Global Cannabis Market Report, History and Forecast 2018-2029, Breakdown Data by Companies, Key Regions, Types and Application
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This report aims to provide a comprehensive presentation of the global market for Cannabis, with and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cannabis.
The Cannabis market size considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Cannabis market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Cannabis manufacturers, new entrants, and industry chain related companies in this market with information for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
The global Cannabis market size in 2022 is 26100.0 million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 23.50% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Cannabis market include Aurora Cannabis Inc., Tilray, Inc., Canopy Growth Corporation, Cresco Labs, LLC, and Curaleaf, Inc.. The share of the top 3 players in the Cannabis market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Cannabis market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Buds or Marijuana Flower accounted for XX% of Cannabis market in 2022. Cannabis Extracts share of XX%.
Medical accounted for XX% of the Cannabis market in 2022. Recreational accounts for XX%.
Consumer needs and trends have always been important drivers of the consumer goods industry. Today's consumers pay more attention to product quality, health, environmental protection and other aspects. For example, plant-based products, gluten-free foods, organic cosmetics, etc. are receiving more and more attention. In addition, with the popularization of 5G technology, products such as smart home and smart wearables will also have broader market prospects.
Some notable trends:
E-commerce Expansion: The growth of online shopping continues to reshape the consumer goods industry. More consumers are embracing the convenience and accessibility of e-commerce platforms, leading to a surge in online sales. Companies are investing heavily in their online presence, optimizing websites for mobile devices, and enhancing the overall customer experience through personalized recommendations and fast delivery options.
Direct-to-Consumer (D2C) Brands: D2C brands have gained significant traction in recent years. These companies bypass traditional retail channels and sell directly to consumers through their websites or specialized online platforms. D2C brands often focus on niche markets, offering unique and innovative products, and leveraging social media marketing to build strong customer relationships.
Rise of Subscription Services: Subscription-based models are on the rise, particularly in industries like beauty, fashion, and food. These services provide consumers with a regular supply of products delivered to their doorstep, offering convenience and the element of surprise. Companies are leveraging subscriptions to build customer loyalty, gather data, and create recurring revenue streams.
Key Regions Covered in This Report Are
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
South America
Brazil
Argentina
Colombia
MEA
Saudi Arabia
Egypt
Nigeria
Some of the major players operating in the global market include:
Aurora Cannabis Inc.
Tilray, Inc.
Canopy Growth Corporation
Cresco Labs, LLC
Curaleaf, Inc.
Ecofibre Ltd.
Green Thumb Industries Inc.
HEXO Operations Inc.
INDIVA Inc.
Maricann Inc.
Segment by Type
Buds or Marijuana Flower
Cannabis Extracts
Segment by Application
Medical
Recreational
Others
Table of Content
1 Cannabis Market Overview
1.1 Cannabis Product Description
1.2 Cannabis Market Segment by Type
1.3 Global Cannabis Market Size by Type
1.3.1 Global Cannabis Market Size Overview by Type
1.3.2 Global Cannabis Historic Market Size Review by Type
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Cannabis Sales Breakdown by Type
1.4.2 Europe Cannabis Sales Breakdown by Type
1.4.3 Asia-Pacific Cannabis Sales Breakdown by Type
1.4.4 Latin America Cannabis Sales Breakdown by Type
1.4.5 Middle East and Africa Cannabis Sales Breakdown by Type
2 Global Cannabis by Application
2.1 Cannabis Market Segment by Application
2.2 Global Cannabis Market Size by Application
2.2.1 Global Cannabis Market Size Overview by Application
2.2.2 Global Cannabis Historic Market Size Review by Application
2.3 Key Regions Market Size Segment by Application
2.3.1 North America Cannabis Sales Breakdown by Application
2.3.2 Europe Cannabis Sales Breakdown by Application
2.3.3 Asia-Pacific Cannabis Sales Breakdown by Application
2.3.4 Latin America Cannabis Sales Breakdown by Application
2.3.5 Middle East and Africa Cannabis Sales Breakdown by Application
3 Cannabis Status and Outlook by Region
3.1 Global Cannabis Market Size and CAGR by Region: 2018 VS 2023 VS 2029
3.2 Global Cannabis Historic Market Size by Region
3.2.1 Global Cannabis Sales in Volume by Region
3.2.2 Global Cannabis Sales in Value by Region
3.2.3 Global Cannabis Sales Price and Gross Margin
3.3 Global Cannabis Forecasted Market Size by Region
3.3.1 Global Cannabis Sales in Volume by Region
3.3.2 Global Cannabis Sales in Value by Region
3.3.3 Global Cannabis Sales Price and Gross Margin
4 Global Cannabis Market Competition by Company
4.1 Global Top Players by Cannabis Sales
4.2 Global Top Players by Cannabis Revenue
4.3 Global Top Players Cannabis Price
4.4 Global Top Manufacturers Cannabis Manufacturing Base Distribution, Sales Area, Product Type
4.5 Cannabis Market Competitive Situation and Trends
4.5.1 Cannabis Market Concentration Rate
4.5.2 Global 3 and 6 Largest Manufacturers by Cannabis Sales and Revenue in 2022
4.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Cannabis as of 2022)
