MarkNtel Advisors Research has recently published an extensive study titled ” Europe Cannabidiol (CBD) Market 2023-2028,” which assures that you will stay better informed than your competitors. This study offers a comprehensive view of the market, providing valuable insights and analysis to enhance your chances of survival and success in the market. The Europe Cannabidiol (CBD) market report is an invaluable resource for the Europe Cannabidiol (CBD) industry, enabling strategic decision-making and the achievement of growth objectives. The analysis presented in this report examines various segments expected to experience rapid growth within the forecast period.
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Additionally, the report includes company profiles, product specifications, production values, manufacturer contact information, and market shares. It provides the Europe Cannabidiol (CBD) industry with the knowledge needed to uncover the best market opportunities and efficiently navigate the path to success.
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Europe Cannabidiol (CBD) Market Insights:
The Europe Cannabidiol (CBD) market is projected to grow at a CAGR of around 24.57% during the forecast period, i.e., 2023-28.
List of prominent companies operating in the Europe Cannabidiol (CBD) Market:
-Aurora Europe
-uHemp
-Sequoya
-Endoca
-CBD One Ltd.
-Formula Swiss
-Spectrums Europe
-MH medical hemp GmbH
-Green Brothers
-Canopy Growth Corporation
-Others
The following section delves into the dynamics of the Europe Cannabidiol (CBD) Market, aiming to comprehensively explore market drivers, advantages, opportunities, constraints, and challenges. Each of these aspects is discussed in detail below:
Burgeoning Investment in Research & Development Activities – The CBD market is quite competitive due to the presence of a large number of national & international companies initiating various research & development activities. Consequently, the growing research & development for the wide applications of CBD accelerated the growth of the market in recent years. To foster the growth of CBD, the government of countries such as Germany, France, etc., are investing heavily in research & development activities to make use of CBD for the development of new products in the field of cosmetics, medicine, pet food, etc., hence improving the market value. Moreover, pharmaceutical companies are developing cannabidiol-based medicines to treat Fragile X syndrome, gastrointestinal disorders, and neurological diseases such as epilepsy, schizophrenia, etc., while conducting several clinical trials. For instance:
In 2022, the Spanish pharmaceutical company Trichome Pharma announced that it had received approval from the Spanish Agency of Medicines and Medical Devices (AEMPS) to cultivate medicinal cannabis for research purposes.
Thus, rising research & development activities & the emerging wide applications of CBD products would support the growth of the Europe Cannabidiol (CBD) market in the upcoming years.
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-By Application
-Medicinal Use
-Beauty & Personal Care
-Pets
-Recreational
-By Product Type
-Edibles
-Flower
-Oil & Tinctures
-Pills & Capsules
-Topicals
-Others (Vape, Spray, etc.)
-By Distribution Channel
-Regulated Dispensary
-Stand-Alone Retailers
-Department/Super Stores
-Online Portals
-By Country
-The UK
-Netherlands
-France
-Germany
-Italy
-Rest of Europe
The Europe Cannabidiol (CBD) Market Report provides answers to the following questions:
1. Currently, what is the size of the Europe Cannabidiol (CBD) Market?
2. What is the expected growth rate, or CAGR, for the Europe Cannabidiol (CBD) Market from 2023 to 2028?
3. Are there any significant developments and growth opportunities for key participants in the Europe Cannabidiol (CBD) Market?
4. Who are the prominent and influential players in the Europe Cannabidiol (CBD) Market?
5. Which specific segment offers promising opportunities for businesses involved in the Europe Cannabidiol (CBD) Market?
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