Fior Markets launched a study titled “Cannabis Beverages Market by Type (Alcoholic, Non-Alcoholic), End Use (Household,HoReCa), Distribution Channel (B2B, B2C), Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.”
The global cannabis beverages market is expected to grow from USD 1,314.4 Million in 2017 to USD 4,567.1 Million by 2025 at a CAGR of 16.8% during the forecast period from 2018-2025.Growing need for wellness beverages by the consumers is fuelling the growth of the market. Also, low sugar content, clean ingredients, and proportionate quantity of cannabis are drawing cannabis smokers toward cannabis beverages and is estimated to influence the growth of the market.
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The HoReCa (Hotel/Restaurant/Café) segment is dominating the market with the highest share of 59.20% in 2017.
The end use segment is classified into household and HoReCa. The HoReCa (Hotel/Restaurant/Café) segment held the largest share in the global cannabis beverages market in 2017. Government regulations on the consumption of cannabis beverages are likely to push the growth of the HoReCa segment globally.
The alcoholic segment valued around USD 804.41 Million in 2017.
Type segment is divided into segments such as alcoholic and non-alcoholic. The alcoholic segment is dominating the market with the highest share in 2017. Cannabis beverages are gaining popularity in the market due to the rising demand for wellness beverages by the consumers
B2C segment is dominating the market with the highest share of 63.80% in 2017.
Distribution channel segment includes B2B and B2C. B2C segment is dominating the market in 2017. The manufacturers produce and directly sell the product into the market with the help of convenience stores, hypermarkets, specialty stores, online stores, and others.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America is dominating the market with the share of 39.80% in 2017 because of the increasing spending on cannabis beverages is expected to propel this regional market. For instance, in 2016, about USD 180 million was expended on edible drinks and foods containing cannabis in California. It is also driven by new consumers and companies invested in the wellness and healthcare sector that want to provide smoke-free marijuana experience
The major players of marke tinclude Beverages Trade Network, Coca–Cola, Lagunitas, The Alkaline Water Company, New Age Beverages Corporation, COALITION BREWING, Dutch Windmill Spirits, Heineken, KlosterbrauereiWeißenohe, SK Rodnik, Koios Beverage Corporation, The Supreme Cannabis Company, General Cannabis Corporation, Heineken, Coalition Brewing, Bhang Corporation, and Cannabis Energy Drink.For instance, in December 2018, AB InBev signed a partnership with Tilary, a Canadian cannabis distributor and producer, to research non-alcoholic beverages containing CBD and THC.
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