Cannabis Beverages Market Size to Reach USD 8,521.6 Million by 2027
The global cannabis beverages market size is set to gain impetus from the increasing popularity of these
products owing to their possession of several functional benefits, such as easy availability, ease of
administration, and portion-controlled doses. Fortune Business Insights™ presented this information in a
new study, titled, “Cannabis Beverages Market Size, Share & COVID-19 Impact Analysis, By Type
(Alcoholic and Non-alcoholic), Distribution Channel (Mass Merchandisers, Specialty Stores,
Online Retail, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the
market size stood at USD 367.4 Million in 2019 and is projected to reach USD 8,521.6 Million by 2027,
exhibiting a CAGR of 50.9% in the forecast period.
The decline in Sales of Cold Beverages Owing to COVID-19 May Hinder Growth
The emergence of the COVID-19 pandemic has compelled the regulatory bodies to implement social
distancing, sanitization, and stringent lockdown measures for preventing transmission. This is further
resulting in a decline in the trend of eating out. Hence, the demand for cold beverages is reducing
worldwide. We are delivering accurate reports to help you better understand the current scenario of the
This Report Answers the Following Questions:
Which segment is set to lead the market and why?
How will the market be affected amid the COVID-19 pandemic?
How many opportunities and challenges is the market likely to come across?
What strategies are the key players adopting to strengthen their positions?
Drivers & Restraints
Rapid Shift of Consumers towards Chemical-free & Natural Trends to Aid Growth
The consumption of cannabis nowadays is not limited to bongs, pipes, and joints. People have a wide range
of choices, including infused products and concentrates. The global beverages industry is undergoing a
significant transformation with the additives and ingredients. Consumers based in the developed c