What is Cannabis Drinks- Market?
Cannabis-infused drinks contain tetrahydrocannabinol (THC), the main psychoactive ingredient found in Cannabis plants. Cannabis drinks are projected to take the place of other marijuana-infused foods that are deemed harmful, such as brownies, cookies, chocolates, and confectionaries like candies and gummies. Consumer Awareness about Cannabis Edibles is projected to Increase, Which is Likely to help the Industry Develop. Develop due to the selling of Cannabis Drinks through Off-trade Channels such as Restaurants, Cafes, Hotels, Clubs, and Lounges.
Highlights from Cannabis Drinks- Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Artet (United States), CAN (United Kingdom), Phivida Holdings Inc. (Canada), The Alkaline Water Company (United States), VCC Brands (United States), Koios Beverage Corporation (Canada), Keef Brand (United States), Dixie Brands Inc. (United States), Aphria (United States), Hexo Corp (Canada), Canopy Growth (Canada) and Others|
The key manufacturers are targeting the innovations of the products with better quality, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Cannabis Drinks- market throughout the forecasted period. Artet (United States), CAN (United Kingdom), Phivida Holdings Inc. (Canada), The Alkaline Water Company (United States), VCC Brands (United States), Koios Beverage Corporation (Canada), Keef Brand (United States), Dixie Brands Inc. (United States), Aphria (United States), Hexo Corp (Canada), Canopy Growth (Canada) and Others are some of the key players profiled in the study.
Cannabis Drinks- Market Segmentation:
|Type||Alcoholic Cannabis Infused Drinks, - Cannabis Infused Wine, - Cannabis Infused Beer, Non-Alcoholic Cannabis Infused Drinks, - Cannabis Infused Water, - Cannabis Infused Coffee, - Cannabis Infused Tea, - Cannabis Infused Juice and Others|
|Distribution Channels||Supermarkets and hypermarkets,Convenience stores,Mass merchandisers,Specialty stores,Online|
|Flavor||Unflavored,Flavored,- Fruit,- Apple Cider,- Black Tea,- Cappuccino,- Caramel|
|Components ||Tetrahydrocannabinol (THC) Infused Drinks,Cannabidiol (CBD) Infused Drinks,Others|
On the basis of geography, the market of Cannabis Drinks- has been segmented into . Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:Providing and Manufacturing Clean Label products with Exact Content and Introducing to New variety of flavour Cannabis Drinks is attracting a new generation
Market Growth Drivers:Growth in Legalization of Cannabis and Rise in Social Acceptance of Marijuana and Rise in Usage of Cannabis Drinks for Pleasure Purpose by Individuals
Challenges:Challenge of keeping Constant taste of Cannabis Drinks
Restraints:Complex Regulatory Structure for The Usage of Cannabis
Opportunities:Growing New of Investor for Cannabis Drinks in India, Consumer Awareness about Cannabis Edibles is Projected to Increase, Which is Likely to help the Industry Develop and Develop due to the selling of Cannabis Drinks through Off-trade Channels such as Restaurants, Cafes, Hotels, Clubs, and Lounges.
Key Target AudienceCannabis Drinks Manufacturer, Provider/Distributor, Healthcare Firms, Commercial Vendors and Others
Market Leaders & Development StrategiesOn 21st Dec 2020, Tilray and Aphria announce merger to create the largest global cannabis company. The merger would reassert Tilray and Aphria's dominance in the Canadian cannabis market. However, the companies are not just stopping there as they hold plans to enter the potentially massive US market. They have a head start too.
On 22 Jan 2022, Truss Beverage Launches New Cannabis Beverage Brands In Canada. The five new brands will offer beverages infused with either CBD or THC. All CBD and THC beverages within the portfolio have a low to medium dose of THC, in the range of 2.5 milligrams to 5 milligrams.