Global Cannabis Extract Market Size & Outlook, 2023-2030
Global cannabis extract market, 2018-2030 (US$M)
Related Markets
Global cannabis extract market highlights
- The global cannabis extract market generated a revenue of USD 4,339.5 million in 2023 and is expected to reach USD 15,514.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 20% by 2030.
- In terms of segment, oils accounted for a revenue of USD 2,715.0 million in 2023.
- Oils is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,339.5 million |
| Market revenue in 2030 | USD 15,514.3 million |
| Growth rate | 20% (CAGR from 2023 to 2030) |
| Largest segment | Oils |
| Fastest growing segment | Oils |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oils, Tinctures |
Other key industry trends
- In terms of revenue, the North America accounted for 77.4% of the global cannabis extract market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 8,190.1 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Cannabis Extract Market Scope
Cannabis Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Maricann Group | View profile | 51-100 | Burlington, Ontario, Canada, North America | https://www.maricann.com |
| Tikun Olam Cannbit Pharmaceuticals Ltd | View profile | 51 | The Fourteenth, Tel Aviv, Israel | https://www.cannbit.com |
| Aphria Inc | View profile | 501-1000 | Leamington, Ontario, Canada, North America | https://aphriainc.com/ |
| OrganiGram Holdings Inc | View profile | 987 | 145 King Street West, Suite 1400, Toronto, ON, Canada, M5H 1J8 | https://www.organigram.ca |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | https://cronos-groep.be/ |
| Tilray Brands Inc | View profile | 1600 | 265 Talbot Street West, Leamington, ON, Canada, N8H 5L4 | https://www.tilray.com |
| Canopy Growth Corp | View profile | 1621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | https://www.canopygrowth.com |
| Aurora Cannabis Inc | View profile | 1130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | https://www.auroramj.com |
Global cannabis extract market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cannabis extract market will help companies and investors design strategic landscapes.
Oils was the largest segment with a revenue share of 62.56% in 2023. Horizon Databook has segmented the Global cannabis extract market based on oils, tinctures covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cannabis Extract Product Outlook (Revenue, USD Million, 2018-2030)
- Oils
- Tinctures
- Global Cannabis Extract Extract Type Outlook (Revenue, USD Million, 2018-2030)
- Full Spectrum
- Isolates
- Global Cannabis Extract Source Outlook (Revenue, USD Million, 2018-2030)
- Hemp
- Marijuana
Reasons to subscribe to Global cannabis extract market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global cannabis extract market databook
-
Our clientele includes a mix of cannabis extract market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global cannabis extract market , including forecasts for subscribers. This global databook contains high-level insights into Global cannabis extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global cannabis extract market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cannabis extract market size, 2023 (US$M)
Global cannabis extract market share, by product, 2023 & 2030 (%, US$M)
Cannabis extract market: Opportunity assessment by country
Global cannabis extract market, by region, 2023 (US$M)
Related statistics
No records
No related statistics found.
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
