openPR Logo
Press release

Cannabis Infused Drinks Market: THC and CBD Remain Preferred Cannabinoids Reveals Fact.MR

03-01-2021 03:09 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Cannabis Infused Drinks Market

Cannabis Infused Drinks Market

Cannabis has become the buzz word in the beverage industry, and mainstream companies are already taking strides in the CBD- and/or THC-infused drinks landscape. According to a new study by Fact.MR, the global sales of cannabis infused drinks will surpass US$ 200 Mn in 2019. While the legalization of marijuana in over 10 states of the U.S. sparked a wave of innovative product launches in the edibles space, the second wave of recreational marijuana legalization resulted in a lawful emergence and proliferation of cannabis infused beverages – alcoholic and non-alcoholic.

Click HERE to Get Synopsis of the Report- https://www.factmr.com/report/3383/cannabis-infused-drinks-market

Beer companies have already infiltrated the cannabis industry, with leading brewers investing millions to leverage the first-mover advantage, meanwhile banking on their anticipation of a nationwide legalization of cannabis in the foreseeable future. The study finds that cannabis infused beer leads the way, accounting for nearly 70% sales of ‘alcoholic’ category. This is significant, as the ‘alcoholic’ category is estimated to hold nearly three-fourth shares of the cannabis infused drinks market. Leading brewers are focusing their efforts toward navigating the hazy path rules & regulation to deduce prospective opportune potential of cannabis-infused beer.

For large beverage manufacturers, the push into cannabis initiated by the fear of missing out; and the current boom in pot investment by leading beverage companies is driven by the already trending shift of millennials from the usual wine or cocktails to cannabis-infused beverages, beer in particular. Availability continues to be a key sales propellant of cannabis infused drinks, as these beverages are approved to be sold in modern trade chains across regions where marijuana has been legalized for medicinal and recreational use.

The study finds a remarkable uptick in consumer preference for ‘non-alcoholic’ category, which range from functional drinks, tea and coffee, to juices. Although the non-alcoholic category currently accounts for meagre shares of cannabis infused drinks market, prospects are expected to be bullish as the permeation of recreational marijuana gradually grows, and players tap the opportune potential in the demographic group that cringes away from alcohol consumption. According to the study, sales of non-alcoholic cannabis infused drinks will record a 30% Y-o-Y in 2019 over 2018.

This Press Release will help you to understand the market Statistics of the European Region.

Click HERE To get a SAMPLE PDF (Including Full TOC, Table & Figures) at https://www.factmr.com/connectus/sample?flag=S&rep_id=3383

THC and CBD Remain Preferred Cannabinoids, Hybrid to Gradually Pick Pace

THC-infused drinks have been the first preference among consumers, however CBD-infused drinks have also gained sheer traction in the recent past. These two cannabinoid categories are estimated to account for over 70% sales of cannabis infused drinks worldwide in 2019. However, the study opines that hybrid cannabis infused drinks that contain both CBD and THC strains will pick up pace gradually – estimated to register a 40% Y-o-Y in 2019 over 2018.

Leveraging emerging technology, while tracking trends in mainstream beverage industries, in order to introduce innovative variants, continue to remain key expansion strategies of players in the cannabis infused drinks market. Additionally, the growing consumer preference for cannabis-infused products, which impart particular effects has been hard-pressing leading beverage companies in offering a diverse variety of THC as well as CBD dosages in their product offerings. A greater emphasis on organic and naturally-sourced ingredients continues to mold prospects of the cannabis infused drinks market.

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/3383/S

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.
While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.
Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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 Infused Drinks Market: THC and CBD Remain Preferred Cannabinoids Reveals Fact.MR here

News-ID: 2250261 • Views:

