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Cannabis Extract Market Size, Share & Trends Analysis Report By Product (Tinctures, Oils), By Extract Type (Full Spectrum, Isolates), By Country, Competitive Landscape, And Segment Forecasts, 2019 - 2025

Published: May, 2019 | Pages: 100 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global cannabis extract market size is expected to reach USD 23.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a 22.1% CAGR over the forecast period. Growing preference for cannabis extracts such as oils and tinctures, rising legalization of marijuana in various countries, and increase in the adoption of medical marijuana for treatment of various chronic diseases such as Alzheimer's, cancer, arthritis, and anxiety are key factors promoting market growth.

The marijuana industry is booming due to increasing awareness about its medical benefits. Decriminalization and/or legalization of medical marijuana in some countries has led to a significant decrease in the black market as people are resorting to legally purchasing marijuana for medical use.

Cannabis oils and tinctures can be used for manufacturing edibles and topicals other than smoking. These are generally used for treatment of conditions such as cancer, mental disorders, and nausea as well as for recreational purposes such as vaping. In terms of legality, laws pertaining to medical marijuana extracts are much more lenient compared to that of dried buds, which involve smoking.

Further key findings from the report suggest:

• In 2018, oils held the largest revenue share of 65.7% owing to their ease of availability and low price

• The full spectrum segment was valued at USD 3.3 billion in 2018, owing to its entourage effect - a synergistic relationship between cannabinoids and terpenes that exhibits an increase in the healing properties of each cannabinoid

• Marijuana isolates are anticipated to emerge as the second largest type segment owing to its several advantages that have increased its adoption. For instance, the purest form of isolates, such as CBD oil, have no psychoactive effects as they have no THC content

• In 2018, North America accounted for the largest share in the global market. This can be attributed to high utilization owing to government approvals

• Key players operating in the cannabis extract market include Canopy Growth Corporation; Aphria Inc.; Aurora Cannabis; MARICANN INC.; Tilray; GW Pharmaceuticals plc; Organigram Holdings Inc.; Tikun Olam, Ltd.; and The Cronos Group.
 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research Scope and Assumptions
                 1.3 List to Data Sources

Chapter 2 Executive Summary
                 2.1 Market Summary

Chapter 3 Global Cannabis Extracts Market Variables, Trends & Scope
                 3.1 Market Segmentation
                 3.2 Cannabis Extracts Market Dynamics
                     3.2.1 Market Driver Analysis
                         3.2.1.1 Increasing Preference towards cannabis extracts such as oils and tinctures
                         3.2.1.2 Growing adoption of medical cannabis for treatment of chronic diseases
                         3.2.1.3 Growing legalization of medical cannabis in various countries
                         3.2.1.4 Elimination of black market through legalization of medical cannabis
                     3.2.2 Market Restraint Analysis
                         3.2.2.1 Lower market access of cannabis due to absence of legalization programs in several Asian and African countries
                         3.2.2.2 High pricing of medical cannabis in leading markets
                         3.2.2.3 Legalization of medical cannabis only for selected indications
                         3.2.2.4 Supply shortage of medical cannabis in various countries
                     3.2.3 Penetration & Growth Prospects Mapping
                     3.2.4 Global Cannabis Extracts trade route
                     3.2.5 Global Cannabis Extracts demand and supply analysis
                     3.2.6 Global Cannabis Extracts Regulatory Scenario, By Country
                         3.2.6.1 U.S.
                             3.2.6.1.1 Cultivation/Production
                             3.2.6.1.2 Import/Export
                             3.2.6.1.3 Legal Status (CBD & THC)
                             3.2.6.1.4 Regulatory Bodies Involved
                         3.2.6.2 Canada
                             3.2.6.2.1 Cultivation
                             3.2.6.2.2 Production
                             3.2.6.2.3 Import/Export
                             3.2.6.2.4 Legal Status (CBD & THC)
                             3.2.6.2.5 Regulatory Bodies Involved
                         3.2.6.3 Germany
                             3.2.6.3.1 Cultivation/Production
                             3.2.6.3.2 Import/Export
                             3.2.6.3.3 Legal Status (CBD & THC)
                             3.2.6.3.4 Regulatory Bodies Involved
                         3.2.6.4 Italy
                             3.2.6.4.1 Cultivation
                             3.2.6.4.2 Production
                             3.2.6.4.3 Import/Export
                             3.2.6.4.4 Legal Status (CBD & THC)
                             3.2.6.4.5 Regulatory Bodies Involved
                         3.2.6.5 Croatia
                             3.2.6.5.1 Cultivation/Production
                             3.2.6.5.2 Import/Export
                             3.2.6.5.3 Legal Status (CBD & THC)
                             3.2.6.5.4 Regulatory Bodies Involved
                         3.2.6.6 Netherlands
                             3.2.6.6.1 Cultivation
                             3.2.6.6.2 Production
                             3.2.6.6.3 Import/Export
                             3.2.6.6.4 Legal Status (CBD & THC)
                             3.2.6.6.5 Regulatory Bodies Involved
                         3.2.6.7 Czech Republic
                             3.2.6.7.1 Cultivation/Production
                             3.2.6.7.2 Import/Export
                             3.2.6.7.3 Legal Status (CBD & THC)
                         3.2.6.8 Poland
                             3.2.6.8.1 Cultivation/Production
                             3.2.6.8.2 Import/Export
                             3.2.6.8.3 Legal Status (CBD & THC)
                             3.2.6.8.4 Regulatory Bodies Involved
                         3.2.6.9 Switzerland
                             3.2.6.9.1 Cultivation/Production
                             3.2.6.9.2 Import/Export
                             3.2.6.9.3 Legal Status (CBD & THC)
                             3.2.6.9.4 Regulatory Bodies Involved
                         3.2.6.10 Australia
                             3.2.6.10.1 Cultivation/Production
                             3.2.6.10.2 Import/Export
                             3.2.6.10.3 Legal Status (CBD & THC)
                             3.2.6.10.4 Regulatory Bodies Involved
                         3.2.6.11 Israel
                             3.2.6.11.1 Cultivation/Production
                             3.2.6.11.2 Import/Export
                             3.2.6.11.3 Legal Status (CBD & THC)
                             3.2.6.11.4 Regulatory Bodies Involved
                         3.2.6.12 Ururguay
                             3.2.6.12.1 Cultivation/Production
                             3.2.6.12.2 Import/Export
                             3.2.6.12.3 Legal Status (CBD & THC)
                             3.2.6.12.4 Regulatory Bodies Involved
                         3.2.6.13 Colombia
                             3.2.6.13.1 Cultivation/Production
                             3.2.6.13.2 Import/Export
                             3.2.6.13.3 Regulatory Bodies Involved
                         3.2.6.14 Argentina
                             3.2.6.14.1 Cultivation/Production
                             3.2.6.14.2 Import/Export
                             3.2.6.14.3 Legal Status (CBD & THC)
                             3.2.6.14.4 Regulatory Bodies Involved
                         3.2.6.15 Chile
                             3.2.6.15.1 Cultivation/Production
                             3.2.6.15.2 Import/Export
                             3.2.6.15.3 Legal Status (CBD & THC)
                             3.2.6.15.4 Regulatory Bodies Involved
                     3.2.7 Cannabis Extracts Market - PESTLE Analysis
                     3.2.8 Industry Analysis - Porter's

