Global Marijuana Market 2024-2028
Global Marijuana Market 2024-2028
The marijuana market is forecasted to grow by USD 87804.6 mn during 2023-2028, accelerating at a CAGR of 32.14% during the forecast period. The report on the marijuana 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 increasing legalization of marijuana, rising number of product launches of marijuana, and advent of advanced cultivation processes for marijuana.
Technavio's marijuana market is segmented as below:
- By Product
- Medical marijuana
- Recreational marijuana
- By Type
- Oil and tinctures
- Flower
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growth in e-commerce industry as one of the prime reasons driving the marijuana market growth during the next few years. Also, increasing number of awareness campaigns and growing millennial population in key cannabis markets will lead to sizable demand in the market.
The report on the marijuana market covers the following areas:
- Marijuana market sizing
- Marijuana market forecast
- Marijuana 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 marijuana market vendors that include Aurora Cannabis Inc., Bhang Nation, Botanic Lab, Cannabinoid Creations, Cannoid LLC, Canopy Growth Corp., CBD American Shaman., CV Sciences Inc., Elixinol Wellness Ltd., Folium Biosciences, HEXO Corp., Jazz Pharmaceuticals Plc, Lexaria Bioscience Corp., Medical Marijuana Inc., MM Enterprises USA LLC, Organigram Holdings Inc., Tikun Olam, Tilray Brands Inc., Unrivaled Brands Inc., and VIVO Cannabis Inc.. Also, the marijuana 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.