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By 2030, the worldwide cannabis industry is forecast to be worth more than $US198.88 billion, representing a CAGR of 23.2% between 2022 and 2030. Increases in research and development and technological innovation, as well as the growing number of people who accept cannabis for medical purposes, are all expected to drive growth in the global cannabis business over the next few years.
Cannabis is a genus of flowering plants that has been used for centuries, with its intake justified by established scientific consensus about the plant's therapeutic and medical benefits. Its spiritual and social value is also widely acknowledged. Cannabis sativa, Cannabis indica, and Cannabis ruderalis are the three most common types. Hybrids that blend traits from many of these original species make up the vast majority of today's commercially cultivated cultivars. Furthermore, there is growing support for legalising marijuana in several countries. This momentum is being driven by the growing acceptance that the product may have several legitimate medicinal benefits and therapeutic applications. It is the most widely produced, traded, and used illicit substance, as reported by the UN Office on Drugs and Crime (UNODC). The rising number of enterprises entering local marketplaces to address the rising demand for cannabis is one element driving the industry expansion.
The worldwide cannabis market is broken down in this report into its component parts, with each submarket receiving its own prediction for future revenue growth and analysis of current market trends. The paper examines the opportunities, threats, and growth factors that are shaping the cannabis industry. The competitive landscape has been drawn taking into account the most up-to-date market changes and tactics, including growth, product launch and development, collaboration, merger, and acquisition. Each subsegment of the cannabis market is broken down, and the report's primary focus is on strategically identifying and profiling the top market participants and analysing their fundamental capabilities.
Influential Elements
Technology is being reorganised to facilitate the effective creation of cannabis-based products as production and usage of cannabis increase quickly in many nations throughout the world. Technology's role in cannabis production is expanding as more nations look to legalise the drug for medical use. Traditional cannabis cultivators have placed a premium on minimising plant processing. However, as a result of recent developments in technology, cultivators are zeroing in on making consumables such as capsules, vape oils, and gummies. Additionally, advances in artificial intelligence and genetic engineering are having a positive effect on the cannabis market. The use of AI is making a significant impact in the cannabis market. The application of AI by growers allows them to better adapt to shifting conditions and even alter product varieties. They can also change the genetic makeup of the plants to create the most popular strains, and they can adjust to the required CBD content. Deliveries of crops can be made more quickly and efficiently with the help of AI. A lot of new businesses are looking at this to see if they can boost their nationwide distribution.
Limiting Circumstances
Capsules, oils, edibles of all kinds, and vaporizers are just some of the many forms that cannabis comes in. Due to the delayed onset of its effects, edibles pose a larger threat of accidental overdose. Dabbing has been linked to major health problems, especially when used excessively. As a result of these concerns, many nations have yet to legalise cannabis, slowing the growth of the industry as a whole.
Flowers, concentrates, edibles, topicals, and tinctures are the five main segments of the international cannabis industry. The segment of the global cannabis market comprised of flowers is anticipated to expand at the fastest compound annual growth rate during the forecast period. Smoking cannabis flowers is becoming more and more common, which is likely contributing to the industry's expansion. Flowers, also known as buds or marijuana buds, are the most common and classic form of cannabis. The dried, cured blossoms of the cannabis plant are its main ingredient. The flower is the part of the plant that is used for smoking, vaping, or making other cannabis-infused products. Consumers can choose from a wide range of strains, strengths, and aromas.
The international cannabis industry can be broken down into three distinct segments: THC-dominant, CBD-dominant, and THC/CBD hybrids. The market for cannabis worldwide is likely to expand at a rapid clip over the forecast period, with the THC-dominant subsegment leading the way. One possible explanation for this expansion is the widespread acceptance of cannabis's psychotropic properties throughout history. In general, the THC content of goods that are more prevalent in the market is higher than that of CBD-dominant products. Users looking for the euphoric benefits of cannabis love these items. Products with a high concentration of THC include dried flowers, hash oil, edibles, and vaporizer cartridges. Many people use them to unwind, improve their mood, and spark their imagination. The worldwide cannabis market can be broken down into two distinct sectors: medicinal and recreational use. For the duration of the forecast, the medicinal application of cannabis is anticipated to account for the greatest proportion of the global cannabis market. The legalisation of medicinal marijuana in many countries and the widespread acceptance of cannabis for its possible therapeutic value are two factors contributing to the expansion. The medicinal uses of cannabis and its byproducts are at the heart of the medical cannabis industry. Products derived from cannabis are used to treat and alleviate symptoms of a wide range of medical illnesses.
Report Coverage
Global Cannabis research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cannabis report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cannabis competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cannabis market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cannabis market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cannabis market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), VIVO Cannabis Inc. (Canada), Tilary Inc. (US), Unrivaled Brand Inc. (US), HEXO Corp. (Canada), Medical Marijuana Inc. (US), The Cronos Group (Canada), Medmen Enterprise Inc. (US), Cresco Labs (US), Curaleaf Holdings Inc. (US), Organigram Holdings Inc. (Canada), Stenocare (Denmark), Trulieve (US), and Indiva (Canada).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Cannabis market based on the below-mentioned segments:
Global Cannabis Market, By Product Type
Flowers,
Concentrates,
Edibles,
Topicals & Tinctures
Global Cannabis market, By Application
Medical
Recreational
Global Cannabis Market, By Compound
THC-Dominant
CBD-Dominant
Balanced THC & CBD
Global Cannabis market, Regional Analysis
Cannabis is a genus of flowering plants that has been used for centuries, with its intake justified by established scientific consensus about the plant's therapeutic and medical benefits. Its spiritual and social value is also widely acknowledged. Cannabis sativa, Cannabis indica, and Cannabis ruderalis are the three most common types. Hybrids that blend traits from many of these original species make up the vast majority of today's commercially cultivated cultivars. Furthermore, there is growing support for legalising marijuana in several countries. This momentum is being driven by the growing acceptance that the product may have several legitimate medicinal benefits and therapeutic applications. It is the most widely produced, traded, and used illicit substance, as reported by the UN Office on Drugs and Crime (UNODC). The rising number of enterprises entering local marketplaces to address the rising demand for cannabis is one element driving the industry expansion.
