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Cannabis Market by Product Type (Flower, Concentrates), Compound (THC-Dominant, CBD-Dominant, and Balanced THC & CBD), Application (Medical and Recreational), and Region (North America, South America, Europe, and Row) - Global Forecast to 2023

  • ID: 4702071
  • Report
  • Region: Global, Europe, North America, United States
  • 150 Pages
  • Markets and Markets
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Growing Medicinal Application of Cannabis is Expected to Drive the Overall Growth of the Cannabis Market

FEATURED COMPANIES

  • Aphria Inc
  • Cannabis Science Inc
  • Chronos Group Inc
  • Maricann Group Inc
  • Medmen
  • Stenocare
  • MORE

Growing medicinal application of cannabis is expected to drive the overall growth of the cannabis market.

The cannabis market size is expected to grow from USD 10.3 billion in 2018 to USD 39.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.7% during the forecast period. The cannabis market is driven by various factors such as the growing medicinal application of cannabis and the increasing legalization of cannabis. However, a complex regulatory structure for the use of cannabis can hinder the growth of the market.

The concentrates segment is expected to grow at the highest CAGR during the forecast period.

The concentrates segment is the fastest-growing segment in the cannabis market, by product type. This is due to their ease in usage and their versatility in the method of delivery, such as dabbing, ingestible oils, and tinctures. Also, along with ingestion, concentrates can offer cleaner, smoother, and less-odiferous hits than flowers. Concentrates are being increasingly opted for over flowers, as these as more potent in nature. The potency of concentrates could also be modified as per requirement and usage, to evoke a higher consumer likeability.

The THC-dominant segment, by compound, is projected to hold the largest market share during the forecast period.

The THC-dominant segment is projected to hold the largest share and grow at the highest CAGR during the forecast period. The dominance of this segment is majorly attributed to the fact that THC is the psychoactive substance in cannabis products and is responsible for head high feeling. Even though high THC content is better known for its mind-altering euphoria, it has important medical benefits and is considered effective in relieving nausea, appetite loss, and insomnia.

North America is projected to be the dominant market during the forecast period.

The market in this region is primarily driven by the growth in the US and Canadian markets. The market in this region is driven by the increasing legalization of cannabis for both medical and recreational purposes all over North America and the increasing awareness among consumers regarding the health benefits of cannabis. The market is further fueled by the presence of major cannabis giants such as Canopy Growth Corporation, Aurora Cannabis Inc., and Medical Marijuana Inc., who are continuously investing and collaborating for the development of new products to fulfill the consumer demand.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the cannabis market. 

  • By Company Type: Tier 1: 30%, Tier 2: 40%, and Tier 3: 30%
  • By Designation: C-level Executives: 75%, and Managers: 25%
  • By Region: North America: 50%, South America: 20%, Europe: 20%, RoW: 10%

The cannabis market comprises major providers such as Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), Tikun Olam (Israel), Cannabis Science Inc. (US), Aphria Inc. (Canada), and Maricann Group Inc. (Canada) among others. The study includes an in-depth competitive analysis of these key players in the cannabis market, along with their company profiles, recent developments, and key market strategies.

Research Coverage:
The market study covers the cannabis market across various segments. It aims at estimating the market size and the growth potential of this market across different segments, on the basis of product type, application, compound, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall cannabis market and its subsegments. This report will help the stakeholders to understand the competitive landscape, to gain more insights to position their businesses better, and to plan suitable go-to-market strategies. The report will also help the stakeholders to understand the pulse of the market and will provide them with information on the key market drivers, restraints, challenges, and opportunities

