CBD Water Market Trends & Forecast - 2024 to 2031
The Global CBD Water Market reached US$ 3.14 billion in 2023 and is projected to reach US$ 4.92 billion by 2031, with a CAGR of 5.8% during the forecast period from 2024 to 2031
The market is experiencing significant growth due to increasing consumer awareness of CBD and its potential health benefits. CBD water, positioned as a functional beverage with wellness benefits, is gaining popularity, contributing to the market's expansion.
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Market Trends
The market for CBD water is driven by a surge in consumer awareness about CBD and its non-psychoactive nature. This has led to increased demand for CBD-infused products, including CBD water. Companies are actively educating consumers about the therapeutic properties of CBD through marketing campaigns, further boosting market growth. For example, Cloud Water Brands introduced a new flavor, Aztec Chocolate & Strawberry, in 2020, expanding its distribution through partnerships with key distributors in various regions.
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Regional Analysis
North America holds the largest market share in the global CBD water market, driven by early adoption and favorable regulatory environments in the U.S. and Canada. The region's consumers exhibit high awareness and acceptance of CBD products, contributing to widespread adoption. The Asia-Pacific region is the fastest-growing market, with significant investments in product development and marketing strategies to increase consumer awareness.
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Market Segmentation
By Type: Industrial Hemp-Derived, Medical Marijuana-Derived
By Source: Marijuana, Hemp
By Distribution Channel: Offline, Online
Key Players in CBD Water Market:
- Dime Water, Inc.
- Water for Living LLC
- Altum Asia Limited
- Fusion CBD Products
- Canna Nano CBD
- Cannabinoid Creations
- BIOTA Biosciences LLC
- CannaGlobe, LLC
- Karma Culture LLC
- Liquid 4 Life
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