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Global European CBD oil Market || keyplayers IRIE CBD, and NuLeaf Naturals.

Crime reduction, employment opportunities, and potential growth in tax revenue are key boosting forces for the establishment of a legal recreational cannabis market in Europe

The European CBD oil market and medical cannabis market accounted for US$ XXX billion in 2019 and is estimated to be US$ XXX billion by 2029 and is anticipated to register a CAGR of XX %.

The report. European CBD oil Market and Medical Cannabis Market, By European CBD oil Market and Medical Cannabis Market, By Source (Hemp and Marijuana), By Application (Pharmaceuticals, Cosmetics & Personal Care, and Food & Beverages), By Distribution Channel (Hypermarket/Supermarket, Online Retail, Sports Store, and Others), and By Region (U.K., Germany, Netherlands, Switzerland, Italy, France, Poland, Czech Republic, and Croatia) – Trends, Analysis and Forecast till 2030”.

Key Highlights:

  • In 2019, Cyprus legalized the cultivation and domestic use for medical use
  • In February 2019, the European Parliament enquired the European Commission to harmonize the regulatory and legal framework about cannabis products in the Europe.
  • As of February 2020, there were 17 active clinical trials, investigating the efficacy of cannabis and cannabinoid medications against diseases, in Austria, Denmark, Bulgaria, Germany, Hungary, Poland, Netherlands, Spain, Switzerland, and U.K.

Analyst View:

Regulatory Framework on Medical Cannabis

The signs of impending legalisation for marijuana’s are increasingly apparently, but there are various norms that must be undertaken to secure a stable foundation for the market. In 2018, after Canada’s decision to fully legalise recreational cannabis, the WHO began to review the plant’s legal status. The European Parliament Committee on the Environment, Public Health and Food Safety is working to establish a “region-wide regulatory framework on medical cannabis,” which could lead to multinational regulation. Thus, driving growth of the target market in European region. Moreover, crime reduction, employment opportunities, and potential growth in tax revenue are key boosting forces for the establishment of a legal recreational cannabis market in Europe.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “European CBD oil Market and Medical Cannabis Market”, By Source (Hemp and Marijuana), By Application (Pharmaceuticals, Cosmetics & Personal Care, and Food & Beverages), By Distribution Channel (Hypermarket/Supermarket, Online Retail, Sports Store, and Others), and By Region (U.K., Germany, Netherlands, Switzerland, Italy, France, Poland, Czech Republic, and Croatia) – Trends, Analysis and Forecast till 2030

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Key Market Insights from the report:        

The European CBD oil market and medical cannabis market accounted for US$ XXX billion in 2019 and is estimated to be US$ XXX billion by 2029 and is anticipated to register a CAGR of XX%. The market report has been segmented on the basis of source, application, distribution channel, and region.

  • By source, the target market is segmented into hemp and marijuana.
  • By application, the target market is segmented into pharmaceuticals, cosmetics & personal care, and food & beverages
  • By distribution channel, the target market is segmented into hypermarket/supermarket, online retail, sports store, and others

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/European-CBD0-oil-Market-4220

Competitive Landscape:

The prominent player operating in the European CBD oil market and medical cannabis market includes ENDOCA, Isodiol, Medical Marijuana, Aurora Cannabis, CBD American Shaman, Elixinol, Folium Biosciences, IRIE CBD, and NuLeaf Naturals.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

  • Explains an overview of the product portfolio, including product development, planning, and positioning
  • Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of the market revenue over the forecasted period.
  • Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
  • Study on the segments that are anticipated to dominate the market.
  • Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered

  1. Introduction
  • Study Deliverables
  • Study Assumptions
  • Scope of the Study
  1. Research Methodology
  2. Executive Summary
  • Opportunity Map Analysis
  • Market at Glance
  • Market Share (%) and BPS Analysis, by Region
  • Competitive Landscape
  • Heat Map Analysis
  • Market Presence and Specificity Analysis
  1. Investment Analysis
  2. Competitive Analysis

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