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The Global Cannabis Beverage Market Growth Accelerated By Increasing Legalization Of Cannabis

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Mia Yates
The Global Cannabis Beverage Market Growth Accelerated By Increasing Legalization Of Cannabis

Cannabis beverages are a new generation of cannabis-infused drinks containing tetrahydrocannabinol (THC) or cannabidiol(CBD). Cannabis beverages act as an alternative to smoking or vaping cannabis and allow consumers to experience the effects of cannabis in a convenient drinkable format. Cannabis beverages provide discreet dosage options, consistent effects, and taste better than raw cannabis flower.

The global Cannabis Beverage Market is estimated to be valued at US$ 547.43 Mn in 2023 and is expected to exhibit a CAGR of 61% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing legalization of cannabis across various countries for both medical and recreational use is the key factor driving the growth of the cannabis beverage market. According to the Cannabis Regulators of Canada, as of 2022, Canada has legalized both medical and recreational cannabis. In the U.S., 38 states and 3 U.S. territories have legalized medical cannabis, while 19 states and the District of Columbia have legalized recreational cannabis use as well. As the legal framework around cannabis evolves, more companies are introducing new cannabis beverage products with varying potency levels, flavors, and formulations. This increasing availability of diverse cannabis beverage products will attract more consumers and fuel the market growth over the forecast period.


Segment Analysis

The global cannabis beverage market is dominated by infused drinks sub segment. Infused drinks refer to the drinks which are infused or mixed with cannabis extracts like THC and CBD. They are dominating the market as they provide distinct effects of cannabis like relaxation without the health hazards of smoking. Infused drinks offer convenient and discrete way of consuming cannabis.

Key Takeaways

The Global Cannabis Beverage Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market is estimated to reach market size of US$ 547.43 Mn in 2023 and projected to grow at CAGR of 61% during the forecast period.

Regional analysis

North America region currently dominates the global cannabis beverage market. U.S. holds the largest share in the region owing to legalization of cannabis in many states and growing healthcare applications of cannabis. Canada is the fastest growing market in the region supported by early legalization of cannabis in 2018 in the country for both medical and recreational use.

Key players

Key players operating in the cannabis beverage market are Cargill Inc., Nu-Tek Food Sciences LLC, Koninklijke DSM N.V., Montana Indusrie Holding A.G., Angel Yeast Co. Ltd., Tate & Lyle Plc, and Innophos Holding Inc. Cargill Inc. holds the leading position in the market owing to its strong distribution network and wide product portfolio of cannabis infused beverages.

For More Insights, Read: https://www.newswirestats.com/cannabis-beverage-market-size-share-and-growth-forecast-2023-2030/


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The disease epidemiology included in the report provides historical as well as forecasted Non-Small Cell Lung Cancer epidemiology, which is segmented as Total Incident cases of NSCLC patients, Total Incident cases of NSCLC patients by Histology, Total Diagnosed cases of NSCLC patients by Stages, Total NSCLC cases of patients by Genetic mutation/Biomarkers, and Total Treated Cases of NSCLC patients by Line of Therapies scenario of NSCLC in the 7MM.The total NSCLC incident cases in the 7MM were observed to be 484,726 cases in 2017.Click here to know more on Non-Small Cell Lung Cancer pipelineNSCLC report encloses the detailed analysis of Non-Small Cell Lung Cancer marketed drugs and late stage (Phase-III and Phase-II) pipeline drugs.

