Industry Analysis

Cannabis market is expected to witness market growth at a rate of 29.1% in the forecast period of 2021 to 2028. Data Bridge Market Research report on cannabis market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of functional food sector is escalating the growth of cannabis market.

A meticulous study of the competitive landscape of the market has been given in the Asia-Pacific Cannabis Market survey document along with the insights of the companies, financial status, trending developments, mergers, acquisitions and SWOT analysis. This market research will give a clear and specific idea to the readers about the overall market to take valuable decisions. The document focuses on the leading global industry players providing information such as company profiles, specifications, capacity, cost, revenue and contact information. An influential Data bridge market research report also offers comprehensive statistics on important aspects such as growth drivers, challenges and industry prospects.

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Market Insights and Scope

Cannabis is referred to as a tall plant with a stiff upright stem that is widely used as a drug and is being legalized for its medical usage. Medical cannabis refers to as the plant-derived psychotropic drugs that is utilized for treating various medical ailments. The product is sourced from sativa and hybrid cannabis plants, cannabis indica, and the active ingredients include tetrahydrocannabinol (THC) and cannabidiol (CBD). The products are manufactured in the form of oils and capsules, among others.

Additionally, the credible Asia-Pacific Cannabis Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Food and Beverage industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.

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Industry Segmentation and Size

The cannabis market is segmented on the basis of product type, compound, crop variety, application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of product type, the cannabis market is segmented into flowers, concentrates and other product types. Other product types are further segmented into capsules, topicals, edibles, and beverages.
• On the basis of compound, the cannabis market is segmented into Tetrahydrocannabinol (THC)-dominant, Cannabidiol (CBD)-dominant and Balanced THC and CBD.
• On the basis of crop variety, the cannabis market is segmented into cannabis indica, cannabis sativa, and others.
• On the basis of application, the cannabis market is segmented into medical and recreational.
• On the basis of distribution channel, the cannabis market is segmented into physical, digital and others.

Market Country Level Analysis

The countries covered in the Asia-Pacific cannabis market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, New Zealand, Vietnam, and the Rest of Asia-Pacific.

China dominates the Asia-Pacific cannabis market owning to the vast plantation of cannabis and high investments in the region.

Industry Share Analysis

The major players covered in the cannabis market report are

·        Tilray, Marley Natural, Aurora Cannabis, Cara Therapeutics, ARUMA LABS HOLDINGS PTY LIMITED, Medcan Australia, Sundial Growers Inc., Canopy Growth Corporation, GW Pharmaceuticals plc, The Scotts Company LLC, Aphria Inc., VIVO Cannabis Inc., Cannatrek, O.penVAPE Shop., and The Cronos Group, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Asia-Pacific Cannabis Market Report Answers the Following Questions:

How much revenue will the Asia-Pacific Cannabis Market generate by the end of the forecast period?

Which market segment is expected to have the maximum market share?

What are the influencing factors and their impact on the Asia-Pacific Cannabis Market?

Which regions are currently contributing the maximum share of the overall Asia-Pacific Cannabis Market?

What indicators are likely to stimulate the Asia-Pacific Cannabis Market?

What are the main strategies of the major players in the Asia-Pacific Cannabis Market to expand their geographic presence?

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