Data Bridge Market research has recently released expansive research titled "Global Hemp Beer Market" guarantees you will remain better informed than your competition. This study provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. Hemp Beer market research report is composed of myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. In addition, businesses can gain insights into profit growth and sustainability programme with this report. Business intelligence is an essential aspect when it comes to accomplish thorough and wide-ranging market insights and the same is applied for producing Hemp Beer market report.
Data Bridge Market Research analyses that the hemp beer market was valued at USD 3.43 billion in 2021 and is expected to reach the value of USD 5.76 billion by 2029, at a CAGR of 6.70% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Market Definition
Hemp beer refer to small, brown beer of the Cannabis Sativa plant. They contain less than 1% of psychoactive drugs, whereas marijuana contains more than 20%. Hemp beer are an excellent source of easily digestible proteins, fibres, amino acids, antioxidants, essential fats, iron, and vitamins.
Hemp Beer Market Scope and Segmentation
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REPORT METRIC |
DETAILS |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Alcoholic and Non-Alcoholic), Component (Cannabidiol (CBD) and Tetrahydrocannabinol (THC)), Distribution Channel (Direct, Indirect) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Canopy Growth Corporation (Canada), Heineken (Netherlands), Sprig (U.S.), Ceria Infused (U.S.), Two Roots Brewing Co (U.S.), Flying Dog Brewery (U.S.), Keef Brand (U.S.), Coalition Brewing (U.K.), dupetit Natural Products GmbH (Germany), Anheuser-Busch Companies LLC (Belgium), Green Times Brewing (U.K.), HEMPER (U.S.) |
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Opportunities |
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Global Hemp Beer Market Dynamics
Drivers
- Consumers shift of consuming hemp from smoking towards beverage or other edible product
The presence of appropriate amounts of hemp in the beverages, as well as the presence of low sugar content in the products, are major factors driving market growth. Legalization of marijuana use for recreational and medical purposes in many countries will drive the production and demand for cannabis infused beverages. The use of cannabis to treat cancer, pain, and neurological disorders will also boost market growth. Hemp consumers will shift their focus away from smoking hemp and toward other products such as beverages, chocolates, and tinctures, thereby supporting market growth.
- Growing demand for hemp based nutraceuticals and personal care products
Hemp is a versatile plant whose ingredients are used to make nutritious food. It is related to Cannabis and is a member of the same family. They outperform chia and flax seeds as they contain both GLA (gamma-linoleic acid) and CLA (conjugated linoleic acid). It also has a healthy fatty acid ratio, 10 essential amino acids, and is high in dietary fibres. The main vitamins found in hemp are phosphorus, potassium, sodium, magnesium, sulphur, calcium, iron, and zinc. Furthermore, hemp is considered allergy-free when compared to other plant protein sources.
Opportunities
Alcohol companies are shifting their focus to hemp to capture a larger market share through R&D activities and new product launches to attract customers and increase sales, which will create growth opportunities for the hemp beer market during the forecast period. The growing consumer demand for sustainable goods, combined with corporate and government initiatives and support, is expected to fuel the growth of hemp-based products.
Restraints
However, the high production cost and strict regulation and policies are expected to act as a restraint on the growth of the hemp beer market. In contrast, the easy availability of substitute sources may pose a challenge to the market's growth.
This hemp beer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hemp beer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In May 2019, GenCanna and Atalo Holdings formed a strategic partnership to build a vertically integrated hemp processing and distribution facility in Kentucky.
- In May 2019, GenCanna and Thar PArocess announced a collaboration to bring the new CO2 hemp extraction technology to market.
- in January 2019, Hemp Inc. formed a joint venture with Hemp Healthcare to sell high-end CBD and hemp-based products, expanding the company's presence in Arizona.
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Hemp Beer Market, By Region:
The hemp beer market is analysed and market size insights and trends are provided by country, type, component and distribution channel as referenced above.
The countries covered in the hemp beer market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the hemp beer market due to the legalization of cannabis for medical and recreational purposes, which is a major factor in the region's growth. Marijuana use for medical and recreational purposes is now legal in Canada. 13 states in the United States allow the use of low THC and high CBD products for medical purposes.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Reasons to Consider This Report:
- Save the time and resources required for entry level research by getting an insight into the leading players and segments of global Hemp Beer market.
- The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
- The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the Hemp Beer Market thereby enabling players to develop effective long term strategies in order to garner their market revenue.
- Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Queries Resolved In This Report:
- Which will be the specialties at which Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set a nearness?
- Which will be the foreseen development rates for your own economy out and out and furthermore for each portion inside?
- Which will be the application and sorts and estimate joined intently by makers?
- What will be the dangers that will attack growth?
- The length of the global market opportunity?
- How does Market share advance vacillations their value from various assembling brands?
Table of Contents: Global Hemp Beer Market
Introduction
Market Segmentation
Executive Summary
Premium Insight
Market Overview
Covid-19 Impact on Hemp Beerin Healthcare Industry
Global Hemp Beer Market, by Product Type
Global Hemp Beer Market, by Modality
Global Hemp Beer Market, by Type
Global Hemp Beer Market, by Mode
Global Hemp Beer Market, by End User
Global Hemp Beer Market, by Geography
Global Hemp Beer Market, Company Landscape
Swot Analysis
Company Profiles
Questionnaire
Related Reports
Check Complete Table of Contents with List of Table and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=global-hemp-beer-market
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