The THC Seltzers Market Size is valued at USD 340.0 million in 2023 and is predicted to reach USD 2,932.8 million by the year 2031 at a 31.5% CAGR during the forecast period for 2024-2031.
THC seltzers contain marijuana's psychoactive ingredient, tetrahydrocannabinol (THC). Cannabis can be consumed in a refreshing, low-calorie drink instead of smoking or eating. THC seltzers’ different flavors and dosages offer a mild, controlled high without the stench or smoke of traditional cannabis. The THC seltzers market is anticipated to experience unprecedented growth because of factors such as the increasing demand for non-alcoholic beverages, the introduction of innovative products, and the desire for user-friendly, novel approaches. Customers’ curiosity and openness to trying new cannabis products are driving up demand for THC seltzers. As more and more people are open to trying cannabis in all its forms, the appeal of drinks laced with THC is increasing. Because consumers are always on the lookout for novel cannabis experiences, this investigation is driving industry growth. The fact that people with busy lifestyles can consume these drinks anytime they like because of the THC seltzer content is driving demand in the market.
However, the market expansion is hampered by the lack of awareness of THC seltzers, and the complicated regulations and constraints greatly hinder the expansion of the market. Furthermore, Demand for THC seltzers surged during the COVID-19 outbreak as people looked for ways to alleviate stress and find alternative health goods. Supply chain interruptions hindered production and delivery, but sales were boosted by lockdowns and increased at-home consumption. Moreover, there is a rise in the popularity of cannabis-infused beverages among consumers and a rising need for alcohol-free, healthful substitutes. New flavor and formulation innovations are all factors that could lead to opportunities in the THC seltzers market. These factors propel the expansion of markets and advancements in technology.
Competitive Landscape
Some Major Key Players In The THC Seltzers Market:
- Cann Social Tonics
- Pabst Blue Ribbon (PBR) High Seltzer
- Crescent Distributions, LLC.
- Power BioPharma
- The Hi Collection
- WYNK
- Sacred Bloom
- Cheech & Chong's Global Holdings
- 8TH Wonder
- Cantrip
- Other Market Players
Market Segmentation:
The THC seltzers market is segmented based on content, flavor, and distribution channel. The content segment comprises 1-2.5 mg THC, 2.5-5 mg THC, and 5+ mg THC. By flavor, the market is segmented into unflavored and flavored. The last segment is distribution channel which is further segmented into on-trade and off-trade.
Based On The Content, The 5+ Mg THC THC Seltzers Market Segment Is Accounted As A Major Contributor To The THC Seltzers Market
The 5+ mg THC in the THC seltzers market is expected to lead with a big global market share because of its popularity among seasoned cannabis users looking for a stronger, more intense high. Additionally, customers seeking a controlled and easy way to get high are driving this segment’s market share, which is rising in tandem with consumer tolerance and the demand for greater, longer-lasting experiences.
The Flavored Segment Witnessed Growth At A Rapid Rate
The flavored segment is expanding rapidly in the THC seltzers market. This is because people like edibles that hide the pot’s inherent flavor rather than its more pungent effects. Flavor variety attracts a wider audience, including those unfamiliar with THC products. Moreover, market expansion is being propelled by novel and enticing flavor profiles that elevate the drinking experience and make these drinks ideal for gatherings with friends and family.
In The Region, The North American THC Seltzers Market Holds A Significant Revenue Share
The North American THC seltzers market is expected to record the biggest market share in revenue in the near future. It can be attributed to rising interest among consumers in healthy beverage options, coupled with robust product innovation. Decent rules and the region’s well-developed THC seltzer business infrastructure also contribute to the expansion of the market. In addition, Europe is likely to grow rapidly in the global THC seltzers market because of growing public knowledge of cannabis’s therapeutic potential, shifts in policy, a surge in interest among consumers in cutting-edge health foods, a rising middle class, and a huge population in the region.
Recent Developments:
- In June 2024, Spec's Wines, Spirits & Finer Foods teamed up with Bayou City Hemp Company and 8th Wonder Cannabis to provide their entire line of THC beverages made from hemp to stores all around Texas. The complete 8th Wonder Cannabis product line, in addition to HOWDY and Beach Break, will be accessible at all 238 locales.
THC Seltzers Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 340.0 Mn |
|
Revenue Forecast In 2031 |
USD 2,932.8 Mn |
|
Growth Rate CAGR |
CAGR of 31.5% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Content, Flavor, And Distribution Channel |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Cann Social Tonics, Pabst Blue Ribbon (PBR) High Seltzer, Crescent Distributions, LLC., Power Biopharms, The Hi Collection, WYNK, Sacred Bloom, Cheech & Chong’s Global Holdings, 8THWonder, and Cantrip. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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