GLOBAL CANNABIS FOOD AND BEVERAGE MARKET 2021-2026

Consumer Goods & Services | Food & Beverages

GLOBAL CANNABIS FOOD AND BEVERAGE MARKET 2021-2026

Market by Distribution Channel, Product Type, and Geography | Forecast 2021-2026

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Triton Market Research’s report predicts the global cannabis food and beverage market to progress at a CAGR of 15.15% over the forecast period 2021-2026. In 2020, the market acquired revenue worth $506.12 million and is estimated to gain $839.94 by 2026.


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Factors such as the legalization of medical or recreational cannabis in some countries and the availability of different flavors in wellness drinks are anticipated to drive the studied market on a growth path. Several nations, after understanding the benefits of cannabis on health, have legalized its use, thereby supplementing the growth of the market over the past few years. Moreover, considering the legalization of cannabis in major countries, several smaller nations are anticipated to legalize its use for medical or recreational purposes.

Triton’s report on cannabis food and beverage provides a detailed insight into the market. The comprehensive analysis of the market includes key market insights, Porter’s five forces analysis, key impact analysis, and market attractiveness index.

Furthermore, the surge in cannabis use to treat multiple health disorders is likely to offer lucrative opportunities to the reviewed market. CBD-infused oil is considered to provide several health benefits, including relieving pain and reducing anxiety. Besides, it has been proven to successfully treat neurological disorders, such as epilepsy and multiple sclerosis. Such positive benefits are expected to support the innovation of medicines and syrups.  

Although several countries have legalized the use of cannabis in the F&B industry, the majority of the nations have banned its use. Thus, this has decreased its production, which leads to a supply shortage in various countries. Additionally, the ban has reduced the supply-demand ratio, hampering the overall growth of the market. Other than this, the adverse health effects associated with cannabis also impedes the development of the cannabis food and beverage market.

 

Key geographies covered in the global cannabis food and beverage market are:

•           North America: United States and Canada

•           Europe: United Kingdom, Germany, Italy, Switzerland, Netherlands, Spain, Portugal, and Rest of Europe

•           Asia-Pacific: Australia and New Zealand

•           Rest of World: Uruguay, Colombia, Mexico, South Africa, and Rest of Latin America & Africa

The global cannabis food and beverage market is segmented on the basis of product type and distribution channel:

•           Market by Distribution Channel:

           o          Mass Merchandisers

           o          Specialty Store

           o          Online Stores

           o          Others

•           Market by Product Type:

           o          Bakery Products

           o          Chocolate

           o          Cereal

           o          Candy

           o          Beverages

           o          Ice Cream

           o          Others

The prominent companies thriving in the cannabis food and beverage market consist of General Cannabis Corp, Alkaline88 LLC, Coalition Brewing, The Supreme Cannabis Company Inc, Dutch Windmill Spirits BV, Dixie Brands Inc, Lagunitas Brewing Company, New Age Beverages Corporation, Energy Drink, Phivida Holdings Inc, and Koios Beverage Corp.  

