Discover trends, market shifts, and competitive outlooks for the cannabinoids industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Projected Market Size and Growth Rates for the Cannabinoids Market From 2025 To 2029?

The market for cannabinoids has seen significant expansion in the past few years. The market, which was valued at $39.45 billion in 2024, is projected to rise to $47.43 billion in 2025, boasting a compound annual growth rate (CAGR) of 20.2%. Factors such as the legalization of medicinal cannabis, increased societal acceptance of cannabis, research and development efforts, changes in regulation, a heightened understanding of the benefits of cannabinoids, financial investment in the cannabis sector, and consumer preference for natural products contributed to this historic period growth.

The market size of cannabinoids is anticipated to experience a significant rise in the forthcoming years, reaching $101.9 billion in 2029 with a compound annual growth rate (CAGR) of 21.1%. The positive growth trajectory during the forecast period can be credited to factors such as expanded legalization and decriminalization, advances in research, a rich selection of product offerings, growth in the international market, and initiatives aimed at improving public health awareness. The forecast period also witnesses major trends like the growing acceptance and destigmatization of cannabinoids, a broadening range of product offerings, innovation in delivery techniques, plus the establishment of quality and safety standards. Social equity and inclusivity initiatives are also contributing factors.

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Which Primay Drivers Are Accelerating Growth in the Cannabinoids Market?

The increasing occurrence of long-lasting illnesses, also known as chronic diseases, is predicted to fuel the surge of the cannabinoid market. Chronic diseases typically span a year or more and require continuous medical care. A systematic review of randomized controlled trials considered the efficacy of cannabinoids, including smoked marijuana, oral cannabis-based medicine extracts, nabilone, dronabinol, and a new THC analog, for treating chronic noncancer pain. The World Health Organization, a specialized United Nations agency based in Switzerland, recorded 41 million deaths in September 2023, which accounted for 74% of global deaths due to non-communicable diseases (NCDs) or chronic illnesses each year. Therefore, the augmenting chronic disease prevalence is pushing the expansion of the cannabinoid market.

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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Which Regions Are Key Players in the Growth of the Cannabinoids Market?

North America was the largest region in the cannabinoids market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cannabinoids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which Technological Trends Are Reshaping the Cannabinoids Industry Dynamics?

Leading corporations in the cannabinoids market are concentrating on launching innovative cannabis-driven cosmetic products, such as CBG and CBD rescue cream, to establish a competitive advantage. Cosmetics infused with cannabis or its byproducts like CBD or CBG are used in the beauty industry for several purposes, including skin hydration, anti-aging, and anti-inflammation. For example, British Cannabis, a manufacturer based in the UK, debuted the Synergy CBG and CBD Rescue Cream in November 2022. This product has the distinction of being the first cannabis cosmetic to undergo clinical trials in the UK and now boasts an additional active component, CBG. The Synergy CBD Rescue Cream compiles two legal cannabis extracts, CBD and CBG, making it one of the most inclusive skincare products available in the market.

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What Parameters Are Used to Define the Cannabinoids Market?

Cannabinoids refer to a particular marijuana chemical that has effects similar to those of drugs across the immunological and central nervous systems. The cannabinoid is used to treat the side effects or symptoms of chronic diseases, like cancer treatment.

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