Global cannabis concentrate market expected to generate around USD 13.78 billion by 2026, at a CAGR of around 17.8% between 2019 and 2026. Cannabis or marijuana concentrate is a concentrated mass containing tetrahydrocannabinol or THC as the main component. Cannabis concentrates are obtained via extraction.
The report covers a forecast and an analysis of the cannabis concentrate market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Billion). The study includes the drivers and restraints of the cannabis concentrate market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cannabis concentrate market on a global level.
In order to give the users of this report a comprehensive view of the cannabis concentrate market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the cannabis concentrate market has also been included. The study encompasses a market attractiveness analysis, wherein segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the cannabis concentrate market by segmenting it based on type, end-use, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some key players operating in the global cannabis concentrate market are Canopy Growth Corporation, Aurora Cannabis, Tikun Olam, Cannabis Science, Aphria, Maricann Group, Tilray, VIVO Cannabis, Medical Marijuana, STENOCARE, Cronos Group, Terra Tech, and MedMen.
This report segments the global cannabis concentrate market into:
Global Cannabis Concentrate Market: Type Analysis
Global Cannabis Concentrate Market: End-Use Analysis
Global Cannabis Concentrate Market: Regional Analysis
List of Figures
1. Global Cannabis Concentrate Market Segmentation
2. Global Cannabis Concentrate Market, 2016–2026 (USD Billion)
3. Porter’s Five Forces Analysis
4. Global Cannabis Concentrate Market attractiveness, by Type
5. Global Cannabis Concentrate Market attractiveness, by End-Use
6. Global Cannabis Concentrate Market attractiveness, by Region
7. Global Cannabis Concentrate Market share, by Type, 2018 and 2026
8. Global Cannabis Concentrate Market by Shatter, 2016–2026 (USD Billion)
9. Global Cannabis Concentrate Market by Budder, 2016–2026 (USD Billion)
10. Global Cannabis Concentrate Market by Rosin, 2016–2026 (USD Billion)
11. Global Cannabis Concentrate Market by Live Resin, 2016–2026 (USD Billion)
12. Global Cannabis Concentrate Market by Others, 2016–2026 (USD Billion)
13. Global Cannabis Concentrate Market share, by End-Use, 2018 and 2026
14. Global Cannabis Concentrate Market by Pharmaceuticals, 2016–2026 (USD Billion)
15. Global Cannabis Concentrate Market by Food Industry, 2016–2026 (USD Billion)
16. Global Cannabis Concentrate Market by Recreational, 2016–2026 (USD Billion)
17. Global Cannabis Concentrate Market by Others, 2016–2026 (USD Billion)
18. Global Cannabis Concentrate Market share, by Region, 2018 and 2026
19. North America Cannabis Concentrate Market, 2016–2026 (USD Billion)
20. Europe Cannabis Concentrate Market, 2016–2026 (USD Billion)
21. Asia Pacific Cannabis Concentrate Market, 2016–2026 (USD Billion)
22. Latin America Cannabis Concentrate Market, 2016–2026 (USD Billion)
23. The Middle East and Africa Cannabis Concentrate Market, 2016–2026 (USD Billion)
List of Tables
1. Global Cannabis Concentrate Market: Snapshot
2. Drivers of the Cannabis Concentrate Market: Impact Analysis
3. Restraints of the Cannabis Concentrate Market: Impact Analysis
4. North America Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
5. North America Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
6. The U.S. Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
7. The U.S. Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
8. Canada Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
9. Canada Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
10. Europe Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
11. Europe Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
12. UK Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
13. UK Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
14. France Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
15. France Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
16. Germany Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
17. Germany Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
18. Rest of Europe Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
19. Rest of Europe Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
20. Asia Pacific Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
21. Asia Pacific Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
22. China Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
23. China Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
24. Japan Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
25. Japan Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
26. India Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
27. India Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
28. Rest of Asia Pacific Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
29. Rest of Asia Pacific Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
30. Latin America Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
31. Latin America Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
32. Brazil Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
33. Brazil Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
34. Rest of Latin America Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
35. Rest of Latin America Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
36. The Middle East and Africa Cannabis Concentrate Market Revenue, by Type, 2016–2026 (USD Billion)
37. The Middle East and Africa Cannabis Concentrate Market Revenue, by End-Use, 2016–2026 (USD Billion)
Cannabis, also known as marijuana, is a psychoactive (affecting the mind) drug. The main psychoactive constituents are tetrahydrocannabinol and cannabinoid. These are extracted from the herb cannabis and commonly called marijuana concentrate, which is consumed as an intoxicant leading to drugged moods and hallucinations. Cannabis concentrates come in many types—oils, hash, shatters, wax, and vaporizers. Cannabis concentrates are consumed in forms of capsules, chewing gums, or directly smoking. Cannabis concentrates are used in a wide range of applications in the healthcare and pharmaceutical industries. This is the primary factor driving the global cannabis concentrate market development in the years ahead. However, due to lack of strong scientific support for cannabis concentrate to be effective in the treatment of diseases, its usage is limited to countries like U.S., Canada, Australia, Belgium, Spain, and the Netherlands. The growing marijuana demand for recreational use is anticipated to further push the cannabis concentrate market over the estimated timeframe. However, the restricted legalization and complex regulatory structure for cannabis use may obstruct the growth of the cannabis concentrate market globally.
Based on product type, the cannabis concentrate market is classified into shatter, budder, rosin, live resin, and others. Rosin is the latest variety of concentrates in the market and is expected to grow at a faster rate as compared to other concentrates, owing to its easy to use feature.
On the basis of end-use, the cannabis concentrate market is fragmented into pharmaceutical, food industry, recreational, and others. Cannabis concentrate has several pharmaceutical applications, such as treating fatal diseases like AIDS, posttraumatic stress disorders, and neurological problems. Consequently, the pharmaceutical industry is a lucrative segment for cannabis concentrate market and is expected to significantly support the cannabis concentrate market growth over the forecasted years. Recreational cannabis concentrate usage is anticipated to be a rapidly-growing segment in the future. Although recreational cannabis has a very low market presence, its demand is almost equal to medicinal cannabis, and with further legalization, the demand for recreational cannabis is predicted to exceed the demand for medicinal cannabis.
The North American cannabis concentrate market is expected to hold the largest share over the forecast time period, owing to the growth in the product demand in the U.S. and Canadian markets. The increasing awareness regarding the health benefits of cannabis is anticipated to further fuel the region’s cannabis concentrate market in the future. The region’s cannabis concentrate market is further supported by the presence of leading cannabis companies, such as Aurora Cannabis, Medical Marijuana, and Canopy Growth, which are constantly investing in the development of new products to satisfy various consumer demands.
Some key players operating in the global cannabis concentrate market are Canopy Growth Corporation, Aurora Cannabis, Tikun Olam, Cannabis Science, Aphria, Maricann Group, Tilray, VIVO Cannabis, Medical Marijuana, STENOCARE, Cronos Group, Terra Tech, and MedMen.
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