The report of Global CBD based Beverages Market by Type (Marijuana-derived, Hemp-derived cannabis), Product (Beer, Water, Juice, Tea, Coffee, Others), Application (Millennials, gen-z, Baby boomers), and Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) is expected to reach US$ 7.8 Bn by 2026, at a CAGR of XX% during a forecast period.
The growth is CBD based beverages is primarily driven by a growing demand for functional beverages made with healthy, natural ingredients and increasing public awareness of the health and wellness benefits of CBD. Combined with the advances in CBD manufacturing technology, there are already many different companies offering CBD-infused drinks in the U.S. and other countries. Such as the popular tea company Buddha Teas offers four varieties of CBD tea infused with chamomile, match, and other ingredients.
Marijuana-derived segment is expected to grow at the highest XX% CAGR during the forecast period.
Marijuana-derived CBD is extracted from marijuana plants that have lush foliage & flowers, and are usually grown and consumed for their intoxicating properties. These plants contain a high amount of THC as its predominant cannabinoid and less amount of CBD, which makes them proper for pharmaceutical products.
North America is expected to witness the fastest growth during the forecast period.
North America dominates the market that is forecasted to hold XX% of the market by 2026 with a growth rate of XX%. Factors such as new consumers who want to experience smoke-free marijuana, and a growing number of companies investing in the healthcare sector and wellness sector in this region are promoting the market in this region. CBD beverages have all of these properties, and it is positively changing the drinking preferences of the millennials based on its health benefits. This is further unlocking numerous opportunities for the CBD based beverages market in North America.
Key players operating in the Global CBD based Beverages Market are Alkaline Water Company, Canopy Growth Corporation, New Age Beverages Corporation, Tilray Inc, Coca-Cola, Heineken, American Premium Water, Phivida Holdings, Cannara Biotech Inc, Molson Coors Brewing, Aurora Cannabis, CannTrust Holdings, CBD Biotechnology Co. Ltd
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the . The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain positioning of competitors.
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