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Cann*abis Capsule Market Expected to Achieve 18.6% CAGR by 2029: Growth Forecast Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Canna*bis Capsule Market Size By 2025?
Recent years have seen a significant expansion in the Canna*bis capsule market size. The market, which is poised to surge from $38.75 billion in 2024 to $47.37 billion in 2025, boasts a compound annual growth rate (CAGR) of 22.2%. Factors such as the breakthroughs in research and development, swelling medical needs, and rising research initiatives have been credited for the remarkable growth during the historic period.
How Big Is the Canna*bis Capsule Market Size Expected to Grow by 2029?
In the coming years, the Canna*bis capsule market is anticipated to expand significantly. Experts predict that by 2029, it will increase to $93.59 billion with a compound annual growth rate (CAGR) of 18.6%. This growth during the forecast period can be credited to several factors such as the rise in neurological disorders, further legalization, and evolving consumer preferences. The forecast period will also show major trends like product innovation, strategic collaborations, and advancements in technology.
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Which Key Market Drivers Powering Canna*bis Capsule Market Expansion and Growth?
The surge in neurological disorders is anticipated to spearhead the expansion of the Canna*bis capsule market in the future. These disorders refer to medical issues that impact the central and peripheral nervous systems, including the brain and the spinal cord's and body's nerves. Canna*bis capsules contain compounds like cann*abidiol that are potentially beneficial to neurological disorders, as they can help inhibit the onset of social recognition memory loss in diseases like Alzheimer's. For example, in October 2023, the World Federation of Neurology, a UK-based coalition of nationwide neurological societies, stated that over 40% of the global population suffers from some type of neurological condition, a figure that is predicted to almost double by 2050. Hence, the escalating prevalence of neurological disorders is furthering the development of the Canna*bis capsule market.
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Which Fast-Growing Trends Are Poised to Disrupt the Canna*bis Capsule Market?
Leading businesses in the Canna*bis capsule sector are focusing on developing unique products like oral Canna*bis capsules in order to secure a competitive advantage. These are capsules that encapsulate Canna*bis derivatives like oil and decarboxylated flower. For example, in January 2023, Holistic Industries, an American organic medicinal Canna*bis firm, released CANNACEUTICA in the USA. It is the debut oral Canna*bis capsule equipped with dosing guidelines particularly designed for and researched by individuals dealing with chronic pain. This is an unprecedented product and a preferable alternative to opioids, substantiated by evidence and straightforward dosing instructions. Each bottle of the oral Canna*bis pill includes an Easy Dose Chart and simple dosing directions, helping users determine the best dosage. The suggested starting dosage is 2.5 milligrams of (Tetrahydrocannabinol).
What Are the Emerging Segments in the Canna*bis Capsule Market?
The Canna*bis capsule market covered in this report is segmented -
1) By Type: High Tetrahydrocannabinol Capsules, Tetrahydrocannabinol Or Cannabinol Balance Capsule, High Cannabinol Capsules
2) By Compound: Tetrahydrocannabinol (THC)-Dominant, Can*nabidiol-Dominant
3) By End User: Hospital Pharmacies, Retail Pharmacies, Drug Stores, Online Sales
Subsegments:
1) By High Tetrahydrocannabinol Capsules: Full-Spectrum Capsules, Isolate Capsules
2) By Tetrahydrocannabinol Or Cannabinol Balance Capsule: Ratio Capsules, Blend Capsules
3) By High Cannabinol Capsules: Full-Spectrum CBN Capsules, Isolate CBN Capsules
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Who Are the Global Leaders in the Canna*bis Capsule Market?
Major companies operating in the Canna*bis capsule market report are GW Pharmaceuticals PLC, Trulieve Canna*bis Corp., Green Thumb Industries Inc., Tilray Inc., Columbia Care Inc., Aphria Inc., Curaleaf Holdings Inc., Canopy Growth Corporation, Cresco Labs Inc., Aurora Canna*bis Inc., Organigram Holdings Inc., Harvest Health & Recreation Inc., Cronos Group Inc., TerrAscend Corp., Vireo Health International Inc., Charlotte's Web Holdings Inc., The Valens Company Inc., Acreage Holdings Inc., Neptune Wellness Solutions Inc., CannTrust Holdings Inc., Valens Company Inc., HEXO Corp., Cann Group Limited, Plus Products Inc., Heritage Canna*bis Holdings Corp., PharmaCielo Ltd., MediPharm Labs Corp., Sundial Growers Inc., MedReleaf Corp., Wana Brands
Which are the Top Profitable Regional Markets for the Canna*bis Capsule Industry?
North America was the largest region in the Canna*bis capsule market in 2024. The regions covered in the Canna*bis capsule market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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