The worldwide cannabis market is broken down in this report into its component parts, with each submarket receiving its own prediction for future revenue growth and analysis of current market trends. The paper examines the opportunities, threats, and growth factors that are shaping the cannabis industry. The competitive landscape has been drawn taking into account the most up-to-date market changes and tactics, including growth, product launch and development, collaboration, merger, and acquisition. Each subsegment of the cannabis market is broken down, and the report's primary focus is on strategically identifying and profiling the top market participants and analysing their fundamental capabilities.
Influential Elements
Technology is being reorganised to facilitate the effective creation of cannabis-based products as production and usage of cannabis increase quickly in many nations throughout the world. Technology's role in cannabis production is expanding as more nations look to legalise the drug for medical use. Traditional cannabis cultivators have placed a premium on minimising plant processing. However, as a result of recent developments in technology, cultivators are zeroing in on making consumables such as capsules, vape oils, and gummies. Additionally, advances in artificial intelligence and genetic engineering are having a positive effect on the cannabis market. The use of AI is making a significant impact in the cannabis market. The application of AI by growers allows them to better adapt to shifting conditions and even alter product varieties. They can also change the genetic makeup of the plants to create the most popular strains, and they can adjust to the required CBD content. Deliveries of crops can be made more quickly and efficiently with the help of AI. A lot of new businesses are looking at this to see if they can boost their nationwide distribution.
Limiting Circumstances
Capsules, oils, edibles of all kinds, and vaporizers are just some of the many forms that cannabis comes in. Due to the delayed onset of its effects, edibles pose a larger threat of accidental overdose. Dabbing has been linked to major health problems, especially when used excessively. As a result of these concerns, many nations have yet to legalise cannabis, slowing the growth of the industry as a whole.
Flowers, concentrates, edibles, topicals, and tinctures are the five main segments of the international cannabis industry. The segment of the global cannabis market comprised of flowers is anticipated to expand at the fastest compound annual growth rate during the forecast period. Smoking cannabis flowers is becoming more and more common, which is likely contributing to the industry's expansion. Flowers, also known as buds or marijuana buds, are the most common and classic form of cannabis. The dried, cured blossoms of the cannabis plant are its main ingredient. The flower is the part of the plant that is used for smoking, vaping, or making other cannabis-infused products. Consumers can choose from a wide range of strains, strengths, and aromas.
The international cannabis industry can be broken down into three distinct segments: THC-dominant, CBD-dominant, and THC/CBD hybrids. The market for cannabis worldwide is likely to expand at a rapid clip over the forecast period, with the THC-dominant subsegment leading the way. One possible explanation for this expansion is the widespread acceptance of cannabis's psychotropic properties throughout history. In general, the THC content of goods that are more prevalent in the market is higher than that of CBD-dominant products. Users looking for the euphoric benefits of cannabis love these items. Products with a high concentration of THC include dried flowers, hash oil, edibles, and vaporizer cartridges. Many people use them to unwind, improve their mood, and spark their imagination. The worldwide cannabis market can be broken down into two distinct sectors: medicinal and recreational use. For the duration of the forecast, the medicinal application of cannabis is anticipated to account for the greatest proportion of the global cannabis market. The legalisation of medicinal marijuana in many countries and the widespread acceptance of cannabis for its possible therapeutic value are two factors contributing to the expansion. The medicinal uses of cannabis and its byproducts are at the heart of the medical cannabis industry. Products derived from cannabis are used to treat and alleviate symptoms of a wide range of medical illnesses.
Report Coverage
Global Cannabis research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cannabis report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cannabis competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cannabis market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), VIVO Cannabis Inc. (Canada), Tilary Inc. (US), Unrivaled Brand Inc. (US), HEXO Corp. (Canada), Medical Marijuana Inc. (US), The Cronos Group (Canada), Medmen Enterprise Inc. (US), Cresco Labs (US), Curaleaf Holdings Inc. (US), Organigram Holdings Inc. (Canada), Stenocare (Denmark), Trulieve (US), and Indiva (Canada). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Cannabis Market from 2021 to 2030.
- Market Forecast for Cannabis Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Cannabis competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Cannabis
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cannabis market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cannabis market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), VIVO Cannabis Inc. (Canada), Tilary Inc. (US), Unrivaled Brand Inc. (US), HEXO Corp. (Canada), Medical Marijuana Inc. (US), The Cronos Group (Canada), Medmen Enterprise Inc. (US), Cresco Labs (US), Curaleaf Holdings Inc. (US), Organigram Holdings Inc. (Canada), Stenocare (Denmark), Trulieve (US), and Indiva (Canada).
Primary Target Market
- Market Players of Cannabis
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Cannabis market based on the below-mentioned segments:
Global Cannabis Market, By Product Type
Flowers,
Concentrates,
Edibles,
Topicals & Tinctures
Global Cannabis market, By Application
Medical
Recreational
Global Cannabis Market, By Compound
THC-Dominant
CBD-Dominant
Balanced THC & CBD
Global Cannabis market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the cannabis market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.