Hemp Beer Market – Global Industry Size, Share, Trends, Competition Forecast and Opportunities, 2018-2028, Segmented By Type (Alcoholic and Non-Alcoholic), By Component (Cannabidiol (CBD), Tetrahydrocannabinol (THC)), By Distribution Channel (Online and Offline), By Region
Published on: 2024-10-28 | No of Pages : 320 | Industry : Consumer Goods and Retail
Publisher : MIR | Format : PDF&Excel
Hemp Beer Market – Global Industry Size, Share, Trends, Competition Forecast and Opportunities, 2018-2028, Segmented By Type (Alcoholic and Non-Alcoholic), By Component (Cannabidiol (CBD), Tetrahydrocannabinol (THC)), By Distribution Channel (Online and Offline), By Region
The global hemp beer market is driven by propelling demand and awareness of the health benefits of hemp seeds among consumers and the availability of varieties of flavors in hemp beer. Furthermore companies are expanding their product portfolio with constant investment in research and development in order to attract a consumer base.
A type of beer called hemp beer contains components from the cannabis plant. Instead of using hemp directly in the brewing process, hemp products, including seeds, which are added later as a flavoring.
Based on then-current German beer purity standards, breweries follow a basic formula for their brews that includes water, hops, barley or malt, and yeast. Hemp keeps a complementary, but distinct flavor in beers made with hops because of their close kinship as plants.
The processing of hemp beer differs from category to category. For instance, certain hemp beers are hopped, but not all hemp beers are hopped before being initially prepared at some stage in the process. However, after boiling, a brew is typically infused with hemp and left to rest for a few weeks so the yeast may ferment and the hemp can absorb flavor.
According to the 2018 farm bill, hemp in the United States must contain no more than 0.3 percent THC. The low THC concentration of 0.3 percent is insufficient to cause psych activity
Cannabis is a well-known plant that has gained popularity for its many therapeutic and medical uses. Alcoholic beverages like vodka, wine, whiskey, gin, and beer are infused with cannabis flowers, hemp seeds, cannabidiol, and tetrahydrocannabinol (THC) to create cannabis-based alcoholic beverages. In the upcoming years, it is projected that the market will be driven by the growing popularity of novel and preimmunized alcoholic beverages.
Compared to marijuana, which has more than 20% psychoactive drug content, they have less than 1%.
Due to the closure, there was a restraint in the supply of hemp beer around the globe, the COVID-19 outbreak had a significant influence on overall industry growth. But government easing on enforced lockdowns, followed by the restart of industries and operations, have accelerated market expansion. Also, countries like the US, India and Thailand have started producing more hemp.
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Hemp seeds are a great source of minerals and vitamins such as phosphorus, potassium, sodium, iron, zinc, sodium, magnesium, sulfur, and calcium. The market is influenced by the growth drivers such as the inclusion of hemp in beverages in the right amounts and the reduced sugar content within the product. Cannabis-infused beverages will become more and more popular as more nations legalize the use of marijuana for both medical and recreational uses. The use of cannabis to treat neurological disorders, cancer, and pain will also spur market expansion. Moreover, hemp consumers are turning away from smoking hemp and shifting towards hemp-based products such as drinks, chocolates, and tinctures, which is further encouraging market expansion.
Rising Demand from the United States is Fueling the Market Growth
Hemp has been in the American market for many years, as hemp is legal in the State, and brands are continuously providing hemp beer with different flavors such as myrcene + fruity flavors, Pinene + Herb-Rich, and Limonene + Fresh Flavors. Companies such as Sprig Products LLC and Ceria, Inc are the major players in the United States Hemp beer market.
Seed Infused with Protein is Aiding the Market Growth
. Hemp seeds provide roughly 3 grams of protein per tablespoon, which is comparable to one serving of soybeans.
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Market Segmentation
The global hemp beer market is segmented based on type, component, distribution channel, region, and competitional landscape. Based on type, the market is further fragmented into alcoholic, non-alcoholic. In terms of component the market is divided into cannabidiol (CBD) and tetrahydrocannabinol (THC). Based on distribution channel the market is segmented into online and offline..
Company Profiles
Canopy Growth Corporation,
Attribute | Details |
Base Year | 2022 |
Historical Years | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Billion and CAGR for 2018-2021 and 2023E-2028F |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Type· Component· Distribution Channel· Region |
Regional Scope | Asia-Pacific, North America, Europe, Middle East & Africa and South America |
Country Scope | China, Japan, India, Australia, New Zealand, South Korea, Thailand, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Netherland, Switzerland, Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Brazil, Argentina, Colombia |
Key Companies Profiled | Canopy Growth Corporation, Heineken N.V., Sprig Products LLC, Ceria, Inc, Two Roots Brewing Co, Flying Dog Brewery, LLLP, BevCanna Enterprises Inc. (Keef Brands), Coalition Brewing Co Ltd., dupetit Natural Products GmbH, Anheuser-Busch Companies LLC, etc |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope
In this report, the global hemp beer market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Hemp Beer Market, By Type
- Alcoholic
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- Hemp Beer Market, By Component
- Cannabidiol (CBD)
- Tetrahydrocannabinol (THC)
- Hemp Beer Market, By Distribution Channel
- Online
- Offline
- Hemp Beer Market, By Region
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- New Zealand
- Thailand
- North America
- The United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Netherlands
- Switzerland
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Qatar
- Kuwait
- South America
- Brazil
- Argentina
- Colombia