Global Cannabis Beverages Market is expected to grow at a CAGR of 16.8% during the forecast period from 2019-2025

As per the report published by Fior Markets,the global cannabis beverages market is expected to grow from USD 1,314.4 Million in 2017 to USD 4,567.1 Million by 2025 at a CAGR of 16.8% during the forecast period from 2018-2025.North America is dominating the market due to rising favourable changes in the policy of government infrastructure. Also, rise in the service sector is expected to drive the Cannabis Beverages market

Cannabis Beverages Market by Type (Alcoholic, Non-Alcoholic), End Use (Household,HoReCa), Distribution Channel (B2B, B2C), Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

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Leading companies in the industry include Beverages Trade Network, Coca-Cola, Lagunitas, The Alkaline Water Company, New Age Beverages Corporation, COALITION BREWING, Dutch Windmill Spirits, Heineken, KlosterbrauereiWei�enohe, SK Rodnik, Koios Beverage Corporation, The Supreme Cannabis Company, General Cannabis Corporation, Heineken, Coalition Brewing, Bhang Corporation, and Cannabis Energy Drinkamong otherswhichare offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in December 2018, AB InBev signed a partnership with Tilary, a Canadian cannabis distributor and producer, to research non-alcoholic beverages containing CBD and THC.

The end use segment is classified into household and HoReCa. The HoReCa (Hotel/Restaurant/Caf�) segment held the largest share in the global cannabis beverages market and valued around USD 778.12 Million in 2017. Government regulations on the consumption of cannabis beverages are likely to push the growth of the HoReCa segment globally. Type segment is divided into segments such as alcoholic and non-alcoholic. The alcoholic segment is dominating the market with the highest share of 61.20% in 2017. Cannabis beverages are gaining popularity in the market due to the rising demand for wellness beverages by the consumers. Distribution channel segment includes B2B and B2C. B2C segment is dominating the market and valued around USD 838.58 Million in 2017. The manufacturers produce and directly sell the product into the market with the help of convenience stores, hypermarkets, specialty stores, online stores, and others.

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Low sugar content, clean ingredients, and a proportionate quantity of cannabis are drawing cannabis smokers toward cannabis beverages. Various beverage companies are delving into the cannabis realm and fashioning alcohol and non-alcohol beverages infused with Cannabidiol (CBD) and Tetrahydrocannabinol (THC) which is fuelling the growth of the market. The growing need for wellness beverages by the consumers is another factor influencing the market growth. But various health issues are associated with the consumption of marijuana like intense anxiety, fear, distrust, or panic, the risk of depression and blocks memory formation which may hamper the growth of the market. However, growing legalization of cannabis may promote growth in near future should drive the industry growth in the coming years.

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