Inkwood Research estimates that the global cannabis food & beverage market will reach $1.61 billion by 2025, growing with a CAGR of 18.35% during the forecast period. The base year considered for the market study is 2019, and the forecast years are from 2020 to 2025.

GLOBAL CANNABIS FOOD & BEVERAGE MARKET FORECAST 2020-2025

Global Cannabis Food and Beverage Market by Distribution Channel (Mass Merchandisers, Specialty Store, Online Stores, Others) by Product Type (Bakery Products, Chocolate, Cereal Bars, Candy, Beverages, Ice Cream, Others) and by Geography.

Request free sample

Inkwood Research estimates that the global cannabis food & beverage market will reach $1.61 billion by 2025, growing with a CAGR of 18.35% during the forecast period. The base year considered for the market study is 2019, and the forecast years are from 2020 to 2025.
Cannabis Food & Beverage Market

To learn more about this report, request a free sample copy

Key drivers propelling the global cannabis food & beverage market growth:

  • Legalizing medical cannabis or recreational cannabis in various countries
    • Utilizing cannabis for recreational purposes is prohibited in most countries. However, the use of cannabis as an ingredient for recreational and medical purposes, has supplemented the cannabis market growth over recent years.
    • With regard to the legalization of cannabis in major countries, smaller nations are also expected to sanction the use of cannabis in medical or recreational drinks. Hence, this factor is anticipated to drive the market growth during the forecast period.
  • Increasing popularity of cannabis-based wellness drink

Key factors restraining the global market growth are:

  • Shortage of high-quality cannabis
    • Although many countries have authorized the use of cannabis across the food and beverage industry, the majority of others have banned it.
    • Therefore, owing to the ban, its production is low. This leads to a supply shortage in the market, in several countries.
  • Adverse health effects associated with cannabis

The report scope of the global cannabis food & beverage market covers the segmentation analysis of product type and distribution channel.

Market by Product Type:

  • Bakery Products
    • The bakery products segment, in terms of the product type category, harbored the largest market share in 2019.
    • Bakery items are observing the latest innovations, owing to the addition of cannabis.
    • Adding cannabis while making bread, cakes, rolls, and buns, attracts more customers towards the bakery industry. Thus, launching innovative food products using cannabis, especially within the bakery division, is anticipated to drive the market growth during the forecast period.
  • Chocolate
  • Cereal Bars
  • Candy
  • Beverages
  • Ice Cream
  • Others

Geographically, the global cannabis food & beverage market has been segmented on the basis of four major regions, which includes:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, Italy, Switzerland, Netherlands, Spain, Portugal, and Rest of Europe
  • Asia Pacific: Australia & New Zealand
    • The Asia Pacific is predicted to lead the global cannabis food & beverage market, over the forecast period.
    • Australia and New Zealand’s market have witnessed substantial growth, owing to rising awareness regarding the health benefits of cannabis.
    • Moreover, the sale of cannabis-infused food and beverages has increased with the inclusion of the wellness and energy drinks range, within the cannabis products’ portfolio.
    • Manufacturers are also launching alcohol with cannabis as their principal ingredient. This step would essentially be a significant milestone for the global cannabis food & beverage market.
  • Rest of World: Uruguay, Colombia, Mexico, South Africa, and Rest of Latin America & Africa

Major players operating in the global cannabis food & beverage market:

  • Energy Drink
  • Dixie Brands Inc
  • General Cannabis Corp
  • Lagunitas Brewing Company
  • Others

Key trends of the global cannabis food & beverage market:

  • The health benefits of cannabis are encouraging numerous countries to initiate cannabis legalization across the food and beverage industry.
  • The online stores segment is the fastest-growing distribution channel.
  • The positive health benefits of cannabis are expected to offer potential growth opportunities in the future, through innovations in medicine and syrups.

 

Frequently Asked Questions & Answers (FAQ):

  • What is cannabis, and what are its types?

     A: Cannabis entails a set of three plants with psychoactive characteristics, termed cannabis sativa, cannabis indica, and cannabis ruderalis.

