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Global Cannabis Food and Beverage Market Size Study, by Product Type (Bakery products, Chocolate, Cereal bars, Candy, Beverages, Ice cream, Others), by Distribution Channel (Mass Merchandisers, Specialty Stores, Online Stores, Others) and Regional Forecasts 2022-2032

June 2024 | 200 pages | ID: G6ECB6E2808BEN
Bizwit Research & Consulting LLP

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Global Cannabis Food and Beverage Market is valued at approximately USD 1.22 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 26.60% over the forecast period 2024-2032. Cannabis food and beverages refer to edible products and beverages infused with cannabinoids extracted from cannabis plants. These products can include a wide range of items such as snacks, candies, baked goods, chocolates, teas, coffees, juices, and alcoholic beverages, among others. The cannabinoids, particularly THC (tetrahydrocannabinol) and CBD (cannabidiol) are infused into these food and beverage items to provide the psychoactive or therapeutic effects associated with cannabis consumption. The market is gaining attention due to the increasing legalization and acceptance of cannabis, innovative product development, and growing consumer interest in alternative consumption methods. A significant trend in the Global Cannabis Food and Beverage Market is the increasing regulation based on laws governing the production, sale, and consumption of cannabis-infused products. This trend is accompanied by rising demand for health and wellness products and the expansion of the recreational cannabis sector. These factors fuel the market growth and attract new players, reflecting the broader acceptance and integration of cannabis products in mainstream consumer markets.

The Global Cannabis Food and Beverage Market is experiencing growth due to increasing legalisation, heightened consumer interest in alternative consumption methods, and a rising demand for health and wellness products. These factors collectively contribute to the market's expansion and the entry of new players. A significant factor is the increasing legalization of cannabis in various regions, which has opened new opportunities for product innovation and market expansion. This legalisation development has allowed for a more diverse range of cannabis-infused products, catering to both recreational and medicinal users. Consumer interest in alternative consumption methods, such as edibles and beverages, has surged as people seek more discreet and potentially healthier ways to enjoy cannabis. The health and wellness development has also boosted the market, with many consumers turning to CBD-infused products for their potential therapeutic benefits without the psychoactive effects of THC (tetrahydrocannabinol). However, the market encounters several restraints, primarily due to stringent regulations that differ significantly across various regions, making production and distribution more complex. These regulatory discrepancies create hurdles for manufacturers and distributors to maintain consistency and compliance. There are ongoing challenges with ensuring quality control and precise dosing accuracy, which are critical for consumer safety and product reliability. Public perception issues further complicate the market landscape, as misconceptions and scepticism about cannabis products can hinder wider acceptance and limit market growth.

The key regions considered for the global Cannabis Food and Beverage market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is dominating the Global Cannabis Food and Beverage Market for various reasons. The region has seen early and widespread cannabis legalisation, creating a conducive environment for market growth. This legalization has allowed for the development and commercialisation of a wide array of cannabis-infused products. North America benefits from well-established supply chains and significant investments in research and development, leading to innovative and high-quality products. The consumer base in this region is more open to alternative methods of cannabis consumption, such as edibles and beverages, which has driven demand. Moreover, the presence of major market players and a supportive regulatory framework have further strengthened the market. Advanced marketing and distribution networks in North America ensure that these products are widely available and accessible, cementing the region's dominant position in the Global Cannabis Food and Beverage Market. The market in Asia Pacific, on the other hand, is expected to develop at the fastest rate over the forecast period.

Major market players included in this report are:
Dixie Brands Inc
Lagunitas Brewing Company
Trees Corporation
New Age Beverages Corporation
KOIOS Beverage Corp.
Canopy Growth Corporation
Aurora Cannabis Inc.
Tilray Brands, Inc.
Cronos Group Inc.
HEXO Corp.

The detailed segments and sub-segments of the market are explained below:

By Product Type
Bakery products
Chocolate
Cereal bars
Candy
Beverages
Ice cream
Others

By Distribution Channel
Mass Merchandisers
Specialty Stores
Online Stores
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL CANNABIS FOOD AND BEVERAGE MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Global Cannabis Food and Beverage Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Product Type
  2.3.2. By Distribution Channel
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. GLOBAL CANNABIS FOOD AND BEVERAGE MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. GLOBAL CANNABIS FOOD AND BEVERAGE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL CANNABIS FOOD AND BEVERAGE MARKET SIZE & FORECASTS BY PRODUCT TYPE 2022-2032

