Cannabis Beverage Market: Size, Growth, Regional Analysis, And Market Analysis

Posted By : arorasurbhi on 2021-07-31   18:53:04    India
  Cannabis Beverage Market

Description

Cannabis:

Cannabis is a flowering plant that belongs to the Cannabaceae family and is commonly referred to as hemp. Cannabis has long been utilized as a source of hemp oil and hemp fiber and its medical and mind-altering properties. Cannabis drinks, which are commonly consumed beverages, have recently been added to the list of approved uses.

Market Analysis:

By 2025, the global Cannabis Beverage Market is estimated to reach USD 2.8 billion, growing at a CAGR of 17.8%. Due to the presence of multiple small and medium-sized businesses, the market is highly fragmented. The majority of the companies are situated in Canada, thanks to the country's legalization of marijuana for medical and recreational use.

The cannabis beverages sector is expected to grow in response to the rising demand for health drinks. The availability of an adequate amount of cannabis for ingestion and the product's low sugar content are among the drivers expected to propel the cannabis, Beverage Market. The legalization of marijuana for medical and recreational uses in several nations is expected to boost demand for cannabis-infused beverages and the assembly.

The increased usage of cannabis for various ailments such as neurological disorders, cancer, and pain management is expected to fuel the demand for cannabis drinks. In addition, growing consumer interest in cannabis edibles is projected to contribute to the industry's growth. As a result, consumers are moving their attention away from smoking cannabis and other options such as beverages, tinctures, chocolates, and other edibles.

Read More: https://coherentmarketblogs.blogspot.com/2021/07/cannabis-beverage-market-size-growth.html




About Author

arorasurbhi (Delhi, India)
I am a blogger and I write Report Oriented Blogs

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