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According to the latest research, the global Marijuana Oil market size was valued at USD 9741.14 million in 2022 and is expected to expand at a CAGR of 114.82% during the forecast period, reaching USD 957210.91 million by 2028.
Cannabis plants produce thoUSnds of compounds, but the most widely known is cannabinoids. There are several types of cannabinoids, but the two most well-known among consumers are THC (tetrahydrocannabinol) and CBD (cannabisphenol).
Tetrahydrocannabinol is the most important psychoactive compound in cannabis. When people want a product that gives them a "exhilarate", they are looking for it.
Unlike THC, CBD does not have a positive effect on psychology, so CBD is attractive for those who want to avoid climax but think that the CBD has other benefits.
Drivers
According to the most recent Health Canada statistics, sales of cannabis oil in the first three months of 2018 outpaced those of dried flower by 56 percent. In terms of year-over-year (YOY) growth for the two forms of cannabis, extracts are clearly the winner with a sizable increase of 82 percent over the same period in 2017 compared to a meager 13 percent in YOY performance for dried flower.
Under a regulatory framework that has only allowed for the medical use of cannabis, it’s no surprise that the cannabis extracts market would dominate. Patients looking to ease pain, anxiety or inflammation to improve their health and wellbeing are also more likely to want to avoid the negative health impacts of smoking marijuana, making use of a more discreet treatment option. Cannabis extracts also allow medical practitioners to better control proper dosing for patients.
Full legalization will likely bring more competition to the market, leading companies to really focus on improving the quality, consistency and diversity of their product line. That means a focus on better understanding the effects of each cannabis compound on the human body and the best way to use that knowledge to develop advanced cannabis therapeutics that can improve the quality of life for medical cannabis patients — especially if they want to compete in the international export markets — as well as top notch cannabis products that deliver the desired effects for recreational consumers.
Region Overview:
North America had the highest growth rate of all regions.
Company Overview:
Cura Cannabis is one of the major players operating in the Marijuana Oil market, holding a share of 47.99% in 2018.
Cura Cannabis
A good provider of cannabis oil to both consumers and premium edible brands in legal US and international markets. It is the largest cannabis oil company in Oregon & California with operations up and running in newly legal Nevada.
ENDOCA
They grow over 2000 acres of hemp on organic land; and built a factory that complies with pharmaceutical standards, and they continue to keep patient safety as their top priority. To ensure that the product is clean and safe to use, even for people with a very low immune system.
They are bringing local farmers on board and we are providing them with the know-how, and equipment, to grow hemp for Endoca. And they will be transforming millions of acres of non-organic land into organic farmland. This means they will change common agricultural practices and give farmers the means and land to support them to make more ecological choices and by doing so, making a huge positive impact on the global pollution problem.
Segmentation Overview:
Among different product types, Marijuana-derived Oil Products segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Anxiety segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Marijuana Oil industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Marijuana Oil. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Marijuana Oil Market Report Include:
Market Size Estimates: Marijuana Oil market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Marijuana Oil market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Marijuana Oil market
Segment Market Analysis: Marijuana Oil market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Marijuana Oil market situations and prospects in major and top regions and countries
Marijuana Oil Market
Marijuana Oil Industry Chain: Marijuana Oil market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Marijuana Oil Industry News, Policies by regions
Marijuana Oil Industry Porters Five Forces Analysis
Key players in the global Marijuana Oil market are covered in Chapter 2:
Canopy Growth Corporation
PharmaHemp
Emblem Cannabis Oils
OrganiGram
Tilray
Freedom Leaf Inc
Aphria
ENDOCA
Medical Marijuana, Inc
Cura Cannabis
Cwhemp
CV Sciences
Whistler Medical Marijuana Corp
Folium Biosciences
Aurora Cannabis
NuLeaf Naturals
Others
In Chapter 6 and Chapter 9, on the basis of types, the Marijuana Oil market from 2018 to 2028 is primarily split into:
Marijuana-derived Oil Products
Hemp-derived Marijuana Oil Products
In Chapter 7 and Chapter 10, on the basis of applications, the Marijuana Oil market from 2018 to 2028 covers:
Anxiety
Fibromyalgia (FM)
Diabetes
Chronic Pain
Parkinson
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Marijuana Oil market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Marijuana Oil industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Marijuana Oil market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Marijuana Oil industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Marijuana Oil market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Marijuana Oil market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Marijuana Oil market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Cannabis plants produce thoUSnds of compounds, but the most widely known is cannabinoids. There are several types of cannabinoids, but the two most well-known among consumers are THC (tetrahydrocannabinol) and CBD (cannabisphenol).
