Industry Insights
The report encompasses the forecast as well as analysis of the cannabis concentrate market on a global and regional level. The study displays historical data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also described in the cannabis concentrate market report.
Our analysts have included industry analysis models and extensively demonstrated the key business strategies and competitive landscape of the cannabis concentrate market in the report.
The market research also includes analysis of Porter’s Five Forces framework for understanding the competitive strategies employed by market competitors. It also encompasses SWOT analysis and PESTLE analysis.
The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the cannabis concentrate market. Moreover, the study offers wide coverage of key strategic improvements witness in the market such as acquisitions & mergers, new product launches, collaborations, joint ventures, R&D activities, and global expansion of key players of the global cannabis concentrate market.
Rising health benefits such as evident treatment of severe disorders, the global demand for the cannabis concentrate market is fueling at a substantial rate. Moreover, the list of cannabis legalizing countries has been extending rapidly during the past few years, which is likely to drive the global cannabis concentrate market. However, the cannabis concentrate market is being hampered owing to the complex cannabis legalization regulatory structure.
For a comprehensive study, the analysts have segmented the global cannabis concentrate market by segmenting it based on product type, end-use, and regions. By product type, the market is segmented into vape, live resins, oil, wax, shatter, and others. By end-use, the market is categorized into recreational, medical, food industry, and others. The regional segmentation includes the market forecast for North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
Some of the key players fueling the global cannabis concentrate market are Indiva Limited, Westleaf Inc., Canopy Growth Corporation, MediPharm Labs, Aurora Cannabis Inc., World Class Extractions Inc., Medical Marijuana Inc., Radient Technologies Inc., Neptune Wellness Solutions, StillCanna Inc., and Valens GroWorks Corporation.
The global cannabis concentrate market is segmented as:
Global Cannabis Concentrate Market: By Product Type
- Vape
- Live Resins
- Oil
- Wax
- Shatter
- Others
Global Cannabis Concentrate Market: By End-Use
- Recreational
- Medical
- Food Industry
- Others
Global Cannabis Concentrate Market: Regional Analysis
- North America
- U.S
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Key Pointers Addressed by the Report
- Historical data and forecast analysis of the market
- Drivers and Restraints affecting market dynamics
- Exhaustive analysis about the future market trends
- Comprehensive information about the leading market segments and region
- Strategic developments made by the competitive players and in-depth analysis about its impact on market growth
Table of Content
Key Insights from Primary Research
- Based on ourprimary research, the Global Cannabis Concentrate market is set to expand substantially at a rate of nearly 17%.
- Via details attained from our primary research, the global cannabis concentrate market surpassed the valuation of around USD 1,785 million in 2019.
- The primary respondents stated that North America anticipatesto capture more than one-third revenue share of the global cannabis concentrate market in 2019. Thusthe region is likely to grow at a maximum rate from 2020 to 2026.
- The “vape” category, according to our experts will lead in the the product type segmentation since it held the leading position in terms of revenue in 2019.
- The “medical” category under end-use segmentation held more than half the share of the global market and thus it is likely to grow at a significant rate during the forecast period.
Key Recommendations from Analysts
- According toouranalysis,the recreational cannabis-manufacturing industries are not going to propel considerably during the forecast period.
- Medical and R&D segment in the cannabis concentrate market is gaining popularity across the globe, particularly in the US. Therefore, analysts recommend clients toinvest in the companies that manufacture cannabis for medical purposes.
- Analysts have specified that the Middle East and African region are least contributing to the global cannabis concentrate market owing to the stringent regulations prohibiting the consumption of cannabis within the region premises.
- Propelling at a considerable CAGR around 17%, the global cannabis concentrate marketopens new avenues for all of the key participants and investors across the value chain.
- Our analysts have recognized “medical” and “vape” as the prevalent revenue-generating categories for the global cannabis concentrate market in terms of end-use and product type segmentation, respectively.
Global Cannabis Concentrate Market Attractiveness – By Product Type Segment
Industry Major Market Players
- Indiva Limited
- Westleaf Inc.
- Canopy Growth Corporation
- MediPharm Labs
- Aurora Cannabis Inc.
- World Class Extractions Inc.
- Medical Marijuana Inc.
- Radient Technologies Inc.
- Neptune Wellness Solutions
- StillCanna Inc.
- Valens GroWorks Corporation.
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