USD 10.74 Billion
CBD Wine Market Size, Share, Growth Analysis, By Packaging(Bottles and Cans), By Distribution Channels(On-Trade and Off-Trade), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30F2037 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
59
|Figures:
77
CBD Wine Market Insights
Global CBD Wine Market size was valued at USD 10.74 Billion in 2022 and is poised to grow from USD 11.09 Billion in 2023 to USD 14.38 Billion by 2031, at a CAGR of 3.30% during the forecast period (2024-2031).
In the upcoming years, it is projected that the market would be driven by the growing popularity of novel and pre-in immunized alcoholic beverages. e-commerce sales of CBD wine have surged due to a change in consumer purchasing habits. The market for CBD wine is significantly impacted by the rising demand for CBD products on a global scale. The CBD wine industry mostly consists of two types, hemp-based CBD wine and marijuana-based CBD wine. The CBD content of hemp plants is substantially higher than that of marijuana plants, making them the more lucrative option for producers and the one with the fewest legal ramifications. The market for CBD wine is expected to earn USD 11,100,000 in 2021 and USD 112,458,2000 by 2031, with a CAGR of 27.8%. In North American nations, specifically, consumers are spending more on products with CBD and no alcohol. Global demand for CBD wine is anticipated to be driven by the potential health advantages of these products. The legalisation of cannabis, which contains CBD with moderate levels of THC, is largely responsible for CBD's rising popularity. An entirely new market for CBD wine has emerged as a result of the legalisation of cannabis production and cultivation in a number of nations.
US CBD Wine Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Bubble Tea
Fastest Growth
Bubble Tea
Growth Rate
3.30% CAGR
Global CBD Wine Market ($ Bn)
Country Share for Asia Pacific Region (%)
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CBD Wine Market Segmental Analysis
Global CBD Wine Market is segmented on the basis of source, packaging distribution channels and region. By source, the market is segmented into hemp-based cbd wine and marijuana-based wine. By packaging, the market is segmented into bottles and cans. By distribution channels, the market is segmented into on-trade and off-trade. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
CBD Wine Market Analysis by Packaging
In 2021, the category for glass bottles accounted for 85.9% of total revenue. Due to its nonporous, nontoxic surface, and excellent impermeability, glass bottles are the most used packaging type for wines. It is a great option for wine because it also effectively maintains smells and carbonation. With other materials, it's challenging to convey a sense of elegance. Due to its lengthy history as a popular packaging material, glass bottles are frequently thought of as having a classic or retro vibe.
Cans are anticipated to expand at a CAGR of 36.6% over the course of the projected period. Typically, cans are made of electro chrome-plated steel, tinned steel or aluminium. Because of its advantages, such as consumer convenience, cans are rapidly gaining popularity in the wine sector.
CBD Wine Market Analysis by Distribution Channels
The market was dominated by the off-trade sector in 2021, which accounted for 74.0% of global revenue shares. Supermarkets, hypermarkets, retail establishments, specialized shops, and e-commerce platforms are examples of off-trade distribution channels. The segment is anticipated to develop as a result of consumer preference for e-commerce. The nationwide lockout increased consumer demand for off-trade sales of CBD wines.
Throughout the projection period, the on-trade category is anticipated to grow at a CAGR of 29.7%. Outlets like bars, clubs, restaurants, hotels, coffee shops, and wine merchant's stores are included in the on-trade distribution route. Foreign travel was halted globally as a result of the lockdowns and other security measures.
Global CBD Wine Market By Packaging
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CBD Wine Market Regional Insights
Asia Pacific is predicted to experience significant growth in the worldwide market for alcoholic beverages containing cannabis. Because of its enormous popularity, rising disposable incomes, and rising alcohol consumption tendencies, nations like New Zealand, Australia, Japan, and India are requesting cannabis-based alcoholic beverages. The use of alcoholic beverages made from cannabis in the various Asia Pacific nations is anticipated to be influenced by the adoption of various western cultures and customs.
