Definition:
The Recreational Cannabis market encompasses products derived from the cannabis plant that are used for leisure or personal enjoyment. These products can include dried flowers, oils, edibles, tinctures, and topicals. The availability of these products is subject to the regulations in each country or state, and they can be obtained from dispensaries, retail stores, or online platforms. Consumption methods vary, and can include smoking, vaporizing, eating, or applying topically.
Structure:
The Recreational Cannabis market is a subset of the broader cannabis market, which also includes medical and pharmaceutical cannabis as well as CBD products. The Recreational Cannabis market specifically pertains to products used for personal enjoyment, as opposed to the medical and pharmaceutical markets which focus on products used for treating medical conditions. The market includes various forms of cannabis such as flowers, concentrates, edibles, and topicals.
Additional information:
The market values represent the revenues generated by retail prices paid to vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C).
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
The Recreational Cannabis market in Benelux has been experiencing significant growth and development in recent years.
Customer preferences: Consumers in Benelux are increasingly leaning towards recreational cannabis products that offer a wide variety of strains, flavors, and potency levels. There is a growing demand for high-quality products that are not only potent but also offer unique and diverse experiences. Additionally, consumers are showing a preference for products that are sourced and produced sustainably, with an emphasis on organic and environmentally-friendly cultivation practices.
Trends in the market: One of the key trends in the Benelux recreational cannabis market is the increasing popularity of cannabis-infused edibles and beverages. This trend is driven by a growing interest in alternative consumption methods and the desire for discreet and convenient ways to consume cannabis. Another notable trend is the rise of boutique cannabis dispensaries and specialty stores that offer a curated selection of premium products and personalized shopping experiences for consumers.
Local special circumstances: In Benelux, the recreational cannabis market is influenced by the unique regulatory landscape of the region. The Netherlands, Belgium, and Luxembourg each have their own set of laws and regulations governing the sale and consumption of cannabis, which can impact the availability and accessibility of products in the market. Additionally, the cultural attitudes towards cannabis vary across the Benelux countries, with some regions being more accepting of cannabis use than others.
Underlying macroeconomic factors: The growth of the recreational cannabis market in Benelux is also influenced by broader macroeconomic factors such as changing consumer attitudes, evolving regulatory frameworks, and increasing investment in the industry. As cannabis continues to gain mainstream acceptance and legalization efforts progress across the region, the market is expected to expand further and attract new players looking to capitalize on the growing demand for recreational cannabis products.
Most recent update: Mar 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights