Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,395.90 Million | USD 3,221.70 Million | 9.86% | 2023 |
FrequentlyAsked Questions
Cannabis indica oil, also referred to as indica oil, is a concentrated cannabis extract derived from the indica strain of the cannabis plant. Indica strains are known for their relaxing and sedative effects, and indica oil is often used for pain relief, anxiety management, and promoting sleep.
According to a study, the global cannabis indica oil market size was worth around USD 1,395.90 million in 2023 and is expected to reach USD 3,221.70 million by 2032.
The global cannabis indica oil market is expected to grow at a CAGR of 9.86% during the forecast period.
North America is expected to dominate the cannabis indica oil market over the forecast period.
Leading players in the global cannabis indica oil market include Select Oil, I.N.D. Concentrates, Canopy Growth Corporation, Aphria, Emblem Cannabis Oils, Whistler, The Lab, and Absolute Terps, among others.
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