Global CBD Water Market, By Type (Industrial Hemp-Derived, Medical Marijuana-Derived), Source (Marijuana, Hemp), Distribution Channel (Supermarket, Online Retail, Offline Retail), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The CBD water market is expected to witness market growth at a rate of 10.10% in the forecast period of 2021 to 2028 and is expected to reach USD 6.49 billion by 2028. Data Bridge Market Research report on CBD water market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growth in awareness regarding the health benefits of the hemp derivatives is escalating the growth of CBD water market.
CBD is defined as a chemical compound found in the cannabis plant. It does not produce the same high which is associated with THC or marijuana. CBD water is refers to a beverage that is infused with CBD particles and is one of the new additions in CBD products including oils, capsules and gummies among others.
The rise adoption of CBD infused food and beverages to relieve chronic pain and help reduce anxiety and inflammation acts as one of the major factors driving the growth of CBD water market. The rise in preference towards natural organic products over pharmaceuticals among consumers across the globe and growing trend of CBD infused products because of their therapeutic properties accelerate the CBD water market growth. The increase in demand for cannabidiol (CBD) for the production of snacks and wellness products because of its healing abilities and growing production of industrial hemp further influence the CBD water market. Additionally, merges and acquisitions among key players, emerging consumer trend owning to the rise in number of social media influencers promoting the benefits of the product, emerging consumer trend owning to the rise in number of social media influencers promoting the benefits of the product of the CBD water market. Furthermore, research and development activities and the legalization of the product across nations extend profitable opportunities to the CBD water market players in the forecast period of 2021 to 2028.
On the other hand, high cost of medical cannabis based oil extract-infused food products and implementation of stringent regulations associated with usage of the product are the factors expected to obstruct the CBD water market growth. The rise in concerns regarding the side effects such as allergies, headache and substance abuse is projected to challenge the CBD water market in the forecast period of 2021-2028.
This CBD water market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on CBD water market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
CBD Water Market Scope and Market Size
The CBD water market is segmented on the basis of type, source and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the CBD water market is segmented into industrial hemp-derived and medical marijuana-derived.
- On the basis of source, the CBD water market is segmented into marijuana and hemp.
- On the basis of distribution channel, the CBD water market is segmented into supermarket, online retail, offline and retail.
Global CBD Water Market Country Level Analysis
The CBD water market is analyzed and market size, volume information is provided by country, type, source and distribution channel referenced above.
The countries covered in the global CBD water market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America and Europe dominate the CBD water market because of the rise in consumption of ready-to-eat snacks and beverages infused with CBD, legalized utilization of cannabis for medicinal and recreational applications and high awareness in the region. Asia-Pacific is expected to witness the significant CAGR during the forecast period of 2021-2028 because of the growing popularity of the beverages, rise in awareness regarding health and wellness and changing lifestyle and eating habits in the region.
The country section of the CBD water market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and CBD Water Market Share Analysis
The CBD water market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to CBD water market.
The major players covered in the CBD water market report are CHARLOTTE’S WEB, CV Sciences, Inc., Mary's Medicinals, Gaia Botanicals, LLC, TertraLabs, HempMeds, CBD Naturals, ENDOCA, Cannabiniers, Canopy Growth Corporation, Aphria Inc., Daytrip Beverages, Koios Beverage Corp., G&Juice, Alkaline88, LLC, CANNABIS SATIVA, INC, Honeydrop Beverages, K-Zen Beverages Inc., General Cannabis, Aurora Cannabis, Tilray, Lagunitas Brewing Company, CBD Biotechnology Co. Ltd, NewAge Inc., Phivida Holdings Inc., Puration, Sprig, and UbU Sparkling Beverages among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.