Global Cannabis Oil Market Size By Type (Organic Type, Non-organic Type), By Application (Recreational, Medical), By Distribution Channel (Indirect, Direct), By Geographic Scope And Forecast

Cannabis Oil Market Size And Forecast

Cannabis Oil Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2030.

So, what's making the Cannabis Oil market grow worldwide? Well, it's mainly because more and more countries are saying "yes" to marijuana, whether it's for a bit of fun or to help people feel better. We're talking about using it to ease chronic pain, calm anxiety, lift depression, and tackle other tough conditions. Plus, legalizing it in some places is actually hitting the black market where it hurts and bringing in some sweet tax money for the government. Want the lowdown? The GCOM report dives deep, giving you the full picture, from the important stuff driving the market to what's holding it back, who the big players are, and everything in between.

Global Cannabis Oil Market Definition

Cannabis Oil, or hash oil as some call it, is basically a super-concentrated extract from cannabis buds or leaves. You get it by using solvents to pull out all the good stuff. Making it isn't exactly a walk in the park – it takes some skill and decent equipment. But, it's becoming a big deal, especially in healthcare, where it's being used for all sorts of things like dealing with cancer symptoms, nausea, and even psychological issues. It's a pretty popular choice. In fact, the oil segment grabs a big slice of the cannabis market, around 64%. These days, Cannabis Oil seems to be more of a go-to than cannabis tinctures. Why? Well, it's easier to keep tabs on exactly how much you're using to get the right dose, which can be tricky with smoked cannabis but is simpler with Cannabis Oil and extracts.

Okay, so when it comes to extracting the good stuff from cannabis, you've basically got two main optionsCO2 extraction and Solvent extraction. Now, CO2 extraction tends to be the pricier choice. But don't worry, there are plenty of other solvents you can use, like olive oil, petroleum ether, alcohol, and even naphtha! The whole point of this extraction process, usually followed by evaporating the solvent, is to get cannabinoids and other beneficial compounds super concentrated. That's why folks who can get their hands on cannabis – whether it's homegrown, from a licensed pharmacy, a dispensary, maybe even a coffee shop or the black market – might decide to try it out themselves at home.

Global Cannabis Oil Market Overview

Turns out, more and more people are catching on to the health benefits of Cannabis Oil, and that's really fueling the global market's growth. Honestly, the increasing acceptance of cannabis itself is a big reason why the Cannabis Oil market is booming. That's why legalization of cannabis-based goodies is such a hot topic worldwide, pushing many countries to say "yes" to cannabis for cooking and medicine, even though it's still a no-go zone in other places. And hey, even though the cannabis industry isn’t exactly brand new, there are still opportunities out there! Cannabis oil? Definitely a sweet spot for both entrepreneurs and investors looking to get in on the action.

Global Cannabis Oil Market Segmentation Analysis

The Global Cannabis Oil Market is segmented on the basis of Type, Application, Distribution Channel, And Geography.

Cannabis Oil Market, By Type

• Organic Type
• Non-organic Type

Based on Type, the market is segmented into Organic Type And Non-organic Type.

Cannabis Oil Market, By Application

• Recreational
• Medical

Based on Application, the market is segmented into Recreational And Medical.

Cannabis Oil Market, By Distribution Channel

• Indirect
  1. convenience stores
  2. supermarkets/hypermarkets
  3. E-retailers and specialty stores
• Direct
  1. Pharmacies

Based on Distribution Channel, the market is segmented into Indirect, And Direct.

Cannabis Oil Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global Cannabis Oil Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

Key Players

The “Global Cannabis Oil Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Green Dot Labs, Absolute Terps, The Lab, Whistler, Canopy Growth Corporation, Dirty Arm Farm, Emblem Cannabis Oils, Viola Extracts, Aphria, and CaliExtractions, among others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

We dig deep into the market using both numbers and more nuanced observations, breaking it down into understandable segments based on economic and non-economic stuff. We'll give you the market size (in USD Billion) for each of those segments and sub-segments. Plus, we'll point out the region and segment we think will grow the fastest and be the biggest. Expect a breakdown by region, showing where the product/service is used most, and what's influencing the market there. We also cover the competition, ranking the big players and highlighting new product launches, partnerships, expansions, and acquisitions from the last five years. You'll get detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses for the major players. We'll give you a picture of the market now and in the future, focusing on growth opportunities and what's holding things back in both new and established regions. We'll even analyze the market from different angles using Porter's five forces analysis and give you a view of the market through the Value Chain. Finally, we’ll share our take on market dynamics and where the growth opportunities lie in the future. Oh, and we include 6 months of support from our analysts after you buy the report!

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