Cannabis Extract Market Size, Share, and Trends 2024 to 2034

The global cannabis extract market size is calculated at USD 16.56 billion in 2025 and is forecasted to reach around USD 73.28 billion by 2034, accelerating at a CAGR of 18.05% from 2025 to 2034. The North America cannabis extract market size surpassed USD 10.73 billion in 2024 and is expanding at a CAGR of 18.13% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1213
  • Category : Healthcare

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Cannabis Extract Market 

5.1. COVID-19 Landscape: Cannabis Extract Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Cannabis Extract Market, By Product Type

8.1. Cannabis Extract Market, by Product Type

8.1.1. Oils

8.1.1.1. Market Revenue and Forecast

8.1.2. Tinctures

8.1.2.1. Market Revenue and Forecast

Chapter 9. Global Cannabis Extract Market, By Extract Type

9.1. Cannabis Extract Market, by Extract Type

9.1.1. Full Spectrum Extracts

9.1.1.1. Market Revenue and Forecast

9.1.2. Cannabis Isolates

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Cannabis Extract Market, By Source 

10.1. Cannabis Extract Market, by Source

10.1.1. Hemp

10.1.1.1. Market Revenue and Forecast

10.1.2. Marijuana

10.1.2.1. Market Revenue and Forecast

Chapter 11. Global Cannabis Extract Market, By End-use 

11.1. Cannabis Extract Market, by End-use

11.1.1. Medical Use

11.1.1.1. Market Revenue and Forecast

11.1.2. Recreational Use

11.1.2.1. Market Revenue and Forecast

Chapter 12. Global Cannabis Extract Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Product Type

