Global Legal Marijuana Market, By Type (Recreational Marijuana, Medical Marijuana), Application (Chronic Pain, Mental Disorders, Cancer, Others), Product Type (Buds, Oils, Tinctures, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Legal Marijuana Market
Legal marijuana market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 90.83 billion by 2027 growing at a CAGR of 20.0% in the above-mentioned forecast period.
The growth in the legalization of cannabis in numerous nations is a prime determinant stimulating market germination. The effectiveness of marijuana for therapeutic objectives is augmenting momentum across the world due to current legalizations in multiple nations. Medicinal hemp is used for the medication of persistent diseases, such as malignancy, arthropathy, and neurological maladies, such as stress, panic attacks, Alzheimer’s sickness, and Parkinson’s disorders. The high predominance of cancer is anticipated to be essential circumstances propelling the requirement for legalized marijuana.
However, the numerous conflicting conclusions of smoking cannabis, which involve the composition of mucus, prolonged cough, and respiratory infections such as COPD, will act as the restraint for the market growth.
This legal marijuana market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research legal marijuana market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Legal Marijuana Market Scope and Market Size
Legal marijuana market is segmented on the basis of type, application and product type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type, the legal marijuana market is segmented into recreational marijuana, and medical marijuana.
- Based on application, the legal marijuana market is segmented into chronic pain, mental disorders, cancer, and others.
- Based on product type, the legal marijuana market is segmented into buds, oils, tinctures, and others.
Legal Marijuana Market Country Level Analysis
Legal marijuana market is analysed and market size insights and trends are provided by country, type, application and product type as referenced above.
The countries covered in the legal marijuana market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the legal marijuana market due to the practise of the cannabis herb for recreational purposes, stress, and government regulations or allowances to use it and employ for health beneficiary purposes.
The country section of the legal marijuana market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Legal marijuana market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for legal marijuana market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the legal marijuana market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Legal Marijuana Market Share Analysis
Legal marijuana market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to legal marijuana market.
The major players covered in the legal marijuana market report are VIVO Cannabis Inc., Dr. Hemp Me., QC Infusion, Hemp Production Services, Hudson Valley Hemp, LLC., Green Roads, Royal CBD, Moon Mother Hemp Company, CBD Oil Europe, King CBD, FOLIUM BIOSCIENCES, CV Sciences, Inc., Pharmahemp d.o.o., Gaia Botanicals, LLC, Canazil, Kazmira, Spring Creek Labs, Cavendish Nutrition Fulfillment LLC, Isodiol International Inc, HempLife Today, Hemp Oil Canada Inc, Medical Marijuana, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Legal Marijuana Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.