ALBANY, New York, May 8, 2019 /PRNewswire/ -- Transparency Market Research (TMR) observes that the global legalized cannabis market holds a myriad of active players. Therefore, the competitive landscape of the market is fairly fragmented. Moreover, the active participation of several players help the global legalized cannabis market to grow at a fast pace. A few names of active companies in the global legalized cannabis market include Aphria Inc., VIVO Cannabis Inc., Wayland group Corp., Aurora Cannabis Inc., and OrganiGram Holdings Inc.
These popular companies in the global legalized cannabis market are mainly targeting to acquire strategies such as mergers and acquisitions. Such acquisitions are aimed to boost company's capacity in supplying legalized cannabis products in various countries across the world. However, other renowned companies in the global legalized cannabis market are focusing on launching of recreational brand, which is known as "Peak Leaf". Through launching such product, these companies are aiming to expand the overall product portfolio for legalized cannabis. Additionally, a few companies are making the use of cannabis by producing a line of cannabis-infused beverages. On the other hand, some of the topmost companies are vying strategic partnership with others for producing organic pharma grade legalized cannabis.
Request a Sample of Global Legalized Cannabis Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=37865
TMR's experts reveal that the growth in the global legalized cannabis market is projected to occur at a meteoric CAGR of 17.2% during the assessment tenure 2018-2027. The global legalized cannabis market was valued nearly of US$ 19.96 bn in 2018 and is expected to touch the valuation of US$ 81.4 bn in 2027.
From the perspective of end-users, the recreational end-use segment accounts for a lion's share of 52.3% in 2018 and is expected to retain its dominance over the forecast period. Rising countries' activities in legalizing cannabis and increasing youth's demographics toward cannabis consumption makes the recreational end-user to dominate the market. Region wise, North America is leading the market due to the increased demand for legalized cannabis for medical use.
Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=37865
Escalating Demand for Legalized Cannabis from Pharmaceutical Industry to Foster Growth
Cannabis is commonly known as the most illicit used drug, which has recently gained its popularity in several industries worldwide. Cannabis is mainly a flowering plant belongs to the Cannabaceae family. This popular plant is also known by its several names such as marijuana and hemp. However, the term marijuana is basically used to refer those cannabis which are highly utilized in medicinal and recreational purposes. Various countries worldwide have been legalizing the cannabis use due to its wide range of applications in numerous industries. For instance, in 2018, Canada legalized the acquisition, cultivation, possession, and consumption of marijuana and all its by-products. Therefore, such increasing governments' cannabis legalization activities are propelling expansion in the global legalized cannabis market.
Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=37865
Furthermore, cannabis is widely adopted in pharmaceutical industry as it helps in treating sleep disorders, pain, anxiety and other medical conditions. Moreover, the chemical found in legalized cannabis helps in curing epilepsy, neuropsychiatric anxiety, and cancer. This is a crucial factor to drive the growth in the global legalized cannabis market. Along with this, several sensory appealing characteristics of cannabis is also fueling demand in the global legalized cannabis market.
Rising Applications of Cannabis in Beauty and Wellness Sector Fillips Market
Legalized cannabis application across the beauty and wellness sector is evolving rapidly. Cannabidiol (CBD) is non-psychoactive which has gained an immense popularity in the beauty sector. This oil provides relief from pain and depression as well as exhibits anti-inflammatory and anti-acne properties to cure skin abnormalities. Such factors are majorly boosting the global legalized cannabis market. Moreover, legalized cannabis is widely used in color cosmetics such as lip balms and mascara. Thus, soaring demand for the effective skin treatment and rapidly growing personal care industry are also fueling growth in the global legalized cannabis market.
Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/legal-cannabis-medical-market.htm
The review is based on a market research report by TMR, titled, "Legalized Cannabis Market (Product Type - Cannabis Herb, Cannabis Resin; Form - Raw, Processed; End Use - Recreational, Medicinal; Compound - THC-Dominant, CBD-Dominant, Balanced THC & CBD) - Global Industry, Size, Share, Growth, Trends, and Forecast Analysis 2018 - 2027".
The segmentation of global legalized cannabis market is based on:
End Use
- Recreational
- Medicinal
Product Type
- Cannabis Herb
- Cannabis Resin
Form
- Raw
- Processed
Compound
- THC-Dominant
- CBD-Dominant
- Balanced THC & CBD
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Browse Food & Beverages Market Research Reports
Popular Research Reports by TMR:
- Cannabis Extract Market: https://www.transparencymarketresearch.com/cannabis-extract-market.html
- Cannabis Drinks Market: https://www.transparencymarketresearch.com/cannabis-drinks-market.html
- Health Ingredients Market: https://www.transparencymarketresearch.com/health-ingredients-market.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/
SOURCE Transparency Market Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article