This report aims to provide a comprehensive presentation of the global market for Cannabis, with and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cannabis.
The Cannabis market size considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Cannabis market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Cannabis manufacturers, new entrants, and industry chain related companies in this market with information for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
The global Cannabis market size in 2022 is 26100.0 million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 23.50% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Cannabis market include Aurora Cannabis Inc., Tilray, Inc., Canopy Growth Corporation, Cresco Labs, LLC, and Curaleaf, Inc.. The share of the top 3 players in the Cannabis market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Cannabis market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Buds or Marijuana Flower accounted for XX% of Cannabis market in 2022. Cannabis Extracts share of XX%.
Medical accounted for XX% of the Cannabis market in 2022. Recreational accounts for XX%.
Consumer needs and trends have always been important drivers of the consumer goods industry. Today's consumers pay more attention to product quality, health, environmental protection and other aspects. For example, plant-based products, gluten-free foods, organic cosmetics, etc. are receiving more and more attention. In addition, with the popularization of 5G technology, products such as smart home and smart wearables will also have broader market prospects.
Some notable trends:
E-commerce Expansion: The growth of online shopping continues to reshape the consumer goods industry. More consumers are embracing the convenience and accessibility of e-commerce platforms, leading to a surge in online sales. Companies are investing heavily in their online presence, optimizing websites for mobile devices, and enhancing the overall customer experience through personalized recommendations and fast delivery options.
Direct-to-Consumer (D2C) Brands: D2C brands have gained significant traction in recent years. These companies bypass traditional retail channels and sell directly to consumers through their websites or specialized online platforms. D2C brands often focus on niche markets, offering unique and innovative products, and leveraging social media marketing to build strong customer relationships.
Rise of Subscription Services: Subscription-based models are on the rise, particularly in industries like beauty, fashion, and food. These services provide consumers with a regular supply of products delivered to their doorstep, offering convenience and the element of surprise. Companies are leveraging subscriptions to build customer loyalty, gather data, and create recurring revenue streams.
Key Regions Covered in This Report Are
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
South America
Brazil
Argentina
Colombia
MEA
Saudi Arabia
Egypt
Nigeria
Some of the major players operating in the global market include:
Aurora Cannabis Inc.
Tilray, Inc.
Canopy Growth Corporation
Cresco Labs, LLC
Curaleaf, Inc.
Ecofibre Ltd.
Green Thumb Industries Inc.
HEXO Operations Inc.
INDIVA Inc.
Maricann Inc.
Segment by Type
Buds or Marijuana Flower
Cannabis Extracts
Segment by Application
Medical
Recreational
Others
Table of Content
1 Cannabis Market Overview
1.1 Cannabis Product Description
1.2 Cannabis Market Segment by Type
1.3 Global Cannabis Market Size by Type
1.3.1 Global Cannabis Market Size Overview by Type
1.3.2 Global Cannabis Historic Market Size Review by Type
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Cannabis Sales Breakdown by Type
1.4.2 Europe Cannabis Sales Breakdown by Type
1.4.3 Asia-Pacific Cannabis Sales Breakdown by Type
1.4.4 Latin America Cannabis Sales Breakdown by Type
1.4.5 Middle East and Africa Cannabis Sales Breakdown by Type
2 Global Cannabis by Application
2.1 Cannabis Market Segment by Application
2.2 Global Cannabis Market Size by Application
2.2.1 Global Cannabis Market Size Overview by Application
2.2.2 Global Cannabis Historic Market Size Review by Application
2.3 Key Regions Market Size Segment by Application
2.3.1 North America Cannabis Sales Breakdown by Application
2.3.2 Europe Cannabis Sales Breakdown by Application
2.3.3 Asia-Pacific Cannabis Sales Breakdown by Application
2.3.4 Latin America Cannabis Sales Breakdown by Application
2.3.5 Middle East and Africa Cannabis Sales Breakdown by Application
3 Cannabis Status and Outlook by Region
3.1 Global Cannabis Market Size and CAGR by Region: 2018 VS 2023 VS 2029
3.2 Global Cannabis Historic Market Size by Region
3.2.1 Global Cannabis Sales in Volume by Region
3.2.2 Global Cannabis Sales in Value by Region
3.2.3 Global Cannabis Sales Price and Gross Margin
3.3 Global Cannabis Forecasted Market Size by Region
3.3.1 Global Cannabis Sales in Volume by Region
3.3.2 Global Cannabis Sales in Value by Region
3.3.3 Global Cannabis Sales Price and Gross Margin
4 Global Cannabis Market Competition by Company
4.1 Global Top Players by Cannabis Sales
4.2 Global Top Players by Cannabis Revenue
4.3 Global Top Players Cannabis Price
4.4 Global Top Manufacturers Cannabis Manufacturing Base Distribution, Sales Area, Product Type
4.5 Cannabis Market Competitive Situation and Trends
4.5.1 Cannabis Market Concentration Rate
4.5.2 Global 3 and 6 Largest Manufacturers by Cannabis Sales and Revenue in 2022
4.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Cannabis as of 2022)
