The cannabis concentrate market is expected to grow from USD 1,750 million in 2022 to USD 3,284.99 million by 2032, at a CAGR of 6.50% during the forecast period 2023-2032.
Cannabis concentrate is derived from the cannabis plant. It is obtained through various extraction methods which separate the desirable amounts, such as THC and CBD and remove unwanted plant material. Experienced users often use cannabis concentrates due to their potency and rapid onset of effects. Experienced users consume cannabis in smaller amounts. The smaller amounts deliver more potent effects.
Rising Consumer Awareness is one of the major factors driving the cannabis concentrate market. In addition, the medical and therapeutic potential of cannabis is boosting the growth of the cannabis concentrate market. However, the regulatory challenges will hamper the market's growth. Additionally, legalization and regulatory changes can help the Cannabis Concentrate market to grow during the forecast period.
This study comprehensively analyses type, end user, sales channel, and region. The type segment includes shatter, budder, rosin, live resin and others. The rosin segment registered the largest market share in 2022. It is mainly due to the rising demand for cleaner and chemical-free products. The end use segment comprises industrial, pharmaceuticals, food industry, dietary supplements, cosmetics & personal care and recreational. The pharmaceuticals segment held the largest market share in 2022. Cannabis Concentrate is used as an ingredient in medicines and for the treatment of anxiety and depression. The sales channel segment is classified into online sales and offline sales. The offline sales segment generated the highest market revenue in 2022. It is mainly because offline sales provide ease to the customers, and strict government norms regarding online sales of cannabis and its by-products will also help the offline segment to grow.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North American region held the highest market revenue in 2022 due to the presence of prominent players in the region. Moreover, favourable government policies will also boost the market's growth. In addition, the growing application in different industries will also help the market to grow in this region. The Asia Pacific region is anticipated to grow fastest over the forecast period. The growing use of cannabis concentrate in dietary supplements, cosmetics & personal care will likely drive the region's growth.
Some of the notable players in the market are Valens GroWorks Corporation, Tikun Olam, Radient Technologies Inc., MediPharm Labs, Medical Marijuana Inc., Indiva Limited, Canopy Growth Corporation and Aurora Cannabis among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Type
4.3.2. Market Attractiveness Analysis by End Use
4.3.3. Market Attractiveness Analysis by Sales Channel
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising Consumer Awareness
5.2.2. Medical and Therapeutic Potential
5.3. Restraints
5.3.1. Regulatory Challenges
5.4. Opportunities
5.4.1. Legalization and Regulatory Changes
5.5. Challenges
5.5.1. Social Acceptance
6. Global Cannabis Concentrate Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Shatter
6.3. Budder
6.4. Rosin
6.5. Live Resin
6.6. Others
7. Global Cannabis Concentrate Market Analysis and Forecast, By End Use
7.1. Segment Overview
7.2. Industrial
7.3. Pharmaceuticals
7.4. Food Industry
7.5. Dietary Supplements
7.6. Cosmetics & Personal care
7.7. Recreational
8. Global Cannabis Concentrate Market Analysis and Forecast, By Sales Channel
8.1. Segment Overview
8.2. Online Sales
8.3. Offline Sales
9. Global Cannabis Concentrate Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Cannabis Concentrate Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Cannabis Concentrate Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Valens GroWorks Corporation
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Tikun Olam
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Radient Technologies Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. MediPharm Labs
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Medical Marijuana Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Indiva Limited
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Canopy Growth Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Aurora Cannabis
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
List of Table
1. Global Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
2. Global Shatter, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
3. Global Budder, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
4. Global Rosin, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
5. Global Live Resin, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
6. Global Others, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
7. Global Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
8. Global Industrial, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
9. Global Pharmaceuticals, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
10. Global Food Industry, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
11. Global Dietary Supplements, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
12. Global Cosmetics & Personal Care, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
13. Global Recreational, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
14. Global Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
15. Global Online Sales, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
16. Global Online Sales, Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
17. Global Cannabis Concentrate Market, By Region, 2019-2032 (USD Million) (Tons)
18. North America Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
19. North America Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
20. North America Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
21. U.S. Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
22. U.S. Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
23. U.S. Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
24. Canada Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
25. Canada Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
26. Canada Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
27. Mexico Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
28. Mexico Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
29. Mexico Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
30. Europe Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
31. Europe Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
32. Europe Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
33. Germany Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
34. Germany Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
35. Germany Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
36. France Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
37. France Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
38. France Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
39. U.K. Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
40. U.K. Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
41. U.K. Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
42. Italy Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
43. Italy Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
44. Italy Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
45. Spain Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
46. Spain Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
47. Spain Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
48. Asia Pacific Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
49. Asia Pacific Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
50. Asia Pacific Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
51. Japan Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
52. Japan Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
53. Japan Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
54. China Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
55. China Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
56. China Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
57. India Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
58. India Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
59. India Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
60. South America Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
61. South America Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
62. South America Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
63. Brazil Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
64. Brazil Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
65. Brazil Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
66. Middle East and Africa Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
67. Middle East and Africa Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
68. Middle East and Africa Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
69. UAE Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
70. UAE Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
71. UAE Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
72. South Africa Cannabis Concentrate Market, By Type, 2019-2032 (USD Million) (Tons)
73. South Africa Cannabis Concentrate Market, By End Use, 2019-2032 (USD Million) (Tons)
74. South Africa Cannabis Concentrate Market, By Sales Channel, 2019-2032 (USD Million) (Tons)
List of Figures
1. Global Cannabis Concentrate Market Segmentation
2. Cannabis Concentrate Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Cannabis Concentrate Market Attractiveness Analysis by Type
9. Global Cannabis Concentrate Market Attractiveness Analysis by End Use
10. Global Cannabis Concentrate Market Attractiveness Analysis by Sales Channel
11. Global Cannabis Concentrate Market Attractiveness Analysis by Region
12. Global Cannabis Concentrate Market: Dynamics
13. Global Cannabis Concentrate Market Share by Type (2023 & 2032)
14. Global Cannabis Concentrate Market Share by End Use (2023 & 2032)
15. Global Cannabis Concentrate Market Share by Sales Channel (2023 & 2032)
16. Global Cannabis Concentrate Market Share by Regions (2023 & 2032)
17. Global Cannabis Concentrate Market Share by Company (2022)
Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.
Market research is valuable because of the following reasons:
Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.
Our market research process involves with the four specific stages.
Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:
Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:
Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.
This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.
Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.
Free Customization
Countries can be added on demand
Free yearly update on purchase of Multi/Corporate User License
Companies served till date
We serve our customers 24x7 for 365 days through calls, emails and live chat options.
Huge database of exceptional market reports bringing market intelligence to your fingertips.
SSL enabled, we offer you various secured payment options for risk free purchase.