The Cannabis Extract Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Product (Oils, Tinctures), By Extract Type (Full Spectrum Extracts, Cannabis Isolates), By Source (Hemp, Marijuana), By End-User (Medical Use, Recreational Use).
The Cannabis Extract market in 2024 encompasses a diverse range of cannabis-derived extracts, concentrates, and infused products catering to various consumer preferences and therapeutic needs. Cannabis extracts include oils, tinctures, distillates, and isolates containing cannabinoids such as THC, CBD, and terpenes, offering diverse potency levels and formulations for medical and recreational use. Market dynamics are driven by factors such as increasing demand for alternative consumption methods, product innovation, and evolving regulatory landscapes. Collaboration between extractors, manufacturers, retailers, and testing laboratories drives innovation and market expansion in the cannabis extract industry, offering consumers a wide range of high-quality and safe cannabis products.
A prominent trend in the Cannabis Extract market is the growing demand for diverse cannabis extract products. As legalization spreads and consumers become more familiar with cannabis, there is a rising interest in various extract forms such as oils, tinctures, concentrates, and edibles. These products offer consumers alternative consumption methods and dosage options, catering to different preferences and needs. The trend towards diversification of extract products reflects the evolving landscape of the cannabis industry and the expanding market for non-smokable cannabis consumption.
The primary driver for the Cannabis Extract market is the increasing awareness of cannabinoid therapeutic benefits. Cannabinoids like CBD (cannabidiol) and THC (tetrahydrocannabinol) have gained attention for their potential therapeutic properties, including pain relief, anxiety reduction, and anti-inflammatory effects. As research on cannabinoids advances and more evidence supporting their medical efficacy emerges, consumers are turning to cannabis extracts as natural alternatives for managing various health conditions. This growing acceptance of cannabis as a therapeutic agent drives demand for cannabis extracts in both medical and wellness markets.
An opportunity in the Cannabis Extract market lies in product innovation and customization to meet diverse consumer preferences and market demands. Manufacturers can explore innovative extraction methods, such as CO2 extraction, ethanol extraction, and solventless extraction, to produce high-quality extracts with precise cannabinoid profiles and terpene compositions. Additionally, there is potential for customization of extract products to target specific consumer segments, such as medical patients seeking relief from specific symptoms or recreational users looking for unique flavor profiles and effects. By offering a wide range of extract options and customization capabilities, companies can capitalize on the growing demand for personalized cannabis experiences and establish themselves as leaders in the market.
By Product
Oils
Tinctures
By Extract Type
Full Spectrum Extracts
Cannabis Isolates
By Source
Hemp
Marijuana
By End-user
Medical Use
-Cancer
-Chronic Pain
-Depression and Anxiety
-Arthritis
-Diabetes
-Glaucoma
-Migraines
-Epilepsy
-Multiple Sclerosis
-AIDS
-Amyotrophic Lateral Sclerosis
-Alzheimer’s
-Post-Traumatic Stress Disorder (PTSD)
-Parkinson's
-Tourette’s
-Others
Recreational Use
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Aphria Inc
Aurora Cannabis
CANOPY GROWTH CORP
Maricann Inc
Organigram Holdings Inc
The Cronos Group
The Cronos Group
Tikun Olam
Tilray
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TABLE OF CONTENTS
1 Introduction to 2024 Cannabis Extract Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Cannabis Extract Market Size Outlook, $ Million, 2021 to 2030
3.2 Cannabis Extract Market Outlook by Type, $ Million, 2021 to 2030
3.3 Cannabis Extract Market Outlook by Product, $ Million, 2021 to 2030
3.4 Cannabis Extract Market Outlook by Application, $ Million, 2021 to 2030
3.5 Cannabis Extract Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Cannabis Extract Market Industry
4.2 Key Market Trends in Cannabis Extract Market Industry
4.3 Potential Opportunities in Cannabis Extract Market Industry
4.4 Key Challenges in Cannabis Extract Market Industry
5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Cannabis Extract Market Share by Company (%), 2023
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Cannabis Extract Market Outlook By Segments
7.1 Cannabis Extract Market Outlook by Segments
By Product
Oils
Tinctures
By Extract Type
Full Spectrum Extracts
