CBD based Beverages Market: Rising legalisation of cannabis for medicinal and recreational purposesis boosting the demand for CBD based Beverages Market during the forecast period.

According to the report, the global CBD based Beverages market is expected to grow from USD 17.77 Billion in 2022, which is expected to reach USD 30.1 Billion by 2033, growing at a CAGR of 15.4% from 2023 to 2033. CBD (cannabidiol) is a non-psychoactive compound found in the cannabis plant that has been used in a variety of wellness products, including beverages. The market for CBD-based beverages includes a range of products, including CBD-infused water, tea, coffee, energy drinks, and functional beverages. The CBD-based beverage market has been growing rapidly in recent years, driven by factors such as the increasing consumer interest in wellness products, the growing acceptance of cannabis-based products, and the potential health benefits associated with CBD.

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Key Highlights:

• The global CBD based Beverages Market size was valued at USD 77 billion in 2022 growing at a CAGR of 15.4% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has published a new market research report on Global CBD based Beverages Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the CBD based Beverages market report also includes the following data points:

• COVID19 Impact on CBD based Beverages market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in CBD based Beverages market

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Key Players

Some of the major CBD based Beverages players holding high market share include Canopy Growth Corporation, The Cronos Group, Tilray., Hexo. These players use new product development/partnership as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• Canopy Growth Corporation
• The Cronos Group
• Hexo
• CannTrust
• Aurora Cannabis Inc.
• GW Pharmaceuticals plc.
• VIVO Cannabis Inc.
• Alkaline88,
• NewAge Inc.
• Dixie Brands
• KANNAWAY LLC.

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of CBD based Beverages Market:

• Alcoholic
• Non-alcoholic

Market Segment By Grade with focus on market share, consumption trend, and growth rate of CBD based Beverages Market:

• Pharmaceutical Grade
• Food Grade

Market Segment By Distribution Channel with focus on market share, consumption trend, and growth rate of CBD based Beverages Market:

• Online Stores
• Mass Merchandisers
• Convenience Stores
• Storefront Dispensaries
• Others

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Global CBD based Beverages Geographic Coverage:

• North America
  • US
  • Canada
  • Mexico

• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Nordic Countries
  • Benelux
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific

• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA

• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Reasons to Buy this Report:

• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

About EvolveBI
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