Global CBD Beverages
Market Report
2024
CBD Beverages Market size is USD 4518.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 24.20% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global CBD Beverages Market size is USD 4518.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 24.20% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global CBD Beverages Market Sales Revenue 2024 | $ 4518.2 Million |
Global CBD Beverages Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 24.2% |
Middle East and Africa CBD Beverages Market Sales Revenue 2024 | $ 90.36 Million |
Middle East and Africa CBD Beverages Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 23.9% |
North America CBD Beverages Market Sales Revenue 2024 | $ 1807.28 Million |
North America CBD Beverages Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 22.4% |
Europe CBD Beverages Market Sales Revenue 2024 | $ 1355.46 Million |
Europe CBD Beverages Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 22.7% |
Asia Pacific CBD Beverages Market Sales Revenue 2024 | $ 1039.19 Million |
Asia Pacific CBD Beverages Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 26.2% |
South America CBD Beverages Market Sales Revenue 2024 | $ 225.91 Million |
South America CBD Beverages Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 23.6% |
Market Split by CBD Type |
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Market Split by End Users |
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Market Split by Grade |
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Market Split by Distribution |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of CBD Beverages industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
CBD Beverages Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The legalization of cannabis products via the 2014 Farm Bill has led to a surge in the popularity of CBD beverages on a global scale. The growing awareness surrounding the health benefits associated with CBD has become a driving force behind the expansion of the CBD beverage market. Derived from the leaves, resin, and flowers of marijuana or hemp, cannabidiol, a non-psychoactive molecule, is central to this trend. The increasing acknowledgment of the health advantages linked to the incorporation of cannabis-infused drinks into daily diets serves as a significant catalyst for market growth.
While cannabis-infused products such as brownies and gummy bears were initially perceived as less healthy options, beverages have emerged as the preferred means for consuming THC, potentially elevating the CBD drinks market. These beverages, infused with cannabidiol, offer a spectrum of health benefits, including antioxidant and neuroprotective properties, contributing to the anticipated substantial growth of the market. Despite the promising outlook, regulatory complexities and compliance challenges within the food and beverage industry hold the potential to impede the market's expansion.
In March 2023, Canopy Growth Corporation, a leading global cannabis company, revealed the debut of Deep Space, Canada's first cannabis-infused beverage with natural caffeine. Additionally, in preparation for the upcoming spring season, Canopy is introducing four new flavours under its Tweed brand.
(Source:https://finance.yahoo.com/news/spring-forward-canopy-growths-portfolio-113000532.html)
The global landscape is witnessing a substantial rise in the popularity of cannabis, both as a medicinal product and a recreational substance, fostering an increasing demand for beverages enriched with cannabidiol (CBD). The escalating legalization of cannabis for medicinal and recreational use worldwide has become a pivotal driver behind this trend. Consumers are gravitating towards CBD-infused drinks due to a heightened understanding of the diverse benefits associated with cannabidiol, including stress alleviation, inflammation reduction, and pain management.
This evolving acceptance of cannabis for its dual role as a therapeutic aid and recreational indulgence is reshaping consumer preferences and steering the global market towards innovative CBD-infused beverage offerings. The surge in popularity is not confined to geographical boundaries, as international borders increasingly accommodate cannabis for various applications. As a result, the market is experiencing notable expansion, driven by the confluence of changing regulatory landscapes and a growing awareness of the multifaceted advantages that CBD can offer in enhancing overall well-being.
The spike in neurological and mental health disorders has significantly increased the demand for CBD-infused beverages. Changing consumer preferences, especially in the realm of beverages, are driven by the escalating prevalence of respiratory issues associated with traditional cannabis smoking. The popularity of beverages incorporating cannabidiol (CBD) is further fueled by the rising incidence of neurological and mental illnesses. This surge can be attributed to the non-psychotropic properties of CBD, which play a pivotal role in minimizing the risk of drug-induced experiences for consumers.
The market for CBD-infused beverages experiences positive revenue growth, primarily influenced by the augmented willingness of potential buyers to invest in legal CBD drinks. This trend underscores a transformative shift in consumer mindset, signifying a growing acceptance and eagerness to allocate resources to legal and regulated CBD-infused beverages. The evolving landscape suggests a broader embrace of CBD products as consumers increasingly recognize and prioritize the benefits of these non-intoxicating compounds for both physical and mental well-being.
