Surging Chronic Disease Rates Fuel Growth In Cannabis Extract Market: The Driving Engine Behind Cannabis Extract Market Evolution in 2025

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Cannabis Extract Market Size Growth Forecast: What to Expect by 2025?
The valuation of the cannabis extract market has experienced substantial expansion recently, projected to advance from an aggregate of $10.38 billion in the year 2024 to $12.6 billion in 2025, reflecting a compound annual growth rate (CAGR) calculated at 21.3%. Driving this expansion during the past period were several key factors, including the rise of the CB*D sector, shifting consumer preferences favoring naturally sourced items, the legislative approval of cannabis for non-medical purposes, the availability of a wider array of product choices, and ongoing investments in scientific investigation and development.

How Will the Cannabis Extract Market Size Evolve and Grow by 2029?
Anticipation surrounds the cannabis extract sector, projecting substantial expansion over the coming years; by 2029, this market is slated to reach a valuation of $25.93 billion, driven by a compound annual growth rate (CAGR) of 19.8%. Key impetus behind this upswing during the projection window stems from rising health and wellness awareness, intensified consumer enlightenment efforts, the tailoring of extract offerings, and the incorporation of these products into cosmetics and personal hygiene items. Furthermore, significant shifts shaping the outlook involve advancements in how extracts are obtained, the increasing popularity of both full-spectrum and broad-spectrum varieties, heightened attention to terpenes, the establishment of consistent product benchmarks and quality guarantees, alongside strategic industry alliances and cooperative ventures.

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What Drivers Are Propelling the Growth of Cannabis Extract Market Forward?
The growing incidence of long-term medical conditions, defined as ailments persisting for a year or more necessitating continuous healthcare, is anticipated to be a major catalyst for the cannabis extract market's expansion, given its documented efficacy in managing persistent noncancerous discomfort; to illustrate this point, the World Health Organization, the specialized United Nations body situated in Switzerland, reported that in September 2023, non-communicable diseases or chronic ailments accounted for 41 million fatalities annually worldwide, representing a substantial 74 percent of all global deaths, consequently fueling the demand and growth trajectory of the cannabis extract sector.

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Which Emerging Trends Are Transforming the Cannabis Extract Market in 2025?
A significant ongoing development within the cannabis extract sector is marked by the increasing importance of partnerships. Key entities within this field are engaging in joint ventures as a strategy for maintaining their market standing. Illustratively, in January of 2023, Freedom Cannabis Inc., a corporation based in Canada, alongside its collaborator Cannabis Tolling Solutions (CTS), also a Canadian-based provider specializing in cannabis extraction services, publicly confirmed that their recently established cannabis extract processing laboratory was both finalized and fully operational. This facility serves to introduce a novel source of income for the partners through the creation of cannabis extracts. The contemporary facility incorporates advanced hydrocarbon extraction apparatus. From the outset, the planned output involves vape pen-grade products containing no additives, alongside full-spectrum cannabis extracts, commonly identified by the description 'diamonds and sauce'. Freedom Cannabis is enabling the CTS personnel to access the regulated concentrates market, and the inauguration of this extracts laboratory represents an expansion of their cooperative arrangement which was already in place.

What Are the Key Segments in the Cannabis Extract Market?
The cannabis extractmarket covered in this report is segmented -

1) By Product Type: Oils; Tinctures
2) By Extract Type: Full Spectrum Extracts; Cannabis Isolates
3) By Sources: Hemp; Marijuana
4) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
5) By Application: Textile; Cosmetic; Pharmaceutical; Paper

Subsegments:
1) By Oils: CB*D Oils; TH*C Oils; Full-Spectrum Oils
2) By Tinctures: CB*D Tinctures; TH*C Tinctures; Herbal Infused Tinctures

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Who Are the Key Players Shaping the Cannabis Extract Market's Competitive Landscape?
Major companies operating in the cannabis extract market are Canopy Growth Corporation, Tikun Olam, Aurora Cannabis Inc., Aphria Inc., Tilray Inc., GW Pharmaceuticals PLC, The Cronos Group, The Supreme Cannabis Company Inc., Elixinol Global Limited, Westleaf Cannabis Inc., Medipharm Labs Corp., The Valens Company Inc., Curaleaf Holdings Inc., Innovative Ind Props, Green Thumb Industries, Verano Holdings, Trulieve Cannabis Corp., Cresco Labs Inc., Delta 9 Cannabis Inc., BZAM Ltd., Sundial Growers Inc., Decibel Cannabis Company, Auxly Cannabis Group, Red White & Bloom Brands, Jazz Pharmaceuticals PLC, Organigram Inc., MedReleaf Corp., Terrascend Corp.

What Geographic Markets Are Powering Growth in the Cannabis Extract Market?
North America was the largest region in the cannabis extract market in 2024. The regions covered in the cannabis extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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