Global Cannabis Oil Market By Product Type (Organic Cannabis Oil and Non-Organic Cannabis Oil), By Application (Recreational and Medical), Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019-2026

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The global cannabis oil market is estimated to reach $XX million in 2018 with a CAGR of XX% from 2019 to 2026.
  • Market Definition

    The global cannabis oil market is estimated to reach $XX million in 2018 with a CAGR of XX% from 2019 to 2026.

    Cannabis oil as a final product is extracted from the plant “Cannabis Sativa”. The plant possesses a range of medicinal characteristics that have been identified since ancient times and still practiced today. Further, the varieties of these plant contain psychoactive substrate known as tetrahydrocannabinol (THC) that acts as a stimulant which is experienced on the consumption of cannabis leaves or resins. In addition, the plant also contains another component with a similar effect namely, “Cannabidiol”. Both these compounds act on the body’s cannabinoid receptors that involve locomotory movements such as epilepsy, apetite, memory, and pain. Moreover, the cannabis plant also contains more than 100+ different cannabinoid compounds present at a lower concentration.

    Alteration in people’s attitude towards cannabis with its high acceptance ratio globally is envisaged to offer lucrative opportunities for the cannabis oil market in the forecast time frame.

    Growth Factors

    Legal acceptance for cannabis and rising acceptance from consumer’s end as an end product worldwide are key driving factors of the market. Additionally, a high acceptance rate with wide applications in medicinal purposes further boosts the market growth of cannabis oil. However, non-effective drug activity in several medical treatment options and less scientific evidence of cannabis available in front of the scientist and clinical researchers hinder the market growth of cannabis oil. Moreover, the paradigm shift of people towards accepting cannabis across geography would provide lucrative opportunities for the market in the coming years.

    Market Segmentation

    The global cannabis oil market is mainly classified based on product type and application. Product type is further classified into organic cannabis oil and non-organic cannabis oil. By application, the market is bifurcated into recreational and medical.

    Based on segments, organic cannabis oil has proved multiple effects as well as therapeutic effects coupled with chemical-free benefits has dominated the product type segment and will continue its dominance over the coming years.

    Regional Analysis

    Based on geography, the global cannabis oil market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

    By geography, Europe had mark significant market growth for the cannabis oil market in the past and will continue its dominance in the forecast period owing to the rising focus on medical events proving cannabis with therapeutic effects. Europe followed by APAC has also marked its resemblance in relation to annual CAGR recently due to the utilization of cannabis involved in treating life-threatening diseases.

    Competitive Players

    Key players operating in the Cannabis Oil industry include Absolute Terps, Aphria, Canopy Growth Corporation, Emblem Cannabis Oils, K.I.N.D. Concentrates, Select Oil, and The Lab, Whistler among others.

    On November 07, 2019-Canopy Growth Corporation and Aubrey Drake Graham (“Drake”) officially announced allied agreement to launch ‘More Life Growth Company’ that is a fully licensed producer of cannabis with set-up in Drake’s hometown of Toronto, Canada. Further, the CEO of the Canopy Growth Corporation expressed his views about the agreement in an interview. He commented “in the initial talks with Drake, it appealed very inspiring and crystal clear about the vision to offer best-in-class infrastructure for cannabis production and introduce a wide range of products to the world.

    Furthermore, Select Oil products company manufacturers a range of cannabis oil such as ‘Select Elite’, ‘Select Weekender’, and ‘Elite Gummies’.

    Cannabis Oil Market Key Segments:

    By Product Type

    • Organic Cannabis Oil
    • Non-Organic Cannabis Oil

    By Application

    • Recreational
    • Medical

    By Geography

    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • U.K
      • Germany
      • France
      • Italy
      • Rest of Europe
    • Asia Pacific
      • India
      • China
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East & Africa
      • GCC Countries
      • Egypt
      • South Africa
      • Rest of Middle East & Africa
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  • Table of Content

    1. Market Introduction
    1.1. Executive Summary
    1.2. Market Definition
    1.3. Market Scope

    2. Research Methodology
    2.1. Primary Research
    2.2. Research Methodology
    2.3. Assumptions & Exclusions
    2.4. Secondary data sources

    3. Cannabis Oil Market Overview
    3.1. Report Segmentation & Scope
    3.2. Key Market Trend
    3.3. Drivers
    3.3.1. Legal acceptance for cannabis
    3.3.2. Rising acceptance from consumer as a end product worldwide
    3.4. Restraints
    3.4.1. Non-effective drug activity in several medical treatment options
    3.4.2. Less scientific evidences of cannabis available in front of the scientist and clinical researchers
    3.5. Opportunities
    3.5.1. Paradigm shift of people towards accepting cannabis across geography
    3.6. Porter’s Five Forces Analysis
    3.6.1. Porter’s Five Forces Analysis
    3.7. Market Share Analysis

