× Industry Reports Services Press Release Contact us About us

Europe Cannabidiol (CBD) Market Forecast 2027 by Route of Administration (Oral, Topical, Inhalation, Transdermal Patches, Rectal, Sublingual), Product (Oil, Tinctures, Suppository, Transdermal Patches, Isolates, Tablet, Capsules, Vape Oil, Creams And Roll-On), Application (Anxiety/Stress, Sleep/Insomnia. Chronic Pain, Migraine, Skin Care, Seizures, Joint Pain & Inflammation, Neurological Conditions), Source (Marijuana, Hemp), Distribution Channel (Online, Offline {Hospital Pharmacies, Retail Stores}), Research Report, Country Outlook (France, Switzerland, UK, The Netherlands, Italy, Germany, Denmark, Austria), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: May 2021 | Publisher: Graphical Research Report ID: GR1823 | Delivery : PDF  Request Free Sample

Europe Cannabidiol Market size surpassed USD 1.9 billion in 2020 and is estimated to witness over 33.5% CAGR from 2021 to 2027.

The CBD market in Europe significantly relies on the regulatory authorities for its legalization, licensing, and monitoring level. The legal status of cannabidiol-based products varies by individual countries. The approval process of authorities has been biased towards the medicinal and related applications, limiting the recreational use.

With an increasing potential in the market, the Court of Justice of the European Union in November 2020 stated that CBD is not a narcotic substance. This move allows CBD products to be sold freely across the countries of European Union. The ruling also laid a smooth regulatory pathway for the legal use of cannabidiol. This ruling reinforces the confidence of CBD-based products manufacturers and fuels the market growth.

Europe Cannabidiol (CBD) Market, 2021 & 2027 (USD Mn)

Get more details on this report - Request Free Sample PDF

Further, as CBD is proven for its therapeutic benefits, considerable focus remains on further research and development opportunities. With an increasing consumer awareness and regulatory guidance for the users to identify different products, the Europe market is expected to witness sizeable demand in the coming years.

 Europe Market, By Product

The oil segment is pegged at over USD 450 million in 2020. A substantial proportion of the market is accounted by CBD oils and one of the prominent reasons for this is the significant penetration of oils as compared to other product types. The oils segment in the market can be termed as an ‘established and mature segment’ of the market, witnessing a stable demand across countries. With other product types being relatively newer as different suppliers adopt different administration routes of CBD, these are anticipated to create lucrative opportunities.

Europe Market, By Application

The chronic pain segment is noted to account for over 35% market share in 2020. As the CBD market in Europe is relatively in its infancy, it is noted that a larger proportion of the population opts for CBD-based medications for pain relief purposes. This can be attributed to the prevalence of chronic pain in the region, as well as to the increasing consumer awareness over the benefits of CBD-derived products for the treatment of pain.

 Europe Market, By Route of Administration

The topical route of administration segment will observe around 33.1% growth rate during the forecast period. An increasing interest is observed in the cosmetic benefits of CBD-based products with the introduction of creams and roll-on, among others. As the limelight remains upon treating dry skin, topical route of administration is also gaining traction for its anti-inflammatory effects. With several formulations with essential oils, CBD-based topical route of administration is noted as one of the key growth areas of the market.

Europe Market, By Source

Hemp-derived cannabidiol is largely unrestricted in most of the countries in Europe owing to its negligible THC content. The segment is expected to cross market value of USD 18 billion by 2027 while being the primary source of CBD in Europe. The regulatory framework predominantly influences such a consumption pattern and is set to maintain a similar stance in the coming years.

 Europe Market, By Distribution Channel

The online segment held over 45% Europe cannabidiol (CBD) market share in 2020. In countries where CBD is legal, online sales have gained traction due to wide availability, relatively lower prices, and a large variety of alternative products. Online channel also offers the patients convenience of timely home delivery.

Europe Market, By Country

Germany cannabidiol market is one of the largest markets in Europe with sales peaking at USD 500 million in 2020. With a fairly supportive regulatory stance of authorities in Germany, over-the-counter (OTC) sales largely fuel the market demand in Germany. The country continues to support CBD manufacturers with products containing less than 0.2% THC.

 Competitive Industry Landscape

Prominent Europe CBD market players are CBD One Ltd, Formula Swiss AG, Green Brothers Switzerland SA, HemPoland sp. z o.o. and MH medical hemp GmbH, among others. Companies engage in different organic and inorganic growth strategies to establish and strengthen their market presence in the region.

Frequently Asked Question(FAQ) :

The industry for cannabidiol in Europe exceeded USD 1.9 billion in 2020 and will grow at a CAGR of 33.5% between 2021 and 2027.
CBD oils recorded a share of USD 450 million in 2020 and will depict remarkable growth due to their significant penetration in comparison to other products.
Chronic pain application accounted for more than 35% of Europe industry revenue in 2020 and will record substantial growth owing to surging consumer awareness regarding the benefits of CBD-derived products for the treatment of pain.
The market for cannabidiol in Germany was valued at USD 500 million in 2020 and will expand owing to supportive regulatory policies that fuel over-the-counter (OTC) sales in the country.

Premium Report

Have questions?
  • Inquire Before Buying
  • Why Choose us?

    • on-time delivery On-Time Delivery

      We commit to on-time delivery of reports to keep you ahead.

    • assured quality Assured Quility

      With a wide network of industry experts and trained in-house analysts, we assure best service quality.

    • Custom Research Service

      We offer research services to meet specific client requirements and provide them with actionable insights on target markets.

    • payment security Payment Security

      Our safe payment gateway gives you full control of your personal data, at all times.

    Connect with our sales team

     1-800-986-6917

     [email protected]