Netherlands Cannabidiol Market Size & Outlook, 2023-2030
Netherlands cannabidiol market, 2018-2030 (US$M)
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Netherlands cannabidiol market highlights
- The Netherlands cannabidiol market generated a revenue of USD 83.3 million in 2023 and is expected to reach USD 424.2 million by 2030.
- The Netherlands market is expected to grow at a CAGR of 26.2% from 2024 to 2030.
- In terms of segment, hemp was the largest revenue generating product in 2023.
- Hemp is the most lucrative product segment registering the fastest growth during the forecast period.
Cannabidiol market data book summary
| Market revenue in 2023 | USD 83.3 million |
| Market revenue in 2030 | USD 424.2 million |
| Growth rate | 26.2% (CAGR from 2023 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Hemp |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
| Key market players worldwide | Medical Marijuana Inc, Canopy Growth Corp, Elixinol Wellness Ltd Ordinary Shares, The Cronos Group, Isodiol International Inc, Endoca, Folium Biosciences, NuLeaf Naturals, PharmaHemp |
Other key industry trends
- In terms of revenue, Netherlands accounted for 1.1% of the global cannabidiol market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Netherlands cannabidiol market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 191.8 million by 2030.
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Cannabidiol Market Scope
Cannabidiol Market Companies
| Name | Profile | # Employees | HQ | Website |
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Netherlands cannabidiol market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cannabidiol market will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 53.42% in 2023. Horizon Databook has segmented the Netherlands cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
The Dutch law permits hemp cultivation only for producing fiber and seeds and not for CBD. This is mainly due to stringent regulations in the Opium Act enacted by the government in 1912. As CBD is extracted from the hemp plant, it also falls under the Opium Act.
However, to keep the production of CBD legal, hemp produced in the country is sent abroad for CBD extraction and is sold back in the country. Moreover, The Dutch Ministries of Public Health and Justice announced the launch of a preliminary phase for the Wietexperiment (Weed Experiment) program.
The program is set to begin in the last quarter of 2023 and will take place in the southern municipalities of Tilburg and Breda. Hemp extracts are currently illegal but are tolerated only if the THC content is less than 0.05%. Thus, CBD with low THC content is permitted to be sold in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Netherlands cannabidiol market , including forecasts for subscribers. This country databook contains high-level insights into Netherlands cannabidiol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Netherlands cannabidiol market size, by product, 2018-2030 (US$M)
Netherlands Cannabidiol Market Outlook Share, 2023 & 2030 (US$M)
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