Cannabis Marijuana Market by Type (Flowers/Buds, Concentrates), by Application (Medical, Recreational (Edibles, Topicals), by Component (THC-Dominant, Balanced THC & CBD, CBD Dominant), by North America (U.S., Canada, Mexico), by Europe (Germany, France, Italy, Czech Republic, Belgium, Rest of Europe), by Asia Pacific (Australia, Thailand, Rest of Asia Pacific), by Rest of the World (Brazil, Zimbabwe, Others in RoW) Forecast 2024-2032
The Cannabis Marijuana Market size was valued at USD 43.72 USD Billion in 2023 and is projected to reach USD 339.70 USD Billion by 2032, exhibiting a CAGR of 34.03 % during the forecast period. Marijuana is an illegitimate street drug that people use to get high and for health complications. To a great extent, it consists of such substances as cannabinoids, which include, in particular, THC and CBD, which act on the body and the psyche. Cannabis is typically classified into three main types: Cannabis, sativa which has a stimulating influence; cannabis indica which provides calming and sleeping influence; and cannabis ruderalis – used mostly for its versatility with the climate. This plant has utilization in medicine as an analgesic, an appetite stimulant, and as an option for anxiety in some instances and It is also customary in some circles to alter mood. Different strains and preparations may be useful in various ways depending on the levels of cannabinoids and the contents of terpenes included in it.
Cannabis Marijuana Trends
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The comprehensive market report offers valuable insights into the key market dynamics, emerging trends, growth drivers, challenges, restraints, and competitive landscape of the global cannabis marijuana market. It analyzes the leading market players, their product portfolios, and market shares.
The global cannabis marijuana market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominates the market, driven by favorable legalization in various states and nations. Europe is the second-largest market, with growing medical applications and recreational use. Asia Pacific exhibits promising growth potential due to the emergence of untapped markets and regulatory advancements.
The consumer-side analysis provides insights into the consumer behavior, purchase patterns, and preferences of cannabis marijuana consumers. The analysis also identifies the key factors that influence consumer purchasing decisions.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 34.03% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 34.03% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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