Cannabis Indica Oil Market Size, Share & Growth Report 2032

Cannabis Indica Oil Market: Industry Perspective

The global cannabis indica oil market size was worth around USD 1,395.90 million in 2023 and is predicted to grow to around USD 3,221.70 million by 2032 with a compound annual growth rate (CAGR) of roughly 9.86% between 2024 and 2032.

Request Free Sample

The report covers forecasts and analyses for the cannabis indica oil market at a global and regional level. The research report presents a comprehensive market valuation, competition, opportunities, emerging trends and industry-validated market figures. The study provides historical data from 2028 to 2022 along with a forecast from 2024 to 2032 based on volume (Million tons) and revenue (USD Million).

The global cannabis indica oil market is expected to have substantial scope in the coming future owing to various factors that are driving the market growth in the forecast period. The global cannabis indica oil market will likely grow at a double-digit CAGR within the forecast period. The Cannabis Indica oil is extracted from the leaves of the cannabis indicas plant which has a maximum concentration of THC (Tetrahydrocannabinol). This oil has multiple usages in the field of medical and recreational. One of the major factors that drive the growth of the market is government intervention which is making cannabis indica oil legalized in various places across the globe. Cannabis indicas oil has potential health and medicinal advantages such as pain relief.

Global Cannabis Indica Oil Market Size: Segmentation

The cannabis indica oil market has been segmented based on type and application. Based on type, the cannabis indica oil market is categorized into two types: organic cannabis oil and non-organic cannabis oil. The usages or applications of cannabis indica oil are for medical purposes and recreational drugs.

The key drivers and opportunities boosting the cannabis indica oil market are government regulation and policies for legalizing cannabis, lesser side effects and companies that are investing in R&D for cannabis production. Cannabis indica oil has long-lasting effects which can give us beneficial properties such as pain relief. The technological advancement, rise in demand and awareness about the benefits of cannabis are driving the cannabis indica oil market. One of the major applications of cannabis oil is during the treatment of cancer as the oil may kill cancer cells and discontinue the tumor. Moreover, owing to advancements in technology, cannabis indica oil has moisturizing and anti-inflammatory properties which are more applicable in the cosmetic industry and hence it is widely used in skin care products. Various changes such as technological developments, and competitive development like new product development, expansions and acquisitions are further propelling the market growth.

Cannabis Indica Oil Market: Report Scope

The USA, Europe, and Canada are the major countries that have maximum production of cannabis oil. Out of this Canada is the largest producer of cannabis oil as per the industry sources.

Cannabis Indica Oil Market: Competitive Analysis

The global cannabis indica oil market is dominated by players like:

• Select Oil
• I.N.D. Concentrates
• Canopy Growth Corporation
• Aphria
• Emblem Cannabis Oils
• Whistler
• The Lab
• Absolute Terps

The global cannabis indica oil market is segmented as follows;

By Type 

• Organic Cannabis Oil 
• Non-organic Cannabis Oil

By Application

• Medical Purposes 
• Recreational Drugs

By Region

• North America

  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa