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.
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.
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.
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.
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.