What’s Driving Cannabis Beverages Market Growth by 2026? | Prominent Players Mentioned are LaCroix Sparkling Water Inc., American Premium Water, The Supreme Cannabis Company, Inc. & Fire-Seed Brands

The Global Cannabis Beverages Market is segmented by type, end-use, and distribution channel. By type, the market is segmented into alcoholic and non-alcoholic beverages. The alcoholic cannabis beverages market is further segmented into cannabis-infused beers, cannabis-infused spirits, cannabis-infused wines, and others. The non-alcoholic cannabis market is further segmented into marijuana tea, marijuana elixirs, cannabis soda, and cannabis coffee and cold brew.

The non-alcoholic cannabis beverages held the largest share in the global market in 2018, due to the growing demand for smoke-free cannabis and the legalization of cannabis for recreational use.
By end-user, the global cannabis beverages market is categorized into household and HoReCa. The HoReCa (Hotel/Restaurant/Café) segment held the largest share in the global cannabis beverages market in 2018, whereas the household segment is expected to register a higher rate of growth in the upcoming years.

The various regulations on the consumption of cannabis beverages are likely to further contribute toward the growth of the HoReCa segment globally. The limited restaurant or hotels serve beverages that contain cannabis in countries that have legalized cannabis.

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Major Leading Players Mentioned:
• LaCroix Sparkling Water Inc.,
• American Premium Water,
• The Supreme Cannabis Company, Inc. and
• Fire-Seed Brands

By distribution channel, the cannabis beverages market is segmented into B2B and B2C (convenience stores, hypermarkets, specialty stores, online stores, and others). The B2C distribution channel held the major market share globally in 2018.

By region, North America held the major share of the global market in 2018 and is estimated to dominate over the forecast period as well. The growing spending on cannabis beverages is expected to propel this regional market. For instance, in 2016, about USD 180 million was expended on edible drinks and foods containing cannabis in California. This market is mainly driven by new consumers and companies invested in the wellness and healthcare sector that want to offer smoke-free marijuana experience. According to the CDC (Centers for Disease Control and Prevention), among the adults in the U.S., the smoking rates reduced from 20.6% in 2009 to 16.8% in 2014.
Cannabis or marijuana is a budding plant, also known as hemp, belongs to the family of Cannabaceae.

For a long time, marijuana was used as a foundation for hemp fiber and oil, which are used for therapeutic purposes and as psychoactive drugs. Currently, the use of cannabis has been extended to consumable drinks called cannabis beverages or drinks. Cannabis beverages are gaining popularity in the market due to the rising demand for wellness beverages by the consumers. This is the primary factor likely to fuel the global cannabis beverages market over the estimated timeframe. Low sugar content, clean ingredients, and an appropriate quantity of cannabis are attracting cannabis smokers toward cannabis beverages, which, in turn, is projected to further drive the global cannabis beverages market in the future. A study revealed that the revenue from the sales of cannabis beverages can outdo the overall demand for cannabis products in the future.

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Major Table of Content:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Prevalence of major dermatitis types by key countries, 2018
4.2. Recent industry developments such as mergers & acquisitions
4.3. Pipeline analysis
4.4. Patent landscape
4.5. Reimbursement scenario by key countries
4.6. Regulatory scenario for key countries
TOC Continued…!

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