The cannabis extract market size has grown exponentially in recent years. It will grow from $12.6 billion in 2025 to $15.13 billion in 2026 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to increasing legalization of hemp-derived products, rising consumer demand for natural therapeutics, expansion of CBD oil production, growth of cosmetic ingredient applications, availability of commercial extraction technologies.
The cannabis extract market size is expected to see rapid growth in the next few years. It will grow to $30.83 billion in 2030 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period can be attributed to increasing pharmaceutical utilization of cannabis extracts, rising investments in GMP-compliant extraction facilities, expansion of regulated cannabis product markets, growing demand for high-purity extracts, increasing integration into wellness and personal care products. Major trends in the forecast period include increasing demand for full-spectrum cannabis extracts, rising use of cannabis extracts in pharmaceuticals, growing adoption in cosmetic and wellness products, expansion of standardized extraction processes, enhanced quality control and traceability.
The rising prevalence of cancer is expected to drive the growth of the cannabis extract market in the coming years. Cancer occurs when some of the body's cells grow uncontrollably and spread to other parts of the body. Cannabis extract assists in managing symptoms in cancer patients, including neuropathy, nausea, pain, vomiting, appetite loss, and weight loss. It also influences cancer progression by promoting autophagy and modulating signaling pathways that lead to apoptosis. For example, in May 2024, the National Institutes of Health, a US government agency, projected that 2,001,140 new cancer cases would be diagnosed in the United States, with 611,720 individuals expected to die from the disease. Consequently, the increasing incidence of cancer is fueling the growth of the cannabis extract market.
Major companies in the cannabis extract market are concentrating on developing innovative solutions, such as medical cannabis oil products, to meet the growing demand in both therapeutic and wellness sectors. Medical cannabis oil products are oils derived from the cannabis plant that contain active cannabinoids, such as cannabidiol (CBD) and tetrahydrocannabinol (THC), used for therapeutic purposes. For example, in May 2024, Stenocare A/S, a Denmark-based pharmaceutical company, introduced its next-generation medical cannabis oil product, Astrum 10-10, which has received regulatory approval for sales in Australia and Germany. This product aims to establish new pharmaceutical-grade standards for efficacy and potency in medical cannabis. The launch is part of STENOCARE's broader strategy to improve patient access to high-quality prescription-based medical cannabis. Initial sales of this product are expected in Q4 2024, demonstrating STENOCARE's commitment to product innovation and market growth in the evolving medical cannabis landscape.
In December 2024, Organigram, a Canada-based cannabis producer, acquired Motif for an undisclosed amount. Through this acquisition, Organigram aims to become Canada’s largest cannabis company by market share, increase its production capacity, diversify its product portfolio, improve distribution capabilities, and reinforce its position in the recreational and medical cannabis markets. Motif is a Canada-based cannabis company focused on premium cannabis products and innovative brand offerings.
Major companies operating in the cannabis extract market are Canopy Growth Corporation, Tikun Olam, Aurora Cannabis Inc., Aphria Inc., Tilray Inc., GW Pharmaceuticals PLC, The Cronos Group, Elixinol Global Limited, Medipharm Labs Corp., The Valens Company Inc., Curaleaf Holdings Inc., Green Thumb Industries, Verano Holdings, Trulieve Cannabis Corp., Cresco Labs Inc., Delta 9 Cannabis Inc., BZAM Ltd., Sundial Growers Inc., Auxly Cannabis Group, Red White & Bloom Brands, Jazz Pharmaceuticals PLC, Organigram Inc., MedReleaf Corp., Terrascend Corp.
North America was the largest region in the cannabis extract market in 2025. The regions covered in the cannabis extract market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cannabis extract market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Tariffs are impacting the cannabis extract market by increasing costs of imported extraction machinery, solvents, filtration systems, laboratory testing equipment, and compliant packaging materials. Pharmaceutical and cosmetic manufacturers in North America and Europe are most affected due to reliance on imported processing technologies, while Asia-Pacific faces pricing pressure on export-driven extract production. These tariffs are increasing capital investment requirements and production costs. However, they are also driving domestic extraction capacity expansion, local equipment sourcing, and regional value chain strengthening.
The cannabis extract market research report is one of a series of new reports that provides cannabis extract market statistics, including cannabis extract industry global market size, regional shares, competitors with a cannabis extract market share, detailed cannabis extract market segments, market trends and opportunities, and any further data you may need to thrive in the cannabis extract industry. This cannabis extract market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Cannabis extract is a compound derived from the cannabis plant known as cannabidiol (CBD). It is typically an oil that manufacturers incorporate into various products, such as creams and lotions, and people use CBD extract for treating a variety of conditions.
