Europe CBD Products Market Research Report Forecast to 2028
The Europe CBD products market has witnessed substantial growth over the last few years and is projected to reach USD 880.56 million by the end of 2028, registering a CAGR of 9.74% during the forecast period, 2021–2028. Few significant reasons for the growth of the Europe CBD products market are growing incidences of chronic diseases and related health issues among consumers, followed by the gradual legalization of cannabinoid (CBD) across Europe. Moreover, megatrends and technological advancements in the production process and increasing R&D on cannabinoids have provided the market players an opportunity to flourish in the Europe CBD products market. However, adverse health effects associated with the consumption of cannabis are expected to hinder market growth in the next few years.
The Europe CBD products market is expected to record a CAGR of 9.74% during the forecast period. The rising prevalence of chronic diseases and related complications are the key factors driving the growth of the Europe CBD products market. The legalization of cannabinoid (CBD) in Europe is another factor contributing to the growth of the CBD products market. Moreover, megatrends and technological advancements and increasing R&D in cannabinoid Ayurveda are likely to create an opportunistic market for the players to grow and expand. However, adverse effects associated with cannabis among CBD products manufacturers create a challenging situation for the players in the Europe CBD products market.
Market Segmentation
Based on type, the Europe CBD products market has been segmented into CBD oil, CBD buds, and others. The CBD oil segment accounted for the largest market share of 81.17% in 2020.
Based on application, the Europe CBD products market has been segmented into cosmetics and medical purpose. The medical purpose segment accounted for a larger market share of 73.25% in 2020.
Regional Analysis
Europe CBD products market has been segmented, based on country, into UK, Germany, France, Spain, Italy, Switzerland, Austria, Poland, and the Rest of Europe.
Germany accounted for the largest market share of 25.07% in 2020, with a market value of USD 105.19 million; the market is expected to register a CAGR of 9.90%. The UK was the second-largest market in 2020, valued at USD 97.68 million; the market is projected to exhibit a CAGR of 9.49%. However, the market in Rest of Europe is expected to register the highest CAGR of 10.65% during the forecast period.
Major Players
The key players operating in the Europe CBD products market include CV Sciences, Inc. (US), Hempire Gardens (Spain), Essentia Pura d.o.o. (Slovenia), Cannactiva SCP (Spain), Ilesol Pharmaceuticals d.o.o. (Republic of Croatia), Hempifarm (Netherlands), Sequoia Cannabis Ltd. (Poland), Candropharm BV (Netherlands), Grünkraft AG (Switzerland) and Widora International Srl (Italy) and the market also comprises several local players.
COVID 19 Impacts
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Companies Mentioned
CV Sciences
Inc. (US)
Hempire Gardens (Spain)
Essentia Pura d.o.o. (Slovenia)
Cannactiva SCP (Spain)
Ilesol Pharmaceuticals d.o.o. (Republic of Croatia)
Hempifarm (Netherlands)
Sequoia Cannabis Ltd. (Poland)
Candropharm BV (Netherlands)
Grünkraft AG (Switzerland) and Widora International Srl (Italy)
- 1 Executive Summary
- 1.1 Market Attractiveness Analysis
- 1.1.1 Europe Cbd Products Market, By Type
- 1.1.2 Europe Cbd Products Market, By Application
