Europe Cannabidiol (CBD) Market Insights, Share & Growth Trends 2023-28

irenegarcia

posted on 1 week ago — updated on 1 second ago

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

Europe Cannabidiol (CBD) Market Analysis

MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Europe Cannabidiol (CBD) market. The research report on the Europe Cannabidiol (CBD) Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.

The report further comprises, “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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Europe Cannabidiol (CBD) Market Possible Restraint:

Limited Awareness Among the Consumers to Impede the Market Growth - Cannabidiol products are used for various applications such as pain, anxiety, insomnia, etc. However, the awareness about the product is still on the lower side. It has long been considered an illegal product due to its high concentration of sedatives, owing to which a large number of consumers often take a conscious approach before using it. With consumer products being available in the CBD category, market sales have rapidly increased, however, still, a large section of consumers are either not aware of the availability of products or susceptible to their usage due to their possible side effects. Thus, to combat the challenge, a wide-scale marketing & promotional strategy is followed by brands. However, lower awareness is still a major concern that is anticipated to impact the potential growth of the Europe Cannabidiol (CBD) Market.

Europe Cannabidiol (CBD) Market Segment & Geography [2023-28]

The Europe Cannabidiol (CBD) market is segmented into significant segments based on Geography.

-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

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Geographical Analysis

-By Country

The UK
Netherlands
France
Germany
Italy
Rest of Europe

Top Companies Essentially Working in 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

Frequently Asked Questions (FAQs)-

What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
What are the trends influencing the current scenario of the market?
What leading factors would propel and impede the industry across the geography?
How has the industry been evolving in terms of geography & Europe Cannabidiol (CBD) adoption?
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Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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