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Global Cannabis Beverage Market: By Type: Alcoholic, Non-Alcoholic; By Component: Cannabidiol (CBD), Tetrahydrocannabinol (THC); By Distribution Channel; By End Use: Household, HoReCa; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Cannabis Beverage Market Outlook

The global cannabis beverage industry reached a value of USD 1.8 billion in 2020. The industry is further expected to grow at a CAGR of 48% in the forecast period of 2021-2026 to reach a value of USD 12.7 billion by 2026.

 

North America to be among Leading Regions of Global Cannabis Beverage Market

North America is likely to be the fastest and largest marketplace for cannabis beverages. The legalization of cannabis for medical, therapeutic, and recreational purposes is driving the growth of market. In 2018, Canada legalized the utilization of marijuana for recreational and medical purposes. Various states in the United States have made the addition of cannabis infusion legal in food and beverages. This factor is predicted to spice up the expansion of the cannabis food and beverage market in North America.

 

Europe to Witness Significant Growth in the Coming Years

Europe is additionally estimated to witness significant growth over the forecasted period due to the rising consumers within the region. As per the Cannabis Trade Association, the companies operating in the region are introducing products to keep up with the rising trend of wellness drinks. The demand is also well built in the Netherlands due to the presence of cafes and restaurants committed to marijuana consumption. The growth of cannabis tourism within the country is predicted to further boost the demand within the country. Countries, like Australia and Uruguay, also are anticipated to witness a big rise in product demand, due to the legalization of marijuana for medical and recreational purposes.

 

Cannabis Beverages: Industry Definition and Segments

Cannabis is a flowering plant which is usually referred to as hemp, belonging to the family of Cannabaceae. For ages, cannabis has been used as a source of hemp oil and hemp fibre and is understood for its medicinal purpose and as a mind-altering drug. Recently the utilization has been extended to common consumable drinks referred to as cannabis drinks.

On the basis of type, the cannabis beverages market has been segmented into:

  • Alcoholic
  • Non-Alcoholic

Cannabis beverages can be divided on the basis of component into:

  • Cannabidiol (CBD)
  • Tetrahydrocannabinol (THC)

Based on distribution channel, the cannabis beverages market is segmented into:

  • Hypermarkets and Supermarkets
  • Convenience Store
  • Mass Merchandisers
  • Specialty Stores
  • Online 
  • Others

Cannabis beverages find its end uses in the following:

  • Household
  • HoReCa

The regional markets for cannabis beverages can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Wellness Drinks Boosting the Global Cannabis Beverages Market

Increasing demand for wellness drinks is anticipated to drive the expansion of cannabis beverages industry. The low sugar content of the product as well as the presence of an appropriate quantity of cannabis for consumption are the among the drivers projected to fuel the market. The legalization of marijuana consumption for medical and recreational purposes in many countries is predicted to drive the assembly also as demand for cannabis-infused beverages. The rising use of cannabis for the treatment of varied diseases like neurological disorders, cancer, and pain control is predicted to drive the demand for cannabis drinks. Growing consumer interest in cannabis edibles is additionally expected to boost the growth. Cannabis consumers are shifting their interest from smoking cannabis to other ways, like beverages, tinctures, and chocolates, and other edibles.

Consumers are willing to consume concentrated and cannabis-infused products, which successively, is anticipated to support the market growth. Cannabis beverages are predicted to exchange other marijuana-infused consumables, like chocolates, cookies, brownies, and confectionaries like gummies and candies which are considered to be not healthy. This factor is predicted to spice up the demand for cannabis drinks over the forecasted period. Consumers are shifting their choices from soft drinks to wellness drinks resulting in the increasing sale of cannabis beverages off-trade sales channels like hotels, cafes, restaurants, clubs, and lounges are expected to boost the recognition of the product among consumers.

 

Key Industry Players in the Global Cannabis Beverage Market

The report gives a detailed analysis of the following key players in the cannabis beverage market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Anheuser Busch Inbev NU
  • Canopy Growth Corporation
  • Dixie Elixirs LLC
  • Phivida Holdings Inc
  • Tilray, Inc
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Cannabis Beverages Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Cannabis Beverages Historical Market (2016-2020) 
    8.3    Global Cannabis Beverages Market Forecast (2021-2026)
    8.4    Global Cannabis Beverages Market by Type
        8.4.1    Alcoholic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Non-Alcoholic
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Cannabis Beverages Market by Component
        8.5.1    Cannabidiol (CBD)
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Tetrahydrocannabinol (THC)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Cannabis Beverages Market by Distribution Channel
        8.6.1    Hypermarkets and Supermarkets
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Convenience Store
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Mass Merchandisers
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Specialty Stores
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Online
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Others
    8.7    Global Cannabis Beverages Market by End Use
        8.7.1    Household
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    HoReCa
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
    8.8    Global Cannabis Beverages Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Anheuser Busch Inbev NV
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Canopy Growth Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Dixie Elixirs LLC
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Phivida Holdings Inc
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Tilray, Inc
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Figures and Tables

1.    Global Cannabis Beverages Market: Key Industry Highlights, 2016 and 2026
2.    Global Cannabis Beverages Historical Market: Breakup by Type (USD Million), 2016-2020
3.    Global Cannabis Beverages Market Forecast: Breakup by Type (USD Million), 2021-2026
4.    Global Cannabis Beverages Historical Market: Breakup by Component (USD Million), 2016-2020
5.    Global Cannabis Beverages Market Forecast: Breakup by Component (USD Million), 2021-2026
6.    Global Cannabis Beverages Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
7.    Global Cannabis Beverages Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
8.    Global Cannabis Beverages Historical Market: Breakup by End Use (USD Million), 2016-2020
9.    Global Cannabis Beverages Market Forecast: Breakup by End Use (USD Million), 2021-2026
10.    Global Cannabis Beverages Historical Market: Breakup by Region (USD Million), 2016-2020
11.    Global Cannabis Beverages Market Forecast: Breakup by Region (USD Million), 2021-2026
12.    North America Cannabis Beverages Historical Market: Breakup by Country (USD Million), 2016-2020
13.    North America Cannabis Beverages Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Europe Cannabis Beverages Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Europe Cannabis Beverages Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Asia Pacific Cannabis Beverages Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Asia Pacific Cannabis Beverages Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Latin America Cannabis Beverages Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Latin America Cannabis Beverages Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Middle East and Africa Cannabis Beverages Historical Market: Breakup by Country (USD Million), 2016-2020
21.    Middle East and Africa Cannabis Beverages Market Forecast: Breakup by Country (USD Million), 2021-2026
22.    Global Cannabis Beverages Market Structure

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