Europe cannabidiol (CBD) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 26.7% in the forecast period of 2022 to 2029. Technological advancements in cannabidiol (CBD) drug treatments, rise in the healthcare sector are another factors drive growth of the Europe cannabidiol (CBD) market in the forecast period. Cannabidiol (CBD) is a chemical compound that is found in the cannabis sativa plant, and is extracted from hemp or cannabis, generally from hemp due to its naturally high cannabidiol (CBD) content. It has several benefits in treating anxiety and seizures and reducing pain. Due to its healing properties, the demand for CBD for health and wellness purposes is high, which is the major factor driving the market. Out of all cannabinoids, cannabidiol is most widely used for therapeutic reasons due to the lack of psychoactive effects. In many medical applications, cannabidiol oil is used, such as anxiety and depression treatment, stress relief, diabetes prevention, pain relief, cancer symptom relief, and inflammation. Due to the increasing adoption of CBD-based products to treat ailments, the Europe market is anticipated to grow at a lucrative rate over the forecast period. Cannabidiol oil is increasingly being used to make skincare products to treat acne and wrinkles. Sephora, for example, had recently introduced cannabidiol or CBD skincare line to its stores. Similarly, Ulta Beauty is intending to launch a cannabidiol-based product line. Several new companies are also entering the market for cannabidiol-infused cosmetic products.
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The primary factor influencing the market is the increased demand for CBD for health and wellness reasons because of its therapeutic characteristics. A significant element anticipated to increase the manufacture of CBD-infused goods is the increased acceptability and utilization of products due to regulatory approvals. Customers look for nutrient-rich, innovative, and healthy packaged foods to achieve their exercise objectives and stay away from problems like inflammation and discomfort. Products enriched with cutting-edge chemicals, including CBD oil, are being introduced by the makers. Cannabis's non-psychoactive and legal component, cannabidiol, has taken over a number of businesses, including food, health products, pharma, and cosmetics.
Europe cannabidiol (CBD) market is segmented on the basis source, grade, application, product type, nature. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the Difference in your target markets.
BY SOURCE
- HEMP
- MARIJUANA
On the basis of source, the Europe cannabidiol (CBD) market is segmented into hemp and marijuana.
BY PRODUCT TYPE
- CBD OIL
- CBD ISOLATES
- CBD CONCENTRATES
- OTHERS
On the basis of product type, the Europe cannabidiol (CBD) market is segmented into CBD oil, CBD concentrates, CBD isolates and others
BY NATURE
- ORGANIC
- INORGANIC
On the basis of nature, the Europe cannabidiol (CBD) market is segmented into organic and inorganic.
BY GRADE
- FOOD GRADE
- THERAPEUTIC GRADE
On the basis of grade, the Europe cannabidiol (CBD) market is segmented into food grade and therapeutics grade.
BY APPLICATION
- Tincture
- Food
- Beverages
- Pharmaceutical
- Topicals
- Dietary supplements
- Others
Highlight of Table of Content:
§ Chapter 1: Market overview
§ Chapter 2: Europe Cannabidiol Market analysis
§ Chapter 3: Regional analysis of the Europe Cannabidiol Market
§ Chapter 4: Market segmentation based on types and applications
§ Chapter 5: Revenue analysis based on types and applications
§ Chapter 6: Market share
§ Chapter 7: Competitive Landscape
§ Chapter 8: Drivers, Restraints, Challenges, and Opportunities
§ Chapter 9: Gross Margin and Price Analysis
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The major companies which are dealing in the cannabidiol (CBD) market are CV Sciences, Inc., VIVO Cannabis Inc., Gaia Herbs Hemp, Phoena Holdings Inc., Medical Marijuana, Inc., The Cronos Group, CHARLOTTE’S WEB, HEXO Corp., Aurora Cannabis, Canopy Growth Corporation, Jazz Pharmaceuticals, Inc., Tilray, Curaleaf, KAZMIRA, Freedom Leaf, Inc., Koi CBD, Groff North America Hemplex, Joy Organics, Elixinol Wellness Limited, Isodiol International Inc., Healthy Food Ingredients, LLC, NuLeaf Naturals, LLC, Diamond CBD, Medterra CBD, ENDOCA, Green Roads among others.
Profound Questions Answered in this Report:
· What is the growth rate of various stages in the value chain of the industry?
· Which region has the highest growth rate and size of the emerging market by value in 2021?
· Who are the competitive players in Europe Cannabidiol Market?
· Which region has the largest share and degree of competition in the industry?
· What is the CAGR of the market during the forecast period 2021 to 2027?
· Which region is expected to hold the highest market share for the market?
· What is the main driver of the Europe Cannabidiol Market?
· What is sales volume, revenue, and price analysis of top players of the market?
· What are the market opportunities and threats faced by the vendors in the industry?
· What has been the impact of COVID-19 on Europe Cannabidiol Market?
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