What is Cannabis Oil Market Scope?
The term cannabis is used to define a product of the Cannabis sativa plant that is bred for its potent, sticky glands that are known as trichomes. Cannabis is a naturally growing herb that has been used to treat health conditions and are also used in perfumes, soaps, candles. Cannabis oils are extracts from cannabis plants. The Cannabis plant have the same 100 or so active ingredients, but the balance of compounds depends on the specific plants the oil comes from. The two main active substances in cannabis plants are cannabidiol (CBD) and delta-9 tetrahydrocannabinol (THC).
Influencing Trend:
Legalization of Cannabis for Medicinal and Recreational Activities
Market Growth Drivers:
High Acceptance of Cannabis for Medical Purposes and Growing Demand for Cannabis Oil
Challenges:
Lack of Harvesting Innovations and Processing Facilities and Strict Government Regulations in Some Countries
Restraints:
Availability of Low Yield
Opportunities:
Growing Investments made for the Production of Cannabis Oil
The Cannabis Oil market study is being classified by Type (Organic and Non-Organic), by Application and major geographies with country level break-up.
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analysts at AMA predicts that Players from Canadian and United States will contribute to the maximum growth of Global Cannabis Oil market throughout the predicted period.
CV Sciences (United States), Emblem Cannabis Oils (Canada), ENDOCA (Netherlands), Cura Cannabis Solutions (United States), Isodiol International (Canada), Medical Marijuana (United States), Aurora Cannabis Inc. (Canada), Canopy Growth Corporation (Canada), K.I.N.D. Concentrates (United States), Halo (United States), Whistler Cannabis Co. (Canada) and Aphria Inc. (Canada) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Cannabis Oil market by Type, Application and Region.
On the basis of geography, the market of Cannabis Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
March 4, 2019: Aurora Completes Whistler Medical Acquisition. The Transaction provides Aurora with a premium and differentiated organic certified product suite, expanding both its medical and consumer offerings, and reinforcing Aurora's presence in the well-established west coast cannabis market.
Dec. 10, 2018: Emblem Corp. through its wholly-owned subsidiary Emblem Cannabis Corporation, announced the launch of a new line of 10mg Emblem Oil Capsules. Patients can expect the same high quality in the Emblem Oil Capsules as found in the rest of Emblem's line of oil products, which includes Atmosphere oral dose-metered sprays and Emblem Oils.
Department of Health & Social Care England: The Government has defined a cannabis-based product for medicinal use in humans as: a preparation or other product, other than one to which paragraph 5 of part 1 of Schedule 4 applies. Under the proposed new regime, all cannabis-based products for medicinal use apart from Sativex® (listed in Schedule 4 of the MDR and which has a market authorisation) would be unlicensed medicines.
Key Target Audience
Manufacturers of Cannabis Oil, Suppliers of Cannabis Oil, Wholesalers, Distributers and Retailers of Cannabis Oil, Healthcare Industry, Research Organization and Governmental Bodies
Cannabis Oil Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Cannabis Oil Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Cannabis Oil industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.