Cannabis has become the buzz word in the beverage industry, and mainstream companies are already taking strides in the CBD- and/or THC-infused drinks landscape. According to a new study by Fact.MR, the global sales of cannabis infused drinks will surpass US$ 200 Mn in 2019. While the legalization of marijuana in over 10 states of the U.S. sparked a wave of innovative product launches in the edibles space, the second wave of recreational marijuana legalization resulted in a lawful emergence and proliferation of cannabis infused beverages – alcoholic and non-alcoholic.
Beer companies have already infiltrated the cannabis industry, with leading brewers investing millions to leverage the first-mover advantage, meanwhile banking on their anticipation of a nationwide legalization of cannabis in the foreseeable future. The study finds that cannabis infused beer leads the way, accounting for nearly 70% sales of ‘alcoholic’ category. This is significant, as the ‘alcoholic’ category is estimated to hold nearly three-fourth shares of the cannabis infused drinks market. Leading brewers are focusing their efforts toward navigating the hazy path rules & regulation to deduce prospective opportune potential of cannabis-infused beer.
To provide an in-detailed analysis of the potential opportunities, the research report takes into consideration of the several growth factors across different regional segments. The important geographical segments of the global cannabis infused drinks market are as follows:
- Mexico
- Uruguay
- Australia
- Russia
- Georgia
- Argentina
- Ukraine
- South Africa
- Jamaica
The detailed research report on the global cannabis infused drinks market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market. The report also offers an in-depth analysis of how the projected growth factors will shape the market dynamics in the coming years of the forecast period. Moreover, it also gives meaningful as well as actionable insights on the key trends that are developing the current market scenario and which will be lucrative for the future of the global cannabis infused drinks market.
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For large beverage manufacturers, the push into cannabis initiated by the fear of missing out; and the current boom in pot investment by leading beverage companies is driven by the already trending shift of millennials from the usual wine or cocktails to cannabis-infused beverages, beer in particular. Availability continues to be a key sales propellant of cannabis infused drinks, as these beverages are approved to be sold in modern trade chains across regions where marijuana has been legalized for medicinal and recreational use.
The study finds a remarkable uptick in consumer preference for ‘non-alcoholic’ category, which range from functional drinks, tea and coffee, to juices. Although the non-alcoholic category currently accounts for meagre shares of cannabis infused drinks market, prospects are expected to be bullish as the permeation of recreational marijuana gradually grows, and players tap the opportune potential in the demographic group that cringes away from alcohol consumption. According to the study, sales of non-alcoholic cannabis infused drinks will record a 30% Y-o-Y in 2019 over 2018.
The research report on the global cannabis infused drinks market also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market. Furthermore, it takes into consideration the existing development, past events, and recent trends to provide a strong and unbiased opinion on the future direction in which these leading companies will be heading into. To back its opinion, the research report covers all the factors and events such as mergers, acquisitions, takeovers, joint ventures, and strategic alliances. It also analyzes the entry barriers and overall intensity of the competition in the global cannabis infused drinks market. Some of the key players mentioned in the research report are
- New Age Beverages
- Mirth Provisions Inc.
- Dixie Brands Inc.
- VCC brands
- Canna Punch
- Know label Wines
- Canna Cola
- Cannabiniers
- Lagunitas Brewing Company
- Tinley Beverage Co
- mood33 LLC
- Stillwater Brands
- Level+
- Magic Number
- Ganja Grindz
- California Dreamin
- Ceria Brewing Co
- RebelCoast Winery
THC and CBD Remain Preferred Cannabinoids, Hybrid to Gradually Pick Pace
THC-infused drinks have been the first preference among consumers, however CBD-infused drinks have also gained sheer traction in the recent past. These two cannabinoid categories are estimated to account for over 70% sales of cannabis infused drinks worldwide in 2019. However, the study opines that hybrid cannabis infused drinks that contain both CBD and THC strains will pick up pace gradually – estimated to register a 40% Y-o-Y in 2019 over 2018.
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Leveraging emerging technology, while tracking trends in mainstream beverage industries, in order to introduce innovative variants, continue to remain key expansion strategies of players in the cannabis infused drinks market. Additionally, the growing consumer preference for cannabis-infused products, which impart particular effects has been hard-pressing leading beverage companies in offering a diverse variety of THC as well as CBD dosages in their product offerings. A greater emphasis on organic and naturally-sourced ingredients continues to mold prospects of the cannabis infused drinks market.
The new report on the Cannabis Infused Drinks market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2018 Fact.MR study offers a long-term perspective of the cannabis infused drinks market for the period, 2019 to 2029.
The cannabis infused drinks market is projected to register a CAGR of nearly 38% through 2029.
The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Cannabis Infused Drinks market.