  • What components of cannabis are used in the food and beverage industry?

     A: Cannabidiol (CBD) and Tetrahydrocannabinol (THC) are the components of cannabis used in the food and beverage industry.

  • What are the effects of consuming cannabis food and beverages, on health?

     A: Cannabis can have a range of short and long term effects on health, such as the altered perception of time and events, and an increased risk of lung infections.

 

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET DEFINITION
    •    KEY DRIVERS
      • LEGALIZING MEDICAL CANNABIS OR RECREATIONAL CANNABIS IN VARIOUS COUNTRIES
      • GROWING POPULARITY OF CANNABIS-BASED WELLNESS DRINK
    •    KEY RESTRAINTS
      • SHORTAGE OF HIGH-QUALITY CANNABIS
      • ADVERSE HEALTH EFFECTS ASSOCIATED WITH CANNABIS
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • IMPACT OF GOVERNMENT REGULATIONS ON THE MARKET
    • IMPACT OF COVID-19 ON CANNABIS FOOD & BEVERAGE MARKET
  2. MARKET BY DISTRIBUTION CHANNEL
    • MASS MERCHANDISERS
    • SPECIALTY STORE
    • ONLINE STORES
    • OTHERS
  3. MARKET BY PRODUCT TYPE
    • BAKERY PRODUCTS
    • CHOCOLATE
    • CEREAL BARS
    • CANDY
    • BEVERAGES
    • ICE CREAM
    • OTHERS
  4. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • SWITZERLAND
      • NETHERLANDS
      • SPAIN
      • PORTUGAL
      • ITALY
      • REST OF EUROPE
    •    ASIA PACIFIC
      • AUSTRALIA
      • NEW ZEALAND
    •    REST OF WORLD
      • URUGUAY
      • COLOMBIA
      • MEXICO
      • SOUTH AFRICA
      • REST OF LAMEA
  1. COMPANY PROFILES
    • ENERGY DRINK
    • COALITION BREWING
    • DIXIE BRANDS INC
    • DUTCH WINDMILL SPIRITS BV
    • GENERAL CANNABIS CORP
    • KOIOS BEVERAGE CORP
    • LAGUNITAS BREWING COMPANY
    • NEW AGE BEVERAGES CORPORATION
    • ALKALINE88 LLC
    • THE SUPREME CANNABIS COMPANY INC
    • PHIVIDA HOLDINGS INC
    • VCC BRAND
    • HEXO CORP
    • APHRIA
    • CANOPY GROWTH

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – CANNABIS FOOD & BEVERAGE

TABLE 2: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 4: GLOBAL MASS MERCHANDISERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: GLOBAL MASS MERCHANDISERS MARKET, BY REGION, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 6: GLOBAL SPECIALTY STORE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: GLOBAL SPECIALTY STORE MARKET, BY REGION, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 8: GLOBAL ONLINE STORES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: GLOBAL ONLINE STORES MARKET, BY REGION, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 10: GLOBAL OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: GLOBAL OTHERS MARKET, BY REGION, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 12: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 14: GLOBAL BAKERY PRODUCTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 15: GLOBAL BAKERY PRODUCTS MARKET, BY REGION, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 16: GLOBAL CHOCOLATE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 17: GLOBAL CHOCOLATE MARKET, BY REGION, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 18: GLOBAL CEREAL BARS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 19: GLOBAL CEREAL BARS MARKET, BY REGION, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 20: GLOBAL CANDY MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 21: GLOBAL CANDY MARKET, BY REGION, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 22: GLOBAL BEVERAGES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 23: GLOBAL BEVERAGES MARKET, BY REGION, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 24: GLOBAL ICE CREAM MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 25: GLOBAL ICE CREAM MARKET, BY REGION, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 26: GLOBAL OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 27: GLOBAL OTHERS MARKET, BY REGION, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 28: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 29: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY GEOGRAPHY, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 30: NORTH AMERICA CANNABIS FOOD & BEVERAGE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 31: NORTH AMERICA CANNABIS FOOD & BEVERAGE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 32: EUROPE CANNABIS FOOD & BEVERAGE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 33: EUROPE CANNABIS FOOD & BEVERAGE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 34: ASIA PACIFIC CANNABIS FOOD & BEVERAGE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 35: ASIA PACIFIC CANNABIS FOOD & BEVERAGE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2025 (IN $ MILLION)

