Cannabis Market

Cannabis Market

Category : Healthcare & Life Sciences Reports | Delivery Format : PDF,PPT | Publisher: Reports and Insights | Pages : 321

Cannabis Market

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Cannabis Market Overview

The report is titled as 'Cannabis Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the cannabis market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The cannabis market is expected to grow at a significant rate in the near future.

The cannabis market is estimated to reach at a value of US$ 28.1 Bn by the end of 2022 and expected to reach at a value of US$ 197.5 Bn by 2030 with a significant CAGR of 27.6%.

Cannabis Introduction

Cannabis sativa L. (Cannabaceae) is one of the earliest medicinal plants utilized by humans. Basically, Cannabis is the preferable identification name of the plant Cannabis indica, Cannabis sativa, and of minor significance, Cannabis ruderalis. For thousands of years, the plant has served its utility for mankind for oil and fiber production, and simply as a supplement for different food items.

Cannabis is the world's most ordinarily cultivated, smuggled, and used as unauthorized and illegal drug, and in addition to that, as the encouragement for legalization of cultivation of cannabis at home and abroad is surging, cannabis or marijuana is gaining significant attention from manufacturers, investors, and researchers across the world.

Moreover, cannabis is considered to contain a variety of medicinally essential compounds such as, terpenoids, cannabinoids, alkaloids, flavonoids, and others, which further escalates its applications in medicinal uses in the healthcare sector. Cannabis, which was once considered an unauthorized and illegal substance is believed a restricted and governed drug within several government guidelines in present times. Although the infamy is being cast off at a rapid pace, and it appears cannabis or marijuana is swiftly on its way to be accepted as mainstream.

Cannabis Market Dynamics

The fact that the world has witnessed significant steps taken and great progress made in the legalization of cannabis that resulted in the emergence and growth of a new industry. Also, being it one of the most commonly cultivated and used unlawful and prohibited drugs, the world is now getting acquainted with its various beneficial attributes, which has favorably compelled regulatory bodies to legalize the cultivation and use of cannabis across the world. Owing to which, the global cannabis market is projected to grow briskly in the near future.

With the same token, cannabis or marijuana is gaining enormous momentum in the global markets, in the present times, owing to its therapeutic applications as well as medicinal benefits, which in turn is further expected to positively fuel the growth of the global cannabis market in the forthcoming years.

Cannabis is said to be helpful in losing body weight, improving lung capacity, preventing and regulating diabetes as well as seizures, treating glaucoma, fighting diseases like anxiety and depression, and more importantly it has the potential to fight cancer. Attributing all such beneficial factors, cannabis is anticipated to gain massive traction in the years to come, therefore the global cannabis market is projected to observe major breakthrough over the forecast period.

However, the rigid and monitoring regulatory structure for the use of cannabis/marijuana across the world is still a restraining factor for the future growth of the global cannabis market. By the same token, along with the stringent regulations, free public trade and consumption is also not allowed and legal, across various parts of the world, which is also likely to hold back the growth of the global cannabis market to the bounds over the coming years.

Nevertheless, the rapid advancements in the cannabis industry has led many major players of the market to focus on R&D and novel product development, which is further expected to accelerate the growth of the global cannabis market in the upcoming future

Cannabis Market Segmentation

The global cannabis market is segmented on the basis of type, application, compound and regions. On the basis of type, the cannabis market is segmented into Flower, Concentrates, and Others (capsules, topicals, edibles, and beverages). On the basis of application, the market is categorized into Medical and Recreational. Furthermore, the cannabis market is segmented on the basis of compound into THC-dominant, CBD-dominant, and Balanced THC & CBD.

The research report classifies the global cannabis market based on type, application, compound and regions.

By Type

Flower

Concentrates

Others (capsules, topicals, edibles, and beverages)

By Application

Medical

Recreational

By Compound

THC-dominant

CBD-dominant

Balanced THC & CBD

By Region

North America

Latin America

Africa

Europe

Asia Pacific

Middle East

Cannabis Market Key Players

The key participating players in global cannabis market are Canopy Growth Corporation, Aurora Cannabis Inc., MedMen, Terra Tech Corp., Aphria Inc., VIVO Cannabis Inc., The Cronos Group, Medical Marijuana Inc., STENOCARE, Tikun Olam, Organigram Holdings Inc., Cresco Labs, Indiva, Curaleaf Holding Inc., HEXO Corp., Ecofibre Limited, Harvest Health & Recreation, Green Thumb Industries, Maricann Group Inc., and TerrAscend.

Reports & Insights Overview on Cannabis Market Report

The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the cannabis market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of cannabis

Advantage of cannabis

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.


