Cannabis Extract Market

Cannabis Extract Market Size, Share, Growth Analysis, By Product Type Outlook(Oils, Tinctures), By Extract Type Outlook(Full Spectrum Extracts, Cannabis Isolates), By Sources Outlook(Hemp, Marijuana), By End-use Outlook(Medical Use, Cancer, Chronic Pain, Depression and Anxiety), By Region(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2025-2032


Report ID: UCMIG35I2054 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Cannabis Extract Market Insights

Market Overview:

The size of the global cannabis extract market was USD 3.5 billion in 2022, and it is projected to grow at a CAGR of 20.0% from 2023 to 2030. The market is being driven by the rising demand for cannabis extracts, such as oils and tinctures, as well as the growing legalization of marijuana for the treatment of chronic conditions such as Alzheimer's, arthritis, anxiety, and cancer. The expanding knowledge of the diverse medical benefits of marijuana is contributing to the industry's growth.

Cannabis Extract Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Cannabis Extract was estimated to be valued at US$ XX Mn in 2021.

The Cannabis Extract Market is estimated to grow at a CAGR of XX% by 2028.

The Cannabis Extract Market is segmented on the basis of Product Type Outlook, Extract Type Outlook, Sources Outlook, End-use Outlook, Region.

Based on region, the Cannabis Extract Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Cannabis Extract Market are Tikun Olam, CANOPY GROWTH CORPORATION, Tilray, Aurora Cannabis, The Cronos Group, Maricann Inc, Organigram Holdings Inc., The Cronos Group, Aphria Inc.

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Cannabis Extract Market

Report ID: UCMIG35I2054

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