Cannabis Extract Market - Forecast, COVID-19 Impact, Trend Analysis & Competition Tracking - Global Market Insights 2017-2032

Cannabis Extract Market: Introduction

The cannabis, also known as marijuana is extracted from Indian hemp plants including cannabis sativa and cannabis indica. An increase in the application of medical marijuana for treating severe diseases such as cancer, Alzheimer’s and arthritis, and various neural disorders can enhance the growth of the global cannabis extract market. The products pull out from cannabis concentrates are denoted as cannabis extract. The concentrates consist of highly concentrated cannabinoids and terpenes. The product can also be resulting by using isopropyl alcohol as a solvent or derived from the grain.

Cannabis Extract Market: Key Dynamics

The growth of the cannabis extract market can be credited to the rise in the use of medical marijuana for treating severe ailments such as cancer, arthritis and Alzheimer. Aside from this, cannabis extracts are also used to treat neural disorders like epilepsy, depression and anxiety. Furthermore, many of the countries in North America and Latin America have legalized use of medical cannabis while some of the European countries are trying to relax the laws governing the use of cannabis. This characteristic will boost the significant growth of the cannabis extract industry across the globe. Additionally, the widespread usage of the product as antidepressant across the healthcare and pharma sectors will increase the growth rate of cannabis extract industry over the upcoming years. Apparently, growing need for effectively reducing the pain during the treatment of chronic diseases has triggered humungous demand for the product, so not only shaping the growth of the market but also adding new dimensions to it.

Cannabis Extract Market: Report Scope

The “Global Cannabis Extract Market” report offers in-depth analysis of micro and macro-economic factors, price point assessment, along with market attractiveness analysis. The report also focuses on multiple qualitative and quantitative factors on global cannabis extract market geographies and market segments. The report also aims to provide a detailed overview of the parent market for analyzing the competitive landscape of the global cannabis extract market in the food and beverages industry. The report is dedicated to offering strategic information on leading cannabis extract market players and offers several growth prospects of the cannabis extract market.

Cannabis Extract Market: Segmentation

The global cannabis extract market is segmented on the basis of product, extract type, grade and application. 

The global cannabis extract market on the basis of product is segmented as:

·        Tinctures

·        Oils

The global cannabis extract market on the basis of extract type is segmented as:

·        Full Spectrum

·        Isolates

 The global cannabis extract market on the basis of grade is segmented as:

·        Food

·        Therapeutic Jars

The global cannabis extract market on the basis of application is segmented as:

·        Food and Beverages

·        Cosmetics and Personal Care

·        Pharmaceuticals

·        Others

Cannabis Extract Market: Key Market Players

Along with the company profiles of key companies enabling the market expansion, the report covers a detailed competition landscape scenario of the cannabis extract market. Comparison and market share analysis of prominent players provided in the report offers the reader preventive steps to advance their businesses. The reports cover strategic developments in the cannabis extract market focused on inorganic and organic growth strategies. The company profile is one of the carefully crafted section in the cannabis extract market report, which extracts fundamentals such as SWOT analysis, product portfolio on each player, along with the company strategy identification and analysis. Company presence deliberately mapped and presented with a model for all prominent players operating in the cannabis extract market.

Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Maricann Group, Inc., Tilray, GW Pharmaceuticals, plc., ABcannMedicinals, Inc., Organigram Holding, Inc., Tikun Olam, Ltd. and The Chronos Group are some of the key market players operating in the global cannabis extract market.

Cannabis Extract Market: Regional Outlook

The report provides a detailed overview of the cannabis extract market in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for cannabis extract market has been offered for all regional market, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout the report, Y-o-Y growth estimates are also incorporated for every country and region, to provide a detailed view of the cannabis extract market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the cannabis extract market. Some key country and region included in the cannabis extract market report as follows:

North America (U.S., Canada)

Latin America (Mexico, Argentina, Brazil, Peru, Chile)

Europe (Germany, France, Italy, U.K., BENELUX, Nordics, Spain, Poland, Russia, CIS)

Asia Pacific (China, ASEAN, India, Japan, South Korea)

Oceania (Australia, New Zealand)

Middle East and Africa (South Africa, GCC Countries, Turkey, Israel, Iran)

The Cannabis Extract Market Report Covers In-depth Analysis on:

·        Cannabis extract market segments

·        Cannabis extract market dynamics

·        Cannabis extract market size

·        Recent trends, restraints, opportunities in cannabis extract market

·        Companies & competition involved cannabis extract market

·        Latest technologies in cannabis extract market

·        Supply chain and value chain cannabis extract market

Cannabis Extract Market Report Highlights:

·        A comprehensive overview of parent market

·        Market dynamics and trends in the industry

·        Current, historical and anticipated market size in terms of value and volume

·        In-depth market segmentation

·        Competition landscape

·        Key Strategies of leading companies and product portfolio

·        Recent industry developments and trends

·        Potential and country, regions and segments exhibiting future growth

·        A detailed viewpoint on market performance during the forecast period

·        Essential information to enhance market position