmented into cannabis-infused beers, cannabis-infused infused vodka cannabis-infused gin, cannabis-infused wines, and others.
- On the basis of cannabis beverages component, the cannabis-based alcoholic beverages market is segmented into cannabidiol (CBD), and tetrahydrocannabinol (THC).
- On the basis of end use, the cannabis-based alcoholic beverages market is segmented into households, restaurants, hotels, and cafes.
Cannabis-Based Alcoholic Beverages Market Country Level Analysis
The cannabis-based alcoholic beverages market is analysed and market size, volume information is provided by country, product, cannabis beverages component and end use as referenced above.
The countries covered in the cannabis-based alcoholic beverages market report are the 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 cannabis-based alcoholic beverages market due to the legalization of marijuana. Furthermore, the occurrence of large number of manufacturers will further boost the growth of the cannabis-based alcoholic beverages market in the region during the forecast period. Europe is projected to observe significant amount of growth in the cannabis-based alcoholic beverages market due to the possibility of legalizing the utilization of cannabis in several countries.
The country section of the cannabis-based alcoholic beverages 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 Cannabis-Based Alcoholic Beverages Market Share Analysis
The cannabis-based alcoholic 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 cannabis-based alcoholic beverages market.
The major players covered in the cannabis-based alcoholic beverages market report are New Age Beverages Corporation, The Alkaline Water Company Inc, Phivida Holdings Inc., Koios Beverage, VCC Brand, Dixie Brands, Keef Brands, HEXO, Aphria Inc., Canopy Growth Corporation, American Craft Spirits Association, Hopp and Hemp Co., Coalition Brewing Co Ltd., Green Monkey CBD, GREEN TIMES BREWING, Two Roots Brewing Co., CERIA, INC., FAT DOG SPIRITS, The Wee Hemp Company, Dutch Windmill Spirits BV, and Heineken N.V., 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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