South Korea Functionality CBD Beverages Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.8 Billion by 2030, growing at a CAGR of 17.5% from 2024 to 2030.
The South Korea Functionality CBD Beverages Market has been witnessing an intriguing surge, as more consumers and industries seek wellness products infused with cannabidiol (CBD). The growth of this market can be attributed to the increasing demand for functional beverages that not only offer hydration but also provide potential health benefits. CBD, known for its purported anti-inflammatory and calming properties, is becoming a popular ingredient in beverages aimed at improving mental well-being, sleep, and overall health.
The rising popularity of CBD beverages is not just confined to South Korea’s general population but also extends to various industries looking to meet the growing demand for functional beverages. In particular, sectors like health and wellness, sports nutrition, and even the beauty industry are leveraging CBD's potential. Manufacturers are keen on developing drinks such as CBD-infused teas, energy drinks, and sparkling waters to cater to a broad audience looking for functional alternatives to traditional beverages.
In South Korea, the demand for these products has been significantly fueled by the shift in consumer preference towards natural and plant-based solutions. Consumers are more informed about CBD's potential benefits and are increasingly seeking out drinks that align with their health-conscious lifestyle. The beverage industry, therefore, must adapt to these evolving needs and ensure they meet the regulatory standards in the country to avoid any legal hurdles.
Industries are also incorporating CBD into beverage products to meet specific requirements, such as stress reduction, improved sleep, and anxiety relief. Given the urban lifestyle in South Korea, where individuals are often grappling with stress, the functionality of CBD beverages plays a crucial role. As demand continues to rise, businesses are focused on ensuring their products not only taste good but also offer the desired functional benefits, making them a key player in the wellness trend.
The Functionality CBD Beverages Market in South Korea is poised for continued growth, with industry players continually exploring new product innovations and expanding their consumer base. As more studies support the benefits of CBD and consumers become increasingly aware of its advantages, this market will likely see even more competition, offering consumers a greater variety of options tailored to their specific health needs.
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Canopy Growth Corporation
American Premium Water
Heineken
Sprig
Phivida Holdings
Love Hemp Water
HYBT
Alkaline Water Company
Molson Coors Brewing
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Functionality CBD Beverages Market
CBD Infused Water
CBD Tea
CBD Coffee
CBD Soft Drinks
CBD Alcoholic Beverages
Relaxation and Stress Relief
Energy and Focus
Sleep Aid
Physical Wellness and Recovery
General Health and Well-being
Full-Spectrum CBD
Broad-Spectrum CBD
Isolate CBD
Natural Flavors
Sweeteners
Health-conscious Consumers
Busy Professionals
Athletes and Fitness Enthusiasts
Individual Seeking Alternative Remedies
Millennials and Gen Z Consumers
Online Retail
Health and Wellness Stores
Supermarkets and Hypermarkets
Specialty Stores
Beverage Distributors
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Functionality CBD Beverages Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Functionality CBD Beverages Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Functionality CBD Beverages Market, By Type
6. South Korea Functionality CBD Beverages Market, By Application
7. South Korea Functionality CBD Beverages Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Functionality CBD Beverages Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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