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

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).

In the upcoming years, it is projected that the market would be driven by the growing popularity of novel and pre-in immunized alcoholic beverages. e-commerce sales of CBD wine have surged due to a change in consumer purchasing habits. The market for CBD wine is significantly impacted by the rising demand for CBD products on a global scale. The CBD wine industry mostly consists of two types, hemp-based CBD wine and marijuana-based CBD wine. The CBD content of hemp plants is substantially higher than that of marijuana plants, making them the more lucrative option for producers and the one with the fewest legal ramifications. The market for CBD wine is expected to earn USD 11,100,000 in 2021 and USD 112,458,2000 by 2031, with a CAGR of 27.8%. In North American nations, specifically, consumers are spending more on products with CBD and no alcohol. Global demand for CBD wine is anticipated to be driven by the potential health advantages of these products. The legalisation of cannabis, which contains CBD with moderate levels of THC, is largely responsible for CBD's rising popularity. An entirely new market for CBD wine has emerged as a result of the legalisation of cannabis production and cultivation in a number of nations.

US CBD Wine Market is poised to grow at a sustainable CAGR for the next forecast year.