Global Cannabis Extract Market Size & Outlook, 2023-2030
Global cannabis extract market, 2018-2030 (US$M)
Related Markets
Global cannabis extract market highlights
- The global cannabis extract market generated a revenue of USD 4,339.5 million in 2023 and is expected to reach USD 15,514.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 20% by 2030.
- In terms of segment, oils accounted for a revenue of USD 2,715.0 million in 2023.
- Oils is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,339.5 million |
| Market revenue in 2030 | USD 15,514.3 million |
| Growth rate | 20% (CAGR from 2023 to 2030) |
| Largest segment | Oils |
| Fastest growing segment | Oils |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oils, Tinctures |
Other key industry trends
- In terms of revenue, the North America accounted for 77.4% of the global cannabis extract market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 8,190.1 million by 2030.
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Cannabis Extract Market Scope
Cannabis Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cannabis extract market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cannabis extract market will help companies and investors design strategic landscapes.
Oils was the largest segment with a revenue share of 62.56% in 2023. Horizon Databook has segmented the Global cannabis extract market based on oils, tinctures covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cannabis Extract Product Outlook (Revenue, USD Million, 2018-2030)
- Oils
- Tinctures
- Global Cannabis Extract Extract Type Outlook (Revenue, USD Million, 2018-2030)
- Full Spectrum
- Isolates
- Global Cannabis Extract Source Outlook (Revenue, USD Million, 2018-2030)
- Hemp
- Marijuana
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Our clientele includes a mix of cannabis extract market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global cannabis extract market , including forecasts for subscribers. This global databook contains high-level insights into Global cannabis extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global cannabis extract market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cannabis extract market size, 2023 (US$M)
Global cannabis extract market share, by product, 2023 & 2030 (%, US$M)
Cannabis extract market: Opportunity assessment by country
Global cannabis extract market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,803.1 | 2,205.0 | 1,538.0 | 2,156.9 | 2,730.1 | 3,358.9 | 4,057.3 | 4,746.0 | 5,527.6 | 6,424.4 | 7,447.6 | 8,419.0 | 9,326.3 | 15.7% |
| Europe | 108.7 | 269.3 | 179.8 | 254.4 | 333.3 | 427.2 | 540.5 | 663.6 | 804.2 | 981.1 | 1,191.2 | 1,421.4 | 1,654.2 | 21.3% |
| Asia Pacific | 89.9 | 116.0 | 112.9 | 133.1 | 162.0 | 210.7 | 265.7 | 361.2 | 499.7 | 719.3 | 1,061.5 | 1,347.3 | 1,642.9 | 34.1% |
| Latin America | 23.9 | 39.5 | 38.1 | 45.2 | 54.7 | 67.0 | 83.2 | 104.0 | 130.0 | 162.4 | 203.5 | 246.3 | 289.5 | 23.3% |
| MEA | 26.6 | 98.6 | 99.3 | 145.4 | 198.2 | 275.7 | 382.1 | 524.6 | 717.5 | 983.9 | 1,352.1 | 1,880.4 | 2,601.3 | 37.8% |
| Overall | 2,052.1 | 2,728.4 | 1,968.1 | 2,735.1 | 3,478.3 | 4,339.5 | 5,328.8 | 6,399.3 | 7,678.9 | 9,271.0 | 11,255.8 | 13,314.4 | 15,514.3 | 20.0% |
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