cannabis-food-and-beverage-market
Global brands are introducing new line of cannabis infused beverages and spirits types in their product range to provide different varieties of products
PORTLAND, OR, UNITED STATES, March 4, 2022 /EINPresswire.com/ — Cannabis Food and Beverage Market by Product Type (Bakery Products, Chocolate, Cereal Bars, Candy, Beverages, Ice Cream, and Others), and Distribution Channel (Mass Merchandisers, Specialty Store, Online Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global cannabis food and beverage industry was estimated at $427 million in 2018 and is expected to hit $2.63 billion by 2026, registering a CAGR of 26.6% from 2019 to 2026.
The cannabis food and beverage market hold a substantial scope for the market growth. The market is currently in its growth stage; however, its contribution to the global market is expected to increase significantly during the cannabis food and beverage market forecast period. Rise in legalization of cannabis in food and beverages by many countries has enforced the market to produce innovative products such as flavored waters, wines, butter, and other bakery foods. Growth of the global population and rise in per capita income boost the market growth, thus increasing the demand of cannabis food and beverages.
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cannabis-food-and-beverage-market
Global brands are introducing new line of cannabis infused beverages and spirits types in their product range to provide different varieties of products
PORTLAND, OR, UNITED STATES, March 4, 2022 /EINPresswire.com/ — Cannabis Food and Beverage Market by Product Type (Bakery Products, Chocolate, Cereal Bars, Candy, Beverages, Ice Cream, and Others), and Distribution Channel (Mass Merchandisers, Specialty Store, Online Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global cannabis food and beverage industry was estimated at $427 million in 2018 and is expected to hit $2.63 billion by 2026, registering a CAGR of 26.6% from 2019 to 2026.
The cannabis food and beverage market hold a substantial scope for the market growth. The market is currently in its growth stage; however, its contribution to the global market is expected to increase significantly during the cannabis food and beverage market forecast period. Rise in legalization of cannabis in food and beverages by many countries has enforced the market to produce innovative products such as flavored waters, wines, butter, and other bakery foods. Growth of the global population and rise in per capita income boost the market growth, thus increasing the demand of cannabis food and beverages.
