Frequently Asked Questions
The cannabis concentrate market refers to the industry segment focused on extracting and processing potent forms of cannabis, such as oils, waxes, and resins, for medical and recreational use.
Key factors include expanding legalization, advancements in extraction technologies, rising medical applications, and shifting consumer preferences toward high-potency products.
The market is projected to grow from USD 6.3 billion in 2026 to USD 29 billion by 2035.
The CAGR is expected to be 17.7% during the period from 2026 to 2035.
North America will contribute notably, accounting for approximately 42% of the global market value.
Major players include Canopy Growth Corporation, Tilray Brands Inc., Aurora Cannabis Inc., Curaleaf Holdings Inc., and Green Thumb Industries Inc.
The report provides comprehensive insights into market size, growth drivers, segmentation, regional analysis, key players, trends, and future projections.
The value chain includes cultivation, extraction and processing, packaging, distribution, and retail sales to end consumers.
Trends are shifting toward sustainable, solventless products and personalized formulations, with consumers preferring discreet, potent options for wellness and recreation.
Regulatory factors like legalization variations and tax policies, alongside environmental concerns such as sustainable sourcing and waste management, are key influencers.