Global Cannabis Food And Beverages Market 2020 – Impact of COVID-19, Future Growth Analysis and Challenges | New Age Beverages Corporation, Coalition brewing, Beverages Trade Network, Lagunitas

Cannabis belongs to the family of flowering plants in the Cannabaceae group. The number of the species within the same plant is disputed. Generally three species of cannabis may be recognized such as Cannabis indica, Cannabis sativa, and Cannabis ruderalis. The genus is widely accepted as originated and indigenous to Central Asia. The cannabis plant is sometimes also known as hemp, but this term is used primarily to refer only the varieties of Cannabis that are cultivated for non-drug use. It has long been to make hemp seeds, oil, hemp fiber, and hemp leaves for use as vegetables and juice, or even in medicinal purposes as a recreational drug. There are more than 100 different types of cannabinoids among which tetrahydrocannabinol (THC) and cannabidiol (CBD) are the most popular.

Top Companies Covered in this Report:
Natural Extractions, Dixie Brands Inc., New Age Beverages Corporation, Coalition brewing, Beverages Trade Network, Lagunitas, General Cannabis Corporation, The Supreme Cannabis Company, Koios Beverage Corporation, and The Alkaline Water Company.

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Several food and beverages are being prepared from Cannabis since last few years. Cannabis edible, or a cannabis-infused food is a type food product that contains cannabinoids, especially tetrahydrocannabinol THC or CBD. Most edibles that are made from cannabis contain a noticeable amount of THC, which induces a wide range of health effects, including relaxation, increased appetite, euphoria, anxiety, and fatigue. THC or CBD infused edibles food items are consumed for medical and recreational purposes. Food and beverages that are made by using non-psychoactive cannabis are called hemp foods. Cannabis-infused baked good is a common type of cannabis food. Popular varieties of such baked food include space cakes, pot brownies, and hash cookies. Some products such as Floyd's of Leadville CBD Recovery Protein and snack protein bars are specially targeted at those athletes who are looking for CBD infused food products as a way of recovery after workouts.

Cannabis is considered as a drug which makes the consumer feel high, and thus, its use in food and beverage was limited and regulated in many countries until the start of the 21st century. However, cannabis has been legalized in many regions in the past few years and owing to this, the cannabis food and beverages market is expected to experience promising growth in the coming years. In the U.S., 33 states legalized medical cannabis and 10 states have legalized cannabis for adult use. Thus, this step toward legalizing cannabis is driving the growth of the cannabis food and beverage market.

Welcoming the legalization of Cannabis, established players are inventing food and beverages that are made from cannabis. There is a wide range of CBD mixed food and beverages products that are currently available in the market. Some of these products are olive oil, flavored waters, chocolate, cider, specialized tea, coffee, and lemonade. Apart from these products CBD infused wine is the new trend in the spirits. Moreover, many of the well established players in the market including the Coca-Cola Company, have mentioned that they are closely watching the development of cannabis market for food and beverage. Along with Coca-Cola, Walmart is also planning to make cannabis products available in their stores in Canada. Hence, this is expected to provide potential opportunities for the cannabis food and beverage market during the forecast period.

There are still regulations in many part of world about the use of cannabis while preparing food and beverages. This factor slows the growth of the cannabis food and beverages market in these regions, which is affecting the overall growth of the global cannabis food and beverage market.
The cannabis food and beverage market is segmented on the basis of product type, distribution channel, and region. The product type segment includes bakery products, chocolate, cereal bars, candy, beverages, ice cream, and others. On the basis of distribution channel, the segment is classified into mass merchandisers, specialty store, online stores, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Table Of Content
Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Cannabis Food And Beverages Market, By Product Type

Chapter 5: Cannabis Food And Beverages Market, By Distribution Channel

Chapter 6: Cannabis Food And Beverages Market, By Region

Chapter 7: Competitive Landscape

Chapter 8: Company Profiles

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