Press release
Beverage Market Is Booming Worldwide 2024 - 2031 | Aurora Inc., Aphria Inc., Canopy Growth Corporation
Cannabis Beverage Market
Global beverage market is estimated to be valued at USD 205.1 Mn in 2024 and is expected to reach USD 849.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 22.5% from 2024 to 2031.
Market Dynamics:
The global Beverage Market is expected to witness significant growth over the forecast period owing to growing popularity of -infused drinks and increasing legalization of across various regions. Consumers are gravitating towards these beverages as they offer a convenient and controlled way of consumption without the associated smoke from other products. Moreover, beverages come in various flavors that appeal to a wide demographic. The consumption of -infused drinks is also growing due to rising awareness about medical benefits of in conditions like inflammation, chronic pain and anxiety. However, development of standardized serving sizes and packaging remain a challenge for the industry.
๐Sample Copy of the Report @ https://www.coherentmarketinsights.com/insight/request-sample/3390
Beverage Market Drivers
Growing acceptance of recreational use driving the market growth
The number of countries and states legalizing both medical and recreational use of is increasing at a steady pace. Many view as less harmful than alcohol. This increasing acceptance and legalization of for both medical and recreational purposes has significantly boosted the demand for -infused products like beverages. As social stigma around continues to reduce, more people are open to trying beverages. This growing acceptance is a major driver for the beverage industry.
Declining Brand Loyalty in Alcoholic Beverage Market Presenting New Opportunities
Brand loyalty amongst consumers in the alcoholic beverage market is declining mainly due to the rising health consciousness. With the availability of -infused drinks that provide relaxation without the additives in alcoholic drinks, consumers are willing to experiment with beverages. The 'sin industries' like alcohol and tobacco are shifting to to leverage the growing market opportunity. beverage makers are promoting their products as a healthier substitute to alcoholic drinks which is attracting the existing customers of beers, wines, and spirits looking for alternatives. This shift from alcohol is a prominent driver for the beverage market.
Beverage Industry Trends
Innovation in Products and Technologies Driving Market Evolution
Rapid advancements are being witnessed in extraction technologies which allows producing high-quality, cost-effective and novel ingredients. These innovations are enabling development of diverse beverage product categories including infused water, cocktails, cold brew coffee, and functional wellness drinks. This evolution from traditional smoking and vaping methods to innovative delivery forms like beverages is increasing the addressable market for . Continued focus on product diversification, customization and consistency through technological solutions will remain a key trend shaping the future growth trajectory of this industry.
๐You Can Purchase Complete Report @ https://www.coherentmarketinsights.com/insight/buy-now/3390
Top Companies Featured in This Report:
โ Aurora Inc.
โ Aphria Inc.
โ Canopy Growth Corporation
โ MedReleaf Corp.
โ Cronos Group Inc.
โ GW Pharmaceuticals
โ plc.
โ CannTrust Holdings Inc.
โ VIVO Inc.
โ BevCanna Enterprises Inc.
Market Segmentation:
By Product Type:
โ By Product Type: Alcoholicand Non-alcoholic
โ By End User: Household, Restaurants & Cafes , Others
โ By Distribution Channel: Convenience stores, Hypermarkets, Specialty Stores, Online Retail, Others
Key Regions/Countries Classified as Follows:
ยป North America (U.S., Canada, Mexico)
ยป Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
ยป Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
ยป South America (Brazil, Argentina, Rest of SA)
ยป Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Beverage Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Beverage market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Beverage market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Beverage market.
