Germany Cannabis Extract Market Size & Outlook, 2023-2030
Germany cannabis extract market, 2018-2030 (US$M)
Related Markets
Germany cannabis extract market highlights
- The Germany cannabis extract market generated a revenue of USD 15.0 million in 2023 and is expected to reach USD 77.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 26.5% 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 15.0 million |
| Market revenue in 2030 | USD 77.9 million |
| Growth rate | 26.5% (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
- In terms of revenue, Germany accounted for 0.3% 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 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 |
|---|
Germany 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 81.33% in 2023. Horizon Databook has segmented the Germany cannabis extract market based on oils, tinctures covering the revenue growth of each sub-segment from 2018 to 2030.
Prominent players in the market, such as alephSana, AURORA CANNABIS INC., Cannamedical Pharma GmbH, and Cannovum Cannabis AG, are fueling the market. These players adopt various strategies, such as collaborations, expansions, new product launches, and acquisitions, to expand their market position. For instance, in April 2022, Dr. Reddy's Laboratories Ltd. and MediCane Health, Inc. announced the launch of their medical cannabis product in Germany.
Under this partnership, MediCane will be responsible for the supply of medical cannabis products to Dr. Reddy's, sourcing from its EU-GMP-certified production facilities in Portugal. In addition, MediCane extended its support in terms of logistics and regulatory requirements. As the exclusive distributor of these medical cannabis products in Germany, Dr. Reddy's will market them under its brand.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany cannabis extract market , including forecasts for subscribers. This country databook contains high-level insights into Germany cannabis extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany cannabis extract market size, by product, 2018-2030 (US$M)
Germany Cannabis Extract Market Outlook Share, 2023 & 2030 (US$M)
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