Europe CBN Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 10.0% from 2024 to 2030.
The Europe CBN market is experiencing a dynamic growth trajectory as industries increasingly adopt this cannabinoid for various applications. Cannabinol (CBN) is gaining significant attention for its potential benefits, particularly in the wellness, pharmaceutical, and cosmetic industries. As the demand for natural products and alternative therapies rises, CBN, known for its calming and sleep-promoting properties, is quickly becoming a sought-after ingredient in multiple sectors.
In Europe, the CBN market is expected to expand substantially, driven by both regulatory changes and evolving consumer preferences. European countries are increasingly accepting hemp-based products, and the legal framework surrounding cannabis is loosening, making it easier for businesses to invest in CBN-related research and production. As a result, manufacturers are exploring CBN’s diverse applications, from sleep aids and anti-inflammatory products to skincare formulations.
The requirement for CBN from industries is varied but consistently growing. The pharmaceutical sector, in particular, is exploring CBN’s therapeutic potential, with a focus on its use in treating insomnia, anxiety, and even chronic pain. This is fueled by consumer demand for natural solutions and the increasing recognition of cannabinoids as effective alternatives to traditional medications.
In the wellness and beauty industries, CBN is becoming a valuable ingredient due to its anti-aging properties and potential to alleviate stress. Companies are incorporating CBN into creams, oils, and serums aimed at enhancing skin health and promoting relaxation. Furthermore, the increasing number of studies supporting the efficacy of CBN in improving sleep quality and mental health are fueling its rise in these sectors.
The market’s growth is also influenced by the rise of e-commerce platforms where consumers can easily access CBN products, and the growing awareness of its potential benefits. As research progresses, and as more evidence of its safety and efficacy becomes available, the demand for CBN in Europe is poised to soar, making it an exciting time for manufacturers, investors, and consumers alike.
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Element Six
Momentive
ILJIN
Saint-Gobain
Sumitomo Electric Industries
Sandvik Hyperion
Tomei Diamond
FUNIK
Zhengzhou Zhongnan Jete Superabrasives
Famous Diamond
Besco Superabrasives
Berlt Hard Material
Zhengzhou Zhong peng
Henan Huanghe Whirlwind
Yuzhou Hehui Superhard Material
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe CBN Market
Cannabinoid Oil
Cannabinoid Tinctures
Cannabinoid Capsules
Cannabinoid Edibles
Cannabinoid Topicals
Cannabinoid Vapes
Oral Consumption
Inhalation
Topical Application
Sublingual
Healthcare & Pharmaceuticals
Personal Care & Cosmetics
Recreational Use
Therapeutic Use
Individual Consumers
Healthcare Providers
Pharmaceutical Companies
Wellness & Fitness Centers
Research Institutions
Online Retail
Specialty Stores
Pharmacies
Supermarkets & Hypermarkets
Dispensaries
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe CBN Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe CBN Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe CBN Market, By Type
6. Europe CBN Market, By Application
7. Europe CBN Market, By Geography
Europe
Germany
UK
France
8. Europe CBN Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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