Global Cannabis Market

Global Cannabis Market Key Players Competitive Survey Report 2024

Global Cannabis Market

Global Cannabis Market Key Players Competitive Survey Report 2024


Discover the latest insights into the booming Cannabis Market. This report analyzes market size, growth trends (CAGR 15.2), key players, and regional performance, offering valuable data for investors and industry professionals. Explore market drivers, restraints, and future projections for 2024-.

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The global Cannabis market size in 2023 is 26100.0 million US dollars, and it is expected to be 114369.2 million US dollars by 2030, with a compound annual growth rate of 23.50% expected in 2024-2030.

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 2023. Cannabis Extracts share of XX%.

Medical accounted for XX% of the Cannabis market in 2023. Recreational accounts for XX%.

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

COVID-19 Impact:

Outbreak of COVID-19 pandemic due to lockdown restrictions imposed by governments around the world has affected the growth of the global Cannabis market in 2020. The containment measures taken by the governments of various countries in response to control the outbreak of COVID-19 disrupted the entire supply chain by creating logistical interruptions, transportation restrictions, and product supply across borders.

The report analyzes the key trends in each segment of the global Cannabis market along with global and country-level forecasts from 2024 to 2028. Our report segments the market based on types and applications, thereby providing a detailed analysis of the market to help gain an in-depth understanding of the market and enable market participants, stakeholders, investors, etc. to have a clearer understanding of the market and judgment.

Key benefits to stakeholders:

The report provides a comprehensive quantitative analysis of various segments, historical and current market trends, market forecasts, and dynamics of the Cannabis market for 2019-2030.

The research report provides the latest information on the market drivers, challenges and opportunities of the global Cannabis market.

The study profiles the leading as well as the fastest growing regional markets. It further enables stakeholders to identify key country-level markets within each region.

Porter's Five Forces Analysis helps stakeholders assess the impact of new entrants, competitors, supplier strength, buyer strength, and threat of substitution. It helps stakeholders analyze the level of competition in the Cannabis industry and its attractiveness.

The competitive landscape enables stakeholders to understand their competitive environment and gain insight into the current position of the key players in the market.

Highlights-Regions

North America

United States

Canada

Europe

Germany

France

UK

Italy

Russia

Spain

Nordic

Asia Pacific

China

Japan

South Korea

India

Southeast Asia

Australia

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Egypt

South Africa

UAE

Turkey

Saudi Arabia

Player list

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.

