Press release
Cannabis-based Alcoholic Beverages Market Outlook 2027 : Top Companies, Trends, Growth Factors Details by Regions, Types, and Applications
The widespread effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies to curb the spread of the novel coronavirus, several industries have been on a standstill with zero operational activities. However, a collective effort from the government, as well as the industries is anticipated to bring the economy back on track and aid in resuming industrial activities.
Get Sample PDF Brochure with Impact of COVID19:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cannabis-based-alcoholic-beverages-market-103166
Cannabis-based alcoholic beverages are manufactured by infusing together hemp seeds, cannabis flower, tetrahydrocannabinol (THC), and cannabidiol in alcoholic beverages such as gin, whiskey, vodka, and beer. Owing to the growing trend of consuming innovative drinks, these beverages are gaining popularity across the globe. Several manufacturers are introducing their own version to gain from the lucrative opportunities available in the market.
What does the Report Include?
The global market for cannabis-based alcoholic beverages report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
DRIVING FACTORS
Increasing Rate of Young Drinkers to Favor Growth
According to the Australian Institute of Health and Welfare, 41% of young adults aged 18-24 consumed an average 4 standard drinks on a single occasion in 2019. The high disposable income and improved standard of living is propelling the demand for alcoholic beverages amongst the younger population globally. Additionally, availability of innovative beverages is expected to drive the demand for cannabis-based alcoholic beverages owing to legalization of cannabis in several parts of the world. These factors are expected to bode well for the growth of the global cannabis-based alcoholic beverages market in the forthcoming years.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/cannabis-based-alcoholic-beverages-market-103166
REGIONAL INSIGHTS:
Favorable Cannabis Consumption Role in North America to Augment Growth
Among all the regions, North America is expected to showcase a considerable growth during the forecast period. This is attributable to the favorable rules and regulations regarding the consumption of cannabis that favor the demand for innovative cannabis-based alcoholic beverages in the region.
The market in Asia-Pacific is anticipated to experience a substantial growth backed by the increasing consumption of alcohol trends in countries such as Australia, India, and Japan between 2020 and 2027.
COMPETITIVE LANDSCAPE
Eminent Companies Focus on Partnership to Amplify Their Market Positions
The global cannabis-based alcoholic beverages market is consolidated by the presence of key players that are striving to maintain their stronghold by focusing on partnering with other progressive companies. They are further trying to develop advanced cannabis-based alcoholic beverages to cater to the increasing demand for alcoholic drinks across developed and developing regions.
Industry Development:
• October 2020 – Pabst Labs introduced Pabst Blue Ribbon Cannabis Infused Seltzer for its customers in California. According to the company, the cannabis-based alcoholic beverage will be available online and across several dispensaries in the region.
• September 2020 - Coca-Cola, a global leading beverage brand, announced its partnership with Molson Coors Beverage, a major brewing company. The partnership is aimed at launching an innovative range of hard seltzers in the United States.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/cannabis-based-alcoholic-beverages-market-103166
List of the Companies Profiled in the Global Market for Cannabis-based Alcoholic Beverages:
• Heineken
• Aurora Cannabis
• Canna Wine
• Molson Coors Brewing Company
• Mary Jane’s Magical Hemp Wines
• Dutch Windmill Spirits
• Lagunitas
• Diageo
• SK Rodnik
• Hexo Corp
• Others
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
About Us:
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cannabis-based Alcoholic Beverages Market Outlook 2027 : Top Companies, Trends, Growth Factors Details by Regions, Types, and Applications here
News-ID: 2249892 • Views: …
More Releases from Fortune Business Insights™
World Environment Day 2023: How Saving Water Can Help Us Save The Environment
Wastewater comes from homes, businesses, industrial sites and farms, as well as any stormwater or groundwater that enters the sewer system.
Specialised treatment plants process this wastewater. A combination of technologies is used to achieve the treatment objectives, based on the character of raw wastewater and use of the treated wastewater. These processes include primary, secondary and tertiary treatment. Our research, published today, found wastewater treatment removes a lot of particles,…
Cosmetics Market Research Analysis by Top Key Players, Types, New Trends and For …
The global cosmetics industry was valued at USD 277.67 billion in 2020 and is projected to grow from USD 287.94 billion in 2021 to USD 415.29 billion in 2028, exhibiting a CAGR of 5% during the 2021-2028 period.
In recent times, demand for makeup and skincare products has surged dramatically. Both men and women use it to enhance their overall appearance. The industry offers a wide variety of products, such as hair care, face care,…
Aquafeed Market Trends, Growth, Share, Size and Forecast Research Report 2028
The global aquafeed market size is anticipated to reach USD 85.17 billion by 2028 and exhibit a CAGR of 5.59% during the forecast period. The increasing popularity of aquafeed and the rising investments in the research and developments activities are projected to foster growth for the market. The market's growth is also ascribable to the increasing seafood trade due to the soaring seafood consumption and consumer expenditure on fish and…
Cricket Equipment Market Demand, Recent Trends, Size and Share Estimation by 202 …
The global cricket equipment market size was valued at USD 564.43 million in 2021 and USD 594.46 million in 2022. The market is expected to reach USD 897.02 million by 2029 with a CAGR of 6.05% during the forecast period. Growing demand for cricket bats and equipment from various institutions schools, colleges, cricket clubs, and fitness centers is anticipated to drive market growth. Increasing demand for customized sports products and cricket accessories…
More Releases for Canna
Canna*bidiol Market Growth And Industry Outlook 2024-2033
The Business Research Company recently released a comprehensive report on the Global Canna*bidiol Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of…
Canna*bis Extract Market Report 2024: Strategies And Recent Developments | Canop …
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2168
The Business Research Company offers in-depth market insights through Canna*bis Extract Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The canna*bis extract market size has grown exponentially in recent years. It…
Plant Growing Media Market | Berger, CANNA, FLORAGARD Vertribs, FoxFarm
The global plant growing media market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the plant growing media market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
New Redeemable Cryptocurrency Cana Token Launches, Backed by Canna Seeds
New Redeemable Cryptocurrency Cana Token Launches, Backed by Cannabis SeedsInteractive Cannabis Token Website Encourages Public to Voice Opinions with Rewards
LIVERPOOL, UK — November 5, 2020 — Today, Cana Token announced the launch of a new way of doing business with a cryptocurrency token linked to cannabis seeds. The token, named “Cana,” is exchanged online as an interactive, redeemable crypto-backed product linked to users’ public perception of popular and valuable cannabis…
Monarch Technologies, Inc. Announces New Partnership with Canna Group Consulting …
Monarch Technologies, Inc. (Fintech), a fully licensed Money Transmittal Service Provider, announced today that it has partnered with an industry leader and pioneer Sami Spiezio, Founder/President of Canna Group Consulting LLC Merchant Group, a consulting group that represents independently owned acquisitions and payments offices across the country.
Cannabis Banking Solutions
Currently, Monarch Technologies is a Fintech Banking Platform, serving businesses as well as City and Governmental Agencies/Regulatory compliance entities. Monarch was built…
Localised Canna Cabanna Stores Bring Cannabis Closer to Canada's Communities
Toronto, ON - February 29, 2020
Customers seeking high-quality cannabis and smoking products will be delighted to learn of the latest opening of a Canna Cabana store.
Located at 435B Yonge St, Toronto, Ontario, the newest store is very much part of the Canna Cabana success story.
The store is the third to be opened in Ontario and will join the 23 branches that are available in Alberta State, and one in Swift…
