Cannabis Drinks Market
Cannabis Drinks Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Cannabis Drinks Market Size and Growth
The cannabis drinks market is experiencing significant growth, driven by increasing consumer demand for non-alcoholic alternatives. As of 2023, the market size is estimated at over $1 billion, with projections indicating a compound annual growth rate of 20% through 2028. Regulatory changes and product innovation are fueling expansion.
Companies Covered
(Covid 19 Impact Covered)
◍ Constellation Brands
◍ Tilray
◍ Aphria
◍ Aurora Cannabis
◍ VIVO Cannabis
◍ Canopy Growth Corporation
◍ American Premium Water
◍ CannTrust Holdings
◍ Cronos Group
◍ OrganiGram Holdings
◍ The Supreme Cannabis Company
◍ Joybird Hemp Beverage
The cannabis drinks market features key players like Constellation Brands, Tilray, and Canopy Growth, focusing on innovative formulations to attract consumers. Companies invest in branding and distribution strategies to expand market reach. Sales figures include:
- Canopy Growth: $379 million
- Tilray: $210 million
- Cronos Group: $47 million.
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Market Segmentation
By Application
Mass Merchandiser
Specialty Stores
Online Retail
Other
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By Product
Market Growth
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$ X Billion USD