The absence of clearly defined regulations for CBD beverages in certain regions poses a significant challenge to manufacturers and retailers, impeding the potential growth of the market. The lack of consistency in standards regarding CBD dosage, manufacturing practices, quality control, and related aspects leads to a wide range of product quality, resulting in confusion among consumers. Navigating the intricate and varying regulatory landscape for CBD products, especially beverages, becomes a formidable task for businesses operating across multiple states. Adapting to evolving guidelines, encompassing factors such as labeling requirements, THC levels, and licensing, adds layers of complexity and increased operational costs. The dynamic nature of these regulatory changes highlights the pressing need for clear, standardized rules that provide a stable and conducive environment for the CBD beverage market. Establishing uniform regulations across regions is crucial to streamline processes for manufacturers and retailers, fostering confidence among consumers. Such standardized guidelines can alleviate confusion, promote consistency, and ultimately contribute to the sustainable growth of the CBD beverage industry by creating a more predictable and reliable regulatory framework.
The impact of COVID 19, on beverage sector, akin to other industries, faced challenges in manufacturing and distribution. Cannabis manufacturers responded by embracing online platforms for drink promotion, a trend accentuated during the pandemic when CBD-infused beverages gained popularity as people spent extended periods at home. These drinks became a preferred choice when paired with food and entertainment, contributing to an upward surge in market demand. Additionally, the legalization of CBD-infused beverages encouraged industry players to broaden their product portfolios, introducing an array of wellness drinks.
The accelerated growth in personal incomes played a pivotal role in boosting the demand for lifestyles that favor CBD beverages, further propelling market expansion. The industry's adept shift toward online promotion, coupled with evolving consumer preferences and favorable legal developments, collectively stimulated the growth of CBD-infused beverages. As the market continues to respond to changing dynamics, the versatility and appeal of CBD beverages are expected to play a significant role in shaping consumer choices within the broader beverage landscape.
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The competitive landscape of the CBD beverages market features key players such as Coca-Cola, PepsiCo, and Constellation Brands alongside emerging participants like New Age Beverages, CBD Living, and Phivida Holdings. This dynamic market showcases the entry of major beverage corporations and specialized CBD brands, contributing to a diverse and competitive industry.
In March 2023, Canopy Growth Corporation, a leading global cannabis company, revealed the debut of Deep Space, Canada's first cannabis-infused beverage with natural caffeine. Additionally, in preparation for the upcoming spring season, Canopy is introducing four new flavours under its Tweed brand.
(Source:https://finance.yahoo.com/news/spring-forward-canopy-growths-portfolio-113000532.html)
In November 2022, Ablis CBD revealed a doubling in potency for all their CBD beverages and shooters, marking them as the inaugural craft CBD drinks tailored for athletes. The increased CBD isolate content enhances features while preserving their distinctive flavors.
(Source:https://www.bevnet.com/news/2022/ablis-launches-higher-potency-for-cbd-beverages/)
Top Companies Market Share in CBD Beverages Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, The CBD beverage market in 2024 is dominated by North America, propelled by a mature market and growing consumer acceptance. With well-established regulatory frameworks, the region showcases a strong foundation for CBD-infused beverages, making it a key player in shaping industry dynamics.
Meanwhile, Asia Pacific leads in the fastest Compound Annual Growth Rate (CAGR) for the CBD beverage market. The region experiences rapid urbanization and a burgeoning awareness of CBD's potential health benefits, driving a surge in demand. Shifting consumer preferences contribute to the dynamic growth, positioning Asia Pacific as a crucial catalyst in the evolving landscape of CBD-infused beverages.
