Press release
Cannabis Products Market 2020 Industry Growth Analysis, Segmentation, Size, Share, Trend, Future Demand and Top Players
Cannabis Products Market
The global cannabis products market is expected to grow from $16.6 billion in 2019 to $19 billion in 2020 at a compound annual growth rate (CAGR) of 14.9%. The consumption pattern in cannabis market has been rapidly shifting due to the COVID-19 outbreak. The majority of the European and North American consumers intended to either maintaining or increasing their purchase of cannabis products. The market is then expected to recover and grow at a CAGR of 29.9% from 2021 and reach $39.7 billion in 2023.
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The cannabis products market consists of sales of cannabis products and related services. Cannabis is a psychoactive drug which is obtained from the cannabis plant of the cannabaceae family. Cannabis can be used for the treatment of various diseases such as chronic pain, cancer pain, depression, anxiety disorders, sleep disturbances and neurological disorders.
The presence of several legal norms related to the use and possession of cannabis is an important restraint on the cannabis products market. These norms include regulations of the Food and Drug Administration (FDA) as well as rules set up by the government of each state in the USA. The FDA reviews all applications of cannabis products for their safety and effectiveness. Despite having laws allowing cannabis businesses, many states in the USA still do not allow such businesses.
Cannabis Products Market Segmentation:
By Product Type
1.Flower
2.Concentrates and Others
By Usage
1.Medical
2.Recreational
By Compound
1.THC-Dominant
2.CBD-Dominant
3.Balanced THC and CBD
By Route of Administration
1.Oral solutions and capsules
2.Smoking
3.Vaporizers
4.Topicals And Others
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Few Points From Table Of Content
1. Executive Summary
2. Cannabis Products Market Characteristics
3. Cannabis Products Market Size And Growth
4. Cannabis Products Market Segmentation
5. Cannabis Products Market Regional And Country Analysis
...
25. Cannabis Products Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Cannabis Products Market
27. Cannabis Products Market Trends And Strategies
28. Cannabis Products Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the cannabis products market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the cannabis products market are Canopy Growth Corporation, Aphria Inc, Aurora Cannabis, Cara Therapeutics, GW Pharmaceuticals PLC, Maricann Group, Tilray, The Cronos Group, Tikun Olam, United Cannabis Corporation
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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