Report ID: SQMIG30F2037
CBD Wine Market Size, Share, Growth Analysis, By Packaging(Bottles and Cans), By Distribution Channels(On-Trade and Off-Trade), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG30F2037 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
59 |
Figures:
77
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.
CBD Wine Market Report Snapshots
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