According to a new report published by the Insight Partners titled "Global Cannabis Market to 2027" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cannabis market with detailed market segmentation by product type, application, compound and geography. The global cannabis market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cannabis market players and offers key trends and opportunities in the market.
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Leading key market players mentioned in the report:-
- Aphria Inc.
- Aurora Cannabis
- Cannabis Science Inc
- Canopy Growth Corporation
- Medical Marijuana, Inc.
- MME, LLC.
- STENOCARE A/S
- Terra Tech Corp
- Tikun Olam
- VIVO Cannabis
Cannabis belongs to the cannabaceae family. Cannabis is also known with other names such as grass, pot, hash, weed, reefer, dope, herb, mull, buddha, ganja, joint, stick, buckets, cones, skunk, hydro, yarndi, smoke and hooch. Cannabis has long been used as vegetables and as juice, medicinal purposes and as a recreational drug. Cannabis is basically a drug that is obtained from Indian hemp plants named cannabis indica and cannabis sativa. There are different forms of cannabis available such as marijuana, hashish and Hash oil. Some species of cannabis are used to produce hemp fiber for use in paper, textiles and clothing. Cannabis is used for medical purposes for many years. Recent studies show that cannabis may be useful to help conditions such as nausea and vomiting, particularly when associated with chemotherapy, glaucoma, epilepsy and asthma.
Cannabis has started gaining popularity worldwide due to rising demand among consumers and increasing legalization of recreational or medical marijuana in various countries. The increasing number of companies operating in the cannabis market is expected to bolster the quantity and variety of products reaching the end users. Moreover, growing medicinal application of cannabis coupled with increasing legalization of cannabis are the key factors driving the cannabis market. However, a complex regulatory structure for the usage of cannabis is the factor anticipated to hamper the growth of the market over the projected period. Product development through research and novel product delivery solutions provides a developing potential for the market players in the near future.
The global cannabis market is segmented on the basis of product type, application and compound. Based on product type the global cannabis is divided into, flower, concentrates and others. Likewise, on the basis of application the market is categorized into, medical and recreational. The medical segment is further bifurcated into pain management, neurological health management, mental health management and others. On the basis of compound, the global cannabis market is segmented into Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant and Balanced THC & CBD.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cannabis market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cannabis market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cannabis market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the cannabis market in these regions.
The reports cover key developments in the cannabis market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cannabis market are anticipated to lucrative growth opportunities in the future with the rising demand for cannabis in the global market. Below mentioned is the list of few companies engaged in the cannabis market.
Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
- Imbibe the advancements and progress in the market during the forecast period.
- Understand where the market opportunities lies.
- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
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