CBD Food and Beverage Market Size, Growth, Trends, Report 2023-2028

CBD Food and Beverage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2761

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Market Overview:

The global CBD food and beverage market is expected to exhibit a CAGR of 27.23% during 2023-2028.

Cannabidiol (CBD) is a non-psychoactive derivative of cannabis that is naturally obtained from the hemp plant. It is infused in numerous food items and beverages as it helps in osteoporosis, stress management, insomnia, inflammation, and hyperemesis. CBD foods and beverages are considered healthier alternatives to smoking cannabis as they mitigate exposure to tar and carcinogens. At present, a vast range of CBD-infused edible products is available, including bakery items, chocolates, tea, gummies, snacks, and ice creams.

Global CBD Food and Beverage Market

CBD Food and Beverage Market Trends:

The escalating demand for wellness beverages among individuals represents one of the key factors positively influencing the market. In addition, the increasing legalization of recreational cannabis in several countries is driving the sales of CBD foods and beverages. Apart from this, the wide availability of CBD-infused beverages, such as fruit punch, cannabis cola, coffee, and tea, in various legal marijuana dispensaries is further stimulating the market growth. Additionally, the increasing adoption of CBD-infused edible products for treating nausea, muscle spasms, poor appetite, weight loss, and various types of cancer is strengthening the market growth. Furthermore, the shifting consumer preferences towards healthier edible alternatives due to the high prevalence of several respiratory ailments is augmenting the market growth. Besides this, leading manufacturers are continuously focusing on formulating chemical-free and natural products with herbal ingredients, which is contributing to the market growth. Furthermore, the growing popularity of CBD protein bars among athletes, fitness freaks, and sportspersons is catalyzing the product demand. Moreover, numerous developments are resulting in the launch of alcohol-free beer manufactured using CBD.

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 at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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

Bakery products currently hold the majority of the market share due to the rising demand for CBD-infused food products.

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Specialty Stores
Convenience Stores
Online
Others

Specialty stores account for the majority of the global market share.

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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Segment Coverage	Source, Product Type, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, United Kingdom, Netherlands, Spain, China, South Korea, Australia, Brazil, Argentina, South Africa, Israel
Companies Covered	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.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the global CBD food and beverage market to exhibit a CAGR of 27.23% during 2023-2028.

The growing popularity of chemical-free and natural CBD-infused edible products, such as bakery items, chocolates, tea, etc., for treating nausea, muscle spasms, poor appetite, weight loss, etc., is primarily driving the global CBD food and beverage market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of CBD food and beverages.

Based on the product type, the global CBD food and beverage market has been segmented into bakery products, chocolate, cereal bars, candies, beverages, ice cream, and others. Among these, bakery products currently hold the majority of the total market share.

Based on the distribution channel, the global CBD food and beverage market can be divided into supermarkets and hypermarkets, specialty stores, convenience stores, online, and others. Currently, specialty stores exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global CBD food and beverage market include 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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