Cannabis-Infused Beer Market Size Was Valued at USD 408 Million in 2023, and is Projected to Reach USD 2726.86 Million by 2032, Growing at a CAGR of 23.5% From 2024-2032.
Cannabis beer, also referred to as cannabis-infused beer or THC beer, is an alcoholic drink that contains cannabinoids such as THC and CBD derived from the cannabis plant. It combines the effects of alcohol and cannabis, providing a distinctive sensory encounter with different flavors and scents. Potency and impacts may differ depending on the dosage and personal tolerance level. Nevertheless, specific jurisdictions may impose legal limitations on the manufacturing and distribution of cannabis-infused beer.
Cannabis beer, or cannabis-infused beverages, is a fresh product blending cannabis effects with the refreshing features of beer. It provides recreational use, social pleasure, relaxation, and stress reduction advantages because of the cannabinoids THC and CBD. It also presents a non-alcoholic option similar to alcohol, allowing for a comparable social atmosphere. Tailored formulations can be developed to meet various preferences and requirements.
Top Key Players Covered In Cannabis-Infused Beer Market
Constellation Brands (US), Molson Coors Beverage Company (US), Cannabiniers (US), Dixie Brands Inc. (US), Cannabinoid Creations (US), Coalition Brewing Co. (US), Ceria Beverages (US), Two Roots Brewing Co. (US), Lagunitas Brewing Company (Heineken-owned) (US), Keith Villa's CERIA Brewing Co. (US), Evergreen Herbal (US), Rebel Coast Winery (US), Mirth Provisions (US), Leafbuyer Technologies, Inc. (US), Green Thumb Industries Inc. (US), Canopy Growth Corporation (Canada), Canopy Rivers Inc. (Canada), Tilray Inc. (Canada), The Supreme Cannabis Company (Canada), CannTrust Holdings Inc. (Canada), Province Brands of Canada (Canada), Aurora Cannabis Inc. (Canada), The Green Organic Dutchman Holdings Ltd. (TGOD) (Canada), Hexo Corp (Canada), Blaze Life Holdings (BLH) (California), Heineken (Netherlands), and other major players
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Investing in local or secure food sources can help clients maintain product availability despite supply chain disruptions, enhancing brand trust by ensuring consistent delivery. Additionally, offering functional foods for seniors, such as products that promote cognitive or digestive health, allows clients to tap into the growing older consumer market, fostering long term growth in the health food sector.
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Segmentation Analysis of the Cannabis-Infused Beer Market
Cannabis-Infused Beer Market Segmented based on type, distribution channel.
By Type
- Tetrahydrocannabinol (THC)
- Cannabidiol (CBD)
By Distribution Channel
- Direct Sales
- Indirect Sales
- Online Channels
Cannabis-Infused Beer Market Trend Analysis
The increasing desire for unique and innovative drinks, influenced by shifting consumer tastes, lifestyles, and industry trends, is fueling the popularity of cannabis-infused beer. The younger generation is looking for new and creative choices, as craft beer, hard seltzers, and non-alcoholic beverages challenge the popularity of traditional beer and wine. Cannabis-infused beer presents a unique product category that attracts bold customers.
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Cannabis-Infused Beer Market Regional Insights:
The cannabis-infused beer market in North America is projected to be led by various factors, including the legalization of cannabis for both medical and recreational use in the US and Canada. This creates an ideal setting for the development, manufacturing, and sales of cannabis-infused products like beer. Additionally, the presence of a well-established cannabis industry in North America, particularly in Canada, featuring skilled growers, processors, and sellers, aids in the production and supply of cannabis-infused beer.
The flourishing craft beer scene in North America, where consumers are eager to experiment with new and innovative beer offerings, positions North America as a key market for cannabis-infused beer. North America's strong consumer awareness and approval of cannabis products, shaped by years of advocacy and media attention, makes them open to cannabis-infused beverages such as beer.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Report includes Competitor's Landscape:
- Major trends and growth projections by region and country
- Key winning strategies followed by the competitors
- Who are the key competitors in this industry?
- What shall be the potential of this industry over the forecast tenure?
- What are the factors propelling the demand for the Action Figures And Statues?
- What are the opportunities that shall aid in significant proliferation of the market growth?
- What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
- How has the covid-19 impacted the growth of the market?
- Has the supply chain disruption caused changes in the entire value chain?
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