The global CBD food and beverage market grew at a CAGR of around 21% during 2014-2019. Looking forward, IMARC Group expects the market to continue its strong growth during the next five years. Cannabidiol (CBD) refers to a non-psychoactive derivative of cannabis that is extracted from leaves, resins, and flowers of marijuana or hemp plant. CBD is primarily infused with several food items and beverages based on its antioxidant and neuroprotective properties. As a result, these edible products help in treating numerous health conditions, such as anxiety, osteoporosis, insomnia, inflammation, hyperemesis, etc. CBD food and beverages are considered to be the healthier alternatives of smoking cannabis as they mitigate the exposure to tar and carcinogens. Some of the CBD-infused edible products that are widely available in the market include chocolates, bakery items, gummies, tea, snacks, ice cream, etc.
The growing legalization of recreational cannabis across several countries, such as the United States, Canada, Mexico, etc., is primarily driving the market for CBD food and beverages. Furthermore, the rising shift from smoking cannabis towards healthier edible alternatives based on the high prevalence of several respiratory ailments is also propelling the market growth. Additionally, the wide availability of CBD-infused beverages, such as cannabis cola, fruit punch, coffee, tea, etc., across various legal marijuana dispensaries, is further augmenting the global market. Apart from this, the growing adoption of CBD-infused edible products for treating poor appetite, weight loss, nausea, and muscle spasms, in cancer patients is also catalyzing the market growth. Moreover, the increasing popularity of CBD protein bars among athletes and sportspersons has led to the elevating product demand in the sports nutrition sector. Numerous innovations pertaining to the micro-dosing of cannabis have led to the introduction of alcohol-free beer brewed from CBD, which are further expected to drive the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global cbd food and beverage market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, source, product type and distribution channel.
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The competitive landscape of the industry has also been examined with some of the key players being Alkaline88 LLC, Beverages Trade Network, Dixie Brands Inc., Green Roads (Affinity Beverage Group, Inc.), Kannaway LLC, Koios Beverage Corp., Lagunitas Brewing Company (Heineken N.V.), NaturalXtract, New Age Beverages Corporation and The Supreme Cannabis Company Inc.
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