The current report Scope analyzes CBD Beverages Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global CBD Beverages Market size was estimated at USD 4518.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 90.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.9% from 2024 to 2031. The surge in demand is fueled by a combination of factors, including the increasing acceptance of CBD, shifting perspectives on wellness, and economic growth. This rise is propelled by heightened health consciousness, a wide selection of product choices, and a rising consumer demand for wellness solutions. In the Middle East & Africa, pharmaceutical-grade CBD products are gaining traction, indicative of a growing emphasis on health and well-being in the region. These products, known for their superior quality, resonate with consumers seeking high-grade CBD formulations. The preference for pharmaceutical-grade CBD underscores a shift towards prioritizing efficacy and purity in wellness products, reflecting evolving consumer preferences and a burgeoning market for premium CBD offerings. As awareness continues to grow and economic prosperity facilitates greater access to wellness products, pharmaceutical-grade CBD is poised to maintain its popularity and contribute significantly to meeting the health and wellness needs of consumers in the Middle East & Africa.
According to Cognitive Market Research, the global CBD Beverages Market size was estimated at USD 4518.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1807.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.4% from 2024 to 2031. The heightened demand for CBD products stems from various factors including an increased awareness of wellness, evolving regulatory landscapes, and the maturation of the market. Additionally, the surge can be attributed to the growing acceptance of CBD, favorable regulatory environments, and rising consumer interest. In North America, hemp-derived CBD products hold sway due to their legal status, widespread accessibility, and preference for non-psychoactive alternatives, making them indispensable ingredients in a multitude of wellness and beverage formulations. These products have become integral to meeting consumer demands for wellness-focused solutions, further driving their prominence in the market. The convergence of these factors underscores the significant role of CBD in catering to evolving consumer preferences and addressing wellness needs in a regulated and compliant manner. As the market continues to mature and regulations evolve, CBD products are poised to maintain their stronghold, offering consumers a diverse array of options that align with their wellness goals and lifestyle choices.
Country Analysis
According to Cognitive Market Research, Europe held a market value of USD 4518.2 million in 2024 and projected to expand at a CAGR of 22.7% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 1355.46 million. The surge in demand can be attributed to several factors, including heightened consumer awareness, robust wellness trends, and an increasingly progressive regulatory environment. This rise is further fueled by growing health consciousness, expanding acceptance within the market, and the dynamic landscape surrounding CBD products. Particularly in Europe, hemp-derived CBD products have gained popularity due to their legal acceptance, widespread availability, and consumer preference for non-psychoactive alternatives. These factors have solidified their position as essential elements in both wellness products and beverage formulations. Their legal status, coupled with their accessibility and alignment with consumer preferences, has propelled hemp-derived CBD products to the forefront of the market in Europe. This indicates a significant shift in consumer behavior towards prioritizing wellness and embracing natural alternatives in their lifestyle choices. As the market continues to evolve, driven by increasing health awareness and regulatory advancements, hemp-derived CBD products are poised to maintain their popularity and play a central role in meeting consumer demands for holistic wellness solutions.
According to Cognitive Market Research, the global CBD Beverages Market size was estimated at USD 4518.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1039.19 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.2% from 2024 to 2031. The surge can be attributed to rapid urbanization, heightened consumer interest, and an emerging trend. This increase in demand is fueled by growing health awareness, cultural acceptance, and the expansion of the market. Hemp-derived CBD products take precedence in the Asia-Pacific region, primarily due to their legal status, widespread accessibility, and non-psychoactive characteristics. These factors render them indispensable in various wellness and beverage formulations throughout the region. The prevalence of hemp-derived CBD products underscores a significant shift towards embracing natural alternatives and holistic well-being. As consumer preferences continue to evolve and regulatory frameworks adapt, hemp-derived CBD products are positioned to maintain their dominance and cater to the growing demand for wellness-oriented solutions in the dynamic Asia-Pacific market.
According to Cognitive Market Research, the global CBD Beverages Market size was estimated at USD 14,621.20 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 225.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.6% from 2024 to 2031. The increase is driven by the growing acceptance within the market, a wide array of product options, and a population increasingly focused on wellness. Demand is fueled by heightened awareness of wellness benefits, evolving consumer tastes, and greater product availability. In Latin America, food-grade CBD products hold sway due to their adaptability, widespread usage, and compatibility with diverse consumer needs, solidifying their importance in the CBD market. These products are favored for their ability to cater to various applications, reflecting a strong alignment with consumer preferences in the region. As the market continues to evolve and consumers seek out wellness-focused solutions, food-grade CBD products are expected to maintain their significance and play a pivotal role in meeting the diverse demands of consumers across Latin America.
