Market Overview:
The global cannabis-infused beverage 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 use in several countries and the growing demand for CBD-based products. The global cannabis-infused beverage market can be segmented on the basis of type into alcoholic beverages and non-alcoholic beverages. Alcoholic beverages are further subsegmented into beer, wine, and spirits. Non-alcoholic beverages are further subsegmented into coffee, tea, water, juice & soft drinks, and others (including energy drinks). On the basis of application, the global cannabis-infused beverage market can be segmented into offline channel and online channel. Offline channel is further subsegmented into convenience stores/hypermarkets & supermarkets; specialty stores; department stores; drugstores/pharmacies; mass merchandisers; other retail formats (including ecommerce). Online channel is further subsegmented into websites/online retailers; social media platforms (such as Facebook); mobile apps (such as Amazon); direct selling companies (such as Amway). Geographically, the global cannabis-infused beverage market can be segmented into North America, Latin America, Europe Asia Pacific ,and Middle East & Africa .
Product Definition:
A cannabis-infused beverage is a drink that has been infused with cannabinoids, such as THC or CBD. These beverages can be alcoholic or nonalcoholic and are often used to provide relief from various medical conditions.
Alcoholic Beverages:
Alcoholic beverages are those drinks that contain ethanol (e.g., beer, wine, and spirits) or the equivalent amount of another alcohol (e.g., rum, brandy, etc.). The consumption of alcoholic beverages is rising among people aged between 18 to 24 years due to increasing availability and low price of these products in retail markets as compared to bars and pubs.
Non-Alcoholic Beverages:
Non-alcoholic beverages are generally drinks that do not contain more than 0.5% alcohol by volume. The global non-alcoholic beverage market size was valued at USD 456.1 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2019 to 2023.
Application Insights:
The offline channel accounted for the largest revenue share of over 70% in 2017. This is attributed to the high adoption of cannabis among adults for recreational and medicinal purposes. Moreover, countries such as Canada, U.S., and Australia are expected to witness a significant growth in demand for cannabis-infused beverages over the forecast period owing to a rise in demand from aged care facilities and medical applications.
Medical use of cannabis is permitted under federal law in the U.S.; however, its recreational use is illegal across most of America due to stringent drug laws passed during 1980s by Congresses at state level prohibited cultivation and sale of marijuana which resulted into shutting down all marijuana-related businesses across America including dispensaries, cultivation/processing plants etc.
Regional Analysis:
North America dominated the global market in 2017. Increasing number of companies and legalization of cannabis usage in the U.S. are responsible for its growth in this region. The legalization of marijuana for recreational and medical purposes has increased its consumption, which is expected to drive demand over the forecast period. Furthermore, presence of key companies such as Constance Brands Inc.; Canopy Growth Corporation; Cannabis Sativa, Inc.
Asia Pacific is anticipated to be one of the fastest-growing regions owing to increasing awareness about CBD products among customers from China.
Growth Factors:
- Increasing legalization of cannabis for recreational and medicinal use across the globe will drive demand for cannabis-infused beverages.
- Growing awareness about the health benefits of cannabis-infused beverages will boost their demand.
- The increasing popularity of cocktails and other alcoholic drinks will create a positive environment for the growth of cannabis-infused beverage market.
- Rising disposable income of consumers is likely to fuel the demand for premium priced cannabis-infused beverages over low priced alternatives.
- The growing trend among millennials towards healthy lifestyle choices is expected to provide a major impetus to the growth of Cannabis-Infused Beverage market in near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Cannabis-Infused Beverage Market Research Report
By Type
Alcoholic Beverages, Non-Alcoholic Beverages
By Application
Offline Channel, Online Channel
By Companies
Canopy Growth Corporation, American Premium Water, Heineken, Sprig, Phivida Holdings, Love Hemp Water, HYBT, Alkaline Water Company, Molson Coors Brewing
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Cannabis-Infused Beverage Market Report Segments:
The global Cannabis-Infused Beverage market is segmented on the basis of:
Types
Alcoholic Beverages, Non-Alcoholic Beverages
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
Offline Channel, Online Channel
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:
- Canopy Growth Corporation
- American Premium Water
- Heineken
- Sprig
- Phivida Holdings
- Love Hemp Water
- HYBT
- Alkaline Water Company
- Molson Coors Brewing
Highlights of The Cannabis-Infused Beverage 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:
- Alcoholic Beverages
- Non-Alcoholic Beverages
- By Application:
- Offline Channel
- Online Channel
- 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-Infused Beverage 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-infused beverages are drinks that contain cannabis or cannabinoids. They can be consumed as an alcoholic beverage, a tea, coffee, or other hot drink.
