Global Cannabis Alcohol Market, By Product (cannabidiol-infused beer, cannabidiol-infused vodka, cannabidiol-infused gin, cannabidiol-infused wine, others), By Source (cannabis-cannabis oil, cannabis-tetrahydrocannabinol oil), By Application (Recreational) By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Industry Trends and Forecast to 2030.
Global Cannabis Alcohol Market
Global Cannabis Alcohol Market is expected to reach USD 32.55 million by 2022, which will reach USD 63.65 million in 2030, registering a CAGR of 8.74 % during the forecast period 2023-2030.
Cannabis alcoholic beverages are made by combining hemp seeds, hemp flowers, hemp terpenes, and CBD into alcoholic beverages such as whiskey, gin, absinthe, vodka, wine, and beer. Many alcoholic beverage manufacturers add THC and CBD to a variety of beverages, including cider, margaritas, and soda. These drugs are widely used to treat insomnia, inflammation, chronic pain, depression, anxiety and hyperemesis, among others.
Market Drivers
The increasing legalization of cannabis for various medical and recreational purposes, especially across borders, is increasing the demand for cannabidiol (CBD) infused beverages. In addition, increasing consumer awareness of the many benefits of cannabidiol (CBD) in treating inflammation, alleviating pain, improving sleep quality and managing stress is fueling the growth of the cannabis alcohol market. Health benefits of hemp products. The increase in respiratory diseases caused by smoking cannabis has led consumers to prefer CBD-containing foods such as cannabis alcohol. In addition, the increasing prevalence of various neurological and psychiatric disorders leads to the introduction of cannabis-alcohol due to its non-psychotropic properties, which eliminates the risk of drug-induced feelings among consumers. In addition, potential customers of CBD drinks are willing to spend more money on legal CBD products, which will positively affect the growth rate of the hemp alcohol market.
Market Restraints
Most cannabis products are not FDA approved because their strengths and purity can vary between brands and even within the same brand, which can lead to less positive results than desired. That is why their use is restricted in several countries. This cannabis alcohol market report includes information on new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analyzes opportunities for new revenue pockets, changes in market regulations, strategic analysis of market growth, market size, category market growth, application niches and governance, product approvals, product launches, geographic expansions, technological innovations in the market.
Market Opportunities
High penetration of health drinks. Growing consumer demand for health and alcoholic beverages is expected to drive the growth of the cannabis-based alcoholic beverages market during the forecast period. In addition, the availability of the product with new flavors is expected to contribute to the growth of the cannabis-based alcoholic beverages market.
Market Segmentation
Global Cannabis Alcohol Market is segmented on the basis of By Product, By Source, By Application.
Based on the By Product market is segmnetd into cannabidiol-infused beer, cannabidiol-infused vodka, cannabidiol-infused gin, cannabidiol-infused wine, others. Futher market is segmented into By Source market is segmented into cannabis-cannabis oil, cannabis-tetrahydrocannabinol oil. By Application market is segmented into Recreational.
Regional Analysis
Global Cannabis Alcohol Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The North American region, which has grown significantly annually, is expected to lead the global hemp alcohol market. Growing demand for recreational and medical marijuana, as well as products related to heart health, stamina and bone health, is a major driver for the expansion of the cannabis-alcohol market. In addition, innovation is driven by products aimed at children, especially products related to the immune system and gut health, which are expected to gain momentum in the coming years. The demand for vegan / vegetarian products with various fruit flavors may also increase in the Asia-Pacific market, which may contribute to the development of the market in the region.
Key Players.
Various key players are listed in this report such as The Cronos Group, Tilray, Marley Natural, Aurora Cannabis, Cara Therapeutics, ARUMA LABS HOLDINGS PTY LIMITED, Sundial Growers Inc, Canopy Growth Corporation, The Scotts Company LLC. Aphria Inc.
Market Taxonomy
By Product
- cannabidiol-infused beer
- cannabidiol-infused vodka
- cannabidiol-infused gin
- cannabidiol-infused wine
- Cannabis-cannabis oil
- Cannabis-tetrahydrocannabinol oil
- Recreational
- North America
- U.S.
- Canada
- Mexico
- Latin America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Venezuela
- Rest of Latin America
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Singapore
- Malaysia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest Middle East & Africa
- What are the Key Opportunities in Global Cannabis Alcohol Market?
- What will be the growth rate from 2023 to 2030?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Cannabis Alcohol Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.2.4 Cumulative Impact due to recent Energy Crisis
- 4.2.5 Cumulative Impact due to nearing economic downturn.
