Global CBD Wine Market Size, Share, Growth Analysis, By Packaging(Bottles and Cans), By Distribution Channels(On-Trade and Off-Trade) - Industry Forecast 2024-2031

Global CBD Wine Market size was valued at USD 10.74 Billion in 2022 and is poised to grow from USD 11.09 Billion in 2023 to USD 14.38 Billion by 2031, at a CAGR of 3.30% during the forecast period (2024-2031).

In the coming years, the market is expected to be fueled by the increasing appeal of innovative and pre-immunized alcoholic beverages, particularly CBD wine, as evidenced by the booming e-commerce sales driven by shifts in consumer behavior. This market, influenced greatly by the global rise in demand for CBD products, predominantly comprises hemp-based and marijuana-based CBD wine, with hemp being favored for its higher CBD content and fewer legal complications. Forecasts indicate substantial growth, with the CBD wine market projected to reach USD 11,100,000 in 2021 and a staggering USD 112,458,2000 by 2031, boasting a robust CAGR of 27.8%. Notably, in North America, consumers are increasingly investing in CBD-infused, non-alcoholic products, while globally, the anticipated health benefits associated with CBD drive demand. The legalization of cannabis, containing CBD with controlled levels of THC, significantly contributes to CBD's burgeoning popularity, spawning an entirely new market for CBD wine following cannabis legalization in several countries.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global CBD Wine Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global CBD Wine Market Segmental Analysis

Global CBD Wine Market is segmented on the basis of source, packaging distribution channels and region. By source, the market is segmented into hemp-based cbd wine and marijuana-based wine. By packaging, the market is segmented into bottles and cans. By distribution channels, the market is segmented into on-trade and off-trade. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global CBD Wine Market

The global landscape regarding the legality of cannabis and CBD is highly diverse, potentially fostering the emergence of distinct markets across different regions. Variations in regulations may result in certain areas being more receptive to the production and consumption of CBD-infused wine, while others enforce stricter controls. Consequently, this disparity could give rise to regional disparities not only in the range of products accessible but also in consumer inclinations.

Restraints in the Global CBD Wine Market

The production and sale of CBD-infused wine are governed by diverse legal and regulatory frameworks, which exhibit significant variations based on jurisdiction. Certain countries and states impose stringent regulations concerning the incorporation of CBD into food and beverage items, potentially constraining the manufacturing and dissemination of CBD wine.

Market Trends of the Global CBD Wine Market

The ongoing expansion of the global CBD market is anticipated to persist, propelled by rising consumer curiosity surrounding the potential health advantages of CBD. Consequently, there may be a surge in the demand for CBD-infused wine and various other beverages.