Cannabis Indica Oil by Type (Overview: Global Cannabis Indica Oil Consumption Value, Organic Cannabis Oil, Non-Organic Cannabis Oil), by Application (Overview: Global Cannabis Indica Oil Consumption Value, Recreational, Medical), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global cannabis indica oil market is projected to reach a value of XXXX million by 2033, exhibiting a CAGR of XX% during the forecast period (2025-2033). The market growth is attributed to the increasing legalization of cannabis in various countries, growing awareness of the medicinal benefits of cannabis, and rising demand for cannabis-based products for recreational purposes. Key drivers driving the market include the growing number of medical applications for cannabis indica, such as pain management, nausea reduction, and appetite stimulation.
In terms of product segmentation, the non-organic cannabis oil segment is expected to hold a larger market share during the forecast period. The recreational application segment is anticipated to witness significant growth, driven by the increasing popularity of cannabis use for recreational purposes in legalized regions. Major companies operating in the market include Select Oil, I.N.D. Concentrates, Canopy Growth Corporation, Aphria, Emblem Cannabis Oils, Whistler, Absolute Terps, among others. The market is concentrated in North America and Europe; however, the Asia Pacific region is expected to offer lucrative growth opportunities due to the increasing legalization of cannabis in countries like Canada and Thailand.
The global cannabis indica oil market is experiencing significant growth, driven by increasing legalization and acceptance of cannabis for both recreational and medicinal purposes. The market is expected to reach a value of USD 29.2 billion by 2027, growing at a CAGR of 11.8% over the forecast period. Key market insights include:
Several key factors are driving the growth of the cannabis indica oil market:
Despite its growth potential, the cannabis indica oil market faces several challenges and restraints:
The North American region is expected to dominate the global cannabis indica oil market throughout the forecast period. The United States, in particular, is a major driver of market growth due to the legalization of recreational and medical cannabis in several states. Other key regions include Europe, where Germany and the United Kingdom are legalizing cannabis for medical use, and the Asia-Pacific region, where recreational cannabis is becoming more widely accepted in countries like Canada.
In terms of segments, the medical application segment is expected to hold a larger share of the market compared to the recreational segment, driven by the growing demand for cannabis-based therapies for various health conditions.
Several factors are expected to act as growth catalysts in the cannabis indica oil industry:
Select Oil I.N.D. Concentrates Canopy Growth Corporation Aphria Emblem Cannabis Oils Whistler Absolute Terps
-Strategic Partnerships: Companies are forming strategic partnerships to expand their market reach, develop new products, and enhance their supply chains.
This comprehensive report provides an in-depth analysis of the global cannabis indica oil market, covering various aspects such as market size, trends, drivers, challenges, key players, and future prospects. The report includes detailed insights into the different segments and regions of the market, providing valuable information for industry stakeholders, investors, and researchers.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
|
Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.