Industry Analysis
Europe cannabis market will grow at a CAGR of 43.10% during the forecast period of 2022 to 2029.
The cannabis market is growing in the forecast year due to several reasons such as the rising players in the market and the availability of advanced products. Along with this, manufacturers are engaged in RD activity for launching novel products in the market.
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 is defined as dried leaves and flowering tops of Cannabis indica or Cannabis sativa plants that are consumed or smoked for its therapeutic or psychotropic effects. Cannabis (Cannabis sativa) is a herbal drug. It contains chemicals called cannabinoids, including delta-9-Tetrahydrocannabinol (THC) and Cannabidiol (CBD). Cannabinoids, which are active compounds in cannabis, have drug-like effects on all systems of the body, including the immunological and central neurological systems continued usage of which may result in psychological dependence. Cannabis may be used to alleviate cancer symptoms and cancer treatment side effects that include pain, nausea, cachexia (loss of body weight and muscle mass), and other chronic illnesses. Applications of cannabis are widely used in food beverages, cosmetics, pharmaceuticals, textile, chemical industries, and various other industries.
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:
How much revenue will the Europe Cannabis Market generate by the end of the forecast period?
Which market segment is expected to have the maximum market share?
What are the influencing factors and their impact on the Europe Cannabis Market?
Which regions are currently contributing the maximum share of the overall Europe Cannabis Market?
What indicators are likely to stimulate the Europe Cannabis Market?
What are the main strategies of the major players in the Europe Cannabis Market to expand their geographic presence?
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