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Global Cannabis Beverage Market Predicted to Reach $2 Billion by 2026
As the COVID-19 pandemic continues, the global market for cannabis beverages estimated at $799.8 million 2020, is projected to reach a revised size of $2 billion by 2026, growing at a CAGR of 16.9%, according to the “Global Cannabis Beverages Industry” report issued on Friday by Reportlinker.com, an AI-based award-winning market research solution.
Meanwhile, the non-alcoholic segment is projected to grow at a 17.5% CAGR to reach$1.6 billion by 2026.
Asia-Pacific is forecast to reach an estimated market size of $146.7 million in 2026 trailing a CAGR of 14.2% through the analysis period.
These regional markets accounting for a combined market size of $422.5 million in 2020 will reach a projected size of $1.2 billion by 2026.
The market in Asia-Pacific is forecast to reach $76.6 million by 2026.