The Cannabis Market research reports 2023-2030. A detailed study accumulated to offer the Latest insights about acute features of the Global Cannabis market. This report provides a detailed overview of key factors in the Cannabis Market and factors such as driver, restraint, past, and current trends, regulatory scenarios, and technology development. This report elaborates the market size, revenue, and growth of the Cannabis industry, and breaks it down according to the type, application, and consumption area of Cannabis. The report also conducted a PESTEL analysis of the industry to study the industry’s main influencing factors and entry barriers.
The global cannabis market was valued at US$ 13.43 Billion in 2022, and is projected to reach US$ 66.35 Billion by 2030, growing at a CAGR of 22.1% from 2023 to 2030.
Some of the key players profiled in the study are:
Canopy Growth Corporation, GW Pharmaceuticals, plc, Aurora Cannabis, Inc., Aphria, Inc., Cronos Group, Tilray, Sundial Growers Inc., Insys Therapeutics, Inc., The Scotts Company LLC, VIVO Cannabis Inc., Cara Therapeutics Inc.
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Market Overview
In recent years, the legalization and decriminalization of cannabis in numerous regions of the globe have led to a rapid expansion of the global cannabis market. As more nations legalize cannabis, the market for medical and recreational cannabis products is expected to continue expanding.Europe is presently the second largest market for legal cannabis, after North America. As countries such as Australia, New Zealand, and Thailand move toward legalization, the Asia-Pacific region is anticipated to experience the highest growth rate in the coming years.The market is comprised of a variety of products, including dried cannabis material, concentrates, edibles, tinctures, and topicals. Cannabis is used medically to treat a variety of conditions, including chronic pain, epilepsy, and cancer-related symptoms, while cannabis is used recreationally for its psychoactive effects.As more nations legalize cannabis and consumers become more accustomed to using it for medical and recreational purposes, the global cannabis market is anticipated to continue expanding. However, regulatory and legal barriers continue to be a problem in many regions of the globe, and the market is likely to remain volatile as it matures.
Market Segmentation
By Source
- Marijuana
- Flowers
- Oil and Tinctures
- Hemp
- Hemp CBD
- Supplements
- Industrial Hemp
By Derivative
- CBD
- THC
- Others
By End-use
- Medical Use
- Cancer
- Chronic Pain
By Depression and Anxiety
- Arthritis
- Diabetes
- Glaucoma
- Migraines
- Epilepsy
- Multiple Sclerosis
- AIDS
- Amyotrophic Lateral Sclerosis
- Alzheimer’s
- Post-Traumatic Stress Disorder (PTSD)
- Parkinson’s
- Tourette’s
- Recreational Use
- Industrial Use
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Regional Insights
The United States and Canada are the world’s two greatest legal cannabis markets. In a number of states and provinces, the legalization of cannabis for medical and recreational use has fueled the expansion of the industry.
The Middle East and Africa have some of the most stringent cannabis laws and regulations. However, some nations are beginning to investigate the potential medical benefits of cannabis and may alter their laws in the future.
Country-Level Break-Up:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Influence of the Cannabis market report:
-Comprehensive assessment of all opportunities and risks in the Cannabis market.
-Cannabis market recent innovations and major events.
-Detailed study of business strategies for growth of the Cannabis market-leading players.
-Conclusive study about the growth plot of the Cannabis market for forthcoming years.
-In-depth understanding of Cannabis market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Cannabis market.
Reasons for Buying this Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow.
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