According to the latest report by IMARC Group, titled “CBD Food and Beverage Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global CBD food and beverage market exhibited strong growth during 2016-2021. Looking forward, IMARC Group expects the market to grow at a CAGR of around 25% during 2022-2027.
CBD Food and Beverage Industry Definition and Application:
Cannabidiol (CBD) is a non-psychoactive derivative of cannabis infused with various food products and beverages. These edible items aid in treating anxiety, insomnia, inflammation, hyperemesis, osteoporosis, and other health conditions. They are considered healthier than smoking cannabis as they reduce exposure to tar and carcinogens. Some of the CBD-infused food and beverages available in the market include tea, gummies, ice cream, chocolates, and bakery items.
Global CBD Food and Beverage Market Trends and Drivers:
The rising legalization of recreational cannabis in various countries, such as the United States, Canada, and Mexico, is positively influencing the sales of CBD food and beverages. Moreover, the increasing shift from smoking cannabis to healthier edible alternatives due to the growing prevalence of respiratory ailments is driving the market. Apart from this, the rising adoption of CBD-infused edible products for treating nausea, weight loss, poor appetite, and muscle spasms in cancer patients is anticipated to strengthen the growth of the market.
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Global CBD Food and Beverage Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alkaline88 LLC, Beverages Trade Network, Dixie Brands Inc., Green Roads (Affinity Beverage Group, Inc.), Kannaway LLC, Koios Beverage Corp., Lagunitas Brewing Company (Heineken N.V.), NaturalXtract, New Age Beverages Corporation and The Supreme Cannabis Company Inc.
The report has segmented the market on region, source, product type and distribution channel
Breakup by Source:
- Marijuana Derived
- Hemp Derived
Breakup by Product Type:
- Bakery Products
- Cereal Bars
- Ice Cream
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
Breakup by Region:
- North America: (United States,Canada)
- Asia Pacific: (China, South Korea, Australia, Others)
- Europe: (Germany, United Kingdom, Netherlands, Spain, Others)
- Latin America: (Brazil, Argentina, Others)
- Middle East and Africa: (South Africa, Israel)
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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