Demand for cannabis beverages in the UK is expected to increase over the assessment period due to rising use of medicinal cannabis. Cannabis beverage sales increased by a CAGR of around 18.0% over the past half decade
NEWARK, Del., August 25, 2022 /PRNewswire/ — The Global Cannabis beverage market will experience growth at a CAGR of 37.3%and top a rating of $8.3 billion to 2032. Various health benefits, such as improved sleep patterns, weight loss, depression and anxiety reduction, blood pressure regulation, and others, are projected to drive the global growth of cannabis beverages during the forecast period (2022-2032).
Additionally, demand for cannabis beverages is expected to increase as the use of cannabis for neurological disorders, epilepsy, cancer and pain management increases. Likewise, the legalization of recreational or medical cannabis has had a positive impact on the industry.
As such, several leading companies operating in the cannabis beverage market have expanded significantly, enhancing the variety and quantity of products available to consumers. This is expected to increase demand for cannabis beverages by more than 20x until 2022 and beyond.
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Important insights from the market study
- The cannabis beverage market is worth it US$0.4 billion Sales in 2022 and expanding at CAGR of 3% between 2022 and 2032.
- Global demand for cannabis beverages is expected to grow year-on-year (YoY). 2% in 2022.
- India expected to be the most lucrative cannabis market in South Asia over the assessment period.
- In terms of product type, the alcoholic cannabis-infused beverages segment is expected to register the highest CAGR during the forecast period.
“Sales of cannabis beverages from regulated dispensaries are increasing, creating a multitude of opportunities for specialty retailers to showcase appetizing and creative beverages infused with active cannabis. In addition, distribution channels that are allowed to offer cannabis beverages on-the-go for cannabis-based edibles are likely to gain momentum over the next decade,” says an analyst from Future Market Insights.
Major cannabis beverage brands are conducting multiple investigations and seeking new strategic partnerships, while major corporate brands are focused on developing applications in the food industry to create high-value food and beverage solutions. Top players focus on new formulations and product innovations to gain market share and attract more customers to the product.
- in the December 2018Ceria Grainwave, a THC-infused non-alcoholic beer, made its debut on pharmacy shelves.
- 2017, the 3rdapprox The largest US beer maker, Constellation Brands, announced a partnership with the world’s largest marijuana grower, Canopy Growth, to develop cannabis beverages.
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Discover more valuable insights
Future Market Insights offers an impartial analysis of the global cannabis beverage market in its new report, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.
The study provides compelling insights based on product type (marijuana-infused alcoholic beverages and non-alcoholic cannabis-infused beverages), ingredient (tetrahydrocannabinol or THC-infused beverages and cannabidiol or CBD-infused beverages), flavor (unflavored and flavored), and distribution channel (B2B / HoReCa and B2C), in seven major regions of the world.
Cannabis Beverages Market by Category
By product type, the cannabis beverages market is segmented as follows:
- Alcoholic beverages infused with cannabis
- Wine infused with cannabis
- Cannabis-infused beer
- Other cannabis-infused spirits
- Non-alcoholic cannabis-infused beverages
- Water infused with cannabis
- Coffee infused with cannabis
- Tea infused with cannabis
- Juice infused with cannabis
- Other cannabis-infused functional beverages
By component, the cannabis beverages market is segmented as follows:
- Beverages fortified with tetrahydrocannabinol (THC).
- Beverages enriched with cannabidiol (CBD).
By taste, the cannabis beverage market is segmented as follows:
- With taste
- Black tea
By distribution channel, the cannabis beverage market is segmented as follows:
- B2B / HoReCa
- grocery stores
By region, the cannabis beverages market is segmented as follows:
- North America
- Latin America
- East Asia
- South Asia
- middle East & Africa
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Table of Contents
1.1. Global Market Outlook
1.2. Demand-side trends
1.3. Supply-side trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Restrictions
3. The massive effects of the crisis
3.1. Global Cannabis Beverage Market Forecast Scenario Comparison of Short-Term (2022-2025) and Long-Term (2026-2032) Annual Growth Rates
3.2. Key factors affecting the market
3.3. Note: The market assessment is provided for a probable scenario
4. Market background
4.1. Global Cannabis Beverage Market Production Outlook
4.2. Product claims and nutritional information Scanning cannabis beverages
4.3. Product Launches Track & Trends
4.4. Macroeconomic Factors
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Market size of cannabis concentrate – Psychoactive ingredients such as tetrahydrocannabinol (THC) and cannabinoids are extracted from the herb Cannabis Sativa, resulting in a golden and transparent semi-solid known as cannabis concentrate.
Market share of soft drink concentrates – Soft drinks are drinks that contain distilled water, sweeteners and flavorings. The sweetener used can be sugar, sweetener, high fructose corn syrup or any other sweetness enhancing substance.
Market Trends for Breakfast Drinks – Breakfast beverages are defined as food products formulated by processing grains with milk or other liquid ingredients. It is marketed as a dietary supplement and positioned as a healthy, quick and convenient breakfast option.
Organic drinks market sales – Organic drinks are drinks made from fresh organic vegetables or fruits that are grown without artificial substances such as fertilizers, pesticides or insecticides.
Market demand for low-fat beverages – Low Fat Drinks are healthy and nutritious drinks with reduced fat content and few calories. Shoppers around the world are reducing their consumption of certain beverages high in fat, sugar and sodium. They are also opting for low-fat drinks with fewer artificial ingredients.
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