Market Overview:
The Global Cannabis-Infused Beer Market is estimated at USD 186.23 Million in the year 2022 and is projected to reach a revised size of USD 814.20 Million by 2030, growing at a CAGR of 20.25% over the period 2023-2030.
Cannabis-Infused Beer, brewed with CBD or THC from the cannabis plant, has gained popularity with the increasing legalization of recreational cannabis. It is made similarly to traditional beer but uses cannabis oils, stems, or roots during brewing. The industry has seen healthy growth, especially in North America, with low-dose servings and herbaceous flavors appealing to beer drinkers. With the global cannabis market reaching billions in spending, many cannabis companies have ventured into producing cannabis-infused beverages, including beer, tea, and carbonated drinks infused with THC and CBD.
Top Key Players for Cannabis-Infused Beer Market:
Anheuser-Busch InBev (Belgium), Heineken (Netherlands), CERIA Brewing Company (US), Two Roots Brewing Co (US), Canopy Growth Corporation (Canada), New Belgium Brewing Company (US), Green Times Brewing (UK), Humboldt Brewing Company (US), Long Trail Brewing Company (US), Coalition Brewing Company Ltd (UK), Hemper(US), Flying Dog Brewery (US), Keef Brand (US), Dupetit Natural Products GmbH (Germany) and Other Major Players
Market Dynamics and Factors for the Cannabis-Infused Beer Market:
Drivers:
Growing Popularity of Cannabis-Infused Products Supported by Liberal Social Policies In Many Countries.
The global cannabis market is rapidly evolving, driven by increasing medical and recreational marijuana legalization in 70 countries with lenient social policies. With billions invested in the industry, companies focus on cannabis products derived from medical marijuana, including edibles and cannabis-infused drinks, which are gaining popularity. Changing societal views on cannabis have further boosted the industry, with dispensaries being essential during the pandemic and countries like Malta legalizing recreational use. This shift has resulted in the global cannabis industry generating over $20 billion annually in legal sales, with the US leading as the largest market, generating over $16 billion in 2020. This growing influence of cannabis is also driving sales of related products, such as cannabis-infused beer, as seen in the increasing number of new products on shelves in states like California.
Opportunities:
Increasing Cannabis Consumption And Advancing Legalization In Various Regions Are Leading To The Establishment Of Larger Regulated Cannabis Markets.
Europe and North America dominate the global cannabis market, witnessing substantial growth in cannabis equity capital, rising from USD 7.5 million in 2020 to USD 19.1 million in 2021, a growth of approximately 165%. New legislation and referendums in legalized regions create opportunities for expanding markets in the cannabis industry. The market is also fueled by the increasing popularity of cannabis products, especially among women who contribute to 60% of sales. Kraft beer makers are focusing on healthy non-alcoholic cannabis-infused beers, leading to the introduction of numerous new products and technologies to cater to consumer preferences.
Segmentation Analysis of the Cannabis-Infused Beer Market:
By Type, the Non-Alcoholic segment is Anticipated to Dominate the Market Over the Forecast period. Non-alcoholic cannabis-infused beers have captured the largest market share due to widespread production and adoption.
By Component, the market for Cannabis-Infused Beer is dominated by Cannabidiol (CBD) due to its non-psychoactive properties and growing popularity in various wellness products.
Regional Analysis of the Cannabis-Infused Beer Market:
North America is expected to maintain its dominance in the global cannabis market during the forecast period due to the increasing adoption and legalization of marijuana in the region. The success of cannabis products in North America, including cannabis-infused beer, is driven by rising capital investments and a growing number of cannabis consumers. The legalization of marijuana in several U.S. states has created opportunities for craft brewers to experiment with THC- and CBD-infused beer.
Key Industry Development:
In November 2021, Two Roots Brewing a non-alcoholic craft beer maker, and Truss Beverage Co. a cannabis beverage company announced a partnership to Bring Cannabis-infused, non-alcoholic beer to Canada. The beer products will be launched under Truss’ new Bedfellows Liquid Arts brand with two THC and CBD-infused beers - Bedfellows Haus Mates and Bedfellows Indie Pals.
In August 2021, SWADE Cannabis and Phytos Cannabis, under the parent company BeLeaf Medical, announced a partnership with O'Fallon Brewery to launch a non-alcoholic, THC-infused brew, MOHI. MOHI is a wheat ale with notes of orange, citrus, and vanilla and the nano-emulsified THC, the beer provides consumers with a faster onset of 15 minutes.
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
