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Cannabis Beverages Market Size, Share, Global Trends and Forecast 2019-2026 | Fortune Business Insights™

01-07-2020 06:00 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fortune Business Insights

Cannabis Beverages Market Size, Share, Global Trends

The increasing consumer inclination towards more-natural, minimally-processed health drinks is a key factor driving the global cannabis Beverages market, says Fortune Business Insights in a report, titled “Cannabis Beverages Market Size, Share & Industry Analysis, By Type (Alcoholic and Non-alcoholic), Distribution Channel (Mass Merchandisers, Specialty Stores, Online Retail,: and Others), and Regional Forecast, 2019 – 2026. Global Market Analysis, Insights and Forecast, 2015-2026.” The market was valued at US$ 173.76 Mn in 2018. Fortune Business Insights states that the market will reach US$ 2,050.44 Mn by the end of 2026, thus exhibiting a CAGR of 37.13%.

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List of prominent companies that are operating in the Cannabis Beverages Market are

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.

To Gain More Insights into the Market with Detailed Table of Content and Figures, Click Here:

https://www.fortunebusinessinsights.com/industry-reports/cannabis-beverages-market-100738

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.

Moreover, Cost and sensory acceptance of cannabis beverages are factors which will further uplift the global cannabis beverages market shares during the forecast period

Major Segments includes:

By Type

Alcoholic
Non-alcoholic
By Distribution Channel

Mass Merchandisers
Specialty Stores
Online Retail
Others
By Region

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.

TOC Continued….!

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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