Cannabis Market Industry Size, Share Trends, Growth, Demand, Opportunities and Forecast By 2029
Postado 2023-10-10 10:41:54
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The world class Global Cannabis Market report identifies the consumers’ needs and wants to deliver it more sincerely, effectively and efficiently than the competition. By understanding the minds of target markets, attitudes, feelings, beliefs and value systems, this market research report has been prepared. With a formalised and managerial approach, marketing research has been performed in the report to offer the best solution. This market report leads to systematic problem analysis, model building and fact-finding for the purpose of decision-making and control in the marketing of goods and services. The market drivers and restraints have been explained in the consistent Global Global Cannabis Market report using SWOT analysis.
The winning Global Cannabis Market research report underlines various strategies that are used by top market players. These strategies mainly consist of new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in this market. The data and information collected to form this report is usually quite a lot and is also in a complex form. However, such complicated market insights are converted into simpler version with the help of established tools and techniques to provide it to the end users. The use of well-established tools such as SWOT analysis and Porter’s Five Forces analysis are very useful in creating such a superior Global Global Cannabis Market document.
Data Bridge Market Research analyses that the cannabis market was valued at USD 25.40 billion in 2021 and is further estimated to reach USD 168.58 billion by 2029, and is expected to grow at a CAGR of 9% during the forecast period of 2022 to 2029.
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Market Overview
The plant-based egg market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Plant-Based Egg market scenario, contact Data Bridge Market Research for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
The major companies which are dealing in the plant-based egg market are Alternative Foods, Crackd, among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Cannabis Market Dynamics
Drivers
Major factors that are expected to boost the growth of the cannabis market in the forecast period are as follows:
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Medicinal qualities of cannabis
The increased incidence of chronic diseases after 50 years of age, as well as the efficacy of cannabis in treating such problems. January 2018, the Australian government has permitted regional cannabis growers to export medical cannabis and its products to the international market which is further anticipated to propel the growth of the market.
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Enabling policy and regulatory relaxation
The HEROES Act, which included the SAFE Banking Act, was enacted by the House of Representatives and forwarded to the Senate in 2020. This bill allows banks to provide services to marijuana businesses in places where it is legal. However, an increasing number of nations have created legal frameworks for adult non-medicinal usage, such as social, religious, and cultural objectives which will further accelerate the growth of the market.
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Product development, differentiation and accessibility of hemp-infused edibles
The problems of edibles, such as the inconsistent effect of marijuana after intake, have begun to be overcome thanks to advances in scientific advancement and commercial innovation. Topical or sublingual infusion products are newer types of infusion products that are absorbed under the mouth or via the skin which is further contributing to the market growth.
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Highlights of TOC :
Chapter 1: Market overview
Chapter 2: Global Cannabis Market
Chapter 3: Regional analysis of the Global Cannabis industry
Chapter 4: Global Cannabis segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
Get the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-cannabis-market
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An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune.
Data Bridge Market Research has more than 500 analysts working in different industries. We have served more than 40% of the Fortune 500 companies globally and have a network of more than 5,000 clients worldwide. Data Bridge is an expert in creating satisfied customers who trust our services and trust our hard work with certainty. We are pleased with our glorious 99.9% customer satisfaction rating.
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