Global Recreational CBD Beverages market cagr 7.2%

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Recreational CBD Beverages Market

Recreational CBD Beverages Market Scope: Industry

Analysis, Market Size, Growth, Trends Till 2031

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Recreational CBD Beverages Market Size and Growth

The Recreational CBD Beverages market is experiencing significant growth, driven by increasing consumer demand for wellness products. As of 2023, the market size is estimated at approximately $1 billion, with a projected annual growth rate of over 30%. Key factors influencing this trend include changing regulations and rising health consciousness among consumers.

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 Recreational CBD Beverages Market features players like Canopy Growth, Heineken, and Molson Coors, each leveraging brand strength and innovation. Companies enhance market growth through product diversification, strategic partnerships, and marketing efforts. Notable revenue figures include Canopy Growth’s $146.3 million and Molson Coors' $10.6 billion in 2021.

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Market Segmentation

By Application

Offline Channel

Online Channel

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By Product

Market Growth

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$ X Billion USD

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