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aphria Inc
  • Cannabis Science Inc
  • Chronos Group Inc
  • Maricann Group Inc
  • Medmen
  • Stenocare
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.4 Regions Covered
1.5 Periodization Considered
1.6 Currency Considered
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Data From Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.3 Data Triangulation
2.4 Assumptions for the Study
2.5 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Cannabis Market
4.2 Cannabis Market: Major Countries
4.3 Cannabis Market in North America, By Product Type & Country
4.4 Cannabis Market, By Application & Region
4.5 Cannabis Market, By Compound & Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Medicinal Application of Cannabis
5.2.1.2 Increasing Legalization of Cannabis
5.2.2 Restraints
5.2.2.1 Complex Regulatory Structure for the Usage of Cannabis
5.2.3 Opportunities
5.2.3.1 Product Development Via Research and Novel Product Delivery Solutions
5.2.4 Challenges
5.2.4.1 Declining Prices as Product Gets Commoditized
5.3 Value Chain: Cannabis Market
5.4 Global Regulatory Overview
5.5 Regulatory Overview, By Country
5.5.1 Us
5.5.1.1 Nevada
5.5.1.2 Colorado
5.5.1.3 Maine
5.5.1.4 California
5.5.1.5 Massachusetts
5.5.1.6 Alaska
5.5.1.7 Oregon
5.5.1.8 Washington
5.5.1.9 Washington DC
5.5.1.10 Vermont
5.5.2 Canada
5.5.3 Germany
5.5.4 Italy
5.5.5 Denmark
5.5.6 Czech Republic
5.5.7 Chile
5.5.8 Netherlands
5.5.9 Colombia
5.5.10 Uruguay
5.5.11 Australia
5.5.12 Israel

6 Cannabis Market, By Product Type
6.1 Introduction
6.2 Flower
6.2.1 Increasing Usage of Cannabis for Recreational Purposes is Expected to Fuel the Market Growth for These Products
6.3 Concentrates
6.3.1 A Wide Variety of Delivery Methods Have Made the Market for Cannabis Concentrates Extremely Favorable Amongst Consumers
6.4 Others
6.4.1 Large Number of Food & Beverage Manufacturing Companies Venturing Into the Cannabis-Infused Edibles Category Expected to Drive the Market Growth

7 Cannabis Market, By Application
7.1 Introduction
7.2 Medical
7.2.1 Increasing Usage of Cannabis for Pain, Neurological Health, and Mental Health Management is Driving the Market for Medical Cannabis
7.2.1.1 Pain Management
7.2.1.2 Neurological Health Management
7.2.1.3 Mental Health Management
7.2.1.4 Others
7.3 Recreational
7.3.1 Wider Legalization Status of Recreational Cannabis to Significantly Boost Market Growth

8 Cannabis Market, By Compound
8.1 Introduction
8.2 Tetrahydrocannabinol (THC)-Dominant
8.2.1 Increasing Legalization of Recreational Cannabis Could Help Propel the Market for THC-Dominant Cannabis Strains
8.3 Cannabidiol (CBD)-Dominant
8.3.1 Usage of Cannabidiol for Medicinal Applications is Driving the Market for CBD-Dominant Cannabis Products
8.4 Balanced THC & CBD
8.4.1 Balanced THC & CBD Strains Producing Effects, Which Help Diminish the Psychoactive Properties of THC, are Expected to Drive the Market Growth

9 Cannabis Market, By Region
9.1 Introduction
9.2 North America
9.2.1 Us
9.2.1.1 Growing Legalization of Both Medical and Recreational Cannabis in Several States to Drive the Market in the Us
9.2.2 Canada
9.2.2.1 Legalization of Recreational Cannabis to Drive the Market in Canada
9.2.3 Mexico
9.2.3.1 Legalization of Medical Cannabis to Drive the Mexican Market
9.3 South America
9.3.1 Chile
9.3.1.1 Increasing Awareness Among Consumers About the Benefits of Medical Cannabis in the Treatment of Chronic Pain, Seizures, and Nausea is Driving the Market in Chile
9.3.2 Colombia
9.3.2.1 A High Percentage of Population Suffering From Chronic Diseases is Driving the Colombian Cannabis Market
9.3.3 Uruguay
9.3.3.1 The Fully Legalized Cannabis Industry With Eased Regulations is Driving the Market in Uruguay
9.3.4 Rest of South America
9.3.4.1 Legalization of Medical Cannabis is the Major Driver for the Market in the Rest of South America
9.4 Europe
9.4.1 Germany
9.4.1.1 Complete Health Insurance Coverage for the Use of Medical Cannabis is Driving the German Market
9.4.2 Italy
9.4.2.1 Increase in Demand for Cannabis Coupled With the Issuance of Import Licenses to Drive Growth in the Italian Cannabis Market
9.4.3 France
9.4.3.1 The Healthcare System in France is Driving the Market Growth
9.4.4 The Netherlands
9.4.4.1 Strong Supporting Infrastructure of Pharmacies is Driving the Market in the Netherlands
9.4.5 Rest of Europe
9.4.5.1 Legalization of Medical Cannabis is the Major Driver for the Market in the Rest of Europe
9.5 Rest of the World (RoW)
9.5.1 Israel
9.5.1.1 Agricultural & Technical Innovations Coupled With Liberal Government Policies to Drive the Market in Israel
9.5.2 Australia
9.5.2.1 Improved Access to Medical Cannabis is Projected to Drive the Market in Australia

