Recreational Cannabis - Netherlands

Netherlands

Revenue in the Recreational Cannabis market is projected to reach US$129.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.59%, resulting in a market volume of US$140.00m by 2029.
In global comparison, most revenue will be generated in the United States (US$24.96bn in 2024).
In relation to total population figures, per person revenues of US$106.40 are generated in 2024.

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

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Analyst Opinion

The Recreational Cannabis market in Netherlands has been experiencing significant growth and development in recent years.

Customer preferences: Consumers in Netherlands are increasingly favoring high-quality and diverse cannabis products, leading to a rise in demand for premium strains and innovative consumption methods. Additionally, there is a growing interest in organic and sustainably sourced cannabis products among environmentally conscious consumers.

Trends in the market: One prominent trend in the Dutch cannabis market is the increasing popularity of cannabis-infused edibles and beverages. This trend is driven by changing consumer preferences and the desire for discreet consumption methods. Moreover, the market is witnessing a surge in boutique cannabis shops and cafes, offering a unique and curated experience for customers.

Local special circumstances: Netherlands has a long-standing reputation for its liberal cannabis policies, which have created a conducive environment for the development of a thriving recreational cannabis market. The country's famous coffee shops have become iconic symbols of its progressive approach to cannabis regulation, attracting both locals and tourists.

Underlying macroeconomic factors: The Netherlands' strong economy and stable business environment have contributed to the growth of the recreational cannabis market. Additionally, the country's strategic location and well-established infrastructure make it a hub for cannabis cultivation, distribution, and export within Europe. These factors, combined with a supportive regulatory framework, have further fueled the expansion of the cannabis industry in Netherlands.

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.