Cannabis Concentrate Market - Global Cannabis Concentrate Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By End-use Sector Coverage, By Geographic Coverage and Leading Companies)

Cannabis Concentrate Market - Global Cannabis Concentrate Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By End-use Sector Coverage, By Geographic Coverage and Leading Companies)


Cannabis Concentrate Market Set to Skyrocket, Reaching US$2.45 Billion by 2030

The global cannabis concentrate market is on an impressive growth trajectory, with market revenue expected to surge from US$1.6 billion in 2022 to a projected US$2.45 billion by 2030. This robust expansion is forecasted to occur at a healthy Compound Annual Growth Rate (CAGR) of 6.30% between 2023 and 2030, according to a recent report by Fairfield Market Research.

Key Growth Determinants:
1. Increased Use in Medicines: The acceptance and utilization of medicinal cannabis have been steadily rising as more countries legalize its use for various medical purposes. Cannabis concentrates, particularly those containing cannabidiol (CBD) and delta-9-tetrahydrocannabinol (THC), are being used to treat a range of conditions, including pain, spasticity in Multiple Sclerosis (MS), Lennox-Gastaut syndrome, Dravet syndrome, and severe forms of epilepsy.

2. Increased Adoption for Recreational Purposes: The legalization of cannabis for recreational use is providing regulatory control over the industry, leading to economic growth, job creation, and the reduction of enforcement costs. This change is fostering a thriving market for high-quality cannabis concentrates.

3. Legalizing Use of Cannabis Both Medically and Recreationally: The legalization of cannabis for both medical and recreational use in several countries has sparked a seismic shift in the industry, resulting in a booming cannabis concentrate sector. As a result, comprehensive solutions are becoming increasingly important to meet the growing demand.

Major Growth Barriers:
1. Lack of Access to Financial Assistance: Banking remains a significant challenge for the cannabis concentrate sector, as many countries still prohibit cannabis use. The legal uncertainty surrounding cannabis has led to reluctance among banks to provide financial services to cannabis concentrate businesses, limiting their access to resources.

2. Stringent Standards and Regulations: Varying regulations in different regions pose a significant challenge to market revenue. Each state or country has its own set of rules regarding cannabis concentrates, impacting labeling, packaging, and distribution.

Key Trends and Opportunities:
1. Policy and Regulatory Relaxation: Changes in regulations due to the COVID-19 pandemic and increasing legal frameworks for non-medical cannabis use offer opportunities for market growth. These changes are expected to enhance consumer access to cannabis products and boost consumption.

2. Cannabis Infused Edibles: There is a growing demand for low-dose edible products, which allow controlled recreational usage without the euphoric effects. Manufacturers are exploring various genetic enhancement techniques to meet this demand.

3. Novel Product Developments with Increasing R&D Activities: Companies are investing in research and development to create innovative cannabis concentrate products, such as pills, chewing gum, lotions, crystals, tablets, oil, and oro-mucosal sprays.

Top Segments:
1. Cannabis Oil Category Surges Ahead: In 2022, cannabis oils dominated the market due to their recognized benefits in treating sleep issues, stress, and anxiety. The demand for cannabis oils is expected to continue growing as more patients opt for oils over traditional flowers.

2. Recreational Sector Leads Other End-use Industries: The recreational category dominated the market in 2022, driven by the legalization of cannabis for recreational use in many U.S. states. However, the medical use category is also expected to experience substantial growth.

Regional Frontrunners:
1. North American Market Strongest: The United States leads the North American cannabis concentrate market, with legalization for both medical and recreational use in many states. This growing awareness of the therapeutic benefits of cannabis is creating numerous opportunities for industry players.

2. Asia Pacific’s Cannabis Concentrate Market Expects the Fastest Pace: The Asia Pacific region is witnessing significant growth due to evolving political landscapes and cannabis legalization in various Asian nations. The legalization of cannabis cultivation in Thailand is expected to drive demand, and research by the pharmaceutical sector is exploring the medical potential of cannabis.

