IMARC Group, a leading market research company, has recently releases report titled “CBD Food and Beverage Market Report by Source (Marijuana Derived, Hemp Derived, Synthetic), Product Type (Bakery Products, Chocolate, Cereal Bars, Candies, Beverages, Ice Cream, and Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Convenience Stores, Online, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the CBD food and beverage market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the CBD food and beverage market?
The global CBD food and beverage market size reached US$ 7.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 57.6 Billion by 2032, exhibiting a growth rate (CAGR) of 26.33% during 2024-2032.
What is CBD food and beverage?
CBD food and beverage refers to products infused with cannabidiol (CBD), a naturally occurring compound found in cannabis plants. These products are created by incorporating CBD extracts, typically derived from hemp, into various food and drink items. CBD is known for its potential therapeutic properties, such as promoting relaxation, reducing anxiety, and relieving pain. CBD-infused food and beverages offer consumers an alternative way to incorporate CBD into their daily routines. Examples of CBD food and beverage products include CBD-infused chocolates, gummies, beverages like teas and coffees, and even savory snacks. It’s important to note that CBD products must comply with legal regulations and should be sourced from reputable manufacturers.
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What are the growth prospects and trends in the CBD food and beverage industry?
The CBD food and beverage industry has witnessed significant growth in recent years and continues to show promising prospects. The increasing acceptance and legalization of cannabis in various regions have contributed to the expansion of this market. Consumers are becoming more open to exploring the potential health benefits of CBD and are seeking alternative wellness products. One prominent trend is the diversification of CBD-infused products beyond traditional offerings. The industry is witnessing innovation in the form of CBD-infused energy drinks, sparkling water, health bars, and even pet food. This diversification appeals to a wider consumer base and drives market growth. Moreover, there is a growing demand for transparency and quality in CBD products. Consumers are increasingly interested in knowing the source of CBD, extraction methods used, and third-party lab testing results. This emphasis on transparency and quality assurance is driving manufacturers to prioritize product integrity and build consumer trust.Overall, with evolving consumer preferences, increased product variety, and a focus on transparency, the CBD food and beverage industry is expected to continue its growth trajectory in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Source:
- Marijuana Derived
- Hemp Derived
- Synthetic
Breakup by Product Type:
- Bakery Products
- Chocolate
- Cereal Bars
- Candies
- Beverages
- Ice Cream
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Alkaline88 LLC
- Beverages Trade Network
- Dixie Brands Inc.
- Green Roads (Affinity Beverage Group, Inc.)
- Kannaway LLC
- Koios Beverage Corp.
- Lagunitas Brewing Company (Heineken N.V.)
- NaturalXtract
- New Age Beverages Corporation
- The Supreme Cannabis Company Inc.
Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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