- 2 Market Introduction
- 2.1 Definition
- 2.2 Scope Of The Study
- 2.3 Research Objective
- 2.4 Market Structure
- 2.5 Key Buying Criteria
- 3 Research Methodology
- 3.1 Research Process
- 3.2 Primary Research
- 3.3 Secondary Research
- 3.4 Market Size Estimation
- 3.5 Forecast Model
- 3.6 List Of Assumptions & Limitations
- 4 Market Insights
- 5 Market Dynamics
- 5.1 Introduction
- 5.2 Drivers
- 5.2.1 Rising Occurrence Of Chronic Diseases And Related Complications
- 5.2.2 Legalization Of Cannabinoid (Cbd) In Europe
- 5.2.3 Drivers Impact Analysis
- 5.3 Restraints
- 5.3.1 Adverse Effects Associated With Cannabis
- 5.3.2 Restraints Impact Analysis
- 5.4 Opportunities
- 5.4.1 Megatrends And Technological Advancements
- 5.4.2 Increasing R&D On Cannabinoid
- 6 Market Factor Analysis
- 6.1 Value Chain Analysis
- 6.1.1 Research & Development
- 6.1.2 Manufacturing
- 6.1.3 Distribution & Sales
- 6.1.4 Post-sales Monitoring
- 6.2 Technological Innovation
- 6.2.1 Cbd Hemp Farming
- 6.2.2 Extraction Methods
- 6.2.3 Emulsion Technology
- 6.3 Competitors & Product Analysis
- 6.3.1 Introduction
- 6.3.2 Market Strategy Analysis
- 6.3.3 Product Analysis
- 6.4 Regulatory Scenario
- 6.5 Porter’s Five Forces Model
- 6.5.1 Threat Of New Entrants
- 6.5.2 Bargaining Power Of Suppliers
- 6.5.3 Threat Of Substitutes
- 6.5.4 Bargaining Power Of Buyers
- 6.5.5 Intensity Of Rivalry
- 6.6 New Investment Analysis
- 6.7 Pestel Analysis
- 6.7.1 Political Factors
- 6.7.2 Economical Factors
- 6.7.3 Social Factors
- 6.7.4 Technological Factors
- 6.7.5 Environmental Factors
- 6.7.6 Legal Factors
- 6.8 Impact Of The Covid-19 Outbreak On Europe Cbd Products Market
- 6.8.1 Overview
- 6.8.2 Impact On Consumer Behaviour
- 6.8.3 Impact On Europe
- 6.8.4 Impact On Pricing
- 6.8.5 Impact On The Industry
- 7 Europe Cbd Products Market, By Type
- 7.1 Overview
- 7.1.1 Europe Cbd Products Market Estimates & Forecast, By Type, 2016–2028
- 7.2 Cbd Oil
- 7.2.1 Cbd Oil: Market Estimates & Forecast, By Country, 2016–2028
- 7.3 Cbd Buds
- 7.3.1 Cbd Buds: Market Estimates & Forecast, By Country, 2016–2028
- 7.4 Others
- 7.4.1 Others: Market Estimates & Forecast, By Country, 2016–2028
- 8 Europe Cbd Products Market, By Application
- 8.1 Overview
- 8.1.1 Europe Cbd Products Market Estimates & Forecast, By Application, 2016–2028
- 8.2 Cosmetics
- 8.2.1 Cosmetics: Market Estimates & Forecast, By Country, 2016–2028
- 8.3 Medical Purpose
- 8.3.1 Medical Purpose: Market Estimates & Forecast, By Country, 2016–2028
- 9 Europe Cbd Products Market, By Country
- 9.1 Overview
- 9.2 Uk
- 9.3 Germany
- 9.4 France
- 9.5 Spain
- 9.6 Italy
- 9.7 Switzerland
- 9.8 Austria
- 9.9 Poland
- 9.10 Rest Of Europe
- 10 Company Profiles
- 10.1 Cv Sciences, Inc.
- 10.1.1 Company Overview
- 10.1.2 Financial Overview
- 10.1.3 Products Offered
- 10.1.4 Swot Analysis
- 10.2 Hempire Gardens
- 10.2.1 Company Overview
- 10.2.2 Financial Overview
- 10.2.3 Products Offered
- 10.2.4 Swot Analysis
- 10.3 Essentia Pura D.O.O.
- 10.3.1 Company Overview
- 10.3.2 Financial Overview
- 10.3.3 Products Offered
- 10.3.4 Swot Analysis
- 10.4 Cannactiva Scp
- 10.4.1 Company Overview
- 10.4.2 Financial Overview
- 10.4.3 Products Offered
- 10.4.4 Swot Analysis
- 10.5 Ilesol Pharmaceuticals D.O.O.
- 10.5.1 Company Overview
- 10.5.2 Financial Overview
- 10.5.3 Products Offered
- 10.5.4 Swot Analysis
- 10.6 Hempifarm
- 10.6.1 Company Overview
- 10.6.2 Financial Overview
- 10.6.3 Products Offered
- 10.6.4 Swot Analysis
- 10.7 Sequoia Cannabis Ltd.
