CBD Products - France

France

France is expected to see a projected revenue of €276.90m in CBD Products by 2024.
The revenue is forecasted to demonstrate an annual growth rate (CAGR 2024-2029) of 0.94%, leading to a market volume of €290.20m by 2029.
When compared globally, the United States is anticipated to generate the most revenue (€2,388.00m in 2024).
In terms of per capita figures, €20.84 revenues are generated per person in 2024.
The rise of CBD-infused beauty products in France reflects a growing trend towards wellness and natural remedies in the country.

Key regions: Netherlands, Spain, United States, Europe, Australia

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Analyst Opinion

The CBD Products market in France has been experiencing significant growth and evolution in recent years.

Customer preferences: Consumers in France are increasingly turning to CBD products for various reasons, including wellness, relaxation, and potential health benefits. There is a growing trend towards natural and organic products, with many customers seeking high-quality CBD items from reputable brands. Additionally, the convenience of purchasing CBD products online has contributed to the market's expansion, allowing consumers to access a wide range of products with ease.

Trends in the market: One notable trend in the French CBD market is the diversification of product offerings. In addition to traditional CBD oils and tinctures, there has been a surge in demand for CBD-infused cosmetics, edibles, and beverages. This trend reflects a broader shift towards incorporating CBD into daily routines beyond just wellness supplements. Furthermore, there is a growing emphasis on product transparency and third-party testing to ensure quality and compliance with regulations.

Local special circumstances: France has a unique regulatory environment surrounding CBD products. While the market is growing rapidly, there are strict regulations in place regarding the cultivation and sale of CBD. The country has specific laws governing the allowable THC content in CBD products, which can impact product availability and marketing strategies. Additionally, the perception of CBD in France is influenced by cultural attitudes towards cannabis, shaping consumer preferences and market dynamics.

Underlying macroeconomic factors: The growth of the CBD market in France is also influenced by broader macroeconomic factors. As disposable incomes rise and consumer spending habits shift towards health and wellness products, there is an increasing demand for CBD items. Furthermore, the competitive landscape in the market is evolving as more companies enter the space to capitalize on the growing popularity of CBD. Overall, the combination of changing consumer preferences, regulatory considerations, and economic trends is driving the expansion of the CBD Products market in France.

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.