Competitive Landscape:
The global cannabis concentrate market is currently consolidated, with a limited number of large companies. Major players are expanding their global presence through product launches and distribution network enhancements. Market consolidation is anticipated to continue in the coming years.

As the cannabis concentrate market continues its impressive growth, both for medicinal and recreational purposes, the industry's future looks promising. With evolving regulations and a focus on innovative products, the market is poised to offer numerous opportunities for investors and businesses alike.

Please note: The PDF e-mail from publisher version of this report is for a global site license. Delivery timeline - 5 working days.


1. Executive Summary
1.1. Global Cannabis Concentrate Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Cannabis Concentrate Market Outlook, 2018 - 2030
3.1. Global Cannabis Concentrate Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
3.1.1. Key Highlights
3.1.1.1. Live resins
3.1.1.2. Wax
3.1.1.3. Oil
3.1.1.4. Shatter
3.1.1.5. Vape
3.1.1.6. Budder
3.1.1.7. Misc.
3.2. Global Cannabis Concentrate Market Outlook, by End-use Sector, Value (US$ Bn), 2018 - 2030
3.2.1. Key Highlights
3.2.1.1. Medical
3.2.1.2. Recreational
3.2.1.3. Food & Beverage
3.2.1.4. Personal Care
3.2.1.5. Industrial
3.2.1.6. Misc.
3.3. Global Cannabis Concentrate Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
3.3.1. Key Highlights
3.3.1.1. North America
3.3.1.2. Europe
3.3.1.3. Asia Pacific
3.3.1.4. Latin America
3.3.1.5. Middle East & Africa
4. North America Cannabis Concentrate Market Outlook, 2018 - 2030
4.1. North America Cannabis Concentrate Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
4.1.1. Key Highlights
4.1.1.1. Live resins
4.1.1.2. Wax
4.1.1.3. Oil
4.1.1.4. Shatter
4.1.1.5. Vape
4.1.1.6. Budder
4.1.1.7. Misc.
4.2. North America Cannabis Concentrate Market Outlook, by End-use Sector, Value (US$ Bn), 2018 - 2030
4.2.1. Key Highlights
4.2.1.1. Medical
4.2.1.2. Recreational
4.2.1.3. Food & Beverage
4.2.1.4. Personal Care
4.2.1.5. Industrial
4.2.1.6. Misc.
4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Cannabis Concentrate Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
4.3.1. Key Highlights
4.3.1.1. U.S. Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
4.3.1.2. U.S. Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
4.3.1.3. Canada Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
4.3.1.4. Canada Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
4.3.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Cannabis Concentrate Market Outlook, 2018 - 2030
5.1. Europe Cannabis Concentrate Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Live resins
5.1.1.2. Wax
5.1.1.3. Oil
5.1.1.4. Shatter
5.1.1.5. Vape
5.1.1.6. Budder
5.1.1.7. Misc.
5.2. Europe Cannabis Concentrate Market Outlook, by End-use Sector, Value (US$ Bn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Medical
5.2.1.2. Recreational
5.2.1.3. Food & Beverage
5.2.1.4. Personal Care
5.2.1.5. Industrial
5.2.1.6. Misc.
5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Cannabis Concentrate Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. Germany Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
5.3.1.2. Germany Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
5.3.1.3. U.K. Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
5.3.1.4. U.K. Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
5.3.1.5. France Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
5.3.1.6. France Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
5.3.1.7. Italy Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
5.3.1.8. Italy Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
5.3.1.9. Turkey Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
5.3.1.10. Turkey Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
5.3.1.11. Russia Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
5.3.1.12. Russia Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
5.3.1.13. Rest of Europe Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
5.3.1.14. Rest of Europe Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Cannabis Concentrate Market Outlook, 2018 - 2030
6.1. Asia Pacific Cannabis Concentrate Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Live resins
6.1.1.2. Wax
6.1.1.3. Oil
6.1.1.4. Shatter
6.1.1.5. Vape
6.1.1.6. Budder
6.1.1.7. Misc.
6.2. Asia Pacific Cannabis Concentrate Market Outlook, by End-use Sector, Value (US$ Bn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Medical
6.2.1.2. Recreational
6.2.1.3. Food & Beverage
6.2.1.4. Personal Care
6.2.1.5. Industrial
6.2.1.6. Misc.
6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Cannabis Concentrate Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. China Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
6.3.1.2. China Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
6.3.1.3. Japan Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
