Global Cannabis Concentrate Market Size Worth $18.5 Billion by 2030 at a 25.04% CAGR: Custom Market Insights

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Sandy, United States, Sept. 05, 2022 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Cannabis Concentrate Market Size, Trends and Insights By Type (Live Resins, Wax, Oil, Chatter, Vape), By End User (Medical, Recreational Next, Food Industry), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for global Cannabis Concentrate Market size & share was valued at approximately USD 3.94 Billion in 2021 and is expected to reach a value of around USD 18.5 Billion by 2030, at a compound annual growth rate (CAGR) of about 25.04% during the forecast period 2022 to 2030.”

The demand for the products obtained from cannabis concentrate has experienced a surge in the current market owing to the numerous benefits which have been obtained from them.

The therapeutic value of cannabis products proves to be an important benefit for society as it helps cure many chronic diseases. Cannabis concentrates are used widely in the preparation of ointments and lotions which are used by the cosmetic industry in order to produce faster effects on the skin. A number of neurological disorders are also treated with the support of cannabis concentrates which are mainly obtained from the cannabis flowers.

Click Here to Access a Free Sample Report of the Global Cannabis Concentrate Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=17255

Regional Snapshots

The region of North America has shown the maximum growth in the demand and supply of cannabis concentrates pertaining to the legalization of cannabis products. A huge number of people belonging to the geriatric population reside in this region who suffered from numerous chronic diseases and find their treatment with the help of cannabis concentrates. 

Legalization of the cannabis products has also encouraged cultivation and distribution through small-scale industries under strict guidelines laid down by the government with the possession of a license. The region of Europe has also shown considerable growth due to the huge demand for cannabis concentrates experienced in the market.

This region has recently legalized the sales and demand of cannabis concentrates and its products with a view to supporting the development of the market. The advanced health facilities that are provided by the government to the people have greatly influenced the use of cannabis products for the purpose of treatment. Canada and South America also form a major market that utilizes cannabis concentrates and its medicinal products on a large scale.

The variation in the temperature settings in order to obtain the active principles from the cannabis flowers place an important role in the manufacturing process.

The region of Asia Pacific shows a slower growth pertaining to the strict guidelines and restrictions laid down by the governing bodies regarding the supply and production of cannabis products. This has hampered the growth of the market.

(A free sample of the Cannabis Concentrate report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on Request
  • Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Cannabis Concentrate report has been modified to include the COVID-19 impact study prior to delivery.)

To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=17255

Market Drivers

The huge demand for cannabis concentrates and the products made from this substance help to drive the market growth to considerable heights. The multiple health benefits obtained from using cannabis products prove to be an important driving factor for the market’s growth. Chronic diseases related to the neurological system are treated with the help of cannabis products. The cosmetic industry and the healthcare industry are making use of cannabis products on a large scale which proves to be a major driving factor for the growth of the concentrate market.

Restraints

The huge cost associated with the use of cannabis concentrates and products proves to be a major restraining factor for the growth of the market. The strict rules and regulations lay down by several countries regarding the distribution and supply of cannabis products prove to be an obstacle during the growth phase of the market. The market growth is also hampered by the various side effects which are produced by the use of cannabis products. These reasons prove to be obstacles to the growing yours of the market.

Opportunities

The new flavours and combinations which have been introduced by the key market players owing to the extensive research and development carried out prove to be an important opportunity for the growth of the market. 

The number of side effects produced by the use of cannabis products has been controlled with the help of advanced methods. Advanced methods have been used in the vaporizers to obtain the concentrates in their original form and maintain the active principles of the products. Many countries have offered legalization to the sales and distribution of cannabis products in the market which proves to be an important opportunity for the key market players. 

The rapidly growing competition among the key market players for introducing new flavours and combinations has proven to be an opportunity for the newly introduced startups.

Key market players

  • Indiva Limited
  • Westleaf Inc.
  • Aurora Cannabis Inc.
  • World Class Extractions Inc.
  • Medical Marijuana Inc.
  • Canopy Growth Corporation
  • MediPharm Labs
  • Radient Technologies Inc.
  • Neptune Wellness Solutions
  • Valens GroWorks Corporation.
  • StillCanna Inc.

