Europe Cannabis Testing Services Market Size & Outlook
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Europe Cannabis testing services market insights
- The Europe cannabis testing services market generated a revenue of USD 188.5 million in 2023.
- The market is anticipated to grow at a CAGR of 20.5% from 2024 to 2030.
- Germany cannabis testing services market was the largest revenue contributor in Europe in 2023.
- In terms of segment, potency testing was the largest segment in 2023.
- Potency Testing is the most lucrative product segment registering the fastest growth during the forecast period.
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Cannabis Testing Services Market Scope
Cannabis Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Green Leaf Innovations Inc | View profile | - | 15800 Pines Boulevard, Suite 3200, Pembroke Pines, FL, United States, 33027 | https://www.greenleafinnovations.co |
| The CW Network | View profile | 101-250 | Burbank, California, United States, North America | http://www.cwtv.com |
| Steep Hill, Inc | View profile | 51-100 | Berkeley, California, United States, North America | http://www.steephill.com |
| Botanacor Laboratories | View profile | 51-100 | Denver, Colorado, United States, North America | https://botanacor.com |
| Saskatchewan Research Council | View profile | 501-1000 | Saskatoon, Saskatchewan, Canada, North America | http://www.src.sk.ca/pages/default.aspx |
| SGS | View profile | 10001+ | Geneva, Geneve, Switzerland, Europe | http://www.sgs.com/ |
| Eurofins Scientific SE | View profile | 61798 | 23 Val Fleuri, Luxembourg, Luxembourg, L-1526 | https://www.eurofins.com |
Europe cannabis testing services 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 cannabis testing services market will help companies and investors design strategic landscapes.
The Europe cannabis testing services market is exhibiting lucrative growth owing to increasing demand and availability of a greater variety of cannabis products. Many companies are seeking to enter into the growing cannabis market in Europe.
For instance, in 2019, Canopy Growth, a Canadabased cannabis company, acquired Cafina, a producer, distributor, & exporter of cannabis in Spain. It is one of the three companies authorized for cannabis operations in Spain. This acquisition would help Canopy Growth create a strong foothold in Spain cannabis market.
Furthermore, in 2019, Flowr Group, a Canadian company, acquired Portugal’s cannabis cultivator, Holigen. This acquisition made Flowr Group one of the top cultivators in Europe. Increase in such strategic mergers and acquisitions by leading companies in Europe is expected to propel the market growth significantly in the coming years.
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Target buyers of Europe cannabis testing services market databook
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Our clientele includes a mix of cannabis testing services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe cannabis testing services market, including forecasts for subscribers. This continent databook contains high-level insights into Europe cannabis testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe cannabis testing services market size, by country, 2018-2030 (US$M)
Europe Cannabis Testing Services Market Share, 2024 & 2030 (US$M)
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