Cannabis Extract Market Size, Share, Forecasts Analysis, Company Growth, Company Profiles and Key Regions 2021 - 2028

                                                                            
Cannabis extracts can be made from any part of the cannabis plant, such as the stems, flowers, and leaves.

                    Cannabis Extract Market


Cannabis extracts can be made from any part of the cannabis plant, such as the stems, flowers, and leaves. The presence of cannabinoids, most notably CBD and THC, in higher concentrations than in dry cannabis has increased the popularity of cannabis extract among consumers looking for versatile benefits. The various applications of the extract, such as oil, budder, sap, and isolates, are critical to the expansion of avenues in the cannabis extract market. As a result, various market products for vaping and dabbing have gained popularity. The popular trend of vaping, which is attributed in part to the portability and convenience of vapes, has had a significant impact on the prospects in the cannabis extracts market.

The rising demand for cannabidiol for the treatment of mental disorders such as depression, anxiety, and epilepsy is expected to drive the global cannabis extract market during the forecast period. Key market players are focusing on the introduction of CBD-infused products. CBD oil is a non-psychoactive and legal component of hemp that can be used in a variety of industries including food, health products, pharmaceuticals, and beauty. According to 2018 data from the Harvard Health Institute, for example, CBD is frequently used to treat a variety of health issues such as insomnia and anxiety.

Market Segmentation:

By Product
  • Oils
  • Tinctures

By Extract Type
  • Full Spectrum Extracts
  • Cannabis Isolates

By Extraction Method
  • Solvent Based
  • Non-Solvent Based

By Distribution Channel
  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
The major players operating in the global cannabis extract market include Canopy Growth Corporation, Aurora Cannabis Inc., Tikun Olam, Cannabis Science Inc., Aphria Inc., Maricann Group Inc., Tilray Inc., VIVO Cannabis Inc., Medical Marijuana, Inc., STENOCARE, Cronos Group Inc., Terra Tech Corp., MedMen, Teva Pharmaceutical Industries Ltd., and Organigram Holdings Inc.

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