The global cannabis market size was valued at USD 41.95 billion in 2024 and is projected to reach from USD 52.01 billion in 2025 to USD 290.73 billion by 2033, growing at a CAGR of 24% during the forecast period (2025-2033).
The report provides valuable insights into the dynamics and structure of the Cannabis Market by examining its various segments and forecasting its overall size. It offers a transparent and detailed competitive analysis of leading players, highlighting their product offerings, pricing strategies, financial standing, business growth initiatives, and geographical footprint. This comprehensive analysis positions the report as a useful resource for investors.
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Cannabis Market Report Scope and Research Methodology
The primary goal of this report is to deliver a thorough analysis of the global Cannabis market for industry stakeholders. It provides an overview of the market’s historical and current performance, along with projections for future trends and market size, all explained in a clear and accessible manner. The report encompasses every critical aspect of the industry, featuring an in-depth examination of prominent players, including market leaders, challengers, and new entrants.
It also incorporates PORTER and PESTEL analyses, evaluating the potential influence of micro-economic factors on the market. Both internal and external elements that could impact business performance either positively or negatively are assessed, offering decision-makers a well-rounded and forward-looking perspective of the market landscape.
Market Regional Insights
The report provides an extensive regional analysis, exploring market behavior in North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. It assesses critical regional parameters including market share, CAGR, consumer demand, and import-export statistics.
- North America: Includes the United States, Canada, and Mexico
- Europe: Comprises the United Kingdom, France, Germany, Italy, Spain, Sweden, Austria, and the rest of Europe
- Asia-Pacific: Covers China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and other countries in the Asia-Pacific region
- Middle East and Africa: Encompasses South Africa, GCC countries, Egypt, Nigeria, and other nations in the region
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Market Segmentation
By Product Type (2021-2033)
- Capsules
- Concentrates
- Edibles
- Other Product Types
By Application (2021-2033)
- Medical
- Recreational
By Compound Type (2021-2033)
- Tetrahydrocannabinol (THC)
- Cannabidiol (CBD)
- Balanced THC and CBD
Market Key Players :
- GW Pharmaceuticals PLC
- Aurora Cannabis Inc.
- Aphira Inc.
- MedReLeaf Corp
- CV sciences Inc.
- Delta 9 Cannabis
- Cannimed Therapeutics Inc.
- Vivo Cannabis
- Good Leaf
- Halo Labs
Key Questions Answered in the Cannabis Market Report:
- What is Cannabis and what does the market entail?
- What was the value of the Cannabis Market in 2024?
- What is the projected growth rate (CAGR) of the market through 2033?
- What are the primary growth drivers influencing the market?
- Which are the key segments of the Cannabis Market?
- What strategies are companies adopting to strengthen their market footprint?
- What emerging trends and applications are influencing the market?
- Who are the major industry players, and what does their competitive landscape look like?
- What are the market dynamics and challenges across regions?
Key Offerings:
- Market Dynamics – Insight into growth drivers, restraints, opportunities, and regional trends
- Market Segmentation – Comprehensive breakdown by segments, sub-segments, and regions
- Competitive Landscape – Profiles of major global and regional players with strategic analysis
- Expert Recommendations – Actionable insights and business strategies for stakeholders
About Straits Research
Straits Research is a market intelligence and consulting firm headquartered in San Francisco, California, specializing in providing industry reports, business insights, and customized research solutions. The company covers a broad spectrum of sectors, including technology, healthcare, energy, automotive, consumer goods, and finance, offering detailed analyses of market trends, competitive landscapes, and future growth projections. Straits Research is known for producing syndicated reports that help businesses, investors, and analysts make informed strategic decisions, though it is often seen as a mid-tier player compared to more established firms like Gartner or McKinsey.
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