Dublin, 12 July 2021 (GLOBE NEWSWIRE) – The report “Global Cannabis Food and Beverage Market 2021-2026” has been added to ResearchAndMarkets.com Oferta e.
This report suggests that the cannabis food and beverage market is projected to witness growth with a CAGR of 15.15% during the projected period of 2021-2026.
The legalization of medical or recreational cannabis, coupled with the availability of different flavors in Wellness drinks, are the main factors driving the growth of the cannabis food and beverage market. While legalization has brought cannabis into the mainstream market, some high-end products are including CBD ingredients throughout North America and Europe. Moreover, some drinks include CBD to offer users a sudden boost of energy, added focus and more agility.
However, the reduction in the cannabis supply-demand ratio and the adverse health effects associated with CBD products hinder the overall growth of the cannabis food and beverage market.
The global cannabis food and beverage market covers North America, Asia-Pacific, Latin America, Europe, the Middle East and Africa.
Globally, North America holds the largest market for the cannabis food and beverage market. In the US, the cannabis industry is growing at a rapid pace, generating billions of dollars each year. According to estimates, sales of CBD products are likely to reach over 20 billion nationwide. Increasing demand for these products can be observed among babies, as stated in the study of the Annals of Internal Medicine. Moreover, cannabis use is mainly for recreational purposes among states where its use is legalized.
Moreover, some companies are exploring the idea of introducing CBD into alcoholic beverages. Among the products, brownies are a widespread food product with cannabis. Therefore, the growing demand for cannabis products for recreational purposes increases the growth of the cannabis food and beverage market across the US, leading to the growth of the region.
New Age Beverages Corporation is a beverage and lifestyle company involved in the production of a wide range of organic, natural, liquid dietary supplements and other products. The company’s products are marketed through traditional retail, e-commerce, direct to consumers and medical channels. Its products include beverages caused by cannabis, kombucha, functional waters, energy drinks and others. New Age Drinks offer its products in several major countries, headquartered in the United States.
The leading companies in the cannabis food and beverage market are New Age Beverages Corporation, Alkaline88 LLC, Koios Beverage Corp., The Supreme Cannabis Company Inc., General Cannabis Corp., Phivida Holdings Inc., Dixie Brands Inc., Coalition Brewing, Lagunitas Brewing Company, Energy Drink , and Dutch Windmill Spirits BV.
Main topics covered:
1. Global Cannabis Food and Beverage Market – Summary
2. Industry forecast
2.1 Main views
2.1.1. Increased use in consumer spending
2.1.2. Benefits Offered By Cbd Gummies
2.2. Impact of COVID-19 on the cannabis food and beverage market
2.3. Analysis of the Five Porter Forces
2.3.1. Threat of new entrants
2.3.2. Substitute Threat
2.3.3. The bargaining power of suppliers
2.3.4. The bargaining power of buyers
2.3.5. The threat of competitive rivalry
2.4. Impact of government regulations on the market
2.5. Market Attractiveness Matrix
2.6. Vendor Scorecard
2.7 Market Leaders
2.7.1. Legalization of Medical or Recreational Cannabis
2.7.2. Availability of various flavors in Wellness drinks
2.8. Market Challenges
2.8.1. Reduce the supply-demand ratio
2.8.2. Adverse health effects associated with cannabis
2.9. Market Opportunities
2.9.1. Increased cannabis use in various health disorders
3. Global Cannabis Food and Beverage Market – from the Distribution Channel
3.1 Mass traders
3.2. Specialty store
3.3. Online Stores
4. Global cannabis food and beverage market – by product type
4.1. Bakery products
4.3. Cereal bars
4.6. ice cream
5. Global Cannabis Food and Beverage Market – Regional Perspective
5.1 North America
5.1.1. Market by Distribution Channel
5.1.2. Market by product type
5.1.3. Country analysis
220.127.116.11. United States
5.2.1. Market by Distribution Channel
5.2.2. Market by product type
5.2.3. Country analysis
18.104.22.168. United Kingdom
22.214.171.124. The rest of Europe
5.3.1. Market by Distribution Channel
5.3.2. Market by product type
5.3.3. Country analysis
126.96.36.199. New Zeland
5.4. The rest of the World
5.4.1. Market by Distribution Channel
5.4.2. Market by product type
5.4.3. Country analysis
188.8.131.52. South Africa
184.108.40.206. The rest of LAMEA
6. Competitive Landscape
6.1 Energy drinks
6.2 Making a coalition
6.3. Markat Dixie Inc.
6.4. Dutch Windmill Souls Bv
6.5. General Cannabis Corp
6.6. Koios Beverage Corp
6.7. Lagunitas Production Company
6.8. New Age Beverages Corporation
6.9 Alkaline88 LLC
6.10. Supreme Cannabis Company Inc
6.11. Phivida Holdings Inc.
7. Methodology & Scope
7.1 Field of Search and Deliverable
7.2. Data sources
7.3. Research methodology
For more information about this report visit https://www.researchandmarkets.com/r/kq6z2l
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