Market Overview:
The global cannabis drinks market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the legalization of cannabis for recreational and medical purposes in various countries across the globe. In addition, increasing awareness about the benefits of cannabis drinks is also contributing to the growth of this market. The global cannabis drinks market can be segmented on the basis of type into CBD and THC. The CBD segment is expected to grow at a higher CAGR than that of THC during the forecast period from 2018 to 2030. This can be attributed to rising awareness about CBD among consumers owing its various health benefits such as reducing anxiety and stress levels, relieving pain, and improving sleep quality. On the basis of application, mass merchandiser accounted for majority share in 2017 and is projected to maintain its dominance throughoutthe forecast period from 2018to2030 owingtoits wide distribution network across different regions worldwide.
Product Definition:
Cannabis drinks are beverages that contain cannabis or cannabinoids as an ingredient. Cannabis drinks are often used to achieve a psychoactive effect, and can be made from various parts of the cannabis plant, including the flowers, leaves, and stems.
CBD:
Cannabidiol (CBD) is one of the major components in cannabis and has therapeutic properties that help treat a variety of health conditions. CBD can be found in both marijuana and hemp plants, but only the latter contains an appropriate amount of CBD to extract for use as a dietary supplement.
The market for cannabis-infused products is booming with increasing legalization.
THC:
THC is also known as dronabinol which can be used to produce drugs like Marinol, Syndros, and Cesamet. THC is typically found in a wide range of products such as resins, oils, tinctures all with different concentrations of THC.
Application Insights:
Based on application, the market has been segmented into specialty stores, mass merchandisers, online retail and others. The specialty stores segment dominated the overall industry in terms of revenue in 2017. This is attributed to growing adoption of cannabis for medical as well as non-medical purposes across the globe. Moreover, high demand for CBD products among patients with epilepsy has resulted in increased product demand at specialized retailers across the U.S., Canada and Europe since 2016.
The use of cannabis and its derivatives for medicinal purposes is becoming more prevalent globally owing to their healing properties and ability to treat various diseases including cancer, chronic pain etc without any side effects compared to other conventional medicines available in the market today.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of key companies such as Canopy Growth Corporation and Constellation Brands, Inc. The region is expected to maintain its dominance over the forecast period due to increasing demand for cannabis-infused drinks. Furthermore, legalization of marijuana use in U.S. states such as California, Massachusetts, Maine and Nevada are anticipated to drive regional growth over the next few years.
Asia Pacific is expected to be one of the fastest growing regions during the forecast period owing to rising number of hemp-based product manufacturers in countries such as China.
Growth Factors:
- Increasing legalization of cannabis for recreational and medical use across the globe will drive the demand for cannabis drinks.
- Growing awareness about the health benefits of cannabis drinks will boost their demand.
- The increasing popularity of cocktails and mocktails will create a positive impact on the sales of cannabis drinks.
- Rising disposable income of consumers will encourage them to purchase premium quality cannabis drinks products.
- The growing trend of mixology among bartenders and consumers alike is expected to create new opportunities for growth in the global Cannabis Drinks market
Scope Of The Report
Report Attributes
Report Details
Report Title
Cannabis Drinks Market Research Report
By Type
CBD, THC
By Application
Mass Merchandiser, Specialty Stores, Online Retail, Other
By Companies
Constellation Brands, Aurora Cannabis, Canopy Growth Corporation, Aphria, Cronos Group, CannTrust Holdings, VIVO Cannabis, Tilray, OrganiGram Holdings, American Premium Water, The Supreme Cannabis Company, Joybird Hemp Beverage
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Cannabis Drinks Market Report Segments:
The global Cannabis Drinks market is segmented on the basis of:
Types
CBD, THC
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mass Merchandiser, Specialty Stores, Online Retail, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Constellation Brands
- Aurora Cannabis
- Canopy Growth Corporation
- Aphria
- Cronos Group
- CannTrust Holdings
- VIVO Cannabis
- Tilray
- OrganiGram Holdings
- American Premium Water
- The Supreme Cannabis Company
- Joybird Hemp Beverage
Highlights of The Cannabis Drinks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CBD
- THC
- By Application:
- Mass Merchandiser
- Specialty Stores
- Online Retail
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cannabis Drinks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cannabis drinks are beverages that contain cannabis. They can be made from a variety of ingredients, including water, tea, coffee, or milk. Some brands also include flavors such as chocolate or mint.
Some of the key players operating in the cannabis drinks market are Constellation Brands, Aurora Cannabis, Canopy Growth Corporation, Aphria, Cronos Group, CannTrust Holdings, VIVO Cannabis, Tilray, OrganiGram Holdings, American Premium Water, The Supreme Cannabis Company, Joybird Hemp Beverage.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cannabis Drinks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cannabis Drinks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cannabis Drinks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cannabis Drinks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cannabis Drinks Market Size & Forecast, 2020-2028
4.5.1 Cannabis Drinks Market Size and Y-o-Y Growth
4.5.2 Cannabis Drinks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 CBD
5.2.2 THC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Mass Merchandiser
6.2.2 Specialty Stores
6.2.3 Online Retail
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cannabis Drinks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cannabis Drinks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 CBD
9.6.2 THC
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Mass Merchandiser
9.10.2 Specialty Stores
9.10.3 Online Retail
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 CBD
10.6.2 THC
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Mass Merchandiser
10.10.2 Specialty Stores
10.10.3 Online Retail
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 CBD
11.6.2 THC
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Mass Merchandiser
11.10.2 Specialty Stores
11.10.3 Online Retail
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 CBD
12.6.2 THC
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Mass Merchandiser
12.10.2 Specialty Stores
12.10.3 Online Retail
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 CBD
13.6.2 THC
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Mass Merchandiser
13.10.2 Specialty Stores
13.10.3 Online Retail
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cannabis Drinks Market: Competitive Dashboard
14.2 Global Cannabis Drinks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Constellation Brands
14.3.2 Aurora Cannabis
14.3.3 Canopy Growth Corporation
14.3.4 Aphria
14.3.5 Cronos Group
14.3.6 CannTrust Holdings
14.3.7 VIVO Cannabis
14.3.8 Tilray
14.3.9 OrganiGram Holdings
14.3.10 American Premium Water
14.3.11 The Supreme Cannabis Company
14.3.12 Joybird Hemp Beverage
