Canada Cannabis Extraction & Analytical Testing Market Forecast 2023-2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,100	147 Pages	Inkwood Research	November, 2023	INKR18304300

Best Price Guarantee
Price	from $1,100
Length	147 Pages
Publisher	Inkwood Research
Published Date	November, 2023
SKU	INKR18304300

Canada Cannabis Extraction & Analytical Testing Market Forecast 2023-2030

KEY FINDINGS

The Canada cannabis extraction & analytical testing market is predicted to progress with a CAGR of 16.06% during the forecasted period of 2023-2030. The market growth of the country is ascribed to the increase in cannabis extraction given the legalization of recreational cannabis, as well as strong consumer demand and interest in alternative cannabis products.

MARKET INSIGHTS

The potential of analytical testing labs is introducing novel opportunities in Canada, a relatively more mature cannabis market. This creates a lucrative space for international players to capitalize on the momentum in the country in order to explore the potential of the analytical testing lab market, while implementing best practices to meet testing demands closer to their home regions. Canada is currently home to around 150 authorized analytical testing labs for cannabis. These labs are categorized into two aspects: generalists that offer a wide spectrum of testing services across various industries like pharmaceuticals, environmental, and food, and more specialized operators exclusively focused on cannabis testing.

Some of the generalist companies have a global presence (e.g., Eurofins), while others operate regionally (e.g., A&L). They were early entrants leveraging their expertise from adjacent testing sectors to venture into cannabis testing and serve Licensed Producers (LPs). In addition, localized operators exclusively dedicated to testing cannabis have entered the scene, introducing more diversity into the industry and challenging established players that did not initially prioritize cannabis as a core business unit.

COMPETITIVE INSIGHTS

Some of the key companies operating in the market include Craft Cannabis Co, Evolab, Concentrate Supply Co, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

