The study draws a forecast of the growth of the Cannabis market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
The report will empower companies to understand the
opportunities, adapt to their consumer demands, needs, and concentrate on their
best end-users. The Global Cannabis Market is projected to reach USD 48.29
billion in 2027.
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Further
key findings from the report suggest
Based on Compound, THC dominates the industry share
attributed to the fact that these compound contains the psychoactive substance
in marijuana products and is responsible for the head high feeling. Even though
high THC content is better known for its mind-altering euphoria, it has
significant medical benefits and is considered useful in relieving nausea,
appetite loss, and insomnia.
Geographically, North America, especially the United States
and Canada, dominates the market. The recent legalization of marijuana taken
place in the North America segment for medical purposes has been a significant
driver of marijuana market growth. Other major sections include Europe
(Germany, Italy, France, the Netherlands, and Spain), Asia Pacific, Latin
America, and the Middle East and Africa.
Improving lungs capacity, fighting cancer, helping in weight
reduction, treating as an antidepressant, and alleviating anxiety, among others
are some of the benefits that can be incubated from cannabis, and have been
crucial supporting factors for the market growth.
Key
players in the market include Canopy Growth Corporation,
Aurora Cannabis Inc., Tikun Olam, Cannabis Science Inc., Aphria Inc., Maricann
Group Inc., Tilray Inc., VIVO Cannabis Inc., Medical Marijuana, Inc.,
STENOCARE, Cronos Group Inc., Terra Tech Corp., and MedMen, among others.
Product
Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Flower
Concentrates
Others
Compound
Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Tetrahydrocannabinol
Cannabidiol (CBD)
Balanced THC & CBD
Application
Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Medical
Pain Management
Neurological Health Management
Mental Health Management
Others
Recreational
Others
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Table
of Content
Chapter 1. Methodology & Sources
1.1. Market
Definition
1.2. Research
Scope
1.3. Methodology
1.4. Research
Sources
1.4.1.
Primary
1.4.2.
Secondary
1.4.3. Paid
Sources
1.5. Market
Estimation Technique
Chapter 2. Executive Summary
2.1. Summary
Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Cannabis Market Segmentation & Impact
Analysis
4.1. Cannabis
Market Material Segmentation Analysis
4.2. Industrial
Outlook
4.2.1.
Market indicators analysis
4.2.2.
Market drivers analysis
4.2.2.1. Growing demand for growing medicinal application
4.2.2.2. Rising legalization of cannabis
4.2.2.3. Technological advancement in product invention
4.2.3.
Market restraints analysis
4.2.3.1. The complex regulatory framework for the usage of cannabis
4.3. Technological
Insights
4.4. Regulatory
Framework
4.5. Porter’s Five
Forces Analysis
4.6. Competitive
Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19
Impact Analysis
Continued…
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