Cannabis Extract Market Revenue 2024 to 2034
Cannabis Extract Market Revenue 2024 to 2034
The cannabis extract market will surge from USD 13.94 Bn in 2024 to USD 73.27 Bn by 2034, at an 18.05% CAGR, driven by legalization trends, rising medical applications, and growing consumer adoption of CBD-based products.
Report ID: 10572
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Format: Databook
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Published: August 2025
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Delivery: Immediate
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Revenue,
USD 13.94 Bn
Forecast Year,
USD 73.27 Bn
CAGR, 2025 -
18.05%
Report Coverage
Worldwide
Reviewed By
Aditi Shivarkar
Reviewed By
Aman Singh
Cannabis Extract Market Size Analysis
Cannabis Extract Market Size By Product 2024 to 2034 (USD )
| Product | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CBD Oil | 6.13 | 7.24 | 8.54 | 10.07 | 11.88 | 14.01 | 16.53 | 19.50 | 23.01 | 27.14 | 32.02 |
| THC Oil | 4.46 | 5.24 | 6.16 | 7.24 | 8.51 | 10.00 | 11.76 | 13.82 | 16.23 | 19.08 | 22.42 |
| Others | 3.35 | 3.98 | 4.73 | 5.62 | 6.68 | 7.94 | 9.44 | 11.22 | 13.33 | 15.85 | 18.83 |
Cannabis Extract Market Size By Source 2024 to 2034 (USD )
| Source | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Hemp | 8.64 | 10.22 | 12.08 | 14.27 | 16.87 | 19.94 | 23.57 | 27.86 | 32.94 | 38.93 | 46.02 |
| Marijuana | 5.30 | 6.24 | 7.35 | 8.66 | 10.20 | 12.02 | 14.15 | 16.67 | 19.64 | 23.13 | 27.25 |
Cannabis Extract Market Size By Application 2024 to 2034 (USD )
| Application | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pharmaceutical | 4.46 | 5.30 | 6.29 | 7.47 | 8.87 | 10.53 | 12.50 | 14.84 | 17.62 | 20.91 | 24.83 |
| Food & Beverage | 3.90 | 4.64 | 5.52 | 6.57 | 7.82 | 9.30 | 11.06 | 13.16 | 15.65 | 18.61 | 22.13 |
| Cosmetics | 2.23 | 2.60 | 3.03 | 3.54 | 4.12 | 4.80 | 5.60 | 6.52 | 7.60 | 8.85 | 10.30 |
| Nutraceutical/Other | 3.35 | 3.91 | 4.58 | 5.36 | 6.27 | 7.33 | 8.57 | 10.02 | 11.72 | 13.70 | 16.02 |
Cannabis Extract Market Size By Distribution Channel 2024 to 2034 (USD )
| Distribution Channel | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| B2B | 8.64 | 10.18 | 11.99 | 14.13 | 16.64 | 19.61 | 23.09 | 27.21 | 32.05 | 37.75 | 44.47 |
| B2C | 5.30 | 6.28 | 7.43 | 8.81 | 10.43 | 12.35 | 14.63 | 17.33 | 20.53 | 24.31 | 28.79 |
Cannabis Extract Market Size By Region 2024 to 2034 (USD )
| Region | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 5.02 | 5.89 | 6.91 | 8.11 | 9.52 | 11.17 | 13.10 | 15.38 | 18.05 | 21.18 | 24.86 |
| Europe | 3.90 | 4.62 | 5.47 | 6.48 | 7.68 | 9.09 | 10.76 | 12.74 | 15.09 | 17.86 | 21.15 |
| Asia Pacific | 4.04 | 4.79 | 5.66 | 6.70 | 7.93 | 9.39 | 11.11 | 13.15 | 15.56 | 18.42 | 21.79 |
| Latin America | 0.56 | 0.66 | 0.77 | 0.91 | 1.07 | 1.26 | 1.49 | 1.75 | 2.07 | 2.43 | 2.87 |
| Middle East & Africa | 0.42 | 0.50 | 0.61 | 0.73 | 0.87 | 1.05 | 1.26 | 1.51 | 1.81 | 2.17 | 2.60 |
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