Cannabis Beverages Market Size, Share & Trends Analysis Report By Type (Alcoholic, Non-Alcoholic), By Component (Cannabidiol (CBD), Tetrahydrocannabinol (THC)), And Segment Forecasts, 2019 - 2025

Published: Jan, 2020 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global cannabis beverages market size is expected to reach USD 2.8 billion by 2025, expanding at a CAGR of 17.8% during the forecast period, according to a new report by Grand View Research, Inc. The market is highly fragmented in nature, owing to the presence of the small and medium scale companies. Majority of the companies are based in Canada owing to the legalization of marijuana for medical and recreational purpose in the country. Rise in legalization of marijuana in order to eradicate the black market and to boost the tax revenue from legal sales of marijuana products is anticipated to positively influence the growth.

Rising popularity of wellness drinks is also expected to support the demand over the forecast period. The legalization of cannabis for medical and recreational purpose has had a strong impact on the sales of alcoholic drinks. As a result, many alcohol manufacturers are investing in the growing trend of marijuana-infused drinks. For instance, Lagunitas, Heineken's fast-growing California beer label, launched Hi-Fi Hops, which is a cannabis-based beverage with zero calories or carbs and is infused with Cannabidiol (CBD) and Tetrahydrocannabinol (THC). In 2017, Constellation Brands, third largest beer manufacturer in U.S., entered into a partnership with Canopy Growth-world's largest marijuana grower to develop cannabis-infused beverages.

Consumers are shifting their preference from soft drinks to wellness drinks leading into increasing sale of cannabis beverages. Low sugar content in drinks is the major driving factor for the growth of the market. Also, consumers prefer these beverages as an alternative to cannabis smoking and consumption of marijuana-infused chocolates, cookies, brownies and confectionaries like gummies and candies. Off trade sales channels, such as hotels, cafes, restaurants, clubs, and lounges are expected to boost the popularity of the product among consumers.

Strong demand for cannabis beverages from millennials is also anticipated to drive the market growth. As per a 2017 Yahoo News poll, majority of the 55 million recreational marijuana users in U.S. were millennials. Most millennials consume marijuana socially and only 25% of them consume it alone. A 10-year study by researchers at University of Connecticut and Georgia State University completed in 2017, found that in U.S. counties where marijuana was legalized, wine and beer purchases decreased by 15%.

North America is estimated to be the fastest and largest market over the forecast period. The growth is majorly driven by the legalization of marijuana for medical and recreational purpose. As per the National Conference of State Legislatures, total 33 states, District of Columbia, Guam, Puerto Rico, and U.S. Virgin Islands have approved publicly available medical cannabis program resulting in increased launch of several cannabis drinks. Also, 13 states in U.S. allow the use of low THC and high CBD products for medical purposes, resulting in high demand for CBD infused cannabis drinks in the region.

Europe is estimated to witness strong growth over the forecast period, owing to a rise in cannabis consumers in the region. As per the Cannabis Trade Association, the number of CBD user in U.K. increased from 125,000 in 2016 to 250,000 in 2017. Also, the companies operating in the region are launching products to keep up with the growing trend of wellness drinks. For Instance, Manchester-based CBD Ultra and Cloud 9 Brewing have launched U.K.'s first CBD Session IPA beer brewed with Cannabis Sativa extract.

Further key findings from the report suggest:

• By Type, non-alcoholic segment was the largest and fastest growing segment in 2018 and is expected to continue leading over the forecasted period, majorly driven by rising product demand from the newcomers and female consumers

• CBC infused cannabis beverages is estimated to be the fastest growing segment over the forecast period, owing to the non-psychoactive property of CBD

• In Europe, Netherland hold the largest market share owing to the presence of cafes and restaurants dedicated for cannabis consumption and increasing trend of cannabis tourism in the country

• Some of the key players operating in the global market include New Age Beverages Corporation; The Alkaline Water Company; Phivida Holdings Inc.; Koios Beverage Corporation.; VCC Brand; Dixie Brands Inc.; Keef Brand; Hexo Corp; Aphria; and Canopy Growth

