Global CBD Water Market by Product Type (Hemp-Infused, Marijuana-Infused) By Distribution Channel (Online, Offline), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Global CBD Water Market is expected to be driven

Market.US announces publication of its most recently generated research report titled, “Global CBD Water Market by Product Type (Hemp-Infused and Marijuana-Infused) By Distribution Channel (Online and Offline) – Global Forecast to 2031”, which offers a holistic view of Global CBD Water Market through systematic segmentation that covers every aspect of the target market.

Global CBD Water Market is projected to be US$ 2,153.3 Mn in 2021 to reach US$ 7,636.3 Mn by 2031 at a CAGR of 13.8%.

Cannabidiol (CBD) is a non-psychoactive chemical derived from the leaves and flowers of the marijuana plant. It is a 21-carbon terpenophenolic compound which is formed following decarboxylation from a cannabidiolic acid precursor. CBD water can be used for its potential health benefits, such as promoting relaxation and supporting joint health.

Research has shown that when combined with a high pH alkaline water, not only does CBD water deliver anticipated benefits of higher hydration levels and increased mineral consumption, but it also effectively safeguards the active CBD to produce a far more effective solution.

Research and development activities, as well as the legalization of these types of products across various nations, create profitable opportunities for the various market players in the CBD water industry. National, as well as regional government initiatives and support, are powerful and influential elements of the CBD industry’s development.

Global CBD Water Market Revenue (US$ Mn), 2020–2031

CBD water potentially allows for rapid bioavailability and increased absorption of the CBD. Some CBD water may also be infused with additional antioxidants, which can give immune system a boost. Possible benefits include faster recovery time and reduced muscle pain. These factors are expected to bolster this global market’s revenue over a stipulated period.

The COVID-19 pandemic has resulted in the slowdown of critical trade activities across several countries. The primary factor behind this slowdown are various countermeasures adopted by respective countries to curb the trajectory of this virus.

As major economies enforce precautionary lockdowns, a considerable gap between market supply and demand is being created, resulting in increased difficulties for both manufacturers and distributors to effectively manage their respective operations. This is a primary factor that is anticipated to influence future prospects for revenue growth. However, as these lockdowns are gradually lifted, and economies begin to recover, this market is expected to regress to its post-COVID state.

Global CBD Water Market Attractiveness Analysis by Product Type, 2015–2031

The CBD water market is highly competitive with continuous product and technological developments. Industry players are also focusing on strategic collaborations and agreements to expand their respective geographic footprint and to intensify market competitiveness. The global CBD water mаrkеt is segmented on the basis of product type, distribution channel, and regions.

In terms of product type market segmentation, the global CBD water mаrkеt is sub-segmented into – Hemp-Infused, and marijuana-infused. With respect to product type market segmentation, the Hemp-infused sub-segment is expected to account for a majority revenue share (90.7%) of this target market by 2021. Based on the distribution channel market segmentation aspect, the global CBD water mаrkеt is sub-segmented into – online & offline. The offline sub-segment is projected to register a high rate of revenue growth over the forecast period.

On the basis of region, the global CBD water mаrkеt is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Among these aforementioned regions, the markets in North America are expected to account for the majority revenue share of the global CBD water mаrkеt over the forecast period.

The research report on global CBD water market includes profiles of some of the major companies such as

• Isodiol International Inc.
• CBD Living
• Mountjoy Enterprises Inc.
• DRAM Apothecary
• CBD American Shaman
• Kalo
• Sweet Reason Beverage Company
• BevCanna Enterprises Inc.
• Fusion CBD Products
• Alphagreen Group Limited
• MAD TASTY
• others

Segmentation for Global CBD Water Market Based on Product Type, Distribution Channel, and Region

Based on Product Type

• Hemp-Infused
• Marijuana-Infused

Based on Distribution Channel

• Offline
  • Supermarkets/Hypermarkets
  • Specialty/Retail Stores
• Online
  • E-commerce Websites
  • Company-Owned Websites

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

For the CBD Water Market research study, the following years have been considered to estimate the market size: