CBD Food and Beverage Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

CBD Food and Beverage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global CBD food and beverage market grew at a CAGR of around 21% during 2014-2019. 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. Looking forward, IMARC Group expects the global CBD food and beverage market to continue its strong growth during the next five years.

Key Market Segmentation:

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.

Breakup by Source:

Marijuana Derived
Hemp Derived
Synthetic

Breakup by Product Type:

Bakery Products
Chocolate
Cereal Bars
Candies
Beverages
Ice Cream
Others

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Specialty Stores
Convenience Stores
Online
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- South Korea
- Australia
- Others
Europe
- Germany
- United Kingdom
- Netherlands
- Spain
- Others
Latin America
- Brazil
- Argentina
- Others
Middle East and Africa
- South Africa
- Israel

Competitive Landscape:

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.

Key Questions Answered in This Report:

How has the global CBD food and beverage market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global CBD food and beverage market?
What are the key regional markets?
What is the breakup of the market based on the source?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global CBD food and beverage market and who are the key players?
What is the degree of competition in the industry?