4.7 Date of Key Manufacturers Enter into Cannabis Market
4.8 Key Manufacturers Cannabis Product Offered
4.9 Mergers & Acquisitions, Expansion
5 North America Cannabis by Country
5.1 North America Cannabis Historic Market Size by Country
5.1.1 North America Cannabis Sales in Volume by Country
5.1.2 North America Cannabis Sales in Value by Country
5.2 North America Cannabis Forecasted Market Size by Country
5.2.1 North America Cannabis Sales in Volume by Country
5.2.2 North America Cannabis Sales in Value by Country
6 Europe Cannabis by Country
6.1 Europe Cannabis Historic Market Size by Country
6.1.1 Europe Cannabis Sales in Volume by Country
6.1.2 Europe Cannabis Sales in Value by Country
6.2 Europe Cannabis Forecasted Market Size by Country
6.2.1 Europe Cannabis Sales in Volume by Country
6.2.2 Europe Cannabis Sales in Value by Country
7 Asia-Pacific Cannabis by Country
7.1 Asia-Pacific Cannabis Historic Market Size by Country
7.1.1 Asia-Pacific Cannabis Sales in Volume by Country
7.1.2 Asia-Pacific Cannabis Sales in Value by Country
7.2 Asia-Pacific Cannabis Forecasted Market Size by Country
7.2.1 Asia-Pacific Cannabis Sales in Volume by Country
7.2.2 Asia-Pacific Cannabis Sales in Value by Country
8 Latin America Cannabis by Country
8.1 Latin America Cannabis Historic Market Size by Country
8.1.1 Latin America Cannabis Sales in Volume by Country
8.1.2 Latin America Cannabis Sales in Value by Country
8.2 Latin America Cannabis Forecasted Market Size by Country
8.2.1 8.2.1 Latin America Cannabis Sales in Volume by Country
8.2.2 8.2.2 Latin America Cannabis Sales in Value by Country
9 Middle East and Africa Cannabis by Country
9.1 Middle East and Africa Cannabis Historic Market Size by Country
9.1.1 Middle East and Africa Cannabis Sales in Volume by Country
9.1.2 Middle East and Africa Cannabis Sales in Value by Country
9.2 Middle East and Africa Cannabis Forecasted Market Size by Country
9.2.1 Middle East and Africa Cannabis Sales in Volume by Country
9.2.2 Middle East and Africa Cannabis Sales in Value by Country
10 Manufacturers Profiles
10.1 Aurora Cannabis Inc.
10.1.1 Aurora Cannabis Inc. Information
10.1.2 Business Overview
10.1.3 Aurora Cannabis Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.1.4 Cannabis Products Offered
10.1.5 Aurora Cannabis Inc. Recent Development
10.2 Tilray, Inc.
10.2.1 Tilray, Inc. Information
10.2.2 Business Overview
10.2.3 Tilray, Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.2.4 Cannabis Products Offered
10.2.5 Tilray, Inc. Recent Development
10.3 Canopy Growth Corporation
10.3.1 Canopy Growth Corporation Information
10.3.2 Business Overview
10.3.3 Canopy Growth Corporation Cannabis Sales, Price, Revenue, Gross Margin
10.3.4 Cannabis Products Offered
10.3.5 Canopy Growth Corporation Recent Development
10.4 Cresco Labs, LLC
10.4.1 Cresco Labs, LLC Information
10.4.2 Business Overview
10.4.3 Cresco Labs, LLC Cannabis Sales, Price, Revenue, Gross Margin
10.4.4 Cannabis Products Offered
10.4.5 Cresco Labs, LLC Recent Development
10.5 Curaleaf, Inc.
10.5.1 Curaleaf, Inc. Information
10.5.2 Business Overview
10.5.3 Curaleaf, Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.5.4 Cannabis Products Offered
10.5.5 Curaleaf, Inc. Recent Development
10.6 Ecofibre Ltd.
10.6.1 Ecofibre Ltd. Information
10.6.2 Business Overview
10.6.3 Ecofibre Ltd. Cannabis Sales, Price, Revenue, Gross Margin
10.6.4 Cannabis Products Offered
10.6.5 Ecofibre Ltd. Recent Development
10.7 Green Thumb Industries Inc.
10.7.1 Green Thumb Industries Inc. Information
10.7.2 Business Overview
10.7.3 Green Thumb Industries Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.7.4 Cannabis Products Offered
10.7.5 Green Thumb Industries Inc. Recent Development
10.8 HEXO Operations Inc.
10.8.1 HEXO Operations Inc. Information
10.8.2 Business Overview
10.8.3 HEXO Operations Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.8.4 Cannabis Products Offered
10.8.5 HEXO Operations Inc. Recent Development
10.9 INDIVA Inc.
10.9.1 INDIVA Inc. Information