Segment Analysis: Examining the market value and sales volume of Beverage by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Beverage market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Beverage sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
๐Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/3390
Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163
Contact Us
Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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 Beverage Market Is Booming Worldwide 2024 - 2031 | Aurora Inc., Aphria Inc., Canopy Growth Corporation here
News-ID: 3550375 • Views: โฆ
More Releases from CMI
New Report: Topical Pain Relief Market Set for Rapid Expansion 2025-2032 | Johns โฆ
The Topical Pain Relief Market : A thorough analysis of statistics about the current as well as emerging trends offers clarity regarding the Topical Pain Relief Market dynamics. The report includes Porter's Five Forces to analyze the prominence of various features such as the understanding of both the suppliers and customers, risks posed by various agents, the strength of competition, and promising emerging businesspersons to understand a valuable resource. Also,โฆ
How the Endocrinology Drug Market Evolve by 2032 - Growth, Segments, and Revenue โฆ
Endocrinology Drug Market is estimated to be valued at USD 74.11 Bn in 2025 and is expected to reach USD 99.51 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2032.
The Endocrinology Drug Market : A thorough analysis of statistics about the current as well as emerging trends offers clarity regarding the Endocrinology Drug Market dynamics. The report includes Porter's Five Forces toโฆ
Single Cell Analysis Market: Future Trends & Opportunity Outlook to 2032 | 10X G โฆ
Overview
The "Single Cell Analysis Market 2025 Forecast to 2032" report delivers precise global, regional, and country-level insights backed by reliable economic analysis. It presents a clear view of the competitive environment and includes a detailed supply chain study to help businesses anticipate shifts in industry practices. The study also assesses the present market scenario of the Single Cell Analysis industry and outlines future growth prospects, technological developments, investment opportunities, andโฆ
Elastomeric Infusion Pumps Market to hit US$ 2,359.03 Mn by 2032 - Coherent Mark โฆ
The Elastomeric Infusion Pumps Market Research Report is the result of extensive research and analysis conducted by our team of experienced market researchers. It encompasses a wide range of critical factors influencing the Elastomeric Infusion Pumps Market Growth from 2025 to 2032, including competitive landscape, consumer behavior, and technological advancements. This report serves as a valuable resource for industry players, helping them make informed decisions and stay ahead of theโฆ
More Releases for Beverage
Beverage Coolers Market
Global Acetochlor Market is expected to grow at a significant CAGR during the forecast period 2024-2031
Acetochlor Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that helpโฆ
Beverage Processing Equipment Market Transforming Production with Advanced Machi โฆ
"๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐ฏ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ฆ๐ฉ๐จ๐ฐ๐๐ซ๐ข๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ๐๐ฌ ๐ฐ๐ข๐ญ๐ก ๐๐ฆ๐๐ซ๐ญ๐๐ซ ๐๐๐๐ข๐ฌ๐ข๐จ๐ง๐ฌ"
The latest study released on the Beverage Processing Equipment Market evaluates market size, trend, and forecast to 2030. The Beverage Processing Equipment market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges andโฆ
Rising Beverage Consumption Boosts Beverage Can Market to $41.93 Billion by 2028
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Beverage Can Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $41.93 billion In 2028 Atโฆ
Performance Beverages Market Is Booming Worldwide | High Performance Beverage, R โฆ
Advance Market Analytics published a new research publication on "Performance Beverages Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Performance Beverages market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy ofโฆ
Growing Preference for Beverage Dispensers with Commercial Beverage Dispensers M โฆ
"The Report Global Commercial Beverage Dispensers Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"
About Commercial Beverage Dispensers
Commercial beverage dispensers refer to containers that keep beverages fresh for a long period of time. This equipment also allows beverages to be dispensed in prescribed amounts and is mainly used by foodservice establishments such as hotels, restaurants, catering companies, clubs, and pubs.
Technaviosโฆ
Beverage Packaging Market
Zion Research has published a new report titled โBeverage Packaging (Bottle, Can, Pouch, and Carton) Market, By Material (Glass, Plastic, Metal, and Paperboard), for Alcoholic, Non-Alcoholic, and Dairy Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 โ 2021โ. According to the report, global demand for beverage packaging market was valued at USD 108.4 billion in 2015, is expected to reach USD 138.7 billion inโฆ
