China Cannabis Extract Market Size & Outlook, 2023-2030
China cannabis extract market, 2018-2030 (US$M)
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China cannabis extract market highlights
- The China cannabis extract market generated a revenue of USD 158.5 million in 2023 and is expected to reach USD 1,029.5 million by 2030.
- The China market is expected to grow at a CAGR of 30.6% from 2024 to 2030.
- In terms of segment, oils was the largest revenue generating product in 2023.
- Oils is the most lucrative product segment registering the fastest growth during the forecast period.
Cannabis extract market data book summary
| Market revenue in 2023 | USD 158.5 million |
| Market revenue in 2030 | USD 1,029.5 million |
| Growth rate | 30.6% (CAGR from 2023 to 2030) |
| Largest segment | Oils |
| Fastest growing segment | Oils |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oils, Tinctures |
| Key market players worldwide | Tikun Olam Cannbit Pharmaceuticals Ltd, Canopy Growth Corp, Tilray Brands Inc, Aurora Cannabis Inc, The Cronos Group, OrganiGram Holdings Inc, Aphria Inc, Maricann Group |
Other key industry trends
- In terms of revenue, China accounted for 3.7% of the global cannabis extract market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cannabis extract market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 210.7 million by 2030.
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Cannabis Extract Market Scope
Cannabis Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 80.88% in 2023. Horizon Databook has segmented the China cannabis extract market based on oils, tinctures covering the revenue growth of each sub-segment from 2018 to 2030.
The competitive scenario in the country is evolving amidst changing regulations and growing interest. A mix of established players and new entrants are vying for a share of the burgeoning industry. Notable participants include pharmaceutical companies, research-driven enterprises, and startups, all offering various CBD and THC products.
The regulatory framework and consumer preferences are expected to continue to shape the market dynamics as it grows and matures, emphasizing navigating China's complex legal environment.
Reasons to subscribe to China cannabis extract market databook:
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Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China cannabis extract market databook
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Our clientele includes a mix of cannabis extract market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China cannabis extract market , including forecasts for subscribers. This country databook contains high-level insights into China cannabis extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China cannabis extract market size, by product, 2018-2030 (US$M)
China Cannabis Extract Market Outlook Share, 2023 & 2030 (US$M)
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