Cannabis Market Demand, Size, Share & Forecast 2032
Cannabis Market By Compound (CBD-Dominant, THC-Dominant, And Balanced CBD & THC), By Product Type (Concentrates, Flower, And Others), By Application (Recreational And Medical), And By Region: Global Industry Perspective, Size, Trends, Comprehensive Analysis And Forecast, 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 28.54 Billion | USD 130.88 Billion | 18.56% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description
- 1.1. Report Scope
- Chapter 2. Research Methodology
- 2.1. Research Methodology
- 2.2. Secondary Research
- 2.3. Primary Research
- 2.4. Models
- 2.4.1. Company Share Analysis Model
- 2.4.2. Revenue Based Modeling
- 2.5. Research Limitations
- Chapter 3. Executive Summary
- 3.1. Global Cannabis Market, 2024 – 2032 (USD Billion)
- 3.2. Global Cannabis Market: Snapshot
- Chapter 4. Cannabis Market – Industry Analysis
- 4.1. Introduction
- 4.2. Market Drivers
- 4.2.1. Driving Factor 1 Analysis
- 4.2.2. Driving Factor 2 Analysis:
- 4.3. Market Restraints
- 4.3.1. Restraining Factor Analysis
- 4.4. Market Opportunities
- 4.4.1. Market Opportunity & Use-case Anaysis
- 4.4.2. Use – Cases for Cannabis
- 4.5. Porter’s Five Forces Analysis
- 4.6. COVID 19 Impact Analysis
- 4.6.1.1. Impact on Product Development and Technology Adoption
- 4.6.1.2. Gap Analysis
- Chapter 5. Investment Proposition Analysis
- 5.1. Global Cannabis Market Attractiveness, By Product Type
- 5.2. Global Cannabis Market Attractiveness, By Application
- 5.3. Global Cannabis Market Attractiveness, By Compound
- 5.4. Global Cannabis Market Attractiveness, By Region
- Chapter 6. Competitive Landscape
- 6.1. Company Market Share Analysis - 2024
- 6.1.1. Global Cannabis Market: Company Market Share, 2024
- 6.2. Strategic Developments
- 6.1. Company Market Share Analysis - 2024
- Chapter 7. Cannabis Market – Product Type Analysis
- 7.1. Global Cannabis Market Overview: by Product Type
- 7.1.1. Global Cannabis Market Revenue Share, by Product Type, 2024 & 2032
- 7.2. Global Cannabis Market Analysis/Overview – By Product Type
- 7.2.1. Flower – Overview/Analysis
- 7.2.2. Concentrates – Overview/Analysis
- 7.2.3. Others – Overview/Analysis
- 7.3. Flower
- 7.3.1. Global Cannabis Market for Flower, Revenue (USD Billion) 2024 - 2032
- 7.4. Concentrates
- 7.4.1. Global Cannabis Market for Concentrates, Revenue (USD Billion) 2024 - 2032
- 7.5. Others
- 7.5.1. Global Cannabis Market for Others, Revenue (USD Billion) 2024 - 2032
- 7.1. Global Cannabis Market Overview: by Product Type
- Chapter 8. Cannabis Market – Application Analysis
- 8.1. Global Cannabis Market Overview: by Application
- 8.1.1. Global Cannabis Market Revenue Share, by Application, 2024 & 2032
- 8.2. Global Cannabis Market Analysis/Overview – By Application
- 8.2.1. Medical – Overview/Analysis
- 8.2.2. Recreational – Overview/Analysis
- 8.3. Medical
- 8.3.1. Global Cannabis Market for Medical, Revenue (USD Billion) 2024 - 2032
- 8.4. Recreational
- 8.4.1. Global Cannabis Market for Recreational, Revenue (USD Billion) 2024 - 2032
- 8.1. Global Cannabis Market Overview: by Application
- Chapter 9. Cannabis Market – Compound Analysis
- 9.1. Global Cannabis Market Overview: by Compound
- 9.1.1. Global Cannabis Market Revenue Share, by Compound, 2024 & 2032
- 9.2. Global Cannabis Market Analysis/Overview – By Compound
- 9.2.1. THC-Dominant – Overview/Analysis
- 9.2.2. CBD-Dominant – Overview/Analysis
- 9.2.3. Balanced THC & CBD – Overview/Analysis
- 9.3. THC-Dominant
- 9.3.1. Global Cannabis Market for THC-Dominant, Revenue (USD Billion) 2024 - 2032
- 9.4. CBD-Dominant
- 9.4.1. Global Cannabis Market for CBD-Dominant, Revenue (USD Billion) 2024 - 2032
- 9.5. Balanced THC & CBD
- 9.5.1. Global Cannabis Market for Balanced THC & CBD, Revenue (USD Billion) 2024 - 2032
- 9.1. Global Cannabis Market Overview: by Compound
- Chapter 10. Cannabis Market – Regional Analysis
- 10.1. Global Cannabis Market: Regional Overview
- 10.1.1. Global Cannabis Market Revenue Share, by Region, 2024 & 2032
- 10.1.2. Global Cannabis Market Revenue, by Region, 2024 – 2032 (USD Billion)
- 10.2. North America
- 10.2.1. North America Cannabis Market Revenue, 2024 - 2032 (USD Billion)
- 10.2.2. North America Cannabis Market Revenue, by Country, 2024 – 2032 (USD Billion)
- 10.2.3. North America Cannabis Market Revenue, by Product Type, 2024 – 2032
- 10.2.4. North America Cannabis Market Revenue, by Application, 2024 – 2032
- 10.2.5. North America Cannabis Market Revenue, by Compound, 2024 – 2032
- 10.2.6. U.S.
