Cannabinoids Market Overview, Analysis And Demand By 2034


Offering reliable and timely data, this report is a key resource for anyone building or refining their cannabinoids industry roadmap.

How Much Is The Cannabinoids Market Worth?
The cannabinoids market size has grown rapidly in recent years. It will grow from $39.45 billion in 2024 to $47.03 billion in 2025 at a compound annual growth rate (CAGR) of 19.2%. The growth in the historic period can be attributed to medical cannabis legalization, increasing acceptance of cannabis, research and development, regulatory changes, growing awareness of cannabinoid benefits, investments in cannabis industry, consumer trends toward natural products.

The cannabinoids market size is expected to see exponential growth in the next few years. It will grow to $99.82 billion in 2029 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to wider legalization and decriminalization, research advancements, diverse product offerings, international market expansion, public health awareness initiatives. Major trends in the forecast period include increasing acceptance and destigmatization, diversification of product offerings, innovation in delivery methods, quality and safety standards, social equity and inclusivity initiatives.

Get your free sample today:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8079&type=smp

What Are The Current Leading Growth Drivers For Cannabinoids Market?
The rising prevalence of chronic diseases is expected to propel the cannabinoid market. Chronic diseases refer to illnesses that last a year or longer and require ongoing medical attention. The effectiveness of cannabinoids, such as smoked marijuana, oromucosal extracts of cannabis-based medication, nabilone, dronabinol, and a new THC analogue, in the treatment of chronic noncancer pain, was examined in a systematic review of randomized controlled trials. For instance, in September 2023, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. As a result, the rising prevalence of chronic diseases is driving the growth of the cannabinoid market.

Which Segment Accounted For The Largest Cannabinoids Market Share?
The cannabinoidsmarket covered in this report is segmented –

1) By Product Type: Cannabidiol; Tetrahydrocannabinol; Cannabinol; Other Product Types
2) By Distribution: Hospital Pharmacies; Retail Pharmacies; Online Stores
3) By Application: Medical; Recreational; Industrial Hemp

Subsegments:
1) By Cannabidiol (CBD): Full-Spectrum CBD; Broad-Spectrum CBD; CBD Isolate
2) By Tetrahydrocannabinol (THC): Delta-9 THC; Delta-8 THC
3) By Cannabinol (CBN): CBN Isolate; CBN Oil
4) By Other Product Types: Cannabigerol (CBG); Cannabichromene (CBC); Terpenes And Other Phytocannabinoids

Cannabinoids Market Emerging Trends And Opportunities
Major companies operating in the cannabinoids market are focused on introducing advanced cannabis-based cosmetic solutions, such as CBG and CBD rescue cream, to gain a competitive edge in the market. Cannabis-based cosmetic solutions are cosmetic products that contain cannabis or its derivatives, such as CBD or CBG, as an active ingredient. These products are used in the cosmetic industry for various purposes, such as skin moisturizing, anti-aging, and anti-inflammatory effects. For instance, in November 2022, British Cannabis, a UK-based producer of cannabis, launched the Synergy CBG and CBD Rescue Cream. It is the UK’s first cannabis cosmetic to undertake clinical trials, and it is now all the better from having an extra-active ingredient, CBG, in its formula. Together with two natural, legal cannabis plant extracts, cannabidiol (CBD) and cannabigerol (CBG), Synergy CBD Rescue Cream is a gentle, natural cream that makes up one of the most comprehensive skin care products on the market.

Which Are The Top Companies To Hold The Market Share In Cannabinoids Market?
Major companies operating in the cannabinoids market are The Supreme Cannabis Company Inc., Elixinol Global Limited, GW Pharmaceuticals PLC., Tilray Inc., Aurora Cannabis Inc., Innovative Ind Props, Curaleaf Holdings Inc., Green Thumb Industries, Verano Holdings, Trulieve Cannabis Corp., Cresco Labs Inc., Cronos Group, TerrAscend Corp., Canopy Growth Corp., Sundial Growers Inc., Decibel Cannabis Company, Auxly Cannabis Group, Red White & Bloom Brands, BZAM Ltd, Delta 9 Cannabis Inc., Mylan N.V., Westleaf Cannabis Inc., GrowGeneration, The Scotts Miracle-Gro Company, Jazz Pharmaceuticals PLC, Aphria Inc., Organigram Inc., Alkem labs, MediPharm Labs Corp., The Valens GroWorks Inc.

View the full cannabinoids market report here:
https://www.thebusinessresearchcompany.com/report/cannabinoids-global-market-report

Which Region Is Projected To Account For The Largest Share Of The Cannabinoids Market?
North America was the largest region in the cannabinoids market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cannabinoids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Contact Us:

The Business Research Company

https://thebusinessresearchcompany.com/

Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267

Email: info@tbrc.info


Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Comments

Post a Comment

Popular posts from this blog

Paperboard Packaging Market Analysis, Share And Growth By 2025 - 2034

Image
Drawing from trusted sources and expert analysis, this report helps businesses navigate the complex landscape of the paperboard packaging industry. Paperboard Packaging Market Analysis & Forecast: 2025-2029 The paperboard packaging market size has grown steadily in recent years. It will grow from $213.03 billion in 2024 to $221.76 billion in 2025 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to sustainable packaging demand, shift from plastic to paperboard, brand preference for eco-friendly packaging, regulatory changes, cost-efficiency of paperboard. The paperboard packaging market size is expected to see strong growth in the next few years. It will grow to $296.77 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rise in convenience packaging, product protection demands, health and safety concerns, customization and branding, cost-efficiency. Major tren...
Read more

Unattended Terminals Market Scope, Size And Growth 2025

Image
Unlock 30% off global market reports with code ONLINE30 – get insights on tariff changes, macro trends, and global economic shifts. What is the forecasted revenue size of the unattended terminals industry by 2029? The unattended terminals market size has grown rapidly in recent years. It will grow from $1.58 billion in 2024 to $1.76 billion in 2025 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to the expansion of e-commerce growth, increasing smartphone integration, rising demand for contactless payments, rise in data analytics, and growth in the healthcare industry. The unattended terminals market size is expected to see rapid growth in the next few years. It will grow to $2.69 billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to growth in the retail industry, rise in smart cities, rise in digital payments, growing shift towards consumer convenience, and acc...
Read more

Freight Transport Management Market Size, Scope And Growth 2025 To 2034

Image
Unlock 30% off global market reports with code ONLINE30 – get insights on tariff changes, macro trends, and global economic shifts. What is the projected value of the freight transport management market by 2029? The freight transport management market size has grown rapidly in recent years. It will grow from $27.28 billion in 2024 to $30.5 billion in 2025 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to increased globalization, growing population, increase in demand for goods and services, increase in government policies aimed at promoting global trade, and rising freight transportation. The freight transport management market size is expected to see rapid growth in the next few years. It will grow to $46.99 billion in 2029 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to trade expansion, the rise of the e-commerce industry, the increasing complexity of supply chains, th...
Read more