    4. Product Type Overview
    4.1. Introduction
    4.1.1. Market Size & Forecast
    4.2. Organic Cannabis Oil
    4.2.1. Market Size & Forecast
    4.3. Non-Organic Cannabis Oil
    4.3.1. Market Size & Forecast

    5. Application Overview
    5.1. Introduction
    5.1.1. Market Size & Forecast
    5.2. Recreational
    5.2.1. Market Size & Forecast
    5.3. Medical
    5.3.1. Market Size & Forecast

    6. Cannabis Oil Market Regional Overview
    6.1. Introduction
    6.1.1. Market Size & Forecast
    6.2. North America Cannabis Oil Market
    6.2.1. North America Market Size & Forecast, By Country
    6.2.2. North America Market Size & Forecast, By Product Type
    6.2.3. North America Market Size & Forecast, By Application
    6.2.4. U.S.
    6.2.4.1. Market Size and Forecast
    6.2.5. Canada
    6.2.5.1. Market Size and Forecast
    6.2.6. Mexico
    6.2.6.1. Market Size and Forecast
    6.3. Europe Cannabis Oil Market
    6.3.1. Europe Market Size & Forecast, By Country
    6.3.2. Europe Market Size & Forecast, By Product Type
    6.3.3. Europe Market Size & Forecast, By Application
    6.3.4. Germany
    6.3.4.1. Market Size and Forecast
    6.3.5. France
    6.3.5.1. Market Size and Forecast
    6.3.6. UK
    6.3.6.1. Market Size and Forecast
    6.3.7. Italy
    6.3.7.1. Market Size and Forecast
    6.3.8. Spain
    6.3.8.1. Market Size and Forecast
    6.3.9. Rest of Europe
    6.3.9.1. Market Size and Forecast
    6.4. Asia-Pacific Cannabis Oil Market
    6.4.1. Asia-Pacific Market Size & Forecast, By Country
    6.4.2. Asia-Pacific Market Size & Forecast, By Product Type
    6.4.3. Asia-Pacific Market Size & Forecast, By Application
    6.4.4. Japan
    6.4.4.1. Market Size and Forecast
    6.4.5. China
    6.4.5.1. Market Size and Forecast
    6.4.6. Australia
    6.4.6.1. Market Size and Forecast
    6.4.7. India
    6.4.7.1. Market Size and Forecast
    6.4.8. South Korea
    6.4.8.1. Market Size and Forecast
    6.4.9. Rest of Asia-Pacific
    6.4.9.1. Market Size and Forecast
    6.5. South America Cannabis Oil Market
    6.5.1. South America Market Size & Forecast, By Country
    6.5.2. South America Market Size & Forecast, By Product Type
    6.5.3. South America Market Size & Forecast, By Application
    6.5.4. Brazil
    6.5.4.1. Market Size and Forecast
    6.5.5. Argentina
    6.5.5.1. Market Size and Forecast
    6.5.6. Rest of South America
    6.5.6.1. Market Size and Forecast
    6.6. Middle East & Africa Cannabis Oil Market
    6.6.1. Middle East & Africa Market Size & Forecast, By Country
    6.6.2. Middle East & Africa Market Size & Forecast, By Product Type
    6.6.3. Middle East & Africa Market Size & Forecast, By Application
    6.6.4. GCC Countries
    6.6.4.1. Market Size and Forecast
    6.6.5. Egypt
    6.6.5.1. Market Size and Forecast
    6.6.6. South Africa
    6.6.6.1. Market Size and Forecast
    6.6.7. Rest of Middle East & Africa
    6.6.7.1. Market Size and Forecast

    7. Company Profile
    7.1. Absolute Terps
    7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
    7.1.2. Absolute Terps Product Category, Application, and Specification
    7.1.3. Absolute Terps Financial Performance (2016-2018)
    7.1.4. Main Business/Business Overview
    7.2. Aphria
    7.3. Canopy Growth Corporation
    7.4. Emblem Cannabis Oils
    7.5. K.I.N.D. Concentrates
    7.6. Select Oil
    7.7. The Lab
    7.8. Whistler

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  • Key Industry Players

    • Absolute Terps
    • Aphria
    • Canopy Growth Corporation
    • Emblem Cannabis Oils
    • I.N.D. Concentrates
    • Select Oil
    • The Lab
    • Whistler
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What Report Provides

  • Full in-depth analysis of the parent Industry
  • Important changes in market and its dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional growth potential

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