Global CBD Infused Beverages Market Overview
CBD-Infused Beverages Market is beginning to transition towards health-beneficial and functional beverages instead of ones packed with sugars. The cannabidiol-infused beverages is gaining popularity particularly quickly within the beverage industry. CBD is active in treating a range of health benefits such as insomnia, anxiety, seizures, inflammation, and chronic pain. These beverages are more commonly being used as opposed to sugar mix beverages because it does not provide consumers with psychoactive effects. The legalization of cannabis for medical and recreational purposes has had a strong impact on the sales of alcoholic drinks. Cannabidiol-based beverages are showcasing robust popularity owing to their superior functional benefits, portion-controlled doses, ease of administration, and availability.
Impact of COVID-19 pandemic on market
Government of various countries has imposed strict lockdown and social distancing measures across the world. Market closures, diminished eating-out trends, and the dampened demand for cold beverages have resulted in the aggravation of the market. The food services sector and other food businesses such as the bakery sector, beverage serving, and dairy are facing huge decline in the CBD infused beverages market and thereby resulting in the less sales of cannabidiol beverages. This report will quantify the impact of this pandemic on the CBD-infused beverages market by revenue prospects of the industry.
Global CBD Infused Beverages Market Dynamics
Rising Awareness of the health benefits of CBD Beverages
Low sugar content in drinks is the major driving factor for the growth of this market. Also, consumers prefer these beverages as an alternative to cannabis smoking and consumption of marijuana-infused chocolates, cookies, brownies, and confectionaries like gummies and candies. Off-trade sales channels such as hotels, cafes, restaurants, clubs, and lounges are expected to boost the popularity of the product among consumers.
The rising awareness of health benefits of CBD products has elevated the growth of cannabidiol beverages market globally. CBD infused beverages are considered as a natural remedy for a variety of health conditions and are believed to treat varieties of health conditions including pain, anxiety, central nervous system disease and epilepsy. Rising awareness of the wellness of the products, preference for natural products over pharmaceutical products and a growing number of health-conscious consumers is driving the growth of the target beverage market. Moreover, potential customers of BVD beverages are more willing to spend on legal CBD products especially by baby boomers.
However, U.S. Food and Drug Administration have not approved the use of CBD in foods and beverages, which could affect the growth of CBD beverage market globally. The rules and regulation on the use of CBD are different in different regions. Thus, the market remains constrained to only states which have made CBD beverages legal. California has implemented their own legislation to allow the use of CBD in consumable products.
Global CBD Infused Beverages Market Segmentation
The global CBD-infused beverages market is segmented based on the type, distribution channel, and region.
Based on the type, the global CBD-infused beverages market is segmented into alcoholic, and non-alcoholic. The global market has exhibited a robust popularity of low and no-alcoholic drinks that have helps to reduce calories along with nutritional superiority. The current trending of these beverages category is primarily driven by is primarily driven by private-label brands and start-ups which have great impact on therapeutic benefit of cannabidiol and developing products. On the other hand, alcoholic beverages facing a risk in replication of alcohol with zero calories.
On the basis of application, the global market is divided into mass markets, storefront dispensaries, convenience stores, and online stores. These beverages have showed rapid demand over e-commerce channel because of enhanced convenience, privacy, and autonomy for the choice of the products. CBD market has captured greater sales from licensed dispensaries for specialty stores to display innovative and flavorful beverages infused with active principles from cannabidiol. But, the hectic lifestyles of millennials will make them retain the online channels for the purpose of cannabidiol beverages.
According to the region, market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America is estimated to be the fastest and largest market over the forecast period. The growth is majorly driven by the legalization of marijuana for medical and recreational purposes. As per the National Conference of State Legislatures, a total of 33 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands have approved publicly available medical cannabis programs, resulting in the increased launch of several cannabis drinks. Also, 13 states in the U.S. allow the use of high CBD products for medical purposes, resulting in high demand for CBD infused cannabis drinks in the region. Europe is estimated to witness strong growth over the forecast period, owing to a rise in cannabis consumers in the region. Also, the companies operating in the region are launching products to keep up with the growing trend of wellness drinks. For instance, Manchester-based CBD Ultra and Cloud 9 Brewing have launched U.K.’s first CBD session IPA beer brewed with Cannabis Sativa extract. Cannabis-infused products, especially hemp-cannabidiol, received a major trust after passing of 2018 U.S. farm bill which legalized the usage of hemp and hemp-derived CBD products nationwide.
Detail Segmentation:
|
Attribute |
Details |
|
The base year for estimation |
2019 |
|
Forecast Period |
2019 - 2029 |
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Market Representation |
Revenue in USD Billion & CAGR from 2019-2029 |
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Market Segmentation |
By Type – Alcoholic, and Non-Alcoholic By Application –Mass Markets, Storefront Dispensaries, Convenience Stores, and Online Stores By Region - North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
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 |
|
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 2019 to 2029. For the purpose of this study, has segmented the global CBD-infused beverages market report based on type, application and region.
Global CBD-Infused Beverages market, By Type:
- Alcoholic
- Non-Alcoholic
Global CBD-Infused Beverages market, By Application:
- Mass Markets
- Storefront Dispensaries
- Convenience Stores
- Online Stores
Global CDB-Infused Beverages Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global CBD Infused Beverages Market Key Players
The key players for CBD-infused beverages market are California Dreamin', Cannabiniers, Canopy Growth Corporation, Daytrip Beverages, Forest Coffee Trading Co., G&Juice, Honeydrop Beverages Inc., K-Zen Beverages Inc., Lagunitas Brewing Company, and New Age Beverages Corporation. The cannabis beverages market growth is highly regulated by various government bodies across the world. Dynamic, competitive, nascent, and untapped market structures have been present in the global cannabis beverage space. The market is showing extensive investments by key players in the production and supply of raw materials for developing innovative and novel beverages. For instance in August 2018, Constellation brands invested billions in the Canadian cannabis producer.
Global CBD Infused Beverages Market Company Profile
- California Dreamin
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Cannabiniers
- Canopy Growth Corporation
- Daytrip Beverages
- Forest Coffee Trading Co.
- G&Juice
- Honeydrop Beverages Inc.
- K-Zen Beverages Inc.
- Lagunitas Brewing Company
- New Age Beverages Corporation
Global CBD Infused Beverages 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 Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- 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
CBD-Infused Beverages Market, By Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Alcoholic
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Non-alcoholic
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
CBD-Infused Beverages Market, By Application, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Mass Markets
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Storefront Dispensaries
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Convenience Stores
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Online Stores
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
CBD-Infused Beverages Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- Cannabiniers
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Canopy Growth Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Daytrip Beverages
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Forest Coffee Trading Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- G&Juice
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Honeydrop Beverages Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- K-Zen Beverages Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lagunitas Brewing Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- New Age Beverages Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The CBD-infused beverages market is segmented into type, distribution channel, and region.
Factors propelling the CBD-Infused Beverages Market include the growing consumer interest in wellness beverages, relaxation and stress relief trends, and the increasing acceptance of CBD products.
Global restraints in the CBD-Infused Beverages Market involve regulatory uncertainties, varying legal status of CBD, and the potential for adverse health effects associated with excessive CBD consumption.
The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The region projected to dominate the CBD-Infused Beverages Market is North America, with a significantly high estimated revenue share over the forecast period.
The key players for CBD-infused beverages market are California Dreamin', Cannabiniers, Canopy Growth Corporation, Daytrip Beverages, Forest Coffee Trading Co., G&Juice, Honeydrop Beverages Inc., K-Zen Beverages Inc., Lagunitas Brewing Company, and New Age Beverages Corporation.