Summarized Info Details
Base Year: 2020 Forecast Period: 2021-2028
Key Geographies:
  • North America, Latin America, Europe, Asia Pacific, Middle East, & Africa
Market Segmentation:
  • The global cannabis market is segmented on the basis of type, application, compound and regions
Key Players:

The key participating players in global cannabis market are Canopy Growth Corporation, Aurora Cannabis Inc., MedMen, Terra Tech Corp., Aphria Inc., VIVO Cannabis Inc., The Cronos Group, Medical Marijuana Inc., STENOCARE, Tikun Olam, Organigram Holdings Inc., Cresco Labs, Indiva, Curaleaf Holding Inc., HEXO Corp., Ecofibre Limited, Harvest Health & Recreation, Green Thumb Industries, Maricann Group Inc., and TerrAscend.

Key Dynamics:
  • Great progress made in the legalization of cannabis that resulted in the emergence and growth of a new industry and its therapeutic applications as well as medicinal benefits are the key factors driving the growth of market
Market Size: USD 127.3 Bn by 2028 CAGR: 27.6%

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1.    Global Cannabis Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Cannabis Market Overview

2.1.    Introduction

2.1.1.    Introduction

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Cannabis Market Snapshot

2.4.    Global Cannabis Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Cannabis Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    Cannabis Assessment and Analysis

3.1.    Cannabis Impact Analysis 

3.2.    Actions to encourage use of Cannabis

3.3.    Cannabis Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on Cannabis Market

4.1.    Impact Analysis of Covid-19 on the global Cannabis market

4.2.    Effect On Value Chain

4.3.    Business Impact W.R.T Revenue 

4.4.    Fluctuation in Production

4.5.    Volatility In Price 

4.6.    Effect On The Overall Trade 

4.7.    Market Impact Analysis In 2020 (Quarter Wise)

5.    Global Cannabis Market, By Type

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Type

5.1.2.    BPS Analysis, By Type

5.2.    Market Revenue (US$Mn) and Forecast, By Type

5.2.1.    Flower

5.2.2.    Concentrates

5.2.3.    Others (capsules, topicals, edibles, and beverages)

5.3.    Global Cannabis Market Attractiveness Index, By Type

6.    Global Cannabis Market, By Application

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Application

6.1.2.    BPS Analysis, By Application

6.2.    Market Revenue (US$Mn) and Forecast, By Application

6.2.1.    Medical

6.2.2.    Recreational

6.3.    Global Cannabis Market Attractiveness Index, By Application

7.    Global Cannabis Market, By Compound

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Compound

7.1.2.    BPS Analysis, By Compound

7.2.    Market Revenue (US$Mn) and Forecast, By Compound

7.2.1.    THC-dominant

7.2.2.    CBD-dominant

7.2.3.    Balanced THC and CBD

7.3.    Global Cannabis Market Attractiveness Index, By Compound

8.    Global Cannabis Market, By Region

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Region

8.1.2.    BPS Analysis, By Region

8.2.    Market Revenue (US$Mn) and Forecast, By Region

8.2.1.    North America

8.2.2.    Latin America

8.2.3.    Europe

8.2.4.    Asia Pacific

8.2.5.    Middle East 

8.2.6.    Africa

8.3.    Global Cannabis Market Attractiveness Index, By Region

9.    North America Cannabis Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market Revenue (US$Mn) and Forecast, By Country

