Cannabis is derived from Indian hemp plants like Cannabis indica and Cannabis sativa. The main chemical in cannabis is THC (delta-9 tetrahydrocannabinol) which comes in many forms like hash, shatter, oils, wax, phoenix tears and even in vaporizers. This vaporizers contains very high concentration of terpenes and cannabinoids. Cannabis offers various applications in pharmaceutical and healthcare sectors as an antidepressant agent. Cannabis extract is obtained with the help of grain or isopropyl alcohol as a solvent and has more health benefits than cannabis isolates. Cannabis oil and cannabis tinctures are used for the treatment of various diseases and health conditions like cancer, psychological disorders and nausea. In terms of legality for extraction of cannabis is soft because of non-psuchoactive properties of Cannabidiol (CBD) oils.
Cannabis Extract Market: Key Players
The research study includes profiles of leading companies operating in the global cannabis extract market. Key players profiled in the report include: Aphria Inc., Aurora Cannabis, TilrayTikun Olam Ltd., GW Pharmaceuticals Plc, Optimum Extracts, Canopy Growth Corporation, Maricann Inc., The Cronos Group, Kynd Cannabis Company and Colorado Cannabis Company.
Drivers for the Global Cannabis Extract Market:
Increasing adoption of cannabis in medical sector for the treatment of chronic diseases like Alzheimer’s, cancer and arthritis as well as mental disorders is one of the major factor that is driving the growth of global cannabis extract market. Along with this, legalization of cannabis in some of the countries has caused in the rise of product purchase is another factor that is enhancing the growth of the global cannabis extract market.
Opportunities for the Global Cannabis Extract Market:
Increase in the requirement pain management therapies due to rising chronic disease pain is one of the major factor that will drive the global cannabis extract market in the forecast period. Along with this, changing perception of healthcare practitioners for safer injection techniques like consumption in the form of beverages or gummies or oral consumption is another factor that will drive the growth of the global cannabis extract market in the forecast period.
Restrains for the Global Cannabis Extract Market:
Rise in regular consumption of cannabis leads people of all ages to suffer from depression that can lead to disability and suicide, is consider as one of the major factor that hampers the growth of the global cannabis extract market. Along with this, taxes charged by the government is high which also hampers the growth of the global cannabis extract market.
Region Wise, Global Cannabis Extract Market Analysis:
On the basis of region, the AIOps market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. North America held the largest share in the market because of higher utilization due to authorization of marijuana in 30 states of U.S., use of cannabis for medical purposes like the treatment of pain, inflammation, and cancer. European countries is also having maximum share in the global cannabis extract market followed by Asia Pacific.
Global Cannabis Extract Market: Product analysis
Global Cannabis Extract Market: Application analysis
- Cosmetic and Paper
Global Cannabis Extract Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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