NORTH AMERICA CANNABIS INFUSED FOOD & BEVERAGES MARKET FACTS, DEVELOPMENTS, GROW
Posted by Nikita Manwar on October 1st, 2019
GMI Research has published a new study titled “North America Cannabis Infused Food & Beverages Market by Product Type (Cannabis Infused Food and Cannabis Infused Beverages), By End-User (Online Stores, Restaurants, Cafes, and Others) and by Geography – Opportunities & Forecast, 2019-2026”, which orates the future prospects set to strike the North America Cannabis Infused Food & Beverages Market during the forecast period.
Cannabis is used as a cannabinoid drug which primarily classified in tetrahydrocannabinol (THC) and cannabidiol (CBD). THC is a psychoactive ingredient used for medical purposes only and CBD is a non-psychoactive used for a medical and non-medical purpose, from food to cosmetics. Cannabis can be taken in different forms which can be smoked, drinking, eaten, dabbing, or vaporized. Cannabis is also known as marijuana, yarndi, pot, weed, hash, dope, ganja, joint, stick, chronic, cone, choof, etc. Food products, infused with marijuana are edibles such as gummies, candies, and chocolates which is quickly becoming more popular as compared to smoking marijuana.
The significant growth driver for the cannabis-infused edible products market is the growing social acceptance of cannabis. Furthermore, cannabis infused food and beverages are made to fit into active, advance the human condition, relaxation of muscles in the body, and others. People are shifting from smoking marijuana to consuming these products, which are more harmful and lead to the growth of the cannabis infused food and beverages market. The main restraints in this market are short-term health problems such as changes in mood, difficulty with thinking and problem-solving, increased heart rate which leads to heart attack, impulsive, irritable, among others and long-term health problems such as dependence on cannabis, reduced cognitive functioning, respiratory issues, memory loss, lung irritation, among others. It is also associated with certain mental health issues such as depression, suicidal thoughts among teens, and anxiety. Even, people are unaware of the usage of cannabis. Moreover, it is difficult to measure the amount of THC, which is the active ingredient in marijuana in food products. Although, as per the Food and Drug Administration (FDA) took action for protecting the public’s health and safety from a company illegally selling CBD products as teens are getting more addicted.
Various notable players operating in the market, HEXO Corp., Canopy Growth Corp., Tilray Inc., Dixie Elixirs, Alkaline Water Company, Phivida, Coca-Cola, Neurogan, Plus Products Inc., MariMed Inc., among others. For instance, Canopy Growth continues to chase R&D projects for CBD-infused beverages for accomplishing a competitive edge.
The North America Cannabis Infused Food & Beverages Market has been segmented on the basis of product type, end user and key geography. Based on product type, the market is segmented into Cannabis Infused Food and Cannabis Infused beverages. Based on end user, the market is segmented into online stores, restaurants, cafes, and others.
The research report “North America Cannabis Infused Food & Beverages Market” provides an in-depth analysis of North America cannabis infused food & beverages Market based on product type, end user and major geography for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the North America cannabis infused food & beverages market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
Key questions answered in this research report:
By End User
Leading market players
About GMI Research
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About the AuthorNikita Manwar
Joined: September 10th, 2019
Articles Posted: 80
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