- 4.2.6 Post covid-19 world Supply& Demand conditions
- 4.2.7 Cumulative Impact of Russia-Ukraine Conflict
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Cannabis Alcohol Market, By Product
- 5.1 Y-o-Y Growth Comparison, By Product
- 5.2 Global Cannabis Alcohol Market Share Analysis, By Product
- 5.3 Global Cannabis Alcohol Market Size and Forecast, By Product
- 5.3.1 Cannabidiol-infused beer
- 5.3.2 Cannabidiol-infused vodka
- 5.3.3 Cannabidiol-infused gin
- 5.3.4 Cannabidiol-infused wine
- 6 Global Cannabis Alcohol Market, By Source
- 6.1 Y-o-Y Growth Comparison, By Source
- 6.2 Global Cannabis Alcohol Market Share Analysis, By Source
- 6.3 Global Cannabis Alcohol Market Size and Forecast, By Source
- 6.3.1 Cannabis-cannabis oil
- 6.3.2 Cannabis-tetrahydrocannabinol oil
- 7 Global Cannabis Alcohol Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Cannabis Alcohol Market Share Analysis, By Application
- 7.3 Global Cannabis Alcohol Market Size and Forecast, By Application
- 7.3.1 Recreational
- 8 Global Cannabis Alcohol Market, By Region
- 8.1 Global Cannabis Alcohol Market Share Analysis, By Region
- 8.2 Global Cannabis Alcohol Market Size and Forecast, By Region
- 8.3 Global Cannabis Alcohol Market Trends and Forecast, By Region
- 9 North America Cannabis Alcohol Market Analysis and Forecast (2023-2030)
- 9.1 Introduction
- 9.2 North America Cannabis Alcohol Market Share Analysis, By Product
- 9.3 North America Cannabis Alcohol Market Size and Forecast, By Source
- 9.4 North America Cannabis Alcohol Market Size and Forecast, By Application
- 9.5 North America Cannabis Alcohol Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.1.1. Market Size and Forecast, By Product
- 9.5.1.2 Market Size and Forecast, By Source
- 9.5.1.3. Market Size and Forecast, By Application
- 9.5.2 Canada
- 9.5.2.1. Market Size and Forecast, By Product
- 9.5.2.2 Market Size and Forecast, By Source
- 9.5.2.3. Market Size and Forecast, By Application
- 9.5.3 Mexico
- 9.5.3.1. Market Size and Forecast, By Product
- 9.5.3.2 Market Size and Forecast, By Source
- 9.5.3.3. Market Size and Forecast, By Application
- 10 Europe Cannabis Alcohol Market Analysis and Forecast (2023-2030)
- 10.1 Introduction
- 10.2 Europe Cannabis Alcohol Market Share Analysis, By Product
- 10.3 Europe Cannabis Alcohol Market Size and Forecast, By Source
- 10.4 Europe Cannabis Alcohol Market Size and Forecast, By Application
- 10.5 Europe Cannabis Alcohol Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.1.1. Market Size and Forecast, By Product
- 10.5.1.2 Market Size and Forecast, By Source
- 10.5.1.3. Market Size and Forecast, By Application
- 10.5.2 France
- 10.5.2.1. Market Size and Forecast, By Product
- 10.5.2.2 Market Size and Forecast, By Source
- 10.5.2.3. Market Size and Forecast, By Application
- 10.5.3 UK
- 10.5.3.1. Market Size and Forecast, By Product
- 10.5.3.2 Market Size and Forecast, By Source
- 10.5.3.3. Market Size and Forecast, By Application
- 10.5.4. Russia
- 10.5.4.1. Market Size and Forecast, By Product
- 10.5.4.2 Market Size and Forecast, By Source
- 10.5.4.3. Market Size and Forecast, By Application
- 10.5.5. Italy
- 10.5.5.1. Market Size and Forecast, By Product
- 10.5.5.2 Market Size and Forecast, By Source
- 10.5.5.3. Market Size and Forecast, By Application
- 10.5.6. Spain
- 10.5.6.1. Market Size and Forecast, By Product
- 10.5.6.2 Market Size and Forecast, By Source
- 10.5.6.3. Market Size and Forecast, By Application
- 10.5.7. Rest of Europe
- 10.5.7.1. Market Size and Forecast, By Product
- 10.5.7.2 Market Size and Forecast, By Source
- 10.5.7.3. Market Size and Forecast, By Application
- 11 Asia Pacific Cannabis Alcohol Market Analysis and Forecast (2023-2030)
- 11.1 Introduction
- 11.2 Asia Pacific Cannabis Alcohol Market Share Analysis, By Product
- 11.3 Asia Pacific Cannabis Alcohol Market Size and Forecast, By Source
- 11.4 Asia Pacific Cannabis Alcohol Market Size and Forecast, By Application
- 11.5 Asia Pacific Cannabis Alcohol Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.1.1. Market Size and Forecast, By Product
- 11.5.1.2 Market Size and Forecast, By Source
- 11.5.1.3. Market Size and Forecast, By Application
- 11.5.2 Japan
- 11.5.2.1. Market Size and Forecast, By Product
- 11.5.2.2 Market Size and Forecast, By Source
- 11.5.2.3. Market Size and Forecast, By Application
- 11.5.3 India
- 11.5.3.1. Market Size and Forecast, By Product
- 11.5.3.2 Market Size and Forecast, By Source
- 11.5.3.3. Market Size and Forecast, By Application
- 11.5.4. South Korea
- 11.5.4.1. Market Size and Forecast, By Product
- 11.5.4.2 Market Size and Forecast, By Source
- 11.5.4.3. Market Size and Forecast, By Application
