Tag: cannabinoids global industry analysis

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What Is the Forecast for the Cannabinoids Market from 2024 to 2025?

In the last few years, the size of the cannabinoids market has increased significantly. It is predicted to climb from $39.45 billion in 2024 up to $47.43 billion in 2025, representing a compound annual growth rate (CAGR) of 20.2%. This historic surge in growth can be traced back to several factors: the legalization of medical cannabis, the heightened acceptance of cannabis, research and development initiatives, legislative adjustments, expanding understanding of the advantages of cannabinoids, investments into the cannabis sector, and a consumer inclination towards natural products.

What Is the Projected Market Size of the Cannabinoids Market?

Projected to witness sizable expansion in the coming years, the cannabinoids market is anticipated to rise to a worth of $101.9 billion by 2029, boasting a compound annual growth rate (CAGR) of 21.1%. This rise throughout the forecast period can be linked to the widespread legalization and decriminalization, advancements in research, variety in product offerings, expansion of the international market, and public health awareness drives. The upcoming trend landscape is likely to be shaped by factors such as growing acceptance and removal of societal stigmas, broadening range of products, advancements in delivery methodologies, and an emphasis on maintaining quality and safety benchmarks, along with a push for social fairness and inclusivity initiatives.

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Who are the Major Competitors in the Cannabinoids Market Outlook?

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.

What Is Fueling Growth in the Cannabinoids Market?

The cannabinoid market is expected to be driven by the increasing occurrence of chronic diseases. These diseases, which require continuous medical care and persist for a year or more, have been shown to respond to cannabinoids. The efficacy of these substances, including smoked marijuana, cannabis-based treatments, nabilone, dronabinol, and a novel THC analogue, has been explored extensively in dealing with chronic noncancerous pain, as shown by a systematic investigation of randomized controlled studies. For instance, the World Health Organization, a Switzerland-based UN subsidiary, reported in September 2023 that there were 41 million deaths annually, comprising 74% of global deaths attributed to non-communicable diseases, or chronic diseases. Therefore, the increasing incidence of chronic diseases is significantly impacting the expansion of the cannabinoid market.

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Which Cannabinoids Market Segments Are Growing the Fastest?

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

Which Industry Trends Are Shaping the Future of the Cannabinoids Market?

Leading corporations in the cannabinoids industry are strategically launching innovative cannabis-infused beauty products, including CBD and CBG rescue cream, aiming to earn a competitive advantage. Cannabis-infused beauty products facilitate the incorporation of cannabis or its byproducts, namely CBD or CBG, working as the key ingredients. These products find utility in the cosmetics sector for numerous functions like moisturizing the skin, anti-aging, and suppressing inflammation. In a case to illustrate, British Cannabis, a UK-established cannabis producer, debuted the Synergy CBG and CBD Rescue Cream in November 2022. This product marks the first-ever cannabis-based cosmetic from the UK to undergo clinical trials, now augmented with an additional active ingredient, CBG. Coupling two legal cannabis plant extracts, cannabidiol (CBD), and cannabigerol (CBG), the cream offers a soft, natural solution, ranking as one of the most all-inclusive skincare products available in the market.

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Which Countries Are Leading 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.

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This Report Delivers Insight On:

1. How big is the cannabinoids market, and how is it changing globally?

2. Who are the major companies in the cannabinoids market, and how are they performing?

3. What are the key opportunities and risks in the cannabinoids market right now?

4. Which products or customer segments are growing the most in the cannabinoids market?

5. What factors are helping or slowing down the growth of the cannabinoids market?

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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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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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What fueled the previous growth in the cannabinoids market?

The market size for cannabinoids has experienced rapid expansion in the recent past. Expectations are that it will surge from $39.45 billion in 2024 to $47.43 billion by 2025, with a compound annual growth rate (CAGR) of 20.2%. The remarkable growth during the historic period was driven by factors such as the legalization of medical cannabis, the rising acceptance of cannabis usage, ongoing research and development, amendments in regulations, increasing knowledge about the advantages of cannabinoids, investments flowing into the cannabis industry, and consumer inclinations towards natural products.

What will be the cannabinoids market size in the future?

The market size for cannabinoids is anticipated to witness rapid surge in the coming years, reaching a value of $101.9 billion by 2029 with a compound annual growth rate (CAGR) of 21.1%. Factors contributing to this projected growth during the forecast period include the broadening decriminalization and legalization, advancements in research, a variety of product choices, growth in international markets and public health education initiatives. Dominant trends expected during the forecast period involve increasing normalization and less stigmatization, expansion of product varieties, innovation in delivery systems, heightened standards for quality and safety, alongside initiatives for social equity and inclusiveness.

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What main drivers are fueling expansion in the cannabinoids market?

