Spain Cbd Pouches Market Size & Outlook, 2023-2030
Spain cbd pouches market, 2018-2030 (US$M)
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Spain cbd pouches market highlights
- The Spain cbd pouches market generated a revenue of USD 1,306.9 million in 2023 and is expected to reach USD 6,226.6 million by 2030.
- The Spain market is expected to grow at a CAGR of 25% from 2024 to 2030.
- In terms of segment, 10 mg -20 mg was the largest revenue generating cbd content in 2023.
- 10 mg -20 mg is the most lucrative cbd content segment registering the fastest growth during the forecast period.
Cbd pouches market data book summary
| Market revenue in 2023 | USD 1,306.9 million |
| Market revenue in 2030 | USD 6,226.6 million |
| Growth rate | 25% (CAGR from 2023 to 2030) |
| Largest segment | 10 mg -20 mg |
| Fastest growing segment | 10 mg -20 mg |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Upto 10 mg, 10 mg -20 mg |
| Key market players worldwide | Swedish Match, Metolius, Canna Flora Hemp, Canndid, Cannadips |
Other key industry trends
- In terms of revenue, Spain accounted for 2.1% of the global cbd pouches market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK cbd pouches market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 24,950.2 million by 2030.
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CBD Pouches Market Scope
CBD Pouches Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain cbd pouches 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 cbd pouches market will help companies and investors design strategic landscapes.
10 mg -20 mg was the largest segment with a revenue share of 49.8% in 2023. Horizon Databook has segmented the Spain cbd pouches market based on upto 10 mg, 10 mg -20 mg covering the revenue growth of each sub-segment from 2018 to 2030.
Spain operates within a complex legal framework regarding cannabis and its derivatives. While the cultivation of hemp (a source of CBD) for industrial purposes is legal under certain conditions, the sale of CBD products for consumption is in a grey area.
However, CBD products that do not make health claims and contain less than 0.3% THC are generally tolerated, paving the way for products like CBD pouches to find a market. The cultural acceptance of cannabis in the region has contributed to a growing interest in cannabis derived products, including CBD pouches.
Cities like Barcelona have become known for cannabis clubs such as City Center, Universität, and Poplin, and this openness has helped normalize the use of cannabis derivatives. Moreover, Spain is a major tourist destination, attracting visitors from all over the world.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain cbd pouches market, including forecasts for subscribers. This country databook contains high-level insights into Spain cbd pouches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain cbd pouches market report size, by cbd content, 2018-2030 (US$M)
Spain CBD Pouches Market Share, 2023 & 2030 (US$M)
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