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The global CBD food and beverage market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 25% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on source, product type and distribution channel.
Breakup by Source:
Breakup by Product Type:
Breakup by Distribution Channel:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|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.|
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