Italy Cannabis Extract Market Size & Outlook, 2023-2030
Italy Cannabis Extract Market, 2018-2030 (US$M)
Global Market
Related Markets
Italy cannabis extract market highlights
- The Italy cannabis extract market generated a revenue of USD 16.0 million in 2023 and is expected to reach USD 113.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 32.2% 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.
Cannabis extract market data book summary
| Market revenue in 2023 | USD 16.0 million |
| Market revenue in 2030 | USD 113.0 million |
| Growth rate | 32.2% (CAGR from 2023 to 2030) |
| Largest segment | Oils |
| Fastest growing segment | Oils |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Italy accounted for 0.4% of the global cannabis extract market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK cannabis extract market is projected to lead the regional market in terms of revenue in 2030.
- Switzerland is the fastest growing regional market in Europe and is projected to reach USD 116.3 million by 2030.
Switzerland is one of the most progressive countries in Europe. The Swiss laws on cannabis possession and consumption have been relatively relaxed. In August 2022, Switzerland permitted the use of medical cannabis. Starting from August 1, 2022, patients can access medical cannabis with a doctor's prescription.
Prior to this new law, individuals in need of medical cannabis had to submit a request to the Federal Office of Public Health (FOPH), which is Switzerland's central authority for public health. This legalization also paves the way for the export of medical cannabis for commercial reasons.
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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 |
Italy 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 80.62% in 2023.
Horizon Databook has segmented the Italy cannabis extract market based on oils, tinctures covering the revenue growth of each sub-segment from 2018 to 2030.
Switzerland is one of the most progressive countries in Europe. The Swiss laws on cannabis possession and consumption have been relatively relaxed. In August 2022, Switzerland permitted the use of medical cannabis. Starting from August 1, 2022, patients can access medical cannabis with a doctor's prescription.
Prior to this new law, individuals in need of medical cannabis had to submit a request to the Federal Office of Public Health (FOPH), which is Switzerland's central authority for public health. This legalization also paves the way for the export of medical cannabis for commercial reasons.
- Italy Cannabis Extract Market Product Type Outlook (Revenue, USD Million , 2018-2030)
- Oils
- Tinctures
- Italy Cannabis Extract Market Extract Type Outlook (Revenue, USD Million , 2018-2030)
- Full Spectrum
- Isolates
- Italy Cannabis Extract Market Source Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy Cannabis Extract Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Italy Cannabis Extract Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Italy Cannabis Extract Market, 2018-2030 (US$M)
Italy cannabis extract market statistics, by product, 2018-2030 (US$M)
