cannabis in food and beverage

The intersection of cannabis and the food and beverage market has given rise to a dynamic market, offering consumers innovative products that blend culinary experiences with the potential benefits of cannabinoids. As this market continues to grow and evolve, it’s essential to recognize the key players who are shaping its development. 

The market was valued at USD 463.41 million in 2023 and is expected to grow at a CAGR of 26.1%, generating a revenue of USD 3,411.43 million by 2032. In this blog, we’ll introduce you to the top 10 key players in the cannabis in food and beverage market, highlighting their establishment, headquarters, and contributions to the sector.

  1. Alkaline88

Establishment: 2012

Headquarters: Scottsdale, Arizona

Alkaline88 is a leading producer of premium alkaline water, and they have ventured into the cannabis-infused beverage sector. Their expertise in producing high-quality beverages has positioned them to explore the integration of cannabis compounds into their products.

  1. LLC

Headquarters: San Francisco, California

LLC is a significant player in the cannabis-infused beverage space. They focus on creating a range of cannabis beverages with varying formulations, catering to different consumer preferences and desired effects.

  1. Beverages Trade Network

Headquarters: USA

Beverages Trade Network is a platform that connects beverage producers, distributors, and other industry players. They play a role in facilitating the distribution and growth of cannabis-infused beverages in the market.

  1. Cannabis Sativa Inc.

Establishment: 2005

Headquarters: Mesquite, Nevada

Cannabis Sativa Inc. explores various aspects of the cannabis industry, including research, development, and marketing of products. They have been involved in developing and marketing cannabis-infused functional beverages.

  1. Dixie Brands Inc.

Establishment: 2010

Also Read:  Processing And Preserving Food With Acidity Regulators Market

Headquarters: Denver, Colorado

Dixie Brands Inc. specializes in creating cannabis-infused products, including beverages and edibles. Their range of offerings in the cannabis in food and beverage market showcases their commitment to innovation and consumer preferences.

  1. Cannara Biotech

Headquarters: Montréal, Canada

Cannara Biotech is a Canadian company that focuses on cannabis cultivation. Their involvement in cannabis production has paved the way for exploring the incorporation of cannabis derivatives into the food and beverage sector.

  1. CannTrust Holdings Inc.

Establishment: 2014

Headquarters: Vaughan, Canada

CannTrust Holdings Inc. is a licensed producer of cannabis products. They have ventured into the cannabis-infused beverage market, contributing to the diversification of products available to consumers.

  1. Coalition Brewing

Establishment: 2010

Headquarters: Portland, Oregon

Coalition Brewing is a craft brewery that has embraced the cannabis-infused beverage trend. They have developed innovative beer products that combine the flavors of craft brewing with the potential benefits of cannabis compounds.

  1. Coca-Cola

Establishment: 1892

Headquarters: Atlanta, Georgia

Coca-Cola, one of the world’s most recognizable brands, has been exploring the cannabis-infused beverage market. While their developments are still in the experimental stage, their involvement signifies the interest of major players in this emerging sector.

  1. Dutch Windmill Spirits

Headquarters: The Netherlands

Dutch Windmill Spirits is known for its expertise in producing traditional spirits. Their entry into the cannabis-infused beverage sector highlights the expansion of traditional alcoholic beverage companies into this evolving market.

To Stone it Up!

These key players collectively contribute to the growth and diversification of the cannabis in food and beverage market. As consumer preferences evolve and regulations change, their innovations and developments pave the way for a dynamic and exciting future in this space. Whether it’s developing cannabis-infused beverages, exploring novel formulations, or leveraging existing expertise, these players are shaping the culinary and wellness experiences of consumers worldwide.

Also Read:  Amazing Benefits of Snacking on Pumpkin Seeds Market

In conclusion, the cannabis in food and beverage market is a space where innovation, consumer preferences, and regulatory dynamics intersect. The top 10 key players we’ve highlighted showcase the diverse range of companies contributing to this market’s growth. As this market continues to evolve, we can expect to see even more collaborations, innovative products, and advancements that will further shape the landscape of cannabis-infused culinary experiences.

By Ankita Padiyar

Ankita Padiyar likes to play with words! She has been working in the content industry, with expertise in SEO content, social media content, website content, blogs, and articles for over 5 years. In addition to content writing, Ankita is a content publisher too, with hands-on experience with different CMSs. She works closely with B2B and B2C companies delivering engaging content that converts viewers into customers. She believes in "Dream Big" and thrives to achieve those dreams. When she isn’t writing, you can find her spending quality time with her 2-year toddler. Also, in her free time, she loves to explore new places. Don’t miss connecting with her on LinkedIn for networking!