Europe Cannabidiol (CBD) Market Growth and Development Insight – Size, Share, Growth, and Industry Analysis

MarkNtel Advisors recently published a detailed industry analysis of the Europe Cannabidiol (CBD) Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Insights and Analysis of the Europe Cannabidiol (CBD) Market (2023-2028)

The Europe Cannabidiol (CBD) market is projected to grow at a CAGR of around 24.57% during the forecast period, i.e., 2023-28.

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What is driving the Europe Cannabidiol (CBD) market?

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.

What segments define the Europe Cannabidiol (CBD) market from 2023 to 2028? How do these segments contribute to market dynamics and growth?

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)

Region

(Germany, The UK, France, Italy, Netherlands, Rest of the Europe)

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Who are the leading key players shaping the Europe Cannabidiol (CBD) Market landscape?

Aurora Europe, uHemp, Sequoya, Endoca, CBD One Ltd., Formula Swiss, Spectrums Europe, MH medical hemp GmbH, Elixinol Wellness Limited, Green Brothers, Canopy Growth Corporation and Other

Questions Addressed in this Study

1.What factors are driving the Europe Cannabidiol (CBD) Market growth?

2.How is the Europe Cannabidiol (CBD) Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Europe Cannabidiol (CBD) Market?

4.What is the current size of the Europe Cannabidiol (CBD) Market, and how is it projected to change in the future?

6.What is the future outlook for the Europe Cannabidiol (CBD) Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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