10 Competitive Landscape
10.1 Overview
10.2 Key Market Strategies
10.3 Ranking of Key Players, 2018
10.4 Investment Overview
10.5 Competitive Scenario
10.5.1 Agreements, Collaborations, Joint Ventures, and Partnerships
10.5.2 New Product Launches
10.5.3 Expansions & Investments
10.5.4 Acquisitions

11 Company Profiles
11.1 Canopy Growth Corporation
11.2 Aurora Cannabis Inc.
11.3 Medmen
11.4 Terra Tech Corp.
11.5 Aphria Inc.
11.6 Vivo Cannabis Inc.
11.7 Chronos Group Inc.
11.8 Medical Marijuana, Inc.
11.9 Stenocare
11.10 Tikun Olam
11.11 Organigrams Holding Inc.
11.12 Cannabis Science Inc.
11.13 Maricann Group Inc.
11.14 Tilray Inc
11.15 Hexo

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

List of Tables
Table 1 US Dollar Exchange Rates Considered, 2015–2018
Table 2 Cannabis Market Snapshot, 2018 vs 2023
Table 3 Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 4 Flower Market Size, By Region, 2016–2023 (USD Million)
Table 5 Concentrates Market Size, By Region, 2016–2023 (USD Million)
Table 6 Others Market Size, By Region, 2016–2023 (USD Million)
Table 7 Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 8 Medical Cannabis Market Size, By Region, 2016–2023 (USD Million)
Table 9 Recreational Cannabis Market Size, By Region, 2016–2023 (USD Million)
Table 10 Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 11 THC-Dominant Cannabis Market Size, By Region, 2016–2023 (USD Million)
Table 12 CBD-Dominant Cannabis Market Size, By Region, 2016–2023 (USD Million)
Table 13 Balanced THC & CBD Cannabis Market Size, By Region, 2016–2023 (USD Million)
Table 14 Cannabis Market Size, By Region, 2016–2023 (USD Million)
Table 15 North America: Cannabis Market Size, By Country, 2016–2023 (USD Million)
Table 16 North America: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 17 North America: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 18 North America: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 19 US: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 20 US: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 21 US: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 22 Canada: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 23 Canada: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 24 Canada: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 25 Mexico: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 26 Mexico: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 27 Mexico: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 28 South America: Cannabis Market Size, By Country, 2016–2023 (USD Million)
Table 29 South America: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 30 South America: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 31 South America: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 32 Chile: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 33 Chile: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 34 Chile: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 35 Colombia: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 36 Colombia: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 37 Colombia: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 38 Uruguay: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 39 Uruguay: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 40 Uruguay: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 41 Rest of South America: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 42 Rest of South America: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 43 Rest of South America: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 44 Europe: Cannabis Market Size, By Country, 2016–2023 (USD Million)
Table 45 Europe: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 46 Europe: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 47 Europe: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 48 Germany: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 49 Germany: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 50 Germany: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 51 Italy: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 52 Italy: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 53 Italy: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 54 France: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 55 France: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 56 France: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 57 The Netherlands: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 58 The Netherlands: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 59 The Netherlands: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 60 Rest of Europe: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 61 Rest of Europe: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 62 Rest of Europe: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 63 RoW: Cannabis Market Size, By Country, 2016-2023 (USD Million)
Table 64 RoW: Cannabis Market Size, By Product Type, 2016-2023 (USD Million)
Table 65 RoW: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 66 RoW: Cannabis Market Size, By Compound, 2016-2023 (USD Million)
Table 67 Israel: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 68 Israel: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 69 Israel: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 70 Australia: Cannabis Market Size, By Product Type, 2016–2023 (USD Million)
Table 71 Australia: Cannabis Market Size, By Application, 2016–2023 (USD Million)
Table 72 Australia: Cannabis Market Size, By Compound, 2016–2023 (USD Million)
Table 73 Agreements, Collaborations, Joint Ventures, and Partnerships, 2013–2018
Table 74 New Product Launches, 2013–2018
Table 75 Expansions & Investments, 2013–2018
Table 76 Acquisitions, 2013–2018

