Cannabis Extract Market Report 2026

Cannabis Extract Market Overview

• Cannabis Extract market size has reached to $12.6 billion in 2025 • Expected to grow to $30.83 billion in 2030 at a compound annual growth rate (CAGR) of 19.5% • Growth Driver: Rising Cancer Rates Propel Cannabis Extract Market Expansion • Market Trend: STENOCARE Launches Next-Generation Medical Cannabis Oil Product For Global Markets • North America was the largest region in 2025.

What Is Covered Under Cannabis Extract Market?

Cannabis extract refers to a compound that comes from the cannabis plant called cannabidiol (CBD). Typically, it is an oil, that manufacturers add to various products, such as creams and lotions, and people use CBD extract as a treatment for a range of diseases. The main type of cannabis extract are oils and tinctures. Oils in the cannabis extract market refer to an oleoresin that is extracted from cannabis such as hemp and marijuana plant. The main types of extracts are full spectrum extracts and cannabis isolates sourced from hemp and marijuana. The cannabis extract are distributed through hospital pharmacies, retail pharmacies, and online pharmacies to be used in textile, cosmetic, pharmaceutical, and paper industry.

What Is The Cannabis Extract Market Growth Forecast?

The cannabis extract market size is expected to see rapid growth in the next few years. It will grow to $30.83 billion in 2030 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period can be attributed to increasing pharmaceutical utilization of cannabis extracts, rising investments in GMP-compliant extraction facilities, expansion of regulated cannabis product markets, growing demand for high-purity extracts, increasing integration into wellness and personal care products. Major trends in the forecast period include increasing demand for full-spectrum cannabis extracts, rising use of cannabis extracts in pharmaceuticals, growing adoption in cosmetic and wellness products, expansion of standardized extraction processes, enhanced quality control and traceability.

Global Cannabis Extract Market Segmentation

1) By Product Type: Oils, Tinctures 2) By Extract Type: Full Spectrum Extracts, Cannabis Isolates 3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies 4) By Application: Cosmetic, Pharmaceutical Subsegments: 1) By Oils: CBD Oils, Full-Spectrum Oils 2) By Tinctures: CBD Tinctures, Herbal Infused Tinctures

What Is The Driver Of The Cannabis Extract Market?

The increasing prevalence of cancer is expected to propel the growth of the cannabis extract market going forward. Cancer refers to the condition when a few of the body's cells grow out of control and spread to other bodily regions. Cannabis extract helps treat cancer patients with neuropathy, nausea, pain, vomiting, appetite, and weight loss. Cannabis extract affects cancer progression by stimulating autophagy and affecting the signaling pathways leading to apoptosis. For instance, in May 2024, according to the National Institutes of Health, a US-based Government agency, in 2024, it is projected that 2,001,140 new cancer cases will be diagnosed in the United States, and 611,720 individuals are expected to die from the disease. Therefore, the increasing prevalence of cancer is driving the growth of the cannabis extract industry.

Key Players In The Global Cannabis Extract Market

Major companies operating in the cannabis extract market are Canopy Growth Corporation, Tikun Olam, Aurora Cannabis Inc., Aphria Inc., Tilray Inc., GW Pharmaceuticals PLC, The Cronos Group, Elixinol Global Limited, Medipharm Labs Corp., The Valens Company Inc., Curaleaf Holdings Inc., Green Thumb Industries, Verano Holdings, Trulieve Cannabis Corp., Cresco Labs Inc., Delta 9 Cannabis Inc., BZAM Ltd., Sundial Growers Inc., Auxly Cannabis Group, Red White & Bloom Brands, Jazz Pharmaceuticals PLC, Organigram Inc., MedReleaf Corp., Terrascend Corp.

Global Cannabis Extract Market Trends and Insights

Major companies operating in the cannabis extract market are focusing on developing innovative solutions, such as medical cannabis oil products, to address rising demand in both therapeutic and wellness sectors. Medical cannabis oil products refer to oils derived from the cannabis plant that contain active cannabinoids, such as cannabidiol (CBD) and tetrahydrocannabinol (THC), used for therapeutic purposes. For instance, in May 2024, Stenocare A/S, a Denmark-based pharmaceutical industry company, launched its next-generation medical cannabis oil product, known as Astrum 10-10, which has received regulatory approval for sales in Australia and Germany. This innovative product aims to set new pharmaceutical-grade standards for efficacy and potency in medical cannabis. The launch is part of STENOCARE's broader strategy to enhance patient access to high-quality prescription-based medical cannabis. The first sales of this product are anticipated for Q4 2024, reflecting STENOCARE's commitment to product innovation and market expansion in the evolving landscape of medical cannabis.

What Are Latest Mergers And Acquisitions In The Cannabis Extract Market?

In December 2024, Organigram, a Canada-based cannabis producer, acquired Motif, for an undisclosed amount. With this acquisition, Organigram aims to become Canada’s largest cannabis company by market share, expand its production capacity, diversify its product portfolio, enhance distribution capabilities, and strengthen its position in the recreational and medical cannabis markets. Motif is a Canada-based cannabis company specializing in premium cannabis products and innovative brand offerings.

Regional Outlook

North America was the largest region in the cannabis extract market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Cannabis Extract Market?

The cannabis extract market consists of sales shatter, wax and hash. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Cannabis Extract Market Report 2026?

The cannabis extract market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the cannabis extract industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.