Press release
Growth Dynamics on Cannabis Beverages Market 2019-2026| Key Players: Aurora Cannabis, Aphria, Canopy Growth Corporation, MedReleaf, Cronos Group, GW Pharmaceuticals and more
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Some of the major companies in the Global Cannabis Beverages Market are
• Aurora Cannabis
• Aphria
• Canopy Growth Corporation
• MedReleaf
• Cronos Group
• GW Pharmaceuticals
• CannTrust Holdings Inc.
• VIVO Cannabis Inc.
• Tilray
• OrganiGram Inc.
In addition to the legalization of cannabis for recreational purposes, its use as a medical aid for patients has given a kick start to the cannabis beverages market. Thereby, as the market is expected to gain as an increasing number of food manufacturers sinclude CBD and THC in a variety of beverages. The cannabis beverages market is witnessing high demand as an increasing number consumers seek the robust recreational marijuana for, healthy, innovative and smoke-free experience. Furthermore, as a result of ongoing trend and changing consumer preference products such as hemp juices, Cannabidiol (CBD) Infused water, CBD Infused tea, Tetrahydrocannabinol (THC) Infused beer, THC Wine, Hemp milk, and Hemp gin are introduced. Hence, the introduction of new concepts by key companies will augment the growth of the global cannabis beverages market.
Rising Demand for Health and Wellness Beverages Will Favor Market Growth
The increasing demand for health and wellness beverages that are infused with bioactive compounds will boost the cannabis beverages market revenue. Swayed by prevailing trends, several key companies are developing innovative beverages. This will in turn give impetus to the cannabis beverages market growth. For instance, Caliva, one of the largest vertically integrated cannabis companies in California, acquired Zola, the maker of plant-powered beverages, to expand into the cannabis and hemp-based CBD (hCBD) beverage space. Moreover, the collaboration among leading players to launch cannabis-infused beverages will also contribute to the global cannabis beverages growth.
For instance, Hexo Corp., a licensed producer of cannabis-based in Quebec, Canada, entered a joint venture with Molson Coors Canada to produce CBD-infused beverages. In addition, advancements in the isolation and purification techniques for active ingredients such as nano-emulsification will aid growth of the global cannabis beverages market. For instance, nano-emulsification provides better formulations and effective nutritional profiles that are in line with the consumer’s acceptance.
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Moreover, Cost and sensory acceptance of cannabis beverages are factors which will further uplift the global cannabis beverages market shares during the forecast period.
Segmentation
By Type
• Alcoholic
• Non-alcoholic
By Distribution Channel
• Mass Merchandisers
• Specialty Stores
• Online Retail
• Others
By Geography
Collaborations and Acquisitions Among Key Players Will Enable Growth
The development of products which resonate consumer’s inclination towards more-natural, minimally-processed and health-promoting drinks has led to the rapid expansion of cannabis beverages market. Leading market players are primarily focusing on developing products infused with THC and CBD alongside providing a variety of beverage options for consumers. Furthermore, the partnership between leading players to launch flavourful CBD infused beverages will create growth opportunities for the global cannabis beverages market. In addition, collaboration among key companies to establish a cannabis-focused sales brokerage company will also aid the cannabis beverages market growth during the forecast period. For instance, CannTrust inked a strategic partnership with Breakthru Beverage Group to establish a cannabis-focused sales brokerage company.
Major Table of Content
1. Introduction
1.1. Definition, By Segment
1.2. Research Approach
1.3. Sources
2. Executive Summary
3. Market Dynamics
3.1. Drivers, Restraints, and Opportunities
3.2. Emerging Trends
4. Key Insights
4.1. Overview of the Cannabis-based Edibles Market - Trends and Forecast
4.2. Production and Consumption Patterns of Cannabis Beverages- Analysis and Forecast
4.3. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
5. Global Cannabis Beverages Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecasts
5.2.1. By Type (Value)
5.2.1.1. Alcoholic
5.2.1.2. Non-alcoholic
5.2.2. By Distribution Channel (Value)
5.2.2.1. Mass Merchandisers
5.2.2.2. Specialty Stores
5.2.2.3. Online Retail
5.2.2.4. Others
5.2.3. By Region (Value)
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Rest of the World
6. North America Cannabis Beverages Market Analysis, Insights and Forecast, 2015-2026
TOC Contiuned….!
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