Aphria Inc., Aurora Cannabis Inc. and Lazarus Naturals are Dominating the Europe CBD Oil Market in 2021

Europe CBD Oil Market is expected to grow with a CAGR of 40.0% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Europe  CBD oil market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in Europe  CBD oil market are introducing substantial range of product portfolios. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In June 2021, GREEN GORILLA launched a new organic broad spectrum hemp CBD infused oil which is formulated especially for pets and it doesn’t contains THC in it. This product has been launched to help ease seperatiion anxiety among pandemic in pets as a return to life & travel emerges

Aphira Inc. is the dominating player of the market. Some of the major players operating in the market are KANIBI, GREEN GORILLA, Spruce Natural Labs LLC., Green Garden Gold, REAKIRO, Qanoid B.V., Joy Organics, Pure Hemp Botanicals, CBDistillery, Evopure Ltd., PharmaHemp, Essentia Pura, MH Medical Hemp GmbH, HEXO, Emblem CANNABIS, Aurora Cannabis Inc., Diamond CBD, Elixinol Wellness Limited, NuLeaf Naturals, LLC, CBD Ultra Limited, ConnOils LLC, ENDOCA, and The Original Alternative among others.

Europe CBD Oil MarketAphria Inc.

Aphria Inc. is headquartered in Ontario, Canada and was founded in 2014.  The company is focused in manufacturing and distribution of safe medical cannabis products. The company wide range of product categories such as sativa-hybrid, indica, sativa, hybrid among which the market focused categories are sativa -hybrid, indica.

For instance,

  • In May 2019, Aphria received its European Union Good Manufacturing Practices (“EU GMP”) certification from the Malta Medicines Authority (MMA) for the production of cannabis for research and medicinal purposes. This has created growth opportunities for the company and also has strengthened its leading positing in the European Union

The company has presence in Europe.

Aurora Cannabis Inc.

Aurora Cannabis Inc is headquartered in Edmonton , Canada, and was founded in 2013. company is focused in manufacturing of CBD as well as cannabis products in order to improve health of the consumers. The company offers various product categories such as medical brands, consumer brands, among which medical brands is focused category.

For instance,

  • In May 2020,  Aurora Cannabis completed the acquisition of Reliva, LLC based in the United States. Reliva, LLC is one of the largest retail brands of CBD products and the product can be found in more than 20,000 retail stores. This acquisition has helped company to expand its distribution network and product portfolio

The company has presence in Europe.

 Lazarus Naturals

Lazarus Naturals is headquartered in Washington, U.S. and was founded in 2014. The company is focused in manufacturing CBD products that are effective and affordable to everyone. The company offers various product categories such as oil tinctures, softgels & capsules, for pets, edibles, topicals, concentrates & rso, among which oil tinctures is market focused category.

For instance,

  • In July 2021 , Lazarus Naturals  launched their sleep collection product line which includes sleep tincture. These products helps in improving sleep and reduces the pain. This product launch helps the company to attract customers who are facing insomnia problems.

The company has presence in Europe.