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The Global Cannabis Food and Beverage Market Assessed to Obtain $839.94 Million in Value by 2026
The Global Cannabis Food and Beverage Market
A recent study by Triton Market Research titled ‘Global Cannabis Food and Beverage Market’ includes the Global Analysis and Forecasts by Product Type (Cereal, Chocolate, Bakery Products, Candy, Beverages, Ice Cream, Others), Distribution Channel (Specialty Store, Mass Merchandisers, Online Stores, Others), and by Geography (Latin America, North America, Middle East and Africa, Europe, Asia-Pacific).
Request Free Sample of the Global Cannabis Food and Beverage Market Report @ https://www.tritonmarketresearch.com/reports/cannabis-food-and-beverage-market#request-free-sample
Triton’s report projects the global cannabis food and beverage market is set to develop at a CAGR of 15.15% through the evaluated period of 2021-2026. It is predicted to gain revenue worth $839.94 million by 2028.
Cannabis-induced food and beverage products are offered to consumers via various distribution channels, including specialty stores and online stores. The cannabis plant has proven to offer various medicinal benefits and is widely used for recreational and medical purposes.
Several high-end products containing CBD compounds have become immensely popular across Europe and North America. This has led to the formulation of various beverages induced with cannabis, providing users with a sudden energy boost, increased focus, and alertness. Moreover, various flavors are added to these drinks to increase their appeal among consumers. Hence, the availability of various flavors is adding to the growth of the cannabis food and beverage market.
Although various countries have legalized cannabis use, various countries have banned cannabis. This has led to low production, leading to a supply shortage. Thus, a reduction in the supply-demand ratio of cannabis challenges the progress of the cannabis food and beverage market.
The cannabis food and beverage market bifurcated into product type and distribution channel. Based on product type, it is divided into cereal, chocolate, bakery products, candy, beverages, ice cream, and others. Further, the distribution channel is segmented into specialty stores, mass merchandisers, online stores, and others.
Globally, North America dominates the cannabis food and beverage market. Among the region’s nations, the Canadian government has legalized the use of cannabis for recreational purposes. Alberts, for instance, is rounding up the second-highest sales of cannabis after Ontario. Additionally, the sales of cannabis increased after the outbreak of the COVID-19 pandemic. This rise in the consumption rate of cannabis will increase its demand for various food and beverage products, thereby motivating the growth of the cannabis food and beverage market across the country.
Dixie Brands Inc, Energy Drink, Koios Beverage Corp, New Age Beverages Corporation, Dutch Windmill Spirits BV, Lagunitas Brewing Company, Coalition Brewing, General Cannabis Corp, Alkaline88 LLC, The Supreme Cannabis Company Inc, and Phivida Holdings Inc.
Purchase this Report @ https://www.tritonmarketresearch.com/reports/cannabis-food-and-beverage-market#purchase-option
Question & Answer: Cannabis Food and Beverage Market
Question 1: What elements are contributing to the growth of the activated carbon market?
Answer: Several high-end products containing CBD compounds have become immensely popular across Europe and North America. This has led to the formulation of various beverages induced with cannabis, providing users with a sudden energy boost, increased focus, and alertness. Moreover, various flavors are added to these drinks to increase their appeal among consumers. Hence, the availability of various flavors is adding to the growth of the cannabis food and beverage market.
Question 2: What factors are limiting the expansion of the activated carbon market?
Answer: Although various countries have legalized cannabis use, various countries have banned cannabis. This has led to low production, leading to a supply shortage. Thus, a reduction in the supply-demand ratio of cannabis challenges the progress of the cannabis food and beverage market.
Question 3: Which region dominates the cannabis food and beverage market?
Answer: Globally, North America dominates the cannabis food and beverage market. Among the region’s nations, the Canadian government has legalized the use of cannabis for recreational purposes. Alberts, for instance, is rounding up the second-highest sales of cannabis after Ontario. Additionally, the sales of cannabis increased after the outbreak of the COVID-19 pandemic. This rise in the consumption rate of cannabis will increase its demand for various food and beverage products, thereby motivating the growth of the cannabis food and beverage market across the country.
Question 4: Which are the renowned enterprises present in the activated carbon market?
Answer: Dixie Brands Inc, Energy Drink, Koios Beverage Corp, New Age Beverages Corporation, Dutch Windmill Spirits BV, Lagunitas Brewing Company, Coalition Brewing, General Cannabis Corp, Alkaline88 LLC, The Supreme Cannabis Company Inc, and Phivida Holdings Inc.
Related Report:
Global CBD Skin Care Market
The global CBD skin care market is predicted to showcase growth in its revenue during 2019-2028 at a CAGR of 21.44%. It is likely to acquire revenue worth $3168.44 million by 2028.
Cannabis includes various compounds referred to as cannabinoids. Moreover, it also contains tetrahydrocannabinol (THC) that offers a psychoactive effect.
Factors such as the rising use of cannabis for recreational and medicinal purposes and benefits offered by CBD-infused skincare products are augmenting the growth of the CBD skin care market.
Besides, the increasing health awareness and personalized skincare products are creating new opportunities for the CDB skin care market.
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