Global THC Seltzers Market Size To Worth USD 5878.8 Million By 2033 | CAGR of 33.28%
Category: Consumer GoodsGlobal THC Seltzers Market Size To Worth USD 5878.8 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global THC Seltzers Market Size is to Grow from USD 332.5 Million in 2023 to USD 5878.8 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 33.28% during the projected period.
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Browse key industry insights spread across 232 pages with 119 Market data tables and figures & charts from the report on the "Global THC Seltzers Market Size, Share, and COVID-19 Impact Analysis, By THC Content (1-2.5 mg THC, 2.5-5 mg THC, and 5+ mg THC), By Flavor (Unflavored and Flavored), By Distribution Channel (On-Trade and Off-Trade), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/thc-seltzers-market
Tetrahydrocannabinol, or THC, is the psychoactive ingredient in cannabis-infused beverages. These beverages, which can be purchased at dispensaries or online, contain alcohol, caffeine, or other cannabis derivatives in addition to variable THC concentrations. The safety of these drinks has not been properly explored in human subjects. The market for THC-infused products, such as seltzers, is expanding rapidly as more states legalise and regulate the sale and consumption of cannabis. This regulatory move not only opens up new markets, but it also normalises cannabis usage, reducing stigma and increasing consumer acceptability. One of the main factors driving the THC seltzers market's expansion is consumers' growing desire for healthier, lower-calorie beverage options. Another significant market expansion is the increasing usage of micro doses. However, several countries' governments are enforcing legislation pertaining to the production and commercialisation of THC-related products. In addition, the lack of customer awareness regarding the products' advantages is hindering the market's expansion.
The 5+ mg THC segment accounted for the largest market revenue share of the THC seltzers market during the projected timeframe.
Based on the THC content, the THC seltzers market is divided into 1-2.5 mg THC, 2.5-5 mg THC, and 5+ mg THC. Among these, the 5+ mg THC segment accounted for the largest market revenue share of the THC seltzers market during the projected timeframe. Higher dosage beverages are typically preferred by consumers who have some experience with THC and are hoping for a noticeable psychoactive effect. A 5 mg or higher seltzer offers an adequate balance between getting the required effects and avoiding the need for multiple servings.
The flavored segment is anticipated to grow at the highest CAGR in the THC seltzers market during the projected timeframe.
Based on the flavor, the THC seltzers market is divided into unflavored and flavored. Among these, the flavored segment is anticipated to grow at the highest CAGR in the THC seltzers market during the projected timeframe. This is due to many traditional cannabis products, including tinctures and edibles, have a strong, unique flavour that not all customers find appealing. Conversely, flavoured THC seltzers provide a pleasant and reviving flavour that might cover over the earthy notes of cannabis.
The off-trade segment holds the highest market share of the THC seltzers market during the projected timeframe.
Based on the distribution channel, the THC seltzers market is divided into on-trade and off-trade. Among these, the off-trade segment holds the highest market share of the THC seltzers market during the projected timeframe. THC seltzers are primarily sold through off-trade channels such grocery stores, retail stores, and internet retailers because of their ease of use and accessibility. Customers would rather be able to buy these products when they go grocery shopping and add THC seltzers to their cart with other household products and groceries.
North America is expected to hold the largest share of the THC seltzers market over the forecast period.
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North America is expected to hold the largest share of the THC seltzers market over the forecast period. THC seltzers are consistent with the enormous health and wellness trend that is sweeping North America. Consumers are increasingly looking for drinks that deliver cannabis benefits without the negative side effects of smoking or high-calorie foods. Seltzers containing THC, which are usually touted as having little calories and other components, are regarded to be a healthier choice.
Europe is predicted to grow at the fastest pace in the THC seltzers market during the projected timeframe. There is a growing trend towards communal consumption settings as legalisation and social acceptance increase. THC-infused beverage-serving establishments, such as bars, cafes, and lounges, are growing in popularity throughout Europe.
Major vendors in the THC seltzers market Cann Social Tonics, Pabst Blue Ribbon (PBR) High Seltzer, Crescent Distributions, LLC., Power Biopharms, The Hi Collection, WYNK, Sacred Bloom, Aphria Inc., Cheech & Chong’s Global Holdings, 8TH Wonder, Cantrip, Aurora Cannabis Inc., MedReleaf Corp., Tilray, and others.
Recent Developments
- In September 2024, WYNK, an award-winning THC seltzer product that redefines social drinking, announced a partnership with Riot Fest 2024. Riot Fest is a three-day punk rock event renowned for its eclectic roster and spectacular music and entertainment experiences. The natural collaboration with Riot Fest is consistent with WYNK's objective to elevate social experiences through contemporary adult beverages.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the THC seltzers market based on the below-mentioned segments:
Global THC Seltzers Market, By THC Content
- 1-2.5 mg THC
- 2.5-5 mg THC
- 5+ mg THC
Global THC Seltzers Market, By Flavor
- Unflavored
- Flavored
Global THC Seltzers Market, By Distribution Channel
- On-trade
- Off-trade
Global THC Seltzers Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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