4.7 Date of Key Manufacturers Enter into Cannabis Market
4.8 Key Manufacturers Cannabis Product Offered
4.9 Mergers & Acquisitions, Expansion
5 North America Cannabis by Country
5.1 North America Cannabis Historic Market Size by Country
5.1.1 North America Cannabis Sales in Volume by Country
5.1.2 North America Cannabis Sales in Value by Country
5.2 North America Cannabis Forecasted Market Size by Country
5.2.1 North America Cannabis Sales in Volume by Country
5.2.2 North America Cannabis Sales in Value by Country
6 Europe Cannabis by Country
6.1 Europe Cannabis Historic Market Size by Country
6.1.1 Europe Cannabis Sales in Volume by Country
6.1.2 Europe Cannabis Sales in Value by Country
6.2 Europe Cannabis Forecasted Market Size by Country
6.2.1 Europe Cannabis Sales in Volume by Country
6.2.2 Europe Cannabis Sales in Value by Country
7 Asia-Pacific Cannabis by Country
7.1 Asia-Pacific Cannabis Historic Market Size by Country
7.1.1 Asia-Pacific Cannabis Sales in Volume by Country
7.1.2 Asia-Pacific Cannabis Sales in Value by Country
7.2 Asia-Pacific Cannabis Forecasted Market Size by Country
7.2.1 Asia-Pacific Cannabis Sales in Volume by Country
7.2.2 Asia-Pacific Cannabis Sales in Value by Country
8 Latin America Cannabis by Country
8.1 Latin America Cannabis Historic Market Size by Country
8.1.1 Latin America Cannabis Sales in Volume by Country
8.1.2 Latin America Cannabis Sales in Value by Country
8.2 Latin America Cannabis Forecasted Market Size by Country
8.2.1 8.2.1 Latin America Cannabis Sales in Volume by Country
8.2.2 8.2.2 Latin America Cannabis Sales in Value by Country
9 Middle East and Africa Cannabis by Country
9.1 Middle East and Africa Cannabis Historic Market Size by Country
9.1.1 Middle East and Africa Cannabis Sales in Volume by Country
9.1.2 Middle East and Africa Cannabis Sales in Value by Country
9.2 Middle East and Africa Cannabis Forecasted Market Size by Country
9.2.1 Middle East and Africa Cannabis Sales in Volume by Country
9.2.2 Middle East and Africa Cannabis Sales in Value by Country
10 Manufacturers Profiles
10.1 Aurora Cannabis Inc.
10.1.1 Aurora Cannabis Inc. Information
10.1.2 Business Overview
10.1.3 Aurora Cannabis Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.1.4 Cannabis Products Offered
10.1.5 Aurora Cannabis Inc. Recent Development
10.2 Tilray, Inc.
10.2.1 Tilray, Inc. Information
10.2.2 Business Overview
10.2.3 Tilray, Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.2.4 Cannabis Products Offered
10.2.5 Tilray, Inc. Recent Development
10.3 Canopy Growth Corporation
10.3.1 Canopy Growth Corporation Information
10.3.2 Business Overview
10.3.3 Canopy Growth Corporation Cannabis Sales, Price, Revenue, Gross Margin
10.3.4 Cannabis Products Offered
10.3.5 Canopy Growth Corporation Recent Development
10.4 Cresco Labs, LLC
10.4.1 Cresco Labs, LLC Information
10.4.2 Business Overview
10.4.3 Cresco Labs, LLC Cannabis Sales, Price, Revenue, Gross Margin
10.4.4 Cannabis Products Offered
10.4.5 Cresco Labs, LLC Recent Development
10.5 Curaleaf, Inc.
10.5.1 Curaleaf, Inc. Information
10.5.2 Business Overview
10.5.3 Curaleaf, Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.5.4 Cannabis Products Offered
10.5.5 Curaleaf, Inc. Recent Development
10.6 Ecofibre Ltd.
10.6.1 Ecofibre Ltd. Information
10.6.2 Business Overview
10.6.3 Ecofibre Ltd. Cannabis Sales, Price, Revenue, Gross Margin
10.6.4 Cannabis Products Offered
10.6.5 Ecofibre Ltd. Recent Development
10.7 Green Thumb Industries Inc.
10.7.1 Green Thumb Industries Inc. Information
10.7.2 Business Overview
10.7.3 Green Thumb Industries Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.7.4 Cannabis Products Offered
10.7.5 Green Thumb Industries Inc. Recent Development
10.8 HEXO Operations Inc.
10.8.1 HEXO Operations Inc. Information
10.8.2 Business Overview
10.8.3 HEXO Operations Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.8.4 Cannabis Products Offered
10.8.5 HEXO Operations Inc. Recent Development
10.9 INDIVA Inc.
10.9.1 INDIVA Inc. Information
10.9.2 Business Overview
10.9.3 INDIVA Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.9.4 Cannabis Products Offered
10.9.5 INDIVA Inc. Recent Development
10.10 Maricann Inc.
10.10.1 Maricann Inc. Information
10.10.2 Business Overview
10.10.3 Maricann Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.10.4 Cannabis Products Offered
10.10.5 Maricann Inc. Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Cannabis Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Cannabis Industrial Chain Analysis
11.4 Cannabis Market Dynamics
11.4.1 Cannabis Industry Trends
11.4.2 Cannabis Growth Drivers
11.4.3 Cannabis Market Challenges
11.4.4 Cannabis Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Cannabis Distributors
12.3 Cannabis Downstream Customers
13 Research Findings and Conclusion
14 Methodology and Data Source
14.1 A Methodology
14.1.1 Research Process
14.1.2 Market Size Estimation
14.1.3 Market Breakdown and Data Triangulation
14.2 B Data Source
14.2.1 Legal Disclaimer
List of Tables and Figures
Figure Global Cannabis Market Size Overview by Type
Table Global Cannabis Sales Breakdown in Volume, by Type
Table Global Cannabis Sales Breakdown in Value, by Type
Table Global Cannabis Average Selling Price (ASP) by Type
Table Global Cannabis Sales Breakdown in Volume, by Type (2023-2029)
Table Global Cannabis Sales Breakdown in Value, by Type (2023-2029)
Table Global Cannabis Average Selling Price (ASP) by Type (2023-2029)
Table North America Cannabis Sales Breakdown in Volume, by Type
Table Europe Cannabis Sales Breakdown in Volume, by Type
Table Asia-Pacific Cannabis Sales Breakdown in Volume, by Type
Table Latin America Cannabis Sales Breakdown in Volume, by Type
Table Middle East and Africa Cannabis Sales Breakdown in Volume, by Type
Figure Global Cannabis Market Size Overview by Application
Table Global Cannabis Sales Breakdown in Volume, by Application
Table Global Cannabis Sales Breakdown in Value, by Application
Table Global Cannabis Average Selling Price (ASP) by Application
Table Global Cannabis Sales Breakdown in Volume, by Application (2023-2029)
Table Global Cannabis Sales Breakdown in Value, by Application (2023-2029)
Table Global Cannabis Average Selling Price (ASP) by Application (2023-2029)
Table North America Cannabis Sales Breakdown in Volume, by Application
Table Europe Cannabis Sales Breakdown in Volume, by Application
Table Asia-Pacific Cannabis Sales Breakdown in Volume, by Application
Table Latin America Cannabis Sales Breakdown in Volume, by Application
Table Middle East and Africa Cannabis Sales Breakdown in Volume, by Application
Table Global Cannabis Market Size and CAGR by Region: 2018 VS 2023 VS 2029
Table Global Cannabis Sales in Volume by Region
Table Global Cannabis Sales in Value by Region
Table Global Cannabis Sales Price and Gross Margin
Table Global Cannabis Sales in Volume by Region
Table Global Cannabis Sales in Value by Region
Table Global Cannabis Sales Price and Gross Margin
Table Global Top Players by Cannabis Sales
Table Global Top Players by Cannabis Revenue
Table Global Top Players by Cannabis Price
Table Global Top Manufacturers Cannabis Manufacturing Base Distribution, Sales Area, Product Type
Table Cannabis Market Concentration Rate
Figure Global 5 and 10 Largest Manufacturers by Cannabis Sales and Revenue in 2022
Table Date of Key Manufacturers Enter into Cannabis Market
Table Key Manufacturers Cannabis Product Offered
Table Mergers & Acquisitions, Expansion Plans
Table North America Cannabis Sales in Volume by Country
Table North America Cannabis Sales in Value by Country
Table North America Cannabis Sales in Volume by Country
Table North America Cannabis Sales in Value by Country
Table Europe Cannabis Sales in Volume by Country
Table Europe Cannabis Sales in Value by Country
Table Europe Cannabis Sales in Volume by Country
Table Europe Cannabis Sales in Value by Country
Table Asia-Pacific Cannabis Sales in Volume by Country
