Press release
Cannabis Market with Leading Players like Aphria, Inc. Aurora Cannabis, Cannabis Science, Inc. Canopy Growth Corporation, Medical Marijuana, Inc. VIVO Cannabis, Inc. Tikun Olam Ltd, Terra Tech Corp. Tilray Cronos Group
Cannabis Market
The global cannabis market is expected to reach US$ 153,689.9 Mn in 2027 from US$ 10,838.1 in 2019. The market is estimated to grow with a CAGR of 34.5% from 2019-2027.
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The key factors such as legalization of medical cannabis, increasing awareness of medical cannabis through conferences, symposia, and workshops, and growing medicinal application of cannabis boosting the market over the years. The North America region is the fastest growing market among the all regions and is expected to grow with CAGR of 35.3%. This market is expected to reach to US$ 67,915.6 in 2027 from US$ 4,518.7 Mn in 2018. The growth in North America is characterized by increase in the approval of cannabis medicinal products. Moreover, increasing number of companies offering medicinal cannabis, growing medicinal applications of cannabis and increasing key factors contributing to the growth of cannabis market.
Company Profiles
Aphria, Inc.
Aurora Cannabis
Cannabis Science, Inc.
Canopy Growth Corporation
Medical Marijuana, Inc.
VIVO Cannabis Inc.
Tikun Olam Ltd
Terra Tech Corp.
Tilray
Cronos Group
Cannabis Market - Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/ position of top 5 key vendors.
Cannabis Market is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 - 2027, considering 2018 as the base year and 2018 - 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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GLOBAL CANNABIS MARKET - MARKET SEGMENTATION
Global Cannabis Market - By Product Type
Flowers
Concentrates
Others
Global Cannabis Market - By Application
Medical
Pain Management
Neurological Health Management
Mental Health Management
Others
Recreational
Global Cannabis Market - By Compound
Tetrahydrocannabinol (THC)-Dominant
Cannabidiol (CBD)-Dominant
Balanced THC and CBD
Global Cannabis Market - By Region
North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
South America (SAM)
Brazil
Argentina
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