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Global Cannabis Beverage Market to Surpass US$ 2743.7 Million by 2027 - Coherent Market Insights


SEATTLE, Jan. 30, 2020 /PRNewswire/ -- The global cannabis beverage market was valued at around US$ 205 million in 2018, and is expected to exhibit a CAGR of 38.3% over the forecast period (2019-2027).

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Key Trends and Analysis of the Cannabis Beverage Market:

The global cannabis beverage market has witness a rapid growth in terms of value and volume, in the past few years. Increasing penetration of cannabis-based products in the market, owing to the rising awareness among consumers regarding the medical and therapeutic benefits of cannabis is expected to favor the market growth. On account of the rise in consumption of cannabis, market players are developing food products infused with cannabis extracts. These include cannabis infused beverages which are healthier alternatives to common methods of cannabis consumption such as smoking and vaping.

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Key Market Takeaways:

Major players operating in the global cannabis beverage market include?

MedReleaf Corp., Cronos Group Inc., GW Pharmaceuticals, Plc., CannTrust Holdings Inc., VIVO Cannabis Inc., Tilray Inc., General Cannabis Corporation, Koios Beverage Corporation, New Age Beverages Corporation, Dutch Windmill Spirits, Heineken, The Supreme Cannabis Company, and SK Rodnik.

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Market Segmentations:

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Cold Pressed Juice Market

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U.S. Bottled Water Market

The growing focus of manufacturers in launching the eco-friendly packaging solution of water is expected to augment the market growth over the forecast period. For instance, in July 2019, PepsiCo just announced that it will start rolling out its popular Aquafina water in aluminum cans in 2020 subjected to rising concern about global, non-recyclable waste mounts, the move comes as the brand's biggest attempt to reduce single-use plastic containers as aluminum is easier to recycle than many materials and is already recycled more often than other similar packaging types.

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India Alcohol Market

Rising number of millennial population and changing lifestyle patterns is a major driver in case of the growth of India alcohol market. For instance, as per the India Brand Equity Foundation, in September 2018, millennials constituted 47% of the total Indian working population which will lead to an increasing disposable income. Moreover, the increasing demand for cafes, bars, are thereby expected to lead to an increased demand for alcohol during the forecast period.

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SOURCE Coherent Market Insights



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