Visiongain publishes Cannabis Extract Market Report 2020-2030

18 June 2020
Pharma

Visiongain has launched a new pharma report Cannabis Extract Market Report 2020-2030: Forecasts by Product (Oils, Tinctures), Type (Full Spectrum Extracts, Cannabis Isolates), and Geography (North America, Latin America, Europe, RoW).

The global cannabis extract market is anticipated to grow at a lucrative CAGR of xyz% and anticipated to reach USD xyz billion by 2020.

The key driving factors on this market are increased medical marijuana for the treatment, along with mental conditions such as depression, anxiety, and epilepsy, of chronic diseases such as arthritis, Alzheimer's, and cancer. The growing legalization of medical cannabis in different countries that facilitates access to patients is another factor that is anticipated to stimulate market growth.

To access the data contained in this document please email contactus@visiongain.com

In the areas of the health, nutraceutical, health and welfare, and beverage sectors, CBD extracts are being used to treat distress ranging from chronic pain to anxiety, depression, to epileptic seizures.

The overall growth of the market has been driven by increased marijuana adoption for medical and recreational purposes. The legalization of marijuana has resulted in increasing purchases of products by legal means and in a decrease in sales in the Black market in some countries. The government's tax also is expected to create opportunities for countries to generate revenue.

Due to higher product acceptance and use due to the legalization of marijuana in the region, the largest share of revenue in North America in 2019, was worth USD xyz trillion. Ten years ago, 32 percent of the total population favored and 60 percent opposed legalization. Medical marijuana in 31 U.S. states including Guam, Puerto Rico, and Columbia was legalized in 2018.

Recent statistics show that some 57% of adults in the United States prefer the treatment of pain, inflammation, and cancer to use marijuana for medical purposes. Factors like cannabis legalization, increased public support, and increasing medicinal use of medicinal products will, therefore, boost the regional market growth.

Europe was the second-largest market in 2019. Italian consumption of cannabis oil and concentrates is regarded as the fourth most important. The legalization in European countries, coupled with strict sale and cultivation rules and regulations, could, however, limit European and global growth as a whole. Australia, Germany, Poland, Colombia, Uruguay, and Israel are also promising markets for marijuana.

From 2020 through 2030, Israel is expected to show a CAGR of over xyz% and will become a highly profitable market during the forecast period. This growth is due to factors like innovation, increased research, a well-developed ecosystem, and liberal government policies. In January 2017 the Government invested around $xyz million to study the impact of cannabis on conditions like the rejection of transplant organ and metabolic syndrome in 13 different research projects. The market of health marijuana over the forecast period is expected to be expanded by growing R&D investments.

Currently, key players are forming various strategies such as acquisitions, mergers, partnerships, collaborations, and launching new products to strengthen their position in the global cannabis extract market. Companies are also expanding their R&D, distribution, and management facilities to expand their business and to hold a competitive edge in the Cannabis Extract Market.

For instance, on 21st April 2020; Clever Leaves, licensed producer of pharmaceutical-grade cannabis and hemp extracts, and Canopy LATAM Corporation, a wholly-owned and controlled subsidiary of Canopy Growth Corporation announced that both parties have entered into a regional supply agreement.

Under the terms of the agreement, Clever Leaves will supply Canopy LATAM with extracted products from its GMP-certified, licensed cannabis processing system and cultivation sites in Colombia. Clever Leaves has delivered the first of these products to Canopy Growth under the terms of the one-year agreement, which includes an option to renew for two additional years.

The comprehensive market report features companies such as Canopy Growth Corporation, Organa Brands, Aphria Inc., Peridot Labs, Aurora Cannabis, Colorado Cannabis Company, Kynd Cannabis Company, Tilray, Dabble Extracts, GW Pharmaceuticals plc, Organigram Holdings Inc., Optimum Extracts, Tikun Olam, Ltd., The Cronos Group, Maricann Group, Inc. among other prominent players. Also the research study offers market estimation and forecast for the period ranging 2020-2030 for global markets such as North America, Latin America, Europe, and RoW along with regional sub-markets as U.S., Canada, Chile, Argentina, Colombia, Israel, Germany, Croatia, Italy, Netherlands, Poland, Switzerland, Israel, and Australia.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Plasma Therapy Market Report 2021-2031

The market is forecasted for the next ten years based on market growth within each segment of the blood plasma products. The report study aims to explore the market drivers, restraints and also market opportunities facing blood plasma product stakeholders in different geographic areas.

26 November 2020

Read

Visiongain Publishes Precision Cancer Diagnostic Test Market Report 2021-2031

Molecular diagnostics are rapidly transforming drug development and patient selection: trials with biomarkers have higher success rates than those without, and combining patients with a proven biomarker allows efficient trials to be conducted in rare cancers.

26 November 2020

Read

Visiongain Publishes Top 50 Biosimilar Drug Manufacturers 2021

Growing demand for cost-effective drugs; rising prevalence of chronic diseases; mounting investment in drug R&D by biopharmaceutical companies; new product launches and rising acceptance of biosimilars in North America region are some of the major factors that propel the biosimilars market growth.

25 November 2020

Read

Visiongain Publishes Advanced Therapy Medicinal Products (ATMP) Market Report 2021-2031

Currently, the ATMP market is at a nascent stage and is expected to flourish during near future owing to increasing research and development activities and rising use of ATMP therapy products in treatment areas with low or no alternative treatment options support the market growth

24 November 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever