The Europe Cannabidiol (CBD) market is projected to grow at a CAGR of around 24.57% during the forecast period, i.e., 2023-28.                                           

Europe Cannabidiol (CBD) Market Dynamics:

Burgeoning Investment in Research & Development Activities - The CBD market is quite competitive due to the presence of a large number of national & international companies initiating various research & development activities. Consequently, the growing research & development for the wide applications of CBD accelerated the growth of the market in recent years. To foster the growth of CBD, the government of countries such as Germany, France, etc., are investing heavily in research & development activities to make use of CBD for the development of new products in the field of cosmetics, medicine, pet food, etc., hence improving the market value. Moreover, pharmaceutical companies are developing cannabidiol-based medicines to treat Fragile X syndrome, gastrointestinal disorders, and neurological diseases such as epilepsy, schizophrenia, etc., while conducting several clinical trials. For instance:

·       In 2022, the Spanish pharmaceutical company Trichome Pharma announced that it had received approval from the Spanish Agency of Medicines and Medical Devices (AEMPS) to cultivate medicinal cannabis for research purposes.

Thus, rising research & development activities & the emerging wide applications of CBD products would support the growth of the Europe Cannabidiol (CBD) market in the upcoming years.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Europe Cannabidiol (CBD) Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• 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

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   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

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