List of Figures
Figure 1 Cannabis Market: Research Design
Figure 2 Cannabis Market: Bottom-Up Approach
Figure 3 Cannabis Market: Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Cannabis Market Size, By Product Type, 2018 vs 2023 (USD Million)
Figure 6 Cannabis Market Size, By Application, 2018 vs 2023 (USD Million)
Figure 7 Cannabis Market Size, By Compound, 2018 vs 2023 (USD Million)
Figure 8 Cannabis Market Share (Value), By Region, 2017
Figure 9 Growing Medicinal Application of Cannabis and Increasing Legalization of Cannabis to Drive the Demand for Cannabis
Figure 10 Germany to Grow at the Highest CAGR During the Forecast Period
Figure 11 US Accounted for the Largest Share of the North American Market for Cannabis in Terms of Country While the Flower Segment Dominated in Terms of Product Type in 2017
Figure 12 North America Dominated the Cannabis Market Across Both Applications Through 2023
Figure 13 THC Dominant Segment to Grow at the Highest CAGR During the Forecast Period
Figure 14 Cannabis Market Dynamics
Figure 15 Value Chain: Cannabis Market
Figure 16 Global Cannabis Regulatory Overview Indicating Legality of Medical and Recreational Cannabis
Figure 17 New Revenue Pockets for the Cannabis Market
Figure 18 US Cannabis Regulatory Overview
Figure 19 Cannabis Market Share, By Product Type, 2018 vs 2023
Figure 20 Cannabis Market Share, By Application, 2018 vs 2023
Figure 21 Cannabis Market Share, By Compound, 2018 vs 2023
Figure 22 US Accounted for the Largest Share of the Cannabis Market in 2017
Figure 23 North America: Cannabis Market Snapshot
Figure 24 Europe: Cannabis Market Snapshot
Figure 25 Key Developments By Leading Players in the Cannabis Market, 2013-2018
Figure 26 Number of Developments Between 2018 and 2016
Figure 27 Canopy Growth Corporation, Led the Cannabis Market in 2018
Figure 28 Investment Overview
Figure 29 Canopy Growth Corporation: Company Snapshot
Figure 30 Canopy Growth Corporation: SWOT Analysis
Figure 31 Aurora Cannabis Inc.: Company Snapshot
Figure 32 Aurora Cannabis Inc.: SWOT Analysis
Figure 33 Medmen: Company Snapshot
Figure 34 Medmen: SWOT Analysis
Figure 35 Terra Tech Corp.: Company Snapshot
Figure 36 Terra Tech Corp.: SWOT Analysis
Figure 37 Aphria Inc.: Company Snapshot
Figure 38 Aphria Inc.: SWOT Analysis
Figure 39 Vivo Cannabis Inc.: Company Snapshot
Figure 40 Chronos Group Inc.: Company Snapshot
Figure 41 Medical Marijuana Inc.: Company Snapshot
Figure 42 Organigrams Holding Inc.: Company Snapshot
Figure 43 Maricann Group Inc. Growth: Company Snapshot
Figure 44 Hexo: Company Snapshot

Note: Product cover images may vary from those shown
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  • Aphria Inc
  • Aurora Cannabis Inc
  • Cannabis Science Inc
  • Canopy Growth Corporation
  • Chronos Group Inc
  • Hexo
  • Maricann Group Inc
  • Medical Marijuana, Inc
  • Medmen
  • Organigrams Holding Inc
  • Stenocare
  • Terra Tech Corp
  • Tikun Olam
  • Tilray Inc
  • Vivo Cannabis Inc
Note: Product cover images may vary from those shown
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