Cannabis Drinks Market, Global Outlook and Forecast 2024-2030
The global Cannabis Drinks market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Cannabis Beverages originated in Europe and the United States and other countries where medical marijuana and recreational marijuana were legalized. It refers to a drink made by extracting the active ingredients from the stems, leaves, flowers and seeds of cannabis and combining them with other nutrients, israel, the Netherlands and other medical marijuana or recreational marijuana open areas of the major supermarkets, cannabis stores, pharmacies are sold, has become a local demand for hot drinks.
This report aims to provide a comprehensive presentation of the global market for Cannabis Drinks, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cannabis Drinks. This report contains market size and forecasts of Cannabis Drinks in global, including the following market information:
- Global Cannabis Drinks Market Revenue, 2019-2024, 2025-2030, ($ millions)
- Global Cannabis Drinks Market Sales, 2019-2024, 2025-2030, (KL)
- Global top five Cannabis Drinks companies in 2023 (%)
All segments of the beverage industry are now embracing cannabis-infused drinks, with a clear potential for a growing consumer base as 16% of people who have not yet consumed cannabis-infused drinks say they will probably do so within the next 12 months. They estimate the global cannabis drinks market will be worth US$1.82 billion by the end of 2021
When facing an economic crisis, consumers will be more willing to buy less costly luxury goods. The underlying assumption is that consumers will buy luxury goods even if there is a crisis, but that these goods will be more budget conscious luxury. Cannabis infused drinks are an ideal example of this.
Consumers are stockpiling cannabis products in a bid to ensure that their supplies are secured indefinitely. As part of the home entertainment line-up in regions where cannabis is legal, beverages can expect to benefit from this trend in hard times to watch more television and spend more on little extras for their in-home leisure. The current stressors of 2021 have already proven to be a boost to cannabis-based products. Despite the current inevitable economic downturn, cannabis is still set to record impressive growth as consumers look for products to help them relax and de-stress and as the most popular format, drinks will likely be the greatest beneficiary.
Consumer demand is strong; One in four consumers or would-be consumers of other cannabinoid-based products would be willing to try cannabis-infused drinks, and 28% of people who have already tried infused beverage consumers say they intend to buy more infused consumer goods in the coming three months.
We surveyed the Cannabis Drinks manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cannabis Drinks Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (KL)
Global Cannabis Drinks Market Segment Percentages, by Type, 2023 (%)
Global Cannabis Drinks Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (KL)
Global Cannabis Drinks Market Segment Percentages, by Application, 2023 (%)
- Mass Merchandiser
- Specialty Stores
- Online Retail
- Other
Global Cannabis Drinks Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (KL)
Global Cannabis Drinks Market Segment Percentages, By Region and Country, 2023 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Cannabis Drinks revenues in global market, 2019-2024 (Estimated), ($ millions)
- Key companies Cannabis Drinks revenues share in global market, 2023 (%)
- Key companies Cannabis Drinks sales in global market, 2019-2024 (Estimated), (KL)
- Key companies Cannabis Drinks sales share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Constellation Brands
- Aurora Cannabis
- Canopy Growth Corporation
- Aphria
- Cronos Group
- CannTrust Holdings
- VIVO Cannabis
- Tilray
- OrganiGram Holdings
- American Premium Water
- The Supreme Cannabis Company
- Joybird Hemp Beverage
Outline of Major Chapters:
Chapter 1: Introduces the definition of Cannabis Drinks, market overview.
Chapter 2: Global Cannabis Drinks market size in revenue and volume.
Chapter 3: Detailed analysis of Cannabis Drinks manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Cannabis Drinks in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Cannabis Drinks capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
