Middle East & Africa Cannabis Beverages Market Size & Outlook
The cannabis beverages market in Middle East & Africa is expected to reach a projected revenue of US$ 64.1 million by 2030. A compound annual growth rate of 18.9% is expected of Middle East & Africa cannabis beverages market from 2024 to 2030.
Revenue, 2023 (US$M)
$19.7
Forecast, 2030 (US$M)
$64.1
CAGR, 2024 - 2030
18.9%
Report Coverage
Middle East & Africa
MEA cannabis beverages market highlights
- The MEA cannabis beverages market generated a revenue of USD 19.7 million in 2023.
- The market is expected to grow at a CAGR of 18.9% from 2024 to 2030.
- In terms of segment, alcoholic was the largest revenue generating type in 2023.
- Alcoholic is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 19.7 million |
| Market revenue in 2030 | USD 64.1 million |
| Growth rate | 18.9% (CAGR from 2024 to 2030) |
| Largest segment | Alcoholic |
| Fastest growing segment | Alcoholic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Alcoholic |
| Key market players worldwide | Aphria Inc, Canopy Growth Corp, Fable, Cann Group Ltd, Artet, Keefe Group, BellRock Brands, Boston Beer Co Inc Class A |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.7% of the global cannabis beverages market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 538.4 million by 2030.
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Cannabis Beverages Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| BellRock Brands | View profile | 51-100 | Denver, Colorado, United States, North America | https://www.bellrockbrands.com |
| Artet | View profile | 1-10 | Brooklyn, New York, United States, North America | https://artet.com/ |
| Keefe Group | View profile | 101-250 | Dallas, Texas, United States, North America | http://www.keefegroup.com/ |
| Fable | View profile | 11-50 | Palo Alto, California, United States, North America | https://fable.co |
| Cann Group Ltd | View profile | 40 | 262-276 Lorimer Street, Port Melbourne, VIC, Australia, 3207 | https://www.canngrouplimited.com |
| Boston Beer Co Inc Class A | View profile | 2679 | One Design Center Place, Suite 850, Boston, MA, United States, 02210 | https://www.bostonbeer.com |
| Aphria Inc | View profile | 501-1000 | Leamington, Ontario, Canada, North America | https://aphriainc.com/ |
| Canopy Growth Corp | View profile | 1621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | https://www.canopygrowth.com |
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