Cannabis - D-A-CH

D-A-CH

Revenue in the Cannabis market in D-A-CH is forecasted to reach US$1,354.00m in 2024.
The revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 2.55%, leading to a market volume of US$1,536.00m by 2029.
When compared globally, the United States is expected to generate the highest revenue (US$42.98bn in 2024).
In terms of per person revenues in 2024, US$0.05k are generated relative to the total population figures.
In the D-A-CH region, Cannabis market is rapidly expanding, with Germany leading the way in medical cannabis legalization and Switzerland in CBD products innovation.

Key regions: United States, Canada, Netherlands, Germany, Thailand

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Analyst Opinion

The Cannabis market in D-A-CH has been experiencing significant growth and development in recent years.

Customer preferences: Customers in the D-A-CH region have shown a growing interest in cannabis products for both medicinal and recreational purposes. There is a shift towards more acceptance and normalization of cannabis consumption, leading to an increase in demand for a variety of cannabis-based products.

Trends in the market: In Germany, there has been a notable increase in the number of medical cannabis prescriptions, reflecting the changing attitudes towards the plant's therapeutic benefits. Switzerland, known for its progressive cannabis policies, has seen a rise in the production of high-quality CBD products. Austria, on the other hand, is witnessing a trend towards the legalization of cannabis for medical use.

Local special circumstances: Germany, as the largest market in the D-A-CH region, has strict regulations governing the cultivation and distribution of cannabis. Switzerland, with its long history of hemp cultivation, has become a hub for CBD products in Europe. Austria, while more conservative in its approach, is gradually opening up to the potential benefits of medical cannabis.

Underlying macroeconomic factors: The growing trend towards cannabis legalization and acceptance in the D-A-CH region is influenced by various macroeconomic factors. These include changing societal attitudes, increasing awareness of the therapeutic properties of cannabis, and the potential economic benefits associated with a regulated cannabis market. Additionally, the D-A-CH countries' strong economies provide a solid foundation for the growth of the cannabis industry in the region.

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.