The latest update of “Global Cannabinoids Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Cannabinoids Market.
Overview of the Cannabinoids Market:
Cannabinoids are active chemicals found in marijuana. The most prominent, most potent, and safest of these is THC or tetrahydrocannabinolic acid. The other major component of the cannabis plant, Cannabidiol, is also a powerful ingredient. At least113 different cannabinoids have been identified in the plants. Most of these compounds are known to be responsible for the euphoric and calming effects of marijuana. However, many other compounds may contribute to the benefits that smoking the cannabis plant has to offer users. The global cannabinoids market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global cannabinoids market is expected to witness significant growth during the forecast period, owing to active research and development activities in the field of cannabis.
Market Drivers
Increasing legalization of cannabis is expected to drive growth of the global cannabinoids market during the forecast period. Many countries, states, and provinces have started legalizing the sale, cultivation, and use of cannabis. For instance, in November 2016, the Government of California under Proposition 64- the Adult Use of Marijuana Act, legalized the use, sale, cultivation of recreational cannabis in California for adults aged 21 years and above. Similarly, in July 2021, the State of New York legalized recreational marijuana for adults aged 21 years and above. Hence, such factors are expected to drive growth of the global cannabinoids market during the forecast period. Furthermore, active research and development activities in the field of cannabis are expected to propel the global cannabinoids market growth over the forecast period.
Market Restraint
Higher cost of cannabinoid products is expected to restrain growth of the global cannabinoids market during the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global cannabinoids market during the forecast period. This is owing to the extensive use of cannabis in both recreational and medicinal use. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to increasing R&D activities in the field of cannabis.
Competitive Section
Major companies involved in the global cannabinoids market are Mile High Labs International, Maricann, Inc., Global Cannabinoids, Rhozo Sciences, GenCanna, SparkCBD, and CBD, Inc. Group.
For instance, in June 2021, Tilray Inc. launched Symbios, a new brand of medical cannabis.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Cannabinoids Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Cannabinoids Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Mile High Labs International
- Global Cannabinoids
- GenCanna
- CBD, Inc. Group
- SparkCBD
- Rhozo Sciences
- Maricann, Inc
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Cannabinoids Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Cannabidiol (CBD)
- Tetrahydrocannabinol (THC)
- Cannabinol (CBN)
- Cannabidiolic acid (CBDa)
- Other Cannabinoids (CBG and CBC)
By Applications, the market is segmented into:
- Pharmaceutical industry
- Hospital
- Laboratory
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Cannabinoids Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Cannabinoids Market Share by Application: 2021 VS 2027
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Cannabinoids Market
1.6.1 How the Covid-19 is Affecting the Cannabinoids Market
1.6.1.1 Cannabinoids Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Cannabinoids Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Cannabinoids Market Perspective (2015-2027)
2.2 Cannabinoids Market Growth Trends by Regions
2.2.1 Cannabinoids Market Size by Regions: 2015 VS 2021 VS 2027
2.2.2 Cannabinoids Market Historic Market Share by Regions (2015-2021)
2.2.3 Cannabinoids Market Forecasted Market Size by Regions (2021-2027)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Cannabinoids Market Growth Strategy
2.3.6 Primary Interviews with Key Cannabinoids Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Cannabinoids Market Players by Market Size
3.1.1 Global Top Cannabinoids Market Players by Revenue (2015-2021)
3.1.2 Global Cannabinoids Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Cannabinoids Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Cannabinoids Market Concentration Ratio
3.2.1 Global Cannabinoids Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Cannabinoids Market Revenue in 2019
3.3 Cannabinoids Market Key Players Head office and Area Served
3.4 Key Players Cannabinoids Market Product Solution and Service
3.5 Date of entering into Cannabinoids Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2027)
4.1 Global Cannabinoids Market Historic Market Size by Type (2015-2021)
4.2 Global Cannabinoids Market Forecasted Market Size by Type (2021-2027)
5 Cannabinoids Market Breakdown Data by Application (2015-2027)
5.1 Global Cannabinoids Market Size by Application (2015-2021)
5.2 Global Cannabinoids Market Forecasted Market Size by Application (2021-2027)
6 North America
6.1 North America Cannabinoids Market Size (2015-2021)
6.2 Cannabinoids Market Key Players in North America (2019-2021)
6.3 North America Cannabinoids Market Size by Type (2015-2021)
6.4 North America Cannabinoids Market Size by Application (2015-2021)
7 Europe
7.1 Europe Cannabinoids Market Size (2015-2021)
7.2 Cannabinoids Market Key Players in Europe (2019-2021)
7.3 Europe Cannabinoids Market Size by Type (2015-2021)
7.4 Europe Cannabinoids Market Size by Application (2015-2021)
8 China
8.1 China Cannabinoids Market Size (2015-2021)
8.2 Cannabinoids Market Key Players in China (2019-2021)
8.3 China Cannabinoids Market Size by Type (2015-2021)
8.4 China Cannabinoids Market Size by Application (2015-2021)
9 Japan
9.1 Japan Cannabinoids Market Size (2015-2021)
9.2 Cannabinoids Market Key Players in Japan (2019-2021)
9.3 Japan Cannabinoids Market Size by Type (2015-2021)
9.4 Japan Cannabinoids Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Cannabinoids Market Size (2015-2021)
10.2 Cannabinoids Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Cannabinoids Market Size by Type (2015-2021)
10.4 Southeast Asia Cannabinoids Market Size by Application (2015-2021)
11 India
11.1 India Cannabinoids Market Size (2015-2021)
11.2 Cannabinoids Market Key Players in India (2019-2021)
11.3 India Cannabinoids Market Size by Type (2015-2021)
11.4 India Cannabinoids Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Cannabinoids Market Size (2015-2021)
