Press release
Global Cannabis Oil- Research On the Product Type That Is Expected to Dominate the Market
This report studies the global market size of Cannabis Oil in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Cannabis Oil in these regions.
This research report categorizes the global Cannabis Oil market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.
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Cannabis oil is from the marijuana plant (cannabis indicas). The oil is extracted from the leaves of the cannabis plant. It contains high levels of THC. It is used for medicinal purposes and as a recreational drug.
Cannabis oil reached considerable popularity when a man in Canada named Rick Simpson began distributing this concentrate, albeit illegally, as a medicine. Rick's oil (commonly known as "Rick Simpson oil") brought the long studied knowledge about the anti-tumor and various medicinal properties of cannabis to the mainstream.
Global major cannabis oil production regions are USA, Canada and Europe. Canada is the largest production region, which produced 1071.6 kilo bottles in 2017, accounting for 52.66%. USA is the second largest production region, with production of 778.9 kilo bottles in 2017.
In 2017, the global Cannabis Oil market size was 100 million US$ and is forecast to 2160 million US in 2025, growing at a CAGR of 46.9% from 2018. The objectives of this study are to define, segment, and project the size of the Cannabis Oil market based on company, product type, application and key regions.
The various contributors involved in the value chain of Cannabis Oil include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in the Cannabis Oil include
Select Oil
K.I.N.D. Concentrates
Canopy Growth Corporation
Aphria
Emblem Cannabis Oils
Whistler
The Lab
Absolute Terps
Market Size Split by Type
Organic Cannabis Oil
Non-Organic Cannabis Oil
Market Size Split by Application
Recreational
Medical
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Market size split by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
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