A recent report on Qualiket Research has provided a brief overview of the industry with an insightful explanation. This overview mentions the definition of the product/service along with several applications of such a product or service in different end-user industries. It also includes the analysis of the production and management technology employed for the same. The report on Global Cannabis Extract Market has given an in-depth study in some new and prominent industry trends, competitive analysis, and detailed regional analysis for the review period of 2020-2027.

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Cannabis is originated from Cannabis Sativa, Cannabis ruderalis, and Cannabis Indica. THC (delta-9tetrahydrocannabidiol) is the main active ingredient of cannabis which has psychoactive properties. Extracts separated from cannabis is called as cannabis extract. Cannabis extract is available in the various forms such as phoenix tears, shatter, wax, oils, and in vaporizers. Cannabis extract are widely used in healthcare and pharmaceutical sector.

Increase in, usage of cannabis extract for treatment of chronic diseases like arthritis, Alzheimer, and caner is expected to fuel the growth of global cannabis extract market. For instance, in 2018, according to WHO (World Health Organization) around 9.6 million people are dead due to cancer, worldwide. Furthermore, legalization of cannabis is the major driving factor which is expected to boost the global cannabis extract market growth. Moreover, rise in awareness about medical benefits of cannabis extract is expected to drive the global cannabis extract market growth.

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This report mentions various factors that are causative of fast-paced expansion of the cannabis extract market. This includes a detailed study of the pricing history of the product/service, the value of the product/service, and numerous volume trends. Some principal factors studied in the report include the influence of mounting population on a global level, burgeoning technological advancements, and the dynamics of demand and supply noted in the cannabis extract market. Additionally, it also studies the impact of various government initiatives and the competitive landscape existing in the cannabis extract market through the forecast period.

However, stringent government regulation and policies of various regions is the major restraining factor which is expected to hamper the growth of global cannabis extract market.

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Global Cannabis Extract Market Key Players

Various key players are discussed into Global Cannabis Extract Market report such as Aphria Inc, Maricann Inc, Organigram Holdings Inc, The Cronos Group, TilrayTikun Olam,Ltd, Aurora Cannabis, and Canopy Growth Corporation.

Global Cannabis Extract Market Taxonomy

By Types

  • Oils
  • Tinctures

By Extract Type

  • Spectrum
  • Isolates

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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