5.1. Bakery products
5.2. Chocolate
5.3. Cereal bars
5.4. Candy
5.5. Beverages
5.6. Ice cream
5.7. Others

CHAPTER 6. GLOBAL CANNABIS FOOD AND BEVERAGE MARKET SIZE & FORECASTS BY DISTRIBUTION CHANNEL 2022-2032

6.1. Mass Merchandisers
6.2. Specialty Stores
6.3. Online Stores
6.4. Others

CHAPTER 7. GLOBAL CANNABIS FOOD AND BEVERAGE MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Cannabis Food and Beverage Market
  7.1.1. U.S. Cannabis Food and Beverage Market
    7.1.1.1. Product Type breakdown size & forecasts, 2022-2032
    7.1.1.2. Distribution Channel breakdown size & forecasts, 2022-2032
  7.1.2. Canada Cannabis Food and Beverage Market
7.2. Europe Cannabis Food and Beverage Market
  7.2.1. U.K. Cannabis Food and Beverage Market
  7.2.2. Germany Cannabis Food and Beverage Market
  7.2.3. France Cannabis Food and Beverage Market
  7.2.4. Spain Cannabis Food and Beverage Market
  7.2.5. Italy Cannabis Food and Beverage Market
  7.2.6. Rest of Europe Cannabis Food and Beverage Market
7.3. Asia-Pacific Cannabis Food and Beverage Market
  7.3.1. China Cannabis Food and Beverage Market
  7.3.2. India Cannabis Food and Beverage Market
  7.3.3. Japan Cannabis Food and Beverage Market
  7.3.4. Australia Cannabis Food and Beverage Market
  7.3.5. South Korea Cannabis Food and Beverage Market
  7.3.6. Rest of Asia Pacific Cannabis Food and Beverage Market
7.4. Latin America Cannabis Food and Beverage Market
  7.4.1. Brazil Cannabis Food and Beverage Market
  7.4.2. Mexico Cannabis Food and Beverage Market
  7.4.3. Rest of Latin America Cannabis Food and Beverage Market
7.5. Middle East & Africa Cannabis Food and Beverage Market
  7.5.1. Saudi Arabia Cannabis Food and Beverage Market
  7.5.2. South Africa Cannabis Food and Beverage Market
  7.5.3. Rest of Middle East & Africa Cannabis Food and Beverage Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Dixie Brands Inc
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. Lagunitas Brewing Company
  8.3.3. Trees Corporation
  8.3.4. New Age Beverages Corporation
  8.3.5. KOIOS Beverage Corp.
  8.3.6. Canopy Growth Corporation
  8.3.7. Aurora Cannabis Inc.
  8.3.8. Tilray Brands, Inc.
  8.3.9. Cronos Group Inc.
  8.3.10. HEXO Corp.

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Cannabis Food and Beverage market, report scope
TABLE 2. Global Cannabis Food and Beverage market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Cannabis Food and Beverage market estimates & forecasts by Product Type 2022-2032 (USD Billion)
TABLE 4. Global Cannabis Food and Beverage market estimates & forecasts by Distribution Channel 2022-2032 (USD Billion)
TABLE 5. Global Cannabis Food and Beverage market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Cannabis Food and Beverage market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Cannabis Food and Beverage market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Cannabis Food and Beverage market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Cannabis Food and Beverage market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Cannabis Food and Beverage market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Cannabis Food and Beverage market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Cannabis Food and Beverage market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Cannabis Food and Beverage market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Cannabis Food and Beverage market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. UK Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. UK Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. UK Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Germany Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. Germany Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Germany Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. France Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. France Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. France Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. Italy Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 31. Italy Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. Italy Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Spain Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 34. Spain Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. Spain Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. RoE Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 37. RoE Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 38. RoE Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. China Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 40. China Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 41. China Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. India Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 43. India Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 44. India Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. Japan Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 46. Japan Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 47. Japan Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Australia Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 49. Australia Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 50. Australia Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. South Korea Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 52. South Korea Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 53. South Korea Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54.
TABLE 55. RoAPAC Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 56. RoAPAC Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 57. RoAPAC Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. Brazil Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 59. Brazil Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 60. Brazil Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Mexico Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 62. Mexico Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 63. Mexico Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. RoLA Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 65. RoLA Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 66. RoLA Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. Saudi Arabia Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Cannabis Food and Beverage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. South Africa Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 71.
TABLE 72. South Africa Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 73. South Africa Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. RoMEA Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Cannabis Food and Beverage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. List of secondary sources, used in the study of Global Cannabis Food and Beverage Market.
TABLE 78. List of primary sources, used in the study of Global Cannabis Food and Beverage Market.
TABLE 79. Years considered for the study.
TABLE 80. Exchange rates considered.

LIST OF FIGURES

FIG 1. Global Cannabis Food and Beverage market, research methodology
FIG 2. Global Cannabis Food and Beverage market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Cannabis Food and Beverage market, key trends 2023
FIG 5. Global Cannabis Food and Beverage market, growth prospects 2022-2032
FIG 6. Global Cannabis Food and Beverage market, porters 5 force model
FIG 7. Global Cannabis Food and Beverage market, pestel analysis
FIG 8. Global Cannabis Food and Beverage market, value chain analysis
FIG 9. Global Cannabis Food and Beverage market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Cannabis Food and Beverage market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Cannabis Food and Beverage market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Cannabis Food and Beverage market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Cannabis Food and Beverage market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Cannabis Food and Beverage market, regional snapshot 2022 & 2032
FIG 15. North America Cannabis Food and Beverage market 2022 & 2032 (USD Billion)
FIG 16. Europe Cannabis Food and Beverage market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Cannabis Food and Beverage market 2022 & 2032 (USD Billion)
FIG 18. Latin America Cannabis Food and Beverage market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Cannabis Food and Beverage market 2022 & 2032 (USD Billion)
FIG 20. Global Cannabis Food and Beverage market, company market share analysis (2023)


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