Product Code: ETC13296082 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Cannabinoids Market was valued at USD 14.6 Billion in 2024 and is expected to reach USD 32.3 Billion by 2031, growing at a compound annual growth rate of 11.91% during the forecast period (2025-2031).
The global cannabinoids market is experiencing significant growth driven by increasing legalization of cannabis for medical and recreational purposes worldwide. Cannabinoids, such as cannabidiol (CBD) and tetrahydrocannabinol (THC), are being increasingly used in various industries including pharmaceuticals, food and beverages, cosmetics, and others due to their therapeutic properties. The market is witnessing a surge in product innovation and research activities focusing on the potential health benefits of cannabinoids in treating conditions such as chronic pain, anxiety, and epilepsy. North America dominates the market, but regions like Europe and Asia-Pacific are also showing promising growth opportunities. However, regulatory challenges, quality control issues, and lack of standardized dosage guidelines remain key challenges for market players in this rapidly evolving industry.
The Global Cannabinoids Market is experiencing significant growth driven by the increasing legalization of cannabis for medical and recreational purposes in various countries. The market is witnessing a surge in demand for cannabidiol (CBD) products due to their potential health benefits and therapeutic properties, particularly in the wellness and pharmaceutical industries. Additionally, the growing acceptance of CBD-infused products in sectors such as skincare, food and beverages, and pet care is expanding the market opportunities. The rise of online retail channels and the adoption of advanced extraction technologies are further fueling market growth. However, regulatory uncertainties and quality control challenges remain key concerns for industry players. Overall, the Global Cannabinoids Market presents promising prospects for companies to capitalize on the expanding consumer base seeking cannabinoid-based products.
The Global Cannabinoids Market faces various challenges including regulatory uncertainty, legal complexities, and lack of standardization in product quality and testing. The evolving legal landscape surrounding cannabis and cannabinoids creates uncertainty for businesses, leading to difficulties in market entry and expansion. Additionally, differing regulations across countries and regions can hinder the growth of the market and create barriers to trade. Ensuring consistent quality and testing standards for cannabinoid products is another challenge, as the industry lacks uniform guidelines for production and testing practices. These factors contribute to a fragmented market with varying levels of product quality and safety, impacting consumer trust and overall market growth.
The global cannabinoids market is primarily driven by the increasing acceptance of medical marijuana and legalization of cannabis for both medical and recreational purposes in various countries. Growing awareness about the potential therapeutic benefits of cannabinoids in treating conditions such as chronic pain, cancer, epilepsy, and multiple sclerosis is also fueling market growth. Additionally, the expanding use of cannabinoids in pharmaceuticals, wellness products, and the food and beverage industry is boosting market demand. Technological advancements in extraction techniques and increased research and development activities are further driving market growth by creating more efficient and diverse cannabinoid products. The evolving regulatory landscape and shifting consumer preferences towards natural remedies are expected to continue propelling the global cannabinoids market in the foreseeable future.
Government policies regarding the Global Cannabinoids Market vary significantly across regions. In countries like Canada and certain states in the U.S., cannabis has been legalized for both medical and recreational use, leading to a booming market for cannabinoids derived from cannabis plants. However, in other regions, such as parts of Europe and Asia, regulations are more restrictive, limiting the production and sale of cannabinoids. The regulatory landscape is evolving rapidly, with some countries moving towards legalization while others maintain strict controls. Governments are implementing measures to ensure product safety, quality control, and proper labeling in the cannabinoid market, reflecting a balance between public health concerns and economic opportunities presented by the growing industry.
The Global Cannabinoids Market is expected to experience substantial growth in the coming years, driven by increasing legalization of cannabis and growing acceptance of its medicinal and therapeutic properties. Factors such as expanding applications of cannabinoids in various industries like pharmaceuticals, food and beverages, and cosmetics, as well as the rising demand for alternative treatment options for chronic diseases, are propelling market expansion. Technological advancements in extraction methods and product innovation are further fueling market growth. Additionally, the growing trend towards wellness and self-care products is boosting the demand for cannabinoid-infused products. However, regulatory challenges and varying legal frameworks across different regions may pose challenges to market growth. Overall, the Global Cannabinoids Market is poised for significant expansion in the foreseeable future.
The global cannabinoids market is experiencing significant growth across regions, with Asia anticipated to witness the highest growth rate due to increasing legalization of cannabis for medical and recreational purposes in countries like Thailand and South Korea. North America is currently the largest market for cannabinoids, driven by the widespread adoption of medical cannabis in the U.S. and Canada. In Europe, the market is growing steadily as more countries legalize medical cannabis and CBD products. The Middle East and Africa region is also showing potential for market growth, primarily driven by increasing awareness of the therapeutic benefits of cannabinoids. In Latin America, countries like Colombia and Uruguay are emerging as key players in the market due to favorable regulations for cannabis cultivation and production.
