Cannabis-based alcoholic beverages are produced through the infusion of cannabis flower, seeds, hemp CBD, and cannabis terpenes into alcoholic drinks such as gin, vodka, whiskey, absinthe, beer, and wine. Many alcoholic beverage manufacturers are infusing THC as well as CBD into a myriad number of drinks, including margaritas, cider, and soda. It's use effectively treats insomnia, neurological diseases, epilepsy, cancer, psychotic ailments, anxiety, chronic pain, and seizures
MARKET SCOPE
The "Global Cannabis-Based Alcoholic Beverages Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cannabis-based alcoholic beverages market with detailed market segmentation by category, type, distribution channel, and geography. The report provides key statistics on the market status of the leading cannabis-based alcoholic beverages market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global cannabis-based alcoholic beverages market is segmented into cannabis-infused beers, cannabis-infused spirits, and cannabis-infused wines.
- Based on distribution channel, the global cannabis-based alcoholic beverages market is segmented into hypermarkets & supermarkets, specialty stores, online retail, and others.
MARKET DYNAMICS
Drivers:
- Rise in massive demand for wellness as well as alcoholic drinks among the customers and availability of the product in new flavors.
- Use of cannabis in effectively treating insomnia, neurological diseases, epilepsy, cancer, psychotic ailments, anxiety, chronic pain, and seizures.
Restraints:
- The ban on the production and consumption of cannabis in some countries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cannabis-based alcoholic beverages market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cannabis-based alcoholic beverages market in these regions.
IMPACT OF COVID-19 ON CANNABIS-BASED ALCOHOLIC BEVERAGES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the cannabis-based alcoholic beverages market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cannabis-based alcoholic beverages market are anticipated to lucrative growth opportunities in the future with the rising demand for cannabis-based alcoholic beverages in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cannabis-based alcoholic beverages market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Anheuser-Busch InBev
- Coalition Brewing
- California Dreamin'
- Beverages Trade Network, Lagunitas
- CannaVines
- New Age Beverages Corporation
- Dutch Windmill Spirits BV
- SK Rodnik
- Heineken NV
- The Supreme Cannabis Company
- Klosterbrauerei Wei?enohe GmbH & Co.KG
- General Cannabis Corporation
- MJ Wines LLC
- Koios Beverage Corporation
- NABC, Inc.
- Cannabis Energy Drink
- Rebel Coast Winery
- Wine & Cannabis
- Winabis.