The primary types of cannabis extract are oils and tinctures. Oils in the cannabis extract market refer to an oleoresin obtained from cannabis, including hemp and marijuana plants. The main forms of extracts are full-spectrum extracts and cannabis isolates derived from hemp and marijuana. Cannabis extracts are distributed through hospital pharmacies, retail pharmacies, and online pharmacies and are used in the textile, cosmetic, pharmaceutical, and paper industries.
The cannabis extract market consists of sales shatter, wax and hash. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The cannabis extract market size is expected to see rapid growth in the next few years. It will grow to $30.83 billion in 2030 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period can be attributed to increasing pharmaceutical utilization of cannabis extracts, rising investments in GMP-compliant extraction facilities, expansion of regulated cannabis product markets, growing demand for high-purity extracts, increasing integration into wellness and personal care products. Major trends in the forecast period include increasing demand for full-spectrum cannabis extracts, rising use of cannabis extracts in pharmaceuticals, growing adoption in cosmetic and wellness products, expansion of standardized extraction processes, enhanced quality control and traceability.
The rising prevalence of cancer is expected to drive the growth of the cannabis extract market in the coming years. Cancer occurs when some of the body's cells grow uncontrollably and spread to other parts of the body. Cannabis extract assists in managing symptoms in cancer patients, including neuropathy, nausea, pain, vomiting, appetite loss, and weight loss. It also influences cancer progression by promoting autophagy and modulating signaling pathways that lead to apoptosis. For example, in May 2024, the National Institutes of Health, a US government agency, projected that 2,001,140 new cancer cases would be diagnosed in the United States, with 611,720 individuals expected to die from the disease. Consequently, the increasing incidence of cancer is fueling the growth of the cannabis extract market.
Major companies in the cannabis extract market are concentrating on developing innovative solutions, such as medical cannabis oil products, to meet the growing demand in both therapeutic and wellness sectors. Medical cannabis oil products are oils derived from the cannabis plant that contain active cannabinoids, such as cannabidiol (CBD) and tetrahydrocannabinol (THC), used for therapeutic purposes. For example, in May 2024, Stenocare A/S, a Denmark-based pharmaceutical company, introduced its next-generation medical cannabis oil product, Astrum 10-10, which has received regulatory approval for sales in Australia and Germany. This product aims to establish new pharmaceutical-grade standards for efficacy and potency in medical cannabis. The launch is part of STENOCARE's broader strategy to improve patient access to high-quality prescription-based medical cannabis. Initial sales of this product are expected in Q4 2024, demonstrating STENOCARE's commitment to product innovation and market growth in the evolving medical cannabis landscape.
In December 2024, Organigram, a Canada-based cannabis producer, acquired Motif for an undisclosed amount. Through this acquisition, Organigram aims to become Canada’s largest cannabis company by market share, increase its production capacity, diversify its product portfolio, improve distribution capabilities, and reinforce its position in the recreational and medical cannabis markets. Motif is a Canada-based cannabis company focused on premium cannabis products and innovative brand offerings.
Major companies operating in the cannabis extract market are Canopy Growth Corporation, Tikun Olam, Aurora Cannabis Inc., Aphria Inc., Tilray Inc., GW Pharmaceuticals PLC, The Cronos Group, Elixinol Global Limited, Medipharm Labs Corp., The Valens Company Inc., Curaleaf Holdings Inc., Green Thumb Industries, Verano Holdings, Trulieve Cannabis Corp., Cresco Labs Inc., Delta 9 Cannabis Inc., BZAM Ltd., Sundial Growers Inc., Auxly Cannabis Group, Red White & Bloom Brands, Jazz Pharmaceuticals PLC, Organigram Inc., MedReleaf Corp., Terrascend Corp.
North America was the largest region in the cannabis extract market in 2025. The regions covered in the cannabis extract market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cannabis extract market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Tariffs are impacting the cannabis extract market by increasing costs of imported extraction machinery, solvents, filtration systems, laboratory testing equipment, and compliant packaging materials. Pharmaceutical and cosmetic manufacturers in North America and Europe are most affected due to reliance on imported processing technologies, while Asia-Pacific faces pricing pressure on export-driven extract production. These tariffs are increasing capital investment requirements and production costs. However, they are also driving domestic extraction capacity expansion, local equipment sourcing, and regional value chain strengthening.