TABLE 36: REST OF WORLD CANNABIS FOOD & BEVERAGE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 37: REST OF WORLD CANNABIS FOOD & BEVERAGE MARKET, BY REGION, FORECAST YEARS, 2020-2025 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2019

FIGURE 6: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY MASS MERCHANDISERS, 2020-2025 (IN $ MILLION)

FIGURE 7: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY SPECIALTY STORE, 2020-2025 (IN $ MILLION)

FIGURE 8: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY ONLINE STORES, 2020-2025 (IN $ MILLION)

FIGURE 9: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY OTHERS, 2020-2025 (IN $ MILLION)

FIGURE 10: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2019

FIGURE 11: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY BAKERY PRODUCTS, 2020-2025 (IN $ MILLION)

FIGURE 12: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY CHOCOLATE, 2020-2025 (IN $ MILLION)

FIGURE 13: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY CEREAL BARS, 2020-2025 (IN $ MILLION)

FIGURE 14: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY CANDY, 2020-2025 (IN $ MILLION)

FIGURE 15: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY BEVERAGES, 2020-2025 (IN $ MILLION)

FIGURE 16: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY ICE CREAM, 2020-2025 (IN $ MILLION)

FIGURE 17: GLOBAL CANNABIS FOOD & BEVERAGE MARKET, BY OTHERS, 2020-2025 (IN $ MILLION)

FIGURE 18: NORTH AMERICA CANNABIS FOOD & BEVERAGE MARKET, REGIONAL OUTLOOK, 2019 & 2025 (IN %)

FIGURE 19: UNITED STATES CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 20: CANADA CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 21: EUROPE CANNABIS FOOD & BEVERAGE MARKET, REGIONAL OUTLOOK, 2019 & 2025 (IN %)

FIGURE 22: UNITED KINGDOM CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 23: GERMANY CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 24: SWITZERLAND CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 25: NETHERLANDS CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 26: SPAIN CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 27: PORTUGAL CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 28: ITALY CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 29: REST OF EUROPE CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 30: ASIA PACIFIC CANNABIS FOOD & BEVERAGE MARKET, REGIONAL OUTLOOK, 2019 & 2025 (IN %)

FIGURE 31: AUSTRALIA CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 32: NEW ZEALAND CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 33: REST OF WORLD CANNABIS FOOD & BEVERAGE MARKET, REGIONAL OUTLOOK, 2019 & 2025 (IN %)

FIGURE 34: URUGUAY CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 35: COLOMBIA CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 36: MEXICO CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 37: SOUTH AFRICA CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

FIGURE 38: REST OF LAMEA CANNABIS FOOD & BEVERAGE MARKET, 2020-2025 (IN $ MILLION)

  1. MARKET BY DISTRIBUTION CHANNEL
    • MASS MERCHANDISERS
    • SPECIALTY STORE
    • ONLINE STORES
    • OTHERS
  2. MARKET BY PRODUCT TYPE
    • BAKERY PRODUCTS
    • CHOCOLATE
    • CEREAL BARS
    • CANDY
    • BEVERAGES
    • ICE CREAM
    • OTHERS
  3. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • SWITZERLAND
      • NETHERLANDS
      • SPAIN
      • PORTUGAL
      • ITALY
      • REST OF EUROPE
    •    ASIA PACIFIC
      • AUSTRALIA
      • NEW ZEALAND
    •    REST OF WORLD
      • URUGUAY
      • COLOMBIA
      • MEXICO
      • SOUTH AFRICA
      • REST OF LAMEA

To request a free sample copy of this report, please complete the form below :

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

    Choose License Type