In 2021, North America was the fastest expanding market and accounted for 56.5% of worldwide sales. Due to the country's legalization of both medical and recreational marijuana, the U.S. controlled the industry. In the US, California is the state where CBD wine is most popular. The region with the greatest CBD wine consumption rates worldwide is still North America. North America has higher use of CBD products than other regions of the world because consumers there are aware of CBD and its health advantages.
Global CBD Wine Market By Region
- Largest
- Fastest
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CBD Wine Market Dynamics
CBD Wine Market Drivers
Regional Variations Provide Larger Consumer Base
- The legality of cannabis and CBD varies widely across the world, which could lead to different markets developing in different regions. Some regions may be more open to the production and consumption of CBD wine, while others may have stricter regulations. This could lead to regional differences in the types of products available, as well as in consumer preferences.
- As with any new product category, there may be a diverse range of offerings within the CBD wine market. Producers may experiment with different varietals, infusing different strains of CBD or different concentrations, as well as using different winemaking techniques
CBD Wine Market Restraints
Legal and Regulatory Challenges to Hinder Market
- The production and sale of CBD wine is subject to various legal and regulatory requirements, which can vary widely depending on the jurisdiction. Some countries and states may have strict regulations surrounding the use of CBD in food and beverage products, which could limit the production and distribution of CBD wine.
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CBD Wine Market Competitive Landscape
To expand their global market share, major manufacturers are concentrating more on creating new wines. One of the primary tactics used by the players to solidify their position in the market and increase their market share is mergers and acquisitions. Other important strategies include new product releases, innovation, geographic expansion, and acquisitions.
CBD Wine Market Top Player’s Company Profiles
- Winabis (Spain)
- Mary Jane's Wines (Canada)
- Tarukino (USA)
- Cana Wines (USA)
- Cannawine (Spain)
- Marlee-Jo Wine Company (Canada)
- Saka Wines (USA)
- CBD Wines (USA)
- Swirl Wines (USA)
- Grüner (USA)
- Le Grand Courtage (France)
- Zena Wines (USA)
- Bitchin' Wines (USA)
- Moody 33 (USA)
- Rebel Wines (UK)
- Wine & Weed Symposium (USA)
- Maka Wines (USA)
- Acreage Holdings (USA)
- Province Brands of Canada (Canada)
CBD Wine Market Recent Developments
- In January 2023, Hilltop Leaf, a medical marijuana business, received a USD 2 million investment.
- In August 2022, Companies big and small are investing more than 1.2 billion baht (USD 35 million) in Thailand's marijuana and hemp industries in an effort to profit from the legalising of the use and production of the plants.
- In May 2022, the award-winning, alcohol-free, cannabis-infused wines from Napa Valley's House of Saka, Inc. have announced today that they have obtained the exclusive North American rights to manufacture and market Gem + Jane cannabis-infused beverages from Vintage Wine Estates.
CBD Wine Key Market Trends
- The global CBD market is expected to continue to grow, driven by increasing consumer interest in the potential health benefits of CBD. As a result, there could be increased demand for CBD-infused wine and other beverages.
CBD Wine Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global CBD wine market is an emerging sector that has the potential for significant growth in the coming years. CBD, or cannabidiol, is a non-psychoactive compound derived from the hemp plant, and it has been touted for its potential health benefits, including its ability to reduce anxiety and inflammation. CBD wine is a relatively new product that combines the health benefits of CBD with the popular and well-established market for wine. While the global CBD wine market is still in its early stages, there is growing interest among consumers in CBD-infused products, including beverages. However, there are several challenges that CBD wine producers will need to navigate, including regulatory and legal issues related to the production and distribution of CBD products. The global CBD wine market is an emerging sector with significant potential for growth, but it will be important for producers to stay up-to-date with the latest trends and challenges in order to succeed in this new and rapidly evolving market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10.74 Billion |
| Market size value in 2031 | USD 14.38 Billion |
| Growth Rate | 3.30% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on CBD Wine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on CBD Wine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the CBD Wine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the CBD Wine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the CBD Wine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the CBD Wine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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