Europe Cannabis Extract Market Size & Outlook, 2023-2030
Europe Cannabis Extract Market, 2018-2030 (US$M)
Global Market
Related Markets
Europe cannabis extract market highlights
- The Europe cannabis extract market generated a revenue of USD 427.2 million in 2023.
- The market is expected to grow at a CAGR of 21.3% from 2024 to 2030.
- In terms of segment, oils was the largest revenue generating product in 2023.
- Oils is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Switzerland is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 427.2 million |
| Market revenue in 2030 | USD 1,654.2 million |
| Growth rate | 21.3% (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 |
| Key market players worldwide | Tikun Olam Cannbit Pharmaceuticals Ltd, Canopy Growth Corp, Tilray Brands Inc, Aurora Cannabis Inc, The Cronos Group, OrganiGram Holdings Inc, Aphria Inc, Maricann Group |
Other key industry trends
- In terms of revenue, Europe region accounted for 9.8% of the global cannabis extract market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 2,601.3 million by 2030.
Europe is gradually adopting lenient regulations surrounding cannabis and its derivatives. Several countries have legalized medical cannabis, and some are moving toward decriminalization or legalization for recreational use.
This shift is opening legal avenues for the production and sale of cannabis extracts. Moreover, the medical community in the region is increasingly recognizing the therapeutic potential of cannabis extracts, particularly cannabidiol. As a result, patients are gaining access to these products to manage a wide range of medical conditions, including chronic pain, epilepsy, and anxiety.
Furthermore, Increased investment in R&D is spurring innovation in cannabis extract products, including improved formulations and delivery methods. European countries are positioning themselves as leaders in cannabis research.
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
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
Cannabis Extract Market Scope
Cannabis Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aurora Cannabis Inc | View profile | 1,130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | www.auroramj.com |
| Canopy Growth Corp | View profile | 1,621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | www.canopygrowth.com |
| Tilray Brands Inc | View profile | 1,600 | 265 Talbot Street West, Leamington, ON, Canada, N8H 5L4 | www.tilray.com |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | cronos-groep.be/ |
| OrganiGram Holdings Inc | View profile | 987 | 145 King Street West, Suite 1400, Toronto, ON, Canada, M5H 1J8 | www.organigram.ca |
| Aphria Inc | View profile | 501-1000 | Leamington, Ontario, Canada, North America | aphriainc.com/ |
| Tikun Olam Cannbit Pharmaceuticals Ltd | View profile | 51 | The Fourteenth, Tel Aviv, Israel | www.cannbit.com |
| Maricann Group | View profile | 51-100 | Burlington, Ontario, Canada, North America | www.maricann.com |
Europe 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 Outlook will help companies and investors design strategic landscapes.
Oils was the largest segment with a revenue share of 80.85% in 2023.
Horizon Databook has segmented the Europe cannabis extract market based on oils, tinctures covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is gradually adopting lenient regulations surrounding cannabis and its derivatives. Several countries have legalized medical cannabis, and some are moving toward decriminalization or legalization for recreational use.
This shift is opening legal avenues for the production and sale of cannabis extracts. Moreover, the medical community in the region is increasingly recognizing the therapeutic potential of cannabis extracts, particularly cannabidiol. As a result, patients are gaining access to these products to manage a wide range of medical conditions, including chronic pain, epilepsy, and anxiety.
Furthermore, Increased investment in R&D is spurring innovation in cannabis extract products, including improved formulations and delivery methods. European countries are positioning themselves as leaders in cannabis research.
- Europe Cannabis Extract Market Product Type Outlook (Revenue, USD Million , 2018-2030)
- Oils
- Tinctures
- Europe Cannabis Extract Market Extract Type Outlook (Revenue, USD Million , 2018-2030)
- Full Spectrum
- Isolates
- Europe Cannabis Extract Market Source Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
Reasons to subscribe to Cannabis Extract Market Outlook 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 Cannabis Extract Market Outlook databook
- Our clientele includes a mix of Cannabis Extract Market Outlook 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 continent-level data and insights on the Europe Cannabis Extract Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Cannabis Extract Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Cannabis Extract Market, 2018-2030 (US$M)
Europe cannabis extract market statistics, by product, 2018-2030 (US$M)
