The global market for Cannabis Beverages is estimated at US$1.0 Billion in 2023 and is projected to reach US$3.0 Billion by 2030, growing at a CAGR of 16.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the cannabis beverage market is driven by several factors, including technological advancements, increasing legalization, and changing consumer preferences. Innovations such as nanoemulsion and advanced extraction methods are enhancing product quality and consistency, attracting more consumers. The expanding legalization of cannabis in various regions is opening new markets and reducing the stigma associated with cannabis consumption.
Additionally, there is a growing consumer shift towards health and wellness products, with many seeking natural and functional beverages as alternatives to alcohol and sugary drinks. The rise of social acceptance and the desire for discreet consumption methods are also significant drivers. Furthermore, strategic partnerships and investments in research and development are fostering product innovation and market expansion, ensuring sustained growth in the cannabis beverage industry.
The growth in the cannabis beverage market is driven by several factors, including technological advancements, increasing legalization, and changing consumer preferences. Innovations such as nanoemulsion and advanced extraction methods are enhancing product quality and consistency, attracting more consumers. The expanding legalization of cannabis in various regions is opening new markets and reducing the stigma associated with cannabis consumption.
Additionally, there is a growing consumer shift towards health and wellness products, with many seeking natural and functional beverages as alternatives to alcohol and sugary drinks. The rise of social acceptance and the desire for discreet consumption methods are also significant drivers. Furthermore, strategic partnerships and investments in research and development are fostering product innovation and market expansion, ensuring sustained growth in the cannabis beverage industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Non-Alcoholic Beverage segment, which is expected to reach US$2.0 Billion by 2030 with a CAGR of a 16.9%. The Alcoholic Beverage segment is also set to grow at 15.4% CAGR over the analysis period.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Cannabis Beverages Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cannabis Beverages Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Cannabis Beverages Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as GW Pharmaceuticals PLC, Aphria Inc., Aurora Cannabis, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 63 Featured):
- GW Pharmaceuticals PLC
- Aphria Inc.
- Aurora Cannabis, Inc.
- Canopy Growth Corporation
- Organigram Holding, Inc.
- Coalition Brewing
- Cronos Group
- Tilray
- Hexo Corporation
- CannTrust
- CBD Ultra Limited
- Elegance Brands, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- GW Pharmaceuticals PLC
- Aphria Inc.
- Aurora Cannabis, Inc.
- Canopy Growth Corporation
- Organigram Holding, Inc.
- Coalition Brewing
- Cronos Group
- Tilray
- Hexo Corporation
- CannTrust
- CBD Ultra Limited
- Elegance Brands, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1 Billion |
| Forecasted Market Value ( USD | $ 3 Billion |
| Compound Annual Growth Rate | 16.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