Chapter 4 Cannabis Extracts Market: Product Type Estimates & Trend Analysis
                 4.1 Global Cannabis Extracts Market: Product Type Movement Analysis
                 4.2 Oils
                     4.2.1 Oils Market Estimates and Forecasts, 2014 - 2025 (USD Million)
                 4.3 Tinctures
                     4.3.1 Tinctures Market Estimates and Forecasts, 2014 - 2025 (USD Million)

Chapter 5 Cannabis Extracts Market: Extracts Type Estimates & Trend Analysis
                 5.1 Cannabis Extracts Market: Extract Type Movement Analysis
                 5.2 Full Spectrum Extracts
                     5.2.1 Full Spectrum Extracts Market estimates and forecasts, 2014 - 2025 (USD Million)
                 5.3 Cannabis Isolates
                     5.3.1 Cananbis Isolates Market estimates and forecasts, 2014 - 2025 (USD Million)
                     5.3.2 Tetrahydrocannanbinolic Acid (THCA) Crystalline
                     5.3.3 Cannabidiol (CBD)
                     5.3.4 Cannbinol (CBN)
                     5.3.5 Others

Chapter 6 Cannabis Extracts Market: Regional Estimates & Trend Analysis, by Cannabis Type, Product Type & Application
                 6.1 Global Cannabis Extracts Market Share, By Country, 2018 & 2025
                     6.1.1 U.S.
                         6.1.1.1 U.S. Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.2 Canada
                         6.1.2.1 Canada Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.3 Germany
                         6.1.3.1 Germany Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.4 Italy
                         6.1.4.1 Italy Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.5 Netherlands
                         6.1.5.1 Netherlands Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.6 Israel
                         6.1.6.1 Israel Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.7 Australia
                         6.1.7.1 Australia Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.8 Argentina
                         6.1.8.1 Argentina Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.9 Colombia
                         6.1.9.1 Colombia Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.10 Mexico
                         6.1.10.1 Mexico Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.11 Croatia
                         6.1.11.1 Croatia Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.12 Poland
                         6.1.12.1 Poland Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.13 Czech Republic
                         6.1.13.1 Czech Republic Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.14 Switzerland
                         6.1.14.1 Switzerland Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.15 Uruguay
                         6.1.15.1 Uruguay Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)
                     6.1.16 Chile
                         6.1.16.1 Chile Cannabis Extracts Market Estimates And Forecasts, 2014 - 2025 (Usd Million)

