Cannabis Infused Beverages Market Seen Reaching $2.8 Billion By 2025, With Non-Alcoholic Drinks Growing Fastest


Grand View Research projects that the global cannabis-infused beverages market will reach $2.8 billion by 2025, showing a CAGR of 17.8% from 2015-2025, with non-alcoholic CBD infused drinks anticipated to be the largest and fastest-growing segment. It is being driven by demand from new consumers to the market and specifically females, research found. Sun Kissed Industries, Inc. (OTC: SKDI) this year acquired Products Group Inc. DBA/Hakuna Supply, which sells and markets premium CBD coffee, tea, CBD drink drops and other products.

The CBD market has drawn intense interest from media companies. features specialized coverage of CBD related stocks such as Sun Kissed Industries, Inc. (OTC: SKDI), Canopy Growth Corp. (NYSE: CGC), New Age Beverages Corp. (NASDAQ: NBEV), GW Pharmaceuticals PLC (NASDAQ: GWPH), Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT).  Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), Supreme Cannabis Co. (OTC: SPRWF) and OrganiGram Holdings Inc. (NASDAQ: OGI).

Cannabis Infused Beverages Market Seen Reaching $2.8 Billion By 2025, With Non-Alcoholic Drinks Growing Fastest

Grand View Research found that the non-alcoholic segment of the CBD-infused drinks market has grown quickly and is forecast to continue to do so through the forecast period. The research firm is careful to say that it has not yet measured the impact of the COVID-19 virus on the market, but two indicators are positive for the Sun Kissed Industries, Inc. (OTC: SKDI) subsidiary Hakuna brand. Cannabis Infused Beverages Market Seen Reaching $2.8 Billion By 2025, With Non-Alcoholic Drinks Growing Fastest.

Hakuna 30% Jump In Online Sales

First, Hakuna is reporting a 30% jump in online sales ever since the shelter-at-home orders were given by states. In an expanded Clean Room completed at the beginning of April, Hakuna exhibited a 300-500% hike in output — as it received an investment in new equipment and added a single serve instant coffee line. Hakuna’s expanded Clean Room received a newly installed industrial mixer, Nespresso Capsule filling machine, and a Bagged Coffee filling machine. Bagged coffee production grew 500% daily and a Nespresso Capsule production increased from 2,000 to 10,000 per day. Meanwhile, that efficiency meant the cost of goods sold is expected to drop 30% on a per unit basis.

Second, a poll by Brightfield Group found that 39% of CBD consumers planned to use more CBD products during the stay-at-home orders. Further, the survey found that this trend is even more pronounced among Millennials and Gen Z consumers — 49%. It found that this group planned on using even more CBD products in the weeks and months ahead.

CBD Consumers Seek Self-Care CBD Products During Stay-At-Home Orders

Anxiety was the primary ailment from the pandemic reported by 53% of consumers polled in the study. Next were depression and insomnia — driving sales to CBD consumers who are concerned about their own health and well being, the poll found.

“Interestingly, when we analyzed the social media posts involving CBD and the coronavirus, we found that the most common topic was self-care,” Bethany Gomez of Brightfield Group wrote. “With so much of the country in quarantine right now, many are turning to self-care indulgences to keep themselves sane and even just pass the time, which is likely to help boost some CBD self-care products during quarantine time.”

Sun Kissed Industries, Inc. (OTC: SKDI) Sees Jump In Online CBD Sales

Sun Kissed Industries, Inc. (OTC: SKDI) has reported that its CBD product sales from recently acquired Products Group Inc. DBA/Hakuna Supply have spiked 30% online since the ‘lockdowns’ began. That sales increase not only documents the dramatic growth of the non-alcoholic drinks market within the surging global cannabis-infused beverages market, it also reflects the demand for online Hakuna product from its newly-expanded Clean Room. Cannabis Infused Beverages Market Seen Reaching $2.8 Billion By 2025, With Non-Alcoholic Drinks Growing Fastest.

Sun Kissed Industries, Inc. (OTC: SKDI) Growing Rapidly By Acquisition

In February 2020, Sun Kissed Industries, Inc. (OTC: SKDI) acquired Products Group Inc. DBA/Hakuna Supply. It bought 100% of the issued and outstanding shares of Hakuna in a definitive stock purchase agreement. It sells products including premium CBD coffee, CBD tea, CBD Drink Drops, CBD Gummies and CBD Flower product markets. More recently, it acquired NuMuni, a monetization platform developed for digital publishers, software providers and online games.

Hakuna is in the news recently. Ilan Freeman, CEO of Products Group Inc. DBA/Hakuna Supply, has received an invitation for an interview from Stock Market Podcast to discuss the revenue growth, product development and rapid production increases of Hakuna. In the Stock Market Podcast, Freeman will discuss the current state of Sun Kissed Industries, Inc.’s (OTC: SKDI) subsidiaries Hakuna and newly-acquired Numuni. He will comment on their M&A and other new developments. The parent company will issue a press release with a link to the interview on May 4th.

As it grows by takeover, Sun Kissed Industries, Inc. (OTC: SKDI) is an emerging leader in the CBD-based products market. It is pursuing technology acquisitions through an aggressive M&A strategy. It seeks to become a dominant player in a well-defined, high-growth niche within the CBD sector.

Source: Stock Market Press

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