Industry Analysis

Cannabis market was valued at USD 25.40 billion in 2021 and is further estimated to reach USD 168.58 billion by 2029, and is expected to grow at a CAGR of 9% during the forecast period of 2022 to 2029.

A meticulous study of the competitive landscape of the market has been given in the 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 a plant that is used for recreational and medical uses. People utilise the dried leaves, seed oil, and other elements of the cannabis plant. It can be a positive consequence that helps to relieve the symptoms of a variety of diseases, including chronic pain

Additionally, the credible 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

The cannabis market is segmented on the basis of product type, usage, crop variety and distribution channel. The growth amongst these segments will help you analyze meager 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.

Product Type

• Buds
• Oil
• Tinctures
• Others

Usage

• Medical
• Recreational

Crop Variety

• Cannabis Indica
• Cannabis Sativa
• Others

Distribution Channel

• Physical
• Digital
• Others

Market Country Level Analysis

The countries covered in the cannabis market report are

• S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).

Industry Share Analysis

Some of the major players operating in the cannabis market are:

• The Cronos Group (Canada)
• Tilray (US)
• Marley Natural (US)
• Aurora Cannabis (Canada)
• Cara Therapeutics (US)
• ARUMA LABS HOLDINGS PTY LIMITED (Australia)
• Medcan Australia (Australia)
• Sundial Growers Inc. (Canada)
• Canopy Growth Corporation (Canada)
• The Scotts Company LLC (US)
• Aphria Inc. (Canada)
• VIVO Cannabis Inc. (Canada)
• Cannatrek (Australia)
• SpeedWeed (US)
• GW Pharmaceuticals plc. (UK)
• Harborside Health Center (US)
• Steep Hill, Inc. (US)
• CBD Einstein. (US)
• Weedmaps (US)

Cannabis Market Report Answers the Following Questions:

How much revenue will the 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 Cannabis Market?

Which regions are currently contributing the maximum share of the overall Cannabis Market?

What indicators are likely to stimulate the Cannabis Market?

What are the main strategies of the major players in the Cannabis Market to expand their geographic presence?

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