Recreational Cannabis Market is estimated to grow at a CAGR of 3.5% for 2021 to 2028 with factors such as legalization of the product across nations and the increase in research and development activities and investment.
However, high cost of medical recreational cannabis-based products and implementation of stringent regulations associated with the product is a vital factor restraining the market growth.
Recreational cannabis market has shown an exceptional penetration in developed economies in North America due to rise in the legalization of cannabis for both medical and recreational purposes.
According to Data Bridge Market Research recreational cannabis market is witnessing a significant growth in developed economies during the forecast period of 2021-2028 due to factors such as, demand of recreational cannabis based from various end-user industries such as food and beverage, pharmaceuticals, healthcare and personal care and shift in consumer’s preference towards medical cannabis based oil extract-infused products.
Now the question is which are the other regions recreational cannabis market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific recreational cannabis market. The Data bridge market research new reports highlight the major growth factors and opportunities in the recreational cannabis market.
For more analysis on the recreational cannabis market request for a briefing with our analysts. https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-recreational-cannabis-market
Recreational cannabis market is segmented on the basis of countries into U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa
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Key Market Competitors Covered in the report
Above are the key players covered in the report, to know about more and exhaustive list of recreational cannabis market companies, contact us.https://www.databridgemarketresearch.com/toc/?dbmr=global-recreational-cannabis-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated 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 enquiry.
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, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Recreational Cannabis Market – Industry Trends and Forecast to 2028