The Cannabis Extract Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Cannabis Extract Market?
The market size of cannabis extract has seen a significant rise in recent years. In 2024, it was valued at $10.38 billion, and is projected to increase to $12.7 billion in 2025, with a compound annual growth rate (CAGR) of 22.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Cannabis Extract Industry?
The Cannabis Extract market is predicted to reach a value of $26.47 billion by 2029, with a compound annual growth rate (CAGR) of 20.1%.
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What are the Key Growth Drivers Fueling the Cannabis Extract Market?
The key drivers in the cannabis extract market are:
• Rising health and wellness trends
• Consumer education initiatives around cannabis usage
• Customization of cannabis extract products
• Incorporation of cannabis in beauty and personal care products
Global Market Segmentation: Identifying Major Cannabis Extract Industry Segments
The cannabis extract market covered in this report is segmented –
1) By Product Type: Oils, Tinctures
2) By Extract Type: Full Spectrum Extracts, Cannabis Isolates
3) By Sources: Hemp, Marijuana
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
5) By Application: Textile, Cosmetic, Pharmaceutical, Paper
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What are the Emerging Trends Shaping the Future of the Cannabis Extract Market?
The key trends in the cannabis extract market are:
• Innovation in extraction technologies is a growing trend in the cannabis extract market.
• There is a rising emphasis on full-spectrum and broad-spectrum extracts.
• The market is shaped by a significant focus on terpenes.
• The trends of product standardization, quality assurance, and collaborations are increasingly prevalent.
Who Are the Top Competitors & Leading Players in the Cannabis Extract Market?
Major companies in the cannabis extract market are:
• Canopy Growth Corporation
• Tikun Olam
• Aurora Cannabis Inc.
• Aphria Inc.
• Tilray Inc.
• GW Pharmaceuticals PLC
• The Cronos Group
• The Supreme Cannabis Company Inc.
• Elixinol Global Limited
• Westleaf Cannabis Inc.
• Medipharm Labs Corp.
• The Valens Company Inc.
• Curaleaf Holdings Inc.
• Innovative Ind Props
• Green Thumb Industries
• Verano Holdings
• Trulieve Cannabis Corp.
• Cresco Labs Inc.
• Delta 9 Cannabis Inc.
• BZAM Ltd.
• Sundial Growers Inc.
• Decibel Cannabis Company
• Auxly Cannabis Group
• Red White & Bloom Brands
• Jazz Pharmaceuticals PLC
• Organigram Inc.
• MedReleaf Corp.
• Terrascend Corp.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the cannabis extract market in 2024
