Cannabis Marijuana Market Size, Share, Growth Analysis and Forecast to 2030
Fortune Business Insights has released its latest research study, “Cannabis Marijuana Market,” for 2024, covering industry size, market share, growth, segmentation, leading manufacturers, and recent developments. The report examines key trends, market drivers, restraints, regulatory impacts, distribution methods, emerging opportunities, strategies, potential roadmaps, and provides an annual forecast through 2032.
The global cannabis market size was valued at USD 43.72 billion in 2022 and is projected to grow from USD 57.18 billion in 2023 to USD 444.34 billion by 2030, exhibiting a CAGR of 34.03% during the forecast period. North America dominated the global market with a share of 81.79% in 2022. Moreover, the cannabis market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 428.22 billion by 2032, driven by increasing legalization of medical and recreational cannabis in different states of the U.S.
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The Leading Players involved in the global Cannabis Marijuana Market are:
Aurora Cannabis Inc. (Canada),Tilary, Inc. (Canada),Canopy Growth Corporation (Canada),CannTrust Holdings Inc. (Canada),VIVO Cannabis Inc. (Canada),Cronos Group Inc. (Canada),Jazz Pharmaceuticals (Ireland),OrganiGram Holdings (Canada),Lexaria Corp. (Canada),ABcann Medicinals, Inc. (Canada)
Competitive Landscape & Company Profiles:
The market report includes a detailed overview of the major players in the Cannabis Marijuana industry within its competitive landscape and company profile sections. Each key player is assessed based on factors such as their product or service offerings, financial performance, recent developments, market strategies, positioning, geographic reach, and other critical attributes. Additionally, the report provides a SWOT analysis that highlights strengths, weaknesses, opportunities, and threats, as well as winning strategies, current priorities, and competitive threats for the top three to five companies in the market. The list of companies featured in the study can also be customized to meet specific client requirements.
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
Key Segmentation of the Cannabis Marijuana Market Report:
The Market is segmented into Size, Share & COVID-19 Impact Analysis, By Type (Flowers/Buds and Concentrates), By Application (Medical, Recreational (Edibles and Topicals), and Industrial Hemp) By Component (THC-Dominant, Balanced THC & CBD, and CBD Dominant), and Regional Forecast, 2023-2030
Regional Analysis:
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)
- South America (Brazil, Argentina, Rest of South America)
- Middle East and Africa
Five Forces and Pestle analysis:
To gain a clearer understanding of the market landscape, a five-force analysis is conducted. This includes evaluating buyer bargaining power, supplier bargaining power, the threat of new entrants, the threat of substitutes, and the intensity of competition.
- Politics (political policy and stability, trade, finance, tax system)
- Economics (interest rates, employment or unemployment rates, commodity costs, exchange rates)
- Social (family demographics, education level, changing cultural trends, changing attitudes, changing lifestyle)
- technology (digital or mobile technology changes, automation, research and development)
- Law (labour law, consumer law, health and safety, international and trade regulations and restrictions)
- Environmental (climate, recycling processes, carbon footprint, waste management, sustainability)
Cannabis Marijuana Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
Report Drivers & Trends Analysis:
The report examines the factors driving and restraining the growth of the Cannabis Marijuana market, analyzing their specific impact on demand throughout the forecast period. Additionally, it highlights growth drivers, recent developments, emerging trends, challenges, limitations, and potential growth opportunities. This section emphasizes the evolving trends and dynamics within the Cannabis Marijuana market. The study also offers a forward-looking perspective on various factors anticipated to contribute to the market’s overall expansion.
Future Outlook
Finally, the report provides a forward-looking perspective on the [industry/sector], forecasting upcoming trends, technological advancements, and regulatory influences that will shape the future market landscape.
Key questions answered in the report:
- What is the historical market size for Cannabis Marijuana Market across the global?
- What are the market forecasts and estimates?
- What are the major drivers, restraints, and opportunities in the Cannabis Marijuana Market?
- Who are the major players in the Cannabis Marijuana Market, and what are their market shares?
- Who are the major players in various countries, and what are their market shares?
- How is the competitive landscape?
- What are the recent developments in the Cannabis Marijuana Market?
- What are the different strategies adopted by the major players in the market?
- What are the geographic trends and high-growth countries?
- Who are the local emerging players in the global Cannabis Marijuana Market, and how do they compete with other players?
Table Of Contents:
Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Overview
1. Report Description
- Market Definition and Scope
2. Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
3. Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
1. Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Toc Continued….
Conclusion
This Cannabis Marijuana market research report serves as a crucial resource for stakeholders seeking to make informed decisions and seize growth opportunities within the [industry/sector]. By gaining insights into market trends and consumer behaviors, businesses can refine their strategies to drive innovation and achieve long-term, sustainable growth.
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