Europe Cannabis Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (Flower, Concentrates, and Others); Application (Medical, and Recreational); Compound (Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant, Balanced THC and CBD), and Country
Market Introduction
The use of cannabis in the medical industry has grown significantly in recent years. It is used to make 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. 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.
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Market Overview and Dynamics
The Europe cannabis market is expected to reach US$ 36,997.1 million by 2027 from US$ 3,498.1 million in 2019. The market is anticipated to grow with a CAGR of 29.6% from 2020 to 2027. Factors driving the market growth include up-gradation of regulations for medical cannabis, and growing cannabis industry. It is also expected that the demand for cannabis product during OCVID-19 pandemic will increase to treat breathing illness, nausea and vomiting symptoms. However, challenges related to cannabis are likely to hinder the market growth during the forecast period.
Key Market Segments
In terms of product type, the flowers segment held the largest share of the market in 2019; however, the concentrates segment is anticipated to register the highest CAGR in the market during the forecast period. In terms of application, the medical segment held a larger share of the market in 2019 and the recreational segment is estimated to register a higher market share in the market during the forecast period. Likewise, in terms of compound, the pain management segment held a larger share of the market in 2019 and is estimated to register a higher CAGR in the market during the forecast period.
Major Sources and Companies Listed
European Food Safety Authority, European Monitoring Centre for Drugs and Drug Addiction, and International Cannabis and Cannabinoids Institute are some of the major primary and secondary sources for the Europe cannabis market included in the report.
Reasons to buy the report
- To understand the Europe cannabis market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for the Europe cannabis market
- Efficiently plan M&A and partnership deals in the Europe cannabis market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form the Europe cannabis market
- Obtain market revenue forecast for market by various segments from 2019 to 2027 in the region
Europe Cannabis Market Segmentation
By Product Type
- Flowers
- Concentrates
- Others
By Application
- Medical
- Pain Management
- Neurological Health Management
- Mental Health Management
- Others
- Recreational
By Compound
- Tetrahydrocannabinol (THC)-Dominant
- Cannabidiol (CBD)-Dominant
- Balanced THC and CBD
Company Profiles
- Aphria, Inc.
- Aurora Cannabis
- Cannabis Science, Inc.
- Canopy Growth Corporation
- Medical Marijuana, Inc.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Cannabis Market– By Product Type
1.3.2 Europe Cannabis Market– By Application
1.3.3 Europe Cannabis Market – By Compound
1.3.4 Europe Cannabis Market– By Region
2. Cannabis Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Cannabis – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Expert Opinion
5. Europe Cannabis Market – Industry Dynamics
5.1 Key Drivers
5.1.1 Up-gradation of Regulations for Medical Cannabis
5.1.2 Growing Cannabis Industry
5.2 Key Market Restraints
5.2.1 Challenges Related to Cannabis
5.3 Key Market Opportunities
5.3.1 Rising Market Consolidations
5.4 Future Trends
5.4.1 Growing Acceptance of Cannabis Products
5.5 Impact Analysis
6. Cannabis Market – Regional Analysis
6.1 Europe Cannabis Market Revenue Forecast And Analysis
6.2 Market Positioning of Key Players
7. Cannabis Market Analysis – By Product Type
7.1 Overview
7.2 Cannabis Market Revenue Share, by Product Type, 2019 and 2027 (%)
7.2.1 Europe Cannabis Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
7.3 Flowers Market
7.3.1 Overview
7.3.2 Flowers Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Concentrates Market
7.4.1 Overview
7.4.2 Concentrates Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Others Market
7.5.1 Overview
7.5.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
8. Cannabis Market – By Application
8.1 Overview
8.2 Cannabis Market, by Application, 2019 and 2027 (%)
8.2.1 Europe Cannabis Market, by Application – Revenue and Forecast to 2027 (USD Million)
8.3 Medical Market
8.3.1 Overview
8.3.2 Medical Market Revenue and Forecast to 2027 (US$ Mn)
