The global cannabis infused drinks market has reached a valuation of US$ 400 million in the year 2022 and is predicted to race ahead and end up at US$ 8.7 billion by 2032-end. This astounding market growth is because worldwide demand for cannabis infused drinks is estimated to surge at a CAGR of 37.8% through 2032.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Cannabis Infused Drinks market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Cannabis Infused Drinks market.
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Key findings of the Cannabis Infused Drinks market study:
- Regional breakdown of the Cannabis Infused Drinks market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Cannabis Infused Drinks vendors in detail.
- Region-wise and country-wise fragmentation of the Cannabis Infused Drinks market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Cannabis Infused Drinks market.
Key Companies Profiled
- CAN
- Artet
- The Alkaline Water Company
- Phivida Holdings Inc.
- Koios Beverage Corporation
- VCC Brands
Competitive Landscape
The environment of the cannabis infused drinks market remains competitive owing to the uncertainty that surrounds sales of cannabis in recent years and uses respective rules. The industry in Canada is likely to grow at a noticeable pace due to favorable federal rules that are helpful to stimulate the sales of these products in the country.
The use of novel technologies and adherence to the trends in the beverages industries to create some unique variations is predicted to serve as a noticeable strategy to achieve a competitive edge in the market.
- CAN is one of the most well-known and simplest Cannabis drinks. It generally contains little quantity of carbonated water, agave juice, aromatic oils as well as Californian cannabis extract. Around 4mg CBD and 2mg THC are included in it which provides extremely regulated effects which are comparatively milder than Cannabis beverages. Further, it is accessible to various dispensaries and available on different e-commerce websites.
- Artet, similarly, a non-alcoholic beverage combines cannabis sociability in one bottle with cocktail culture. The product comes in various tastes, each of which has a combination of dry, flowery, and herbal undertones. The container comes with 37.5mg THC which is further divided between fifteen shots that have 2.5mg TCH. These beverages are ideal for first-time users of cannabis beverages.
Segmentation of Cannabis Infused Drinks Industry Research
- By Product Type :
- Alcoholic
- Non-alcoholic
- By Components :
- Cannabidiol (CBD) Infused
- Tetrahydrocannabinol (THC) Infused
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Queries addressed in the Cannabis Infused Drinks market report:
- Why are the Cannabis Infused Drinks market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Cannabis Infused Drinks market?
- Which regions are displaying the fastest growth in the Cannabis Infused Drinks market?
- What are the underlying micro- macroeconomic factors affecting the global Cannabis Infused Drinks market?
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