Cannabis Food and Beverage
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, October 19, 2021 /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.
Increase in production of recreational or medical cannabis in various countries and rise in demand for cannabis-based wellness drink fuel the growth of the global cannabis food and beverage market. On the other hand, shortage of supply in high-quality cannabis curbs the growth to certain extent. However, initiatives taken in legalizing cannabis-based food and beverage product, and surge in use of cannabis in various health disorders are expected to create a number of opportunities in the industry.
Download Free Report Sample@ https://www.alliedmarketresearch.com/request-sample/6298
The legalization of cannabis in developed economies , such as U.S., and Canada, and Australia has increased the…
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Cannabis Food and Beverage
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, October 19, 2021 /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.
Increase in production of recreational or medical cannabis in various countries and rise in demand for cannabis-based wellness drink fuel the growth of the global cannabis food and beverage market. On the other hand, shortage of supply in high-quality cannabis curbs the growth to certain extent. However, initiatives taken in legalizing cannabis-based food and beverage product, and surge in use of cannabis in various health disorders are expected to create a number of opportunities in the industry.
Download Free Report Sample@ https://www.alliedmarketresearch.com/request-sample/6298
The legalization of cannabis in developed economies , such as U.S., and Canada, and Australia has increased the…
