According to a new report on Cannabis Testing Market size is expected to reach USD 793 million by 2023. It is projected to register a CAGR of 12.03% during the forecast period. Growing Cannabis Testing industry and investments in Healthcare, Pharmaceuticals industry are the key market drivers. This report gives an inclusive valuation of the market and contains thoughtful perceptions, facts, past data, statistically and industry-validated market data.
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About Cannabis TestingCannabis testing is a key process conducted to ensure that safe products reach the consumer. The various types of tests conducted during cannabis testing are potency testing, terpene profiling, residual solvent screening, microbial analysis, and screening for pesticides and heavy metals.Based on the cannabis testing industry outlook, the emergence of luxury cannabis products will be a major trend gaining traction in this marijuana testing market during the next few years. With the focus to control and monitor the quantities of cannabis, companies are focusing on introducing luxury cannabis products that contain therapeutic doses of cannabis. Moreover, vendors are also infusing cannabis in edible products such as cookies, chocolates, muffins, brownies, teas, and chewing gums. Madame Munchie, a US-based company has already introduced cannabis-infused edible products such as macrons. Similarly, Défoncé Chocolates has also introduced edible cannabis chocolates in a variety of flavors and with several quantities of THC. With consumers demanding cannabis in edible products for medical and recreational purposes, the demand for luxury cannabis products will increase in the coming years. This will in turn, fuel the growth of the cannabis testing market size.Industry analysts forecast the global cannabis testing Market to grow at a CAGR of 12.03% during the period 2019-2023.
Cannabis Testing MarketTrend, Challengeand Driver: –
Market driver
Market challenge
Market trend
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A research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
Key vendors operating in Cannabis Testing market space are-
Geographically, the report splits global into the Americas, APAC, EMEA regions. The global and regional Cannabis Testing market dynamics are carefully studied and explained which helps to understand evolving market trends, drivers, opportunities, and challenges for the global Cannabis Testing market.
Global Cannabis Testing Market2019 Answers the following Key Questions.
This report provides newbusiness dimensionswith an eye ongrowth opportunitiesand contribution of upcomingmarket segments.
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Table of Contents included in Cannabis Testing Market 2019 Report –
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical Segmentation
PART 09: A Decision framework
PART 10: Impact of drivers and challengesAnd Many More Parts Covered.
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