Global Cannabinoids Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Cannabinoids Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Cannabinoids Market Revenues & Volume, 2021 & 2031F |
3.3 Global Cannabinoids Market - Industry Life Cycle |
3.4 Global Cannabinoids Market - Porter's Five Forces |
3.5 Global Cannabinoids Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Cannabinoids Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global Cannabinoids Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Cannabinoids Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Global Cannabinoids Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.10 Global Cannabinoids Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Global Cannabinoids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Cannabinoids Market Trends |
6 Global Cannabinoids Market, 2021 - 2031 |
6.1 Global Cannabinoids Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Cannabinoids Market, Revenues & Volume, By CBD, 2021 - 2031 |
6.1.3 Global Cannabinoids Market, Revenues & Volume, By THC, 2021 - 2031 |
6.1.4 Global Cannabinoids Market, Revenues & Volume, By CBG, 2021 - 2031 |
6.2 Global Cannabinoids Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Cannabinoids Market, Revenues & Volume, By Pain Management, 2021 - 2031 |
6.2.3 Global Cannabinoids Market, Revenues & Volume, By Appetite Stimulation, 2021 - 2031 |
6.2.4 Global Cannabinoids Market, Revenues & Volume, By Skin Health, 2021 - 2031 |
6.3 Global Cannabinoids Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Cannabinoids Market, Revenues & Volume, By Consumers, 2021 - 2031 |
6.3.3 Global Cannabinoids Market, Revenues & Volume, By Patients, 2021 - 2031 |
6.3.4 Global Cannabinoids Market, Revenues & Volume, By E-commerce, 2021 - 2031 |
6.4 Global Cannabinoids Market, Revenues & Volume, By Source, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Cannabinoids Market, Revenues & Volume, By Cannabis, 2021 - 2031 |
6.4.3 Global Cannabinoids Market, Revenues & Volume, By Hemp, 2021 - 2031 |
6.4.4 Global Cannabinoids Market, Revenues & Volume, By Plant-Based, 2021 - 2031 |
6.5 Global Cannabinoids Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Cannabinoids Market, Revenues & Volume, By Nanoemulsion, 2021 - 2031 |
6.5.3 Global Cannabinoids Market, Revenues & Volume, By Microencapsulation, 2021 - 2031 |
6.5.4 Global Cannabinoids Market, Revenues & Volume, By Advanced Extraction, 2021 - 2031 |
7 North America Cannabinoids Market, Overview & Analysis |
7.1 North America Cannabinoids Market Revenues & Volume, 2021 - 2031 |
7.2 North America Cannabinoids Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Cannabinoids Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America Cannabinoids Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Cannabinoids Market, Revenues & Volume, By End User, 2021 - 2031 |
7.6 North America Cannabinoids Market, Revenues & Volume, By Source, 2021 - 2031 |
7.7 North America Cannabinoids Market, Revenues & Volume, By Technology, 2021 - 2031 |
8 Latin America (LATAM) Cannabinoids Market, Overview & Analysis |
8.1 Latin America (LATAM) Cannabinoids Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Cannabinoids Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Cannabinoids Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) Cannabinoids Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Cannabinoids Market, Revenues & Volume, By End User, 2021 - 2031 |
8.6 Latin America (LATAM) Cannabinoids Market, Revenues & Volume, By Source, 2021 - 2031 |
8.7 Latin America (LATAM) Cannabinoids Market, Revenues & Volume, By Technology, 2021 - 2031 |
9 Asia Cannabinoids Market, Overview & Analysis |
9.1 Asia Cannabinoids Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Cannabinoids Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Cannabinoids Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia Cannabinoids Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Cannabinoids Market, Revenues & Volume, By End User, 2021 - 2031 |
9.6 Asia Cannabinoids Market, Revenues & Volume, By Source, 2021 - 2031 |
9.7 Asia Cannabinoids Market, Revenues & Volume, By Technology, 2021 - 2031 |
10 Africa Cannabinoids Market, Overview & Analysis |
10.1 Africa Cannabinoids Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Cannabinoids Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Cannabinoids Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa Cannabinoids Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Cannabinoids Market, Revenues & Volume, By End User, 2021 - 2031 |
10.6 Africa Cannabinoids Market, Revenues & Volume, By Source, 2021 - 2031 |
10.7 Africa Cannabinoids Market, Revenues & Volume, By Technology, 2021 - 2031 |
11 Europe Cannabinoids Market, Overview & Analysis |
11.1 Europe Cannabinoids Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Cannabinoids Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Cannabinoids Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe Cannabinoids Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Cannabinoids Market, Revenues & Volume, By End User, 2021 - 2031 |
11.6 Europe Cannabinoids Market, Revenues & Volume, By Source, 2021 - 2031 |
11.7 Europe Cannabinoids Market, Revenues & Volume, By Technology, 2021 - 2031 |
12 Middle East Cannabinoids Market, Overview & Analysis |
12.1 Middle East Cannabinoids Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Cannabinoids Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Cannabinoids Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Cannabinoids Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East Cannabinoids Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Cannabinoids Market, Revenues & Volume, By End User, 2021 - 2031 |
12.6 Middle East Cannabinoids Market, Revenues & Volume, By Source, 2021 - 2031 |
12.7 Middle East Cannabinoids Market, Revenues & Volume, By Technology, 2021 - 2031 |
13 Global Cannabinoids Market Key Performance Indicators |
14 Global Cannabinoids Market - Export/Import By Countries Assessment |
15 Global Cannabinoids Market - Opportunity Assessment |
15.1 Global Cannabinoids Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Cannabinoids Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global Cannabinoids Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Cannabinoids Market Opportunity Assessment, By End User, 2021 & 2031F |
15.5 Global Cannabinoids Market Opportunity Assessment, By Source, 2021 & 2031F |
15.6 Global Cannabinoids Market Opportunity Assessment, By Technology, 2021 & 2031F |
16 Global Cannabinoids Market - Competitive Landscape |
16.1 Global Cannabinoids Market Revenue Share, By Companies, 2024 |
16.2 Global Cannabinoids Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |