2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Are the Primary Drivers Supporting the Market Growth of theCannabinoids Market?

The growing incidence of long-lasting illnesses, known as chronic diseases, is poised to fuel the growth of the cannabinoid market. Chronic diseases, which last a year or more and necessitate constant medical treatment, can be effectively treated with cannabinoids such as smoked marijuana, oromucosal extracts of cannabis-based medication, nabilone, dronabinol, and a new THC analogue. This was confirmed in a systematic analysis of randomized controlled trials investigating the role of cannabinoids in treating chronic non-cancer pain. Specifically, the World Health Organization, a Switzerland-based arm of the United Nations, reported in September 2023 that there were 41 million deaths worldwide yearly due to non-communicable diseases or chronic illnesses, accounting for 74% of all deaths. It is this increasing incidence of chronic diseases that is steering the expansion of the cannabinoid market.

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What is the Predicted Annual Growth Rate of the Cannabinoids Market Impact Industry Trends by 2034?

In the past years, the size of the cannabinoids market has experienced rapid expansion. In 2024, it was valued at $39.45 billion and is projected to increase to $47.43 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 20.2%. The significant growth during the historic period is due to factors such as the legalization of medical cannabis, increased acceptance of cannabis, advancements in research and development, changes in regulations, heightened awareness of the benefits of cannabinoids, investments in the cannabis industry, and a consumer trend favoring natural products.

Expectations are high for the cannabinoids market size to experience significant expansion in the ensuing years. With a compound annual growth rate (CAGR) of 21.1%, it is predicted to propel to $101.9 billion by 2029. Several factors can explain the predicted growth in the forecast period, such as more widespread legalization and decriminalization, advancements in research, expanded product offerings, global market expansion, and broader public health awareness campaigns. Notable trends for the forecast period include a surge in acceptance and decreased stigmatization, diversifying product portfolios, advancements in delivery techniques, enhancements in quality and safety measures, and growth in social equity and inclusivity initiatives.

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What Are the Latest Innovations Influencing theCannabinoids Market?

Leading entities in the cannabinoids sector are intent on launching superior cannabis-infused cosmetic solutions like CBG and CBD rescue cream as a strategy for attaining an advantage in the marketplace. Cosmetic products that incorporate cannabis or its by-products such as CBD or CBG are being referred to as cannabis-based cosmetic solutions. These offerings find their use in cosmetics for multiple functions including moistening skin, anti-aging and delivering anti-inflammatory benefits. For instance, British Cannabis, a cannabis production company based in the UK, inaugurated their Synergy CBG and CBD Rescue Cream in November 2022. This product, being the first of its kind in the UK to undergo clinical testing, has improved owing to the inclusion of an extra active compound, CBG, in its composition. Along with two lawful, organic extracts from the cannabis plant, cannabidiol (CBD) and cannabigerol (CBG), the Synergy CBD Rescue Cream is a soothing, natural cream ranked among the most extensive skincare goods available in the marketplace.

Who Are the Major Industry Players Accelerating Growth in theCannabinoids Market?

Major companies operating in the cannabinoids market are The Supreme Cannabis Company Inc., Elixinol Global Limited, GW Pharmaceuticals PLC., Tilray Inc., Aurora Cannabis Inc., Innovative Ind Props, Curaleaf Holdings Inc., Green Thumb Industries, Verano Holdings, Trulieve Cannabis Corp., Cresco Labs Inc., Cronos Group, TerrAscend Corp., Canopy Growth Corp., Sundial Growers Inc., Decibel Cannabis Company, Auxly Cannabis Group, Red White & Bloom Brands, BZAM Ltd, Delta 9 Cannabis Inc., Mylan N.V., Westleaf Cannabis Inc., GrowGeneration, The Scotts Miracle-Gro Company, Jazz Pharmaceuticals PLC, Aphria Inc., Organigram Inc., Alkem labs, MediPharm Labs Corp., The Valens GroWorks Inc.

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Which Primary Segments of the Cannabinoids Market Are Driving Growth and Industry Transformations?

The cannabinoids market covered in this report is segmented –

1) By Product Type: Cannabidiol, Tetrahydrocannabinol, Cannabinol, Other Product Types

2) By Distribution: Hospital Pharmacies, Retail Pharmacies, Online Stores

3) By Application: Medical, Recreational, Industrial Hemp

Subsegments:

1) By Cannabidiol (CBD): Full-Spectrum CBD, Broad-Spectrum CBD, CBD Isolate

2) By Tetrahydrocannabinol (THC): Delta-9 THC, Delta-8 THC

3) By Cannabinol (CBN): CBN Isolate, CBN Oil

4) By Other Product Types: Cannabigerol (CBG), Cannabichromene (CBC), Terpenes And Other Phytocannabinoids

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https://www.thebusinessresearchcompany.com/customise?id=8079&type=smpGlobal Cannabinoids Market, Global Cannabinoids Market Report, Global Cannabinoids Market Trends, Global Cannabinoids Market Size

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