Product Code: ETC13208612 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Cannabis Extract Market was valued at USD 11.2 Billion in 2024 and is expected to reach USD 22.1 Billion by 2031, growing at a compound annual growth rate of 7.00% during the forecast period (2025-2031).
The Global Cannabis Extract Market is experiencing significant growth driven by increasing legalization of cannabis for medical and recreational use worldwide. The market encompasses a wide range of products such as oils, tinctures, concentrates, and isolates derived from cannabis plants, offering various therapeutic benefits including pain management, anxiety relief, and improved sleep quality. Factors contributing to market expansion include growing awareness about the medicinal properties of cannabis extracts, shifting consumer preferences towards natural remedies, and the development of innovative extraction techniques to enhance product purity and potency. North America dominates the market due to extensive cannabis legalization in countries like the U.S. and Canada, while Europe and Asia-Pacific regions are also witnessing rapid growth as regulations around cannabis use continue to evolve. Overall, the Global Cannabis Extract Market is poised for continued growth opportunities in the coming years.
The Global Cannabis Extract Market is experiencing rapid growth driven by increasing legalization of cannabis for medical and recreational purposes. Key trends include the rising popularity of CBD products for their perceived health benefits, innovation in extraction techniques to improve product quality, and expanding product offerings such as oils, tinctures, and concentrates. Opportunities in the market include the development of new cannabis-infused products, expanding into emerging markets with changing regulations, and strategic partnerships to enhance distribution networks. The market is also witnessing a shift towards premium and organic products, catering to the growing consumer demand for high-quality and sustainable cannabis extracts. Overall, the Global Cannabis Extract Market presents promising opportunities for growth and innovation in the coming years.
The Global Cannabis Extract Market faces challenges related to regulatory complexities and inconsistencies across different regions, which can hinder the growth and standardization of products. Additionally, the lack of comprehensive research and data on the efficacy and safety of cannabis extracts poses a challenge in building consumer trust and acceptance. Quality control and standardization issues in the production process also contribute to market challenges, as ensuring consistent potency and purity levels can be difficult. Moreover, the stigma associated with cannabis consumption in some parts of the world remains a barrier to widespread adoption and market expansion. Overall, navigating these regulatory, research, quality control, and societal challenges is crucial for the sustainable growth of the Global Cannabis Extract Market.
The Global Cannabis Extract Market is primarily driven by the increasing legalization of cannabis for medical and recreational purposes across various countries. Growing awareness about the potential health benefits of cannabis extracts, such as pain management, anxiety relief, and treatment of chronic conditions, is fueling market growth. Additionally, the expanding use of cannabis extracts in pharmaceuticals, wellness products, and the food and beverage industry is contributing to market expansion. Technological advancements in extraction methods, leading to higher-quality products and increased efficiency, are also driving market demand. Furthermore, the shifting consumer preferences towards natural and organic products are boosting the adoption of cannabis extracts in various industries, propelling the market forward.
Government policies related to the Global Cannabis Extract Market vary significantly by country. Some countries have legalized cannabis for medical and/or recreational use, allowing for the legal production and sale of cannabis extracts. Other countries have strict regulations in place, either prohibiting cannabis entirely or allowing only limited medical use with stringent licensing requirements. In general, the trend is shifting towards greater acceptance and legalization of cannabis and cannabis extracts, with many governments recognizing the potential economic benefits and medical applications. However, regulations remain complex and can vary widely, impacting the market dynamics of the global cannabis extract industry. It is important for companies operating in this market to stay informed about the evolving regulatory landscape to ensure compliance and seize opportunities for growth.
The Global Cannabis Extract Market is poised for significant growth in the coming years, driven by increasing legalization of cannabis for medical and recreational purposes in various countries. The expanding awareness about the therapeutic benefits of cannabis extracts, such as CBD and THC, is fueling demand across diverse industries including pharmaceuticals, wellness, and cosmetics. Additionally, advancements in extraction technologies and research into new potential applications of cannabis compounds are expected to further propel market expansion. With shifting regulatory landscapes and growing consumer acceptance, the global cannabis extract market is projected to experience robust growth opportunities, offering promising prospects for companies operating in this sector to capitalize on the evolving market dynamics and meet the rising demand for cannabis-derived products.
In the global cannabis extract market, North America is currently the largest region, driven by the legalization of cannabis in several U.S. states and Canada. The region is witnessing a surge in demand for cannabis extracts due to their therapeutic benefits and increasing acceptance for both medical and recreational use. Europe is emerging as a significant market for cannabis extracts, with countries like Germany and the Netherlands leading the way in terms of legalizing medical cannabis. In Asia, the market for cannabis extracts is largely untapped due to strict regulations and cultural stigma, although countries like Thailand and South Korea are starting to explore the potential benefits of medical cannabis. The Middle East and Africa region is also showing potential for growth as several countries are considering legalizing medical cannabis. Latin America, particularly countries like Uruguay and Colombia, have been early adopters of cannabis legalization, driving the market growth in the region.