6.3.1.4. Japan Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
6.3.1.5. South Korea Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
6.3.1.6. South Korea Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
6.3.1.7. India Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
6.3.1.8. India Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
6.3.1.9. Southeast Asia Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
6.3.1.10. Southeast Asia Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
6.3.1.11. Rest of Asia Pacific Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
6.3.1.12. Rest of Asia Pacific Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Cannabis Concentrate Market Outlook, 2018 - 2030
7.1. Latin America Cannabis Concentrate Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Live resins
7.1.1.2. Wax
7.1.1.3. Oil
7.1.1.4. Shatter
7.1.1.5. Vape
7.1.1.6. Budder
7.1.1.7. Misc.
7.2. Latin America Cannabis Concentrate Market Outlook, by End-use Sector, Value (US$ Bn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Medical
7.2.1.2. Recreational
7.2.1.3. Food & Beverage
7.2.1.4. Personal Care
7.2.1.5. Industrial
7.2.1.6. Misc.
7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Cannabis Concentrate Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Brazil Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
7.3.1.2. Brazil Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
7.3.1.3. Mexico Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
7.3.1.4. Mexico Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
7.3.1.5. Argentina Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
7.3.1.6. Argentina Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
7.3.1.7. Rest of Latin America Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
7.3.1.8. Rest of Latin America Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Cannabis Concentrate Market Outlook, 2018 - 2030
8.1. Middle East & Africa Cannabis Concentrate Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Live resins
8.1.1.2. Wax
8.1.1.3. Oil
8.1.1.4. Shatter
8.1.1.5. Vape
8.1.1.6. Budder
8.1.1.7. Misc.
8.2. Middle East & Africa Cannabis Concentrate Market Outlook, by End-use Sector, Value (US$ Bn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Medical
8.2.1.2. Recreational
8.2.1.3. Food & Beverage
8.2.1.4. Personal Care
8.2.1.5. Industrial
8.2.1.6. Misc.
8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Cannabis Concentrate Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. GCC Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
8.3.1.2. GCC Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
8.3.1.3. South Africa Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
8.3.1.4. South Africa Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
8.3.1.5. Egypt Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
8.3.1.6. Egypt Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
8.3.1.7. Nigeria Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
8.3.1.8. Nigeria Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
8.3.1.9. Rest of Middle East & Africa Cannabis Concentrate Market by Type, Value (US$ Bn), 2018 - 2030
8.3.1.10. Rest of Middle East & Africa Cannabis Concentrate Market by End-use Sector, Value (US$ Bn), 2018 - 2030
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Manufacturer vs Type Heatmap
9.2. Company Market Share Analysis, 2022
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Indiva Limited
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. Westleaf Inc.
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. Aurora Cannabis Inc.
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. Tikun Olam
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. Medical Marijuana Inc
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. Canopy Growth Corporation
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. MediPharm Labs
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Radient Technologies Inc
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. Neptune Wellness Solutions
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Business Strategies and Development
9.4.10. Valens GroWorks Corporation.
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
9.4.11. The Cronos Group
9.4.11.1. Company Overview
9.4.11.2. Product Portfolio
9.4.11.3. Financial Overview
9.4.11.4. Business Strategies and Development
9.4.12. Tilray Brands, Inc.
9.4.12.1. Company Overview
9.4.12.2. Product Portfolio
9.4.12.3. Financial Overview
9.4.12.4. Business Strategies and Development
9.4.13. Nirvana Group
9.4.13.1. Company Overview
9.4.13.2. Product Portfolio
9.4.13.3. Financial Overview
9.4.13.4. Business Strategies and Development
9.4.14. PharmaCielo
9.4.14.1. Company Overview
9.4.14.2. Product Portfolio
9.4.14.3. Financial Overview
9.4.14.4. Business Strategies and Development
9.4.15. BevCanna
9.4.15.1. Company Overview
9.4.15.2. Product Portfolio
9.4.15.3. Financial Overview
9.4.15.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Other tasks

Cookie Settings