According to the report, Increase in popularity of cannabis in medical treatments like neurological diseases, cancer, anxiety, chronic pain, and seizures
is one of the primary growth factors for the market. The rise in massive demand for wellness as well as alcoholic drinks among the customers
is also expected to contribute significantly to the Cannabis-based Alcoholic Beverages market. Overall, Households
applications of Cannabis-based Alcoholic Beverages, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.
AMAs Analyst on the Global Cannabis-based Alcoholic Beverages Market identified that the demand is rising in many different parts of the world due to "Use of Cannabis for the development of medicine on various diseases
". Furthermore, some recent industry insights like "On 21 Feb 2019, Beverage Trade Network organizes the first-ever event, focusing on the cannabis-infused beverage industry, Cannabis Drinks Expo. Cannabis Drinks Expo will give the worldwide drinks industry, and North America in particular, the chance to come together and look at ways it can address legalized cannabis and find ways to start the fight back against this enormous threat to the future of the overall industry. This Drinks Expo will be an attempt to widen the perspective of market participants on the national dimensions of the industry." is constantly making the industry dynamic. One of the challenges that industry facing is "An enormous part of the general public still believes that cannabis should be illegal and The legality of using cannabis in public housing restricts many potential buyers from purchasing"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Cannabis-based Alcoholic Beverages market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Cannabis-based Alcoholic Beverages market and other related sub-markets covered in the study.
o Key & emerging players in the Cannabis-based Alcoholic Beverages market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Cannabis-based Alcoholic Beverages market size is calculated using market estimation process, the Cannabis-based Alcoholic Beverages market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Cannabis-based Alcoholic Beverages market size has been validated using both top-down and bottom-up approaches.