Cannabis Extract Market Overview, Analysis And Demand By 2034
This report presents a fact-based view of the cannabis extract sector to help companies respond to market shifts and uncover growth potential. Cannabis Extract Market Analysis & Forecast: 2025-2029 The cannabis extract market size has grown exponentially in recent years. It will grow from $10.38 billion in 2024 to $12.6 billion in 2025 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to emergence of CBD market, consumer trends toward natural products, cannabis legalization for recreational use, diverse product offerings, research and development. The cannabis extract market size is expected to see rapid growth in the next few years. It will grow to $25.93 billion in 2029 at a compound annual growth rate (CAGR) of 19.8%. The growth in the forecast period can be attributed to health and wellness trends, consumer education initiatives, customization of extract products, integration in beauty and personal care. Major trends in t...