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Cannabis Beverages Market
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Cannabis Beverages Market

Author: Debadatta Patel - Senior Consultant, Report ID - DS1901129, Published - March 2025

Segmented in Product Type (Non-Alcoholic, Alcoholic), Consumption Occasion (Recreational, Social, Therapeutic), Consumer Age Group, Distribution Channel, Flavor Profile and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Cannabis Beverages Market Outlook

The market, for Cannabis beverages was estimated at $1.5 billion in 2024; and it is anticipated to increase to $4.6 billion by 2030 with projections indicating a growth to around $12.0 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 21.0% over the forecast period. The growing fascination with Cannabis Beverages can be credited to its uses along with the evolving progress in the cannabis industry that supports the continued importance of this market sector. With factors like increased consumer knowledge, legal status of cannabis in different parts of the world and the incorporation of cannabis in functional drinks shaping the markets direction. Simultaneously the rising focus on research and development endeavors to discover applications remains a driving force, behind the sectors importance.


Beverages with cannabis are mainly drinks that contain cannabinoids like CBD (cannabidiol) or THC (tetrahydrocannabinol) providing physical effects to consumers. These drinks are widely used in the field for treating pain relief and mental health issues as well as in managing chronic conditions. In the wellness industry they are popular for promoting relaxation j sleep improvement and boosting mood. The current trends driving the demand include a rising preference for alcohol or non alcoholic drinks and an increasing acknowledgment of cannabis as a beneficial ingredient, in wellness goods.


Market Size Forecast & Key Insights

2019
$1.5B2024
2029
$10B2034

Absolute Growth Opportunity = $8.5B

The Cannabis Beverages market is projected to grow from $1.5 billion in 2024 to $10.0 billion in 2034. This represents a CAGR of 21.0%, reflecting rising demand across Recreational Use, Therapeutic and Wellness Use and Physical Fitness and Sports Recovery.

The Cannabis Beverages market is set to add $8.5 billion between 2024 and 2034, with manufacturer targeting Social & Therapeutic Consumption Occasion projected to gain a larger market share.

With Increase in legalization efforts, and Health and wellness trend, Cannabis Beverages market to expand 573% between 2024 and 2034.

Opportunities in the Cannabis Beverages Market

Geographical Expansion

The changing regulatory landscape in countries provides a promising opportunity, for cannabis beverage companies.

Tapping into the Wellness Market and Innovating with Technological Advancements

The health and wellness sector is seeing a rise in popularity at the moment with the integration of cannabis beverages into this field presenting a new opportunity for brand expansion. By emphasizing the impact of cannabis on health and well being companies can tap into this emerging trend by introducing inventive cannabis infused beverage options. These could include teas and coffees infused with CBD or wellness drinks enhanced with cannabis to promote relaxation focus and overall health. The established and thriving wellness industry creates avenues for considerable growth, in the market by targeting health conscious consumers.

The changing technology scenario presents prospects in the market for cannabis infused beverages where incorporating cutting edge technology into manufacturing and distribution methods could significantly boost operational efficiency and extend product longevity on store shelves. By utilizing nanotechnology and microencapsulation methods brands have the chance to enhance solubility in drinks leading to better taste and effects for consumers while also addressing existing issues related to product uniformity within the industry thereby paving the way, for expansion opportunities.

Growth Opportunities in North America and Europe

Europe Outlook

In Europe's cannabis beverages sector is showing growth trends with the Netherlands, Germany and the United Kingdom leading the way. Changing regulations and increasing support for cannabis for use are key factors in this region. While competition is fierce due to global and local competitors, opportunities for expansion can be found by offering unique products and catering to European preferences. The demand for craft beverages is on the rise in Europe alongside a growing interest in alcoholic options like cannabis infused drinks Manufacturers should focus on being innovative and offering a variety to cater to the market European consumers value sustainability which plays a crucial role, in building brand reputation and penetrating the market.

North America Outlook

In North America's cannabis drinks sector is on the rise due to the growing acceptance of cannabis and rising consumer demand for infused beverages and healthier options without intoxication, in the United States. In a crowded beverages market scenario with competition among brands like Canopy Growth Corporation and HEX0 Corp stand out with their strong presence achieved through unique product offerings and strong brand positioning strategies They are expanding their retail reach and increasing investments in research and development to boost the market opportunities for cannabis infused beverages, in the region.

North America Outlook

In North America's cannabis drinks sector is on the rise due to the growing acceptance of cannabis and rising consumer demand for infused beverages and healthier options without intoxication, in the United States. In a crowded beverages market scenario with competition among brands like Canopy Growth Corporation and HEX0 Corp stand out with their strong presence achieved through unique product offerings and strong brand positioning strategies They are expanding their retail reach and increasing investments in research and development to boost the market opportunities for cannabis infused beverages, in the region.

Europe Outlook

In Europe's cannabis beverages sector is showing growth trends with the Netherlands, Germany and the United Kingdom leading the way. Changing regulations and increasing support for cannabis for use are key factors in this region. While competition is fierce due to global and local competitors, opportunities for expansion can be found by offering unique products and catering to European preferences. The demand for craft beverages is on the rise in Europe alongside a growing interest in alcoholic options like cannabis infused drinks Manufacturers should focus on being innovative and offering a variety to cater to the market European consumers value sustainability which plays a crucial role, in building brand reputation and penetrating the market.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, Canada, Germany, United Kingdom, Australia are expected to grow at 20.2% to 29.4% CAGR

2

Emerging Markets : Mexico, South Korea, Colombia are expected to grow at 15.8% to 21.8% CAGR

Market Analysis Chart

The worldwide market for Cannabis Beverages has seen expansion due to various important factors at play. First and foremost is the increasing trend of legalizing cannabis for both recreational use which has greatly contributed to the growth of this sector. This legal approval has actively boosted the manufacturing and consumption of Cannabis Beverages resulting in a reach in the market. Additionally the evolving societal attitudes towards cannabis and its perceived health advantages have also played a role in driving up the demand, for such products.

Recent Developments and Technological Advancement

November 2024

Premiere Beverages has completed its planned acquisition of HempHop to broaden its selection of cannabis infused beverages.

September 2024

HighCraft introduced a range of soft drinks infused with CBD to expand its products, in the Cannabis Beverage industry.

June 2024

Euphoria Elixirs collaborated with CannaBiz pioneers to launch cutting edge CBD brewing equipment supported by AI technology in order to transform the production of cannabis infused beverages.

The market for Cannabis Beverages is highly competitive. Blends innovation with tradition to drive growth in recent times due to changing consumer tastes and an increasing recognition of cannabis as a valuable component in the beverage sector. A key trend shaping the industry is the incorporation of cannabis, into health focused beverages that bring benefits to the wellness market.

Impact of Industry Transitions on the Cannabis Beverages Market

As a core segment of the Food & Beverage industry, the Cannabis Beverages market develops in line with broader industry shifts. Over recent years, transitions such as Emphasis on Health and Wellness and Stricter Regulations and Compliance have redefined priorities across the Food & Beverage sector, influencing how the Cannabis Beverages market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Emphasis on Health and Wellness:

The market for cannabis infused drinks is undergoing a change towards emphasizing well being and health improvement instead of just recreational enjoyment as it used to be in the past times. There is a growing movement towards integrating cannabis into a way of living due to people becoming more informed about the medicinal advantages of compounds like CBD and THC found in cannabis. These advantages cover areas such, as relieving pain and anxiety well as improving sleep quality among other benefits. CBD infused water and THC infused tea are becoming popular beverages in line with current trends, in the industry. A shift that is not only reshaping the cannabis beverage market but also impacting the broader health and wellness sector as a whole. Through research and development efforts focusedon creating beverages that combine great taste with health advantages the industry is looking towards a promising future.

2

Stricter Regulations and Compliance:

The regulations are having an effect on the cannabis drinks industry due to the increasing worldwide use of medical and recreational cannabis Governments, across the globe are implementing strict rules and standards to manage how it is used grows and sold.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Food & Beverage industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Food & Beverage industry cascade into the Cannabis Beverages market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increase in Legalization Efforts, and Technological Advancement in Infusion Methods

The rising popularity of Cannabis Beverages can also be attributed to the trend of legalization in various regions worldwide such as Canada and several states in the U. S., where cannabis is also now legal for both medical and recreational use. As a result of this growing acceptance and legalization movement the market for Cannabis Beverages has also seen growth. With countries expected to join this trend the horizon of opportunities, for Cannabis Beverages is also broadening on a global scale.
Technological progress in the infusion techniques of Cannabis Beverages is also driving market expansion forward at a pace. The developments, in nano emulsion methods that enable onset of cannabis effects and enhance the flavor of cannabis infused beverages are also enticing a growing number of consumers to experiment with these drinks.
The growing focus on health worldwide has also influenced the consumer beverage industry to embrace wellness practices well. This shift has also prompted manufacturers in the Cannabis Beverages sector to create beneficial products aimed at promoting stress relief and alleviating pain. Popular offerings, in this category include tea, cannabis infused coffee and drinks enhanced with CBD. These beverages are also increasingly recognized as part of a holistic wellness approach gaining traction among consumers.

