The global CBD Beverages market is primarily segmented based on different type, application, sales channel, and region. On the basis type, market is segmented into food grade CBD beverages, pharmaceutical grade CBD beverages and others. On the basis application, market is segmented into chronic pain, muscle pain, anxiety and others. On the basis of distribution channel, market is segmented into conventional stores, online stores and pharmacies.
CBD beverages have gained popularity as cannabis products were legalized by the Farm bill (Agricultural Improvement Act) in 2014. The rising awareness of health benefits of CBD products has elevated the growth of CBD Beverages Market Globally. In general, the beverage is created as normal – tea and coffee are brewed or water is filtered and treated as necessary – and then infused with CBD. Because CBD is non-psychoactive, it doesn’t provide the “high” that users get from ingesting marijuana.
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Top Key Players:
Alkaline88, LLC, Cannara Biotech Inc. Phivida, New Age Beverages Corporation, Tilray, Aurora Cannabis, Canopy Growth Corporation, Canntrust, CBD Biotechnology Co. Ltd, Other prominent players
Global CBD Beverages Market Regional Overview
CBD beverages market is expected to grow immensely in North America region, with the legalization of CBD infused products in many states. North American states including Colorado, Utah, Iowa, Texas, California, and others have approval to grow and market CBD infused products
CBD beverages are considered as a natural remedy for a variety of health conditions. CBD infused beverages are believed to treat varieties of health conditions including pain, anxiety, central nervous system disease, epilepsy and many more. Rising awareness of consumers on the wellness of the products and a growing number of health-conscious consumers is driving the growth of CBD beverage market.
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What does the report include?
In-depth levels of market segmentation by product, and distribution channel
Market segmentation at the global and regional levels
Market shares for the base year 2020 and forecast year 2027 for each of the segmentation categories and market sizing from 2020 to 2026
Global player profiles based on parameters including business overview, financial performance, product portfolio, and recent business strategies
Evaluation of market competition based on the key player positioning and use of analytical models such as Porters Five Forces analysis and market value chain
In-depth market dynamics such as growth drivers, growth restraints, and opportunities
A major chunk of this research report is talking about some significant approaches for enhancing the performance of the companies. Marketing strategies and different channels have been listed here. Collectively, it gives more focus on changing rules, regulations, and policies of governments. It will help to both established and new startups of the market.