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Cannabis Market Share, Forecast, Overview and Key Companies Analysis by 2028

September 1, 2021

The Global Cannabis Market is projected to reach USD 48.29 billion in 2027. The market is being predominantly driven by the growing usage of cannabis for many medicinal and recreational usage and increasing legalization in many countries with proliferating portfolio of end-use products. Rising proven studies suggests supporting the medicinal properties to treat many medical conditions including chronic pain, glaucoma, and poor appetite, nausea, migraines, seizures, and anxiety, among many others have been helping grow its usage amongst the end-users.

The report provides detailed insights into Cannabis market trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the Cannabis market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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The steady Cannabis market share growth can be attributed to a variety of factors and trends in the global Cannabis market currently. Global Cannabis market revenue growth is supported to a significant extent due to rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition in the market. These factors are expected to drive incline in regional Cannabis market share growth over the forecast period.

In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Cannabis market share contribution of these countries. In addition, Cannabis market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.

Top key vendors in Cannabis Market include are:

Key players in the market include Canopy Growth Corporation, Aurora Cannabis Inc., Tikun Olam, Cannabis Science Inc., Aphria Inc., Maricann Group Inc., Tilray Inc., VIVO Cannabis Inc., Medical Marijuana, Inc., STENOCARE, Cronos Group Inc., Terra Tech Corp., and MedMen, among others.

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

For the purpose of this report, Emergen Research has segmented into the global Cannabis Market on the basis of Product Type, Compound, Application, and region:

Product Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Flower
- Concentrates
- Others

Compound Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Tetrahydrocannabinol
- Cannabidiol (CBD)
- Balanced THC & CBD

Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Medical
  - Pain Management
  - Neurological Health Management
  - Mental Health Management
  - Others
- Recreational
- Others

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In terms of Cannabis market share and revenue contribution to the global Cannabis market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Cannabis market share.

Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Cannabis Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

Region wise performance of the Cannabis industry

Asia Pacific market share contribution to the global Cannabis market is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Rapid growth rate of China and India Cannabis market share contribution can be attributed to increasing population and disposable income, and steady economic growth, and the trend is expected to continue going ahead.

Steady increase in Europe Cannabis market share growth is primarily supported by continuous developments in major countries in the region. Robust focus on research and development initiatives by major firms in countries in the region is also expected to continue to support market share growth of the Europe Cannabis market going ahead.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/98

The research provides answers to the following key questions:

What will be the growth rate and the market size of the Cannabis industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Cannabis market across different regions?
Who are the major driving forces expected to decide the fate of the Cannabis industry worldwide?
Who are the prominent market players making a mark in the Cannabis market with their winning strategies?
Which Cannabis industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Cannabis market?

Table of Content

Chapter 1. Methodology & Sources

1.1. Cannabis Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Cannabis Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2024-2028