How Has the Cannabis Capsule Market Size Evolved in Recent Years?
The cannabis capsule market has seen considerable growth due to a variety of factors.
• The size of the cannabis capsule market has experienced staggering growth in the past few years. It is projected that this market will expand from a worth of $38.75 billion in 2024 to an impressive $47.37 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 22.2%.
The remarkable growth observed in the historical period can be credited to strides made in research and development, heightened medical demands, and the surge in research developments.
What Are The Predictions for The Cannabis Capsule Market in the Coming Years?
The cannabis capsule market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for cannabis capsules is anticipated to experience swift expansion in the coming years, predicted to reach $93.59 billion by 2029 with a compound annual growth rate (CAGR) of 18.6%.
The projected growth over the forecast period can be ascribed to the rise in neurological disorders, growing legalization, and shifting consumer tastes. Key trends during the forecast period are product innovation, strategic collaborations, and advancements in technology.
Which Drivers Are Accelerating Growth In The Cannabis Capsule Market?
The rise in neurological conditions is predicted to bolster the expansion of the cannabis capsule market in the future. Neurological ailments refer to diseases impacting the central and peripheral nervous systems that affect not only the nerves of the body and spinal cord, but also the brain. Ingredients found in cannabis capsules, like cannabidiol (CBD), are believed to have potential advantages for neurological conditions, as they can inhibit the growth of social recognition memory deficiencies in diseases like Alzheimer's. For example, in October 2023, the World Federation of Neurology, a UK-based union of national neurological societies, indicated that over 40% of the global populace currently suffers from some kind of neurological disorder, and this load is predicted to almost double by 2050. Hence, the surge in neurological disorders is stimulating the growth of the cannabis capsule market.
What Are The Core Segments Of The Global Cannabis Capsule Market?
The cannabis capsule market covered in this report is segmented –
1) By Type: High Tetrahydrocannabinol Capsules, Tetrahydrocannabinol Or Cannabinol Balance Capsule, High Cannabinol Capsules
2) By Compound: Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant
3) By End User: Hospital Pharmacies, Retail Pharmacies, Drug Stores, Online Sales
Subsegments:
1) By High Tetrahydrocannabinol Capsules: Full-Spectrum Capsules, Isolate Capsules
2) By Tetrahydrocannabinol Or Cannabinol Balance Capsule: Ratio Capsules, Blend Capsules
3) By High Cannabinol Capsules: Full-Spectrum CBN Capsules, Isolate CBN Capsules
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What Trends Are Reshaping The Future Of The Cannabis Capsule Market?
Leading organizations in the cannabis capsule industry are concentrating on introducing cutting-edge solutions such as oral cannabis capsules to establish a competitive stance. An oral cannabis capsule is a method of consuming cannabis that includes encapsulating cannabis substances like oil and decarboxylated flower into a pill. For example, in January 2023, Holistic Industries, an organic medical cannabis firm in the US, introduced CANNACEUTICA in the US. It's the first oral cannabis capsule specifically designed and studied for chronic pain sufferers, providing an alternative to opioids. It's a unique product backed by research and straightforward dosing instructions. The oral cannabis pill comes with an Easy Dose Chart and uncomplicated dosing directions in each bottle to aid users in determining the optimal dose. The suggested initial dosage is 2.5 milligrams of THC (Tetrahydrocannabinol).
Who Are the Key Players In The Cannabis Capsule Market?
Major companies operating in the cannabis capsule market report are:
• GW Pharmaceuticals PLC
• Trulieve Cannabis Corp.
• Green Thumb Industries Inc.
• Tilray Inc.
• Columbia Care Inc.
• Aphria Inc.
• Curaleaf Holdings Inc.
• Canopy Growth Corporation
• Cresco Labs Inc.
• Aurora Cannabis Inc.
• Organigram Holdings Inc.
• Harvest Health & Recreation Inc.
• Cronos Group Inc.
• TerrAscend Corp.
• Vireo Health International Inc.
• Charlotte's Web Holdings Inc.
• The Valens Company Inc.
• Acreage Holdings Inc.
• Neptune Wellness Solutions Inc.
• CannTrust Holdings Inc.
• Valens Company Inc.
• HEXO Corp.
• Cann Group Limited
• Plus Products Inc.
• Heritage Cannabis Holdings Corp.
• PharmaCielo Ltd.
• MediPharm Labs Corp.
• Sundial Growers Inc.
• MedReleaf Corp.
• Wana Brands
What Are The Regional Insights Into The Cannabis Capsule Market?
North America was the largest region in the cannabis capsule market in 2024. The regions covered in the cannabis capsule market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
