Global Cannabis Concentrate Market: Overview
Demand for cannabisconcentrate is growing and from 2019 to 2027, the rate of this growth would bestellar. One of the biggest factors of growth in the market would be adoptionof medical marijuana. It is used to manage cancer, Alzheimer’s and arthritis. It is extensively used to manage chronic pain and inflammation. Besides,it is also being used in treatment and management of epilepsy, anxiety, anddepression. This is also a notable growth propeller in the market. Legalizationof marijuana use on some counties for recreational purposes is also pushing theglobalcannabis concentrate market over the forecastperiod. Tax generation opportunities also look lucrative to governments,driving the market to better trajectory. Easy availability in the countrieswhere it has been legalized in various forms also goes in favor of marketgrowth.
Global Cannabis Concentrate Market: Notable Developments
To strengthen marketposition, the players marking the fairly fragmented vendor landscape of globalcannabis concentrate market opt for numerous measures. This pro-activenessleads to some very notable developments and even growth in the market. One suchsignificant development is outlined below.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77598
2017: Danish CannabisApS partnered with Canopy Growth Corporation to start a new joint venture. Itis called Spectrum Denmark ApS and it aims to improve penetration in theEuropean market.
Major playersoperating in the cannabis concentrate market are:
· Aphria Inc.
· Canopy Growth Corporation
· Aurora Cannabis
· Maricann Inc.
· Organigram Holdings Inc.
· The Cronos Group
· TilrayTikun Olam, Ltd.
Players opt fornumerous growth strategies in order to beat competition and stay ahead of thecurve. As can be noted from the market development mentioned above, mergers andacquisitions, and partnerships and collaborations hold a prominent place in theoverall growth strategy. Key alliances have time again provided playerswith an edge in certain markets. Additionally, research and development wouldalso be a notable determinant in the market.
More Trending Reports
Global Cannabis Concentrate Market: Key trends and driver
The global cannabis concentratemarket is growing at a robust rate. And, numerous growth factors areresponsible for this growth. A glimpse into some of the prominent ones isprovided below:
· Perspective of physicians is changing in favor of use ofmarijuana in a major way. Therefore, one can note here without surprise thatthat use and prescription of a number of products is growing. This is asignificant factor of growth in the market with gummies, oils and tinctures nowbeing used.
· Social media is creating more awareness regarding use of CBD andother concentrates of cannabis. Influencers such as Rachel Brathern are widelypromoting the use for its various beneficial uses among her followers which runinto billions. This is set to increase demand substantially.
BuyNow
https://www.transparencymarketresearch.com/checkout.php?rep_id=77598<ype=S
AboutUs
Transparency Market Research is a next-generationmarket intelligence provider, offering fact-based solutions to businessleaders, consultants, and strategy professionals.
Our reports are single-point solutions for businessesto grow, evolve, and mature. Our real-time data collection methods along withability to track more than one million high growth niche products are alignedwith your aims. The detailed and proprietary statistical models used by ouranalysts offer insights for making right decision in the shortest span of time.For organizations that require specific but comprehensive information we offercustomized solutions through adhoc reports. These requests are delivered withthe perfect combination of right sense of fact-oriented problem solving methodologiesand leveraging existing data repositories.
TMR believes that unison of solutions forclients-specific problems with right methodology of research is the key to helpenterprises reach right decision.
US Office Contact
90 State Street, Suit e700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