Global CBD Beverages Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing CBD Beverages Industry growth. CBD Beverages market has been segmented with the help of its CBD Type, End Users Grade, and others. CBD Beverages market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Hemp-derived CBD beverages currently hold the dominant position in the market, benefitting from widespread acceptance and legal favorability. Leveraging the health and wellness trend, these products resonate with consumers seeking the potential benefits of CBD without the psychoactive effects associated with marijuana-derived counterparts.
On the flip side, the fastest-growing category is marijuana-derived CBD beverages. As regulations evolve, the acceptance of marijuana for both medical and recreational use is propelling this segment's rapid expansion. With changing perceptions and increasing legalization, consumers are embracing the potential therapeutic qualities of marijuana-derived CBD beverages, driving significant market growth.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of CBD Beverages Industry. Request a Free Sample PDF!
According to Cognitive Market Research, Millennials have been a key demographic for the CBD industry, including CBD beverages. This generation has shown a strong interest in wellness and alternative health products, making them a significant consumer group for CBD-infused beverages.
While Millennials have been a dominant force, Gen Z is often considered the fastest-growing category in the CBD market. As the youngest consumer group, Gen Z is increasingly becoming a target for CBD beverage manufacturers. This generation is known for its openness to new experiences, interest in natural products, and focus on health and sustainability.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the CBD Beverages market report 2024 Edition by contacting our team.
According to Cognitive Market Research, the CBD Beverages Market is primarily segmented into Pharmaceutical Grade and Food Grade categories. Among these, the dominant category is the Food Grade segment. Food Grade CBD beverages, including infused waters, teas, and functional beverages, have gained widespread consumer acceptance due to their accessibility, diverse flavor profiles, and perceived wellness benefits. This segment is driven by increasing consumer interest in incorporating CBD into their daily routines for relaxation and general well-being.
Simultaneously, the fastest-growing category is the Pharmaceutical Grade segment. With the rising recognition of CBD for potential therapeutic applications, pharmaceutical-grade CBD beverages are experiencing rapid growth. This category caters to consumers seeking more targeted health solutions, contributing to its accelerated expansion within the CBD Beverages Market.
In the CBD Beverages market, storefront dispensaries currently stand out as the dominant category. These specialized establishments offer a curated selection of CBD-infused beverages, attracting consumers seeking a diverse range of options and expert guidance. Storefront dispensaries leverage their expertise to create a unique and immersive shopping experience, establishing a strong foothold in the market.
Concurrently, convenience stores emerge as the fastest-growing category in the CBD Beverages market. The convenience store landscape, known for its accessibility and wide consumer reach, is swiftly adapting to the growing demand for CBD-infused products. With a focus on convenience and quick access, these stores are effectively tapping into the mainstream market, driving notable growth in the CBD Beverages segment.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Disclaimer:
CBD Type | Marijuana-derived, Hemp-derived, Others |
End Users | Millennial, Genz, Others |
Grade | Pharmaceutical Grade, Food Grade |
Distribution | Storefront dispensaries, Convenience store, Others |
List of Competitors | Coca-Cola Company, PepsiCo Inc., Constellation Brands, Heineken N.V., New Age Beverages Corporation, CBD Living, Phivida Holdings Inc., Sprig, Joy Organics, Canopy Growth Corporation, Tilray Inc., Aurora Cannabis Inc. |
This chapter will help you gain GLOBAL Market Analysis of CBD Beverages. Further deep in this chapter, you will be able to review Global CBD Beverages Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America CBD Beverages Market Trends North America CBD Beverages Technological Road Map North America CBD Beverages Market Drivers North America CBD Beverages Market Restraints North America CBD Beverages Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation CBD Type Analysis 2019 -2031, will provide market size split by CBD Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by CBD Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End Users Analysis 2019 -2031
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Chapter 12 Market Split by Grade Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global CBD Beverages market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Marijuana-derived have a significant impact on CBD Beverages market? |
What are the key factors affecting the Marijuana-derived and Hemp-derived of CBD Beverages Market? |
What is the CAGR/Growth Rate of Millennial during the forecast period? |
By type, which segment accounted for largest share of the global CBD Beverages Market? |
Which region is expected to dominate the global CBD Beverages Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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