Cannabis Extraction Market Size, Share, Trends, Growth Outlook

Cannabis Extraction Market is estimated to increase at a growth rate of 19.8% CAGR over the forecast period from 2024 to 2030.

The Cannabis Extraction Market Study forecasts the market size across 6 regions and 24 countries for diverse segments including-Type (Dry-sieve Extraction (Solvent-less), Water Extraction (Solvent-less), Rosin Press Extraction (Solvent-less), Isopropyl Oil or Quick-Wash ISO Extraction (Solvent), Butane Honey Oil Extraction (BHO), Supercritical Co2 Oil Extraction (Solvent), Ethanol Extraction (Solvent), Application (Food, Pharmaceuticals, Cosmetics, Others).

An Introduction to Cannabis Extraction Market, 2024

Cannabis Extraction: The market for cannabis extraction is driven by the need to extract cannabinoids and other compounds from cannabis plants for various applications, including medicinal, recreational, and industrial uses. Key drivers include the extraction methods used to isolate specific compounds like CBD or THC, which are essential for creating diverse cannabis products. The appeal lies in cannabis extraction's role in producing concentrated and purified compounds for pharmaceuticals, edibles, topicals, or vaping products, catering to industries seeking precise and high-quality extracts for their formulations.

Cannabis Extraction Market Trend: Surge in Demand for High-Quality Cannabis Extracts and Concentrates

A prominent trend in the cannabis extraction market is the surge in demand for high-quality cannabis extracts and concentrates. As the cannabis industry evolves, consumers are increasingly seeking potent and refined products that offer precise dosing and a superior user experience. This trend is driven by a growing preference for concentrates, such as oils, tinctures, and distillates, which provide concentrated forms of cannabinoids, terpenes, and other desirable compounds found in cannabis. The market is witnessing an increased focus on advanced extraction technologies and methods to produce premium extracts, meeting the demand for potency, purity, and diverse product options in the cannabis market.

Cannabis Extraction Market Driver: Growing Legalization and Expansion of Cannabis Markets

A key driver for the cannabis extraction market is the growing legalization and expansion of cannabis markets globally. As more regions and countries legalize the cultivation and sale of cannabis for both medical and recreational use, there is a substantial increase in the demand for cannabis extracts to create a wide range of products. The driver is fueled by changing regulatory landscapes and the recognition of the therapeutic and recreational potential of cannabinoids. This expanding legal framework opens up new markets and creates opportunities for cannabis extraction companies to provide essential raw materials for a variety of cannabis-based products.

Cannabis Extraction Market Opportunity: Diversification into Niche Cannabinoids and Custom Formulations

A notable potential opportunity in the cannabis extraction market lies in the diversification into niche cannabinoids and custom formulations. With an increasing understanding of the therapeutic properties of various cannabinoids beyond THC and CBD, there is an opportunity for extraction companies to specialize in lesser-known cannabinoids such as CBG, CBN, or THCV. Additionally, offering custom formulations tailored to specific needs and preferences allows extraction companies to cater to a broader spectrum of consumers and product manufacturers. This opportunity enables companies to position themselves as leaders in specialized extracts and meet the evolving demands of the cannabis industry for personalized and unique cannabinoid formulations.

Cannabis Extraction Market Segmentation

Type
Dry-sieve Extraction (Solvent-less)
Water Extraction (Solvent-less)
Rosin Press Extraction (Solvent-less)
Isopropyl Oil or Quick-Wash ISO Extraction (Solvent)
Butane Honey Oil Extraction (BHO)
Supercritical Co2 Oil Extraction (Solvent)
Ethanol Extraction (Solvent)

Application
Food
Pharmaceuticals
Cosmetics
Others

Geographical Segmentation
• North America (US, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, South East Asia, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, Egypt, South Africa, Nigeria, Rest of Africa)
 

Cannabis Extraction Companies Profiled in the Study-

Westleaf Inc.
MediPharm Labs Corp
Valens GroWorks Corp
Indiva Limited
Neptune Wellness Solutions Inc.
Peridot Labs Inc.
Halo Collective Inc.
BAS Research, Inc.
Einstein Labs LLC
C21 Investments Inc.