- 11.5.5. Australia
- 11.5.5.1. Market Size and Forecast, By Product
- 11.5.5.2 Market Size and Forecast, By Source
- 11.5.5.3. Market Size and Forecast, By Application
- 11.5.6. New Zealand
- 11.5.6.1. Market Size and Forecast, By Product
- 11.5.6.2 Market Size and Forecast, By Source
- 11.5.6.3. Market Size and Forecast, By Application
- 11.5.7. Singapore
- 11.5.7.1. Market Size and Forecast, By Product
- 11.5.7.2 Market Size and Forecast, By Source
- 11.5.7.3. Market Size and Forecast, By Application
- 11.5.8. Malaysia
- 11.5.8.1. Market Size and Forecast, By Product
- 11.5.8.2 Market Size and Forecast, By Source
- 11.5.8.3. Market Size and Forecast, By Application
- 11.5.9. Rest of Asia
- 11.5.9.1. Market Size and Forecast, By Product
- 11.5.9.2 Market Size and Forecast, By Source
- 11.5.9.3. Market Size and Forecast, By Application
- 12 Latin America Cannabis Alcohol Market Analysis and Forecast (2023-2030)
- 12.1 Introduction
- 12.2 Latin America Cannabis Alcohol Market Share Analysis, By Product
- 12.3 Latin America Cannabis Alcohol Market Size and Forecast, By Source
- 12.4 Latin America Cannabis Alcohol Market Size and Forecast, By Application
- 12.5 Latin America Cannabis Alcohol Market Size and Forecast, By Country
- 12.5.1 Brazil
- 12.5.1.1. Market Size and Forecast, By Product
- 12.5.1.2 Market Size and Forecast, By Source
- 12.5.1.3. Market Size and Forecast, By Application
- 12.5.2 Argentina
- 12.5.2.1. Market Size and Forecast, By Product
- 12.5.2.2 Market Size and Forecast, By Source
- 12.5.2.3. Market Size and Forecast, By Application
- 12.5.3. Colombia
- 12.5.3.1. Market Size and Forecast, By Product
- 12.5.3.2 Market Size and Forecast, By Source
- 12.5.3.3. Market Size and Forecast, By Application
- 12.5.4. Peru
- 12.5.4.1. Market Size and Forecast, By Product
- 12.5.4.2 Market Size and Forecast, By Source
- 12.5.4.3. Market Size and Forecast, By Application
- 12.5.5. Chile
- 12.5.5.1. Market Size and Forecast, By Product
- 12.5.5.2 Market Size and Forecast, By Source
- 12.5.5.3. Market Size and Forecast, By Application
- 12.5.6. Venezuela
- 12.5.6.1. Market Size and Forecast, By Product
- 12.5.6.2 Market Size and Forecast, By Source
- 12.5.6.3. Market Size and Forecast, By Application
- 12.5.7. rest of Latin America
- 12.5.7.1. Market Size and Forecast, By Product
- 12.5.7.2 Market Size and Forecast, By Source
- 12.5.7.3. Market Size and Forecast, By Application
- 13 Middle East Cannabis Alcohol Market Analysis and Forecast (2023-2030)
- 13.1 Introduction
- 13.2 Middle East Cannabis Alcohol Market Share Analysis, By Product
- 13.3 Middle East Cannabis Alcohol Market Size and Forecast, By Source
- 13.4 Middle East Cannabis Alcohol Market Size and Forecast, By Application
- 13.5 Middle East Cannabis Alcohol Market Size and Forecast, By Country
- 13.5.1. Saudi Arabia
- 13.5.1.1. Market Size and Forecast, By Product
- 13.5.1.2 Market Size and Forecast, By Source
- 13.5.1.3. Market Size and Forecast, By Application
- 13.5.2 UAE
- 13.5.2.1. Market Size and Forecast, By Product
- 13.5.2.2 Market Size and Forecast, By Source
- 13.5.2.3. Market Size and Forecast, By Application
- 13.5.3 Egypt
- 13.5.3.1. Market Size and Forecast, By Product
- 13.5.3.2 Market Size and Forecast, By Source
- 13.5.3.3. Market Size and Forecast, By Application
- 13.5.4 Kuwait
- 13.5.4.1. Market Size and Forecast, By Product
- 13.5.4.2 Market Size and Forecast, By Source
- 13.5.4.3. Market Size and Forecast, By Application
- 13.5.5 South Africa
- 13.5.5.1. Market Size and Forecast, By Product
- 13.5.5.2 Market Size and Forecast, By Source
- 13.5.5.3. Market Size and Forecast, By Application
- 13.5.6 Rest of Middle East & Africa
- 13.5.6.1. Market Size and Forecast, By Product
- 13.5.6.2 Market Size and Forecast, By Source
- 13.5.6.3 Market Size and Forecast, By Application
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 The Cronos Group
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Tilray
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. Marley Natural
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4.Aurora Cannabis
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Cara Therapeutics
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 ARUMA LABS HOLDINGS PTY LIMITED
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Medcan Australia
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Sundial Growers Inc
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Canopy Growth Corporation
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 The Scotts Company LLC
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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