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), By Company (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 Others) Read more
- FMCG
- Jun 2023
- 165
- PDF, Excel, PPT
Market Definition
Cannabidiol (CBD) is derived from the cannabis plant & is made using hemp extract & oil. It has been legalized for medicinal, recreational, or other personal uses across some regions & can be consumed in various forms like edibles - gummies, candies, beverages, and chocolates. It is used to treat a variety of disorders such as anxiety, sleep disorder, neurological pain, sleep disorder, chronic pain as well as stress & nausea.
Market Insights & Analysis: Europe Cannabidiol (CBD) Market (2023-28)
The Europe Cannabidiol (CBD) market is projected to grow at a CAGR of around 24.57% during the forecast period, i.e., 2023-28. This is due to the rising legalization provisions related to various CBD products in various countries of the region, which are further raising the acceptance of CBD by numerous users. In 2020, the European Court of Justice stated that CBD is not to be considered a narcotic substance under the European Union (EU) law. Such supportive rulings are raising the use of CBD products for a varied number of purposes such as recreational, cosmetics, etc., which was earlier restricted majorly to health-related purposes in the form of vitamins & dietary supplements (VDS) & weight management products.
The liberal approach of Switzerland towards the CBD industry, which permits the sales of hemp flowers & curtails the requirement of a license for hemp cultivation, makes the country a major leader in the growth of the Cannabidiol market in the region. Also, in 2022 Switzerland began a three-year trial period in which cannabis can be sold for recreational use, which would result in market growth in Europe during the forthcoming period.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 24.57% |
| Country Covered | Germany, The UK, France, Italy, Netherlands, Rest of the Europe |
| Key Companies Profiled | 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 |
| Unit Denominations | USD Million/Billion |
In addition, the increasing public & private efforts toward promoting cannabidiol products through online sales platforms are proliferating the market demand in the region. This is further expected to churn numerous opportunities in the region, supporting it to become a major market for CBD products in the upcoming years. For instance:
- In 2022, an online trading platform, CBX Stock Exchange (CBX), was launched in Geneva, Switzerland, to promote "seed-to-shelf" quality & transparency for cannabis products. It aims to connect the producers with a range of industries from wellness to beauty, offering to trade in cannabis flowers, hemp biomass, distillates & isolates, and tinctures.
Hence, the Europe Cannabidiol (CBD) Market would experience commendable growth in the forthcoming years, owing to the heightening adoption of diverse applications, such as medicinal purposes, consumer hemp products, etc., accompanied by the increasing educational level of consumers towards the health benefits of cannabidiol & relaxation in the legal norms by various governments.
Europe Cannabidiol (CBD) Market Research Report (2023-2028) - Table of Contents
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Europe Cannabidiol (CBD) Market Trends & Insights
- Europe Cannabidiol (CBD) Market Dynamics
- Drivers
- Challenges
- Europe Cannabidiol (CBD) Market Regulations & Policies
- Europe Cannabidiol (CBD) Market Hotspot & Opportunities
- Europe Cannabidiol (CBD) Market Key Strategic Imperatives for Success & Growth
- Europe Cannabidiol (CBD) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- 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
- By Company
- Revenue Shares
- Competition Characteristics
- By Application
- Market Size & Analysis
- The UK Cannabidiol (CBD) Market Outlook, 2018-2028F
- Market Size and Analysis
- By Revenue (USD Million)
- Market Share and Analysis
- By Application
- By Product Type
- By Distribution Channel
- Market Size and Analysis
- Netherlands Cannabidiol (CBD) Market Outlook, 2018-2028F
- Market Size and Analysis
- By Revenue (USD Million)
- Market Share and Analysis
- By Application
- By Product Type
- Market Size and Analysis
- France Cannabidiol (CBD) Market Outlook, 2018-2028F
- Market Size and Analysis
- By Revenue (USD Million)
- Market Share and Analysis
- By Application
- By Product Type
- Market Size and Analysis
- Germany Cannabidiol (CBD) Market Outlook, 2018-2028F
- Market Size and Analysis
- By Revenue (USD Million)
- Market Share and Analysis
- By Application
- By Product Type
- Market Size and Analysis
- Italy Cannabidiol (CBD) Market Outlook, 2018-2028F
- Market Size and Analysis
- By Revenue (USD Million)
- Market Share and Analysis
- By Application
- By Product Type
- Market Size and Analysis
- Competitive Outlook
- Competition Matrix
- Research & Development
- Strategic Alliance
- Strategic Initiatives
- Financial Performance
- Company Profile
- Aurora Europe
- uHemp
- Sequoya
- Endoca
- CBD One Ltd.
- Formula Swiss
- Spectrums Europe
- MH medical hemp GmbH
- Green Brothers
- Canopy Growth Corporation
- Others
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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