Types list

Buds or Marijuana Flower

Cannabis Extracts

Application list

Medical

Recreational

Others

Table of Content

1 Cannabis Market Introduction and Overview

1.1 Cannabis Definition

1.2 Research Purposes

1.3 Report Timeline

1.4 Economic Analysis of Global Regions

1.5 Inflation Analysis

1.6 The Impact of the Russian-Ukrainian War on the Market

1.7 Coronavirus Disease 2020 (COVID-19) Impact on Global

2 Global Cannabis Historical Market Analysis by Type

2.1 Market Size Analysis by Types

2.2 Global Cannabis Revenue and Market Share by Type

2.3 Global Cannabis Sales and Market Share by Type

3 Global Cannabis Historical Market Analysis by Application

3.1 Market Size Analysis by Application

3.2 Global Cannabis Revenue Market Share by Application (2019-2024)

3.3 Global Cannabis Sales Market Share by Application (2019-2024)

4 Global Market Growth Trends Analysis

4.1 Global Cannabis Market Size (2019-2024)

4.2 Cannabis Growth Trends Analysis by Regions

4.2.1 Cannabis Market Size by Regions: 2019 VS 2024 VS 2030

4.2.2 Cannabis Historic Revenue Market Size by Regions (2019-2024)

4.2.3 Cannabis Historic Sales Market Size by Regions (2019-2024)

4.2.4 North America Cannabis Market Size (2019-2024)

4.2.5 Europe Cannabis Market Size (2019-2024)

4.2.6 Asia-Pacific Cannabis Market Size (2019-2024)

4.2.7 Latin America Cannabis Market Size (2019-2024)

4.2.8 Middle East & Africa Cannabis Market Size (2019-2024)

5 North America

5.1 North America Cannabis Revenue by Countries

5.1.1 North America Cannabis Revenue by Countries (2019-2024)

5.1.2 North America Cannabis Sales by Countries (2019-2024)

5.2 North America Cannabis Sales by Types

5.3 North America Cannabis Sales by Applications

5.4 United States

5.5 Canada

6 Asia Pacific

6.1 Asia Pacific Cannabis Revenue by Countries

6.1.1 Asia Pacific Cannabis Revenue by Countries (2019-2024)

6.1.2 Asia Pacific Cannabis Sales by Countries (2019-2024)

6.2 Asia Pacific Cannabis Sales by Types

6.3 Asia Pacific Cannabis Sales by Applications

6.4 China

6.5 Japan

6.6 Korea

6.7 Southeast Asia

6.8 India

6.9 Australia

7 Europe

7.1 Europe Cannabis Revenue by Countries

7.1.1 Europe Cannabis Revenue by Countries (2019-2024)

7.1.2 Europe Cannabis Sales by Countries (2019-2024)

7.2 Europe Cannabis Sales by Types

7.3 Europe Cannabis Sales by Applications

7.4 Germany

7.5 France

7.6 UK

7.7 Italy

7.8 Russia

7.9 Spain

7.10 Nordic

8 Latin America

8.1 Latin America Cannabis Revenue by Countries

8.1.1 Latin America Cannabis Revenue by Countries (2019-2024)

8.1.2 Latin America Cannabis Sales by Countries (2019-2024)

8.2 Latin America Cannabis Sales by Types

8.3 Latin America Cannabis Sales by Applications

8.4 Brazil

8.5 Argentina

8.6 Mexico

9 Middle East & Africa

9.1 Middle East & Africa Cannabis Revenue by Countries

9.1.1 Middle East & Africa Cannabis Revenue by Countries (2019-2024)

9.1.2 Middle East & Africa Cannabis Sales by Countries (2019-2024)

9.2 Middle East & Africa Cannabis Sales by Types

9.3 Middle East & Africa Cannabis Sales by Applications

9.4 Egypt

9.5 South Africa

9.6 UAE

9.7 Turkey

9.8 Saudi Arabia

10 Global Cannabis Market Competition, by Players

10.1 Global Cannabis Revenue and Market Share by Players

10.2 Market Concentration Rate

10.2.1 Top 3 Cannabis Players Market Share in 2023

10.2.2 Top 6 Cannabis Players Market Share in 2023

10.2.3 Market Competition Trend

10.3 Cannabis Players Head Office, Business Provided

10.4 Cannabis Mergers & Acquisitions

10.5 Cannabis New Entrants and Expansion Plans

11 Players Profiles

11.1 Aurora Cannabis Inc.

11.1.1 Aurora Cannabis Inc. Company Profile

11.1.2 Cannabis Product Overview

11.1.3 Aurora Cannabis Inc. Cannabis Market Performance (2019-2024)

11.1.4 Aurora Cannabis Inc. Business Overview

11.1.5 Recent Developments and Plans

11.2 Tilray, Inc.

11.2.1 Tilray, Inc. Company Profile

11.2.2 Cannabis Product Overview

11.2.3 Tilray, Inc. Cannabis Market Performance (2019-2024)

11.2.4 Tilray, Inc. Business Overview

11.2.5 Recent Developments and Plans

11.3 Canopy Growth Corporation

11.3.1 Canopy Growth Corporation Company Profile

11.3.2 Cannabis Product Overview

11.3.3 Canopy Growth Corporation Cannabis Market Performance (2019-2024)

11.3.4 Canopy Growth Corporation Business Overview

11.3.5 Recent Developments and Plans

11.4 Cresco Labs, LLC

11.4.1 Cresco Labs, LLC Company Profile

11.4.2 Cannabis Product Overview

11.4.3 Cresco Labs, LLC Cannabis Market Performance (2019-2024)

11.4.4 Cresco Labs, LLC Business Overview

11.4.5 Recent Developments and Plans

11.5 Curaleaf, Inc.

11.5.1 Curaleaf, Inc. Company Profile

11.5.2 Cannabis Product Overview

11.5.3 Curaleaf, Inc. Cannabis Market Performance (2019-2024)