1. Research Scope & Methodology: 1.1. Study Objectives; 1.2. Methodology; 1.3. Assumptions & Limitations
2. Executive Summary: 2.1. Market Size & Estimates; 2.2. Country Snapshot; 2.3. Country Analysis; 2.4. Scope Of Study; 2.5. Crisis Scenario Analysis; 2.5.1. Impact Of Covid-19 On Cannabis Extraction & Analytical Testing Market; 2.6. Major Market Findings; 2.6.1. Rise In Adoption Of Green And Sustainable Practices For Cannabis Extraction; 2.6.2. Increased Demand For Thc-free Products; 2.6.3. Growing Popularity Of Cannabis Strain And Terpene Profiling
3. Market Dynamics: 3.1. Key Drivers; 3.1.1. Legislative Shift In The Country And Legalisation Of Cannabis; 3.1.2. Growing Cannabis Health And Wellness Trends Among Consumers; 3.1.3. High-profile Celebrity And Brand Endorsements; 3.1.4. Surge In Medical Use Of Cannabis; 3.2. Key Restraints; 3.2.1. Regulatory Hurdles; 3.2.2. Difficulties In Quality Control And Standardization; 3.2.3. Expensive Production Equipment Costs And Efficiencies
4. Key Analytics: 4.1. Parent Market Analysis; 4.1.1. Introduction To Cannabis Market; 4.1.2. Types Of Cannabis Extracts; 4.1.3. Application Of Cannabis; 4.1.3.1. Medical & Pharmaceutical Products; 4.1.3.2. Wellness; 4.1.3.3. Adult-use; 4.1.4. Investment In The Cannabis Industry; 4.2. Cannabis Extraction & Analytical Testing Market Introduction; 4.3. Different Stages Of Cannabis Extraction; 4.3.1. Grinding; 4.3.2. Extraction; 4.3.3. Winterisation; 4.3.4. Decarboxylation; 4.3.5. Distillation; 4.3.6. Isolation; 4.4. Equipment Used In Cannabis Extraction Process; 4.4.1. Inline Chiller; 4.4.2. Centrifuge Utility Platform (Cup); 4.4.3. Particulate Filter; 4.4.4. Falling Film Evaporator (Ffe); 4.4.5. Decarboxylation Vessel; 4.4.6. Rolled Film Short Path Distillation (Rfd); 4.5. Key Market Trends; 4.5.1. Edibles Innovations Making Waves In The Market; 4.5.2. The Emergence Of Anti-inflammatory Medicines; 4.5.3. Cannabis Beverages Gaining Traction Across Saturated & Emerging Markets; 4.5.4. Analytical Characterization Of Cannabis Strain Through Cannabis Fingerprinting; 4.6. Pest Analysis; 4.7. Porter’s Five Forces Analysis; 4.7.1. Buyers Power; 4.7.2. Suppliers Power; 4.7.3. Substitution; 4.7.4. New Entrants; 4.7.5. Industry Rivalry; 4.8. Growth Prospect Mapping; 4.8.1. Growth Prospect Mapping For Canada; 4.9. Market Concentration Analysis; 4.10. Value Chain Analysis; 4.10.1. Research & Development; 4.10.2. Raw Material Sourcing; 4.10.3. Manufacturing; 4.10.4. Distribution; 4.10.5. Installation & Training; 4.11. Key Buying Criteria; 4.11.1. Type Of Processing; 4.11.2. Throughput; 4.11.3. Type Of Solvent Used; 4.11.4. Type Of Final Product; 4.12. Regulatory Framework; 4.12.1. Cannabis Extraction Certifications; 4.12.1.1. Eu Gmp (European Medicines Agency); 4.12.1.2. Cgmp (Food And Drug Administration); 4.12.1.3. Api (Active Pharmaceutical Ingredient) Certified; 4.12.1.4. Iso (International Organisation For Standardisation)
5. Market By Equipment Type: 5.1. Cannabis Extraction Equipment; 5.1.1. Market Forecast Figure; 5.1.2. Segment Analysis; 5.2. Cannabis Analytical Testing Equipment; 5.2.1. Market Forecast Figure; 5.2.2. Segment Analysis
6. Market By Service: 6.1. Cannabis Extraction Service; 6.1.1. Market Forecast Figure; 6.1.2. Segment Analysis; 6.2. Cannabis Analytical Testing Service; 6.2.1. Market Forecast Figure; 6.2.2. Segment Analysis; 6.3. Cannabis Regulatory And Compliance Service; 6.3.1. Market Forecast Figure; 6.3.2. Segment Analysis
7. Market By Extraction Method: 7.1. Co2-based Extraction; 7.1.1. Market Forecast Figure; 7.1.2. Segment Analysis; 7.2. Alcohol/Ethanol-based Extraction; 7.2.1. Market Forecast Figure; 7.2.2. Segment Analysis; 7.3. Hydrocarbon-based Extraction; 7.3.1. Market Forecast Figure; 7.3.2. Segment Analysis; 7.4. Vegetable Oil-based Extraction; 7.4.1. Market Forecast Figure; 7.4.2. Segment Analysis; 7.5. Solventless Extraction; 7.5.1. Market Forecast Figure; 7.5.2. Segment Analysis; 7.6. Other Extraction Methods; 7.6.1. Market Forecast Figure; 7.6.2. Segment Analysis
8. Competitive Landscape: 8.1. Key Strategic Developments; 8.1.1. Mergers & Acquisitions; 8.1.2. Product Launches & Developments; 8.1.3. Partnerships & Agreements; 8.1.4. Business Expansions & Divestitures; 8.2. Company Profiles; 8.2.1. Colorado Cannabis Company; 8.2.1.1. Company Overview; 8.2.1.2. Product List; 8.2.2. Deutsche Process; 8.2.2.1. Company Overview; 8.2.2.2. Product List; 8.2.3. Agilent Technologies Inc; 8.2.3.1. Company Overview; 8.2.3.2. Service List; 8.2.4. Sage Analytics; 8.2.4.1. Company Overview; 8.2.4.2. Product List; 8.2.5. Eybna Technologies Ltd; 8.2.5.1. Company Overview; 8.2.5.2. Product List; 8.2.6. Mile High Labs; 8.2.6.1. Company Overview; 8.2.6.2. Product List; 8.2.7. Ul Llc; 8.2.7.1. Company Overview; 8.2.7.2. Service List; 8.2.8. Xs Financial Inc; 8.2.8.1. Company Overview; 8.2.8.2. Service List; 8.2.9. Perkinelmer Inc; 8.2.9.1. Company Overview; 8.2.9.2. Service List; 8.2.10. Sciex; 8.2.10.1. Company Overview; 8.2.10.2. Service List; 8.2.11. Sgs Sa; 8.2.11.1. Company Overview; 8.2.11.2. Service List; 8.2.12. Absolutextracts; 8.2.12.1. Company Overview; 8.2.12.2. Products List; 8.2.13. Concentrate Supply Co; 8.2.13.1. Company Overview; 8.2.13.2. Product List; 8.2.14. Craft Cannabis; 8.2.14.1. Company Overview; 8.2.14.2. Product List; 8.2.15. Evolab; 8.2.15.1. Company Overview; 8.2.15.2. Product List