CBD Beverage Market Overview
CBD Beverage Market was valued at US$ 5286.5 Million in 2024 and is projected to grow at a CAGR of 19.60% to reach US$ 27067.7 Million by 2034.
CBD Beverages are drinks that are made with CBD oil which is extracted from cannabis plants. CBD Beverage has benefits as CBD oils or other CBD products and convenient, delicious to take dose. Commercialization of products are presented in various forms such as gummies, baked goods, or other beverages such as beer, teas, kombucha, and others. This oil is then mixed with water or other beverage which is used for creating a drinkable solution. CBD Beverages are alcoholic and non-alcoholic that are infused with cannabidiol (CBD). CBD Beverages are available in various flavors and can be enjoyed hot or cold. CBD infused drinks allows the consumers to drink their pain away. Around 62% of CBD users are using the product for treating medical condition like depression, anxiety, and pain. Cannabidiols that is found in CBD has anti-inflammatory properties like Tylenol and Aspirin drug. CBD Beverages offer individuals to use a natural remedy for inflammation than prescription medications. CBD Beverages do not cure cancer but help in reducing cancerous inflammation, slow down cancerous growth and help to cope with pain. CBD Beverages also helps in relieving joint pain. CBD Beverages help in regulating digestion. CBD Beverages are widely marketed as over the products as food supplements. Components of hemp plant are used increasingly for production of foods, & consumer products like liquids for electronic cigarettes. CBD is widely used and currently has become the compound with higher interest. CBD is non-psychotropic cannabinoid. CBD is currently tested for its possible anti-inflammatory, antispasmodic, antiemetic, anxiolytic effects as a drug, for e.g. for treatment of epilepsy. All kind of CBD products are purchased in drug, stores, organic shops, supermarkets, online stores, and by specialized hemp & CBD stores. Marketing of CBD products is depend upon current ‘hemp’ that is around medicinal hemp products. CBD products are offered as safe alternative and free of recreational CBD use in Germany is high with approx. half of population, 4.3% of population has used them, and 1.1% are current users. Cannabidiol is currently approved in Europe as single medicinal product called as ‘Epidiolex’. Epidiolex is used for treatment of seizures in patients with two rare, and severe forms of childhood onset epilepsy. However, most of the CBD products are available worldwide as food supplements or CBD containing hemp extracts are used as ingredient in other food products. However, rising adoption of CBD products has fueled the target market growth.
CBD Beverage Market Dynamics
Rising demand for functional beverages and rate of urbanization
Rising demand for functional beverages has become the major factor in growth of target market. Rapid growth in functional beverage market is rising due to increasing prevalence of health oriented beverages. Due to busy lifestyle and work load, individuals are attracted more to energy drinks and functional beverages to improve their physical condition of body and to decrease the risk of disease progression. Urbanization has enhanced the change in lifestyle of individual, packed food, packed juices are high in demand by consumers. Rise in disposable income due to urbanization has given rise in purchasing processed foods in busy lifestyle. Use of CBD Beverage in food and beverage industries are the major factor for the growth of market. CBD is used in wine-derived spirits, coffee, fruit juices, honey, matcha tea, chocolates, breakfast cereal, and baked products. As CBD Beverage is a functional beverage its demand is rising due to health awareness, rising demand for sport drinks, energy drinks, which makes feel relax and calm. Rising demand for beer, spirits among consumers is expected to boost the target market growth over the forecast period. Various advancement in cannabis micro-dosing has resulted in creation of alcohol-free beer which is produced from CBD. Alcohol free beer produced from CBD, and other CBD infused drinks which help in reducing anxiety, manage pain, aches, help in relaxing and also assist with sleep. CBD beverages helps to get better sleep at night. CBD beverages help to feel more relax. CBD beverages help in reducing effects of hangover. Non-alcoholic CBD Beer allows an individual to enjoy refreshing & relaxing taste with cut down of alcohol consumption. Flavored CBD drinks are infused with dash of CBD to calm body and mind. Flavored CBD drinks are made with lemon &basil, peach & ginger, mint & elderflower which makes the pack with tasty punch. According to CBD statistics, in 2022, around 26% of American adults are using CBD, among all US citizens around 33% of them has tried CBD at once. According to data published by United Nations in 2014, about 54% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, the growth in demand for functional beverages and population in urban areas boosts the demand for growth of CBD Beverage market.
Restrains:
If CBD taken in inappropriate dose it may cause side-effects like low blood pressure, diarrhea, dry mouth, fatigue, drowsiness, and reduced appetite. High dosage of prescription form of CBD called as Epidiolex may cause liver injury. CBD Beverages may interact with other medications like blood thinners. However, side effects caused by CBD may restrain the target market growth.
