Global Functionality CBD Beverages market cagr 10.2%

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Functionality CBD Beverages Market

Functionality CBD Beverages Market Scope:

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Functionality CBD Beverages Market Size and Growth

The Functionality CBD Beverages market is experiencing significant growth due to rising consumer demand for health-oriented alternatives. As of 2023, the market is valued at approximately $1.5 billion, with expectations to reach $3 billion by 2028, driven by increased awareness and regulatory developments favoring hemp-derived products.

Companies Covered

(Covid 19 Impact Covered)

◍ Canopy Growth Corporation

◍ American Premium Water

◍ Heineken

◍ Sprig

◍ Phivida Holdings

◍ Love Hemp Water

◍ HYBT

◍ Alkaline Water Company

◍ Molson Coors Brewing

The functionality CBD beverages market features major players like Canopy Growth, American Premium Water, Heineken, and Molson Coors, integrating CBD for wellness benefits. These companies enhance market growth through innovative product launches and strategic partnerships. Sales figures: Canopy Growth: $260 million, Molson Coors: $10 billion, Alkaline Water: $40 million. Request Sample Report

Market Segmentation

By Application

Offline Channel

Online Channel

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By Product

Medicinal Use

Health Product Use

Market Growth

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$ X Billion USD

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