8.3.3 Pain Management
8.3.3.1 Overview
8.3.3.2 Pain Management Market Revenue and Forecast to 2027 (US$ Mn)
8.3.4 Neurological Health Management
8.3.4.1 Overview
8.3.4.2 Neurological Health Management Market Revenue and Forecast to 2027 (US$ Mn)
8.3.5 Mental Health Management
8.3.5.1 Overview
8.3.5.2 Mental Health Management Market Revenue and Forecast to 2027 (US$ Mn)
8.3.6 Others
8.3.6.1 Overview
8.3.6.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Recreational Market
8.4.1 Overview
8.4.2 Recreational Market Revenue and Forecast to 2027 (US$ Mn)
9. Cannabis Market – By Compound
9.1 Overview
9.2 Cannabis Market, by Compound, 2019 and 2027 (%)
9.2.1 Europe Cannabis Market, by Compound – Revenue and Forecast to 2027 (USD Million)
9.3 Tetrahydrocannabinol (THC)-Dominant Market
9.3.1 Overview
9.3.2 Tetrahydrocannabinol (THC)-Dominant Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Cannabidiol (CBD)-Dominant Market
9.4.1 Overview
9.4.2 Cannabidiol (CBD)-Dominant Market Revenue and Forecast to 2027 (US$ Mn)
9.5 Balanced THC and CBD Market
9.5.1 Overview
9.5.2 Balanced THC and CBD Market Revenue and Forecast to 2027 (US$ Mn)
10. Cannabis Market– Regional Analysis
10.1 Europe: Cannabis Market
10.1.1 Overview
10.1.2 Europe: Cannabis Market– Revenue and Forecast to 2027 (USD Million)
10.1.2.1 Europe Cannabis Market Revenue and Forecasts, by Product Type (US$ Mn)
10.1.2.2 Europe Cannabis Market Revenue and Forecasts, By Application (US$ Mn)
10.1.2.2.1 Europe Medical Market Revenue and Forecasts, By Type (US$ Mn)
10.1.2.3 Europe Cannabis Market Revenue and Forecasts, by Compound (US$ Mn)
10.1.2.4 Europe Cannabis Market Revenue and Forecasts to 2027, By Country (%)
10.1.2.5 UK Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.5.1 UK Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.5.2 UK Cannabis Market Revenue and Forecasts, by Product Type(US$ Mn)
10.1.2.5.3 UK Cannabis Market Revenue and Forecasts, by Application (US$ Mn)
10.1.2.5.3.1 UK Medical Market Revenue and Forecasts, By Type (US$ Mn)
10.1.2.5.4 UK Cannabis Market Revenue and Forecasts, by Compound (US$ Mn)
10.1.2.6 Germany Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.6.1 Germany Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.6.2 Germany Cannabis Market Revenue and Forecasts, by Product Type(US$ Mn)
10.1.2.6.3 Germany Cannabis Market Revenue and Forecasts, by Application (US$ Mn)
10.1.2.6.3.1 Germany Medical Market Revenue and Forecasts, By Type (US$ Mn)
10.1.2.6.4 Germany Cannabis Market Revenue and Forecasts, by Compound (US$ Mn)
10.1.2.7 France Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.7.1 France Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.7.2 France Cannabis Market revenue and forecasts, by Product Type(US$ Mn)
10.1.2.7.3 France Cannabis Market Revenue and Forecasts, by Application (US$ Mn)
10.1.2.7.3.1 France Medical Market Revenue and Forecasts, By Type (US$ Mn)
10.1.2.7.4 France Cannabis Market Revenue and Forecasts, by Compound (US$ Mn)
10.1.2.8 Italy Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.8.1 Italy Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.8.2 Italy Cannabis Market Revenue and Forecasts, by Product Type(US$ Mn)
10.1.2.8.3 Italy Cannabis Market Revenue and Forecasts, by Application (US$ Mn)
10.1.2.8.3.1 Italy Medical Market Revenue and Forecasts, By Type (US$ Mn)
10.1.2.8.4 Italy Cannabis Market Revenue and Forecasts, by Compound (US$ Mn)
10.1.2.9 Spain Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.9.1 Spain Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.9.2 Spain Cannabis Market Revenue and Forecasts, by Product Type(US$ Mn)
10.1.2.9.3 Spain Cannabis Market Revenue and Forecasts, by Application (US$ Mn)
10.1.2.9.3.1 Spain Medical Market Revenue and Forecasts, By Type (US$ Mn)
10.1.2.9.4 Spain Cannabis Market Revenue and Forecasts, by Compound (US$ Mn)
11. Impact of COVID-19 Pandemic on Europe Cannabis Market
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Cannabis Market–Key Company Profiles
12.1 Aphria, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 Product Portfolio
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Aurora Cannabis
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 Product Portfolio
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Cannabis Science, INC.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 Product Portfolio
12.3.5 Swot Analysis
12.3.6 Key Developments
12.4 Canopy Growth Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 Product Portfolio