Some of the key players operating in the cannabis-infused beverage market are Canopy Growth Corporation, American Premium Water, Heineken, Sprig, Phivida Holdings, Love Hemp Water, HYBT, Alkaline Water Company, Molson Coors Brewing.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cannabis-Infused Beverage 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-Infused Beverage Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cannabis-Infused Beverage 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-Infused Beverage 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-Infused Beverage Market Size & Forecast, 2018-2028
4.5.1 Cannabis-Infused Beverage Market Size and Y-o-Y Growth
4.5.2 Cannabis-Infused Beverage Market Absolute $ Opportunity
Chapter 5 Global Cannabis-Infused Beverage 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 Cannabis-Infused Beverage Market Size Forecast by Type
5.2.1 Alcoholic Beverages
5.2.2 Non-Alcoholic Beverages
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cannabis-Infused Beverage 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 Cannabis-Infused Beverage Market Size Forecast by Applications
6.2.1 Offline Channel
6.2.2 Online Channel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cannabis-Infused Beverage 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-Infused Beverage 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 Cannabis-Infused Beverage Analysis and Forecast
9.1 Introduction
9.2 North America Cannabis-Infused Beverage 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 Cannabis-Infused Beverage Market Size Forecast by Type
9.6.1 Alcoholic Beverages
9.6.2 Non-Alcoholic Beverages
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 Cannabis-Infused Beverage Market Size Forecast by Applications
9.10.1 Offline Channel
9.10.2 Online Channel
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 Cannabis-Infused Beverage Analysis and Forecast
10.1 Introduction
10.2 Europe Cannabis-Infused Beverage 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 Cannabis-Infused Beverage Market Size Forecast by Type
10.6.1 Alcoholic Beverages
10.6.2 Non-Alcoholic Beverages
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 Cannabis-Infused Beverage Market Size Forecast by Applications
10.10.1 Offline Channel
10.10.2 Online Channel
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 Cannabis-Infused Beverage Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cannabis-Infused Beverage 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 Cannabis-Infused Beverage Market Size Forecast by Type
11.6.1 Alcoholic Beverages
11.6.2 Non-Alcoholic Beverages
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 Cannabis-Infused Beverage Market Size Forecast by Applications
11.10.1 Offline Channel
11.10.2 Online Channel
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 Cannabis-Infused Beverage Analysis and Forecast
12.1 Introduction
12.2 Latin America Cannabis-Infused Beverage 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 Cannabis-Infused Beverage Market Size Forecast by Type
12.6.1 Alcoholic Beverages
12.6.2 Non-Alcoholic Beverages
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 Cannabis-Infused Beverage Market Size Forecast by Applications
12.10.1 Offline Channel
12.10.2 Online Channel
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) Cannabis-Infused Beverage Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cannabis-Infused Beverage 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) Cannabis-Infused Beverage Market Size Forecast by Type
13.6.1 Alcoholic Beverages
13.6.2 Non-Alcoholic Beverages
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) Cannabis-Infused Beverage Market Size Forecast by Applications
13.10.1 Offline Channel
13.10.2 Online Channel
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-Infused Beverage Market: Competitive Dashboard
14.2 Global Cannabis-Infused Beverage Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Canopy Growth Corporation
14.3.2 American Premium Water
14.3.3 Heineken
14.3.4 Sprig
14.3.5 Phivida Holdings
14.3.6 Love Hemp Water
14.3.7 HYBT
14.3.8 Alkaline Water Company
14.3.9 Molson Coors Brewing
