Global CBD Wine Market

Global CBD Wine Market Size, Share, Growth Analysis, By Packaging(Bottles and Cans), By Distribution Channels(On-Trade and Off-Trade) - Industry Forecast 2024-2031

Report ID: SQMIG30F2037 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 59 | Figures: 77

Global CBD Wine Market Regional Insights

Asia Pacific is predicted to experience significant growth in the worldwide market for alcoholic beverages containing cannabis. Because of its enormous popularity, rising disposable incomes, and rising alcohol consumption tendencies, nations like New Zealand, Australia, Japan, and India are requesting cannabis-based alcoholic beverages. The use of alcoholic beverages made from cannabis in the various Asia Pacific nations is anticipated to be influenced by the adoption of various western cultures and customs.

In 2021, North America was the fastest expanding market and accounted for 56.5% of worldwide sales. Due to the country's legalization of both medical and recreational marijuana, the U.S. controlled the industry. In the US, California is the state where CBD wine is most popular. The region with the greatest CBD wine consumption rates worldwide is still North America. North America has higher use of CBD products than other regions of the world because consumers there are aware of CBD and its health advantages.

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Global CBD Wine Market size was valued at USD 10.74 Billion in 2022 and is poised to grow from USD 11.09 Billion in 2023 to USD 14.38 Billion by 2031, at a CAGR of 3.30% during the forecast period (2024-2031).

To expand their global market share, major manufacturers are concentrating more on creating new wines. One of the primary tactics used by the players to solidify their position in the market and increase their market share is mergers and acquisitions. Other important strategies include new product releases, innovation, geographic expansion, and acquisitions. 'Rebel Coast Winery (USA)', 'CannaVines (USA)', 'Greenway Wine (USA)', 'Winabis (Spain)', 'Mary Jane's Wines (Canada)', 'Tarukino (USA)', 'Cana Wines (USA)', 'Cannawine (Spain)', 'Marlee-Jo Wine Company (Canada)', 'Saka Wines (USA)', 'CBD Wines (USA)', 'Swirl Wines (USA)', 'Grüner (USA)', 'Le Grand Courtage (France)', 'Zena Wines (USA)', 'Bitchin' Wines (USA)', 'Moody 33 (USA)', 'Rebel Wines (UK)', 'Wine & Weed Symposium (USA)', 'Maka Wines (USA)', 'Acreage Holdings (USA)', 'Province Brands of Canada (Canada)'

The legality of cannabis and CBD varies widely across the world, which could lead to different markets developing in different regions. Some regions may be more open to the production and consumption of CBD wine, while others may have stricter regulations. This could lead to regional differences in the types of products available, as well as in consumer preferences.

The global CBD market is expected to continue to grow, driven by increasing consumer interest in the potential health benefits of CBD. As a result, there could be increased demand for CBD-infused wine and other beverages.

Asia Pacific is predicted to experience significant growth in the worldwide market for alcoholic beverages containing cannabis. Because of its enormous popularity, rising disposable incomes, and rising alcohol consumption tendencies, nations like New Zealand, Australia, Japan, and India are requesting cannabis-based alcoholic beverages. The use of alcoholic beverages made from cannabis in the various Asia Pacific nations is anticipated to be influenced by the adoption of various western cultures and customs.

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Global CBD Wine Market

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