$87 Billion Worldwide Cannabis Industry to 2027 - Featuring Aurora Cannabis, Cannabis Science, CannTrust Holdings and Cronos Among Others - ResearchAndMarkets.com
11 Nov 2022
DUBLIN--(BUSINESS WIRE)--The "Global Cannabis Market (2022-2027) by Form, Product Type, Compound, Source, Distribution Channel, Application, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
'Global Cannabis Market (2022-2027) by Form, Product Type, Compound, Source, Distribution Channel, Application, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis'
The Global Cannabis Market is estimated to be USD 25.74 Bn in 2022 and is expected to reach USD 87.17 Bn by 2027, growing at a CAGR of 27.63%
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing risks.
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Cannabis Market. Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Cannabis Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
The report offers a comprehensive evaluation of the Global Cannabis Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Market Dynamics
Social Acceptance of Cannabis Products Globally
Increasing Use in Treatment of the Patients Diagnosed with Neurological Disorders and other Chronic Diseases
Legal Supply of Quality-controlled Cannabis Available for Sale
Increasing Demand of Cannabis-infus
Restraints
Lacking Guidance and Inaccurate Dosing can Result in Dangerous Consequences
Product Developers Need to Be Constantly on Their Toes
Governance of Cannabis Possession, Usage, Distribution or Sales by International Laws
Opportunities
New Product Development Related to Cannabis-infused Foods and Beverages
Pharmaceutical and Beverage Companies Eyeing the Cannabis Market for Long-Term Gain
Efficient Cannabis Retractation Procedures Under Development
Challenges
Heavy Taxes Imposed on Cannabis Industry
Intensive Energy Consumption and Maintaining Product Consistency for the Cultivation of Cannabis
Market Segmentation
The Global Cannabis Market is segmented based on Form, Product Type, Compound, Source, Distribution Channel, Application, and Geography.
By Form, the market is classified into Concentrated Oil, Cream, Food Additive, Inhaled Liquids, Supplement Capsule and Tincture Spray.
By Product Type, the market is classified into Concentrates, Flower, leaves and Seeds.
By Compound, the market is classified into Balanced THC & CBD, Cannabidiol (CBD)-Dominant and Tetrahydrocannabinol (THC)-Dominant.
By Source, the market is classified into Non-Organic and Organic.
By Distribution Channel, the market is classified into Offline and Online.
By Application, the market is classified into Cosmetics & Personal Care, Food & Beverage, Medical & Pharmaceuticals, Pet Care and Recreational.
By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
Companies Mentioned
Acreage Holdings
Green Thumb Industries, Inc.
HEXO Operations, Inc.
MedMen
Trulieve Cannabis
For more information about this report visit https://www.researchandmarkets.com/r/pu71k7
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