12.1.2. Market Revenue and Forecast, by Extract Type

12.1.3. Market Revenue and Forecast, by Source

12.1.4. Market Revenue and Forecast, by End-use

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Product Type

12.1.5.2. Market Revenue and Forecast, by Extract Type

12.1.5.3. Market Revenue and Forecast, by Source

12.1.5.4. Market Revenue and Forecast, by End-use

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Product Type

12.1.6.2. Market Revenue and Forecast, by Extract Type

12.1.6.3. Market Revenue and Forecast, by Source

12.1.6.4. Market Revenue and Forecast, by End-use

12.2. Europe

12.2.1. Market Revenue and Forecast, by Product Type

12.2.2. Market Revenue and Forecast, by Extract Type

12.2.3. Market Revenue and Forecast, by Source

12.2.4. Market Revenue and Forecast, by End-use

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Product Type

12.2.5.2. Market Revenue and Forecast, by Extract Type

12.2.5.3. Market Revenue and Forecast, by Source

12.2.5.4. Market Revenue and Forecast, by End-use

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Product Type

12.2.6.2. Market Revenue and Forecast, by Extract Type

12.2.6.3. Market Revenue and Forecast, by Source

12.2.6.4. Market Revenue and Forecast, by End-use

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Product Type

12.2.7.2. Market Revenue and Forecast, by Extract Type

12.2.7.3. Market Revenue and Forecast, by Source

12.2.7.4. Market Revenue and Forecast, by End-use

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Product Type

12.2.8.2. Market Revenue and Forecast, by Extract Type

12.2.8.3. Market Revenue and Forecast, by Source

12.2.8.4. Market Revenue and Forecast, by End-use

12.3. APAC

12.3.1. Market Revenue and Forecast, by Product Type

12.3.2. Market Revenue and Forecast, by Extract Type

12.3.3. Market Revenue and Forecast, by Source

12.3.4. Market Revenue and Forecast, by End-use

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Product Type

12.3.5.2. Market Revenue and Forecast, by Extract Type

12.3.5.3. Market Revenue and Forecast, by Source

12.3.5.4. Market Revenue and Forecast, by End-use

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Product Type

12.3.6.2. Market Revenue and Forecast, by Extract Type

12.3.6.3. Market Revenue and Forecast, by Source

12.3.6.4. Market Revenue and Forecast, by End-use

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Product Type

12.3.7.2. Market Revenue and Forecast, by Extract Type

12.3.7.3. Market Revenue and Forecast, by Source

12.3.7.4. Market Revenue and Forecast, by End-use

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Product Type

12.3.8.2. Market Revenue and Forecast, by Extract Type

12.3.8.3. Market Revenue and Forecast, by Source

12.3.8.4. Market Revenue and Forecast, by End-use

12.4. MEA

12.4.1. Market Revenue and Forecast, by Product Type

12.4.2. Market Revenue and Forecast, by Extract Type

12.4.3. Market Revenue and Forecast, by Source

12.4.4. Market Revenue and Forecast, by End-use

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Product Type

12.4.5.2. Market Revenue and Forecast, by Extract Type

12.4.5.3. Market Revenue and Forecast, by Source

12.4.5.4. Market Revenue and Forecast, by End-use

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Product Type

12.4.6.2. Market Revenue and Forecast, by Extract Type

12.4.6.3. Market Revenue and Forecast, by Source

12.4.6.4. Market Revenue and Forecast, by End-use

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Product Type

12.4.7.2. Market Revenue and Forecast, by Extract Type

12.4.7.3. Market Revenue and Forecast, by Source

12.4.7.4. Market Revenue and Forecast, by End-use

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Product Type

12.4.8.2. Market Revenue and Forecast, by Extract Type

12.4.8.3. Market Revenue and Forecast, by Source

12.4.8.4. Market Revenue and Forecast, by End-use

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Product Type

12.5.2. Market Revenue and Forecast, by Extract Type

12.5.3. Market Revenue and Forecast, by Source

12.5.4. Market Revenue and Forecast, by End-use

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Product Type

12.5.5.2. Market Revenue and Forecast, by Extract Type

12.5.5.3. Market Revenue and Forecast, by Source

12.5.5.4. Market Revenue and Forecast, by End-use

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Product Type

12.5.6.2. Market Revenue and Forecast, by Extract Type

12.5.6.3. Market Revenue and Forecast, by Source

12.5.6.4. Market Revenue and Forecast, by End-use

Chapter 13. Company Profiles

13.1. Tikun Olam

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. CANOPY GROWTH CORPORATION

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Tilray

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Aurora Cannabis

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. The Cronos Group

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Maricann Inc

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Organigram Holdings Inc.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. The Cronos Group

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Aphria Inc

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

According to Precedence Research, the cannabis extract market was valued at USD 13.94 billion in 2024 and is expected to reach over USD 73.28 billion by 2034.

The global cannabis extract market is exhibiting a compound annual growth rate (CAGR) of 18.05% during the estimate period 2025 to 2034.

The conventional type displayed the major share in the worldwide cannabis extract market in 2024. Increasing applications of cannabis extracts such as CBD oil in pharmaceutical and cosmetic industries is expected to boost the demand for conventional cannabis extracts.

In 2024, North America dominated the worldwide market with a market share of higher than 77%.

The key companies functioning in the worldwide cannabis extract market are Kynd Cannabis Company, Organa Brands, Colorado Cannabis Company, Peridot Labs, Canopy Growth Corporation, Aurora Cannabis, MARICANN INC., and Aphria Inc. among others.

Factors such growing use of cannabis for medicinal purpose, implementation of unambiguous legal framework related to marijuana use in developed nations, increasing prevalence of cancer, increasing use of marijuana as antidepressants, and increasing focus of companies on development of sustainable extractions methods are driving the growth of cannabis extract market. Moreover, increasing prevalence of arthritis and other chronic disorders is further propelling the growth of cannabis extract market.

Cannabis Extracts involve a wide group of products that comprises any excerpt of the cannabis plant, comprising extracts from hemp and marijuana. These excerpts contain high degree of cannabinoids like THC and CBD, much greater by weight when compared with dehydrated cannabis stems, leaves, or flowers. The near future holds immense possibilities for the cannabis extracts businessdue to the growing legalization of cannabis in several nations around the world.

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