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.
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
Breakup by Product Type:
- Bakery Products
- Cereal Bars
- Ice Cream
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
Specialty stores account for the majority of the global market share.
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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
||Source, Product Type, Distribution Channel, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, United Kingdom, Netherlands, Spain, China, South Korea, Australia, Brazil, Argentina, South Africa, Israel
||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.
||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
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)