Global Cannabis-Infused Beverages Market Set to Explode in Coming Years

The worldwide market for cannabis-infused beverages is poised for significant expansion, with a projected Compound Annual Growth Rate (CAGR) of 37.3%. By the year 2032, this market is projected to grow into an $8.3 billion market.

The driving force behind this growth is the array of health advantages associated with cannabis-infused beverages, including improved sleep patterns, weight loss, and alleviation of anxiety, according to a report from Future Market Insights. These factors are driving the global cannabis drinks market toward rapid growth in the coming years.

Numerous businesses operating within the cannabis drinks market have expanded significantly, resulting in a broader assortment and greater quantity of products accessible to consumers. This expansion is projected to trigger an extraordinary surge in demand for cannabis beverages, surpassing 20 times the current levels, according to the report.

What Is a Cannabis-Infused Beverage?

A cannabis-infused beverage is a type of drink that has been infused with cannabinoids, which are compounds found in the cannabis plant. The most well-known cannabinoids are tetrahydrocannabinol (THC) and cannabidiol (CBD), although many others are present in varying concentrations. These cannabinoids produce the medicinal and psychoactive effects of cannabis.

Researchers developed cannabis-infused beverages by adding extracts or derivatives of the cannabis plant to the drink’s formulation. These beverages come in a variety of forms, including carbonated drinks, non-alcoholic beers, teas, coffees and juices. The goal of infusing beverages with cannabinoids is to provide consumers with an alternative way to consume cannabis that is more socially acceptable and discreet compared to smoking or vaping.

THC-infused beverages can produce psychoactive effects, often referred to as a “high.” On the other hand, CBD-infused beverages focus on potential therapeutic benefits without the mind-altering effects of THC. Depending on the formulation and the specific cannabinoids used, cannabis-infused beverages can offer various effects, such as relaxation, pain relief, stress reduction, improved sleep and more.

It’s important to note that the potency and effects of cannabis-infused beverages vary depending on the dose and the specific cannabinoids present. As with any cannabis product, consumers should know the legal regulations in their region and exercise caution when consuming these beverages, especially if new to cannabis products.

Other Report Findings About Cannabis-Infused Beverages

The report projected that India will become the most lucrative cannabis market in South Asia over the next decade. The report also stated that alcoholic cannabis infused drinks are expected to record the biggest CAGR by 2032.

“Cannabis drinks sales are increasing from regulated dispensaries, creating a multitude of options for specialized retailers to present appetizing and creative drinks, which are infused with active cannabis. In addition to that, distribution channels, which are allowed to serve cannabis drinks as the go-to-place for cannabis-based edibles, are likely to gain momentum in the upcoming decade,” a Future Market Insight analyst said, according to the report.

The surge in demand for cannabis-infused beverages is expected to coincide with the escalating use of cannabis in addressing neurological disorders, epilepsy, cancer and pain management. The favorable outcomes of legalizing cannabis for both recreational and medicinal purposes have also contributed positively to this sector.

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