Cannabis Beverages Market Size

Cannabis Beverages Market size was valued at USD 3.05 billion in 2024 and is expected to reach USD 1.01 trillion by 2037, registering around 56.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of cannabis beverages is assessed at USD 4.51 billion.

Cannabis or marijuana is a budding plant, belonging to the family of Cannabaceae. In several parts of the world, marijuana has been well-known for its use in psychoactive drugs and therapeutic use. For a long time, the use of cannabis was mostly restricted to medical purposes. However, in the last few years, the usage of marijuana has stretched out to consumable drinks such as cannabis-based beverages. Cannabis-based beverage companies have arrived in the marketplace to supply and cater the growing demand for cannabis-infused products. The recreational use of cannabis is far superior as compared to the medicinal usage, keeping illegal consumption into consideration.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of cannabis beverages is assessed at USD 4.51 billion.

Cannabis Beverages Market size was valued at USD 3.05 billion in 2024 and is expected to reach USD 1.01 trillion by 2037, registering around 56.2% CAGR during the forecast period i.e., between 2025-2037.

North America industry is expected to hold largest revenue share by 2037, attributed to growing spending on cannabis beverages, the prevalence of legislation norms, and presence of many private players in the region.

The major players in the market are Aurora Cannabis, Aphria Inc., Canopy Growth Corporation, Cronos Group, MedReleaf Corp., GW Pharmaceuticals plc., CannTrust Holdings Inc., VIVO Cannabis Inc., Tilray, Organigram Holdings Inc., and others.

Cannabis Beverages Market Size