Examining the Competitive Landscape of the Europe Cannabis Market: Key Players, Strategies, and Market Share Analysis
Data Bridge Market Research has forecasted that the Europe
cannabis market will experience a significant growth rate of 43.10%
during the period of 2022 to 2029. This growth is expected to be driven by
various factors such as the emergence of new players in the market and the
increasing availability of advanced cannabis products. Additionally,
manufacturers are actively engaged in research and development efforts to
introduce innovative products to the market.
Market Insights and Scope
Cannabis refers to the dried leaves and
flowering tops of the Cannabis indica or Cannabis sativa plants, which can be
smoked or consumed for their therapeutic or psychotropic effects. It is a
herbal drug that contains cannabinoids, such as delta-9-Tetrahydrocannabinol
(THC) and Cannabidiol (CBD), which have drug-like effects on the body's
systems, including the immune and central nervous systems. Continued use of
cannabinoids may lead to psychological dependence. Cannabis can be used to
alleviate symptoms and side effects of cancer and other chronic illnesses, such
as pain, nausea, and loss of body weight and muscle mass (cachexia). The
applications of cannabis are widespread, including use in food and beverages,
cosmetics, pharmaceuticals, textiles, chemicals, and various other industries.
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