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Cannabinoids Market Share

Report ID: GMI5320
Published Date: Sep 2022
Report Format: PDF

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Cannabinoids Market Share

The major players across cannabinoids market include

Bedrocan
NuLeaf Naturals, LLC
Green Roads
Global Cannabinoids
EXMceuticals Inc.

Other leading companies are

Mile High Labs International Inc.
Rhizo Sciences
Spark CBD

These firms are dedicatedly working on novel product development and marketing tactics to enhance their market presence.

For example, EXMceuticals Inc., an emerging bio-sciences company that specializes in the production of distinctive cannabis formulations, teamed up with Global Cannabinoids in May 2021 to market hemp and cannabinoid-based goods. In order to import, research, refine, and export cannabinoids and cannabis-based goods, the partnership sought to increase EXM’s Portugal hub, and the companies were able to broaden their geographical reach and enhance commercial relationships.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

In 2021, the global market for cannabinoids registered a valuation of over USD 11 billion and will expand at a CAGR of more than 20% during the forecast period of 2022-2030.

The cannabidiol (CBD) product segment was valued at over USD 9 billion in 2021 and is expected to show a considerable growth rate over the forecast period.

Europe cannabinoids market is anticipated to be worth over USD 17 billion by 2030, driven by the growing health consciousness and increasing presence of market players in the region.

The competitive landscape of the market includes companies such as Bedrocan, NuLeaf Naturals, LLC, Green Roads, Global Cannabinoids, Maricann Inc., Mile High Labs International Inc., Rhizo Sciences, Spark-CBD, and Folium Biosciences.