The global demand for CBD Beverages Market is presumed to reach the market size of nearly USD 4256.82 MN by 2028 from USD 960.5 MN in 2021 with a CAGR of 23.7% under the study period 2022 - 2028.
CBD, or cannabidiol, is a nonpsychoactive component in cannabis that has a wide range of health benefits while having minimal adverse effects and a low risk of addiction. CBD beverages are thought to be a natural treatment for a range of ailments. CBD-infused beverages are considered to help with various health issues, including pain, anxiety, CNS disease, epilepsy, and more. CBD beverages can be found in various places, including convenience stores, internet stores, and storefront dispensaries.
Market Dynamics
The expansion of the CBD beverage market is being driven by rising consumer awareness of product wellbeing and a growing number of health-conscious customers. The inclination of consumers for natural products over pharmaceuticals will also help the CBD beverage market grow. Baby boomers first used CBD products. Marijuana and hemp have been used in food, clothing, and medical applications. In comparison to millennials and Gen Z, baby boomers are more aware of the benefits of CBD beverages. CBD products are growing popular among baby boomers. Furthermore, with the growing number of baby boomers worldwide and the legalization of CBD beverages, the CBD beverage market is likely to grow. However, the usage of CBD in the food and beverage business is subject to regulation and compliance, which could stifle the market's growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cbd beverages. The growth and trends of cbd beverages industry provide a holistic approach to this study.
Market Segmentation
This section of the cbd beverages market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Pharmaceutical Grade CBD Beverages
- Food Grade Cbd Beverages
By Application
- Convenience Stores
- Online Stores
- Storefront Dispensaries
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cbd Beverages market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global CBD Beverages Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cbd beverages market include Alkaline Water Company, New Age Beverages Corporation, American premium Water, Molson Coors Brewing, Aurora Cannabis, Coca-Cola, CBD Biotechnology Co. Ltd, Cann Trust Holding, Cannara Biotech Inc, Canopy Growth Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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