More Releases from Fact.MR

Berberine Supplement Market Surges Past US$ 2.05 Billion Mark by 2034, Fueled by 8.6% CAGR
06-21-2024 | Food & Beverage
Fact.MR
Berberine Supplement Market Surges Past US$ 2.05 Billion Mark by 2034, Fueled by …
According to Fact.MR's projections, the global berberine supplements market is expected to be worth US$ 897.6 million in 2024 and US$ 2.05 billion by 2034, representing a compound annual growth rate of 8.6% over the next ten years. Supplement sales of berberine are being driven by rising consumer awareness of natural health supplements and their potential advantages. Berberine is a chemical that is present in numerous plants, including Oregon grape, barberry,
Aquafaba Market Anticipates US$ 189.6 Million Valuation by 2034, Driven by 16.4% CAGR
06-21-2024 | Food & Beverage
Fact.MR
Aquafaba Market Anticipates US$ 189.6 Million Valuation by 2034, Driven by 16.4% …
The aquafaba market is expected to grow at a CAGR of 16.4% between 2024 and 2034, from US$ 41.5 million in 2024 to US$ 189.6 million by the end of 2034. As more people adopt vegan diets, there is a growing need for plant-based alternatives to traditional animal-based items. Aquafaba, the liquid that remains after cooking legumes like chickpeas, is a well-liked plant-based alternative to eggs in many recipes, particularly among
Cascara Sagrada Extract Market Projected to Reach US$ 115.6 Million by 2034, Growing at a CAGR of 6.5%
06-21-2024 | Food & Beverage
Fact.MR
Cascara Sagrada Extract Market Projected to Reach US$ 115.6 Million by 2034, Gro …
With a compound annual growth rate (CAGR) of 6.5% over the following ten years, the global cascara sagrada extract market is projected to reach US$ 115.6 million by the end of 2034 from an estimated US$ 61.5 million in 2024. Sacred bark, or Cascara sagrada, is a plant native to North America that has long been utilized for its therapeutic benefits, most notably as a natural laxative. Extracts from Cascara sagrada
Wound Healing Assessment Market Projected To Reach US$ 176.8 Million By The End Of 2034
06-20-2024 | Health & Medicine
Fact.MR
Wound Healing Assessment Market Projected To Reach US$ 176.8 Million By The End …
Assessing wound healing is vital in medical care, allowing healthcare professionals to effectively evaluate and track the healing process. Recent technological advancements and heightened awareness of wound management's significance have significantly driven the expansion of the wound healing assessment market. This article provides a detailed exploration of Fact.MR's comprehensive report on the wound healing assessment market, examining the pivotal trends, driving forces, challenges, and opportunities influencing this industry. Get Free Sample

All 5 Releases


More Releases for Cannabis

Cannabis Market: Study Navigating the Future Growth Outlook | Aphria, Aurora Can …
An off-the-shelf report on Cannabis Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical
Medical Cannabis Market Size, Growth Rate, COVID-19 Impact, Key Players-Canopy G …
The Latest research study released by DBMR "Global Medical Cannabis Market" with 350+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. This Research Report presents you analysis of market size, share, and growth, trends, and cost structure, statistical and comprehensive data of the global market. A number
Cannabis Infused Products Market Worth Observing Growth|Canopy Growth, Aurora Ca …
Cannabis Infused Products Market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to witness the growth at an annual pace of 22.0% in the forecast period. The growing awareness about the well-being and mental health benefits is driving the market scope of cannabis infused products. Cannabis infused products market is growing with the successive application of marijuana or
Cannabis Market Demand, Competitive Landscape and Outlook by 2027 Key Players - …
Cannabis or Marijuana is a psychoactive drug from the Cannabis plant used for medical or recreational purposes. Cannabis market is expected to reach US$ 153,689.9 Mn in 2027 from US$ 10,838.1 in 2018. The market is estimated to grow with a CAGR of 34.5% from 2019-2027. The report highlights the trends prevalent in the global cannabis market and the factors driving the market along with those that act as deterrents
By 2027, Cannabis Market is reaching 34.5% of CAGR Lead by Aurora Cannabis, Cann …
Global “Cannabis Market” report has implemented a systematic way to evaluate the dynamics of the overall Cannabis market. It provides a comprehensive study comprising of a top-to-bottom research on the market dynamics, including growth drivers, challenges, threats, and potential growth opportunities, with a key focus on the global market and the regional market. In a chapter-wise format, the report evaluates the global supply and demand trends in the global market,
Increasing Legalization of Cannabis Drives the Cannabis Market
The report "Cannabis Market by Product Type (Flower, Concentrates), Compound (THC-Dominant, CBD-Dominant, and Balanced THC & CBD), Application (Medical and Recreational), and Region (North America, South America, Europe, and Row) - Global Forecast to 2023", The cannabis market is projected to grow from USD 10.3 billion in 2018 to USD 39.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.7% during the forecast period. The increasing legalization