Cannabis-Based Alcoholic Beverages Market Accounted For USD 1,313 Million In 2020 And Is Expected To Reach USD 9,825 Million By 2028, Growing At A CAGR Of 28.6% From 2021 To 2028.

Credible Markets has added a new key research reports covering Cannabis-based Alcoholic Beverages Industry. The study aims to provide global investors with a game-changing decision making tool covering key fundamentals of the Cannabis-based Alcoholic Beverages Industry. The research report will include total global revenues in the market with historical analysis, key figures including total revenues, total sales, key products, instrumental drivers, and challenges. The report data is derived from extensive primary and secondary information sources with a reliable in-depth overview of the Cannabis-based Alcoholic Beverages Industry.

The market is highly fragmented in nature, owing to the presence of several small and medium scale companies. The majority of the companies are based in Canada, owing to the legalization of marijuana for medical and recreational purposes in the country. The rise in legalization of marijuana in order to eradicate the black market and to boost the tax revenue from legal sales of marijuana products is anticipated to positively influence the growth.

The rising popularity of wellness drinks is also expected to support the demand over the forecast period. The legalization of cannabis for medical and recreational purposes has had a strong impact on the sales of alcoholic drinks. As a result, many alcohol manufacturers are investing in the growing trend of marijuana-infused drinks. Consumers are shifting their preference from soft drinks to wellness drinks leading to the increasing sale of cannabis beverages. Low sugar content in drinks is the major driving factor for the growth of the market. Also, consumers prefer these beverages as an alternative to cannabis smoking and consumption of marijuana-infused chocolates, cookies, brownies, and confectionaries like gummies and candies. Off-trade sales channels such as hotels, cafes, restaurants, clubs, and lounges are expected to boost the popularity of the product among consumers.

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Key players in the Global Cannabis-based Alcoholic Beverages Industry covered in Chapter 13:
• Great North Distributors
• Klosterbrauerei Weienohe
• Dutch Windmill Spirits
• Constellation Brands
• Heineken
• Corona
• Lagunitas
• SK Rodnik
• Coalition Brewing
• CERIA Beverages
• Molson Coors Brewing Co.

In Chapter 6, on the basis of types, the Cannabis-based Alcoholic Beverages Industry:
• Gin
• Wine
• Beer
• Whiskey
• Vodka
• Absinthe

In Chapter 7, on the basis of applications, the Cannabis-based Alcoholic Beverages Industry:
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores

Geographically, the detailed analysis of consumption, revenue, and market share and growth rate of the following regions: United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World

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Some Points from Table of Content

Global Cannabis-based Alcoholic Beverages Industry Report - Production and Consumption Professional Analysis (Impact of COVID-19)
Table of Content
1 Cannabis-based Alcoholic Beverages Introduction and Market Overview
2 Executive Summary
3 Industry Chain Analysis
4 Global Cannabis-based Alcoholic Beverages Market, by Type
5 Cannabis-based Alcoholic Beverages Market, by Application
6 Global Cannabis-based Alcoholic Beverages Market Analysis by Regions
7 North America Cannabis-based Alcoholic Beverages Market Analysis by Countries
8 Europe Cannabis-based Alcoholic Beverages Market Analysis by Countries
9 Asia Pacific Cannabis-based Alcoholic Beverages Market Analysis by Countries
10 Middle East and Africa Cannabis-based Alcoholic Beverages Market Analysis by Countries
11 South America Cannabis-based Alcoholic Beverages Market Analysis by Countries
12 Competitive Landscape
13 Industry Outlook
14 Global Cannabis-based Alcoholic Beverages Market Forecast
15 New Project Feasibility Analysis

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Some of the most important bits of information assembled through the business survey study on the Global Cannabis-based Alcoholic Beverages Industry includes:

• Main incumbent players in the Cannabis-based Alcoholic Beverages Industry
• Newest developments that can positively increase the demand in the market
• Scientific advancements that can propel consumer demand in Cannabis-based Alcoholic Beverages Industry
• Anticipated CAGR over the forecast period i.e. 20XX to 20YY
• Largest consumer countries and regions for the products in Cannabis-based Alcoholic Beverages Industry
• Projected market evaluation in 20YY i.e. end of the forecast period in US$

Impact of Covid-19 in Cannabis-based Alcoholic Beverages Industry: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Cannabis-based Alcoholic Beverages Industry in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

Thanks for reading this article you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.

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