Industry Analysis

Cannabis market was valued at USD 25.40 billion in 2021 and is further estimated to reach USD 168.58 billion by 2029, and is expected to grow at a CAGR of 9% during the forecast period of 2022 to 2029.

Additionally, the credible Cannabis Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Food and Beverage industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.

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Market Insights and Scope

Cannabis is a plant that is used for recreational and medical uses. People utilise the dried leaves, seed oil, and other elements of the cannabis plant. It can be a positive consequence that helps to relieve the symptoms of a variety of diseases, including chronic pain

Cannabis Market report encompasses various segments linked to Food and Beverage industry and market with comprehensive research and analysis. These comprise industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, and company market share analysis. All the data, figures and information are backed up by well recognized analysis tools which include SWOT analysis and Porter’s Five Forces analysis. So, take business to the peak level of growth with the all-inclusive Data Bridge Market research report.

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Industry Segmentation and Size

The cannabis market is segmented on the basis of product type, usage, crop variety and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Buds

• Oil

• Tinctures

• Others

Usage

• Medical

• Recreational

Crop Variety

• Cannabis Indica

• Cannabis Sativa

• Others

Distribution Channel

• Physical

• Digital

• Others

Market Country Level Analysis

The countries covered in the cannabis market report are

· U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).

A reliable Cannabis Market marketing report proves to be the finest and excellent market research report as it is formulated with the following critical factors. These consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. The report performs market study and analysis to provide market data by considering new product development from beginning to launch. The Food and Beverage business report also provides evaluations based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

Industry Share Analysis

Some of the major players operating in the cannabis market are:

• The Cronos Group (Canada)

• Tilray (US)

• Marley Natural (US)

• Aurora Cannabis (Canada)

• Cara Therapeutics (US)

• ARUMA LABS HOLDINGS PTY LIMITED (Australia)

• Medcan Australia (Australia)

• Sundial Growers Inc. (Canada)

• Canopy Growth Corporation (Canada)

• The Scotts Company LLC (US)

• Aphria Inc. (Canada)

• VIVO Cannabis Inc. (Canada)

• Cannatrek (Australia)

• SpeedWeed (US)

• GW Pharmaceuticals plc. (UK)

• Harborside Health Center (US)

• Steep Hill, Inc. (US)

• CBD Einstein. (US)

• Weedmaps (US)

Cannabis Market Report Answers the Following Questions:

How much revenue will the Cannabis Market generate by the end of the forecast period?

Which market segment is expected to have the maximum market share?

What are the influencing factors and their impact on the Cannabis Market?

Which regions are currently contributing the maximum share of the overall Cannabis Market?

What indicators are likely to stimulate the Cannabis Market?

What are the main strategies of the major players in the Cannabis Market to expand their geographic presence?

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