- New numbers project that cannabis beverage market will reach $2.8 billion by 2025
- Increasing demand for the health and wellness drinks is contributing to market growth
- BevCanna’s scalable, flexible manufacturing process provides white label solutions for third-party companies
A new report that forecasts the cannabis beverage market will grow at 17.85% CAGR by 2025 has companies such as BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) anticipating increased numbers as well (https://ibn.fm/zh9Pa). A leader in the space, BevCanna is looking to leverage its position in the growing market as a white label manufacturer of infused-cannabis beverage brands.
According to a recent Million Insights study, the global cannabis beverages market is estimated to reach $2.8 billion by 2025 and is projected to grow at a CAGR of 17.8% from 2019 to 2025. “The increasing demand for the health and wellness drink is boosting the market growth,” the report states. “Additionally, the increasing acceptance of cannabis for medical purposes in various countries is expected to increase the production of cannabis beverages.”
The report pointed to cannabis drinks to “help treat cancer, pain and neurological disorders. Further, the increasing interest of consumers for cannabis edible is expected to indirectly drive the cannabis beverage market growth. Consumers are shifting from smoking cannabis to tinctures, chocolates, edibles and other beverages,” the report states. “All these key factors are anticipated to foster the demand for the product in the next few years.”
Another insight offered by the report is the rising demand for cannabis drinks from cafes, restaurants, lounges and club as “the changing consumer preference and decline in the sale of alcoholic drinks is increasing beverage consumption.”
All these factors combine to fuel the anticipated growth in the expanding cannabis beverage market. Because BevCanna is a diversified health and wellness beverage and natural products company, the company is particularly well qualified to meet the demand for these types of drinks. In addition, the BevCanna team boasts decades of experience creating, branding and distributing wellness and recreational beverages that resonate with consumers on a global scale.
Utilizing this unique expertise, BevCanna manufactures its own product lines: Pure Therapy and TRACE. Pure Therapy is a direct-to-consumer e-commerce brand that markets a range of natural health products, including nutraceuticals and hemp-based cannabidiol (“CBD”) products, throughout North America. BevCanna’s TRACE product line features unique and ancient minerals that offer a broad range of wellness properties including immune function, cognitive performance, and gut health.
In addition, the company’s scalable and flexible manufacturing process provides white label solutions for third-party companies looking to enter this promising space with the highest-quality products available. A manufacturer of traditional and cannabis-infused beverage brands, the company is serving a growing roster of white-label clients.
For more information, visit the company’s website at www.BevCanna.com.
NOTE TO INVESTORS: The latest news and updates relating to BVNNF are available in the company’s newsroom at http://ibn.fm/BVNNF