Key questions answered in this report:

  • What is the size of the Cannabis Concentrate market and what is its expected growth rate?
  • What are the primary driving factors that push the Cannabis Concentrate market forward?
  • What are the Cannabis Concentrate Industry’s top companies?
  • What are the different categories that the Cannabis Concentrate Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Cannabis Concentrate market sample report and company profiles?

To know about the assumptions considered for the study, download the pdf brochure @https://www.custommarketinsights.com/request-for-free-sample/?reportid=17255

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Directly Purchase a copy of the Cannabis Concentrate report [220+ Pages] @ https://www.custommarketinsights.com/checkout/?reportid=17255

Recent Developments

  • In April 2021 – the supreme cannabis corporation was taken over by canopy growth company and what disclosure was made regarding an agreement between them in order to expand the reach of the company? The aim was to make a significant place in the global market.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 3.94 Billion
Projected Market Size in 2030 USD 18.5 Billion
CAGR Growth Rate 25.04% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Indiva Limited, Westleaf Inc., Aurora Cannabis Inc., World Class Extractions Inc., Medical Marijuana Inc., Canopy Growth Corporation, MediPharm Labs, Radient Technologies Inc., Neptune Wellness Solutions, Valens GroWorks Corporation., StillCanna Inc., and Others
Key Segment By Type, End User, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Regional Insights

On the basis of geography, the region of North America has shown the maximum growth as a result of the huge demand and supply that takes place of cannabis products as a result of the legalization rules which have been imposed regarding the use of this substance.

The rapid research and development which is carried out by the key market players in order to understand the medicinal benefits, as well as the side effects caused due to the medicine, has helped the market to record substantial growth and on potential consumers in order to maintain the long-term sales of the products. The region of Asia Pacific countries has shown unlimited growth as a result of the constant restrictions and rules which are imposed on the utilization of components.

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Segments covered in the report on the cannabis concentrate market

On the basis of Type

  •  Live resins
  •  Wax
  •  Oil
  •  Chatter
  •  Vape

On the basis of End User

  •  Medical
  •  Recreational next
  •  Food industry

On the basis of Geography

North America

  •  The U.S.
  •  Canada
  •  Mexico

Europe

  •  France
  •  The UK
  •  Spain
  •  Germany
  •  Italy
  •  Rest of Europe

Asia Pacific

  •  China
  •  Japan
  •  India
  •  Australia
  •  South Korea
  •  Rest of Asia Pacific

The Middle East & Africa

  •  Saudi Arabia
  •  UAE
  •  Egypt
  •  Kuwait
  •  South Africa
  •  Rest of the Middle East & Africa

Latin America

  •  Brazil
  •  Argentina
  •  Rest of Latin America

To know about the assumptions considered for the study, download the pdf brochure @https://www.custommarketinsights.com/request-for-free-sample/?reportid=17255

Spectacular Deals

  • Comprehensive coverage
  • Maximum number of market tables and figures
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  • Service guarantees are available.
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Reasons for the Research Report

  •  The study’s goal is to provide a thorough overview of the global Cannabis Concentrate market. Compare your performance to that of the market as a whole.
  •  Aim to maintain your competitiveness while market growth is fueled by innovations from established key players.

What does the report include?

  •  Drivers, restrictions, and opportunities are among the qualitative elements covered in the analysis of the worldwide Cannabis Concentrate market.
  •  The competitive environment of current and potential participants in the Cannabis Concentrate market is covered in the report, as well as those companies’ strategic product development ambitions.
  •  According to the component, application, and industry vertical, the market is analysed both qualitatively and quantitatively in this study. Additionally, the report offers comparable data for the important regions.
  •  For each of the aforementioned segments, actual market sizes and forecasts have been given.

Who should buy this report?

  •  Participants and stakeholders in the worldwide Cannabis Concentrate market should find this report useful. The research will be useful to all market participants in the Cannabis Concentrate industry.
  •  Managers in the Cannabis Concentrate sector are interested in publishing up-to-date and projected data about the worldwide Cannabis Concentrate market.
  •  Governmental agencies, regulatory bodies, decision-makers, and organisations wanting to invest i market trends for Cannabis Concentrate products.
  •  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organisations to develop future plans. 

Directly Purchase a copy of the Cannabis Concentrate report [220+ Pages] @ https://www.custommarketinsights.com/checkout/?reportid=17255

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