Tetrahydrocannabinol is the most important psychoactive compound in cannabis. When people want a product that gives them a "exhilarate", they are looking for it.
Unlike THC, CBD does not have a positive effect on psychology, so CBD is attractive for those who want to avoid climax but think that the CBD has other benefits.
Drivers
According to the most recent Health Canada statistics, sales of cannabis oil in the first three months of 2018 outpaced those of dried flower by 56 percent. In terms of year-over-year (YOY) growth for the two forms of cannabis, extracts are clearly the winner with a sizable increase of 82 percent over the same period in 2017 compared to a meager 13 percent in YOY performance for dried flower.
Under a regulatory framework that has only allowed for the medical use of cannabis, it’s no surprise that the cannabis extracts market would dominate. Patients looking to ease pain, anxiety or inflammation to improve their health and wellbeing are also more likely to want to avoid the negative health impacts of smoking marijuana, making use of a more discreet treatment option. Cannabis extracts also allow medical practitioners to better control proper dosing for patients.
Full legalization will likely bring more competition to the market, leading companies to really focus on improving the quality, consistency and diversity of their product line. That means a focus on better understanding the effects of each cannabis compound on the human body and the best way to use that knowledge to develop advanced cannabis therapeutics that can improve the quality of life for medical cannabis patients — especially if they want to compete in the international export markets — as well as top notch cannabis products that deliver the desired effects for recreational consumers.
Region Overview:
North America had the highest growth rate of all regions.
Company Overview:
Cura Cannabis is one of the major players operating in the Marijuana Oil market, holding a share of 47.99% in 2018.
Cura Cannabis
A good provider of cannabis oil to both consumers and premium edible brands in legal US and international markets. It is the largest cannabis oil company in Oregon & California with operations up and running in newly legal Nevada.
ENDOCA
They grow over 2000 acres of hemp on organic land; and built a factory that complies with pharmaceutical standards, and they continue to keep patient safety as their top priority. To ensure that the product is clean and safe to use, even for people with a very low immune system.
They are bringing local farmers on board and we are providing them with the know-how, and equipment, to grow hemp for Endoca. And they will be transforming millions of acres of non-organic land into organic farmland. This means they will change common agricultural practices and give farmers the means and land to support them to make more ecological choices and by doing so, making a huge positive impact on the global pollution problem.
Segmentation Overview:
Among different product types, Marijuana-derived Oil Products segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Anxiety segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Marijuana Oil industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Marijuana Oil. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Marijuana Oil Market Report Include:
Market Size Estimates: Marijuana Oil market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Marijuana Oil market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Marijuana Oil market
Segment Market Analysis: Marijuana Oil market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Marijuana Oil market situations and prospects in major and top regions and countries
Marijuana Oil Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Marijuana Oil Industry Chain: Marijuana Oil market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Marijuana Oil Industry News, Policies by regions
Marijuana Oil Industry Porters Five Forces Analysis
Key players in the global Marijuana Oil market are covered in Chapter 2:
Canopy Growth Corporation
PharmaHemp
Emblem Cannabis Oils
OrganiGram
Tilray
Freedom Leaf Inc
Aphria
ENDOCA
Medical Marijuana, Inc
Cura Cannabis
Cwhemp
CV Sciences
Whistler Medical Marijuana Corp
Folium Biosciences
Aurora Cannabis
NuLeaf Naturals
Others
In Chapter 6 and Chapter 9, on the basis of types, the Marijuana Oil market from 2018 to 2028 is primarily split into:
Marijuana-derived Oil Products
Hemp-derived Marijuana Oil Products
In Chapter 7 and Chapter 10, on the basis of applications, the Marijuana Oil market from 2018 to 2028 covers:
Anxiety
Fibromyalgia (FM)
Diabetes
Chronic Pain
Parkinson
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Marijuana Oil market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Marijuana Oil industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Marijuana Oil market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Marijuana Oil industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Marijuana Oil market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Marijuana Oil market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Marijuana Oil market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
