Global cannabis beverage market is estimated to be valued at USD 205.1 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 22.5% from 2024 to 2031. Global cannabis beverage market has been witnessing significant growth in the recent past as consumers are increasingly preferring cannabis-infused drinks for health benefits such as relief from stress, anxiety and pain management as well as recreational purposes. Cannabis drinks offer an alternative New product launches in the cannabis drinks category by prominent food & beverage companies as well as breweries is driving the market growth. For instance, Constellation Brands launched its cannabis-infused drink line called 'Four Loko' in 2020. However, uncertainty regarding federal legalization and complex regulatory norms can hamper the the market Growth.
Market Dynamics:
The key drivers propelling the growth of global cannabis beverage market are growing consumer demand for alternative forms of cannabis consumption, rising adoption of cannabis-infused drinks for their health benefits, and proliferation of cannabis-friendly legislation across countries. However, stringent government regulations regarding use and marketing of cannabis products is expected to hamper the market growth. Developing innovative cannabis drinks with low THC content to expand their consumer base represents a major opportunity for market players. Introduction of cannabis-infused juices, smoothies and cocktails are also expected to boost the sales over the forecast period.
Key Features of the Study:
Detailed Segmentation-
Table of Contents
* Browse 25 market data tables* and 20 figures* on "Global Cannabis Beverage Market” - Global forecast to 2031.
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