CBD Beverage Market Segmentation
The CBD Beverage market is segmented based on type, grade, distribution channel, and region.
On the basis of type, the CBD Beverage market is segmented into Alcoholic and Non-alcoholic. On the basis of grade, the target market is segmented into Pharmaceutical Grade and Food Grade. On the basis of distribution channel, the target market is segmented into Online Stores, Mass Merchandisers, Convenience Stores, Storefront Dispensaries, and others
Regional Insights:
On region the CBD Beverage Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements. Moreover, rising awareness among individual about health, rising demand for functional beverages, presence of major key players, and growing adoption of CBD based products is anticipated to increase demand for CBD Beverage in the region.
Report Scope:
|
Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Million & CAGR from 2024 to 2034 |
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Market Segmentation |
By Type - Alcoholic and Non-alcoholic By Grade – Pharmaceutical Grade and Food Grade By Distribution Channel - Online Stores, Mass Merchandisers, Convenience Stores, Storefront Dispensaries, and others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the CBD Beverage Market report based on type, grade, distribution channel, and region:
CBD Beverage Market, By Type:
- Alcoholic
- Non-alcoholic
CBD Beverage Market, By Grade:
- Pharmaceutical Grade
- Food Grade
CBD Beverage Market, By Distribution Channel:
- Online Stores
- Mass Merchandisers
- Convenience Stores
- Storefront Dispensaries
- Others
CBD Beverage Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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CBD Beverage Market Key Players
The key players operating the CBD Beverage Market includes, PepsiCo, CBD Biotechnology Co. Ltd., Cannoid LLC., Isodiol International Inc., NuLeaf Naturals LLC., Tilray Brands Inc., American Premium Water Corp., Phivida Holdings Inc., Kill Cliff LLC., Rocky Mountain High Brands Inc., and others.
Recent Development:
- In March 2022, Kill Cliff has launched second caffeinated CBD Beverage in its Octane product line. Octane contains 25 mg CBD and 125 mg of clean caffeine. Newly launched CBD beverage ‘Laser Lemons’ includes honey, herbs and ginger. Laser Lemons has expanded the flavor by offering Cliff’s high caffeine & high CBD beverages with explosion of lemon that is infused with honey, ginger, herbs which makes a unique refreshing drink.
- In February 2022, PepsiCo has launched new hemp seed-infused drink under Rockstar Energy. Newly launched hemp drink is made from ingredients like hemp seed oil, spearmint, B vitamins, & lemon balm with 80 mg of caffeine per can. These newly launched beverage is combined with fruit forward energy boost which helps in maintaining an easy-going, free flowing & soul fueling attitude for any occasion.
CBD Beverage Market Company Profile
- PepsiCo*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- CBD Biotechnology Co. Ltd.
- Cannoid LLC.
- Isodiol International Inc.
- NuLeaf Naturals LLC.*
- Tilray Brands Inc.
- American Premium Water Corp.
- Phivida Holdings Inc.
- Kill Cliff LLC.
- Rocky Mountain High Brands Inc.
“*” marked represents similar segmentation in other categories in the respective section
CBD Beverage Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Grade
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- CBD Beverage Market, By Type
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Alcoholic
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Non-Alcoholic
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- CBD Beverage Market, By Grade, 2022 – 2032, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Pharmaceutical Grade
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Food Grade
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- CBD Beverage Market, By Distribution Channel, 2022 – 2032, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Online Stores
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Mass Merchandisers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Convenience Stores
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Storefront Dispensaries
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- CBD Beverage Market, By Region, 2022 – 2032, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Grade, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Grade, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Grade, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Grade, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- Latin America
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-
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Grade, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- PepsiCo
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- CBD Biotechnology Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cannoid LLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Isodiol International Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NuLeaf Naturals LLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Tilray Brands Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- American Premium Water Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Phivida Holdings Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kill Cliff LLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rocky Mountain High Brands Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The CBD Beverage Market is segmented into type, grade, distribution channel, and region.
CBD Beverage Market is driven by factors like rising demand for functional beverages & rate of urbanization.
By region, the CBD Beverage market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements.
The key players operating the CBD Beverage Market includes, PepsiCo, CBD Biotechnology Co. Ltd., Cannoid LLC., Isodiol International Inc., NuLeaf Naturals LLC., Tilray Brands Inc., American Premium Water Corp., Phivida Holdings Inc., Kill Cliff LLC., Rocky Mountain High Brands Inc., and others.