The escalating occurrence of long-term ailments is projected to fuel the growth of the cannabinoid market. Chronic diseases denote conditions that persist for over a year and necessitate sustained medical care. A systematic review of randomized controlled trials investigated the efficacy of cannabinoids such as smoked marijuana, cannabis-based medication’s oromucosal extracts, nabilone, dronabinol, and a fresh THC analogue in the management of constant noncancer pain. For example, the World Health Organization, a specialized agency of the United Nations based in Switzerland, reported 41 million deaths or 74% of deaths globally due to non-communicable diseases (NCDs) or chronic diseases every year in September 2023. Consequently, the escalating occurrence of long-lasting diseases is a significant driver for the expansion of the cannabinoid market.

What key areas define the segmentation of the global cannabinoids market?

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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Who are the dominant players expanding their reach in the cannabinoids 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.

How are evolving market trends shaping cannabinoids Strategies?

Major firms in the cannabinoids industry are putting efforts into launching innovative cannabis-infused beauty solutions, like CBG and CBD rescue cream, aiming to strengthen their position in a competitive market. These products that incorporate cannabis or its components – CBD or CBG, serve a number of purposes in the beauty sector including moisturization, anti-aging, and reducing inflammation. For instance, British Cannabis, a cannabis manufacturer from the UK, in November 2022, introduced the Synergy CBG and CBD Rescue Cream. This product, the first of its kind in the UK to go through clinical trials, now boasts an additional active component – CBG. Its composition, which includes two lawful, organic cannabis plant extracts, the cannabidiol (CBD), and cannabigerol (CBG), makes Synergy CBD Rescue Cream one of the most inclusive skincare offerings in the market.

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Which regions are emerging as leaders in 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.

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What CAGR is Anticipated for the Cannabinoids Market During the Forecast Period, and Why?

The cannabinoids market size has grown exponentially in recent years. It will grow from $39.45 billion in 2024 to $47.43 billion in 2025 at a compound annual growth rate (CAGR) of 20.2%. The growth in the historic period can be attributed to medical cannabis legalization, increasing acceptance of cannabis, research and development, regulatory changes, growing awareness of cannabinoid benefits, investments in cannabis industry, consumer trends toward natural products.

The cannabinoids market size is expected to see exponential growth in the next few years. It will grow to $101.9 billion in 2029 at a compound annual growth rate (CAGR) of 21.1%. The growth in the forecast period can be attributed to wider legalization and decriminalization, research advancements, diverse product offerings, international market expansion, public health awareness initiatives. Major trends in the forecast period include increasing acceptance and destigmatization, diversification of product offerings, innovation in delivery methods, quality and safety standards, social equity and inclusivity initiatives.

Which Primary Drivers Are Supporting the Continued Expansion of the cannabinoids Market?

The rising prevalence of chronic diseases is expected to propel the cannabinoid market. Chronic diseases refer to illnesses that last a year or longer and require ongoing medical attention. The effectiveness of cannabinoids, such as smoked marijuana, oromucosal extracts of cannabis-based medication, nabilone, dronabinol, and a new THC analogue, in the treatment of chronic noncancer pain, was examined in a systematic review of randomized controlled trials. For instance, in September 2023, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. As a result, the rising prevalence of chronic diseases is driving the growth of the cannabinoid market.

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Which Companies Are Poised to Shape the Future of the Cannabinoids Market?

Major companies operating in the cannabinoids market are:

• The Supreme Cannabis Company Inc._x000D_

• Elixinol Global Limited_x000D_

• GW Pharmaceuticals PLC._x000D_

• Tilray Inc._x000D_

• Aurora Cannabis Inc._x000D_

What Are the Latest Innovations and Trends Influencing the Cannabinoids Market?

Major companies operating in the cannabinoids market are focused on introducing advanced cannabis-based cosmetic solutions, such as CBG and CBD rescue cream, to gain a competitive edge in the market. Cannabis-based cosmetic solutions are cosmetic products that contain cannabis or its derivatives, such as CBD or CBG, as an active ingredient. These products are used in the cosmetic industry for various purposes, such as skin moisturizing, anti-aging, and anti-inflammatory effects. For instance, in November 2022, British Cannabis, a UK-based producer of cannabis, launched the Synergy CBG and CBD Rescue Cream. It is the UK’s first cannabis cosmetic to undertake clinical trials, and it is now all the better from having an extra-active ingredient, CBG, in its formula. Together with two natural, legal cannabis plant extracts, cannabidiol (CBD) and cannabigerol (CBG), Synergy CBD Rescue Cream is a gentle, natural cream that makes up one of the most comprehensive skin care products on the market.

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Which Growth-Oriented Segments of the Cannabinoids Market Are Leading the Industry’s Development?

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

What Regions Are Contributing Significantly to 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.

How Is the Definition of the Cannabinoids Market Impacting Future Growth?

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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About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

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YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

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