CBD Food and Beverage Market Size, Share & Growth 2023-2028
According to the latest report by IMARC Group, titled “CBD Food and Beverage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global CBD food and beverage market is expected to exhibit a CAGR of 27.23% during 2023-2028.
Cannabidiol (CBD) is a naturally occurring cannabinoid that is found in the cannabis plant. It assists in reducing anxiety by regulating serotonin chemical in the brain. It also assists in improving the digestive system, sleep, mood, and human behavior. It protects the nervous system from damage and injury as CBD has neuroprotector properties. Besides this, it aids in treating the pain associated with arthritis and multiple sclerosis. As a result, CBD is widely utilized in various food and beverage products, such as coffee, juice, muffins, chocolate bars, jellybeans, ice cream, gummies, and snacks, across the globe.
Global CBD Food and Beverage Market Trends:
At present, the rising awareness about the health benefits of CBD food and beverage products among individuals represents one of the primary factors bolstering the growth of the market. Besides this, the growing demand for CBD beverages to treat several health conditions due to their antioxidant properties is offering a positive market outlook. Apart from this, the increasing demand for CBD dietary supplements, sodas, sparkling water, and cold brew coffee around the world is strengthening the growth of the market. Moreover, the legalization of cannabis for medical and recreational purposes in various countries is offering lucrative growth opportunities to industry investors. Furthermore, the increasing adoption of CBD-infused food and beverage products to prevent inflammation, relieve pain, and enhance sleep and stress management is propelling the growth of the market.
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Global CBD Food and Beverage Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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
- The Supreme Cannabis Company Inc.
The report has segmented the market on region, 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
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online
- Others
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)
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