The global Cannabis Infused Beverage Market Comprehensive Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Alcoholic, Non-Alcoholic), By Distribution Channel (Mass Merchandisers, Specialty Stores, Online Retail, Others)
A cannabis-infused beverage is a beverage product that contains cannabinoids, such as THC (tetrahydrocannabinol) and CBD (cannabidiol), derived from cannabis plants, in 2024. These beverages offer consumers an alternative way to consume cannabis compared to traditional methods like smoking or vaping. Cannabis-infused beverages come in various forms, including carbonated drinks, teas, coffees, juices, and flavored waters, providing consumers with options that suit their taste preferences and desired effects. With the legalization of cannabis in many regions and increasing acceptance of cannabis consumption for medicinal and recreational purposes, the market for cannabis-infused beverages is expanding. Companies are innovating with new formulations, flavors, and packaging to meet consumer demand for convenient, discreet, and enjoyable cannabis consumption experiences while adhering to regulations regarding potency, labeling, and marketing.
The market report analyses the leading companies in the industry including Aphria, Canopy Growth, Dixie Brands Inc, Hexo Corp, Keef Brand, Koios Beverage Corp, New Age Beverages Corp, Phivida Holdings Inc, The Alkaline Water Company, VCC Brand, and Others.
The market for cannabis-infused beverages is experiencing a prominent trend driven by the growing consumer demand for cannabis-infused products. With the legalization of cannabis for both medicinal and recreational use in various regions, there is a rising interest in alternative consumption methods beyond traditional smoking or vaping. Cannabis-infused beverages offer consumers a discreet, convenient, and socially acceptable way to consume cannabis, appealing to a diverse demographic of consumers seeking relaxation, stress relief, or wellness benefits. This trend is fueled by shifting attitudes towards cannabis, increasing awareness of its potential health benefits, and the desire for novel and enjoyable consumption experiences. As consumers seek innovative ways to incorporate cannabis into their lifestyles, there is a growing demand for a wide range of cannabis-infused beverages, including non-alcoholic and alcoholic options, functional drinks, and artisanal craft beverages, driving market growth and product innovation in the cannabis beverage segment.
A significant driver of the cannabis-infused beverage market is regulatory changes and the legalization of cannabis in various jurisdictions. As governments around the world legalize cannabis for medical or recreational use, there is a growing opportunity for companies to enter and expand in the cannabis-infused beverage market. Regulatory reforms and legalization initiatives create a favorable regulatory environment for the development, production, and distribution of cannabis-infused beverages, enabling companies to operate legally and access new markets. Moreover, the normalization of cannabis consumption and the establishment of clear regulatory frameworks provide certainty and stability for businesses investing in the cannabis beverage sector. The alignment of regulatory policies with consumer demand for cannabis-infused products drives market expansion and investment in innovative beverage formulations, positioning cannabis-infused beverages as a mainstream product category within the broader beverage market.
An opportunity for the cannabis-infused beverage market lies in innovation in flavor profiles and formulations to cater to diverse consumer preferences and tastes. With the increasing popularity of cannabis-infused beverages, there is a demand for a wide variety of flavors, textures, and product formats that appeal to different consumer segments. Cannabis beverage manufacturers have the opportunity to differentiate their products through creative flavor combinations, unique ingredient blends, and customizable formulations that offer a memorable and enjoyable drinking experience. Additionally, there is potential to develop functional cannabis beverages infused with botanical extracts, vitamins, and other wellness-enhancing ingredients to target specific health and wellness concerns such as relaxation, energy boost, or sleep support. By leveraging consumer insights, market research, and culinary expertise, cannabis beverage companies can capitalize on the opportunity to innovate and diversify their product offerings, capturing market share and driving growth in the rapidly evolving cannabis-infused beverage market.
The non-alcoholic segment is the largest segment in the cannabis infused beverage market due to shifting consumer preferences towards healthier lifestyle choices and increasing demand for alternative wellness beverages. Non-alcoholic cannabis infused beverages offer consumers a discreet and convenient way to consume cannabis while avoiding the negative health effects associated with alcohol consumption. Further, as cannabis legalization spreads globally, there is a growing interest in exploring the therapeutic benefits of cannabis compounds such as CBD and THC, driving the demand for non-alcoholic beverages infused with these compounds for relaxation, stress relief, and pain management. Additionally, the non-alcoholic segment caters to a broader consumer base, including individuals who abstain from alcohol for personal, religious, or health reasons, further expanding its market reach. With innovative formulations and flavor profiles, non-alcoholic cannabis infused beverages are poised to dominate the market, appealing to health-conscious consumers seeking functional and enjoyable beverage options.
