Global Cannabis Concentrate Market 2025 – 2034

Reports Description

The cannabis concentrate market had touched USD 3.94 billion in the year 2021 and is expected to rise to around USD 18.5 billion by the end of 2030 at a compound annual growth rate of 25.04%. The cannabis concentrate is obtained from a variety of flowering plants which has seen its application since ancient times.

These flowers’ main therapeutic benefits are used to treat a variety of chronic conditions that don’t respond well to other conventional treatments. As a result of individuals living longer, there are an increasing number of people who are elderly. The government’s provision of modern healthcare facilities, along with insurance companies’ ability to reimburse users for their use, has made it possible for people to access these services. As a result, more people are now afflicted with chronic illnesses and other conditions.

As a result, the use of marijuana-derived medicines has been observed in the market today. The active ingredients of the complete plant are included in the concentrate made from cannabis rose flowers, which is a key ingredient. For the treatment of a variety of disorders, these active principles show to be of tremendous therapeutic value. The severe regulations and limitations put in place by the governments of different countries governing the sale and distribution of cannabis concentrate and related products operate as a restraint on the market’s expansion.

COVID-19 Analysis:

The tight lockdown and restricted movement imposed by the government as a result of the pandemic epidemic had a significant impact on the demand and supply of the cannabis concentrate industry. This action was designed to prevent the spread of infection, but also interfered with the daily use of cannabis products by regular clients. The government’s restrictions caused a significant setback for the potential customers.

Nonetheless, the post-pandemic period helped the market regain its pace because of the quick increase in supply and demand that occurred. In addition to being used for smoking, cannabis concentrates are used in the pharmaceutical industry’s manufacturing industries where ongoing research and development is being conducted in order to bring new and advanced medicines to society in order to treat a variety of chronic diseases for which there is no effective treatment option at this time.

Growth Factors

The industry has experienced significant expansion as a result of the legalisation of marijuana and cannabis concentrate products in numerous nations throughout the world. Many people are still unaware of the many health advantages that these cannabis products can provide, which has led to the spread of erroneous myths about the effects of medications and other goods made from concentrate. The public’s growing understanding of cannabis products and the health benefits associated with cannabinoids has contributed to the market’s sustained, significant expansion.

Many people around the world complain of experiencing excruciating agony, a problem for which the present medical system offers no lasting relief. With the use of cannabis products, which aid in the management of a body’s chronic pattern of pain, this campaign has found an appropriate response. With the increased research and development by the major market participants, the method by which cannabis flower concentrate is produced has also been updated and developed.

In comparison to the temperature that burns out the original cannabis flower, the temperature at which the concentrate is made from cannabis blossoms is considerably different. This led to the creation of vaporizers, which make it easier to access concentrates while preserving the substance’s active ingredients and preserving the therapeutic benefits of cannabis. The major vape industry players have recently developed advanced vaporizer designs that produce excellent results while preserving the purity of the primary drug. After learning about the advantages of cannabis, many nations around the world have made the sale and distribution of cannabis and its products legal.

This has caused a large-scale supply, production, and distribution of cannabis goods, particularly among developed countries. For a variety of reasons, the Asia Pacific region’s nations have placed restrictions on the use of cannabis and its constituent parts, which has significantly slowed the market’s expansion. On the other hand, several developed nations have authorised the use of cannabis-related products in order to benefit from their advantageous features. The government has approved a set of rules and regulations that allow individuals to grow a modest number of cannabis plants in a household setting with the aid of a permit and engage in sales and supply.

Segmental insights

Segmentation of cannabis concentrates market on the basis of product type

Due to the enormous demand seen in the industry, vaping is projected to hold the greatest share in terms of product type. During the current market trend, it has shown to be this segment’s variety with the greatest growth rate, and it is anticipated that this trend will continue in the future. The many items sold under the heading of “shatter” have long been regarded as the most pure cannabis flower derivatives. As it includes between 60 and 90 percent of the ingredients present in cannabis flower, this sort of concentrate is produced under the purest circumstances.

The following category of products, which includes oil and wax, is disseminated widely under this category as a result of the market’s rising demand for natural goods. According to recent market demand, the vape market category experienced the fastest increase, and it is anticipated that this trend would continue in the near future due to rising customer demand for high-quality goods.

In order to relieve patients with their severe chronic pain, topical applications like oil and wax are used. It is anticipated that the market would continue to expand throughout the forecast period due to rising consumer demand for marijuana and its components. According to the texture and type of the skin, oil and wax have been employed in the manufacturing process of various creams and lotions, which offers better benefits due to the cannabis component present in the application. Local applications have proven to be a significant development driver because they draw a sizable number of people who buy drugs and medications over the counter without a prescription.

Segmentation of cannabis concentrates market on the basis of end-user

The pharmaceutical industry has experienced the greatest growth in terms of end-users due to the quickening pace of medical research and development, which has led to the creation of cutting-edge medications with the goal of treating a vast array of chronic diseases that are common among residents of developed nations. Several chronic conditions, including cancer, epilepsy, and any neurological problems, can be treated using cannabis concentrate in the form of medications. The quick legalising process that has taken place in several nations throughout the world has led to the quickest development in the recreational business.

Due to the hotel industry’s quick adoption of flavours and test makers, the food business has also seen significant expansion. Cannabis components are employed in food, drinks, and beverages, which will contribute significantly to the market’s growth over the course of the projection period. The market for cannabis concentrates has also seen significant expansion in other segments, such as the market for cannabis smokers who use the drug’s active ingredients as a stimulant. The consumer in this situation experiences a large number of side effects, which proves to be bad for the market.

Report Scope

Regional Insights

Geographically, North America has experienced the greatest development due to the enormous demand and supply that exists for cannabis goods as a result of the legalising regulations that have been put in place surrounding the use of this substance. Rapid research and development by the major market players has helped the market to experience significant growth and to focus on potential customers in order to maintain the long-term sales of the products.

This research and development aims to understand the medical benefits as well as the side effects caused by the medicine. Due to the ongoing limitations and regulations that are enforced, the countries in the Asia-Pacific region have experienced unrestricted growth. In order to take advantage of the therapeutic benefits and active ingredients found in the plant, the region of Canada recently legalised the usage of cannabis products. Due to a rise in consumer demand for cannabis concentrates, South America has also made a significant contribution to the market’s expansion.

Due to the severe limits established by the government, the Asia Pacific region has only made a minimal contribution. Considering the advantages that cannabis concentrates offer us, the Middle Eastern market has also demonstrated a significant desire for these products.

Recently Occurring Events:

• What disclosure was made about a deal between them to broaden the company’s reach when the canopy growth company acquired the supreme cannabis corporation in April 2021? Making a substantial imprint on the world market was the goal.

Segments covered in the report on the cannabis concentrate market

By Product Type

• Shatter
• Budder
• Rosin
• Live Resin
• Others

By End Use

• Industrial
• Pharmaceuticals
• Food Industry
• Dietary Supplements
• Cosmetics & Personal care
• Recreational

By Distribution Channel

• Direct
• Indirect
• Pharmacy Stores
• Specialty Stores
• Others

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America