- 10.2.7. Canada
- 10.3. Europe
- 10.3.1. Europe Cannabis Market Revenue, 2024 - 2032 (USD Billion)
- 10.3.2. Europe Cannabis Market Revenue, by Country, 2024 – 2032 (USD Billion)
- 10.3.3. Europe Cannabis Market Revenue, by Product Type, 2024 – 2032
- 10.3.4. Europe Cannabis Market Revenue, by Application, 2024 – 2032
- 10.3.5. Europe Cannabis Market Revenue, by Compound, 2024 – 2032
- 10.3.6. Germany
- 10.3.7. France
- 10.3.8. U.K.
- 10.3.9. Rest of Europe
- 10.4. Asia Pacific
- 10.4.1. Asia Pacific Cannabis Market Revenue, 2024 - 2032 (USD Billion)
- 10.4.2. Asia Pacific Cannabis Market Revenue, by Country, 2024 – 2032 (USD Billion)
- 10.4.3. Asia Pacific Cannabis Market Revenue, by Product Type, 2024 – 2032
- 10.4.4. Asia Pacific Cannabis Market Revenue, by Application, 2024 – 2032
- 10.4.5. Asia Pacific Cannabis Market Revenue, by Compound, 2024 – 2032
- 10.4.6. China
- 10.4.7. Japan
- 10.4.8. India
- 10.4.9. South Korea
- 10.4.10. Rest of Asia Pacific
- 10.5. Latin America
- 10.5.1. Latin America Cannabis Market Revenue, 2024 - 2032 (USD Billion)
- 10.5.2. Latin America Cannabis Market Revenue, by Country, 2024 – 2032 (USD Billion)
- 10.5.3. Latin America Cannabis Market Revenue, by Product Type, 2024 – 2032
- 10.5.4. Latin America Cannabis Market Revenue, by Application, 2024 – 2032
- 10.5.5. Latin America Cannabis Market Revenue, by Compound, 2024 – 2032
- 10.5.6. Brazil
- 10.5.7. Rest of Latin America
- 10.6. The Middle-East and Africa
- 10.6.1. The Middle-East and Africa Cannabis Market Revenue, 2024 - 2032 (USD Billion)
- 10.6.2. The Middle-East and Africa Cannabis Market Revenue, by Country, 2024 – 2032 (USD Billion)
- 10.6.3. The Middle-East and Africa Cannabis Market Revenue, by Product Type, 2024 – 2032
- 10.6.4. The Middle-East and Africa Cannabis Market Revenue, by Application, 2024 – 2032
- 10.6.5. The Middle-East and Africa Cannabis Market Revenue, by Compound, 2024 – 2032
- 10.6.6. GCC Countries
- 10.6.7. South Africa
- 10.6.8. Rest of Middle-East Africa
- 10.1. Global Cannabis Market: Regional Overview
- Chapter 11. Company Profiles
- 11.1. Maricann Group, Inc.
- 11.1.1. Company Overview
- 11.1.2. Financial Overview
- 11.1.3. Product Portfolio
- 11.1.4. Business Strategy
- 11.1.5. Recent Developments
- 11.2. Canopy Growth Corporation
- 11.3. Aphria, Inc.
- 11.4. ABcann Medicinals, Inc.
- 11.5. Aurora Cannabis Inc.
- 11.6. Tilray
- 11.7. The Cronos Group
- 11.8. Organigram Huldings, Inc.
- 11.9. Tikun Olam.
- 11.1. Cannabis Science Inc.
- 11.11. VIVO Cannabis Inc.
- 11.12. Medical Marijuana, Inc.
- 11.13. STENOCARE
- 11.14. Terra Tech Corp.
- 11.15. MedMen
- 11.1. Maricann Group, Inc.
Table Of Figures
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Cannabis Market Revenue, 2024 - 2032 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global Cannabis Market
FIG. 6 Global Cannabis Market Attractiveness, By Product Type
FIG. 7 Global Cannabis Market Attractiveness, By Application
FIG. 8 Global Cannabis Market Attractiveness, By Compound
FIG. 9 Global Cannabis Market Attractiveness, By End-User
FIG. 10 Company Share Analysis, 2024
FIG. 11 Global Cannabis Market Revenue Share, by Product Type, 2024 & 2032
FIG. 12 Global Cannabis Market for Flower, Revenue (USD Billion) 2024 - 2032
FIG. 13 Global Cannabis Market for Concentrates, Revenue (USD Billion) 2024 - 2032
FIG. 14 Global Cannabis Market for Others, Revenue (USD Billion) 2024 - 2032
FIG. 15 Global Cannabis Market Revenue Share, by Application, 2024 & 2032
FIG. 16 Global Cannabis Market for Medical, Revenue (USD Billion) 2024 - 2032
FIG. 17 Global Cannabis Market for Recreational, Revenue (USD Billion) 2024 - 2032
FIG. 18 Global Cannabis Market Revenue Share, by Compound, 2024 & 2032
FIG. 19 Global Cannabis Market for THC-Dominant, Revenue (USD Billion) 2024 - 2032
FIG. 20 Global Cannabis Market for CBD-Dominant, Revenue (USD Billion) 2024 - 2032
FIG. 21 Global Cannabis Market for Balanced THC & CBD, Revenue (USD Billion) 2024 - 2032
FIG. 22 Global Cannabis Market Revenue Share, by Region, 2024 & 2032
FIG. 23 North America Cannabis Market Revenue, 2024 - 2032 (USD Billion)
FIG. 24 Europe Cannabis Market Revenue, 2024 - 2032 (USD Billion)
FIG. 25 Asia Pacific Cannabis Market Revenue, 2024 - 2032 (USD Billion)
FIG. 26 Latin America Cannabis Market Revenue, 2024 - 2032 (USD Billion)
FIG. 27 The Middle-East and Africa Cannabis Market Revenue, 2024 - 2032 (USD Billion)
FIG. 28 Maricann Group, Inc. Business Segment Revenue Share, 2024 (%)
FIG. 29 Maricann Group, Inc. Geographical Segment Revenue Share, 2024 (%)
Table Of Tables
List of Tables
TABLE 1 Global Cannabis Market: Snapshot
TABLE 2 Drivers of the Cannabis Market: Impact Analysis
TABLE 3 Restraints for the Cannabis Market: Impact Analysis
TABLE 4 Global Cannabis Market Revenue, by Region, 2024 – 2032 (USD Billion)
TABLE 5 North America Cannabis Market Revenue, by Country, 2024 – 2032 (USD Billion)
TABLE 6 North America Cannabis Market Revenue, by Product Type, 2024 – 2032 (USD Billion)
TABLE 7 North America Cannabis Market Revenue, by Application, 2024 – 2032 (USD Billion)
TABLE 8 North America Cannabis Market Revenue, by Compound, 2024 – 2032 (USD Billion)
TABLE 9 Europe Cannabis Market Revenue, by Country, 2024 – 2032 (USD Billion)
TABLE 10 Europe Cannabis Market Revenue, by Product Type, 2024 – 2032 (USD Billion)
TABLE 11 Europe Cannabis Market Revenue, by Application, 2024 – 2032 (USD Billion)
TABLE 12 Europe Cannabis Market Revenue, by Compound, 2024 – 2032 (USD Billion)
TABLE 13 Asia Pacific Cannabis Market Revenue, by Country, 2024 – 2032 (USD Billion)
TABLE 14 Asia Pacific Cannabis Market Revenue, by Product Type, 2024 – 2032 (USD Billion)
TABLE 15 Asia Pacific Cannabis Market Revenue, by Application, 2024 – 2032 (USD Billion)
TABLE 16 Asia Pacific Cannabis Market Revenue, by Compound, 2024 – 2032 (USD Billion)
TABLE 17 Latin America Cannabis Market Revenue, by Country, 2024 – 2032 (USD Billion)
TABLE 18 Latin America Cannabis Market Revenue, by Product Type, 2024 – 2032 (USD Billion)
TABLE 19 Latin America Cannabis Market Revenue, by Application, 2024 – 2032 (USD Billion)
TABLE 20 Latin America Cannabis Market Revenue, by Compound, 2024 – 2032 (USD Billion)
TABLE 21 The Middle-East and Africa Cannabis Market Revenue, by Country, 2024 – 2032 (USD Billion)
TABLE 22 The Middle-East and Africa Cannabis Market Revenue, by Product Type, 2024 – 2032 (USD Billion)
TABLE 23 The Middle-East and Africa Cannabis Market Revenue, by Application, 2024 – 2032 (USD Billion)
TABLE 24 The Middle-East and Africa Cannabis Market Revenue, by Compound, 2024 – 2032 (USD Billion)
Methodology
FrequentlyAsked Questions
Cannabis, also known as marijuana or weed, is a plant with psychoactive properties. The main psychoactive compound is THC, which alters mood and perception.
According to a study, the global cannabis market size was worth around USD 28.54 billion in 2023 and is expected to reach USD 130.88 billion by 2032.
The global cannabis market is expected to grow at a CAGR of 18.56% during the forecast period.
North America is expected to dominate the cannabis market over the forecast period.
Leading players in the global cannabis market include Maricann Group, Inc., Canopy Growth Corporation, Aphria, Inc., ABcann Medicinals, Inc., Aurora Cannabis Inc., Tilray, The Cronos Group, Organigram Holdings, Inc., Tikun Olam., Cannabis Science Inc., VIVO Cannabis Inc., Medical Marijuana, Inc., STENOCARE, Terra Tech Corp., and MedMen, among others.
The cannabis market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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