10.9.2 Business Overview
10.9.3 INDIVA Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.9.4 Cannabis Products Offered
10.9.5 INDIVA Inc. Recent Development
10.10 Maricann Inc.
10.10.1 Maricann Inc. Information
10.10.2 Business Overview
10.10.3 Maricann Inc. Cannabis Sales, Price, Revenue, Gross Margin
10.10.4 Cannabis Products Offered
10.10.5 Maricann Inc. Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Cannabis Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Cannabis Industrial Chain Analysis
11.4 Cannabis Market Dynamics
11.4.1 Cannabis Industry Trends
11.4.2 Cannabis Growth Drivers
11.4.3 Cannabis Market Challenges
11.4.4 Cannabis Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Cannabis Distributors
12.3 Cannabis Downstream Customers
13 Research Findings and Conclusion
14 Methodology and Data Source
14.1 A Methodology
14.1.1 Research Process
14.1.2 Market Size Estimation
14.1.3 Market Breakdown and Data Triangulation
14.2 B Data Source
14.2.1 Legal Disclaimer
Tables & Figures:
List of Tables and Figures
Figure Global Cannabis Market Size Overview by Type
Table Global Cannabis Sales Breakdown in Volume, by Type
Table Global Cannabis Sales Breakdown in Value, by Type
Table Global Cannabis Average Selling Price (ASP) by Type
Table Global Cannabis Sales Breakdown in Volume, by Type (2023-2029)
Table Global Cannabis Sales Breakdown in Value, by Type (2023-2029)
Table Global Cannabis Average Selling Price (ASP) by Type (2023-2029)
Table North America Cannabis Sales Breakdown in Volume, by Type
Table Europe Cannabis Sales Breakdown in Volume, by Type
Table Asia-Pacific Cannabis Sales Breakdown in Volume, by Type
Table Latin America Cannabis Sales Breakdown in Volume, by Type
Table Middle East and Africa Cannabis Sales Breakdown in Volume, by Type
Figure Global Cannabis Market Size Overview by Application
Table Global Cannabis Sales Breakdown in Volume, by Application
Table Global Cannabis Sales Breakdown in Value, by Application
Table Global Cannabis Average Selling Price (ASP) by Application
Table Global Cannabis Sales Breakdown in Volume, by Application (2023-2029)
Table Global Cannabis Sales Breakdown in Value, by Application (2023-2029)
Table Global Cannabis Average Selling Price (ASP) by Application (2023-2029)
Table North America Cannabis Sales Breakdown in Volume, by Application
Table Europe Cannabis Sales Breakdown in Volume, by Application
Table Asia-Pacific Cannabis Sales Breakdown in Volume, by Application
Table Latin America Cannabis Sales Breakdown in Volume, by Application
Table Middle East and Africa Cannabis Sales Breakdown in Volume, by Application
Table Global Cannabis Market Size and CAGR by Region: 2018 VS 2023 VS 2029
Table Global Cannabis Sales in Volume by Region
Table Global Cannabis Sales in Value by Region
Table Global Cannabis Sales Price and Gross Margin
Table Global Cannabis Sales in Volume by Region
Table Global Cannabis Sales in Value by Region
Table Global Cannabis Sales Price and Gross Margin
Table Global Top Players by Cannabis Sales
Table Global Top Players by Cannabis Revenue
Table Global Top Players by Cannabis Price
Table Global Top Manufacturers Cannabis Manufacturing Base Distribution, Sales Area, Product Type
Table Cannabis Market Concentration Rate
Figure Global 5 and 10 Largest Manufacturers by Cannabis Sales and Revenue in 2022
Table Date of Key Manufacturers Enter into Cannabis Market
Table Key Manufacturers Cannabis Product Offered
Table Mergers & Acquisitions, Expansion Plans
Table North America Cannabis Sales in Volume by Country
Table North America Cannabis Sales in Value by Country
Table North America Cannabis Sales in Volume by Country
Table North America Cannabis Sales in Value by Country
Table Europe Cannabis Sales in Volume by Country
Table Europe Cannabis Sales in Value by Country
Table Europe Cannabis Sales in Volume by Country
Table Europe Cannabis Sales in Value by Country
Table Asia-Pacific Cannabis Sales in Volume by Country
Table Asia-Pacific Cannabis Sales in Value by Country