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                         1.3.1. Purchased Database
                         1.3.2. GVR's Internal Database
                         1.3.3. Secondary Sources & Third-Party Perspectives
                         1.3.4. Primary Research
                    1.4. Information Analysis
                         1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing

Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights

Chapter 3. Cannabis Beverages Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                         3.3.1. Sales/Retail Channel Analysis
                         3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                         3.4.1. Market Driver Analysis
                         3.4.2. Market Restraint Analysis
                         3.4.3. Industry Challenges
                         3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                         3.5.1. Industry Analysis - Porter's
                              3.5.1.1. Supplier Power
                              3.5.1.2. Buyer Power
                              3.5.1.3. Substitution Threat
                              3.5.1.4. Threat from New Entrant
                              3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Cannabis Beverages Market
                    3.7. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision
                    4.3. Consumer Product Adoption
                    4.4. Observations & Recommendations

Chapter 5. Cannabis Beverages Market: Type Estimates & Trend Analysis
                    5.1. Type Movement Analysis & Market Share, 2018 & 2025
                    5.2. Alcoholic
                         5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Non-Alcoholic
                         5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 6. Cannabis Beverages Market: Component Estimates & Trend Analysis
                    6.1. Component Movement Analysis & Market Share, 2018 & 2025
                    6.2. Cannabidiol (CBD)
                         6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Tetrahydrocannabinol (THC)
                         6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 7. Cannabis Beverages Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                         7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.2.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                         7.2.3. Market estimates and forecast, by component, 2015 - 2025 (USD Million)
                         7.2.4. U.S.
                              7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.2.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                              7.2.4.3. Market estimates and forecast, by component, 2015 - 2025 (USD Million)
                         7.2.5. Canada
                              7.2.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.2.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                              7.2.5.3. Market estimates and forecast, by component, 2015 - 2025 (USD Million)
                    7.3. Europe
                         7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.3.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                         7.3.3. Market estimates and forecast, by component, 2015 - 2025 (USD Million)
                         7.3.4. Germany
                              7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                              7.3.4.3. Market estimates and forecast, by component, 2015 - 2025 (USD Million)
                         7.3.5. U.K.
                              7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                              7.3.5.3. Market estimates and forecast, by component, 2015 - 2025 (USD Million)
                         7.3.6. Netherlands
                              7.3.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.6.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                              7.3.6.3. Market estimates and forecast, by component, 2015 - 2025 (USD Million)
                    7.4. Rest of the World
                         7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Million)
                         7.4.3. Market estimates and forecast, by component, 2015 - 2025 (USD Million)

Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                         8.3.1. Key company market share analysis, 2018

Chapter 9. Company Profiles
                    9.1. New Age Beverages Corporation
                         9.1.1. Company Overview
                         9.1.2. Financial Performance
                         9.1.3. Product Benchmarking
                         9.1.4. Strategic Initiatives
                    9.2. The Alkaline Water Company
                         9.2.1. Company Overview
                         9.2.2. Financial Performance
                         9.2.3. Product Benchmarking
                         9.2.4. Strategic Initiatives
                    9.3. Phivida Holdings Inc
                         9.3.1. Company Overview
                         9.3.2. Financial Performance
                         9.3.3. Product Benchmarking
                         9.3.4. Strategic Initiatives
                    9.4. Koios Beverage Corporation
                         9.4.1. Company Overview
                         9.4.2. Financial Performance
                         9.4.3. Product Benchmarking
                         9.4.4. Strategic Initiatives
                    9.5. VCC Brand
                         9.5.1. Company Overview
                         9.5.2. Financial Performance
                         9.5.3. Product Benchmarking
                         9.5.4. Strategic Initiatives
                    9.6. Dixie Brands Inc.
                         9.6.1. Company Overview
                         9.6.2. Financial Performance
                         9.6.3. Product Benchmarking
                         9.6.4. Strategic Initiatives
                    9.7. Keef Brand
                         9.7.1. Company Overview
                         9.7.2. Financial Performance
                         9.7.3. Product Benchmarking
                         9.7.4. Strategic Initiatives
                    9.8. Hexo Corp
                         9.8.1. Company Overview
                         9.8.2. Financial Performance
                         9.8.3. Product Benchmarking
                         9.8.4. Strategic Initiatives
                    9.9. Aphria
                         9.9.1. Company Overview
                         9.9.2. Financial Performance
                         9.9.3. Product Benchmarking
                         9.9.4. Strategic Initiatives
                    9.10. Canopy Growth
                         9.10.1. Company Overview
                         9.10.2. Financial Performance
                         9.10.3. Product Benchmarking
                         9.10.4. Strategic Initiatives

