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Press release content from Business Wire. The AP news staff was not involved in its creation.

$1.2 Billion Worldwide Cannabis Beverages Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

April 14, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Apr 14, 2021--

The “Cannabis Beverages - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for Cannabis Beverages estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$3.7 Billion by 2027, growing at a CAGR of 17.5% over the period 2020-2027.

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Non-Alcoholic, one of the segments analyzed in the report, is projected to record 18.3% CAGR and reach US$2.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Alcoholic segment is readjusted to a revised 16% CAGR for the next 7-year period.

The U.S. Market is Estimated at $358 Million, While China is Forecast to Grow at 16.8% CAGR

The Cannabis Beverages market in the U.S. is estimated at US$358 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$642.5 Million by the year 2027 trailing a CAGR of 16.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.6% and 15% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.8% CAGR.

Select Competitors (Total 52 Featured):

  • Aphria
  • Aurora Cannabis
  • CannTrust Holdings, Inc.
  • Canopy Growth
  • Cronos Group Inc.
  • Dixie Brands Inc.
  • GW Pharmaceuticals plc
  • Hexo Corp.
  • Keef Brand
  • Koios Beverage Corporation
  • MedReleaf Corp.
  • New Age Beverages Corporation
  • OrganiGram Holdings
  • Phivida Holdings Inc.
  • The Alkaline Water Company
  • Tilray
  • VCC Brand
  • Vivo Cannabis Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

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2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 52

For more information about this report visit https://www.researchandmarkets.com/r/umgaaw

View source version on businesswire.com:https://www.businesswire.com/news/home/20210414005341/en/

CONTACT: ResearchAndMarkets.com

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KEYWORD:

INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 04/14/2021 04:58 AM/DISC: 04/14/2021 04:58 AM

http://www.businesswire.com/news/home/20210414005341/en