Global cannabis beverages market expected to prosper by 2026

Premier market research company Global Industry Analysts Inc. (GIA) has published a new market study into the worldwide cannabis drinks market.

Titled, “Cannabis Beverages – Global Market Trajectory & Analytics,” the investigative report provides fascinating insights into the obstacles and opportunities that this market presents in a post-coronavirus world.

Some of the key players are expected to include Dixie Brands, New Age Beverages and VCC Brand. 

Key takeaways from the global cannabis beverages market report

This year, the worldwide cannabis drinks market is projected to top $1 billion. Plus, the report found that from now until 2026, the market will inflate at a CAGR of 16.9 percent.

One of the most interesting takeaways from the global cannabis beverages report is one section titled “Non-Alcoholic.” The analysts believe that growth in this area of the market will surge at a compound annual growth rate of 17.5 percent, climbing to USD$1.6 billion by the end of the forecast period. 

Since cannabis-derived compounds (such as cannabinoids) are rapidly being introduced into beverages, these predictions indicate that such products which are classified as non-alcoholic could play a major role in the segment’s growth.

Following an in-depth analysis of coronavirus-related business repercussions on the global drinks market, inflation in the alcoholic segment was revised to 15.7% CAGR for the looming seven-year period.

Cannabis beverages harbor money-making appeal for worldwide markets 

Shifting the focus back towards cannabis beverages, the value of this area of the market is estimated to top USD$752 million this year. The country maintains a 70.9 percent share in the global market. 

Asia-Pacific’s cannabis drinks market looks set to become a USD $146.7 million market by the year 2026, carrying a CAGR of 14.2%. 

Canada and Europe are also worth watching, say the analysts responsible for carrying out this global cannabis beverages market report. Throughout the forecast period, the markets in each country are predicted to grow at 16.7% and 16.1% respectively.

In regards to the worldwide THC-infused drinks market, three main places on the map will amplify 16.2 percent CAGR in this segment: USA, Canada and Europe. 

Collectively, these regional markets constitute a combined market worth of USD $422.5 million and will swell to US$1.2 billion by the end of the analysis period. 

Conversely, Asia-Pacific’s THC-infused drinks market is gravitating towards USD $76.6 million by the year 2026.

Separate report reveals positive outlook for global cannabis-infused drinks market

Fast-forwarding their attention to the global cannabis beverages market in the year 2028, analysts from Market Insights released a separate report

Although Market Insights’ report delves further into the future of cannabis drinks, the analysis draws a similar conclusion: well-known companies are becoming increasingly interested in these types of products, which maintain a heavy influence over the worldwide drinks market in general. 

Cannabis’ influence over the global beverages market has become all the more apparent amid the recent and ongoing rise of cannabis legalization across various countries, in addition to a growing body of evidence pointing to the plant’s remedial qualities.

Some of the top companies featured in Market Insights’ report on the global cannabis drinks market include CannaPunch, Canna Cola, Cannabiniers, Dixie Brands, Know label Wines, Lagunitas Brewing Company, Mirth Provisions, New Age Beverages, Rebel Coast Winery, Tinley Beverage and VCC Brands.

The report, which can be downloaded by clicking here, is segmented by product type, application, specialty stores, online retailers, retail pharmacies and departmental stores. The primary geographical locations that stand out in Market Insights’ report include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.