The online retail segment is the fastest-growing segment in the cannabis infused beverage market, fueled by the increasing popularity of e-commerce channels and the convenience they offer to consumers seeking access to a diverse range of cannabis infused beverages. Online retail platforms provide a convenient and discreet shopping experience, allowing consumers to browse and purchase products from the comfort of their homes while ensuring a wide selection of brands and flavors. Further, the online retail segment caters to a broader geographic reach, enabling cannabis infused beverage brands to tap into new markets beyond their physical distribution networks. Additionally, online retail platforms leverage digital marketing and targeted advertising to reach specific consumer segments and drive product awareness and sales. With the proliferation of online shopping platforms and the growing acceptance of cannabis products, the online retail segment is poised for rapid expansion, positioning it as a key driver of growth in the cannabis infused beverage market.
By Type
Alcoholic
Non-Alcoholic
By Distribution Channel
Mass Merchandisers
Specialty Stores
Online Retail
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Aphria
Canopy Growth
Dixie Brands Inc
Hexo Corp
Keef Brand
Koios Beverage Corp
New Age Beverages Corp
Phivida Holdings Inc
The Alkaline Water Company
VCC Brand
*- List Not Exhaustive
Chapter 1. TABLE OF CONTENTS
Chapter 2. Introduction to Cannabis Infused Beverage Market
2.1. Market Overview
2.2. Key Statistics and Report Highlights
2.3. Scope of the Comprehensive Study
2.3.1. Market Definition
2.3.2 Countries and Regions Covered
2.3.3 Research Objective
2.3.4 Units, Currency, and Conversions
2.3.5 Industry Value Chain
2.4. Key Market Segments
2.5. Key Companies
2.6. Study Period
Chapter 3. Strategic Analysis Review
3.1. Cannabis Infused Beverage Pricing Analysis and Forecast
3.2. Porter’s Five Forces
3.3. Market Ecosystem
3.4. SWOT Analysis
3.5. Regulatory Scenario
3.3. Effects of Inflation, Russia-Ukraine War, moderating economic growth, and other macroeconomic factors
Chapter 4. Competitive Landscape
4.1. Market Share Analysis
4.1.1. Global Cannabis Infused Beverage Market Share by Company, 2023
4.1.2. Product Offerings of Leading Cannabis Infused Beverage Companies
4.2. Market Entropy
4.2.1. New Product Launches in the Industry
4.2.2. Mergers, Acquisitions, Joint ventures, and Partnerships
4.3. Key Strategies and Best Practices
Chapter 5. Global Market Projections: Best, Reference, and Low Case Scenarios
5.1. Growth Analysis- Case Scenario Definitions
5.2. Low Growth Case Scenario Forecasts
5.3. Reference Growth Case Scenario Forecasts
5.4. High Growth Case Scenario Forecasts
Chapter 6. Market Dynamics
6.1. Cannabis Infused Beverage Market Drivers
6.2. Cannabis Infused Beverage Market Challenges
6.6. Cannabis Infused Beverage Market Opportunities
6.4. Cannabis Infused Beverage Market Trends
Chapter 7. Global Cannabis Infused Beverage Market Outlook Trends
7.1. Global Cannabis Infused Beverage Revenue (USD Million) and CAGR (%) by Type (2021-2032)
7.2. Global Cannabis Infused Beverage Revenue (USD Million) and CAGR (%) by Application (2021-2032)
7.3. Global Cannabis Infused Beverage Revenue (USD Million) and CAGR (%) by Product (2021-2032)
By Type
Alcoholic
Non-Alcoholic
By Distribution Channel
Mass Merchandisers
Specialty Stores
Online Retail
Others
Chapter 8. Global Cannabis Infused Beverage Regional Analysis and Outlook
8.1. Global Cannabis Infused Beverage Revenue (USD Million) By Regions (2021- 2032)
8.2. North America Cannabis Infused Beverage Revenue (USD Million) by Country (2021-2032)
8.2.1. United States Cannabis Infused Beverage Regional Analysis and Outlook
8.2.2. Canada Cannabis Infused Beverage Regional Analysis and Outlook
8.2.3. Mexico Cannabis Infused Beverage Regional Analysis and Outlook
8.3. Europe Cannabis Infused Beverage Revenue (USD Million), by Country (2021-2032)
