Cannyx Market Forecast | US CBD Beverage Market Size 2018-2025
A recent report by Grand View Research said that the global cannabis beverages market size is expected to reach USD 2.8 Billion by 2025 at a CAGR of 17.8%. Within this the CBD/hemp infused beverage market is rapidly becoming one of the most significant CBD market growth segments.
Here we forecast that the US CBD Beverage Market could potentially be valued at $1.9 Billion by 2025.
The demand for CBD beverages over THC equivalents is largely being driven by the non-psychoative properties of the cannabinoid. Many consumers are considering CBD drinks as wellness and anti-inflammatory products.
Lack of psychoactive effect in the CBD drinks is widening its scope for usage of the drinks in medical purposes. CBD Beverages can be potentially used for treating chronic pain, anxiety, substance use disorders and central nervous system diseases.
The easy form factor of a CBD-infused beverage also makes it appealing to consumers. An infused tea or coffee is easily incorporated into existing life style routines, and the retail opportunities for point-of-sale with these types of products outweigh many other CBD sectors. Cafes, bars, hotels, restaurants, wellness clinics and many more are all starting to see the potential of making CBD-beverages available to their clientele.
In combination these factors are expected to boost the adoption of the product, resulting in the growth of the segment.
Active companies in the industry making moves within the segment include: Cannabis Global, Inc. (OTCPK: MCTC), Aphria Inc. (NYSE: APHA) (TSX:APHA), CV Sciences, Inc. (OTCQB: CVSI), Hexo Corp (NYSE: HEXO) (TSX:HEXO), Molson Coors Beverage Co. (NYSE: TAP).
CBD-infused beverages offer many functional benefits that account for the rapid growth we expect during the forecast period:
There are already many different forms of CBD beverage and these continue to grow in terms of application. Already many major drinks manufacturers have made strategic moves into this market, and as mainstream acceptance increase this will only continue.
Each new segment represents new consumer opportunity: