Croatia Cannabis Extract Market Size & Outlook, 2023-2030
Croatia cannabis extract market, 2018-2030 (US$M)
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Croatia cannabis extract market highlights
- The Croatia cannabis extract market generated a revenue of USD 1.5 million in 2023 and is expected to reach USD 9.4 million by 2030.
- The Croatia market is expected to grow at a CAGR of 30.5% 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 1.5 million |
| Market revenue in 2030 | USD 9.4 million |
| Growth rate | 30.5% (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
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK cannabis extract market is projected to lead the regional market in terms of revenue in 2030.
- Switzerland is the fastest growing regional market in Europe and is projected to reach USD 116.3 million by 2030.
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Cannabis Extract Market Scope
Cannabis Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
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Croatia 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% in 2023. Horizon Databook has segmented the Croatia cannabis extract market based on oils, tinctures covering the revenue growth of each sub-segment from 2018 to 2030.
Market players, such as Tilray, are adopting various strategic initiatives to expand their geographical footprint and consumer base. For instance, in June 2023, Tilray announced an agreement with the Croatia Institute of Immunology to distribute its products through pharmacies to individuals possessing medical marijuana prescriptions.
This is the first instance of legal export of medical cannabis products from a North American nation to a European country. This collaboration will commence with the availability of two types of Tilray Liquid capsules for patients. One variant contains an equal 5 milligrams of THC and CBD per capsule, while the other comprises 2.5 milligrams of THC and 2 milligrams of CBD per capsule.
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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 Croatia cannabis extract market , including forecasts for subscribers. This country databook contains high-level insights into Croatia cannabis extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Croatia cannabis extract market size, by product, 2018-2030 (US$M)
Croatia Cannabis Extract Market Outlook Share, 2023 & 2030 (US$M)
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