2014 is considered as the base year and 2029 as the estimation year.Request to View Sample of Report @ https://www.factmr.com/connectus/sample?flag=S_id=3383After reading the Cannabis Infused Drinks market report, readers get insight into:Major drivers and restraining factors, opportunities and challenges, and the competitive landscapeNew, promising avenues in key regionsNew revenue streams for all players in emerging marketsFocus and changing role of various regulatory agencies in bolstering new opportunities in various regionsDemand and uptake patterns in key industries of the Cannabis Infused Drinks marketNew research and development projects in new technologies in key regional marketsChanging revenue share and size of key product segments during the forecast periodTechnologies and business models with disruptive potentialThe Cannabis Infused Drinks market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period.
Key regions covered comprise:North AmericaLatin AmericaEuropeEast AsiaSouth Asia & OceaniaMiddle East & AfricaThe evaluation of the competitive landscape in the Cannabis Infused Drinks market covers the profile of the following top players: VCC brandsDixie Brands Inc.Know label WinesCanna ColaA Methodology of this Report is Available upon Request @ https://www.factmr.com/connectus/sample?flag=RM_id=3383To expand the understanding of opportunities in the global Cannabis Infused Drinks market report looks at close quarters into the opportunities and new avenues in following key segments: BottleCanIn addition to understanding the demand patterns of various end users, the report on the Cannabis Infused Drinks market also enumerates trends expected to attract investments by other various associated industries.On the basis of product/technology types, the Cannabis Infused Drinks market report offers insight into major adoption trends for the following segments:AlcoholicBeerWineSpiritsThe global Cannabis Infused Drinks market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period.
In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
The legalization of cannabis in Canada and parts of the US has resulted in the production of all sorts of marijuana-based products, among which are cannabis-infused drinks which are already hitting shelves.
If anything, today’s drinkers are conscious of remaining in control of their sobriety and do not want their images in an inebriated state ending up all over Facebook or Instagram.
Although cannabis-based, this beer is non-psychotropic, given that it is mainly made using CBD (cannabidiol), which hardly gives you a high’.
The Colorado-based New Age Beverages Corp is already planning to release a drink known as Marley+CBD Mellow Mood.
The drink will be available in 16-ounce cans with a mere 25 milligrams of CBD per serving.
Thus, it will be easier for you to limit the amount of cannabis-infused alcohol given how soon it begins to have an effect.
The report, with bull’s eye analysis, has the potential of forming the crux of the success of your organization with a focus on various parameters such as drivers, restraints, challenges, opportunities, and competitive landscape assessment.
Fact.MR projects the Cannabis Infused Drinks market to expand at a CAGR of 38% during 2019-2029.Request for Sample Report with statistical info @ https://www.factmr.com/connectus/sample?flag=S_id=3383The unpredictable COVID-19 pandemic has dug a hole in the profits of various sectors around the world.
It has caused an economic earthquake and has brought unprecedented losses.
As the world struggles to fight with the COVID-19 pandemic, policymakers, industry players, and investors in the Cannabis Infused Drinks market are trying to tackle the deadly pandemic of economic loss.
This has made them capable of sustaining their businesses.
To paint the colors of growth on the COVID-19 affected business canvas, Fact.MR brings a thorough and detailed report on the Demand of Alcoholic Cannabis Infused Drinks market through near-perfect visualization and deep information extraction.
Cannabis has become the buzz word in the beverage industry, and mainstream companies are already taking strides in the CBD- and/or THC-infused drinks landscape.
According to a new study by Fact.MR, the global cannabis infused drinks sales will surpass US$ 200 Mn in 2019.
While the legalization of marijuana in over 10 states of the U.S. sparked a wave of innovative product launches in the edibles space, the second wave of recreational marijuana legalization resulted in a lawful emergence and proliferation of cannabis infused beverages – alcoholic and non-alcoholic.Beer companies have already infiltrated the cannabis industry, with leading brewers investing millions to leverage the first-mover advantage, meanwhile banking on their anticipation of a nationwide legalization of cannabis in the foreseeable future.
The study finds that cannabis infused beer leads the way, accounting for nearly 70% sales of ‘alcoholic’ category.
Leading brewers are focusing their efforts toward navigating the hazy path rules & regulation to deduce prospective opportune potential of cannabis-infused beer.Request For a Sample Report - https://www.factmr.com/connectus/sample?flag=S_id=3383For large beverage manufacturers, the push into cannabis initiated by the fear of missing out; and the current boom in pot investment by leading beverage companies is driven by the already trending shift of millennials from the usual wine or cocktails to cannabis-infused beverages, beer in particular.
Availability continues to be a key sales propellant of cannabis infused drinks, as these beverages are approved to be sold in modern trade chains across regions where marijuana has been legalized for medicinal and recreational use.The study finds a remarkable uptick in consumer preference for ‘non-alcoholic’ category, which range from functional drinks, tea and coffee, to juices.
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