List of Tables

1. Cannabis Beverages - Key market driver analysis
2. Cannabis Beverages - Key market restraint analysis
3. Global Alcoholic cannabis beverages market estimates and forecast, 2015 - 2025 (USD Million)
4. Global Non-Alcoholic cannabis beverages market estimates and forecast, 2015 - 2025 (USD Million)
5. Global Cannabis Beverages market estimates and forecast for Cannabidiol (CBD), 2015 - 2025 (USD Million)
6. Global Cannabis Beverages market estimates and forecast for Tetrahydrocannabinol (THC), 2015 - 2025 (USD Million)
7. North America Cannabis Beverages market estimates and forecast, 2015 - 2025 (USD Million)
8. North America Cannabis Beverages market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
9. North America Cannabis Beverages market revenue estimates and forecast by component, 2015 - 2025 (USD Million)
10. U.S. Cannabis Beverages market estimates and forecast, 2015 - 2025 (USD Million)
11. U.S. Cannabis Beverages market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
12. U.S. Cannabis Beverages market revenue estimates and forecast by component, 2015 - 2025 (USD Million)
13. Canada Cannabis Beverages market estimates and forecast, 2015 - 2025 (USD Million)
14. Canada Cannabis Beverages market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
15. Canada Cannabis Beverages market revenue estimates and forecast by component, 2015 - 2025 (USD Million)
16. Europe Cannabis Beverages market estimates and forecast, 2015 - 2025 (USD Million)
17. Europe Cannabis Beverages market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
18. Europe Cannabis Beverages market revenue estimates and forecast by component, 2015 - 2025 (USD Million)
19. Germany Cannabis Beverages market estimates and forecast, 2015 - 2025 (USD Million)
20. Germany Cannabis Beverages market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
21. Germany Cannabis Beverages market revenue estimates and forecast by component, 2015 - 2025 (USD Million)
22. U.K. Cannabis Beverages market estimates and forecast, 2015 - 2025 (USD Million)
23. U.K. Cannabis Beverages market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
24. U.K. Cannabis Beverages market revenue estimates and forecast by component, 2015 - 2025 (USD Million)
25. Netherlands Cannabis Beverages market estimates and forecast, 2015 - 2025 (USD Million)
26. Netherlands Cannabis Beverages market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
27. Netherlands Cannabis Beverages market revenue estimates and forecast by component , 2015 - 2025 (USD Million)
28. RoW Cannabis Beverages market estimates and forecast, 2015 - 2025 (USD Million)
29. RoW Cannabis Beverages market revenue estimates and forecast by type, 2015 - 2025 (USD Million)
30. RoW Cannabis Beverages market revenue estimates and forecast by component, 2015 - 2025 (USD Million)
31. Vendor landscape

List of Figures

1. Cannabis Beverages market snapshot
2. Cannabis Beverages market segmentation & scope
3. Cannabis Beverages market penetration & growth prospect mapping
4. Cannabis Beverages value chain analysis
5. Cannabis Beverages market dynamics
6. Cannabis Beverages market Porter's analysis
7. Cannabis Beverages market: Type movement analysis
8. Cannabis Beverages market: Component movement analysis
9. Cannabis Beverages market: Regional movement analysis