Chapter 7 Competitive Landscape
                 7.1 Company Profiles
                     7.1.1 Canopy Growth Corporation.
                         7.1.1.1 Company overview
                         7.1.1.2 Financial performance
                         7.1.1.3 Strategic Initiatives
                     7.1.2 Aphria, Inc
                         7.1.2.1 Company overview
                         7.1.2.2 Financial performance
                         7.1.2.3 Strategic Initiatives
                     7.1.3 Aurora Cannabis
                         7.1.3.1 Company overview
                         7.1.3.2 Financial performance
                         7.1.3.3 Strategic initiatives
                     7.1.4 Maricann Group, Inc.
                         7.1.4.1 Company overview
                         7.1.4.2 Business strategies
                     7.1.5 Tilray
                         7.1.5.1 Company overview
                         7.1.5.2 Strategic Initiatives
                     7.1.6 GW Pharmaceuticals, plc.
                         7.1.6.1 Company overview
                         7.1.6.2 Financial performance
                         7.1.6.3 Strategic Initiatives
                     7.1.7 ABcann Medicinals, Inc.
                         7.1.7.1 Company overview
                         7.1.7.2 Financial performance
                         7.1.7.3 Strategic Initiatives
                     7.1.8 Organigram Holding, Inc.
                         7.1.8.1 Company overview
                         7.1.8.2 Financial performance
                         7.1.8.3 Strategic Initiatives
                     7.1.9 Tikun Olam, Ltd.
                         7.1.9.1 Company overview
                         7.1.9.2 Strategic Initiatives
                     7.1.10 The Chronos Group
                         7.1.10.1 Company overview
                         7.1.10.2 Financial performance
                         7.1.10.3 Strategic Initiatives
List of Tables

Table 1 U.S. cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 2 U.S. cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 3 U.S. cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 4 Canada cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 5 Canada cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 6 Canada cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 7 Germany cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 8 Germany cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 9 Germany cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 10 Italy cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 11 Italy cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 12 Italy cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 13 Netherlands cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 14 Netherlands cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 15 Netherlands cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 16 Israel cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 17 Israel cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 18 Israel cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 19 Australia cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 20 Australia cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 21 Australia cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 22 Argentina cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 23 Argentina cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 24 Argentina cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 25 Colombia cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 26 Colombia cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 27 Colombia cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 28 Mexico cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 29 Mexico cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 30 Mexico cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 31 Croatia cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 32 Croatia cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 33 Croatia cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 34 Poland cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 35 Poland cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 36 Poland cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 37 Czech Republic cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 38 Czech Republic cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 39 Czech Republic cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 40 Switzerland cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 41 Switzerland cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 42 Switzerland cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 43 Uruguay cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 44 Uruguay cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 45 Uruguay cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million)
Table 46 Chile cannabis extracts market, by product type, 2014 - 2025 (USD Million)
Table 47 Chile cannabis extracts market estimates and forecasts, by extract type, 2014 - 2025 (USD Million)
Table 48 Chile cannabis extracts market estimates and forecasts, by cannabis isolate type, 2014 - 2025 (USD Million) 


List of Figures

Fig. 1 Global cannabis extracts market snapshot, 2018 (USD Million)
Fig. 2 Global cannabis extracts market segmentation
Fig. 3 Cannabis Extracts market dynamics
Fig. 4 Cannabis Extracts market driver impact
Fig. 5 Effect of Cannabis Smoking Vs Cannabis Consumption
Fig. 6 Cannabis Extracts market restraints impact
Fig. 7 Penetration & growth prospects mapping for cannabis extracts
Fig. 8 Global Cannabis Extracts trade route
Fig. 9 Global Cannabis Extracts supply - demand analysis
Fig. 10 Cannabis extracts market - PESTLE analysis
Fig. 11 Cannabis extracts market - Porter's Analysis
Fig. 12 Cannabis extracts market, Product type outlook: Key takeaways
Fig. 13 Cannabis Extracts market: Product movement analysis (2018 & 2025) (USD Million)
Fig. 14 Oils market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 15 Tinctures market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 16 Cannabis extracts market, extracts type outlook: Key takeaways
Fig. 17 Cannabis extracts market: Extracts type movement analysis (2018 & 2025)
Fig. 18 Full spectrum extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 19 Cannabis isolates market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 20 Regional market place: Key takeaways
Fig. 21 Cannabis Extracts market: Regional outlook, 2018 & 2025
Fig. 22 U.S. cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 23 Canada cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 24 Germany cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 25 Italy cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 26 Netherlands cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 27 Israel cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 28 Australia cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 29 Argentina cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 30 Colombia cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 31 Mexico cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 32 Croatia cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 33 Poland cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 34 Czech Republic cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 35 Switzerland cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 36 Uruguay Cannabis Extracts market estimates and forecasts, 2014 - 2025 (USD Million)
Fig. 37 Chile cannabis extracts market estimates and forecasts, 2014 - 2025 (USD Million)

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