Reasons to Buy the Cannabis Extraction Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Cannabis Extraction Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Cannabis Extraction Market industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction To 2024 Cannabis Extraction Markets
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Included
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 Extraction Market Size Outlook, $ Million, 2021 to 2030
3.2 Cannabis Extraction Market Outlook by Type, $ Million, 2021 to 2030
3.3 Cannabis Extraction Market Outlook by Product, $ Million, 2021 to 2030
3.4 Cannabis Extraction Market Outlook by Application, $ Million, 2021 to 2030
3.5 Cannabis Extraction Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Cannabis Extraction Industry
4.2 Key Market Trends in Cannabis Extraction Industry
4.3 Potential Opportunities in Cannabis Extraction Industry
4.4 Key Challenges in Cannabis Extraction Industry

5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Cannabis Extraction Market Share by Company
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 Extraction Market Outlook by Segments
7.1 Cannabis Extraction Market Outlook by Segments
Type
Dry-sieve Extraction (Solvent-less)
Water Extraction (Solvent-less)
Rosin Press Extraction (Solvent-less)
Isopropyl Oil or Quick-Wash ISO Extraction (Solvent)
Butane Honey Oil Extraction (BHO)
Supercritical Co2 Oil Extraction (Solvent)
Ethanol Extraction (Solvent)

Application
Food
Pharmaceuticals
Cosmetics
Others

8 North America Cannabis Extraction Market Analysis and Outlook To 2030
8.1 Introduction to North America Cannabis Extraction Markets in 2024
8.2 North America Cannabis Extraction 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 Extraction Market size Outlook by Segments, 2021-2030
Type
Dry-sieve Extraction (Solvent-less)
Water Extraction (Solvent-less)
Rosin Press Extraction (Solvent-less)
Isopropyl Oil or Quick-Wash ISO Extraction (Solvent)
Butane Honey Oil Extraction (BHO)
Supercritical Co2 Oil Extraction (Solvent)
Ethanol Extraction (Solvent)

Application
Food
Pharmaceuticals
Cosmetics
Others

9 Europe Cannabis Extraction Market Analysis and Outlook To 2030
9.1 Introduction to Europe Cannabis Extraction Markets in 2024
9.2 Europe Cannabis Extraction 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 Extraction Market size Outlook by Segments, 2021-2030
Type
Dry-sieve Extraction (Solvent-less)
Water Extraction (Solvent-less)
Rosin Press Extraction (Solvent-less)
Isopropyl Oil or Quick-Wash ISO Extraction (Solvent)
Butane Honey Oil Extraction (BHO)
Supercritical Co2 Oil Extraction (Solvent)
Ethanol Extraction (Solvent)

Application
Food
Pharmaceuticals
Cosmetics
Others

10 Asia Pacific Cannabis Extraction Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Cannabis Extraction Markets in 2024
10.2 Asia Pacific Cannabis Extraction 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 Extraction Market size Outlook by Segments, 2021-2030
Type
Dry-sieve Extraction (Solvent-less)
Water Extraction (Solvent-less)
Rosin Press Extraction (Solvent-less)
Isopropyl Oil or Quick-Wash ISO Extraction (Solvent)
Butane Honey Oil Extraction (BHO)
Supercritical Co2 Oil Extraction (Solvent)
Ethanol Extraction (Solvent)

Application
Food
Pharmaceuticals
Cosmetics
Others

11 South America Cannabis Extraction Market Analysis and Outlook To 2030
11.1 Introduction to South America Cannabis Extraction Markets in 2024
11.2 South America Cannabis Extraction 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 Extraction Market size Outlook by Segments, 2021-2030
Type
Dry-sieve Extraction (Solvent-less)
Water Extraction (Solvent-less)
Rosin Press Extraction (Solvent-less)
Isopropyl Oil or Quick-Wash ISO Extraction (Solvent)
Butane Honey Oil Extraction (BHO)
Supercritical Co2 Oil Extraction (Solvent)
Ethanol Extraction (Solvent)

Application
Food
Pharmaceuticals
Cosmetics
Others

12 Middle East and Africa Cannabis Extraction Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Cannabis Extraction Markets in 2024
12.2 Middle East and Africa Cannabis Extraction 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 Extraction Market size Outlook by Segments, 2021-2030
Type
Dry-sieve Extraction (Solvent-less)
Water Extraction (Solvent-less)
Rosin Press Extraction (Solvent-less)
Isopropyl Oil or Quick-Wash ISO Extraction (Solvent)
Butane Honey Oil Extraction (BHO)
Supercritical Co2 Oil Extraction (Solvent)
Ethanol Extraction (Solvent)

Application
Food
Pharmaceuticals
Cosmetics
Others

List of Companies
Westleaf Inc.
MediPharm Labs Corp
Valens GroWorks Corp
Indiva Limited
Neptune Wellness Solutions Inc.
Peridot Labs Inc.
Halo Collective Inc.
BAS Research, Inc.
Einstein Labs LLC
C21 Investments Inc.

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

Type/brDry-sieve Extraction (Solvent-less) /brWater Extraction (Solvent-less) /brRosin Press Extraction (Solvent-less) /brIsopropyl Oil or Quick-Wash ISO Extraction (Solvent) /brButane Honey Oil Extraction (BHO) /brSupercritical Co2 Oil Extraction (Solvent) /brEthanol Extraction (Solvent) /br/brApplication/brFood /brPharmaceuticals/brCosmetics /brOthers