Global Cannabis Oil Market Growth 2025-2031

Global Cannabis Oil Market Growth 2025-2031

The global Cannabis Oil market size is predicted to grow from US$ 1291 million in 2025 to US$ 6228 million in 2031; it is expected to grow at a CAGR of 30.0% from 2025 to 2031.

This report studies the cannabis oil market.

Cannabis oil is from the marijuana plant (cannabis indicas). The oil is extracted from the leaves of the cannabis plant. It contains high levels of THC. It is used for medicinal purposes and as a recreational drug.

Cannabis oil reached considerable popularity when a man in Canada named Rick Simpson began distributing this concentrate, albeit illegally, as a medicine. Rick"s oil (commonly known as Rick Simpson oil) brought the long studied knowledge about the anti-tumor and various medicinal properties of cannabis to the mainstream.

Here"s a list of some of the potential health and medicinal benefits of using it, all based on research and actual human consumption: Cancer prevention, Treating and reducing some cancers, Multiple Sclerosis, Epilepsy, Asthma, Rheumatism, Diabetes, High blood pressure, Chronic pain and pain, Inflammation, Eczema and dry skin, Glaucoma, Stress, Anxiety, Depression, Addiction, Insomnia, Anorexia and dramatic weight loss, Obesity.

Legality of cannabis oil differs in different regions. Currently, there are mainly eight suppliers, including Select Oil, K.I.N.D. Concentrates, Canopy Growth Corporation, Aphria, Emblem Cannabis Oils, Whistler, The Lab and Absolute Terps. Select Oil is the market leader, with about 21% market shares.

Global major cannabis oil production regions are USA, Canada and Europe. Canada is the largest production region, accounting for 52%.

LP Information, Inc. (LPI) ' newest research report, the “Cannabis Oil Industry Forecast” looks at past sales and reviews total world Cannabis Oil sales in 2024, providing a comprehensive analysis by region and market sector of projected Cannabis Oil sales for 2025 through 2031. With Cannabis Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cannabis Oil industry.

This Insight Report provides a comprehensive analysis of the global Cannabis Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cannabis Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cannabis Oil market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cannabis Oil and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cannabis Oil.

This report presents a comprehensive overview, market shares, and growth opportunities of Cannabis Oil market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Organic Cannabis Oil
Non-Organic Cannabis Oil

Segmentation by Application:
Recreational
Medical

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Select Oil
K.I.N.D. Concentrates
Canopy Growth Corporation
Aphria
Emblem Cannabis Oils
Whistler
The Lab
Absolute Terps

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cannabis Oil market?

What factors are driving Cannabis Oil market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cannabis Oil market opportunities vary by end market size?

How does Cannabis Oil break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.