South Korea CBD-Infused Beverages Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 20.5% from 2024 to 2030.
The South Korea CBD-Infused Beverages Market has been gaining significant attention in recent years, as the demand for cannabis-based products, including CBD, continues to rise. With the rapid expansion of the wellness and health-conscious consumer market, CBD-infused beverages are seen as a promising new category in the South Korean food and beverage industry. The market is expected to thrive due to evolving consumer preferences and increasing awareness of the potential benefits of CBD, such as stress reduction, pain relief, and improved mental wellness. While CBD is still somewhat of a niche product in the South Korean market, its future potential is undeniable, especially as legal frameworks surrounding CBD begin to evolve globally.
Several industries are showing interest in CBD-infused beverages, with the most notable being the health and wellness sector. Consumers are seeking natural alternatives to pharmaceuticals, making CBD an appealing ingredient in drinks like teas, juices, and sparkling waters. Manufacturers are focusing on meeting strict safety and quality standards to ensure that these beverages are both effective and safe for regular consumption. There is also a significant demand for innovative, functional beverages that cater to different needs, such as boosting energy, improving sleep, or reducing anxiety. The rise of such products has created new opportunities for beverage companies, who are looking to differentiate themselves by incorporating CBD into their offerings.
As with any emerging market, the CBD-infused beverages market in South Korea faces regulatory challenges. Local laws surrounding the use of CBD are still evolving, and manufacturers must navigate the complexities of compliance with both domestic and international regulations. Additionally, the market is influenced by changing consumer preferences, as CBD products continue to experience both heightened interest and skepticism. As the market matures, it is anticipated that CBD beverages will become more mainstream, and consumer acceptance will grow, leading to increased demand and innovation in this space.
Ultimately, industries looking to capitalize on the growing CBD-infused beverages market in South Korea must focus on developing products that meet consumer expectations while adhering to stringent regulatory standards. The potential for growth in this sector is immense, and companies must stay ahead of the curve by investing in research and development to create high-quality, effective CBD-infused beverages. With a careful balance of innovation and regulatory compliance, South Korea could become a key player in the global CBD beverage market.
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Canopy Growth Corp
The Alkaline Water Company
Coca-Cola
Youngevity International Inc
Mugglehead
Molson Coors Brewing
Creso Pharma
Growpacker
Sprig
Kickback
Recess
New Age Beverages Corporation (Marley)
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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 CBD-Infused Beverages Market
Ready-to-Drink Beverages
Concentrates & Mixers
Powders
Functional Beverages
Sports & Energy Drinks
Wellness Drinks
Tea & Coffee
Other Beverages
Low Concentration (Up to 10 mg)
Medium Concentration (10 mg to 50 mg)
High Concentration (Above 50 mg)
Online Retail
Offline Retail
Specialty Stores
Direct Sales
Cans
Bottles
Pouches
Cups
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea CBD-Infused 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 CBD-Infused Beverages Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea CBD-Infused Beverages Market, By Type
6. South Korea CBD-Infused Beverages Market, By Application
7. South Korea CBD-Infused Beverages Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea CBD-Infused Beverages Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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