11.5.4 Curaleaf, Inc. Business Overview

11.5.5 Recent Developments and Plans

11.6 Ecofibre Ltd.

11.6.1 Ecofibre Ltd. Company Profile

11.6.2 Cannabis Product Overview

11.6.3 Ecofibre Ltd. Cannabis Market Performance (2019-2024)

11.6.4 Ecofibre Ltd. Business Overview

11.6.5 Recent Developments and Plans

11.7 Green Thumb Industries Inc.

11.7.1 Green Thumb Industries Inc. Company Profile

11.7.2 Cannabis Product Overview

11.7.3 Green Thumb Industries Inc. Cannabis Market Performance (2019-2024)

11.7.4 Green Thumb Industries Inc. Business Overview

11.7.5 Recent Developments and Plans

11.8 HEXO Operations Inc.

11.8.1 HEXO Operations Inc. Company Profile

11.8.2 Cannabis Product Overview

11.8.3 HEXO Operations Inc. Cannabis Market Performance (2019-2024)

11.8.4 HEXO Operations Inc. Business Overview

11.8.5 Recent Developments and Plans

11.9 INDIVA Inc.

11.9.1 INDIVA Inc. Company Profile

11.9.2 Cannabis Product Overview

11.9.3 INDIVA Inc. Cannabis Market Performance (2019-2024)

11.9.4 INDIVA Inc. Business Overview

11.9.5 Recent Developments and Plans

11.10 Maricann Inc.

11.10.1 Maricann Inc. Company Profile

11.10.2 Cannabis Product Overview

11.10.3 Maricann Inc. Cannabis Market Performance (2019-2024)

11.10.4 Maricann Inc. Business Overview

11.10.5 Recent Developments and Plans

12 Global Cannabis Forecast Market Analysis by Type

12.1 Global Cannabis Revenue Market Forecast by Type (2024-2030)

12.2 Global Cannabis Sales Market Forecast by Type (2024-2030)

13 Global Cannabis Forecast Market Analysis by Application

13.1 Cannabis Revenue Market Forecast by Application (2024-2030)

13.2 Cannabis Sales Market Forecast by Application (2024-2030)

14 Global Market Growth Forecast Analysis

14.1 Global Cannabis Forecast Market Size (2024-2030)

14.2 Cannabis Growth Trends Forecast Analysis by Regions

14.2.1 Cannabis Revenue Forecast Market Size by Regions (2024-2030)

14.2.2 Cannabis Sales Forecast Market Size by Regions (2024-2030)

14.2.3 North America Cannabis Forecast Market Size (2024-2030)

14.2.4 Europe Cannabis Forecast Market Size (2024-2030)

14.2.5 Asia-Pacific Cannabis Forecast Market Size (2024-2030)

14.2.6 Latin America Cannabis Forecast Market Size (2024-2030)

14.2.7 Middle East & Africa Cannabis Forecast Market Size (2024-2030)

15 Cannabis Manufacturing Cost Analysis

15.1 Cannabis Key Raw Materials Analysis

15.1.1 Key Raw Materials

15.1.2 Price Trend of Key Raw Materials

15.1.3 Key Suppliers of Raw Materials

15.2 Proportion of Manufacturing Cost Structure

15.2.1 Raw Materials

15.2.2 Labor Cost

15.2.3 Manufacturing Expenses

15.3 Manufacturing Process Analysis of Cannabis

15.4 Cannabis Industrial Chain Analysis

16 Market Channel, Distributors, Traders and Dealers

16.1 Market Channel Status

16.1.1 Direct Marketing

16.1.2 Indirect Marketing

16.2 Cannabis Typical Distributors

16.3 Cannabis Typical Customers

17 Cannabis Industry Dynamic Analysis

17.1 Cannabis Market Trends Analysis

17.2 Cannabis Market Drivers Analysis

17.3 Cannabis Market Challenges Analysis

17.4 Cannabis Market Restraints Analysis

18 Research Findings and Conclusion

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

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

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why is the Cannabis Market trending toward high growth trajectories?
A dynamic process in the Cannabis Market is initiated by new entrants, including competitors from unrelated industries, in addition to the established players like Canopy Growth, Tilray, Aurora Cannabis, Curaleaf, Green Thumb Industries.
What is the Cannabis Market really preparing for?
Companies in the Cannabis Industry will need to adapt swiftly to the behavioral changes that are reshaping consumer decision journeys.
Who are the significant end-users in the Cannabis Market?
The key end-users in the Cannabis Market are Pharmaceuticals, Wellness, Cosmetics, Beverages
What is the anticipated growth rate for the Cannabis Market?
During the projected year from 2025 to 2030, the Cannabis Market is expected to grow at a CAGR of xx%.
What are the advantages of the Cannabis Market research study?
The Cannabis Market research study aids businesses in strategic planning so that they may realize and gain business value from their growth strategies.
What are the primary data sources used to evaluate the Cannabis Market sizing?
The majority of data for the Cannabis Industry is gathered through primary sources, which include interviews and surveys with industry experts from the core and related industries involved in the supply chain. Secondary sources, such as SEC filings, annual reports, whitepapers, and press releases, are also used.