Market revenue in 2023 | USD 16.0 million |
Market revenue in 2030 | USD 113.0 million |
Growth rate | 32.2% (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 |
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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 80.63% in 2023. Horizon Databook has segmented the Italy cannabis extract market based on oils, tinctures covering the revenue growth of each sub-segment from 2018 to 2030.
Switzerland is one of the most progressive countries in Europe. The Swiss laws on cannabis possession and consumption have been relatively relaxed. In August 2022, Switzerland permitted the use of medical cannabis. Starting from August 1, 2022, patients can access medical cannabis with a doctor's prescription.
Prior to this new law, individuals in need of medical cannabis had to submit a request to the Federal Office of Public Health (FOPH), which is Switzerland's central authority for public health. This legalization also paves the way for the export of medical cannabis for commercial reasons.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy cannabis extract market , including forecasts for subscribers. This country databook contains high-level insights into Italy cannabis extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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