9.2.1.    U.S. Cannabis Market

9.2.2.    Canada Cannabis Market

9.3.    North America Cannabis Market, By Type

9.3.1.    Flower

9.3.2.    Concentrates

9.3.3.    Others (capsules, topicals, edibles, and beverages)

9.4.    North America Cannabis Market, By Application

9.4.1.    Medical 

9.4.2.    Recreational

9.5.    North America Cannabis Market, By Compound

9.5.1.    THC-dominant

9.5.2.    CBD-dominant

9.5.3.    Balanced THC and CBD

9.6.    North America Cannabis Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Type

9.6.3.    By Application

9.6.4.    By Compound

10.    Latin America Cannabis Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    Brazil Cannabis Market

10.2.2.    Mexico Cannabis Market

10.2.3.    Rest Of Latin America Cannabis Market

10.3.    Latin America Cannabis Market, By Type

10.3.1.    Flower

10.3.2.    Concentrates

10.3.3.    Others (capsules, topicals, edibles, and beverages)

10.4.    Latin America Cannabis Market, By Application

10.4.1.    Medical 

10.4.2.    Recreational

10.5.    Latin America Cannabis Market, By Compound

10.5.1.    THC-dominant

10.5.2.    CBD-dominant

10.5.3.    Balanced THC and CBD

10.6.    Latin America Cannabis Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Type

10.6.3.    By Application

10.6.4.    By Compound

11.    Europe Cannabis Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    U.K. Cannabis Market

11.2.2.    Germany Cannabis Market

11.2.3.    Italy Cannabis Market

11.2.4.    France Cannabis Market

11.2.5.    Spain Cannabis Market

11.2.6.    Russia Cannabis Market

11.2.7.    Rest Of Europe Cannabis Market

11.3.    Europe Cannabis Market, By Type

11.3.1.    Flower

11.3.2.    Concentrates

11.3.3.    Others (capsules, topicals, edibles, and beverages)

11.4.    Europe Cannabis Market, By Application

11.4.1.    Medical 

11.4.2.    Recreational

11.5.    Europe Cannabis Market, By Compound

11.5.1.    THC-dominant

11.5.2.    CBD-dominant

11.5.3.    Balanced THC and CBD

11.6.    Europe Cannabis Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Type

11.6.3.    By Application

11.6.4.    By Compound

12.    Asia Pacific Cannabis Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    China Cannabis Market

12.2.2.    India Cannabis Market

12.2.3.    Japan Cannabis Market

12.2.4.    Australia and New Zealand Cannabis Market

12.2.5.    South Korea Cannabis Market

12.2.6.    Rest of Asia Pacific Cannabis Market

12.3.    Asia Pacific Cannabis Market, By Type

12.3.1.    Flower

12.3.2.    Concentrates

12.3.3.    Others (capsules, topicals, edibles, and beverages)

12.4.    Asia Pacific Cannabis Market, By Application

12.4.1.    Medical 

12.4.2.    Recreational

12.5.    Asia Pacific Cannabis Market, By Compound

12.5.1.    THC-dominant

12.5.2.    CBD-dominant

12.5.3.    Balanced THC and CBD

12.6.    Asia Pacific Cannabis Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Type

12.6.3.    By Application

12.6.4.    By Compound

13.    Middle East Cannabis Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    GCC Countries Cannabis Market

13.2.2.    Israel Cannabis Market

13.2.3.    Rest Of Middle East Cannabis Market

13.3.    Middle East Cannabis Market, By Type

13.3.1.    Flower

13.3.2.    Concentrates

13.3.3.    Others (capsules, topicals, edibles, and beverages)

13.4.    Middle East Cannabis Market, By Application

13.4.1.    Medical 

13.4.2.    Recreational

13.5.    Middle East Cannabis Market, By Compound

13.5.1.    THC-dominant

13.5.2.    CBD-dominant

13.5.3.    Balanced THC and CBD

13.6.    Middle East Cannabis Market Attractiveness Index

13.6.1.    By Country

13.6.2.    By Type

13.6.3.    By Application

13.6.4.    By Compound

14.    Africa Cannabis Market Analysis and Forecast, 2020–2028

14.1.    Introduction

14.1.1.    Annual Growth Rate Comparison, By Country

14.1.2.    BPS Analysis, By Country

14.2.    Market (US$Mn) Forecast, By Country

14.2.1.    South Africa Countries Cannabis Market

14.2.2.    Egypt Cannabis Market

14.2.3.    North Africa Cannabis Market

14.2.4.    Rest of Africa Cannabis Market

14.3.    Africa Cannabis Market, By Type

14.3.1.    Flower

14.3.2.    Concentrates

14.3.3.    Others (capsules, topicals, edibles, and beverages)

14.4.    Africa Cannabis Market, By Application

14.4.1.    Medical 

14.4.2.    Recreational

14.5.    Africa Cannabis Market, By Compound

14.5.1.    THC-dominant

14.5.2.    CBD-dominant

14.5.3.    Balanced THC and CBD

14.6.    Africa Cannabis Market Attractiveness Index

14.6.1.    By Country

14.6.2.    By Type

14.6.3.    By Application

14.6.4.    By Compound

15.    Competitive Landscape

15.1.    Company Profiles

15.1.1.    Canopy Growth Corporation

15.1.1.1.    Company Overview

15.1.1.2.    Financial Overview

15.1.1.3.    Key Developments

15.1.1.4.    Strategies

15.1.1.5.    Product Analysis

15.1.2.    Aurora Cannabis Inc. (Canada)

15.1.3.    Cannabis Science Inc.,

15.1.4.    Aphria Inc.

16.    Acronyms

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Frequently Asked Questions

The cannabis market is estimated to reach at a value of US$ 28.1 Bn by the end of 2022 and expected to reach at a value of US$ 197.5 Bn by 2030 with a significant CAGR of 27.6%.

The base year for the report is 2021 in cannabis market.

The research report classifies the global cannabis market based on type, application, compound and regions.

Canopy Growth Corporation, Aurora Cannabis Inc. (Canada), Cannabis Science Inc., and Aphria Inc. are the key participating players in the market



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