Table Asia-Pacific Cannabis Sales in Volume by Country
Table Asia-Pacific Cannabis Sales in Value by Country
Table Latin America Cannabis Sales in Volume by Country
Table Latin America Cannabis Sales in Value by Country
Table Latin America Cannabis Sales in Volume by Country
Table Latin America Cannabis Sales in Value by Country
Table Middle East and Africa Cannabis Sales in Volume by Country
Table Middle East and Africa Cannabis Sales in Value by Country
Table Middle East and Africa Cannabis Sales in Volume by Country
Table Middle East and Africa Cannabis Sales in Value by Country
Table Aurora Cannabis Inc. Basic Information, Manufacturing Base
Table Aurora Cannabis Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Aurora Cannabis Inc. Sales and Growth Rate
Figure Aurora Cannabis Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Aurora Cannabis Inc. Recent Development
Table Tilray, Inc. Basic Information, Manufacturing Base
Table Tilray, Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Tilray, Inc. Sales and Growth Rate
Figure Tilray, Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Tilray, Inc. Recent Development
Table Canopy Growth Corporation Basic Information, Manufacturing Base
Table Canopy Growth Corporation Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Canopy Growth Corporation Sales and Growth Rate
Figure Canopy Growth Corporation Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Canopy Growth Corporation Recent Development
Table Cresco Labs, LLC Basic Information, Manufacturing Base
Table Cresco Labs, LLC Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Cresco Labs, LLC Sales and Growth Rate
Figure Cresco Labs, LLC Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Cresco Labs, LLC Recent Development
Table Curaleaf, Inc. Basic Information, Manufacturing Base
Table Curaleaf, Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Curaleaf, Inc. Sales and Growth Rate
Figure Curaleaf, Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Curaleaf, Inc. Recent Development
Table Ecofibre Ltd. Basic Information, Manufacturing Base
Table Ecofibre Ltd. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Ecofibre Ltd. Sales and Growth Rate
Figure Ecofibre Ltd. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Ecofibre Ltd. Recent Development
Table Green Thumb Industries Inc. Basic Information, Manufacturing Base
Table Green Thumb Industries Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Green Thumb Industries Inc. Sales and Growth Rate
Figure Green Thumb Industries Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Green Thumb Industries Inc. Recent Development
Table HEXO Operations Inc. Basic Information, Manufacturing Base
Table HEXO Operations Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure HEXO Operations Inc. Sales and Growth Rate
Figure HEXO Operations Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table HEXO Operations Inc. Recent Development
Table INDIVA Inc. Basic Information, Manufacturing Base
Table INDIVA Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure INDIVA Inc. Sales and Growth Rate
Figure INDIVA Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table INDIVA Inc. Recent Development
Table Maricann Inc. Basic Information, Manufacturing Base
Table Maricann Inc. Cannabis Sales, Price, Revenue, Gross Margin (2018-2023)
Figure Maricann Inc. Sales and Growth Rate
Figure Maricann Inc. Revenue Market Share 2018-2023
Table Cannabis Products Offered
Table Maricann Inc. Recent Development
Table Key Raw Materials Price
Table Key Suppliers of Raw Materials
Figure Proportion of Manufacturing Cost Structure
Table Cannabis Chain Analysis
Figure Marketing Channel
Table Major Distributors of Cannabis with Contact Information
Table Major Customers of Cannabis with Contact Information
Table Research Process
Figure Bottom-up and Top-down Approaches for This Report
Research Methodology:
Global Cannabis Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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