Industry Analysis
Data Bridge Market Research analyses that the Europe cannabis market will grow at a CAGR of 43.10% during the forecast period of 2022 to 2029.
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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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.
An international Europe Cannabis Market research report examines competitive companies and manufacturers in the global market. Competitive analysis carried out in this market report puts forth the moves of the key players in the Food and Beverage industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. It studies market by product type, applications and growth factors.
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Industry Segmentation
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.
An influential Europe Cannabis Market research report displays an absolute outline of the market that considers various aspects such as product definition, customary vendor landscape, and market segmentation. Currently, businesses are relying on the diverse segments covered in the market research report to a great extent which gives them better insights to drive the business on the right track. The competitive analysis brings into light a clear insight about the market share analysis and actions of the key industry players. With this info, businesses can successfully make decisions about business strategies to accomplish maximum return on investment (ROI).
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.
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