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

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.

Europe Cannabidiol (CBD) Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028

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

What are the major Driver the Europe Cannabidiol (CBD) industry?

 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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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

According to report, Beauty & Personal Care is expected to register a significant demand in the forecast years.

• By Product Type
• Edibles
• Flower
• Oil & Tinctures
• Pills & Capsules
• Topicals
• Others (Vape, Spray, etc.)

According to report, Edibles are estimated to acquire a considerable share of the Europe Cannabidiol (CBD) market during 2023-28.

• By Distribution Channel
• Regulated Dispensary
• Stand-Alone Retailers
• Department/Super Stores
• Online Portals

Explore the Complete Europe Cannabidiol (CBD) Market Analysis Report –

https://www.marknteladvisors.com/research-library/europe-cbd-market.html

Europe Cannabidiol (CBD) Market Share & Competitive Landscape:

Europe Cannabidiol (CBD) Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Geographical Analysis: Europe Cannabidiol (CBD) Market

By Country:

•  The UK
• Netherlands
• France
• Germany
• Italy
• Rest of Europe

Leading Companies in the Europe Cannabidiol (CBD) Market are:

• Aurora Europe
• uHemp
• Sequoya
• Endoca
• CBD One Ltd.
• Formula Swiss
• Spectrums Europe
• MH medical hemp GmbH
• Green Brothers
• Canopy Growth Corporation
• Others

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Europe Cannabidiol (CBD) Industry Recent Developments

2023: Auora Europe announced to expand its product portfolio in Germany, with two new cannabis flower products, having high THC content for the patients.

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 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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