Industry Analysis
The cannabis market is expanding in the forecast year due to various factors such as the increase in market participants and the availability of innovative products. In addition, manufacturers are conducting R&D to launch new products in the market.
According to a study by Data Bridge Market Research, the European cannabis market will have a CAGR of 43.10% from 2022 to 2029.
A meticulous study of the competitive landscape of the market has been given in the Europe Cannabis Market survey document along with the insights of the companies, financial status, trending developments, mergers, acquisitions and SWOT analysis. This market research will give a clear and specific idea to the readers about the overall market to take valuable decisions. The document focuses on the leading global industry players providing information such as company profiles, specifications, capacity, cost, revenue and contact information. An influential Data bridge market research report also offers comprehensive statistics on important aspects such as growth drivers, challenges and industry prospects.
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Market Insights and Scope
Cannabis refers to the dried leaves and flowering tops of the Cannabis indica or Cannabis sativa plants that are consumed or smoked for their therapeutic or psychoactive effects. It is considered a herbal drug and contains active compounds called cannabinoids, including THC and CBD. These cannabinoids affect various systems in the body and can lead to psychological dependence with continued use. Cannabis is used to alleviate symptoms and side effects of cancer treatment, as well as other chronic illnesses. Its applications can be found in industries such as food and beverages, cosmetics, pharmaceuticals, textiles, and chemicals.
Additionally, the credible Europe Cannabis Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Food and Beverage industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
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Industry Segmentation and Size
Europe cannabis market is segmented based on type, product type, component, category, strain, application and usage type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
• Hemp
• Marijuana
• Synthetic Cannabis
Product Type
• Full-Spectrum Cannabis Products
• Broad-Spectrum Cannabis Products
• Cannabis Isolates Cannabis Products
Component
• THC-Dominant
• CBD-Dominant
• Balanced THC & CBD
Category
• Organic
• Inorganic
Strain
• Indica
• Sativa
• Hybrid
• Others
Application
• Cannabis Concentrate
• Cannabis Vape Juice
• Cannabis Capsules
• Cannabis Flower
• Cannabis Oils
• Cannabis Tinctures
• Cannabis Topicals
• Cannabis Edibles
• Cannabis Medicinal Products
• Others
Usage Type
• Recreational
• Medicinal
Market Country Level Analysis
The countries covered in this market report are
• Germany, U.K., Italy, Netherlands, Switzerland, France, Russia, Spain, Belgium, Turkey and Rest of Europe. Germany is expected to dominate the market due to rise in legalization of cannabis in the country as well as increasing usage of cannabis in various healthcare products in Germany.
Industry Share Analysis
Some of the major players operating in the Europe cannabis market are
• Aurora Cannabis Inc., CANOPY GROWTH CORPORATION, The Cronos Group, Aphria Inc, Tilray, Cannabis Science Inc., SOMAÍ Pharmaceuticals Inc., IMCI Pharmaceuticals, Peace Natural Projects inc, BOL Pharma, PharmaHemp, Kiehl's, Endoca, Althea Company Pty Ltd and IDT Australia among others.
Europe Cannabis Market Report Answers the Following Questions:
What is the current size of the Europe cannabis market?
What are the main countries in Europe where cannabis is legal?
What are the main types of cannabis products available in the European market?
Who are the major players in the Europe cannabis market and what is their market share?
What are the driving factors of growth in the European cannabis market?
What challenges does the European cannabis market face?
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