New York, NY, June 17, 2021 (GLOBE NEWSWIRE) – Facts and Factors released a new research report entitled, “Cannabis in the Food and Beverage Market by Product Type (Bakery Products, Candy, Chocolate, Beverage, Granola Bars, Ice Cream), and others), by source type (from hemp, marijuana and synthetic), by quality type (food grade and pharmaceutical quality), by end user (households, cafes, restaurants, hotels and others) and by distribution channel (specialty store, bulk retailer, online shops and other) by region: Global and regional industry perspective, comprehensive analysis and forecast, 2021-2026 ”.
“According to the latest research report, demand for the size and proportion of global cannabis in food and beverages is projected to increase from $ 684 million in 2020 to $ 2,818 million by 2026, with a compound annual growth rate (CAGR) of 26.6% during the forecast period 2020 to 2026 “
Global Cannabis in the Food and Beverage Market: Overview
The cannabis plant is often referred to as hemp, but this name only refers to the types of cannabis that are grown for non-medicinal purposes. Hemp seeds, oil, hemp fiber, and hemp leaves have been used as vegetables and juices and even as recreational drugs for therapeutic purposes for centuries. There are around 100 different forms of cannabinoids, the most common of which are tetrahydrocannabinol (THC) and cannabidiol (CBD).
Many economies around the world are affected by the COVID-19 outbreak. More than 100 nations are affected by the epidemic. Governments around the world have announced partial or total lockdowns to control the spread of the disease and prevent its effects, which has had a serious impact on many companies. Still, the cannabis sector is at a turning point. State and local governments are quick to accept the value and benefits of medical cannabis as it is good for the respiratory effects of COVID-19. As a result, this aspect is likely to increase demand for cannabis in the food and beverage business.
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Important market participants in the industry
- Natural extractions
- Beverage trading network
- Canopy growth
- VCC brand
- Dixie Brands Inc.
- Hexo group
- New Age Beverages Corporation
- General Cannabis Corporation
- Phivida Holdings Inc
- The Supreme Cannabis Company
- Coalition brows
- Koios Beverage Corporation
- Alkaline88 LLC
- The alkaline water company
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Key questions answered in this report:
- What is the predicted market size and growth rate of cannabis in the food and beverage market?
- What are the key factors driving the growth of the cannabis in food and beverages market?
- What are the top companies operating in cannabis in the food and beverage market?
- Which segments are covered in cannabis in the food and beverage market?
- How do I get free sample reports / company profiles of cannabis in the food and beverage market?
The increasing demand for medicinal cannabis is driving the growth of cannabis in the food and beverage industry, where it is marketed and consumed as a wellness food or beverage. In addition, the social acceptance of cannabis in many countries is an important factor in its inclusion in food and beverages. This acceptance has paved the way for recreational marijuana legalization and increased demand for cannabis-infused sweets and beverages. In addition, the cannabis meals and drinks contain the right amount of marijuana and are made with healthy components.
The market for cannabis in food and beverages is mainly driven by the increasing legalization of recreational cannabis in various countries such as the United States, Canada, and Mexico. In addition, due to the increasing incidence of many respiratory diseases, there is a growing trend away from smoking cannabis towards healthier edible options, which is fueling market growth. Additionally, the widespread availability of CBD-fortified beverages such as cannabis-cola, fruit punch, coffee, tea, and other CBD-fortified beverages in a variety of legal marijuana stores is fueling the global industry.
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Global Cannabis in the Food and Beverage Market: Segmentation
The global Cannabis In Food and Beverage market is segmented on the basis of the product type, source type, strain type, end-user, and distribution channel. and region
In 2018, according to the distribution channel, the specialty store category was the most important point in the supply chain with the largest cannabis market share in food and beverages. This is due to increased acceptance of cannabis products by specialty chains in both established and emerging economies. Additionally, online stores offer a one-stop shop where customers can get all forms of cannabis in food and beverages, making it a popular shopping destination for customers.
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North America is expected to dominate global cannabis market growth in the food and beverage market
North America is considered the most important regional cannabis in the food and beverage market. This is due to the relaxation of the ban on the use of cannabis in the manufacture of food and beverages in the United States. In the United States, over 33 states have allowed the use of infusions of cannabis in food and drink. This element is expected to fuel the growth of the cannabis food and beverages market in the future in North America. The availability of cannabis-infused consumable protein bars to athletes is also contributing to the global expansion of cannabis foods.
Browse the full report, Cannabis In The Food And Beverage Market By Product Type (Bakery Products, Candy, Chocolate, Beverage, Granola Bars, Ice Cream And Others), By Source Type (From Hemp, Marijuana-Made And Synthetic), By Grade Type (Food Grade And Pharmaceutical Quality), by end user (households, cafes, restaurants, hotels and others) and by distribution channel (specialty store, bulk retailer, online shops and others) by region: Global and regional industry perspective, comprehensive analysis and forecast, 2021-2026 “report under https://www.fnfresearch.com/cannabis-in-food-and-beverage-market
The Global Cannabis In Food and Beverage Market is segmented as follows:
By product type:
- Bakery products
- granola bar
- Ice cream
By source type:
- Obtained from hemp
- Derived marijuana
By class type:
- Food grade
- Pharmaceutical grade
By end user:
By sales channel:
- Specialty shop
- Online stores
Key highlights of this report:
- Statistically validated analysis of historical, current and forecasted industry trends with authenticated market size information and data related to value and volume, if applicable
- Detailed list of key buyers and end users (consumers) analyzed by region and application
- Overview of the main marketing strategies and main sales channels that are being launched in the market
- Market attractiveness analysis and analysis of the most important investment opportunities in the market for the future
- Direct and indirect factors that affected the industry, as well as projected reasons that are likely to affect the industry
- Historical and forecast market shares of companies / vendors / OEMs / suppliers, competitive landscape and data on player positioning
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