- Alcoholic Cannabis Infused Drinks
- Non-Alcoholic Cannabis Infused Drinks
Cannabis-Infused Sparkling Water Market size was valued at USD x million in 2022 and is poised to grow at a significant CAGR of 32.9% from 2023-2029. Cannabis is a flowering plant that belongs to the cannabaceae family and is commonly known as hemp. For years, cannabis has been used as a source of hemp oil and hemp fiber and is regarded as a psychoactive drug for its therapeutic purpose. Recently the use has been extended to standard consumable drinks called cannabis drinks. The alcoholic cannabis-infused drinks segment is anticipated to grow at a significant CAGR over the forecast years owing to alcoholic cannabis-infused drinks being made up of cannabis flower, hemp seeds, cannabidiol, and tetrahydrocannabinol (THC) in alcoholic beverages such as vodka, wine, whiskey, gin, and beer. the rising population of flavored alcoholic, beverages, especially among the youth generation. The utilization of chronic pain, cancer, insomnia, neurological disorder, epilepsy, and anxiety is expected to further exploration of market trends. Increasing recreational and therapeutic usage, and growing demand among customers for wellness beverages, a few factors driving the industry's growth over the forecasting period.
Cannabis-Infused Sparkling Water Market Key Developments:
In May 2019, -Caliva, one of California's leading vertically integrated cannabis firms, acquired Zola, the maker of plant-powered drinks, to expand into the cannabis and hemp-based CBD (HCBD) beverage space.
In January 2019, Aphria Inc. has announced it has completed the previously announced acquisition of CC Pharma GmbH, big distributor of pharmaceutical goods, including medicinal cannabis, through more than 13,000 pharmacies in Germany and throughout Europe. The Company continues to strengthen its end-to-end cannabis operations and infrastructure in Germany.
Fastest Growing Market
Legalization of medical or recreational cannabis in various areas has had a substantial beneficial influence on the global cannabis business. The beverage industry is undergoing drastic upheaval because of chemicals and ingredients. Consumers, particularly in developed countries such as Europe and North America, are constantly changing the sector of chemicals-free, all-natural, and with herbal and recognized formulations trends and innovations. Such factors contribute to the expansion of the cannabis beverage industry.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.