Restraint: Regulatory Uncertainties

Regulatory uncertainties pose a challenge for the Cannabis Beverages markets expansion due to varying legal guidelines at national and international levels concerning production and distribution of these products. Diverse laws across countries or even within states in the same country can create obstacles for companies seeking growth, in the Cannabis Beverages sector by impacting market demand and industry dynamics overall.

Challenge: Consumer Perception Concerns

Consumer perception and social stigma play a role in how Cannabis and its derivatives are viewed by the public. Although there are documented medicinal advantages of Cannabis products the negative stereotypes linked to its recreational use can influence public opinion. This perception challenge may impede the adoption of Cannabis Beverages, by consumers thus potentially restricting market expansion opportunities.

Supply Chain Landscape

Cultivation & Harvesting

Canopy Growth

Aurora Cannabis

Extraction & Refinement

MediPharm Labs

Valens GroWorks

Formulation & Production
Evergreen Organix / BevCanna Enterprises
Distribution & Retail
Alcanna / METRO AG
Cultivation & Harvesting

Canopy Growth

Aurora Cannabis

Extraction & Refinement

MediPharm Labs

Valens GroWorks

Formulation & Production

Evergreen Organix

BevCanna Enterprises

Distribution & Retail

Alcanna

METRO AG

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Recreational Use
Cannabis Industry
Aurora Cannabis
Exploration of unique flavor profiles and infusion techniques to appeal to the consumer palate
Medical Use
Pharmaceutical Industry
Tilray
Development of cannabis drinks with specific medical benefits, such as pain relief and insomnia treatment
Wellness and Lifestyle
Health and Wellness Industry
Canopy Growth Corporation
Creation of cannabis-infused wellness beverages aimed at promoting relaxation and overall well-being
Food and Beverage
Food and Beverage Industry
Hexo Corp
Collaboration with established beverage makers to create cannabis-infused drinks for mainstream consumption

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Cannabis Beverages market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Cannabis Beverages in Recreational Use, Therapeutic and Wellness Use and Physical Fitness and Sports Recovery

Recreational Use

One common way people enjoy beverages is for fun and relaxation rather than medicinal purposes. These beverages are infused with THC to create a mild high when consumed by users in social settings or, at parties or gatherings instead of smoking cannabis directly. Markey frontrunners Canopy Growth Corporation and Hexo Corp dominate this market by offering a selection of THC infused drinks that appeal to diverse consumer preferences and tastes.

Therapeutic and Wellness Use

Cannabis beverages also play a role in the wellness and health industry by offering CBD infused drinks known for their various health advantages such as relieving anxiety and managing pain while promoting better sleep quality without causing any psychoactive effects commonly associated with THC consumption. Key players in the market, like New Age Beverages and The Alkaline Water Company are capitalizing on this growing trend by introducing CBD infused wellness beverages to cater to consumers seeking therapeutic benefits without experiencing a high.

Physical Fitness and Sports Recovery

The world of fitness has discovered a new supporter in cannabis infused drinks. Particularly those containing CBD. Which are becoming popular for aiding in sports recovery due to CBDs anti inflammatory qualities and its ability to speed up muscle healing processes. Health conscious individuals and athletes are turning to these beverages as a natural alternative to typical energy and sports drinks. Brands such as Kill Cliff and DEFY are leading the way, in this field by offering a variety of CBD infused recovery drinks that have received endorsements from athletes.

Cannabis Beverages vs. Substitutes:
Performance and Positioning Analysis

Cannabis beverages, gaining prominence for their non-invasive consumption style, are contrasting alternatives to traditional smoking methods; they stand distinct in the market for their likely colossal growth potential. These Alternatives specially Non Alcoholic Craft Mocktails has experienced a rapid growth as detailed in our latest report.

Cannabis Beverages
  • CBD Edibles /
  • Non Alcoholic Craft Mocktails
    Potential for great market growth, Wellness-oriented product offerings
    Strict regulatory environment, Consumer misunderstanding of product effects
    Natural health benefits, Wide availability
    High risk of addiction, Negative health effects from prolonged usage

Cannabis Beverages vs. Substitutes:
Performance and Positioning Analysis

Cannabis Beverages

  • Potential for great market growth, Wellness-oriented product offerings
  • Strict regulatory environment, Consumer misunderstanding of product effects

CBD Edibles / Non Alcoholic Craft Mocktails

  • Natural health benefits, Wide availability
  • High risk of addiction, Negative health effects from prolonged usage

Cannabis beverages, gaining prominence for their non-invasive consumption style, are contrasting alternatives to traditional smoking methods; they stand distinct in the market for their likely colossal growth potential. These Alternatives specially Non Alcoholic Craft Mocktails has experienced a rapid growth as detailed in our latest report.

