DUBLIN--(BUSINESS WIRE)--The "Global Cannabis Food and Beverage Market 2021-2026" report has been added to ResearchAndMarkets.com's offering.
This report suggests that the cannabis food and beverage market is projected to witness growth at a CAGR of 15.15% over the forecasted period of 2021-2026.
Companies Mentioned
- Energy Drink
- Coalition Brewing
- Dixie Brands Inc
- Dutch Windmill Spirits Bv
- General Cannabis Corp
- Koios Beverage Corp
- Lagunitas Brewing Company
- New Age Beverages Corporation
- Alkaline88 LLC
- the Supreme Cannabis Company Inc
- Phivida Holdings Inc
The legalization of medical or recreational cannabis, coupled with the availability of various flavors in wellness drinks, are key factors propelling the cannabis food and beverage market's growth. As legalization has brought cannabis into the mainstream market, several high-end products are including CBD compounds across North America and Europe. Moreover, several drinks include CBD to offer users a sudden energy boost, increased focus, and more alertness.
However, the decrease in the supply-demand ratio of cannabis and adverse health effects related to CBD products obstruct the overall growth of the cannabis food and beverage market.
The global cannabis food and beverage market covers North America, Asia-Pacific, Latin America, Europe, Middle East, and Africa.
Globally, North America holds the largest market for the cannabis food and beverage market. In the US, the cannabis industry is growing at a rapid pace, generating billions of dollars each year. As per estimates, CBD product sales are likely to reach over 20 billion across the country. The growing demand for these products can be observed among the baby boomers, as per the Annals of Internal Medicine study. Additionally, the use of cannabis is mainly for recreational purposes among states where its use has been legalized.
Furthermore, several companies are exploring the idea of infusing CBD into alcoholic beverages. Among the products, brownies are a widely common food product to be infused with cannabis. Hence, the rising demand for cannabis products for recreational purposes supplements the growth of the cannabis food and beverage market across the US, leading to the region's growth.
Key Topics Covered:
1. Global Cannabis Food and Beverage Market - Summary
2. Industry Outlook
2.1. Key Insights
2.1.1. Increased Usage in Consumables
2.1.2. Benefits Offered by Cbd Gummies
2.2. Impact of COVID-19 on Cannabis Food and Beverage Market
2.3. Porter's Five Forces Analysis
2.4. Impact of Government Regulations on the Market
2.5. Market Attractiveness Matrix
2.6. Vendor Scorecard
2.7. Market Drivers
2.7.1. Legalization of Medical or Recreational Cannabis
2.7.2. Availability of Different Flavors in Wellness Drinks
2.8. Market Challenges
2.8.1. Decrease in the Supply-Demand Ratio
2.8.2. Adverse Health Effects Associated With Cannabis
2.9. Market Opportunities
2.9.1. Increase in Use of Cannabis in Various Health Disorders
3. Global Cannabis Food and Beverage Market - by Distribution Channel
3.1. Mass Merchandisers
3.2. Specialty Store
3.3. Online Stores
3.4. Others
4. Global Cannabis Food and Beverage Market - by Product Type
4.1. Bakery Products
4.2. Chocolate
4.3. Cereal Bars
4.4. Candy
4.5. Beverages
4.6. Ice Cream
4.7. Others
5. Global Cannabis Food and Beverage Market - Regional Outlook
6. Competitive Landscape
6.1. Energy Drink
6.2. Coalition Brewing
6.3. Dixie Brands Inc
6.4. Dutch Windmill Spirits Bv
6.5. General Cannabis Corp
6.6. Koios Beverage Corp
6.7. Lagunitas Brewing Company
6.8. New Age Beverages Corporation
6.9. Alkaline88 LLC
6.10. The Supreme Cannabis Company Inc
6.11. Phivida Holdings Inc
7. Methodology & Scope
For more information about this report visit https://www.researchandmarkets.com/r/kwdqj