8.3.1. Germany Cannabis Infused Beverage Regional Analysis and Outlook
8.3.2. France Cannabis Infused Beverage Regional Analysis and Outlook
8.3.3. United Kingdom Cannabis Infused Beverage Regional Analysis and Outlook
8.3.4. Spain Cannabis Infused Beverage Regional Analysis and Outlook
8.3.5. Italy Cannabis Infused Beverage Regional Analysis and Outlook
8.3.6. Russia Cannabis Infused Beverage Regional Analysis and Outlook
8.3.7. Rest of Europe Cannabis Infused Beverage Regional Analysis and Outlook
8.4. Asia Pacific Cannabis Infused Beverage Revenue (USD Million) by Country (2021-2032)
8.4.1. China Cannabis Infused Beverage Regional Analysis and Outlook
8.4.2. Japan Cannabis Infused Beverage Regional Analysis and Outlook
8.4.3. India Cannabis Infused Beverage Regional Analysis and Outlook
8.4.4. South Korea Cannabis Infused Beverage Regional Analysis and Outlook
8.4.5. Australia Cannabis Infused Beverage Regional Analysis and Outlook
8.4.6. South East Asia Cannabis Infused Beverage Regional Analysis and Outlook
8.4.7. Rest of Asia Pacific Cannabis Infused Beverage Regional Analysis and Outlook
8.5. South America Cannabis Infused Beverage Revenue (USD Million), by Country (2021-2032)
8.5.1. Brazil Cannabis Infused Beverage Regional Analysis and Outlook
8.5.2. Argentina Cannabis Infused Beverage Regional Analysis and Outlook
8.5.3. Rest of South America Cannabis Infused Beverage Regional Analysis and Outlook
8.6. Middle East and Africa Cannabis Infused Beverage Revenue (USD Million) by Country (2021-2032)
8.6.1. Middle East Cannabis Infused Beverage Regional Analysis and Outlook
8.6.2. Africa Cannabis Infused Beverage Regional Analysis and Outlook
Chapter 9. North America Cannabis Infused Beverage Analysis and Outlook
9.1. North America Cannabis Infused Beverage Revenue (USD Million) by Segments (2021-2032)
9.1.1. North America Cannabis Infused Beverage Revenue (USD Million) by Type (2021-2032)
9.1.2. North America Cannabis Infused Beverage Revenue (USD Million) by Application (2021-2032)
9.1.3. North America Cannabis Infused Beverage Revenue (USD Million) by Product (2021-2032)
By Type
Alcoholic
Non-Alcoholic
By Distribution Channel
Mass Merchandisers
Specialty Stores
Online Retail
Others
Chapter 10. Europe Cannabis Infused Beverage Analysis and Outlook
10.1. Europe Cannabis Infused Beverage Revenue (USD Million), by Segments (USD Million) (2021-2032)
10.1.1. Europe Cannabis Infused Beverage Revenue (USD Million) by Type (2021-2032)
10.1.2. Europe Cannabis Infused Beverage Revenue (USD Million) by Application (2021-2032)
10.1.3. Europe Cannabis Infused Beverage Revenue (USD Million) by Product (2021-2032)
By Type
Alcoholic
Non-Alcoholic
By Distribution Channel
Mass Merchandisers
Specialty Stores
Online Retail
Others
Chapter 11. Asia Pacific Cannabis Infused Beverage Analysis and Outlook
11.1. Asia Pacific Cannabis Infused Beverage Revenue (USD Million), and Revenue (USD Million) by Segments (2021-2032)
11.1.1. Asia Pacific Cannabis Infused Beverage Revenue (USD Million) by Type (2021-2032)
11.1.2. Asia Pacific Cannabis Infused Beverage Revenue (USD Million) by Application (2021-2032)
11.1.3. Asia Pacific Cannabis Infused Beverage Revenue (USD Million) by Product (2021-2032)
By Type
Alcoholic
Non-Alcoholic
By Distribution Channel
Mass Merchandisers
Specialty Stores
Online Retail
Others
Chapter 12. South America Cannabis Infused Beverage Analysis and Outlook
12.1. South America Cannabis Infused Beverage Revenue (USD Million), by Segments (2021-2032)
12.1.1. South America Cannabis Infused Beverage Revenue (USD Million) by Type (2021-2032)
12.1.2. South America Cannabis Infused Beverage Revenue (USD Million) by Application (2021-2032)
12.1.3. South America Cannabis Infused Beverage Revenue (USD Million) by Product (2021-2032)
By Type
Alcoholic
Non-Alcoholic
By Distribution Channel
Mass Merchandisers
Specialty Stores
Online Retail
Others
Chapter 13. Middle East and Africa Cannabis Infused Beverage Analysis and Outlook
