CBD Wine Market Surges, Projected to Reach $112.5 Million by 2031.

WILMINGTON,NEW CASTLE, DELAWARE 19801 USA, UNITED STATE, February 5, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “CBD Wine Market," The global CBD wine market size was valued at $11,100 thousand in 2021, and is projected to reach $112,458.2 thousand by 2031, growing at a CAGR of 27.8% from 2022 to 2031.

𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐆𝐫𝐚𝐩𝐡𝐬 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 @ https://www.alliedmarketresearch.com/request-sample/17289

The CBD wine market offers significant potential for industry expansion. Although the market is still in its early stages of development, during the projected period its contribution to the overall market is anticipated to rise significantly. Numerous countries' increased legalization of cannabis-infused beverages has compelled the market to create cutting-edge goods like CBD wine. The CBD wine market demand is rising as a result of the expanding worldwide population and rising per capita income.

The legalization of cannabis in industrialized nations including the U.S., Canada, and Australia has raised the demand for beverages with CBD extracts. Increased demand for cannabis or wine with CBD has been driven up by rising per capita income and population growth, which has also increased cannabis output. A specific location (city, region, or nation)'s capita income is a measurement of the average annual income per person there. By dividing the overall revenue of the region by the entire population, the standard of living of a nation is determined. The consumption of CBD wine is ultimately higher in emerging countries since they have larger per capita incomes than developed countries. One of these CBD wine market trends are driving the market growth.

The global CBD wine market is analyzed on the basis of type, packaging, distribution channel, and region. By type, the CBD wine market is divided into hemp-based CBD wine and marijuana-based CBD wine. Among these, the hemp-based CBD wine segment occupied the major CBD wine market share of the market in 2021, and is projected to maintain its dominance during the forecast period. Hemp is a cannabis sativa strain that belongs to the genus cannabis and has a tetrahydrocannabinol (THC) concentration of less than 0.3%. It is typically made from the leaves and flowers of the hemp plant. Due to the legalization of cannabis for recreational and medical purposes in a number of U.S. states as well as Canada, that region is where the majority of edibles made from hemp are sold.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 @ https://www.alliedmarketresearch.com/request-for-customization/17289

By packaging, the market is divided into cans and glass bottles. The glass bottles segment is growing at a moderate rate during the forecast period. Wines are typically packaged in glass bottles because of their nonporous, nontoxic surface, and excellent impermeability. It is a great option for wine because it keeps aromas and carbonation very well. It conveys a sense of elegance that other materials find challenging to match. Glass bottles have been a common packaging choice for so long that they are frequently thought of as having a classic or retro feel.

By distribution channel, it is classified into online and offline. The offline segment is anticipated to grow at highest CAGR during the forecast period. Supermarkets, hypermarkets, retail establishments, and specialized stores all fall under the category of offline distribution channels. The CBD wine market growth is anticipated to be fueled by consumer preference for offline distribution channels.

The region that dominated the global CBD wine market in 2021 was North America, and this dominance is anticipated to continue during the forecast period. Due to the legalization of marijuana for both medical and recreational purposes, the U.S. controlled the market. In the US, California is the state that consumes the most CBD wine. The world's largest market for CBD wine continued to be in North America. North America has higher use of CBD products than other regions of the world because local consumers are aware of CBD and its health advantages.

Exporters in both developed and developing nations faced a number of difficulties as a result of the COVID-19 epidemic. The implementation of lockdown and curfew procedures on a global scale had an impact on both domestic and foreign manufacture of CBD wine, which in turn hindered market expansion. As a result, the COVID-19 epidemic had a negative influence on the CBD wine market in 2020 as a result of decreased company sales and operations being suspended.

𝐒𝐏𝐄𝐀𝐊 𝐖𝐈𝐓𝐇 𝐀𝐍𝐀𝐋𝐘𝐒𝐓 @ https://www.alliedmarketresearch.com/connect-to-analyst/17289

▶️ 𝗧𝗵𝗲 𝗺𝗮𝗷𝗼𝗿 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗮𝗻𝗮𝗹𝘆𝘇𝗲𝗱 𝗳𝗼𝗿 𝗴𝗹𝗼𝗯𝗮𝗹 𝗖𝗕𝗗 𝘄𝗶𝗻𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗮𝗿𝗲 :

- 𝐀𝐮𝐫𝐨𝐫𝐚 𝐂𝐚𝐧𝐧𝐚𝐛𝐢𝐬, 𝐈𝐧𝐜.
- 𝐁𝐨𝐝𝐞𝐠𝐚𝐬 𝐒𝐚𝐧𝐭𝐚 𝐌𝐚𝐫𝐠𝐚𝐫𝐢𝐭𝐚
- 𝐂𝐚𝐥𝐥𝐦𝐞𝐰𝐢𝐧𝐞
- 𝐂𝐚𝐧𝐧𝐚𝐯𝐢𝐧𝐞
- 𝐂𝐫𝐲 𝐁𝐚𝐛𝐲 𝐖𝐢𝐧𝐞
- 𝐃𝐢𝐚𝐠𝐞𝐨
- 𝐃𝐫𝐢𝐧𝐤𝐒𝐢𝐩𝐂
- 𝐇𝐞𝐢𝐧𝐞𝐤𝐞𝐧 𝐍𝐕
- 𝐇𝐞𝐦𝐩𝐟𝐲
- 𝐇𝐞𝐱𝐨 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧
- 𝐇𝐨𝐮𝐬𝐞 𝐨𝐟 𝐒𝐚𝐤𝐚
- 𝐋𝐚𝐠𝐮𝐧𝐢𝐭𝐚𝐬
- 𝐌𝐨𝐥𝐬𝐨𝐧 𝐂𝐨𝐨𝐫𝐬 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐲
- 𝐑𝐞𝐛𝐞𝐥 𝐖𝐢𝐧𝐞.𝐂𝐨.𝐔𝐊
- 𝐖𝐢𝐧𝐞𝐬 𝐨𝐟 𝐔𝐫𝐮𝐠𝐮𝐚𝐲

{ 𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 }

📍 By type, the hemp-based CBD wine segment was the highest revenue contributor to the market, with $8,454.0 thousand in 2021, and is estimated to reach $83,870.0 thousand by 2031, with a CAGR of 27.5%.

📍 By packaging, the glass bottles segment was the highest revenue contributor to the market, with $8,849.2 thousand in 2021, and is estimated to reach $89,888.8 thousand by 2031, with a CAGR of 27.8%.

📍 Depending on distribution channel, the offline segment was the highest revenue contributor to the market, with $9,526.4 thousand in 2021, and is estimated to reach $97,356.0 thousand by 2031, with a CAGR of 27.9%.

📍 Region wise, North America was the highest revenue contributor, accounting for $4,972.8 thousand in 2021, and is estimated to reach $48,132.1 thousand by 2031, with a CAGR of 27.2%.

𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 @ https://www.alliedmarketresearch.com/checkout-final/1d95e38986cf39dac6eaafd73e70eac8

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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