Healthcare Services

A significant industry trend in the Cannabis Extract Market includes the STENOCARE Launches Next-Generation Medical Cannabis Oil Product For Global Markets

March 30, 2026 by Marketing Posting

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How Will The Market Size Of The Cannabis Extract Market Evolve From 2026 To 2030?

The cannabis extract market has witnessed substantial growth over recent years. This market is projected to expand from $12.6 billion in 2025 to reach $15.13 billion by 2026, achieving a compound annual growth rate (CAGR) of 20.1%. Historically, this expansion can be ascribed to several factors, including the increasing legalization of hemp-derived products, a growing consumer appetite for natural therapeutics, the scaling up of CBD oil production, the emergence of cosmetic ingredient applications, and the accessibility of commercial extraction technologies.

The cannabis extract market size is anticipated to experience substantial expansion in the coming years. This market is projected to reach $30.83 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 19.5%. Factors contributing to this growth during the forecast period include the increasing use of cannabis extracts in pharmaceuticals, greater investments in GMP-compliant extraction facilities, the broadening of regulated cannabis product markets, a surging demand for high-purity extracts, and their increasing incorporation into wellness and personal care items. Key trends foreseen in this period involve a heightened demand for full-spectrum cannabis extracts, an increased application of cannabis extracts within pharmaceuticals, wider adoption in cosmetic and wellness products, the development of standardized extraction processes, and improved quality control and traceability measures.

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What Key Drivers Are Influencing The Growth Of The Cannabis Extract Market?

The rising incidence of cancer is anticipated to drive the expansion of the cannabis extract market in the future. Cancer is defined as a condition where certain body cells multiply uncontrollably and disseminate to other parts of the body. Cannabis extract offers therapeutic benefits for cancer patients experiencing neuropathy, nausea, pain, vomiting, as well as issues with appetite and weight loss. The progression of cancer is influenced by cannabis extract through its role in stimulating autophagy and impacting signaling pathways that induce apoptosis. As an illustration, the National Institutes of Health, a US-based Government agency, reported in May 2024, that 2,001,140 new cancer cases are projected for diagnosis in the United States in 2024, with 611,720 individuals expected to succumb to the illness. Consequently, the growing prevalence of cancer is a key factor propelling the expansion of the cannabis extract market.

Which Segment Areas Are Covered In The Cannabis Extract Market Analysis?

The cannabis extract market covered in this report is segmented –

1) By Product Type: Oils, Tinctures

2) By Extract Type: Full Spectrum Extracts, Cannabis Isolates

3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies

4) By Application: Cosmetic, Pharmaceutical

Subsegments:

1) By Oils: CBD Oils, Full-Spectrum Oils

2) By Tinctures: CBD Tinctures, Herbal Infused Tinctures

What Key Developments And Trends Are Impacting The Cannabis Extract Market?

Companies primarily engaged in the cannabis extract market are prioritizing the creation of advanced solutions, such as medical cannabis oil products, to satisfy growing needs in both therapeutic and wellness domains. Medical cannabis oil products are defined as oils extracted from the cannabis plant containing active cannabinoids, including cannabidiol (CBD) and tetrahydrocannabinol (THC), intended for therapeutic use. As an illustration, in May 2024, Stenocare A/S, a Denmark-based pharmaceutical industry company, unveiled its new generation medical cannabis oil product, Astrum 10-10, which has secured regulatory authorization for distribution in Australia and Germany. This innovative offering seeks to establish fresh pharmaceutical-grade criteria for the efficacy and potency of medical cannabis. The release is part of STENOCARE’s broader plan to broaden patient access to superior prescription-based medical cannabis. The initial sales of this product are expected by Q4 2024, demonstrating STENOCARE’s commitment to product innovation and market expansion within the dynamic medical cannabis landscape.

Which Global Companies Are Actively Competing In The Cannabis Extract Market?

Major companies operating in the cannabis extract market are Canopy Growth Corporation, Tikun Olam, Aurora Cannabis Inc., Aphria Inc., Tilray Inc., GW Pharmaceuticals PLC, The Cronos Group, Elixinol Global Limited, Medipharm Labs Corp., The Valens Company Inc., Curaleaf Holdings Inc., Green Thumb Industries, Verano Holdings, Trulieve Cannabis Corp., Cresco Labs Inc., Delta 9 Cannabis Inc., BZAM Ltd., Sundial Growers Inc., Auxly Cannabis Group, Red White & Bloom Brands, Jazz Pharmaceuticals PLC, Organigram Inc., MedReleaf Corp., Terrascend Corp.

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Which Region Is Expected To Register The Fastest Growth In The Cannabis Extract Market?

North America was the largest region in the cannabis extract market in 2025. The regions covered in the cannabis extract market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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