LONDON--(BUSINESS WIRE)--Technavio has been monitoring the cannabis-based alcoholic beverage market and it is poised to grow by $ 155.28 mn during 2020-2024, progressing at a CAGR of almost 19% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
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What are the major trends in the market?
Growing prominence of online retailing is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 16.88% and the incremental growth of the market is anticipated to be $ 155.28 million. -
Who are the top players in the market?
Anheuser-Busch InBev, CannaVines, Dutch Windmill Spirits BV, Heineken NV, Klosterbrauerei Weißenohe GmbH & Co.KG, MJ Wines LLC, NABC, Inc., Rebel Coast Winery, and Winabis, Wine & Cannabis, are some of the major market participants. -
What are the key market drivers and challenges?
The social acceptance of cannabis is one of the major factors driving the market. -
How big is the North America market?
The North America region will contribute 51% of the market share
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Anheuser-Busch InBev, CannaVines, Dutch Windmill Spirits BV, Heineken NV, Klosterbrauerei Weißenohe GmbH & Co.KG, MJ Wines LLC, NABC, Inc., Rebel Coast Winery, and Winabis, Wine & Cannabis are some of the major market participants. The social acceptance of cannabis will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Cannabis-based Alcoholic Beverage Market 2020-2024: Segmentation
Cannabis-based Alcoholic Beverage Market is segmented as below:
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Product
- Cannabis-infused Beers
- Cannabis-infused Spirits
- Cannabis-infused Wines
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Geography
- North America
- Europe
- APAC
- South America
- MEA
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Cannabis-based Alcoholic Beverage Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cannabis-based alcoholic beverage market report covers the following areas:
- Cannabis-based Alcoholic Beverage Market Size
- Cannabis-based Alcoholic Beverage Market Trends
- Cannabis-based Alcoholic Beverage Market Industry Analysis
This study identifies growing prominence of online retailing as one of the prime reasons driving the cannabis-based alcoholic beverage market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Cannabis-based Alcoholic Beverage Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist cannabis-based alcoholic beverage market growth during the next five years
- Estimation of the cannabis-based alcoholic beverage market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the cannabis-based alcoholic beverage market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cannabis-based alcoholic beverage market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Cannabis-infused beers - Market size and forecast 2019-2024
- Cannabis-infused spirits - Market size and forecast 2019-2024
- Cannabis-infused wines - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver - Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor analysis
- Vendors covered
- Anheuser-Busch InBev
- California Dreamin'
- CannaVines
- Dutch Windmill Spirits BV
- Heineken NV
- Klosterbrauerei Weißenohe GmbH & Co.KG
- MJ Wines LLC
- Rebel Coast Winery
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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