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 THC beer, is an alcoholic drink made with cannabinoids THC and CBD from the cannabis plant. It mixes the effects of alcohol and cannabis, providing a distinct sensory experience with different flavors and scents. The strength and impact may differ depending on the amount taken and personal tolerance levels. Nevertheless, there may be legal limitations on producing and selling cannabis-infused beer in certain areas.
Cannabis-infused beer, also referred to as cannabis beer or cannabis-infused drinks, is an innovative product that blends the impacts of cannabis with the invigorating attributes of beer. It provides recreational use, social pleasure, relaxation, and stress relief advantages because of cannabinoids such as THC and CBD. It also gives a non-alcoholic option as a substitute for alcohol, providing a comparable social atmosphere. Tailored formulations can be developed to meet varying 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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Opportunity Line Here
Targeting health-conscious consumers with CBD-infused options
Breweries have a special chance to attract health-conscious consumers interested in alternative drinks by offering cannabis-infused beer. The growing market for cannabis-infused products is due to the legalization of cannabis for both medical and recreational use in various areas.
Health-conscious customers are more and more looking for products that provide practical advantages and are in line with their health objectives. CBD, a compound extracted from cannabis that does not cause a high, is linked to possible health advantages such as reducing stress, promoting relaxation, and managing pain.
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
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Cannabis-Infused Beer Market Regional Insights:
North America is projected to lead the cannabis-infused beer market, as the legalization of cannabis in the US and Canada creates a favorable environment for the development, production, and sale of cannabis-infused products, including beer. The established cannabis industry in North America, notably in Canada, with skilled growers, processors, and retailers, enables the production and distribution of cannabis-infused beer.
The growing craft beer scene in North America, with consumers willing to experiment with new and creative beer options, positions North America as a key market for cannabis-infused beer. In North America, the strong consumer awareness and acceptance of cannabis products, as a result of prolonged advocacy and media exposure, has led to a greater openness towards cannabis-infused beverages such as beer. The market size and growth potential of North America, along with its large population, high disposable income, and evolving attitudes toward cannabis consumption.
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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