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Cannabis Beverages Market Size To Expand At 17.8% CAGR By 2025, Owing To Increase In Sale Of Cannabis-Infused Drinks


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FELTON, Calif., March 15, 2021 /PRNewswire/ The global cannabis beverages market is estimated to reach USD 2.8 billion, by 2025, and is projected to grow at a CAGR of 17.8% from 2019 to 2025, according to a new report by Million Insights. The cannabis beverage market is heavily fragmented due to the presence of medium and small-scale companies. Many companies are present in Canada where cannabis is legal to use for medical applications. The increasing sale of cannabis-infused drinks is expected to boost the demand for the product.
The growing popularity of health and wellness beverages is also projected to contribute to market growth. Moreover, alcohol manufacturers are also investing high in developing cannabis infused products. For example, Heineken has launched Hi-Fi Hops in the California beer label category with added infused Tetrahydrocannabinol (THC) and cannabidiol (CBD) which is available with zero carbohydrates and calo ....

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