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Medical Marijuana, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 Product portfolio
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Cannabis Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 2. Europe Cannabis Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 3. Europe Cannabis Market, by Compound – Revenue and Forecast to 2027 (USD Million)
Table 4. Europe Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
Table 5. Europe Cannabis Market Revenue And Forecasts To 2027, By Application (US$ Mn)
Table 6. Europe Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 7. Europe Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 8. UK Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
Table 9. UK Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 10. UK Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 11. UK Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 12. Germany Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
Table 13. Germany Cannabis Market Revenue And Forecasts to 2027, By Application (US$ Mn)
Table 14. Germany Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 15. Germany Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 16. France Cannabis Market Revenue and Forecasts to 2027, By Product Type(US$ Mn)
Table 17. France Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 18. France medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 19. France Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 20. Italy Cannabis Market Revenue and Forecasts to 2027, By Product Type(US$ Mn)
Table 21. Italy Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 22. Italy Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 23. Italy Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 24. Spain Cannabis Market Revenue And Forecasts to 2027, By Product Type(US$ Mn)
Table 25. Spain Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 26. Spain Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 27. Spain Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 28. Glossary of Terms, Cannabis Market
LIST OF FIGURES
Figure 1. Cannabis Market Segmentation
Figure 2. Cannabis Market Segmentation – By Region
Figure 3. Europe Cannabis Market Overview
Figure 4. Flowers Segment Held Largest Share Of Product Type Segment In The Cannabis Market
Figure 5. Italy Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Europe Analysis
Figure 7. Europe Cannabis Market – Revenue Forecast And Analysis – 2019- 2027
Figure 8. Market Positioning Of Key Players In Cannabis Market
Figure 9. Cannabis Market Revenue Share, by Product Type, 2019 and 2027 (%)
Figure 10. Flowers Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 11. Concentrates Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 12. Others Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 13. Cannabis Market, by Application 2019 and 2027 (%)
Figure 14. Medical Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 15. Pain Management Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 16. Neurological Health Management Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 17. Mental Health Management Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 18. Others Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 19. Recreational Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 20. Cannabis Market, by Compound, 2019 and 2027 (%)
Figure 21. Tetrahydrocannabinol (THC)-Dominant Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 22. Cannabidiol (CBD)-Dominant Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 23. Balanced THC and CBD Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 24. Europe: Cannabis Market, by Key Country – Revenue (2019) (USD Million)
Figure 25. Europe Cannabis Market Revenue and Forecast to 2027 (USD Million)
Figure 26. Europe Cannabis Market Revenue and Forecasts to 2027, By Country (%)
Figure 27. UK Cannabis Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 28. Germany Cannabis Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 29. France Cannabis Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 30. Italy Cannabis Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 31. Spain Cannabis Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 32. Impact of COVID-19 Pandemic on Cannabis Market in European Countries
- Aphria, Inc.
- Aurora Cannabis
- Cannabis Science, Inc.
- Canopy Growth Corporation
- Medical Marijuana, Inc.
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