Table Asia-Pacific Cannabis Sales in Value by Country
Table Asia-Pacific Cannabis Sales in Volume by Country
Table Asia-Pacific Cannabis Sales in Value by Country
Table Latin America Cannabis Sales in Volume by Country
Table Latin America Cannabis Sales in Value by Country
Table Latin America Cannabis Sales in Volume by Country
Table Latin America Cannabis Sales in Value by Country
Table Middle East and Africa Cannabis Sales in Volume by Country
Table Middle East and Africa Cannabis Sales in Value by Country
Table Middle East and Africa Cannabis Sales in Volume by Country
Table Middle East and Africa Cannabis Sales in Value by Country
Table Aurora Cannabis Inc. Basic Information, Manufacturing Base
Table Aurora Cannabis Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Aurora Cannabis Inc. Sales and Growth Rate
Figure Aurora Cannabis Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Aurora Cannabis Inc. Recent Development
Table Tilray, Inc. Basic Information, Manufacturing Base
Table Tilray, Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Tilray, Inc. Sales and Growth Rate
Figure Tilray, Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Tilray, Inc. Recent Development
Table Canopy Growth Corporation Basic Information, Manufacturing Base
Table Canopy Growth Corporation Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Canopy Growth Corporation Sales and Growth Rate
Figure Canopy Growth Corporation Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Canopy Growth Corporation Recent Development
Table Cresco Labs, LLC Basic Information, Manufacturing Base
Table Cresco Labs, LLC Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Cresco Labs, LLC Sales and Growth Rate
Figure Cresco Labs, LLC Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Cresco Labs, LLC Recent Development
Table Curaleaf, Inc. Basic Information, Manufacturing Base
Table Curaleaf, Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Curaleaf, Inc. Sales and Growth Rate
Figure Curaleaf, Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Curaleaf, Inc. Recent Development
Table Ecofibre Ltd. Basic Information, Manufacturing Base
Table Ecofibre Ltd. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Ecofibre Ltd. Sales and Growth Rate
Figure Ecofibre Ltd. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Ecofibre Ltd. Recent Development
Table Green Thumb Industries Inc. Basic Information, Manufacturing Base
Table Green Thumb Industries Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Green Thumb Industries Inc. Sales and Growth Rate
Figure Green Thumb Industries Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Green Thumb Industries Inc. Recent Development
Table HEXO Operations Inc. Basic Information, Manufacturing Base
Table HEXO Operations Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure HEXO Operations Inc. Sales and Growth Rate
Figure HEXO Operations Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table HEXO Operations Inc. Recent Development
Table INDIVA Inc. Basic Information, Manufacturing Base
Table INDIVA Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure INDIVA Inc. Sales and Growth Rate
Figure INDIVA Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table INDIVA Inc. Recent Development
Table Maricann Inc. Basic Information, Manufacturing Base
Table Maricann Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Maricann Inc. Sales and Growth Rate
Figure Maricann Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Maricann Inc. Recent Development
Table Key Raw Materials Price
Table Key Suppliers of Raw Materials
Figure Proportion of Manufacturing Cost Structure
Table Cannabis Chain Analysis
Figure Marketing Channel
Table Major Distributors of Cannabis with Contact Information
Table Major Customers of Cannabis with Contact Information
Table Research Process
Figure Bottom-up and Top-down Approaches for This Report
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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