The report "Cannabis
Market by Application (Medical and Recreational), Product Type
(Flowers and Concentrates), Compound (THC-dominant, CBD-dominant, and Balanced
THC & CBD), and Region (North America, South America, Europe, and RoW) -
Global Forecast to 2026" According to MarketsandMarkets,
the global cannabis market size is estimated to be valued at USD 20.5 billion
in 2020. It is projected to reach USD 90.4 billion by 2026, recording a CAGR of
28.0%, in terms of value. The growing medical applications of cannabis is
driving the demand for cannabis.
Browse 132 market data Tables and 60
Figures spread through 224 Pages and in-depth TOC on "Cannabis Market by Application - Global Forecast to 2026"
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=201768301
The flower segment accounted for the largest share in the
cannabis market
Based on product type, flower segment dominated the cannabis
market. Flower have a wider availability. Also, its method delivery as smoking
or vaping the cannabis flower has a quicker effect and is preferred for
fast-acting relief.
The
medical segment accounts for the second largest market share in the cannabis
market
Based on application. medical is the second-largest segment in
the overall cannabis market. The growth of this segment is majorly attributed
to the increasing legalization of medical cannabis across various regions.
Also, the consumers are becoming more aware about the medicinal benefits of
cannabis.
The
CBD-dominant segment is projected to account for the second-largest share in
the cannabis market during the forecast period
By compound, the cannabis market is segmented into THC-dominant,
CBD-dominant, and Balanced THC & CBD. CBD-dominant segment accounted for
the second-largest market share in the overall cannabis market. It is
considered one of the most therapeutic and healing part of the plant. Also,
CBD-dominant strains are preferred by consumers suffering from chronic pain,
inflammation, anxiety, and other chronic disorders.
Speak
to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=201768301
The
Europe region is the fastest-growing region in the cannabis market in the
forecast period
Europe will be the fastest-growing region in the global cannabis
market in the forecast period. The cannabis market in Europe is majorly driven
by the increasing legalization of medical cannabis in the region coupled with
healthcare system present in several Euroepan countries. Along with this, the
demand for medical cannabis is rising in the region, further fueling the growth
of European cannabis market.
This report includes a study on the marketing and development
strategies, along with the product portfolios of leading companies. It consists
of profiles of leading companies, such as Canopy Growth Corporation (Canada),
Aurora Cannabis Inc. (Canada), MedMen (US), Terra Tech Corp. (US), Aphria Inc.
(Canada), VIVO Cannabis Inc. (Canada), The Cronos Group (Canada), Medical
Marijuana Inc. (US), STENOCARE (Denmark), Tikun Olam (Israel), Organigram
Holdings Inc. (Canada), Cresco Labs (US), Indiva (Canada), Curaleaf Holding
Inc. (US), HEXO Corp. (Canada), Ecofibre Limited (Australia), Harvest Health
& Recreation (US), Green Thumb Industries (US), Maricann Group Inc.
(Canada), and TerrAscend (Canada).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000
high growth niche opportunities/threats which will impact 70% to 80% of
worldwide companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000 top
officers across eight industries worldwide approach MarketsandMarkets™ for
their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are
tracking global high growth markets following the "Growth Engagement Model
– GEM". The GEM aims at proactive collaboration with the clients to
identify new opportunities, identify most important customers, write
"Attack, avoid and defend" strategies, identify sources of incremental
revenues for both the company and its competitors. MarketsandMarkets™ now
coming up with 1,500 MicroQuadrants (Positioning top players across leaders,
emerging companies, innovators, strategic players) annually in high growth
emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000
companies this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive intelligence and market
research platform, "Knowledgestore" connects over 200,000 markets and
entire value chains for deeper understanding of the unmet insights along with
market sizing and forecasts of niche markets.
Contact:
Mr.
Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
