"Cannabidiol (CBD) Infused Beverages Market

The industry's interest in CBD-based products has skyrocketed as a result of the general public's efforts to legalise marijuana for medicinal and recreational purposes. As a result of their non-psychotropic effects, cannabidiol (CBD) infused beverages have gained popularity among consumers. The growing range of medicinal applications for cannabidiol (CBD), such as neurological disorders, psychiatric disorders, and cancer therapeutics, is a key driver of the cannabidiol (CBD) infused beverages market's evolution.

Data Bridge Market Research analyses that the cannabidiol (CBD) infused beverages market which was valued at USD 2.83 billion in 2021 and is expected to reach the value of USD 8.96 billion by 2029, at a CAGR of 15.50% during the forecast period of 2022-2029.

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Some of the major players operating in the cannabidiol (CBD) infused beverages market are:

• Canopy Growth Corporation (Canada)
• The Cronos Group (Canada)
• Tilray. (US)
• Hexo (Canada)
• CannTrust (Canada)
• Aurora Cannabis Inc. (Canada)
• GW Pharmaceuticals plc. (UK)
• VIVO Cannabis Inc. (Canada)
• Alkaline88, (US)
• NewAge Inc. (US)
• Cannara. (Canada)
• Dixie Brands (US)
• KANNAWAY LLC. (US)
• The Supreme Cannabis Company, Inc (Canada)
• CANNABIS Aphria (Canada)
• CURA CS, LLC. (US)
• KAZMIRA  (US)
• Curaleaf (US)
• CannazALL (US)    

Global Cannabidiol (CBD) Infused Beverages Market Scope

The cannabidiol (CBD) infused beverages market is segmented on the basis of product type, CBD type, grade and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Alcoholic
• Non-Alcoholic

CBD type

• Marijuana-Derived
• Hemp-Derived
• Synthetic

Grade

• Pharmaceutical grade
• Food grade

Distribution channel

• Storefront Dispensaries
• Convenience Stores
• Online
• Others

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Cannabidiol (CBD) Infused Beverages Market Dynamics

Drivers

• Rising legalisation of cannabis for medicinal and recreational purposes

The increasing legalisation of cannabis for a variety of medical and recreational purposes, particularly across borders, is increasing demand for cannabidiol (CBD) infused beverages. Furthermore, rising consumer awareness of the numerous benefits of cannabidiol (CBD) in treating inflammation, relieving pain, improving sleep quality, and stress management is propelling market growth.

• The rising prevalence of neurological and psychiatric disorders among population

The rising prevalence of several respiratory ailments caused by cannabis smoking has resulted in a shift in consumer preference for CBD-infused food products, such as cannabidiol (CBD) infused beverages. Furthermore, the rising prevalence of various neurological and psychiatric disorders is driving the adoption of cannabidiol (CBD) infused beverages due to their non-psychotropic properties, which eliminate the risk of drug-induced sensations among consumers Furthermore, potential CBD beverage customers are more willing to spend money on legal CBD products, which is positively impacting the cannabidiol (CBD) infused beverages market growth rate.

Opportunity

CBD products, are gaining popularity as an alternative to traditional analgesics like ibuprofen, aspirin, and others. CBD has been discovered to have powerful anti-anxiety and anti-depressant properties. Furthermore, it has been shown to increase neurogenesis (brain cell growth) in key areas of the brain associated with anxiety and depression. All of these factors will play a significant role in driving market growth in the coming years. Similarly, ongoing research into the development and production of healthier forms of cannabis and it’s by products will create new opportunities for the cannabidiol (CBD) infused beverages market during the forecast period.

Restraints

Most CBD products are not FDA-approved because their strengths and purity can vary between brands and even within the same brand, potentially resulting in less-than-desired positive outcomes. As a result, their use is restricted in a number of countries.

This cannabidiol (CBD) infused beverages market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cannabidiol (CBD) infused beverages market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-cannabidiol-cbd-infused-beverages-market
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