Cannabis Infused Drinks Market: Global Research, Taxonomy, Outlook, Trends and Forecast by 2025
Cannabis has become the buzz word in
the beverage industry, and mainstream companies are already taking strides in
the CBD- and/or THC-infused drinks landscape. According to a new study, the
global sales of cannabis infused drinks will surpass US$ 200 Mn in 2019. While
the legalization of marijuana in over 10 states of the U.S. sparked a wave of
innovative product launches in the edibles space, the second wave of
recreational marijuana legalization resulted in a lawful emergence and
proliferation of cannabis infused beverages – alcoholic and non-alcoholic.
The study finds a remarkable uptick
in consumer preference for ‘non-alcoholic’ category, which range from
functional drinks, tea and coffee, to juices. Although the non-alcoholic
category currently accounts for meagre shares of cannabis infused drinks
market, prospects are expected to be bullish as the permeation of recreational
marijuana gradually grows, and players tap the opportune potential in the
demographic group that cringes away from alcohol consumption. According to the
study, sales of non-alcoholic cannabis infused drinks will record a 30% Y-o-Y
in 2019 over 2018.
THC-infused drinks have been the
first preference among consumers, however CBD-infused drinks have also gained
sheer traction in the recent past. These two cannabinoid categories are
estimated to account for over 70% sales of cannabis infused drinks worldwide in
2019. However, the study opines that hybrid cannabis infused drinks that
contain both CBD and THC strains will pick up pace gradually – estimated to
register a 40% Y-o-Y in 2019 over 2018.
For large beverage manufacturers,
the push into cannabis initiated by the fear of missing out; and the current
boom in pot investment by leading beverage companies is driven by the already
trending shift of millennials from the usual wine or cocktails to
cannabis-infused beverages, beer in particular. Availability continues to be a
key sales propellant of cannabis infused drinks, as these beverages are
approved to be sold in modern trade chains across regions where marijuana has been
legalized for medicinal and recreational use.
Leveraging emerging technology, while tracking trends in mainstream beverage industries, in order to introduce innovative variants, continue to remain key expansion strategies of players in the cannabis infused drinks market. Additionally, the growing consumer preference for cannabis-infused products, which impart particular effects has been hard-pressing leading beverage companies in offering a diverse variety of THC as well as CBD dosages in their product offerings. A greater emphasis on organic and naturally-sourced ingredients continues to mold prospects of the cannabis infused drinks market.
Fired Heaters Market
The Global Fired Heaters market
report is a recent research, offers critical insight into the market dynamic.
This report also assays delicate market issue such as drivers, restraints, and
opportunities along with their effect on the growth of the market. The report
also discloses the analysis of present industry trends and opportunities of the
market. Furthermore, the market insight offered in this report covers
exhaustive study and valuable insight on comprehensive profiles of the key
players in the market and crucial view of the competitive landscape worldwide.
Global Fired Heaters market witnessed
a market value of USD XX Million in 2018 and is estimated to reach USD XX
million in 2025, registering a compound annual growth rate (CAGR) of XX%
between 2018 and 2025. The report analyses the market by geographies i.e. North
America, Europe, Asia Pacific, Latin America & Middle East & Africa.
Further, the geographies are fragmented into the country and regional
groupings:
This report focuses on Fired Heaters
volume and value at global level, regional level and company level. From a
global perspective, this report represents overall Fired Heaters market size by
analyzing historical data and future prospect. Regionally, this report focuses
on several key regions: North America, Europe, China and Japan.
Key players operating in the fired
heaters market, as profiled in the study, include AbsolutAire, Inc.,
TechEngineering S.r.l., Optimized Process Furnaces, Inc., G.C. Broach Company,
Thermax, Exotherm Corporation, Amec Foster Wheeler, Sigma Thermal, Hetsco Inc.,
Unit Birwelco Group, and Boustead International Heaters Ltd.
Global Fired Heaters Market
Segmentation:
The research offers a comprehensive
analysis of global Fired Heaters market with respect to following sub-markets:
Based on Product Type
- Direct-fired heaters
- - - Reformer
- - - Hydrocracker
- - - Gas Oil Hydrotreater
- - - Crude Distillation
- - - Vacuum Distillation
- - - Others
- Indirect fired heaters
Based on Configuration
- Vertical cylindrical
- Horizontal cylindrical
- Cabin type
Based on Heating Capacity
- Upto 10 MMBtu/hr
- 11-50 MMBtu/hr
- Above 50 MMBtu/hr
Based on End-use Sector
- Chemical
- Petrochemical
Based on Geographically
North America
Europe
China
Japan
India
Southeast Asia
Other regions (Central & South America, Middle East & Africa)