Cannabis Market Forthcoming Developments, Revenue, Global Trends, Top Players Strategies and Forecast to 2027
Cannabis Market: was valued at US$ 28.26 Bn. in 2021 and the total revenue is expected to grow at CAGR of 32.04% through 2022 to 2027, reaching nearly US$ 149.8 Bn. by 2027
Cannabis Market Overview:
The report is based on extensive research, qualitative and quantitative evaluations by industry experts, and feedback from field personnel and supply chain stakeholders. The study delves deeply into parent market trends, macroeconomic statistics, and regulating variables, as well as market attractiveness by segment. The analysis also maps out the qualitative impact of major market factors on market segments and geographies.
Market Scope:
This Cannabis Market review looks at the most recent developments, regulatory frameworks, trade analysis, business models, supply chain utilization, market dominance, the impact of residential and localized market participants, assessments of possibilities in terms of evolving revenue spots, regulatory shifts, tactical industry growth analysis, sales volume, categorical market growth, implementation niches and dominance, product releases, global coverage, and product latitude. To understand more about the Cannabis market, contact Stellar Market Research and get an Analyst Brief. Our personnel will help you make an informed market decision to achieve market growth.
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Cannabis Market Key Players:
Canopy Growth Corporation (Canada)
Aurora Cannabis Inc. (Canada)
MedMen (US)
Terra Tech Corp. (US)
Aphria Inc. (Canada)
VIVO Cannabis Inc. (Canada)
The Cronos Group (Canada)
Medical Marijuana Inc. (US)
STENOCARE (Denmark)
Tikun Olam (Israel)
Organigram Holdings Inc. (Canada)
Cresco Labs (US)
Indiva (Canada)
Curaleaf Holding Inc. (US)
HEXO Corp. (Canada)
Ecofibre Limited (Australia)
Harvest Health & Recreation (US)
Green Thumb Industries (US)
Maricann Group Inc. (Canada)
TerrAscend (Canada)
The market's leading players are embracing various growth techniques such as partnerships and strategic alliances, as well as new product launches, to expand their presence in emerging nations and eventually widen their customer base. Some of the prominent players in the Cannabis market are as follows:
Cannabis Market Segmentation:
By Type, the Cannabis Market is segmented as Flowers and Concentrates. Flowers dominate the Cannabis Market with the market share of 57% in the year of 2021. Marijuana flowers contain 15% - 30% of THC, about 0% - 1% of CBD and nominal levels of other cannabinoids. These level of concentrates in this proportion are very useful in making medicines majorly for pains and migraines and can further be used to make medicines for some major and more dangerous illnesses like Cancer and Arthritis and hance such a huge market. Also, the Flowers or the buds are natural and are grown naturally so it has fewer side effects than concentrates. Concentrates on the other hand held the market share of 42% in 2021 as they need to be extracted and primarily include CO2 oil, butane hash oil, shatter, wax, live resin, kief, ice water hash and rosin. This is mainly used for recreational purposes and for medicinal purposes it might be a little too harmful but one positive for concentrates is that it is less addictive. The market of concentrates is rising because of diverse flavour profiles, can be vaporized that is healthier than smoking flower.
Cannabis Market Regional Analysis:
Individual market influencing aspects and changes in market regulations that affect existing and future marketing tactics are also explored in the Cannabis market study's country-focused discussion. Consumer volumes, processing facilities, and inventories, shipping analysis, price prediction modeling, raw material prices, and upstream and downstream value chain analysis are some of the major factors used to forecast the market scenario for specific countries. While providing forecast analysis of national data, the availability and affordability of global brands, as well as the challenges they face due to large or limited competition from local and domestic producers, the effect of local tariffs, and shipping routes, are all considered.
COVID-19 Impact Analysis on Cannabis Market:
The COVID-19 outbreak resulted in a severe and prolonged decline in production efficiency, while travel bans and factory closures kept people away from their businesses, leading the Cannabis market to slow in 2020. The new research features pandemic's impact on the Cannabis# market, as well as observations, research, estimations, and projections. The Stellar Cannabis Market Research study contains an in-depth examination of customer behavior in the aftermath of the virus, as well as its influence on the Cannabis market's outlook, classification, trends, and economic constraints.
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Key Questions Answered in the Cannabis Market Report are:
- What are the drivers motivating overall Cannabis market advancement in the upcoming period?
- What revenue potential is estimated from the Cannabis market’s transactions in the years ahead?
- What CAGR potential is forecasted for the Cannabis market in the approaching period?
- Who are the significant contenders functioning in the Cannabis market?
- Which region is leading the global Cannabis market share at the end of the forecast period?
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