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Table of Content

1. GLOBAL CANNABIS FOOD AND BEVERAGE MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. KEY INSIGHTS

2.1.1. INCREASED USAGE IN CONSUMABLES

2.1.2. BENEFITS OFFERED BY CBD GUMMIES

2.2. IMPACT OF COVID-19 ON CANNABIS FOOD AND BEVERAGE MARKET

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. IMPACT OF GOVERNMENT REGULATIONS ON THE MARKET

2.5. MARKET ATTRACTIVENESS MATRIX

2.6. VENDOR SCORECARD

2.7. MARKET DRIVERS

2.7.1. LEGALIZATION OF MEDICAL OR RECREATIONAL CANNABIS

2.7.2. AVAILABILITY OF DIFFERENT FLAVORS IN WELLNESS DRINKS

2.8. MARKET CHALLENGES

2.8.1. DECREASE IN THE SUPPLY-DEMAND RATIO

2.8.2. ADVERSE HEALTH EFFECTS ASSOCIATED WITH CANNABIS

2.9. MARKET OPPORTUNITIES

2.9.1.   INCREASE IN USE OF CANNABIS IN VARIOUS HEALTH DISORDERS

3. GLOBAL CANNABIS FOOD AND BEVERAGE MARKET – BY DISTRIBUTION CHANNEL

3.1. MASS MERCHANDISERS

3.2. SPECIALTY STORE

3.3. ONLINE STORES

3.4. OTHERS

4. GLOBAL CANNABIS FOOD AND BEVERAGE MARKET - BY PRODUCT TYPE

4.1. BAKERY PRODUCTS

4.2. CHOCOLATE

4.3. CEREAL BARS

4.4. CANDY

4.5. BEVERAGES

4.6. ICE CREAM

4.7. OTHERS

5. GLOBAL CANNABIS FOOD AND BEVERAGE MARKET – REGIONAL OUTLOOK

5.1. NORTH AMERICA

5.1.1. MARKET BY DISTRIBUTION CHANNEL

5.1.2. MARKET BY PRODUCT TYPE

5.1.3. COUNTRY ANALYSIS

5.1.3.1. UNITED STATES

5.1.3.2. CANADA

5.2. EUROPE

5.2.1. MARKET BY DISTRIBUTION CHANNEL

5.2.2. MARKET BY PRODUCT TYPE

5.2.3. COUNTRY ANALYSIS

5.2.3.1. UNITED KINGDOM

5.2.3.2. GERMANY

5.2.3.3. SPAIN

5.2.3.4. ITALY

5.2.3.5. SWITZERLAND

5.2.3.6. NETHERLANDS

5.2.3.7. PORTUGAL

5.2.3.8. REST OF EUROPE

5.3. ASIA-PACIFIC

5.3.1. MARKET BY DISTRIBUTION CHANNEL

5.3.2. MARKET BY PRODUCT TYPE

5.3.3. COUNTRY ANALYSIS

5.3.3.1. AUSTRALIA

5.3.3.2. NEW ZEALAND

5.4. REST OF WORLD

5.4.1.   MARKET BY DISTRIBUTION CHANNEL

5.4.2.   MARKET BY PRODUCT TYPE

5.4.3.   COUNTRY ANALYSIS

5.4.3.1. URUGUAY

5.4.3.2. COLOMBIA

5.4.3.3. MEXICO

5.4.3.4. SOUTH AFRICA

5.4.3.5. REST OF LAMEA

6. COMPETITIVE LANDSCAPE

6.1. ENERGY DRINK

6.2. COALITION BREWING

6.3. DIXIE BRANDS INC

6.4. DUTCH WINDMILL SPIRITS BV

6.5. GENERAL CANNABIS CORP

6.6. KOIOS BEVERAGE CORP

6.7. LAGUNITAS BREWING COMPANY

6.8. NEW AGE BEVERAGES CORPORATION

6.9. ALKALINE88 LLC

6.10. THE SUPREME CANNABIS COMPANY INC

6.11. PHIVIDA HOLDINGS INC

7. METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY REGIONAL OUTLOOK, 2021-2026 (IN $ MILLION)

TABLE 2: MARKET ATTRACTIVENESS MATRIX

TABLE 3: VENDOR SCORECARD

TABLE 4: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY DISTRIBUTION CHANNEL, 2021-2026 (IN $ MILLION)

TABLE 5: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY PRODUCT TYPE, 2021-2026 (IN $ MILLION)

TABLE 6: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY REGIONAL OUTLOOK, 2021-2026 (IN $ MILLION)

TABLE 7: NORTH AMERICA CANNABIS FOOD AND BEVERAGE MARKET, BY COUNTRY OUTLOOK, 2021-2026 (IN $ MILLION)

TABLE 8: NORTH AMERICA CANNABIS FOOD AND BEVERAGE MARKET, BY DISTRIBUTION CHANNEL, 2021-2026 (IN $ MILLION)

