Europe Cannabidiol Cbd Market Overview:
Cannabidiol (CBD) is one of the hundreds of cannabinoids that are found in the cannabis plant. This is a naturally occurring substance, can be extracted & mixed with a carrier oil, often hemp seed or coconut, to create CBD oil. Cannabidiol oil can be derived from two different species of cannabinoids such as marijuana and hemp. Rising awareness about the health benefits of Cannabidiol is the major factors that are expected to drive the growth of the global Cannabidiol market. The demand for Cannabidiol is increasing around the globe owing to their capacity to cure various ailments in the human body. In the current scenario, European countries government authorities come to grips with legislation of cannabis-based products and rapidly expanding CDB market year on year.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Legalization of Cannabis for Medicinal and Recreational Activities and Increasing Legalization of Cannabis-Based Products
Market Growth Drivers:
High Acceptance of Cannabidiol Cbd for Pharmaceutical Purposes, Growing Awareness Regarding Health Benefits of CBD Oil in European Countries and Increasing Millennial Population and Rising E-Commerce Industry
Challenges:
Availability of Low Yield and Strict Government Regulations in Various European Countries
Restraints:
Lack of Harvesting Innovations and Processing Facilities
Opportunities:
Growing Investments in the Production of Cannabis Oil
Competitive Landscape:
Some of the key players profiled in the report are ENDOCA BV (Netherlands), Gaia Botanicals LLC (United States), Bud & Tender Ltd (United Kingdom), ALWAYS PURE ORGANICS LTD (United Kingdom), Prásino CBD solutions (Netherland), Medical Marijuana, Inc. (United States), Isodiol International Inc. (Canada), Medical Marijuana Inc. (United States), Aurora Cannabis Inc. (Canada), Canopy Growth Corporation (Canada), CV Sciences, Inc. (United States), Elixinol LLC (United States), FOLIUM BIOSCIENCES (United States) and Kazmira LLC (Orochem Technologies) (United States). Considering Market by Sales Channel, the sub-segment i.e. Hospital Pharmacies will boost the Cannabidiol Cbd market. Considering Market by Cultivation Type, the sub-segment i.e. Organic will boost the Cannabidiol Cbd market.
Latest Market Insights:
March 2022: Puration, Inc and PAO group Inc confirmed the two companies are working together on a new line of CBD nutraceuticals under PURA’s Farmersville hemp brand name
"On January 2019, the European Commission updated the Novel Food Catalogue to state that extracts of Cannabis sativa L. and derived products containing cannabinoids are considered as novel foods, as a history of consumption has not been demonstrated. As a result, all extracts of hemp and derived products containing cannabinoids (including CBD) are now regarded by the European Commission as a novel. There is currently one novel food application for CBD under consideration with the European Food Safety Authority (EFSA), to authorize the use of CBD in food supplements for adults with a daily intake of up to 130 mg."
What Can be Explored with the Cannabidiol Cbd Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Europe Cannabidiol Cbd Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cannabidiol Cbd
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Europe Cannabidiol Cbd market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cannabidiol Cbd market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cannabidiol Products manufacturers, Raw material suppliers, Hospitals, Government and research organizations, Distribution consultancies and End users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.