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 the forecast period include innovation in extraction technologies, full-spectrum and broad-spectrum extracts, focus on terpenes, product standardization and quality assurance, collaborations and partnerships.

Get your free sample today:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8080&type=smp

What Are The Factors Driving The Cannabis Extract Market?
The increase in prevalence of chronic diseases is expected to propel the cannabis extract market. Chronic diseases are illnesses that last a year or longer and require ongoing medical attention. The cannabis extract is effective in the treatment of chronic noncancer pain. 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 increasing prevalence of chronic diseases is driving the cannabis extract market.

What Segments Are Covered In The Cannabis Extract Market Report?
The cannabis extractmarket covered in this report is segmented –

1) By Product Type: Oils; Tinctures
2) By Extract Type: Full Spectrum Extracts; Cannabis Isolates
3) By Sources: Hemp; Marijuana
4) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
5) By Application: Textile; Cosmetic; Pharmaceutical; Paper

Subsegments:
1) By Oils: CBD Oils; THC Oils; Full-Spectrum Oils
2) By Tinctures: CBD Tinctures; THC Tinctures; Herbal Infused Tinctures

What Are The Main Trends, Positively Impacting The Growth Of Cannabis Extract Market?
Collaboration is the key trend gaining popularity in the cannabis extract market. Major companies operating in the market are collaborating with each other to sustain in the market. For instance, in January 2023, Freedom Cannabis Inc., a Canada-based cannabis company, and its joint venture partner, Cannabis Tolling Solutions (CTS), a Canada-based provider of cannabis extraction services, announced the completion and full operation of their new cannabis extract processing lab. This lab will provide the joint venture partners with a new revenue stream for creating cannabis extracts. The newly built space uses state-of-the-art hydrocarbon extraction equipment. Initially, the companies will provide zero-additives cannabis extract vape pen-ready goods and full-spectrum cannabis extracts, also referred to as ‘diamonds and sauce’. The CTS team's access to the legal concentrates market is made possible by Freedom Cannabis, and the announcement of the extracts lab's opening expands on their already-existing partnership.

Which Are The Major Players Operating In The Global Cannabis Extract Market?
Major companies operating in the cannabis extract market are Canopy Growth Corporation, Tikun Olam, Aurora Cannabis Inc., Aphria Inc., Tilray Inc., GW Pharmaceuticals PLC, The Cronos Group, The Supreme Cannabis Company Inc., Elixinol Global Limited, Westleaf Cannabis Inc., Medipharm Labs Corp., The Valens Company Inc., Curaleaf Holdings Inc., Innovative Ind Props, Green Thumb Industries, Verano Holdings, Trulieve Cannabis Corp., Cresco Labs Inc., Delta 9 Cannabis Inc., BZAM Ltd., Sundial Growers Inc., Decibel Cannabis Company, Auxly Cannabis Group, Red White & Bloom Brands, Jazz Pharmaceuticals PLC, Organigram Inc., MedReleaf Corp., Terrascend Corp.

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

Cannabis Extract Market Regional Insights:
North America was the largest region in the cannabis extract market in 2024. The regions covered in the cannabis extract 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