TABLE 9: NORTH AMERICA CANNABIS FOOD AND BEVERAGE MARKET, BY PRODUCT TYPE, 2021-2026 (IN $ MILLION)

TABLE 10: EUROPE CANNABIS FOOD AND BEVERAGE MARKET, BY COUNTRY OUTLOOK, 2021-2026 (IN $ MILLION)

TABLE 11: EUROPE CANNABIS FOOD AND BEVERAGE MARKET, BY DISTRIBUTION CHANNEL, 2021-2026 (IN $ MILLION)

TABLE 12: EUROPE CANNABIS FOOD AND BEVERAGE MARKET, BY PRODUCT TYPE, 2021-2026 (IN $ MILLION)

TABLE 13: ASIA-PACIFIC CANNABIS FOOD AND BEVERAGE MARKET, BY COUNTRY OUTLOOK, 2021-2026 (IN $ MILLION)

TABLE 14: ASIA-PACIFIC CANNABIS FOOD AND BEVERAGE MARKET, BY DISTRIBUTION CHANNEL, 2021-2026 (IN $ MILLION)

TABLE 15: ASIA-PACIFIC CANNABIS FOOD AND BEVERAGE MARKET, BY PRODUCT TYPE, 2021-2026 (IN $ MILLION)

TABLE 16: REST OF WORLD CANNABIS FOOD AND BEVERAGE MARKET, BY COUNTRY OUTLOOK, 2021-2026 (IN $ MILLION)

TABLE 17: REST OF WORLD CANNABIS FOOD AND BEVERAGE MARKET, BY DISTRIBUTION CHANNEL, 2021-2026 (IN $ MILLION)

TABLE 18: REST OF WORLD CANNABIS FOOD AND BEVERAGE MARKET, BY PRODUCT TYPE, 2021-2026 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY DISTRIBUTION CHANNEL, 2020 & 2026 (IN %)

FIGURE 3: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY MASS MERCHANDISERS, 2021-2026 (IN $ MILLION)

FIGURE 4: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY SPECIALTY STORE, 2021-2026 (IN $ MILLION)

FIGURE 5: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY ONLINE STORES, 2021-2026 (IN $ MILLION)

FIGURE 6: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY OTHERS, 2021-2026 (IN $ MILLION)

FIGURE 7: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY PRODUCT TYPE, 2020 & 2026 (IN %)

FIGURE 8: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY BAKERY PRODUCTS, 2021-2026 (IN $ MILLION)

FIGURE 9: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY CHOCOLATE, 2021-2026 (IN $ MILLION)

FIGURE 10: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY CEREAL BARS, 2021-2026 (IN $ MILLION)

FIGURE 11: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY CANDY, 2021-2026 (IN $ MILLION)

FIGURE 12: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY BEVERAGES, 2021-2026 (IN $ MILLION)

FIGURE 13: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY ICE CREAM, 2021-2026 (IN $ MILLION)

FIGURE 14: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, BY OTHERS, 2021-2026 (IN $ MILLION)

FIGURE 15: GLOBAL CANNABIS FOOD AND BEVERAGE MARKET, REGIONAL OUTLOOK, 2020 & 2026 (IN %)

FIGURE 16: UNITED STATES CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 17: CANADA CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 18: UNITED KINGDOM CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 19: GERMANY CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 20: SPAIN CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 21: ITALY CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 22: SWITZERLAND CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 23: NETHERLANDS CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 24: PORTUGAL CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 25: REST OF EUROPE CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 26: AUSTRALIA CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 27: NEW ZEALAND CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 28: URUGUAY CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 29: COLOMBIA CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 30: MEXICO CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 31: SOUTH AFRICA CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

FIGURE 32: REST OF LAMEA CANNABIS FOOD AND BEVERAGE MARKET 2021-2026 (IN $ MILLION)

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