Cannabis Concentrate Market Share Evolution and Market Growth Trends 2024 - 2031

The "Cannabis Concentrate Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Cannabis Concentrate market is expected to grow annually by 8.7% (CAGR 2024 - 2031).

This entire report is of 178 pages.

Cannabis Concentrate Introduction and its Market Analysis

Cannabis Concentrate is a highly potent form of cannabis extract that is gaining popularity among consumers for its strong effects and convenience. The market for Cannabis Concentrate is projected to grow significantly in the coming years, driven by factors such as increasing legalization of cannabis, rising demand for alternative consumption methods, and growing awareness about the therapeutic benefits of cannabis. Key players in the Cannabis Concentrate market include Canopy Growth Corporation, Aurora Cannabis, Tikun Olam, and others. The main findings of the market research report highlight the strong revenue growth potential of the Cannabis Concentrate market and recommend companies to focus on product innovation and strategic partnerships to capitalize on this growing market opportunity.

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The cannabis concentrate market is experiencing rapid growth, with various types such as Hashish, Cannabis Budder, Cannabis Oil, and others gaining popularity. These concentrates are being used in a wide range of applications including Pharmaceuticals, Food Industry, Recreational, and Others.

Regulatory and legal factors play a significant role in the cannabis concentrate market. The legalization of cannabis in many regions has opened up opportunities for manufacturers and distributors to enter the market. However, stringent regulations around production, distribution, and marketing of cannabis products make it crucial for companies to comply with legal requirements.

In some regions, cannabis concentrates are strictly regulated and can only be used for medicinal purposes. While in others, they are legally available for recreational use. It is important for companies operating in this market to stay updated on the changing regulatory landscape to ensure compliance and avoid legal repercussions.

Overall, the cannabis concentrate market holds immense potential for growth, driven by increasing demand for these products across various industries. Companies willing to navigate the complex regulatory and legal factors specific to this market can capitalize on the opportunities available and establish a strong presence in the industry.

Top Featured Companies Dominating the Global Cannabis Concentrate Market

The cannabis concentrate market is highly competitive, with several key players leading the industry. Some of the major companies operating in this market include Canopy Growth Corporation, Aurora Cannabis, Tikun Olam, Cannabis Science, Aphria, Maricann Group, Tilray, VIVO Cannabis, Medical Marijuana, STENOCARE, Cronos Group, Terra Tech, and MedMen.

These companies utilize various strategies to tap into the growing demand for cannabis concentrates. They invest heavily in research and development to create innovative products that cater to different consumer preferences. Additionally, they focus on expanding their distribution networks and forming strategic partnerships to reach a wider audience.

Canopy Growth Corporation, for example, is one of the largest cannabis companies in the world and has a strong presence in the concentrate market through its brand Tweed. Aurora Cannabis is known for its diverse product lineup, including a wide range of concentrates. Tikun Olam is a leading Israeli medical cannabis company with a focus on producing high-quality concentrates for medical use.

These companies help to grow the cannabis concentrate market by driving innovation, expanding product offerings, and increasing accessibility to consumers. They contribute to the overall growth of the market by investing in marketing and branding campaigns to educate the public about the benefits of cannabis concentrates.

In terms of sales revenue, Canopy Growth Corporation reported revenues of $ million in 2020, Aurora Cannabis reported revenues of $143.3 million, and Cronos Group reported revenues of $23.8 million. These figures highlight the strong financial performance of these companies in the cannabis concentrate market.

• Canopy Growth Corporation
• Aurora Cannabis
• Tikun Olam
• Cannabis Science
• Aphria
• Maricann Group
• Tilray
• VIVO Cannabis
• Medical Marijuana
• STENOCARE
• Cronos Group
• Terra Tech
• MedMen

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Cannabis Concentrate Market Analysis, by Type:

• Hashish
• Cannabis Budder
• Cannabis Oil
• Other

1. Hashish: A potent form of concentrated cannabis made by extracting resin glands from the plant. Known for its high THC content, hashish is popular among cannabis enthusiasts looking for a strong psychoactive effect.

2. Cannabis Budder: A creamy concentrate with a smooth texture, cannabis budder is created by whipping together cannabinoids and terpenes. Its consistency makes it easy to use in dabs or vaporizers, appealing to both recreational and medical users.

3. Cannabis Oil: A versatile concentrate made by extracting THC and CBD from the plant, cannabis oil can be used in edibles, topicals, or vaporizers. Its convenience and precision dosing have contributed to its popularity in the market.

4. Other types of cannabis concentrates, such as shatter, wax, and distillate, offer various textures and potencies to cater to different preferences and needs.

These diverse types of cannabis concentrates appeal to a wide range of consumers, offering potent effects and versatile applications. As legalization spreads and more users seek concentrated forms of cannabis for their convenience and potency, the demand for these products continues to grow, driving the expansion of the cannabis concentrate market.

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Cannabis Concentrate Market Analysis, by Application:

• Pharmaceuticals
• Food Industry
• Recreational
• Others

Cannabis concentrate is applied in various industries including pharmaceuticals, where it is used in medicines for pain relief and management of chronic conditions. In the food industry, it is used to infuse edibles and beverages with cannabis for recreational and medicinal purposes. In recreational applications, cannabis concentrate is commonly used for vaping and dabbing. Other applications include cosmetics and wellness products. The fastest growing application segment in terms of revenue is pharmaceuticals, as research continues to explore the medicinal benefits of cannabis concentrate for various health conditions.

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Cannabis Concentrate Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The cannabis concentrate market is experiencing significant growth across the globe, with North America leading the way in terms of market share. The United States and Canada in particular have seen a surge in demand for cannabis concentrates. Europe, especially countries like Germany, France, ., and Italy, is also witnessing a rise in the popularity of cannabis concentrates. In Asia-Pacific, China, Japan, South Korea, and India are expected to dominate the market in the coming years. Latin America, particularly Mexico and Brazil, is also showing strong growth potential. The Middle East & Africa region, including Turkey, Saudi Arabia, and UAE, is seeing a gradual increase in the adoption of cannabis concentrates. Overall, North America is expected to dominate the market with a market share of around 40%, followed by Europe with 30%, Asia-Pacific with 20%, Latin America with 5%, and Middle East & Africa with 5%.

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