Global Cannabis-based Alcoholic Beverages Market Overview:
Cannabis is also called Maryjane among different names is a psychoactive drug from the Cannabis plant. The cannabis plant has been utilized as a drug for both sporting and entheogenic purposes and in different conventional prescriptions for quite a long time. Cannabis-based alcoholic beverages are created through the mixture of cannabis flower, seeds, hemp CBD and cannabis terpenes into cocktails i.e. alcoholic beverages like Whiskey, absinthe, beer, gin, vodka, etc. Numerous cocktail makers are mixing THC just as CBD into a heap number of beverages, including margaritas, juice, and soda. Its utilization viably treats sleep deprivation, neurological infections, epilepsy, malignancy, insane afflictions, uneasiness, ongoing agony, and seizures.
- The rise in massive demand for wellness as well as alcoholic drinks among the customers
- Increase in availability of the cannabis-based alcoholic beverages product in new flavors
- The ban on the production and consumption of cannabis in some countries
- Side effect on the health of drinking alcoholic beverages
- Use of Cannabis for the development of medicine on various diseases
- Formulation of standard guidelines for the use of cannabis
- An enormous part of the general public still believes that cannabis should be illegal
- The legality of using cannabis in public housing restricts many potential buyers from purchasing
The leading players in the market are to avail competitive advantage, make a new strategic partnership with the other companies, and focus on developing CBD beverages. The companies also widen the perspective of the market participants by arranging the cannabis drink expo.
Some of the key players profiled in the report are Anheuser-Busch InBev (Belgium), Coalition Brewing (United States), California Dreamin (United States), Beverages Trade Network (United States), New Age Beverages Corporation (United States), SK Rodnik (Russia), Heineken NV (Netherlands), The Supreme Cannabis Company (Canada), General Cannabis Corporation (United States) and MJ Wines LLC (United States). Additionally, following companies can also be profiled that are part of our coverage like Koios Beverage Corporation (Canada), NABC, Inc. (United States), Cannabis Energy Drink (United Kingdom) and Rebel Coast Winery (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Cannabis-based Alcoholic Beverages market by 2026. Considering Market by By Distribution Channels, the sub-segment i.e. Online Retail will boost the Cannabis-based Alcoholic Beverages market.
Latest Market Insights:
On 16 Dec 2020, Tilray and Aphria, two leading cannabis companies from Canada announced to combine their businesses and create the world’s largest global cannabis company based on pro forma revenue. Tilray and AB InBev establish a research partnership focused on non-alcohol THC and CBD beverages. The partnership between Tilray’s Canadian adult-use cannabis subsidiary High Park Company and AB InBev’s subsidiary Labatt Breweries of Canada is geographically limited to Canada.
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.
Iowa Department of Inspections and Appeals (DIA) The Food and Consumer Safety Bureau with the DIA is responsible for administering and enforcing the Iowa Food Code, by conducting food safety inspections at food establishments and food processing plants. DIA is a regulatory addressing CBD in food products. and The Food and Drug Administration (FDA) offers an FAQ that states that it is unlawful under the Federal Food, Drug, and Cosmetic Act (FD&C Act) to introduce food containing added THC or CBD into interstate commerce, or to market THC or CBD products as, or in, dietary supplements, regardless of whether the substances are hemp-derived.
What Can be Explored with the Cannabis-based Alcoholic Beverages Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cannabis-based Alcoholic Beverages Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cannabis-based Alcoholic Beverages
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cannabis-based Alcoholic Beverages market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cannabis-based Alcoholic Beverages market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industrial Associations, Distribution Channel Firms, Government Regulatory Bodies, Medical Institutions and Private Research Institutions.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Cannabis-based Alcoholic Beverages Market?
The Cannabis-based Alcoholic Beverages market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Cannabis-based Alcoholic Beverages Market?
Top performing companies in the Global Cannabis-based Alcoholic Beverages market are Anheuser-Busch InBev (Belgium), Coalition Brewing (United States), California Dreamin (United States), Beverages Trade Network (United States), New Age Beverages Corporation (United States), SK Rodnik (Russia), Heineken NV (Netherlands), The Supreme Cannabis Company (Canada), General Cannabis Corporation (United States) and MJ Wines LLC (United States), to name a few.
3. What trending factors would impact Cannabis-based Alcoholic Beverages Market growth most?
"Increase in popularity of cannabis in medical treatments like neurological diseases, cancer, anxiety, chronic pain, and seizures
" is seen as one of major influencing trends for Cannabis-based Alcoholic Beverages Market during projected period 2020-2026.