Industry Analysis
· Data Bridge Market Research analyzes that the Europe cannabis market will grow at a CAGR of 43.10% during the forecast period of 2022 to 2029.
· The wide-ranging Data Bridge market report covers an array of aspects of the market analysis which today’s businesses call for. This market document also defines a chapter on the global market and allied companies with their profiles, which provides important data pertaining to their insights in terms of finances, product portfolios, investment plans, and marketing and business strategies. This market research report is generated with a nice blend of industry insight, talent solutions, practical solutions and use of technology to advance user experience. An outstanding Data Bridge market report puts light on many aspects related to ABC industry and market.
Market Insights
Ø 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.
Ø 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.
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
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The countries covered in this market report are
ü 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.
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Some of the major players operating in the Europe cannabis market are
Ø 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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