Hemp-Infused Seltzers Market Segmented By Organic, Conventional Nature in Alcoholic and Non-Alcoholic Type in Food and Beverages Industry, Foodservice Industry, Pharmaceutical
Industry: Food and Beverages
Format: PPT*, PDF, EXCEL
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Report Type: Ongoing
Report ID: PMRREP32648
Hemp-Infused Seltzerss is hemp-infused edible beverages that contain cannabis extract as an active ingredient. The consumers' shift from regular soft drinks to health drinks is expected to proliferate the demand for the hemp-infused beverages market.
According to the latest research by Persistence Market Research, the Hemp-Infused Seltzers market is set to witness steady growth during 2021-2031. Increasing demand for beverages made from hemp, with growing awareness of their nutritional benefits is expected to grow with significant CAGR.
The increasing demand and growing popularity of health and wellness beverages are expected to trigger the global Hemp-Infused Seltzers market. With the advancement of new technologies and innovative experiments in the cannabis sector, the consumption of hemp-infused drinks is increasing which has developed many opportunities for the market key players in the beverages industry.
In the last few years, cannabis has been legalized in many countries due to its medicinal benefits. Major beverage industries are paying attention and are developing cannabis-infused drinks. Hemp is one of the most used cannabis for manufacturing drinks as it has lot many health benefits, such as hemp seeds reduces the risk of heart diseases, mental disorders, improves the immune system, high in protein, and others.
Furthermore, consumers demand instant, feel-good beverage that gives the powerful wellness benefits of hemp-derived cannabinoids without derailing the day is expected to drive the market soon.
The rising demand for various options in hemp drinks with flavors for taste is further fueling the demand for Hemp-Infused Seltzers. The products come in various forms and flavors that give a relaxing experience, which is increasingly contributing to the growth of the industry.
Furthermore, manufacturers in the beverages sector are focusing on the need to diversify the product portfolio and to enhance the taste of current products, which is likely to help the market growth in the forecast time.
Also, the demand is anticipated to further propel the continuous innovation towards the development of new flavors and the growing demand Hemp-Infused Seltzers.
The covid-19 pandemic has severely affected this market in western regions. A lot of operators had been severely impacted during the lockdown due to the unavailability of recognition and disruption in the supply chain. These were some of the main causes of the fall of the hemp-infused drinks market.
Apart from these, many consumers stopped buying CBD-infused beverages due to lack of knowledge, and fear of covid-19 in the earlier part of the pandemic. These things impacted not only the hemp-infused drinks market but also the overall beverage market. Now the things have changed a little in the last couple of months. People know much more about the covid-19, taking all the precautions and markets are now open in most of the regions up to certain limits.
According to the research of Persistence Market Research, Region-wise, North America is expected to grow with a significant share in the industry. Within North America, the US accounts for a major market share owing to the thriving beverages industry in the region.
In recent years, CBD has been legalized in many parts of the US, and this has increased the sales of cannabis-infused drinks among millennials. The continued deregulation and social acceptance have continued to impact consumer’s interest in CBD-infused drinks.
Americans are cutting back on booze and this has created the demand for weed drinks that has easily been incorporated into their social lives. The changing preferences and government regulations are driving the market in the region.
In the Asia Pacific region, many countries have not legalized the use of CBD, yet they are being legalized for their medical use. So the manufacturers are focusing to produce more drinks suitable for the patients. The improvement in analysis and development in the cannabis sector is expected to increase the demand in developing countries.
There are many manufacturers and suppliers which are connected with Hemp-Infused Seltzers markets such as
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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