The therapies that are approved for the NSCLC treatment are Rozlytrek (Entrectinib), Imfinzi (Durvalumab), Opdivo (Nivolumab), Tecentriq (Atezolizumab), Keytruda (Pembrolizumab), Tafinlar (Dabrafenib) in combination with Mekinist (Trametinib), Tagrisso (osimertinib), Lorbrena/Lorviqua (Lorlatinib), Vizimpro (Dacomitinib), Alunbrig (Brigatinib), Alecensa (Alectinib), Vitrakvi (Larotrectinib), Portrazza (Necitumumab) along with many more.Drugs covered in the report are:-There are several key players robustly involved in developing potential products such asNazartinib (EGF816)Capmatinib (INC280)Tepmetko (tepotinib)MerestinibJNJ-61186372 (JNJ-6372)Vemurafenib Plus CobimetinibX-396 (Ensartinib)Tedopi (OSE2101)Selpercatinib (LY3527723/ LOXO-292)SAR408701Braftovi (encorafinib) + Mektovi (binimetinib)PADCEV (enfortumab vedotin/ASG-22ME)Pralsetinib (BLU-667)TAK-788: Canakinumab (ACZ885)Avelumab (Bavencio)Veliparib (ABT-888): Sitravatinib (MGCD516)TesevatinibRomiplostim: CabozantinibSym015AMG 510INCMGA00012 (MGA012)Libtayo (Cemiplimab)BavituximabM7824 (Bintrafusp alfa)And many others Key Players covered in the report are:-Novartis PharmaceuticalsMerck KGaAEli Lilly and CompanyJanssen Research & DevelopmentHoffmann-La RocheXcoveryBeyondSpring PharmaceuticalsOSE ImmunotherapeuticsSanofiPfizerAstellas PharmaSeattle GeneticsBlueprint Medicines CorporationTakedaAbbVieKadmon CorporationAmgenSymphogenRegeneron PharmaceuticalsPeregrine PharmaceuticalsAvid BioservicesGlaxoSmithKlineAnd many othersThe report includes provides in depth analysis historical and forecasted Market Share (%) Distribution of NSCLC, Market Share (%) Distribution of NSCLC by Mutations/Biomarkers, Total Market Size of PD-L1 NSCLC, Total Market Size of BRAF NSCLC, Total Market Size of c-Met, Total Market Size of EGFR, Total Market Size of ALK as well.The reasons for buying this report:The report proffers an overview of pathophysiology, various diagnostic approaches and NSCLC treatment algorithm, including detailed chapters for marketed products and emerging therapies.Historical and forecasted Non-Small Cell Lung Cancer epidemiology in 7MM covering the United States, EU5 (Germany, France, Italy, Spain, and the United Kingdom), and Japan from 2017-2030.Detailed historical and forecasted NSCLC market covering the United States, EU5 and Japan from 2017-2030.

Pipeline analysis across different stages of development (Phase III and Phase II), different emerging trends and comparative analysis of pipeline products with comprehensive clinical profiles, key cross-competition, launch date along with product development activities.

Medical Cannabis Market Trends, Detailed Analysis By Types, Application, Production, Competition By Top Players, Market Dynamics, Growth | MRFR
Cordelia slayer 2022-09-13
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The global medical cannabis market trends is expected to register a CAGR of 18. Regional AnalysisThe Americas dominated the global medical cannabis market by accounting for the largest share in 2020. Europe holds a strong share in the global medical cannabis market. Segment AnalysisThe global medical cannabis market has been segmentedbased on product type, derivative, route of administration, application, and distribution channel. Based on route of administration, the global medical cannabis market has been segmented into inhalation, oral, and topical.
Cannabis Cultivation Market Insights, Segments And Global Forecast 2023 To 2032
Pooja tbrc 2023-06-09
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The Business Research Company’s Cannabis Cultivation Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The Cannabis Cultivation Global Market Report 2023 evaluates cannabis cultivation market size, growth rate, drivers, trends, and major companies. id=7281&type=smp  The global cannabis cultivation market size grew from $133. Africa Cannabis Cultivation Market 27. Appendix  Read Related Reports https://www.
US Cannabis Testing Services Market Growth Accelerated By Expansion Of Legal Cannabis In The United States
Pooja Khodke 2024-02-02
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The global Us Cannabis Testing Services Market is estimated to be valued at US$ 2. This has significantly contributed to the 18% CAGR projected for the US cannabis testing services market during the forecast period. Segment AnalysisThe US cannabis testing services market is dominated by potency testing, which accounts for nearly 40% of the total market share. Thus potency testing holds the leading position in the US cannabis testing services market. The Western region currently dominates the US cannabis testing services market owing to the large presence of licensed cannabis cultivators and product manufacturers.
Cannabis Market: Industry Analysis and Forecast (2022-2027) Trends, Statistics, Dynamics, Segmentation by Type, Application and Region
aarti 2023-01-31
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The market report for Cannabis Market provides comprehensive information on the market's overall size, total revenue, and market segmentation. com/report/req_sample/Cannabis-Market/552 Market Scope:This Stellar Market Research report segmented the market for Cannabis Market based on manufacturers, regions, types, and applications. Key Questions answered in the Cannabis Market Report are: ·        Which product segment is expected to hold the largest share in the Cannabis Market? Reasons to Purchase the Cannabis Market Report:·        The Stellar Market Research report includes a plethora of information, such as market trends and growth possibilities for the foreseeable future. com/carbomer-market83869-2/     
10mg THC Drinks
Lucifer Morningstar 2021-04-24
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After seven years of success with the popular CBD Living brand, the creators founded THC Living to bring the same organic, high-quality wellness products to the cannabis market.http://www.thcliving.com/

THC Infused Drinks
Teddy Worrell 2021-03-22
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After seven years of success with the popular CBD Living brand, the creators founded THC Living to bring the same organic, high-quality wellness products to the cannabis market.https://www.thcliving.com/