The cannabis extract market research report is one of a series of new reports that provides cannabis extract market statistics, including cannabis extract industry global market size, regional shares, competitors with a cannabis extract market share, detailed cannabis extract market segments, market trends and opportunities, and any further data you may need to thrive in the cannabis extract industry. This cannabis extract market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Cannabis extract is a compound derived from the cannabis plant known as cannabidiol (CBD). It is typically an oil that manufacturers incorporate into various products, such as creams and lotions, and people use CBD extract for treating a variety of conditions.
The primary types of cannabis extract are oils and tinctures. Oils in the cannabis extract market refer to an oleoresin obtained from cannabis, including hemp and marijuana plants. The main forms of extracts are full-spectrum extracts and cannabis isolates derived from hemp and marijuana. Cannabis extracts are distributed through hospital pharmacies, retail pharmacies, and online pharmacies and are used in the textile, cosmetic, pharmaceutical, and paper industries.
The cannabis extract market consists of sales shatter, wax and hash. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Cannabis Extract Market Characteristics
3. Cannabis Extract Market Supply Chain Analysis
4. Global Cannabis Extract Market Trends and Strategies
5. Cannabis Extract Market Analysis of End Use Industries
7. Global Cannabis Extract Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Cannabis Extract Total Addressable Market (TAM) Analysis for the Market
9. Cannabis Extract Market Segmentation
10. Cannabis Extract Market Regional and Country Analysis
11. Asia-Pacific Cannabis Extract Market
12. China Cannabis Extract Market
13. India Cannabis Extract Market
14. Japan Cannabis Extract Market
15. Australia Cannabis Extract Market
16. Indonesia Cannabis Extract Market
17. South Korea Cannabis Extract Market
18. Taiwan Cannabis Extract Market
19. South East Asia Cannabis Extract Market
20. Western Europe Cannabis Extract Market
21. UK Cannabis Extract Market
22. Germany Cannabis Extract Market
23. France Cannabis Extract Market
24. Italy Cannabis Extract Market
25. Spain Cannabis Extract Market
26. Eastern Europe Cannabis Extract Market
27. Russia Cannabis Extract Market
28. North America Cannabis Extract Market
29. USA Cannabis Extract Market
30. Canada Cannabis Extract Market
31. South America Cannabis Extract Market
32. Brazil Cannabis Extract Market
33. Middle East Cannabis Extract Market
34. Africa Cannabis Extract Market
36. Cannabis Extract Market Competitive Landscape and Company Profiles
37. Cannabis Extract Market Other Major and Innovative Companies
40. Cannabis Extract Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Cannabis Extract Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses cannabis extract market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for cannabis extract? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The cannabis extract market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Product Type: Oils; Tinctures2) By Extract Type: Full Spectrum Extracts; Cannabis Isolates
3) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
4) By Application: Cosmetic; Pharmaceutical
Subsegments:
1) By Oils: CBD Oils; Full-Spectrum Oils2) By Tinctures: CBD Tinctures; Herbal Infused Tinctures
Companies Mentioned: Canopy Growth Corporation; Tikun Olam; Aurora Cannabis Inc.; Aphria Inc.; Tilray Inc.; GW Pharmaceuticals PLC; The Cronos Group; Elixinol Global Limited; Medipharm Labs Corp.; The Valens Company Inc.; Curaleaf Holdings Inc.; Green Thumb Industries; Verano Holdings; Trulieve Cannabis Corp.; Cresco Labs Inc.; Delta 9 Cannabis Inc.; BZAM Ltd.; Sundial Growers Inc.; Auxly Cannabis Group; Red White & Bloom Brands; Jazz Pharmaceuticals PLC; Organigram Inc.; MedReleaf Corp.; Terrascend Corp.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Cannabis Extract market report include:- Canopy Growth Corporation
- Tikun Olam
- Aurora Cannabis Inc.
- Aphria Inc.
- Tilray Inc.
- GW Pharmaceuticals PLC
- The Cronos Group
- Elixinol Global Limited
- Medipharm Labs Corp.
- The Valens Company Inc.
- Curaleaf Holdings Inc.
- Green Thumb Industries
- Verano Holdings
- Trulieve Cannabis Corp.
- Cresco Labs Inc.
- Delta 9 Cannabis Inc.
- BZAM Ltd.
- Sundial Growers Inc.
- Auxly Cannabis Group
- Red White & Bloom Brands
- Jazz Pharmaceuticals PLC
- Organigram Inc.
- MedReleaf Corp.
- Terrascend Corp.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | February 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 15.13 Billion |
| Forecasted Market Value ( USD | $ 30.83 Billion |
| Compound Annual Growth Rate | 19.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
