Cannabis Beverages Market Report: Trends, Forecast and Competitive Analysis to 2030

Cannabis Beverages Trends and Forecast

The future of the global cannabis beverages market looks promising with opportunities in the mass merchandisers, specialty stores, and online retail markets. The global cannabis beverages market is expected to reach an estimated $2.7 billion by 2030 with a CAGR of 16.7% from 2024 to 2030. The major drivers for this market are demand for alternatives to alcohol and growing trend toward healthier lifestyles and wellness products.

A more than 150-page report is developed to help in your business decisions.

Cannabis Beverages by Segment

The study includes a forecast for the global cannabis beverages by type, distribution channel, and region.

Cannabis Beverages Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Alcoholic
• Non-Alcoholic

Cannabis Beverages Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Mass Merchandisers
• Specialty Stores
• Online Retail
• Others

Cannabis Beverages Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cannabis Beverages Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cannabis beverages companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cannabis beverages companies profiled in this report include-

• Aurora Cannabis
• Aphria
• Canopy Growth Corporation
• MedReleaf
• Cronos
• GW Pharmaceuticals
• CannTrust Holdings
• VIVO Cannabis
• Tilray
• OrganiGram Holdings

Cannabis Beverages Market Insights

Lucintel forecasts that non-alcoholic is expected to witness the higher growth over the forecast period due to a strong preference for non-alcoholic and low-alcohol beverages, which reduces calories while ensuring nutritional superiority.

Within this market, online retail will remain the largest segment due to accelerated e-commerce channel demand, which delivers improved convenience, privacy, as well as autonomy while selecting any product.

North America is expected to witness highest growth over the forecast period due to increasing adoption of new and innovative food and beverages in the region.

Features of the Global Cannabis Beverages Market

Market Size Estimates: Cannabis beverages market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cannabis beverages market size by type, distribution channel, and region in terms of value ($B).

Regional Analysis: Cannabis beverages market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, distribution channels, and regions for the cannabis beverages market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cannabis beverages market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the cannabis beverages market size?

Answer: The global cannabis beverages market is expected to reach an estimated $2.7 billion by 2030.

Q2. What is the growth forecast for cannabis beverages market?

Answer: The global cannabis beverages market is expected to grow with a CAGR of 16.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the cannabis beverages market?

Answer: The major drivers for this market are demand for alternatives to alcohol and growing trend toward healthier lifestyles and wellness products.

Q4. What are the major segments for cannabis beverages market?

Answer: The future of the cannabis beverages market looks promising with opportunities in the mass merchandisers, specialty stores, and online retail markets.

Q5. Who are the key cannabis beverages market companies?

Answer: Some of the key cannabis beverages companies are as follows:

• Aurora Cannabis
• Aphria
• Canopy Growth Corporation
• MedReleaf
• Cronos
• GW Pharmaceuticals
• CannTrust Holdings
• VIVO Cannabis
• Tilray
• OrganiGram Holdings

Q6. Which cannabis beverages market segment will be the largest in future?

Answer: Lucintel forecasts that non-alcoholic is expected to witness the higher growth over the forecast period due to a strong preference for non-alcoholic and low-alcohol beverages, which reduces calories while ensuring nutritional superiority.

Q7. In cannabis beverages market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to increasing adoption of new and innovative food and beverages in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cannabis beverages market by type (alcoholic and non-alcoholic), distribution channel (mass merchandisers, specialty stores, online retail, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?