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Research Methodology

This market research methodology defines the Cannabis Beverages market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Food & Beverage ecosystem, we analyze Cannabis Beverages across Non-Alcoholic and Alcoholic Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

Food and Agriculture Organization (FAO)

Food Substances - FDA

Prodcom / Census US / Statcan / e-stat Japan / ABS Australia / KOSIS Korea

USA Trade Census

DEFRA UK / Ifastat

Climate.gov

Annual Reports / Industry Magazines / Country Level Ministerial Sources

We benchmark competitors such as Canopy Growth Corporation, New Age Beverages Corp, and Heineken N.V. by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Cultivation & Harvesting, Extraction & Refinement, and Formulation & Production. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Food & Beverage revenues to estimate the Cannabis Beverages segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Cultivation & Harvesting (Canopy Growth, Aurora Cannabis), Extraction & Refinement (MediPharm Labs, Valens GroWorks), and Formulation & Production. Our parallel substitute analysis examines CBD Edibles and Non Alcoholic Craft Mocktails, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Canopy Growth Corporation, New Age Beverages Corp, and Heineken N.V., analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Cannabis Beverages market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Cannabis Beverages Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 1.8 billion
Revenue Forecast in 2034USD 10.0 billion
Growth RateCAGR of 21.0% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20241.5 billion
Growth OpportunityUSD 8.5 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20241.5 billion USD
Market Size 20272.6 billion USD
Market Size 20293.8 billion USD
Market Size 20304.6 billion USD
Market Size 203410.0 billion USD
Market Size 203512.0 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, Consumption Occasion, Consumer Age Group, Distribution Channel, Flavor Profile
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledCanopy Growth Corporation, New Age Beverages Corp, Heineken N.V., The Alkaline Water Company Inc., Phivida Holdings Inc., Sproutly Canada Inc., Province Brands, The Green Organic Dutchman, Tinley Beverage Company Inc., Koios Beverage Corp., Aurora Cannabis Inc. and Aphria Inc.
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Cannabis Beverages Market Size, Opportunities & Strategic Insights, by Product Type

4.1Non-Alcoholic
4.2Alcoholic
Chapter 5

Cannabis Beverages Market Size, Opportunities & Strategic Insights, by Consumption Occasion

5.1Recreational
5.2Social
5.3Therapeutic
Chapter 6

Cannabis Beverages Market Size, Opportunities & Strategic Insights, by Consumer Age Group

6.1Young Adults
6.2Mid-Age Adults
6.3Senior Adults
Chapter 7

Cannabis Beverages Market Size, Opportunities & Strategic Insights, by Distribution Channel

7.1Online Retail
7.2Offline Retail
Chapter 8

Cannabis Beverages Market Size, Opportunities & Strategic Insights, by Flavor Profile

8.1Fruit Based
8.2Herb Based
8.3Spice Based
Chapter 9

Cannabis Beverages Market, by Region

9.1North America Cannabis Beverages Market Size, Opportunities, Key Trends & Strategic Insights
9.1.1U.S.
9.1.2Canada
9.2Europe Cannabis Beverages Market Size, Opportunities, Key Trends & Strategic Insights
9.2.1Germany
9.2.2France
9.2.3UK
9.2.4Italy
9.2.5The Netherlands
9.2.6Rest of EU
9.3Asia Pacific Cannabis Beverages Market Size, Opportunities, Key Trends & Strategic Insights
9.3.1China
9.3.2Japan
9.3.3South Korea
9.3.4India
9.3.5Australia
9.3.6Thailand
9.3.7Rest of APAC
9.4Middle East & Africa Cannabis Beverages Market Size, Opportunities, Key Trends & Strategic Insights
9.4.1Saudi Arabia
9.4.2United Arab Emirates
9.4.3South Africa
9.4.4Rest of MEA
9.5Latin America Cannabis Beverages Market Size, Opportunities, Key Trends & Strategic Insights
9.5.1Brazil
9.5.2Mexico
9.5.3Rest of LA
9.6CIS Cannabis Beverages Market Size, Opportunities, Key Trends & Strategic Insights
9.6.1Russia
9.6.2Rest of CIS
Chapter 10

Competitive Landscape

10.1Competitive Dashboard & Market Share Analysis
10.2Company Profiles (Overview, Financials, Developments, SWOT)
10.2.1Canopy Growth Corporation
10.2.2New Age Beverages Corp
10.2.3Heineken N.V.
10.2.4The Alkaline Water Company Inc.
10.2.5Phivida Holdings Inc.
10.2.6Sproutly Canada Inc.
10.2.7Province Brands
10.2.8The Green Organic Dutchman
10.2.9Tinley Beverage Company Inc.
10.2.10Koios Beverage Corp.
10.2.11Aurora Cannabis Inc.
10.2.12Aphria Inc.