Global Cannabinoids Market 2024-2028
Global Cannabinoids Market 2024-2028
The cannabinoids market is forecasted to grow by USD 88.4 bn during 2023-2028, accelerating at a CAGR of 30.41% during the forecast period. The report on the cannabinoids market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by legalization of medicinal cannabinoids, advent of advanced cultivation processes for cannabinoids, and plans to increase production and availability of medical cannabinoids by governments.
Technavio's cannabinoids market is segmented as below:
By Application
By Channel
- Retail pharmacies
- Online stores
- Hospital
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the launch of medical cannabinoids education programs as one of the prime reasons driving the cannabinoids market growth during the next few years. Also, growing millennial population using cannabinoids for recreational purposes and increasing number of awareness campaigns about the safe and responsible use of cannabinoids will lead to sizable demand in the market.
The report on the cannabinoids market covers the following areas:
- Cannabinoids market sizing
- Cannabinoids market forecast
- Cannabinoids market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cannabinoids market vendors that include Aurora Cannabis Inc., Canopy Growth Corp., Cresco Labs LLC, Cronos Group Inc., CV Sciences Inc., Delta 9 Cannabis, Ecofibre Ltd., INDIVA.com LLC., Jazz Pharmaceuticals Plc, Medical Marijuana Inc., MediPharm Labs Inc., Medix CBD, Medterra CBD, MM Enterprises USA LLC, Organigram Holdings Inc., STENOCARE AS, Terrascend Canada, Tilray Brands Inc., Trulieve Cannabis Corp., and Unrivaled Brands Inc.. Also, the cannabinoids market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.