The global cannabis extract market size is expected to reach USD 23.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a 22.1% CAGR over the forecast period.
Growing preference for cannabis extracts such as oils and tinctures, rising legalization of marijuana in various countries, and increase in the adoption of medical marijuana for treatment of various chronic diseases such as Alzheimer’s, cancer, arthritis, and anxiety are key factors promoting cannabis concentrates market growth.The marijuana industry is booming due to increasing awareness about its medical benefits.
Decriminalization and/or legalization of medical marijuana in some countries has led to a significant decrease in the black market as people are resorting to legally purchasing marijuana for medical use.Cannabis oils and tinctures can be used for manufacturing edibles and topicals other than smoking.
These are generally used for treatment of conditions such as cancer, mental disorders, and nausea as well as for recreational purposes such as vaping.
In terms of legality, laws pertaining to medical marijuana extracts are much more lenient compared to that of dried buds, which involve smoking.
Further key findings from the report suggest:In 2018, oils held the largest revenue share of 65.7% owing to their ease of availability and low priceThe full spectrum segment was valued at USD 3.3 billion in 2018, owing to its entourage effect - a synergistic relationship between cannabinoids and terpenes that exhibits an increase in the healing properties of each cannabinoidMarijuana isolates are anticipated to emerge as the second largest type segment owing to its several advantages that have increased its adoption.
With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global cannabinoid therapy market as well as the factors responsible for such a growth.
Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the cannabinoid therapy market.
For enhancing readers’ experience, the report starts with a basic overview about the cannabinoid therapy market and its classification.Competitive Assessment The cannabinoid therapy market report includes global as well as emerging players:Zynerba PharmaceuticalsCannabics Pharmaceuticals Inc.GW Pharmaceuticals PLCEnectaAlpha-CATTeewinot Life SciencesTilrayGD PharmaCyrelian Pty Ltd.Cape Bouvard Technologies Pty LtdMedReleaf AustraliaAusCann Group Holdings Pty LtdThe insights for each vendor consists of:Company profileSWOT analysisMain market informationMarket shareRevenue, pricing and gross marginRequest Sample Report - https://www.factmr.com/connectus/sample?flag=S_id=2833 Regional Analysis Important regions covered in the cannabinoid therapy market report include:North AmericaLatin AmericaEuropeJapanThe cannabinoid therapy market report also provides data regarding the key countries in the defined regions.Segmentation AnalysisBy Product:OilsCapsulesIsolatesE-liquidsTopicalsOthersBy end use:HospitalsCancer CentersMilitary Healthcare SettingsRehabilitation CentersOthersWhat insights does the cannabinoid therapy market report provide to the readers?Cannabinoid therapy market fragmentation on the basis of product type, end use, and region.Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.Collaborations, R projects, acquisitions, and product launches of each cannabinoid therapy market player.Various regulations imposed by the governments on the consumption of cannabinoid therapy market in detail.Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global cannabinoid therapy market.Questionnaire answered in the cannabinoid therapy market report include:What is the present and future outlook of the global cannabinoid therapy market on the basis of region?What are the challenges and opportunities for the cannabinoid therapy market?Why the consumption of cannabinoid therapy market highest in region?In which year segment is expected to overtake segment?Request TOC of this Report - https://www.factmr.com/connectus/sample?flag=T_id=2833And many more … Â