Cannabis Isolates
By Source
Hemp
Marijuana
By End-user
Medical Use
-Cancer
-Chronic Pain
-Depression and Anxiety
-Arthritis
-Diabetes
-Glaucoma
-Migraines
-Epilepsy
-Multiple Sclerosis
-AIDS
-Amyotrophic Lateral Sclerosis
-Alzheimer’s
-Post-Traumatic Stress Disorder (PTSD)
-Parkinson's
-Tourette’s
-Others
Recreational Use
8 North America Cannabis Extract Market Analysis And Outlook To 2030
8.1 Introduction to North America Cannabis Extract Markets in 2024
8.2 North America Cannabis Extract Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Cannabis Extract Market size Outlook by Segments, 2021-2030
By Product
Oils
Tinctures
By Extract Type
Full Spectrum Extracts
Cannabis Isolates
By Source
Hemp
Marijuana
By End-user
Medical Use
-Cancer
-Chronic Pain
-Depression and Anxiety
-Arthritis
-Diabetes
-Glaucoma
-Migraines
-Epilepsy
-Multiple Sclerosis
-AIDS
-Amyotrophic Lateral Sclerosis
-Alzheimer’s
-Post-Traumatic Stress Disorder (PTSD)
-Parkinson's
-Tourette’s
-Others
Recreational Use
9 Europe Cannabis Extract Market Analysis And Outlook To 2030
9.1 Introduction to Europe Cannabis Extract Markets in 2024
9.2 Europe Cannabis Extract Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Cannabis Extract Market Size Outlook By Segments, 2021-2030
By Product
Oils
Tinctures
By Extract Type
Full Spectrum Extracts
Cannabis Isolates
By Source
Hemp
Marijuana
By End-user
Medical Use
-Cancer
-Chronic Pain
-Depression and Anxiety
-Arthritis
-Diabetes
-Glaucoma
-Migraines
-Epilepsy
-Multiple Sclerosis
-AIDS
-Amyotrophic Lateral Sclerosis
-Alzheimer’s
-Post-Traumatic Stress Disorder (PTSD)
-Parkinson's
-Tourette’s
-Others
Recreational Use
10 Asia Pacific Cannabis Extract Market Analysis And Outlook To 2030
10.1 Introduction to Asia Pacific Cannabis Extract Markets in 2024
10.2 Asia Pacific Cannabis Extract Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Cannabis Extract Market size Outlook by Segments, 2021-2030
By Product
Oils
Tinctures
By Extract Type
Full Spectrum Extracts
Cannabis Isolates
By Source
Hemp
Marijuana
By End-user
Medical Use
-Cancer
-Chronic Pain
-Depression and Anxiety
-Arthritis
-Diabetes
-Glaucoma
-Migraines
-Epilepsy
-Multiple Sclerosis
-AIDS
-Amyotrophic Lateral Sclerosis
-Alzheimer’s
-Post-Traumatic Stress Disorder (PTSD)
-Parkinson's
-Tourette’s
-Others
Recreational Use
11 South America Cannabis Extract Market Analysis And Outlook To 2030
11.1 Introduction to South America Cannabis Extract Markets in 2024
11.2 South America Cannabis Extract Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Cannabis Extract Market size Outlook by Segments, 2021-2030
By Product
Oils
Tinctures
By Extract Type
Full Spectrum Extracts
Cannabis Isolates
By Source
Hemp
Marijuana
By End-user
Medical Use
-Cancer
-Chronic Pain
-Depression and Anxiety
-Arthritis
-Diabetes
-Glaucoma
-Migraines
-Epilepsy
-Multiple Sclerosis
-AIDS
-Amyotrophic Lateral Sclerosis
-Alzheimer’s
-Post-Traumatic Stress Disorder (PTSD)
-Parkinson's
-Tourette’s
-Others
Recreational Use
12 Middle East And Africa Cannabis Extract Market Analysis And Outlook To 2030
12.1 Introduction to Middle East and Africa Cannabis Extract Markets in 2024
12.2 Middle East and Africa Cannabis Extract Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Cannabis Extract Market size Outlook by Segments, 2021-2030
By Product
Oils
Tinctures
By Extract Type
Full Spectrum Extracts
Cannabis Isolates
By Source
Hemp
Marijuana
By End-user
Medical Use
-Cancer
-Chronic Pain
-Depression and Anxiety
-Arthritis
-Diabetes
-Glaucoma
-Migraines
-Epilepsy
-Multiple Sclerosis
-AIDS
-Amyotrophic Lateral Sclerosis
-Alzheimer’s
-Post-Traumatic Stress Disorder (PTSD)
-Parkinson's
-Tourette’s
-Others
Recreational Use
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Aphria Inc
Aurora Cannabis
CANOPY GROWTH CORP
Maricann Inc
Organigram Holdings Inc
The Cronos Group
The Cronos Group
Tikun Olam
Tilray
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Product
Oils
Tinctures
By Extract Type
Full Spectrum Extracts
Cannabis Isolates
By Source
Hemp
Marijuana
By End-user
Medical Use
-Cancer
-Chronic Pain
-Depression and Anxiety
-Arthritis
-Diabetes
-Glaucoma
-Migraines
-Epilepsy
-Multiple Sclerosis
-AIDS
-Amyotrophic Lateral Sclerosis
-Alzheimer’s
-Post-Traumatic Stress Disorder (PTSD)
-Parkinson's
-Tourette’s
-Others
Recreational Use
The global Cannabis Extract Market is one of the lucrative growth markets, poised to register a 20.8% growth (CAGR) between 2024 and 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Aphria Inc, Aurora Cannabis, CANOPY GROWTH CORP, Maricann Inc, Organigram Holdings Inc, The Cronos Group, The Cronos Group, Tikun Olam, Tilray
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume