Cannabis Concentrate Market Size, Trends and Insights By Type (Live Resins, Wax, Oil, Chatter, Vape), By End User (Medical, Recreational Next, Food Industry), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI17255

Published Date: August 2022

Pages: 220+

Category: Pharmaceuticals

Reports Description

The cannabis concentrate market had touched USD 3.94 billion in the year 2021 and is expected to rise to around USD 18.5 billion by the end of 2030 at a compound annual growth rate of 25.04%. The cannabis concentrate is obtained from a variety of flowering plants which has seen its application since ancient times.

Cannabis Concentrate Market Size

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The major medicinal properties which are obtained from these flowers help to treat a number of chronic diseases that do not show sufficient reactivity to other traditional medicines. The number of people belonging to the geriatric population is rising rapidly as a result of the increasing life expectancy of the people the modern healthcare facilities which are provided by the government in terms of reimbursement facilities through the insurance companies have enabled the people to take advantage of the advanced health care facilities. This has increased the number of people suffering from chronic diseases and other ailments.

As a result of this, the application of medicines obtained from marijuana has been seen in the current market. The concentrate that is obtained from the flowers of cannabis rose is a major component that contains the active principles of the entire plant. These active principles prove to be of great therapeutic importance for the treatment of a variety of diseases. The restrictions and strict norms which are imposed by the government of various nations regarding the sale and distribution of cannabis concentrate and its products prove to be a restraining factor for the growth of the market.

The outbreak of the pandemic had a considerable impact on the demand and supply of the cannabis concentrate market as a result of the strict lockdown and restricted movement imposed by the government. This step was taken in order to control the spread of infection but it hampered the regular customers who consumed cannabis products on a daily basis. the potential customers faced a major setback as a result of the restrictions imposed by the government.

The post-pandemic duration however helped the market to regain its momentum due to the rapid boost experienced in terms of demand and supply. Other than smoking, cannabis concentrates are made use of in the manufacturing industries of the pharmaceutical sector where constant research and development are taking place in order to introduce new and advanced medicines into society in order to treat a number of chronic diseases that do not find their solution in the already present lines of treatment.

Growth Factors

Many countries across the world have legalized the sale and distribution of marijuana and cannabis concentrate products which has proved to be a major growth factor for the market. Various health benefits that are obtained from these cannabis products are still unknown to a huge number of people which has resulted in the creation of false myths about the effects of the medicines and products which are obtained from the concentrate. The increasing awareness among the people regarding cannabis products and the beneficial factors related to cannabinoids has helped the market to record significant growth over a period of time.

A huge number of populations all over the world are suffering with the complaint of severe pain which does not find a permanent solution in the modern system of medicine. This campaign has found a suitable reply with the help of cannabis products which helps to manage a chronic pattern of pain in the body. The process by which the concentrate of cannabis flowers is obtained has also been modified and developed with the increasing research and development by the key market players.

The temperature at which the concentrate is obtained from the cannabis flowers is very different as compared to the temperature which burns out the original flower of cannabis. This has given rise to the development of vaporizers which helps to obtain the concentrate by maintaining the active principles of the substance and do not harm the medicinal properties of cannabis. The recent advancements made by the key market players in the field of vaporizers have given rise to sophisticated patterns of vaporizers which provide great results by maintaining the integrity of the main substance. Many countries all over the world have legalized the sale and distribution of cannabis and its products after realizing the benefits which are obtained from it.

This has led to large-scale supply and production of cannabis products and distribution, especially among the developed nations.

The countries belonging to the Asia Pacific region have restricted the use of cannabis and its components for certain reasons which has hampered the growth of the market to a considerable extent. On the other hand, many developed countries have granted permission for the use of cannabis products in order to obtain they are beneficial properties. Certain rules and regulations have been sanctioned by the government through which the people can cultivate a small number of plants of cannabis in a household set-up with the help of a permit and conduct sales and supply. This step has majorly boosted the production of cannabis all over the world in many parts of the country where this rule has been applied.

Cannabis Concentrate Market (By End User)

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Segmental insights

Segmentation of cannabis concentrates market on the basis of product type

On the basis of product type, vaping is considered to hold the largest share as a result of the huge demand experienced in the market. It proves to be the fastest growing variety under this segment during the present market trend and is expected to continue the same phase in the future. The various products that are available under the label of shatter category have been considered the purest form obtained from cannabis flowers. This is the type of concentrate that is obtained in its purest conditions as it contains around 60 to 90 percent of the components found in the actual flower of cannabis. The other products which are distributed in the market under this segment include live resins which have experienced a great demand from the people.

Oil and wax form the next type of products that are distributed under this segment on a huge scale as a result of the increasing demand for natural products in the market. Based on the recent demand in the market the segment of vape sprinted the maximum growth and is foreseen to continue its performance in the coming times as well as a result of the increasing demand for quality products among the potential consumers in the market.

Oil and wax are used as local applications which help to reduce the severe chronic pain which patients are suffering with. Increasing demand for marijuana and its components among the people has propelled the size of the market to a great extent and it’s foreseen to grow further during the forecast period. Oil and wax have been used in the manufacturing process of many creams and lotions according to the texture and type of the skin which provides greater benefits as a result of the cannabis component contained in the application. Local applications have proved to be a major growth factor as it attracts a huge crowd who purchase medicines and drugs over the counter without a prescription.

Segmentation of cannabis concentrates market on the basis of end-user

On the basis of end-user, the pharmaceutical sector has shown maximum growth as a result of the rapid research and development which has taken place in the field of medicine in order to develop advanced drugs with a view to treating a huge number of chronic diseases prevalent among the people residing in the developed countries. A huge number of chronic diseases such as cancer, epilepsy and any neurological disorders find their solutions with the help of cannabis concentrate in the form of medicines. The recreational industry has shown the fastest growth as a result of the rapid legalization process which has been carried out in many countries all over the globe.

The food industry has also recorded considerable growth as a result of the rapid use of flavors and test makers in the hotel industry. Cannabis components are used in the form of beverages and drinks and the food industry which proves to be a major factor in the growth of the market during the forecast period. The other sectors which have shown considerable growth in the cannabis concentrate market include and the people who prefer to smoke the active principles of this medicinal substance in order to stimulate themselves. In this case, multiple numbers of side effects are experienced by the consumer which proves to be a negative factor for the market.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 3.94 Billion
Projected Market Size in 2030 USD 18.5 Billion
CAGR Growth Rate 25.04% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Indiva Limited, Westleaf Inc., Aurora Cannabis Inc., World Class Extractions Inc., Medical Marijuana Inc., Canopy Growth Corporation, MediPharm Labs, Radient Technologies Inc., Neptune Wellness Solutions, Valens GroWorks Corporation., StillCanna Inc., and Others
Key Segment By Type, End User, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Regional Insights

On the basis of geography, the region of North America has shown the maximum growth as a result of the huge demand and supply that takes place of cannabis products as a result of the legalization rules which have been imposed regarding the use of this substance.

The rapid research and development which is carried out by the key market players in order to understand the medicinal benefits, as well as the side effects caused due to the medicine, has helped the market to record substantial growth and on potential consumers in order to maintain the long-term sales of the products. The region of Asia Pacific countries has shown unlimited growth as a result of the constant restrictions and rules which are imposed on the utilization of components.

The region of Canada has also recently granted legalization to the use of cannabis products in order to take benefit of the medicinal properties and active principles contained in the plant. The region of South America has also contributed sufficiently to the growth of the market as a result of the increasing demand for cannabis concentrates from the people. The region of Asia Pacific has contributed only to a certain limit as a result of the strict rules and regulations laid down by the government. The Middle Eastern region has also shown a tremendous demand for cannabis concentrates keeping in mind the beneficial factors it provides us with.

Cannabis Concentrate Market (trends by region)

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Recent Developments

  • In April 2021 – the supreme cannabis corporation was taken over by canopy growth company and what disclosure was made regarding an agreement between them in order to expand the reach of the company? The aim was to make a significant place in the global market.

Segments covered in the report on the cannabis concentrate market

On the basis of Type

  • Live resins
  • Wax
  • Oil
  • Chatter
  • Vape

On the basis of End User

  • Medical
  • Recreational next
  • Food industry

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Cannabis Concentrate Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Cannabis Concentrate Market: snapshot
  • Chapter 3. Global Cannabis Concentrate Market – Industry Analysis
    • 3.1 Cannabis Concentrate Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Many countries legalized the sale and distribution of marijuana
      • 3.2.2 Growing awareness among the people regarding the cannabis products
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By End User
  • Chapter 4. Global Cannabis Concentrate Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Cannabis Concentrate Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Cannabis Concentrate Market – Type Analysis
    • 5.1 Global Cannabis Concentrate Market overview: By Type
      • 5.1.1 Global Cannabis Concentrate Market share, By Type, 2021 and 2030
    • 5.2 Live Resins
      • 5.2.1 Global Cannabis Concentrate Market by Live Resins, 2022 – 2030 (USD Billion)
    • 5.3 Wax
      • 5.3.1 Global Cannabis Concentrate Market by Wax, 2022 – 2030 (USD Billion)
    • 5.4 Oil
      • 5.4.1 Global Cannabis Concentrate Market by Oil, 2022 – 2030 (USD Billion)
    • 5.5 Chatter
      • 5.5.1 Global Cannabis Concentrate Market by Chatter, 2022 – 2030 (USD Billion)
    • 5.6 Vape
      • 5.6.1 Global Cannabis Concentrate Market by Vape, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Cannabis Concentrate Market – End User Analysis
    • 6.1 Global Cannabis Concentrate Market overview: By End User
      • 6.1.1 Global Cannabis Concentrate Market share, By End User, 2021 and 2030
    • 6.2 Medical
      • 6.2.1 Global Cannabis Concentrate Market by Medical, 2022 – 2030 (USD Billion)
    • 6.3 Recreational Next
      • 6.3.1 Global Cannabis Concentrate Market by Recreational Next, 2022 – 2030 (USD Billion)
    • 6.4 Food Industry
      • 6.4.1 Global Cannabis Concentrate Market by Food Industry, 2022 – 2030 (USD Billion)
  • Chapter 7. Cannabis Concentrate Market – Regional Analysis
    • 7.1 Global Cannabis Concentrate Market Regional Overview
    • 7.2 Global Cannabis Concentrate Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Cannabis Concentrate Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Cannabis Concentrate Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Cannabis Concentrate Market, by Type, 2022 – 2030
      • 7.4.1 North America Cannabis Concentrate Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 North America Cannabis Concentrate Market, by End User, 2022 – 2030
      • 7.5.1 North America Cannabis Concentrate Market, by End User, 2022 – 2030 (USD Billion)
    • 7.4. Europe
      • 7.4.2 Europe Cannabis Concentrate Market, 2022 – 2030 (USD Billion)
        • 7.4.2.1 Europe Cannabis Concentrate Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 Europe Cannabis Concentrate Market, by Type, 2022 – 2030
      • 7.4.1 Europe Cannabis Concentrate Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 Europe Cannabis Concentrate Market, by End User, 2022 – 2030
      • 7.5.1 Europe Cannabis Concentrate Market, by End User, 2022 – 2030 (USD Billion)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Cannabis Concentrate Market, 2022 – 2030 (USD Billion)
        • 7.5.3.1 Asia Pacific Cannabis Concentrate Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 Asia Pacific Cannabis Concentrate Market, by Type, 2022 – 2030
      • 7.4.1 Asia Pacific Cannabis Concentrate Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 Asia Pacific Cannabis Concentrate Market, by End User, 2022 – 2030
      • 7.5.1 Asia Pacific Cannabis Concentrate Market, by End User, 2022 – 2030 (USD Billion)
    • 7.6. Latin America
      • 7.6.4 Latin America Cannabis Concentrate Market, 2022 – 2030 (USD Billion)
        • 7.6.4.1 Latin America Cannabis Concentrate Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 Latin America Cannabis Concentrate Market, by Type, 2022 – 2030
      • 7.4.1 Latin America Cannabis Concentrate Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 Latin America Cannabis Concentrate Market, by End User, 2022 – 2030
      • 7.5.1 Latin America Cannabis Concentrate Market, by End User, 2022 – 2030 (USD Billion)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Cannabis Concentrate Market, 2022 – 2030 (USD Billion)
        • 7.7.5.1 The Middle-East and Africa Cannabis Concentrate Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 The Middle-East and Africa Cannabis Concentrate Market, by Type, 2022 – 2030
      • 7.4.1 The Middle-East and Africa Cannabis Concentrate Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 The Middle-East and Africa Cannabis Concentrate Market, by End User, 2022 – 2030
      • 7.5.1 The Middle-East and Africa Cannabis Concentrate Market, by End User, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Indiva Limited
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Westleaf Inc.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Aurora Cannabis Inc.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 World Class Extractions Inc.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Medical Marijuana Inc.
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Canopy Growth Corporation
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 MediPharm Labs
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Radient Technologies Inc.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Neptune Wellness Solutions
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Valens GroWorks Corporation.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 StillCanna Inc.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Cannabis Concentrate Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Cannabis Concentrate Market attractiveness, By Type
  • 6. Global Cannabis Concentrate Market attractiveness, By End User
  • 7. Global Cannabis Concentrate Market share by Type, 2022 and 2030 (USD Billion)
  • 8. Global Cannabis Concentrate Market by Live Resins, 2022 – 2030 (USD Billion)
  • 9. Global Cannabis Concentrate Market by Wax, 2022 – 2030 (USD Billion)
  • 10. Global Cannabis Concentrate Market by Oil, 2022 – 2030 (USD Billion)
  • 11. Global Cannabis Concentrate Market by Chatter, 2022 – 2030 (USD Billion)
  • 12. Global Cannabis Concentrate Market by Vape, 2022 – 2030 (USD Billion)
  • 13. Global Cannabis Concentrate Market share by End User, 2022 and 2030 (USD Billion)
  • 14. Global Cannabis Concentrate Market by Medical, 2022 – 2030 (USD Billion)
  • 15. Global Cannabis Concentrate Market by Recreational Next, 2022 – 2030 (USD Billion)
  • 16. Global Cannabis Concentrate Market by Food Industry, 2022 – 2030 (USD Billion)
  • 17. Global Cannabis Concentrate Market share, by Region, 2022 and 2030
  • 18. North America Cannabis Concentrate Market, 2022 – 2030 (USD Billion)
  • 19. Europe Cannabis Concentrate Market, 2022 – 2030 (USD Billion)
  • 20. Asia Pacific Cannabis Concentrate Market, 2022 – 2030 (USD Billion)
  • 21. Latin America Cannabis Concentrate Market, 2022 – 2030 (USD Billion)
  • 22. The Middle-East and Africa Cannabis Concentrate Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Cannabis Concentrate Market: Snapshot
  • 2. Drivers of the Cannabis Concentrate Market: impact analysis
  • 3. North America Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 4. North America Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 5. U.S. Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 6. U.S. Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 7. Canada Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 8. Canada Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 9. Europe Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 10. Europe Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 11. Germany Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 12. Germany Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 13. France Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 14. France Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 15. U.K. Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 16. U.K. Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 17. Italy Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 18. Italy Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 19. Spain Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 20. Spain Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 21. Rest of Europe Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 22. Rest of Europe Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 23. Asia Pacific Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 25. China Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 26. China Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 27. Japan Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 28. Japan Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 29. India Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 30. India Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 31. South Korea Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 32. South Korea Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 33. South-East Asia Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 34. South-East Asia Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 35. Rest of Asia Pacific Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 36. Rest of Asia Pacific Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 37. Latin America Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 38. Latin America Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 39. Brazil Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 40. Brazil Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 41. Mexico Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 42. Mexico Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 43. Rest of Latin America Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 44. Rest of Latin America Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 45. The Middle-East and Africa Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 46. The Middle-East and Africa Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 47. GCC Countries Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 48. GCC Countries Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 49. South Africa Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 50. South Africa Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)
  • 51. Rest of Middle-East Africa Cannabis Concentrate Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 52. Rest of Middle-East Africa Cannabis Concentrate Market Revenue, By End User, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key market players

  • Indiva Limited
  • Westleaf Inc.
  • Aurora Cannabis Inc.
  • World Class Extractions Inc.
  • Medical Marijuana Inc.
  • Canopy Growth Corporation
  • MediPharm Labs
  • Radient Technologies Inc.
  • Neptune Wellness Solutions
  • Valens GroWorks Corporation.
  • StillCanna Inc.

FAQs

“North America” region will lead the global Cannabis Concentrate market during the forecast period 2022 to 2030.

The increasing awareness among the people regarding cannabis products and the beneficial factors related to cannabinoids has helped the market to record significant growth over a period of time.

The key players operating in the Cannabis Concentrate market are Indiva Limited, Westleaf Inc., Aurora Cannabis Inc., World Class Extractions Inc., Medical Marijuana Inc., Canopy Growth Corporation, MediPharm Labs, Radient Technologies Inc., Neptune Wellness Solutions, Valens GroWorks Corporation., StillCanna Inc., and Others.

The global Cannabis Concentrate market is expanding with growth with a CAGR of approximately 32.04% during the forecast period (2022 to 2030).

The global Cannabis Concentrate market size was valued at USD 20.47 billion in 2021 and it is projected to reach around USD 197.74 billion by 2030.

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