The new report by Expert Market Research titled, ‘Global Cannabis Beverages Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2021-2026’, gives an in-depth analysis of the global cannabis beverages market, assessing the market based on its segments like type, component, distribution channel, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/cannabis-beverage-market/re...
The key highlights of the report include:
Market Overview (2016-2020)
• Historical Market Size (2020): USD 1.8 billion
• Forecast CAGR (2021-2026): 48%
• Forecast Market Size (2026): USD 12.7 billion
Rising demand for wellness drinks is expected to propel the growth of cannabis beverages industry. Factors like low sugar content of the product and the presence of an appropriate quantity of cannabis for consumption are projected to fuel the product demand. The legalization of marijuana usage for medical and recreational purposes in many countries is expected to drive the production as well as demand for cannabis-infused beverages. Consumers, especially within the developed markets of North America and Europe, are constantly shaping the category amidst ‘all natural’, ‘chemical free’, and with ‘recognisable and herbal formulations trends and developments, which is further aiding the growth of the industry.
Industry Definition and Major segments:
Cannabis refers to a flowering plant, which is also referred to as hemp. It belongs to the family of Cannabaceae. Cannabis has been used as a rich source of hemp oil for years and hemp fibre and is also hailed for its medicinal purpose and as a mind-altering drug. Recently the utilisation has been extended to common consumable drinks referred to as cannabis drinks.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/cannabis-beverage-market
On the basis of type, the cannabis beverages market has been segmented into:
Cannabis beverages can be divided on the basis of component into:
• Cannabidiol (CBD)
• Tetrahydrocannabinol (THC)
On the basis of distribution channel, the cannabis beverages market is segmented into:
• Hypermarkets and Supermarkets
• Convenience Store
• Mass Merchandisers
• Speciality Stores
Cannabis beverages finds its end uses in the following:
The regional markets for cannabis beverages can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Cannabis consumers are not just limited to smoking flowers with joints, pipes, or bongs, but have their choice of an increasing sort of products, including concentrated and infused products. The beverage industry in itself is going through a fundamental transformation with the elements, ingredients and additives. The beverages boom, as showcased within the off-trade sales channels like restaurants, and clubs, among others, is likely to facilitate the sales of customised cannabis-infused drinks. Although THC has remained the main attraction among the consumers for experiencing the ‘euphoric high’, ‘the industry is exhibiting a dramatic evolution with the thriving popularity of cannabidiol (CBD) infused beverages. There is a strong demand for healthy edibles within the cannabis beverages industry which has further pushed the sales of CBD infused drinks. The high demand for these beverages is additionally providing radical shift to the general cannabis beverages market share.
Key Market Players
The major players in the market are Global Window Film Market are Anheuser Busch Inbev NU, Canopy Growth Corporation, Dixie Elixirs LLC, Phivida Holdings Inc, and Tilray, Inc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Global Cyclic Olefin Copolymers Market: https://www.expertmarketresearch.com/reports/cyclic-olefin-copolymers-ma...
Global Electric Coolant Pump Market: https://www.expertmarketresearch.com/reports/electric-coolant-pump-market
Global GNSS Simulators Market: https://www.expertmarketresearch.com/reports/gncc-simulators-market
Global Household Robots Market: https://www.expertmarketresearch.com/reports/household-robots-market
Indian Advertising Market: https://www.expertmarketresearch.com/reports/indian-advertising-market
Global Solar Cables Market: https://www.expertmarketresearch.com/reports/solar-cable-market
Global Kelly Drive Market: https://www.expertmarketresearch.com/reports/kelly-drive-market
Global Tattoo Removal Market: https://www.expertmarketresearch.com/reports/tattoo-removal-market
Global Tall Oil Rosin Market: https://www.expertmarketresearch.com/reports/tall-oil-rosin-market
Global System Integration Market: https://www.expertmarketresearch.com/reports/system-integration-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Company Name: Expert Market Research
Contact Person: Mathew Williams, Business Consultant
Expert Market Research
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.