Press release
Global Cannabis Market to surge at a CAGR of 32.2% by 2026 | Major Key players Profiled , Vivo Cannabis, Insys Therapeutics, CanniMed Therapeutics, Tilray, Cannabis Science, Organigrams Holding, MedReLeaf Corp, Scotts Miracle-Gro Co
This "Cannabis Market" report is a window to the Food and Beverage market which explains the terminologies like the market definition, classifications, applications, engagements, and market trends. Likewise, the report also contains the drivers and restraints for the market that are derived from SWOT analysis. The aforementioned report shows all the recent developments, product launches, joint ventures, mergers and accusations by the several key players and brands and their company profiles that are driving the market.
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Major Key Players Profiled In This Report
Canopy Growth Corporation Aurora Cannabis Inc., Medmen, Terra Tech Corp., Aphria Inc., Vivo Cannabis Inc., Chronos Group Inc., Medical Marijuana, Inc., Stenocare, Tikun Olam, Organigrams Holding Inc., Cannabis Science Inc., Maricann Group Inc., Tilray Inc, Hexo, Scotts Miracle-Gro Co., GW Pharmaceuticals PLC, MedReLeaf Corp., Insys Therapeutics Inc., CanniMed Therapeutics Inc., Cara Therapeutics Inc.
Cannabis Market Analysis:
Global cannabis market is expected to rise from its initial estimated value of USD 13.4 million in 2018 to an estimated value of USD 110.7 million by 2026, registering a CAGR of 32.2% during the forecast period of 2019-2026. This rise in market value can be attributed to rising need of plant protein amid rising amount of health concerns and veganism worldwide.
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Market Definition:
The cannabis industry is growing around the globe; since many countries have begun to accept the plant. Cannabis plant has both medical and recreational purposes. Although the cannabis market is not legalized entirely, more and more countries are beginning to explore opportunities within the industry.
Market Drivers:
• Growing medicinal application of cannabis
• Increasing legalization of cannabis
Market Restraints:
• Complex regulatory structure for the usage of cannabis
Competitive Analysis:
Global cannabis market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cannabis market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry. The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
• Competitive analysis of key competitors involved in the market
• Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
• Market drivers and restraints analysis along with the analysis of the market structure
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
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