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Cannabis-infused Food and Beverage Market

Cannabis-infused Food and Beverage Market (Product Type - Food, and Beverages; Purpose - Recreational and Medical): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : FB0252

  • Category : Food & Beverages

  • Status : Published

A recent report published by Infinium Global Research on cannabis-infused food and beverage market provides an in-depth analysis of segments and sub-segments in the global as well as regional cannabis-infused food and beverage market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cannabis-infused food and beverage market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global cannabis-infused food and beverage market. According to the report, the global cannabis-infused food and beverage market is projected to grow at a CAGR of 36.8% over the forecast period of 2019-2025.

 

Market Insight

Cannabis-infused food and beverage products contain cannabinoids especially tetrahydrocannabinol. The functional ingredients in food and beverage infused with cannabis provide some wellness enhancement in health. Cannabis has fruitful opportunities in soft drinks and less sugary drinks that fit into health and wellness trend. Cannabis has key growth areas in bakery products, pasta, savory snacks, and soups.

 

The rising legalization of some form of marijuana to use in specific applications led to the expansion of the cannabis-infused food and beverage market. The increasing interest of the food and beverage industry in cannabis leverages market growth. Cannabidiol is the legalized and most adopted form of marijuana in the food and beverage industry. The cannabis-infused food and beverage products provide several health benefits leading to the growth of the market. Additionally, rising consumption of cannabis-infused food and beverage products for pleasure or in the treatment of conditions such as chronic pain, cancer, and anxiety stimulate the growth of the market. Further, the availability of cannabis-infused food and beverage products in different varieties such as drinks, snacks, spreads, cookies, candy, brownies, chocolate bars, and others boosts the expansion of the market. In addition, increasing disposable income of consumers and improvement in living standards stimulate innovations in the food and beverage industry. Consumers are focused on the food that can promote good health, and improve their brain efficiency and also benefits the physical appearance. The increasing awareness about cannabis-infused food and beverage products through the internet and social media complement the growth of the market. On the flip side, health risks related to the consumption of cannabis-infused food and beverage products hinder the growth of the market. Moreover, the introduction of new food and beverage products that infused with different forms of cannabis to target various consumer categories creates numerous opportunities for the growth of the cannabis-infused food and beverage market.

 

Geographically, the global cannabis-infused food and beverage market are divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold a dominant share in the global cannabis-infused food and beverage market. The legalization of cannabis in North America contributes to the growth of the cannabis-infused food and beverage market in the region. Europe is anticipated to have a healthy CAGR in the global cannabis-infused food and beverage market over the forecast period. The shift towards marijuana legalization in Europe led to the cannabis-infused food and beverage market in the region. Asia-Pacific region has fruitful growth opportunities in the global cannabis-infused food and beverage market. The enhanced laboratory proficiency testing with a large number of manufacturers and a rise in research laboratories in the Asia-Pacific region led to the growth of the food and biologics market and thus promote cannabis testing in the region. Additionally, the growing legalization of cannabis products for medical and recreational purposes in Asia-Pacific led to the market growth in the region.

 

Segment Covered

The report on global cannabis-infused food and beverage market covers segments such as product type, and purpose. On the basis of product type, the sub-markets include food, and beverages. On the basis of purpose, the sub-markets include recreational, and medical.

 

Companies Profiled:

The report provides profiles of the companies in the market such as ACME Naturals, LLC, Aphria Inc., CBD Genesis, Alchimiaweb S.L., CannaCraft, Aurora Cannabis Inc., GW Pharmaceuticals, plc, Cronos Group Inc., VIVO Cannabis Inc., Organigram Holdings Inc., and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cannabis-infused food and beverage market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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