Major companies set up in the market are aiming on rising lawful and supports of CBD to employ in various goods that rise strong chances for various producers to work in the market. For example, in 2019, Thailand got converted as the initial nation in Southeast Asia to sanction hashish for clinical and analysis method. It also sanctions the usage of sativa plant in the manufacture of clothes, sartorial, and other goods.
Furthermore, the authorization of CBD owing to its frivolous usage may also increase the market development. For example, 12 provinces in the United States. have legal frivolous hashish for people aged more than 21 years, as of January 2021. These provinces consist of Massachusetts, Vermont, California, Alaska, Maine, Nevada, Oregon, Washington, Colorado, Michigan, Illinois, and Arizona.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ฎ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ ๐ผ๐ฏ๐๐ฎ๐ถ๐ป ๐ฎ๐๐๐ต๐ฒ๐ป๐๐ถ๐ฐ ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐ ๐ฎ๐ป๐ฑ ๐ฐ๐ผ๐บ๐ฝ๐ฟ๐ฒ๐ต๐ฒ๐ป๐๐ถ๐๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ถ๐ป๐๐ถ๐ด๐ต๐๐ ๐ฎ๐ย https://www.coherentmarketinsights.com/insight/request-sample/4927
Impact of Coronavirus
Corona virus epidemic has impacted several regions worldwide. The companies set up in the global cannabis extract market are experiencing main reasons on several fronts owing to the corona virus epidemic. As per the COVID-19, Weekly Epidemiological Informed by the WHO, the count of corona virus cases stated worldwide, as of February 19, 2022, are around 520,912,257 confirmed cases with 6,272,408 mortalities.
Owing to the epidemic, the highest of retail shops were shut. Leading, the market knowledgeable a go-slow over the pandemic, but it is anticipated to choose steam in the few years as need for CBD-based goods developed. The epidemic has also led in a fall in CBD oil sales in the first segment of 2020, due to the end of producing services and supply networks resulting several regions shutdowns. Anyhow, as the count of individuals distressing from nervousness ailment increases, so does the need for CBD, which is possibly to fuel market enlargement.
The major companies set up in the market are aiming on rising approval of new items and official endorsements of hashish extracts, which is anticipated to fuel the development of the global cannabis extract market during the predicted duration. For example, in March 2021, Charlotte’s Web, Inc., a plant cutting and a Certified B Corporation, declared the approval of new CW THC-Free 25mg CBD Oil Essences in 10 or 30 ml scopes.
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Key Takeaways
The global cannabis extract market is anticipated to show a CAGR of 17.3% over the predicted duration, due to the rising cases of enduring ailment such as malignancy, mellitus, and others. For example, as per WHO, in 2020, malignancy was the dominating reason of mortality globally, estimating for over 10 million mortalities annually.
Among product, the oil section is anticipated to fuel development to the market in the predicted duration. CBD oil is vastly disbursed worldwide, due to its vast welfares, particularly for agony associated illness.
Among extract type, the full range excerpts section is anticipated to provide profitable development to the market in the predicted duration, due to their accessibility and capability to strengthen the curative assets of CBD.
Key players set up in the global cannabis extract market are Cannabis Science Inc., Terra Tech Corp., Teva Pharmaceutical Industries Ltd.,ย Canopy Growth Corporation, VIVO Cannabis Inc.,ย MedMen, Tilray Inc., STENOCARE, Aurora Cannabis Inc., Aphria Inc., Maricann Group Inc., Tikun Olam, ย Medical Marijuana, Inc., Cronos Group Inc., and Organigram Holdings Inc
๐๐ฒ๐ ๐ฅ๐ฒ๐ฎ๐๐ผ๐ป๐ ๐๐ผ ๐๐๐ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
โ The deployment of recent data acquired by our own researchers. These provide you historical and future data that is analysed to show you why the market forย Cannabis Extractย Market is changing; this enables you to foresee changes in the industry and keep a step ahead of your competitors.
โ The concise analysis, understandable graph, and table format will help you quickly find the information you want.
โ Indicates the region and market sector that is most likely to grow quickly and take over the market.
โ A regional study demonstrating how the product or service is used in each location and the factors affecting the market there.
โ Complete company profiles for the major market players, including company overviews, company insights, product benchmarking, and SWOT analysis for the major market players, as well as new service/product launches, partnerships, business expansions, and acquisitions of companies profiled in the past five years.
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๐ง๐ฎ๐ฏ๐น๐ฒ ๐ผ๐ณ ๐๐ผ๐ป๐๐ฒ๐ป๐:
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Active Ingredient
- Market Snippet, By Product Type
- Market Snippet, By Extract Type
- Market Snippet, By Indication
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Pipeline Analysis
- PEST Analysis
- Regulatory Scenario
- Market Trends
- Key Highlights
- Mergers & Acquisitions
- Market Dynamics
- Global Cannabis Extract Market โ Impact of Coronavirus (Covid-19) Pandemic
- Economic Impact
- Impact on Clinical Trials
- Government Initiatives
- Global Cannabis Extract Market, By Active Ingredient, 2017 โ 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 โ 2030
- Segment Trends
- Tetrahydrocannabinol (THC)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Cannabidiol (CBD)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Cannabigerol (CBG)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Cannabinol
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Introduction
- Global Cannabis Extract Market, By Product Type, 2017 โ 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 โ 2030
- Segment Trends
- Oil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Shatter
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Was
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Hash
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Others (Gummies, Cream, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Introduction
- Global Cannabis Extract Market, By Extract Type, 2017 โ 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 โ 2030
- Segment Trends
- Full spectrum
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Broad Spectrum
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Isolates
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Introduction
- Global Cannabis Extract Market, By Indication, 2017 โ 2030, (US$ Mn)
- Muscle Disorder (Dystonia)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Neurological Disorder (Parkinson Disease)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Pain Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Recreation use
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Muscle Disorder (Dystonia)
- Global Cannabis Extract Market, By Distribution Channel, 2017 โ 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 โ 2030
- Segment Trends
- Hospital Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Retail Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Online Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2030, (US$ Mn)
- Introduction
- Global Cannabis Extract Market, By Region, 2017 โ 2030, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, For Regions, 2017โ2030
- North America
- Market Size and Forecast, By Active Ingredient, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Product Type, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Extract Type, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Indication, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Country, 2017 โ 2030, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Active Ingredient, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Product Type, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Extract Type, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Indication, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017 โ 2030, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Active Ingredient, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Product Type, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Extract Type, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Indication, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017 โ 2030, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Active Ingredient, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Product Type, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Extract Type, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Indication, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017 โ 2030, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Active Ingredient, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Product Type, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Extract Type, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Indication, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017 โ 2030, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Active Ingredient, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Product Type, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Extract Type, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Indication, 2017 โ 2030, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017 โ 2030, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Canopy Growth Corporation
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Aurora Cannabis Inc
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Tikun Olam
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Cannabis Science Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Aphria Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Maricann Group Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Tilray Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- VIVO Cannabis Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Medical Marijuana, Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- STENOCARE
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Cronos Group Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Terra Tech Corp.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- MedMen
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Teva Pharmaceutical Industries Ltd
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Organigram Holdings Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Stratesgies
- Canopy Growth Corporation
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
About Coherent Market Insights:
Coherent Market Insights is a global market intelligence and consulting organization thatย provides syndicatedย research reports,ย customized research reports,ย and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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