13.1. Middle East and Africa Cannabis Infused Beverage Revenue (USD Million), by Segments (2021-2032)
13.1.1. Middle East and Africa Cannabis Infused Beverage Revenue (USD Million) by Type (2021-2032)
13.1.2. Middle East and Africa Cannabis Infused Beverage Revenue (USD Million) by Application (2021-2032)
13.1.3. Middle East and Africa Cannabis Infused Beverage Revenue (USD Million) by Product (2021-2032)
By Type
Alcoholic
Non-Alcoholic
By Distribution Channel
Mass Merchandisers
Specialty Stores
Online Retail
Others
Chapter 14. Cannabis Infused Beverage Company Profiles
14.1 Business Overview
14.2 Product Profiles
14.3 SWOT Profiles
14.5 Recent Developments
14.6 Financial Profile
List of Companies
Aphria
Canopy Growth
Dixie Brands Inc
Hexo Corp
Keef Brand
Koios Beverage Corp
New Age Beverages Corp
Phivida Holdings Inc
The Alkaline Water Company
VCC Brand
15. Methodology and Data Sources
15.1 Customization Offerings
15.2 Subscription Services
15.3 Related Reports
15.4 Publisher Expertise
LIST OF TABLES
Table 1 Market Segmentation Analysis
Table 2 Global Cannabis Infused Beverage Market Share of Leading Companies, 2023
Table 3 Product Offerings of Leading Companies
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Cannabis Infused Beverage Revenue (USD Million) And CAGR (%) By Type (2021-2032)
Table 8 Global Cannabis Infused Beverage Revenue (USD Million) And CAGR (%) By Application (2021-2032)
Table 9 Global Cannabis Infused Beverage Revenue (USD Million) And CAGR (%) By Product (2021-2032)
Table 10 Global Cannabis Infused Beverage Market Revenue (USD Million) By Regions (2021-2032)
Table 11 Global Cannabis Infused Beverage Market Share (%) By Regions (2021-2032)
Table 12 North America Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Table 13 Europe Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Table 14 Asia Pacific Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Table 15 South America Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Table 16 Middle East and Africa Cannabis Infused Beverage Revenue (USD Million) By Region (2021-2032)
Table 17 North America Cannabis Infused Beverage Revenue (USD Million) By Type (2021-2032)
Table 18 North America Cannabis Infused Beverage Revenue (USD Million) By Application (2021-2032)
Table 19 North America Cannabis Infused Beverage Revenue (USD Million) By Product (2021-2032)
Table 20 Europe Cannabis Infused Beverage Revenue (USD Million) By Type (2021-2032)
Table 21 Europe Cannabis Infused Beverage Revenue (USD Million) By Application (2021-2032)
Table 22 Europe Cannabis Infused Beverage Revenue (USD Million) By Product (2021-2032)
Table 23 Asia Pacific Cannabis Infused Beverage Revenue (USD Million) By Type (2021-2032)
Table 24 Asia Pacific Cannabis Infused Beverage Revenue (USD Million) By Application (2021-2032)
Table 25 Asia Pacific Cannabis Infused Beverage Revenue (USD Million) By Product (2021-2032)
Table 26 South America Cannabis Infused Beverage Revenue (USD Million) By Type (2021-2032)
Table 27 South America Cannabis Infused Beverage Revenue (USD Million) By Application (2021-2032)
Table 28 South America Cannabis Infused Beverage Revenue (USD Million) By Product (2021-2032)
Table 29 Middle East and Africa Cannabis Infused Beverage Revenue (USD Million) By Type (2021-2032)
Table 30 Middle East and Africa Cannabis Infused Beverage Revenue (USD Million) By Application (2021-2032)
Table 31 Middle East and Africa Cannabis Infused Beverage Revenue (USD Million) By Product (2021-2032)
LIST OF FIGURES
Figure 1. Market Scope
Figure 2. Pricing Forecasts Per Unit, 2023- 2032
Figure 3. Porter’s Five Forces
Figure 4. Global Cannabis Infused Beverage Market Revenue (USD Million) By Regions (2021-2032)
Figure 5. Global Cannabis Infused Beverage Market Share (%) By Regions (2023)
