Global Cannabidiol (CBD) Tea Market Size study, by Type (Marijuana Derived, Hemp Derived, Synthetic and Others) by Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Convenience Stores, Online and Others) by Application (Millennial, Gen-z and Baby boomers) and Regional Forecasts 2022-2028
Global Cannabidiol (CBD) Tea Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. CBD is known for its anti-anxiety, anti-inflammatory, and analgesic qualities. . The ingredient can enhance the tea's overall calming benefits. It acts as an adaptogen, reducing the negative effects of stress on the body and mind. The increasing production of cannabidiol tea is growing which has led the adoption of Cannabidiol (CBD) Tea across the forecast period. For Instance: as per the data of Statista, the total production of cannabidiol tea is increasing in the year 2014 the total production was USD 108 million and this is predicted to increase up to USD 1,918 million in the year 2022. However, the usage of cannabidiol (CBD) in the food and beverage industry will face significant regulatory and compliance challenges, posing a significant threat to the CBD tea market's growth.
The key regions considered for the global Cannabidiol (CBD) Tea Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the presence of large manufacturers and this region is the most progressive region for cannabis and the products of cannabis. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Due to the establishment of hemp-producing plants, particularly in China, the market is expected to grow at the quickest rate over the projection period. China is Asia's greatest hemp producer, generating roughly half of all hemp worldwide which would create lucrative growth prospects for the Cannabidiol (CBD) Tea Market across Asia-Pacific region.
Major market player included in this report are:
Canopy Growth Corporation
The Cronos Group
Tilray.
Hexo
CannTrust
Aurora Cannabis Inc.
GW Pharmaceuticals plc.
VIVO Cannabis Inc.
Alkaline88
NewAge Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Marijuana Derived
Hemp Derived
Synthetic
Others
By Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Convenience Stores
Online
Others
By Application:
Millennial
Gen-z
Baby boomers
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Cannabidiol (CBD) Tea Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Canopy Growth Corporation
The Cronos Group
Tilray.
Hexo
CannTrust
Aurora Cannabis Inc.
GW Pharmaceuticals plc.
VIVO Cannabis Inc.
Alkaline88
NewAge Inc.
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