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Cannabis Concentrate Market Size, Share Global Analysis Report, 2019–2026
Cannabis Concentrate Market By Product Type (Vape, Live Resins, Oil, Wax, Shatter, and Others), By End-Use (Recreational, Medical, Food Industry, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast 2019–2026
Industry Insights
Our analysts have included industry analysis models and extensively demonstrated the key business strategies and competitive landscape of the cannabis concentrate market in the report.
The report encompasses the forecast as well as an analysis of the cannabis concentrate market on a global and regional level. The study displays historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also described in the cannabis concentrate market report.
Key Insights from Primary Research
- Based on our primary research, the Global Cannabis Concentrate market is set to expand substantially at a rate of nearly 17%.
- Via details attained from our primary research, the global cannabis concentrate market surpassed the valuation of around USD 1,785 million in 2019.
- The primary respondents stated that North America anticipates capturing more than one-third revenue share of the global cannabis concentrate market in 2019. Thus the region is likely to grow at a maximum rate from 2020 to 2026.
- The “vape” category, according to our experts will lead in the product type segmentation since it held the leading position in terms of revenue in 2019.
- The “medical” category under end-use segmentation held more than half the share of the global market and thus it is likely to grow at a significant rate during the forecast period.
Key Recommendations from Analysts
- According to toouranalysis,the recreational cannabis-manufacturing industries are not going to propel considerably during the forecast period.
- The medical and R&D segment in the cannabis concentrate market is gaining popularity across the globe, particularly in the US. Therefore, analysts recommend clients invest in companies that manufacture cannabis for medical purposes.
- Analysts have specified that the Middle East and African region are least contributing to the global cannabis concentrate market owing to the stringent regulations prohibiting the consumption of cannabis within the region premises.
- Propelling at a considerable CAGR of around 17%, the global cannabis concentrate market opens new avenues for all of the key participants and investors across the value chain.
- Our analysts have recognized “medical” and “vape” as the prevalent revenue-generating categories for the global cannabis concentrate market in terms of end-user and product type segmentation, respectively.
Global Cannabis Concentrate Market Attractiveness – By Product Type Segment
The market research also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies employed by market competitors. It also encompasses SWOT analysis and PESTLE analysis.
The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the cannabis concentrate market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, collaborations, joint ventures, R&D activities, and global expansion of key players of the global cannabis concentrate market.
With rising health benefits such as the evident treatment of severe disorders, the global demand for the cannabis concentrate market is fueling at a substantial rate. Moreover, the list of cannabis-legalizing countries has been extending rapidly during the past few years, which is likely to drive the global cannabis concentrate market. However, the cannabis concentrate market is being hampered owing to the complex cannabis legalization regulatory structure.
For a comprehensive study, the analysts have segmented the global cannabis concentrate market by segmenting it based on product type, end-use, and regions. By product type, the market is segmented into vape, live resins, oil, wax, shatter, and others. By end-use, the market is categorized into the recreational, medical, food industry, and others. The regional segmentation includes the market forecast for North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1,785 Million |
Projected Market Size in 2026 |
USD 5,940 Million |
CAGR Growth Rate |
17% CAGR |
Base Year |
2019 |
Forecast Years |
2019-2026 |
Key Market Players |
Indiva Limited, Westleaf Inc., Canopy Growth Corporation, MediPharm Labs, Aurora Cannabis Inc., World Class Extractions Inc., Medical Marijuana Inc., Radient Technologies Inc., Neptune Wellness Solutions, StillCanna Inc., and Valens GroWorks Corporation. |
Key Segment |
By Product Type, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the key players fueling the global cannabis concentrate market are as follows:
- Indiva Limited
- Westleaf Inc.
- Canopy Growth Corporation
- MediPharm Labs
- Aurora Cannabis Inc.
- World Class Extractions Inc.
- Medical Marijuana Inc.
- Radient Technologies Inc.
- Neptune Wellness Solutions
- StillCanna Inc.
- Valens GroWorks Corporation.
The global cannabis concentrate market is segmented as:
By Product Type
- Vape
- Live Resins
- Oil
- Wax
- Shatter
- Others
By End-Use
- Recreational
- Medical
- Food Industry
- Others
Regional Analysis
- North America
- U.S
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of the Middle East & Africa
Key Pointers Addressed by the Report
- Historical data and forecast analysis of the market
- Drivers and Restraints affecting market dynamics
- Exhaustive analysis of the future market trends
- Comprehensive information about the leading market segments and region
- Strategic developments made by the competitive players and in-depth analysis of its impact on market growth
Table of Content
Industry Major Market Players
- Indiva Limited
- Westleaf Inc.
- Canopy Growth Corporation
- MediPharm Labs
- Aurora Cannabis Inc.
- World Class Extractions Inc.
- Medical Marijuana Inc.
- Radient Technologies Inc.
- Neptune Wellness Solutions
- StillCanna Inc.
- Valens GroWorks Corporation.
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