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The Worldwide Cannabis in Food and Beverage Industry is Expected to Reach $3.4 Billion by 2030 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Cannabis in Food and Beverage Market Share, Size, Trends, Industry Analysis Report, By Product Type; By Distribution Channel; By End-Use; By Source Type; By Region; Segment Forecast, 2022 – 2030” report has been added to ResearchAndMarkets.com’s offering.

The global cannabis in food and beverage market size is expected to reach USD 3411.43 million by 2030, according to a new study.

The report gives a detailed insight into current market dynamics and provides analysis on future market growth.

Cannabis’s social acceptance in many nations is a big motivator for its incorporation in food and drinks. This acceptance has cleared the road for recreational marijuana legalization, increasing the demand for marijuana-infused sweets and drinks. Furthermore, marijuana meals and drinks have the appropriate amount of marijuana produced with healthful ingredients. Marijuana is in high demand due to the increasing legalization of marijuana for medical and recreational purposes.

Based on the product type, the bakery products segment accounted for the leading share in the market in 2021. This can be related to the rising demand for marijuana-infused bakery foods such as THC and CBD in nations such as the U.S. and Canada. Furthermore, the increased penetration of marijuana in the drinks and spirits industries is predicted to enhance demand for the marijuana food and drinks market in countries like Mexico and Brazil.

In April 2021, The Valens Company Inc. stated that it had agreed to purchase the whole of Green Roads of Florida, LLC’s issued and outstanding shares. Green Roads’ purchase increases The Valens Company’s potential to provide a broader CBD product portfolio to the U.S. domestic and global markets. Furthermore, the Green Roads acquisition would provide many businesses and operational benefits that will assist The Valens Company in achieving its aim of being a top global maker of marijuana products.

Companies Mentioned

  • Alkaline88 LLC.
  • Beverages Trade Network
  • Cannabis Sativa Inc.
  • Cannara Biotech Inc
  • CannTrust Holdings Inc
  • Coalition Brewing
  • Coca-Cola
  • Dixie Brands Inc.
  • Dutch Windmill Spirits
  • Energy Drink
  • GENERAL CANNABIS CORP.
  • HEXO Corp
  • Koios Beverage Corporation
  • Lagunitas Brewing Company
  • Natural Extractions
  • Organigram Holdings Inc.
  • Phivida
  • Rocky Mountain High
  • The Alkaline Water Company
  • The Supreme Cannabis Company Inc.
  • Youngevity International Inc.

The publisher has segmented the cannabis in food and beverage market report based on product, distribution channel, end-user, source type, and region:

Cannabis in Food and Beverage, Product Outlook

  • Bakery products
  • Chocolate
  • Cereal bars
  • Candy
  • Beverages
  • Ice cream
  • Others

Cannabis in Food and Beverage, Distribution Channel Outlook

  • Mass Merchandisers
  • Specialty Store
  • Online Stores
  • Others

Cannabis in Food and Beverage, End-User Outlook

  • Households
  • Cafes
  • Restaurants
  • Hotels
  • Others

Cannabis in Food and Beverage, Source Type Outlook

  • Hemp-Derived
  • Marijuana Derived
  • Synthetic

Cannabis in Food and Beverage, Regional Outlook

  • North America
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • UK
  • Italy
  • Netherlands
  • Spain
  • Austria
  • Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

For more information about this report visit https://www.researchandmarkets.com/r/7soj0h.

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