- 10.7.1 Company Overview
- 10.7.2 Financial Overview
- 10.7.3 Products Offered
- 10.7.4 Swot Analysis
- 10.8 Candropharm Bv
- 10.8.1 Company Overview
- 10.8.2 Financial Overview
- 10.8.3 Products Offered
- 10.8.4 Swot Analysis
- 10.9 Grünkraft Ag
- 10.9.1 Company Overview
- 10.9.2 Financial Overview
- 10.9.3 Products Offered
- 10.9.4 Swot Analysis
- 10.10 Widora International Srl
- 10.10.1 Company Overview
- 10.10.2 Financial Overview
- 10.10.3 Products Offered
- 10.10.4 Swot Analysis
- 11 References
- List Of Tables
- Table 1 Primary Interviews
- Table 2 List Of Assumptions & Limitations
- Table 3 Status Of Legality Of Cbd In Europe:
- Table 4 Europe Cbd Products Market Estimates & Forecast, By Type, 2016–2028 (Usd Million)
- Table 5 Cbd Oil: Market Estimates & Forecast, By Country, 2016–2028 (Usd Million)
- Table 6 Cbd Buds: Market Estimates & Forecast, By Country, 2016–2028 (Usd Million)
- Table 7 Others: Market Estimates & Forecast, By Country, 2016–2028 (Usd Million)
- Table 8 Europe Cbd Products Market Estimates & Forecast, By Application, 2016–2028 (Usd Million)
- Table 9 Cosmetics: Market Estimates & Forecast, By Country, 2016–2028 (Usd Million)
- Table 10 Medical Purpose: Market Estimates & Forecast, By Country, 2016–2028 (Usd Million)
- Table 11 Europe Cbd Products Market Estimates & Forecast, By Country, 2016–2028 (Usd Million)
- Table 12 Uk: Cbd Products Market, By Type, 2016–2028 (Usd Million)
- Table 13 Uk: Cbd Products Market, By Application, 2016–2028 (Usd Million)
- Table 14 Germany: Cbd Products Market, By Type, 2016–2028 (Usd Million)
- Table 15 Germany: Cbd Products Market, By Application, 2016–2028 (Usd Million)
- Table 16 France: Cbd Products Market, By Type, 2016–2028 (Usd Million)
- Table 17 France: Cbd Products Market, By Application, 2016–2028 (Usd Million)
- Table 18 Spain: Cbd Products Market, By Type, 2016–2028 (Usd Million)
- Table 19 Spain: Cbd Products Market, By Application, 2016–2028 (Usd Million)
- Table 20 Italy: Cbd Products Market, By Type, 2016–2028 (Usd Million)
- Table 21 Italy: Cbd Products Market, By Application, 2016–2028 (Usd Million)
- Table 22 Switzerland: Cbd Products Market, By Type, 2016–2028 (Usd Million)
- Table 23 Switzerland: Cbd Products Market, By Application, 2016–2028 (Usd Million)
- Table 24 Austria: Cbd Products Market, By Type, 2016–2028 (Usd Million)
- Table 25 Austria: Cbd Products Market, By Application, 2016–2028 (Usd Million)
- Table 26 Poland: Cbd Products Market, By Type, 2016–2028 (Usd Million)
- Table 27 Poland: Cbd Products Market, By Application, 2016–2028 (Usd Million)
- Table 28 Rest Of Europe: Cbd Products Market, By Type, 2016–2028 (Usd Million)
- Table 29 Rest Of Europe: Cbd Products Market, By Application, 2016–2028 (Usd Million)
- Table 30 Cv Sciences, Inc.: Products Offered
- Table 31 Hempire Gardens: Products Offered
- Table 32 Essentia Pura D.O.O: Products Offered
- Table 33 Cannactiva Scp: Products Offered
- Table 34 Ilesol Pharmaceuticals D.O.O.: Products Offered
- Table 35 Hempifarm: Products Offered
- Table 36 Sequoia Cannabis Ltd: Products Offered
- Table 37 Candropharm Bv: Products Offered
- Table 38 Grünkraft Ag: Products Offered
- Table 39 Widora International Srl: Products Offered
- List Of Figures
- Figure 1 Market Synopsis
- Figure 2 Market Attractiveness Analysis: Europe Cbd Products Market,
- Figure 3 Europe Cbd Products Market Analysis, By Type,
- Figure 4 Europe Cbd Products Market Analysis, By Application,
- Figure 5 Europe Cbd Products Market: Structure
- Figure 6 Key Buying Criteria For Cbd Products
- Figure 7 Research Process
- Figure 8 Top-down And Bottom-up Approaches
- Figure 9 Europe: Cbd Products Market Size, By Country (2020 Vs. 2028)
- Figure 10 Market Dynamics Overview
- Figure 11 Drivers Impact Analysis: Europe Cbd Products Market
- Figure 12 Restraints Impact Analysis: Europe Cbd Products Market
- Figure 13 Europe Cbd Products Market: Value Chain Analysis
- Figure 14 Competitive Benchmarking
- Figure 16 Pestel Analysis
- Figure 17 Europe Manuka Honey Market, By Type, 2020 (% Share)
- Figure 18 Europe Manuka Honey Market, By Type, 2016–2028 (Usd Million)
- Figure 19 Europe Cbd Products Market, By Application, 2020 (% Share)
- Figure 20 Europe Cbd Products Market, By Application, 2016–2028 (Usd Million)
- Figure 21 Europe Cbd Products Market, By Country, 2016–2028 (Usd Million)
- Figure 22 Europe Cbd Products Market, By Country, 2020 (% Share)
- Figure 23 Cv Sciences, Inc.: Financial Overview Snapshot
- Figure 24 Cv Sciences, Inc.: Swot Analysis
- Figure 25 Hempire Gardens: Swot Analysis
- Figure 26 Essentia Pura D.O.O: Swot Analysis
- Figure 27 Cannactiva Scp: Swot Analysis
- Figure 28 Ilesol Pharmaceuticals D.O.O.: Swot Analysis
- Figure 29 Hempifarm: Swot Analysis
- Figure 30 Sequoia Cannabis Ltd: Swot Analysis
- Figure 31 Candropharm Bv: Swot Analysis
- Figure 32 Grünkraft Ag: Swot Analysis
- Figure 33 Widora International Srl: Swot Analysis
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