What is Cannabinoid Biosynthesis Market Scope?
Biosynthetic Cannabinoids (such as CBD) are cannabinoids that are created in the lab utilizing biosynthesis technology, rather than being synthesized from man-made compounds or extracted directly from cannabis or hemp material. Cannabinoid biosynthesis is extremely modular, allowing for the utilization of modules found in synthetic biology-based combinatorial techniques, as evidenced by the creation of novel-to-nature cannabinoids in Saccharomyces cerevisiae.
Influencing Trend:
Rise in Prevalence of Cannabinoid Designer Drugs
Market Growth Drivers:
Rising Legalisation of Cannabis and Cannabinoid Products Across the Globe and Increase in Demand for On-Psychoactive Cannabinoid Extracts of the Cannabis Plant
Challenges:
Cannabis Cultivation has an Enormous Carbon Footprint
Restraints:
Cannabinoid Biosynthesis may Cause Severe Side Effects such as Rapid Heart Rate, Vomiting, Agitation, Confusion, And Hallucinations
Opportunities:
Increasing Research and Development by Pharmaceutical Industry
The Cannabinoid Biosynthesis market study is being classified, by Application and major geographies with country level break-up.
The demand for Cannabinoid Biosynthesis is increasing with each passing day. Companies in this industry are facing significant constraints. Many worldwide and regional service providers participate in the sector and compete directly with industry leaders. It has been identified that market-leading players are investing heavily in technological development, and resource utilization to boost their market position. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Cannabinoid Biosynthesis market throughout the predicted period.
Creo (United States), Deloitte (United Kingdom), Demetria (United States), Precigen (United States), Hyasynth Biologicals Inc. (Canada), Willow Biosciences (Canada), Ginkgo Bioworks (United States), CB Therapeutics (United States), InMed Pharmaceuticals (Canada) and Surterra (Unites States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Lavvan (United States), Librede (United States) and BayMedica (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Cannabinoid Biosynthesis market by Type, Application and Region.
On the basis of geography, the market of Cannabinoid Biosynthesis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In February 2021, Jazz Pharmaceuticals announced to the acquisition of GW Pharmaceutical Plc. GW is one of the key players in discovering, developing, manufacturing, and commercializing novel, regulatory-approved therapeutics from its proprietary cannabinoid product platform to address a broad range of diseases.
European Union, the cultivation and processing of cannabis and hemp plants is regulated by individual member states, although there are some EU-wide regulations related to the safety and quality of food and medicine products that may apply to cannabinoids produced through biosynthesis.
Key Target Audience
Venture and Capitalist, New Entrants/Investors, Analysts and Strategic Business Partners, Raw Material Suppliers and Distributors, Healthcare and End-Use Industries
Cannabinoid Biosynthesis Market Study: Important Years
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 |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Cannabinoid Biosynthesis Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Cannabinoid Biosynthesis industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.