CBD Products - Netherlands

Netherlands

In the Netherlands, the projected revenue in the CBD Products is expected to reach US$106.00m by the year 2024.
It is also anticipated that there will be an annual growth rate (CAGR 2024-2029) of 0.39%, resulting in a market volume of US$108.10m by 2029.
When compared globally, in the United States is expected to generate the highest revenue in the CBD Products, reaching US$2,575.00m in 2024.
In terms of per person revenues, in the Netherlands, it is estimated that US$24.33 will be generated per person in the year 2024.
Netherlands is a pioneer in the therapeutic cannabis market, with its progressive policies and well-established infrastructure supporting the cultivation, distribution, and research of medicinal marijuana.

Key regions: South Africa, Spain, Canada, Europe, Netherlands

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Analyst Opinion

The CBD Products market in Netherlands has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Netherlands are increasingly turning to CBD products due to the growing awareness of their potential health benefits and therapeutic properties. The shift towards natural and holistic remedies has driven the demand for CBD products across various demographics in the country.

Trends in the market: One notable trend in the CBD Products market in Netherlands is the diversification of product offerings. Companies are introducing a wide range of CBD products such as oils, edibles, topicals, and beverages to cater to different consumer preferences. Additionally, there is a rising trend of incorporating CBD into beauty and skincare products, capitalizing on the wellness and self-care trend in the market.

Local special circumstances: Netherlands has a long history of being progressive and open-minded towards cannabis-related products. The country's relatively lenient regulations and established cannabis culture have created a favorable environment for the CBD industry to thrive. Moreover, the presence of specialized CBD shops and cafes in major cities like Amsterdam has normalized the use of CBD products among the local population.

Underlying macroeconomic factors: The overall economic stability and high disposable income levels in Netherlands have contributed to the growth of the CBD Products market. As consumers prioritize health and well-being, they are willing to invest in premium CBD products, driving the market expansion. Additionally, the increasing trend of online shopping has made CBD products more accessible to a wider audience, further fueling market growth.

Methodology

Data coverage:

Data encompasses B2B and B2C enterprises. Figures are based on companies' revenues, funding values and global consumer survey data. Revenues include retail, sales and taxes.

Modeling approach / Market size:

Market sizes are determined by a Top-Down approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use financial reports, third-party data. Next, we use relevant key market indicators and data from country-specific associations such as tobacco spending per capita, medical product spending per capita, consumer spending and consumer spending for recreation purposes, population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, S-Curve function, ARIMA time series model and exponential curve function.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. GCS data is reweighted for representativeness.