Figure 6. North America Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 7. United States Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 8. Canada Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 9. Mexico Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 10. Europe Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 11. Germany Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 12. France Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 13. United Kingdom Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 14. Spain Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 15. Italy Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 16. Russia Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 17. Rest of Europe Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 11. Asia Pacific Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 12. China Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 13. Japan Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 14. India Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 15. South Korea Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 16. Australia Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 17. South East Asia Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 18. South America Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 19. Brazil Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 20. Argentina Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 21. Rest of Asia Pacific Cannabis Infused Beverage Revenue (USD Million) By Country (2021-2032)
Figure 22. Middle East and Africa Cannabis Infused Beverage Revenue (USD Million) By Region (2021-2032)
Figure 23. Saudi Arabia Cannabis Infused Beverage Revenue (USD Million) By Region (2021-2032)
Figure 24. The UAE Cannabis Infused Beverage Revenue (USD Million) By Region (2021-2032)
Figure 25. Rest of Middle East Cannabis Infused Beverage Revenue (USD Million) By Region (2021-2032)
Figure 26. South Africa Cannabis Infused Beverage Revenue (USD Million) By Region (2021-2032)
Figure 27. Africa Cannabis Infused Beverage Revenue (USD Million) By Region (2021-2032)
Figure 28. North America Cannabis Infused Beverage Revenue (USD Million) By Type (2021-2032)
Figure 29. North America Cannabis Infused Beverage Revenue (USD Million) By Application (2021-2032)
Figure 30. North America Cannabis Infused Beverage Revenue (USD Million) By Product (2021-2032)
Figure 31. Europe Cannabis Infused Beverage Revenue (USD Million) By Type (2021-2032)
Figure 32. Europe Cannabis Infused Beverage Revenue (USD Million) By Application (2021-2032)
Figure 33. Europe Cannabis Infused Beverage Revenue (USD Million) By Product (2021-2032)
Figure 34. Asia Pacific Cannabis Infused Beverage Revenue (USD Million) By Type (2021-2032)
Figure 35. Asia Pacific Cannabis Infused Beverage Revenue (USD Million) By Application (2021-2032)
Figure 36. Asia Pacific Cannabis Infused Beverage Revenue (USD Million) By Product (2021-2032)
Figure 37. South America Cannabis Infused Beverage Revenue (USD Million) By Type (2021-2032)
Figure 38. South America Cannabis Infused Beverage Revenue (USD Million) By Application (2021-2032)
Figure 39. South America Cannabis Infused Beverage Revenue (USD Million) By Product (2021-2032)
Figure 40. Middle East and Africa Cannabis Infused Beverage Revenue (USD Million) By Type (2021-2032)
Figure 41. Middle East and Africa Cannabis Infused Beverage Revenue (USD Million) By Application (2021-2032)
Figure 42. Middle East and Africa Cannabis Infused Beverage Revenue (USD Million) By Product (2021-2032)
By Type
Alcoholic
Non-Alcoholic
By Distribution Channel
Mass Merchandisers
Specialty Stores
Online Retail
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Cannabis Infused Beverage Market Size is valued at $486.2 Million in 2024 and is forecast to register a growth rate (CAGR) of 22.2% to reach $2417.6 Million by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Aphria, Canopy Growth, Dixie Brands Inc, Hexo Corp, Keef Brand, Koios Beverage Corp, New Age Beverages Corp, Phivida Holdings Inc, The Alkaline Water Company, VCC Brand
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume