Report ID: UCMIG30F2020
SkyQuest Technology's Cannabis beverages market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Cannabis Beverages Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
The global cannabis beverages market witnessed substantial growth, with a valuation of USD 901.8 million in 2018. This growth is projected to continue with a promising compound annual growth rate (CAGR) of 17.8% from 2019 to 2025. The rising acceptance and legalization of cannabis in various regions have fueled the demand for cannabis-infused beverages, as consumers seek alternative ways to consume the plant's compounds. Moreover, the shift in consumer preferences towards healthier and more socially acceptable alternatives to traditional alcoholic beverages has also contributed to the market's expansion. As the cannabis industry continues to evolve and regulatory environments become more favorable, the market for cannabis beverages is expected to witness further robust growth in the coming years.

This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Distillers & Vintners by segment aggregation, the contribution of the Distillers & Vintners in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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The market for Cannabis Beverages was estimated to be valued at US$ XX Mn in 2021.
The Cannabis Beverages Market is estimated to grow at a CAGR of XX% by 2028.
The Cannabis Beverages Market is segmented on the basis of Type, Component, Regional.
Based on region, the Cannabis Beverages Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Cannabis Beverages Market are Walmart, Target, Safeway, Rite Aid, GNC Meijer, QT, Albertsons.
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Report ID: UCMIG30F2020
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