Switzerland Cannabidiol Market Size & Outlook, 2023-2030
Switzerland cannabidiol market, 2018-2030 (US$M)
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Switzerland cannabidiol market highlights
- The Switzerland cannabidiol market generated a revenue of USD 80.8 million in 2023 and is expected to reach USD 382.0 million by 2030.
- The Switzerland market is expected to grow at a CAGR of 24.8% 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 80.8 million |
| Market revenue in 2030 | USD 382.0 million |
| Growth rate | 24.8% (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, Switzerland accounted for 1.0% 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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Switzerland 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 53.22% in 2023. Horizon Databook has segmented the Switzerland cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Switzerland is considered one of the most progressive countries in Europe. The Swiss laws on cannabis possession and consumption have been relatively relaxed. In Switzerland, prevention and treatment are prioritized over the criminalization of users. Though medical cannabis is illegal in Switzerland, minor possession (less than 10 grams) was decriminalized with the levy of a small fine.
As CBD does not produce any psychoactive effect, it is not subject to the Narcotics Act (NarcA, CC 812.121). However, CBD products can be legally marketed only if they comply with the legislation of the country. In Switzerland, products containing CBD are gaining popularity. The suppliers in the market are offering a wide range of CBD-containing products using various distribution channels to satisfy customer demand.
In August 2022, Switzerland launched Europe's first cannabis sales pilot program, becoming the first European country to do so. The program, known as “Weed Care,” commenced in September 2022 and would run for two and a half years, concluding in March 2025. The program is designed to study the effects of cannabis legalization.
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Horizon Databook provides a detailed overview of country-level data and insights on the Switzerland cannabidiol market , including forecasts for subscribers. This country databook contains high-level insights into Switzerland cannabidiol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Switzerland cannabidiol market size, by product, 2018-2030 (US$M)
Switzerland Cannabidiol Market Outlook Share, 2023 & 2030 (US$M)
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