12.2 Cannabinoids Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Cannabinoids Market Size by Type (2015-2021)
12.4 Central & South America Cannabinoids Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Cannabinoids Market Introduction
13.4 Cannabinoids Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Cannabinoids Market Key Market Segments
Table 2. Key Players Covered: Ranking by Cannabinoids Market Revenue
Table 3. Ranking of Global Top Cannabinoids Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Cannabinoids Market Size Growth Rate by Type (US$ Million): 2021 VS 2027
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Cannabinoids Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Cannabinoids Market Players to Combat Covid-19 Impact
Table 10. Global Cannabinoids Market Size Growth by Application (US$ Million): 2021 VS 2027
Table 11. Global Cannabinoids Market Size by Regions (US$ Million): 2021 VS 2027
Table 12. Global Cannabinoids Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Cannabinoids Market Share by Regions (2015-2021)
Table 14. Global Cannabinoids Market Forecasted Market Size by Regions (2021-2027) (US$ Million)
Table 15. Global Cannabinoids Market Share by Regions (2021-2027)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Cannabinoids Market Growth Strategy
Table 20. Main Points Interviewed from Key Cannabinoids Market Players
Table 21. Global Cannabinoids Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Cannabinoids Market Share by Players (2015-2021)
Table 23. Global Top Cannabinoids Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Cannabinoids Market as of 2019)
Table 24. Global Cannabinoids Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Cannabinoids Market Product Solution and Service
Table 27. Date of entering into Cannabinoids Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Cannabinoids Market Size by Type (2015-2021) (Million US$)
Table 30. Global Cannabinoids Market Size Share by Type (2015-2021)
Table 31. Global Cannabinoids Market Revenue Market Share by Type (2021-2027)
Table 31. Global Cannabinoids Market Size Share by Application (2015-2021)
Table 33. Global Cannabinoids Market Size by Application (2015-2021) (Million US$)
Table 34. Global Cannabinoids Market Size Share by Application (2021-2027)
Table 35. North America Key Players Cannabinoids Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Cannabinoids Market Share (2019-2021)
Table 37. North America Cannabinoids Market Size by Type (2015-2021) (Million US$)
Table 38. North America Cannabinoids Market Share by Type (2015-2021)
Table 39. North America Cannabinoids Market Size by Application (2015-2021) (Million US$)
Table 40. North America Cannabinoids Market Share by Application (2015-2021)
Table 41. Europe Key Players Cannabinoids Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Cannabinoids Market Share (2019-2021)
Table 43. Europe Cannabinoids Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Cannabinoids Market Share by Type (2015-2021)
Table 45. Europe Cannabinoids Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Cannabinoids Market Share by Application (2015-2021)
Table 47. China Key Players Cannabinoids Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Cannabinoids Market Share (2019-2021)
Table 49. China Cannabinoids Market Size by Type (2015-2021) (Million US$)
Table 50. China Cannabinoids Market Share by Type (2015-2021)
Table 51. China Cannabinoids Market Size by Application (2015-2021) (Million US$)
Table 52. China Cannabinoids Market Share by Application (2015-2021)
Table 53. Japan Key Players Cannabinoids Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Cannabinoids Market Share (2019-2021)
Table 55. Japan Cannabinoids Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Cannabinoids Market Share by Type (2015-2021)
Table 57. Japan Cannabinoids Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Cannabinoids Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Cannabinoids Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Cannabinoids Market Share (2019-2021)
Table 61. Southeast Asia Cannabinoids Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Cannabinoids Market Share by Type (2015-2021)
Table 63. Southeast Asia Cannabinoids Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Cannabinoids Market Share by Application (2015-2021)
Table 65. India Key Players Cannabinoids Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Cannabinoids Market Share (2019-2021)
Table 67. India Cannabinoids Market Size by Type (2015-2021) (Million US$)
Table 68. India Cannabinoids Market Share by Type (2015-2021)
Table 69. India Cannabinoids Market Size by Application (2015-2021) (Million US$)
Table 70. India Cannabinoids Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Cannabinoids Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Cannabinoids Market Share (2019-2021)
Table 73. Central & South America Cannabinoids Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Cannabinoids Market Share by Type (2015-2021)
Table 75. Central & South America Cannabinoids Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Cannabinoids Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Cannabinoids Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Cannabinoids Market Share by Type: 2021 VS 2027
Figure 2. Global Cannabinoids Market Share by Application: 2021 VS 2027
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Cannabinoids Market Report Years Considered
Figure 8. Global Cannabinoids Market Size YoY Growth 2015-2027 (US$ Million)
Figure 9. Global Cannabinoids Market Share by Regions: 2021 VS 2027
Figure 10. Global Cannabinoids Market Share by Regions (2021-2027)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Cannabinoids Market Share by Players in 2019
Figure 13. Global Top Cannabinoids Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Cannabinoids Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Cannabinoids Market Revenue in 2019
Figure 15. North America Cannabinoids Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Cannabinoids Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Cannabinoids Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Cannabinoids Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Cannabinoids Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Cannabinoids Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Cannabinoids Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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