Why North America Continues to be Largest Cannabis - CBD Infused Beverage Market
PALM BEACH, Florida, April 30, 2019 /PRNewswire/ -- A recent research report conducted by Zion Market Research stated that: "The Global Cannabis Beverages Market Will Reach USD $4,464 Million By 2025". According to the report, the global cannabis beverages market was valued at approximately USD 1,613 million in 2018 and is expected to generate around USD $4,464 million by 2025, at a CAGR of around 15.6% between 2019 and 2025. By region, North America held the major share of the global market in 2018 and is estimated to dominate over the forecast period as well. The growing spending on cannabis beverages is expected to propel this regional market. For instance, in 2016, about USD 180 million was expended on edible drinks and foods containing cannabis in California. This market is mainly driven by new consumers and companies invested in the wellness and healthcare sector that want to offer smoke-free marijuana experience. According to the CDC (Centers for Disease Control and Prevention), among the adults in the U.S., the smoking rates reduced from 20.6% in 2009 to 16.8% in 2014. Moreover, the growing partnership and investments made by various regional companies for the development of cannabis beverages are likely to further propel the growth of this regional market. Active Companies from around the market with current developments this week include: Puration Inc. (OTC:PURA), HEXO Corp. (NYSE: HEXO) (TSX: HEXO), 1933 Industries Inc. (CSE: TGIF) (OTC: TGIFF), Kona Gold Solutions, Inc. (OTC: KGKG), New Age Beverages Corporation (NASDAQ: NBEV).
Europe is anticipated to hold the second position in the global cannabis beverages market in the future, owing to the rising investment for cannabis beverages and growing awareness. The Europe-based company, Coca-Cola, is diversifying into the cannabis-infused beverages segment. The Asia Pacific and the Middle East and Africa regions are expected to show high growth in the cannabis beverages market over the forecast time period, owing to the increasing footprints of companies in India, Australia, and South Africa for cannabis beverages product development.
Puration, Inc. (OTCPK:PURA) BREAKING NEWS: Puration today announced its EVERx CBD Sports Water will debut in Africa at the Arnold Sports Festival in Johannesburg, South Africa May 17-19. EVERx was officially launched for the first time ever at the Arnold Classic in Columbus, Ohio in 2017, and now EVERx expands its presence at the Arnold Sports Festival events worldwide. EVERx today is the leading CBD infused sports nutrition beverage with over $1 million in sales. EVERx is now an official sponsor of Jan Tana's Body Painting Revolution featured globally at Arnold Sports Festival venues worldwide and the EVERx booth can be found near Jan Tana's Body Painting Revolution Stage in Johannesburg.