Cannabis-infused Food & Beverage Market Analysis, Scope, Future Trends and Opportunities During 2018-2024
According to a recent report published
by Fast.MR, titled, Cannabis-infused
Food & Beverage Market 2018: Market Size, Market
Volume, Trends, Opportunity, Forecast 2018-2024, “the global
cannabis-infused food & beverage market accounted for USD XX Million in
2018 and is estimated to reach USD XX Million by 2024. Moreover, it is
anticipated to flourish at a CAGR of XX% during the forecast period i.e.
2019-2024.
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The global cannabis-infused food
& beverage market has been segmented based on the product, on
purpose and by distribution channel. Based on the product type, this market has
been segmented into cannabis-infused food and cannabis-infused beverage
products. The cannabis-infused food segment is the largest market segment among
these whereas the cannabis-infused beverage segment is estimated to emerge as
the fastest growing market over the upcoming years. Availability of a wide
range of cannabis-infused food products in the market and their use for medical
purposes are to major factors which are poised to allow the cannabis-infused
food segment to enjoy the leading position in the market.
Based on purpose, the market is further
sub-segmented into medical and recreational segments. Among which medical
segment is doing exceptionally well in global cannabis-infused food &
beverage market, as consumers are strongly adopting such products due to their
medical benefits. Apart from medical applications, companies are looking
forward to expanding the recreation business segment also and are introducing
many attractive and mouth-watering cannabis-infused food & beverage
products.
Cannabis in Food & Business
Industry
Cannabis-infused food & beverage
products come in many different varieties including brownies, candy, chocolate
bars, cookies, drinks, pills, snacks, spreads and more. Food & beverage
companies are constantly introducing new food & beverage products infused
with different forms of cannabis in order to target different consumer
categories. Although, there are so many delicious products currently
available—from sweets like chocolates, ice cream or candies to savory items
like medicated pizza, BBQ sauce or chips, the possibilities appear to be
endless when it comes to these cannabis-infused foods & beverage products.
Usage of Cannabis-infused Food &
Beverage
There are many cannabis-infused foods
& beverage options available to patients today, many are choosing to
explore methods of medicating beyond the traditional pipe or paper. Cannabis
infused food & beverage products commonly referred to as edibles, provide
another option to patients who cannot, or choose not to smoke their medicinal
cannabis. Edibles come in many different varieties including brownies, candy,
chocolate bars, cookies, drinks, pills, snacks, spreads and more. The
cannabis-infused edible companies are practicing new strategies in order to
boost their growth, for instance, there are even some companies that offer a
medicated meals-on-wheels service for patients that cannot physically leave the
house.
Regional Outlook:
In terms of geography, the
Cannabis-infused Food & Beverage market is segregated into North America,
Europe, Asia Pacific, Middle East & Africa, and Latin America. North
America accounts for the major share of the global Cannabis-infused Food &
Beverage pipes market. Legalization of cannabis in North American countries has
fueled the market in this region. However, Europe cannabis-infused food &
beverage market is about to register a strong growth rate in the coming years
as Europe is starting to embrace the shift towards marijuana legalization.
Competitive Landscape:
The report also covers detailed
competitive analysis of major market players of the global cannabis-infused
food & beverage market, such as Neurogan, ACME Naturals, Singlespeed,
PureKana, Leif Goods, Not Pot, Lord Jones, CBD Genesis, Alchimiaweb S.L.,
CannaCraft, and other notable players. The cannabis-infused food & beverage
market is witnessing a wide range of industry activities such as product
launch, acquisition, mergers, and expansion across the globe.
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clients with better strategies to stand out in the market.
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FAST.MR
150 State Street, Albany,
New York, USA 12207
+1 (518) 300-1215
Email: sales@fastmr.com
Website: www.fastmr.com
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