Cannabidiol (CBD) Infused Beverages Market to Grow with a CAGR of 6.13% Globally through to 2028
Rising demand for functional beverages, increasing
consumer awareness of the health benefits of CBD are factors driving the global
cannabidiol (CBD) infused beverages market in the forecast period 2024-2028.
According to TechSci Research report, “Global Cannabidiol
(CBD) Infused Beverages Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Cannabidiol (CBD) Infused
Beverages Market stood at USD 3.1 billion in 2022 and is anticipated to grow
with a CAGR of 5.3% in the forecast period, 2024-2028. The CBD-infused
beverages market has emerged as a dynamic and rapidly evolving segment within
the broader cannabis industry. Characterized by the fusion of two major
consumer trends – the increasing popularity of CBD for its potential health
benefits and the demand for innovative, functional, and wellness-focused
beverages – this market has witnessed substantial growth and diversification in
recent years.
The CBD-infused beverages market has emerged as a
dynamic and rapidly evolving segment within the broader cannabis industry.
Characterized by the fusion of two major consumer trends – the increasing
popularity of CBD for its potential health benefits and the demand for
innovative, functional, and wellness-focused beverages – this market has
witnessed substantial growth and diversification in recent years.
During the forecasted period, the market was expected
to reach several billion dollars, driven by the expansion of product offerings,
regulatory clarity, and the entrance of established beverage companies into the
space. This robust growth trajectory underscores the market's significance and
potential for further expansion.
Consumers
are increasingly aware of CBD and its potential health benefits, including
stress relief, pain management, and improved sleep. This awareness has led to
greater acceptance and interest in CBD-infused beverages as a convenient and
appealing way to incorporate CBD into daily routines.
Changes in regulations, particularly the
legalization of hemp-derived CBD in various regions, have created opportunities
for businesses to enter the market with confidence. Regulatory clarity and
evolving legal frameworks have encouraged investment and innovation. As
consumers seek functional benefits from their beverages, CBD-infused options
have gained popularity. These products offer relaxation, stress relief, and
other wellness benefits, aligning with consumer demands for healthier and more
purposeful beverages. Companies are investing heavily in research and
development to create innovative CBD beverage formulations that cater to
diverse consumer preferences. Partnerships and collaborations between CBD
companies and established beverage producers are accelerating market
penetration.
Browse over 26 market data Figures
spread through 188 Pages and an in-depth TOC on "Cannabidiol (CBD) Infused Beverages Market”
Companies are investing heavily in
research and development to create innovative CBD beverage formulations that
cater to diverse consumer preferences. Partnerships and collaborations between
CBD companies and established beverage producers are accelerating market
penetration. A segment of consumers seeks high-quality, artisanal CBD
beverages. Premium and craft brands focus on quality ingredients, unique
flavors, artisanal production methods, branding, and transparency. Water-soluble
CBD has gained prominence due to its improved bioavailability, taste, and
product consistency. Beverage manufacturers are increasingly adopting this
technology to enhance the user experience. CBD-infused beverages are making
their way into mainstream retail outlets, enhancing consumer accessibility and
visibility. Established beverage brands and regulatory clarity are facilitating
this trend.
The Global Cannabidiol (CBD) Infused Beverages Market
is segmented into type, CBD type, grade, distribution channel, regional
distribution, and company.
Based on type, market is segmented into alcoholic,
non-alcoholic the Tablets segment emerged as the dominant player in the global
market for vitamin supplements in 2022. The demand for alcoholic CBD-infused
beverages is high for a number of reasons.
Based on region, The North American region, which has
experienced significant year-on-year growth, is expected to drive the global
cannabidiol (CBD) infused beverages market. The rising demand for recreational
and medicinal marijuana, as well as products for heart health, stamina, and
bone health, is a major driver of the cannabidiol (CBD) infused beverages
market's expansion.
Major companies operating in Global Cannabidiol
(CBD) Infused Beverages Market are:
- Canopy Growth Corporation
- The Cronos Group
- Tilray
- Hexo
- CannTrust
- Aurora Cannabis Inc.
- GW Pharmaceuticals plc.
- VIVO Cannabis Inc.
- Alkaline88
- NewAge Inc.
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“The CBD-infused beverages market is experiencing
rapid growth driven by increasing consumer awareness of CBD's potential health
benefits, evolving regulations, and the demand for functional and
wellness-focused beverages. It is characterized by diversification, with
various product offerings, including functional beverages, cocktail mixers,
coffee and tea, and premium craft options. Water-soluble CBD technology is
gaining prominence, and CBD beverages are expanding into mainstream retail
outlets. Challenges include regulatory complexities, quality control, and the
need for scientific validation. Despite challenges, the market's growth
potential remains substantial, offering opportunities for innovative companies.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Cannabidiol
(CBD) Infused Beverages Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Type (Alcoholic, Non-Alcoholic), By CBD
Type (Marijuana-Derived, Hemp-Derived, Synthetic), By Grade (Pharmaceutical
Grade, Food Grade), By Distribution Channel (Convenience Stores, Online,
Others), By Region, By Competition, 2018-2028”, has evaluated the
future growth potential of Global Cannabidiol (CBD) Infused Beverages Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Cannabidiol (CBD) Infused Beverages
Market.
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