Global Cannabis Extract 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 Cannabis Extract Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Cannabis Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Global Cannabis Extract Market - Industry Life Cycle |
3.4 Global Cannabis Extract Market - Porter's Five Forces |
3.5 Global Cannabis Extract Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Cannabis Extract Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Global Cannabis Extract Market Revenues & Volume Share, By Extract Type, 2021 & 2031F |
3.8 Global Cannabis Extract Market Revenues & Volume Share, By Sources, 2021 & 2031F |
3.9 Global Cannabis Extract Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Global Cannabis Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Cannabis Extract Market Trends |
6 Global Cannabis Extract Market, 2021 - 2031 |
6.1 Global Cannabis Extract Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Cannabis Extract Market, Revenues & Volume, By Oils, 2021 - 2031 |
6.1.3 Global Cannabis Extract Market, Revenues & Volume, By Tinctures, 2021 - 2031 |
6.2 Global Cannabis Extract Market, Revenues & Volume, By Extract Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Cannabis Extract Market, Revenues & Volume, By Full Spectrum Extracts, 2021 - 2031 |
6.2.3 Global Cannabis Extract Market, Revenues & Volume, By Cannabis Isolates, 2021 - 2031 |
6.3 Global Cannabis Extract Market, Revenues & Volume, By Sources, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Cannabis Extract Market, Revenues & Volume, By Hemp, 2021 - 2031 |
6.3.3 Global Cannabis Extract Market, Revenues & Volume, By Marijuana, 2021 - 2031 |
6.4 Global Cannabis Extract Market, Revenues & Volume, By End-use, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Cannabis Extract Market, Revenues & Volume, By Medical Use, 2021 - 2031 |
6.4.3 Global Cannabis Extract Market, Revenues & Volume, By Recreational Use, 2021 - 2031 |
7 North America Cannabis Extract Market, Overview & Analysis |
7.1 North America Cannabis Extract Market Revenues & Volume, 2021 - 2031 |
7.2 North America Cannabis Extract Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Cannabis Extract Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 North America Cannabis Extract Market, Revenues & Volume, By Extract Type, 2021 - 2031 |
7.5 North America Cannabis Extract Market, Revenues & Volume, By Sources, 2021 - 2031 |
7.6 North America Cannabis Extract Market, Revenues & Volume, By End-use, 2021 - 2031 |
8 Latin America (LATAM) Cannabis Extract Market, Overview & Analysis |
8.1 Latin America (LATAM) Cannabis Extract Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Cannabis Extract Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Cannabis Extract Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Latin America (LATAM) Cannabis Extract Market, Revenues & Volume, By Extract Type, 2021 - 2031 |
8.5 Latin America (LATAM) Cannabis Extract Market, Revenues & Volume, By Sources, 2021 - 2031 |
8.6 Latin America (LATAM) Cannabis Extract Market, Revenues & Volume, By End-use, 2021 - 2031 |
9 Asia Cannabis Extract Market, Overview & Analysis |
9.1 Asia Cannabis Extract Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Cannabis Extract Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Cannabis Extract Market, Revenues & Volume, By Product, 2021 - 2031 |
9.4 Asia Cannabis Extract Market, Revenues & Volume, By Extract Type, 2021 - 2031 |
9.5 Asia Cannabis Extract Market, Revenues & Volume, By Sources, 2021 - 2031 |
9.6 Asia Cannabis Extract Market, Revenues & Volume, By End-use, 2021 - 2031 |
10 Africa Cannabis Extract Market, Overview & Analysis |
10.1 Africa Cannabis Extract Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Cannabis Extract Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Cannabis Extract Market, Revenues & Volume, By Product, 2021 - 2031 |
10.4 Africa Cannabis Extract Market, Revenues & Volume, By Extract Type, 2021 - 2031 |
10.5 Africa Cannabis Extract Market, Revenues & Volume, By Sources, 2021 - 2031 |
10.6 Africa Cannabis Extract Market, Revenues & Volume, By End-use, 2021 - 2031 |
11 Europe Cannabis Extract Market, Overview & Analysis |
11.1 Europe Cannabis Extract Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Cannabis Extract Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Cannabis Extract Market, Revenues & Volume, By Product, 2021 - 2031 |
11.4 Europe Cannabis Extract Market, Revenues & Volume, By Extract Type, 2021 - 2031 |
11.5 Europe Cannabis Extract Market, Revenues & Volume, By Sources, 2021 - 2031 |
11.6 Europe Cannabis Extract Market, Revenues & Volume, By End-use, 2021 - 2031 |
12 Middle East Cannabis Extract Market, Overview & Analysis |
12.1 Middle East Cannabis Extract Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Cannabis Extract Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Cannabis Extract Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Cannabis Extract Market, Revenues & Volume, By Product, 2021 - 2031 |
12.4 Middle East Cannabis Extract Market, Revenues & Volume, By Extract Type, 2021 - 2031 |
12.5 Middle East Cannabis Extract Market, Revenues & Volume, By Sources, 2021 - 2031 |
12.6 Middle East Cannabis Extract Market, Revenues & Volume, By End-use, 2021 - 2031 |
13 Global Cannabis Extract Market Key Performance Indicators |
14 Global Cannabis Extract Market - Export/Import By Countries Assessment |
15 Global Cannabis Extract Market - Opportunity Assessment |
15.1 Global Cannabis Extract Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Cannabis Extract Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Global Cannabis Extract Market Opportunity Assessment, By Extract Type, 2021 & 2031F |
15.4 Global Cannabis Extract Market Opportunity Assessment, By Sources, 2021 & 2031F |
15.5 Global Cannabis Extract Market Opportunity Assessment, By End-use, 2021 & 2031F |
16 Global Cannabis Extract Market - Competitive Landscape |
16.1 Global Cannabis Extract Market Revenue Share, By Companies, 2024 |
16.2 Global Cannabis Extract Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |