Cannabis Beverage Market: Size, Growth, Regional Analysis, And Market Analysis

Cannabis:

Cannabis is a flowering plant that belongs to the Cannabaceae family and is commonly referred to as hemp. Cannabis has long been utilized as a source of hemp oil and hemp fiber and its medical and mind-altering properties. Cannabis drinks, which are commonly consumed beverages, have recently been added to the list of approved uses.


Market Analysis:

By 2025, the global Cannabis Beverage Market is estimated to reach USD 2.8 billion, growing at a CAGR of 17.8%. Due to the presence of multiple small and medium-sized businesses, the market is highly fragmented. The majority of the companies are situated in Canada, thanks to the country's legalization of marijuana for medical and recreational use.


The cannabis beverages sector is expected to grow in response to the rising demand for health drinks. The availability of an adequate amount of cannabis for ingestion and the product's low sugar content are among the drivers expected to propel the cannabis, Beverage Market. The legalization of marijuana for medical and recreational uses in several nations is expected to boost demand for cannabis-infused beverages and the assembly.


The increased usage of cannabis for various ailments such as neurological disorders, cancer, and pain management is expected to fuel the demand for cannabis drinks. In addition, growing consumer interest in cannabis edibles is projected to contribute to the industry's growth. As a result, consumers are moving their attention away from smoking cannabis and other options such as beverages, tinctures, chocolates, and other edibles.


Regional Analysis:

In 2018, the most critical regional Cannabis Beverage Market was North America. This is due to the relaxation of the prohibition on the use of cannabis in the manufacture of food and beverages in the United States. In the United States, around 33 states have allowed cannabis infusions in food and drink. This element is predicted to promote the cannabis food and beverage market's growth in the future in North America. The availability of consumable protein bars infused with cannabis for athletes contributes to the global expansion of cannabis food products. During the projection period, Asia-Pacific is expected to have the highest CAGR of 31.4 per cent.


Key Players:

New Age Beverages Corporation; The Alkaline Water Company; Phivida Holdings Inc.; Koios Beverage Corporation.; VCC Brand; Dixie Brands Inc.; Keef Brand; Hexo Corp; Aphria; and Canopy Growth are the major key players of Cannabis Beverage Market.

Comments

Post a Comment

Popular posts from this blog

Significance of EHealth Software And Services

Image
Before knowing the concept of EHealth software and services let’s first understand what is EHealth? EHealth is defined as the delivery of health care using modern electronic information and communication technology in which health care practitioners and patients are not in direct contact and their engagement is mediated by electronic mediums, Physical and psychological diagnosis and treatment, telepathology, vital sign monitoring, electronic prescription, teleconsultation, and other services are among those provided. Electronic health records (EHR), decision support systems, consulting, and telemedicine is all components of eHealth. Most therapeutic practices now include computers as an essential component. Now, What Is Ehealth Software And Services? EHealth Software and services are that software that handles, transmit, store, or record the information used in the delivery of healthcare treatment and keep a record of payment of a particular patient. For example, smart hospitals are u
Read more

The OKR Software Market Is Estimated To Increase At A CAGR Of 12.60 Percent During The Forecast Period

  OKR is a 1970s notion that has subsequently been a primary emphasis for companies such as Google, Linked In, Airbnb, Twitter, Dropbox, Spotify, and Uber. The OKR software market is being propelled forward by the growing trend of reducing corporation business processes. Businesses are increasingly focusing on adopting this software to increase efficiency by streamlining various firm operational processes such as human resource operations management, workforce planning, and supply chain performance (SCP) management. OKR software is used to align personnel with corporate goals and investigate the underlying causes of the company's high efficiency. The program also supports maintaining objective transparency between management and employees, as well as tracking employee efficiency on a regular basis. OKR Software Market size was valued at USD 742.29 Million in 2020 and is projected to reach USD 1,843.62 Million by 2028, growing at a CAGR of 12.60 % from 2021 to 2028. By eliminating
Read more

Broadcast Switchers Market Report | the Demand for the Market Will Drastically Increase in the Future

  The term "broadcast switcher" refers to a digital device used in video or film production. It's used to choose or switch between distinct audio or visual signals coming from various sources. Switchers play a critical role in the video transmission process and are an important component of video processing. For a completely integrated television production, switchers are essential. Routing switchers, production switchers, master control switchers, and more types of switchers exist. They can be found in remote trucks, control rooms, and editing suites, among other places. Broadcasters may easily pick and route source video feeds thanks to digital broadcasting, which improves the workflow of digital broadcasting. Customers may now enjoy high-quality video production thanks to the transition from analog to digital transmission in the broadcast sector, which is known as High Definition Television (HDTV). For example, the Federal Communications Commission (FCC), a US governme
Read more