Global cannabis beverages market expected to prosper by 2026

Global cannabis beverages market expected to prosper by 2026
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Premier market research company Global Industry Analysts Inc. (GIA) has published a new market study into the worldwide cannabis drinks market. Titled, “Cannabis Beverages – Global Market Trajectory & Analytics,” the investigative report provides fascinating insights into the obstacles and opportunities that this market presents in a post-coronavirus world. Some of the key players are expected to include Dixie Brands, New Age Beverages and VCC Brand.  Key takeaways from the global cannabis beverages market report This year, the worldwide cannabis drinks market is projected to top $1 billion. Plus, the report found that from now until 2026, the market will inflate at a CAGR of 16.9 percent. One of the most interesting takeaways from the global cannabis beverages report is one section titled “Non-Alcoholic.” The analysts believe that growth in this area of the market will surge at a compound annual growth rate of 17.5 percent, climbing to USD$1.6 billion by the end of the forecast period.  Since cannabis-derived compounds (such as cannabinoids) are rapidly being introduced into beverages, these predictions indicate that such products – which are classified as non-alcoholic – could play a major role in the segment’s growth. Following an in-depth analysis of coronavirus-related business repercussions on the global drinks market, inflation in the alcoholic segment was revised to 15.7% CAGR for the looming seven-year period. Cannabis beverages harbor money-making appeal for worldwide markets  Shifting the focus back towards cannabis beverages, the value of this area of the market is estimated to top USD$752 million this year. The country maintains a 70.9 percent share in the global market.  Asia-Pacific’s cannabis drinks market looks set to become a USD $146.7 million market by the year 2026, carrying a CAGR of 14.2%.  Canada and Europe are also worth watching, say the analysts responsible for carrying out this global cannabis…

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