The Cannabis Market is expected to register a CAGR of 34.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Cannabis Market report covers analysis By Product Type (Flower, Concentrates, and Others), Application (Medical and Recreational), and Compound [Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant, Balanced THC and CBD]. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the Report
The report Cannabis Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cannabis Market Segmentation
Product Type
- Flower
- Concentrates
Application
- Medical
- Recreational
Compound [Tetrahydrocannabinol-Dominant, Cannabidiol-Dominant, Balanced THC and CBD]
Geography
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Cannabis Market: Strategic Insights

- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Cannabis Market Growth Drivers
- Increasing Legalization Across Global Markets: Market size will grow as legalization for medical as well as recreational cannabis is increasing across the globe.
- Rising Medical Usage Trends: Market trends indicate greater usage of cannabis in chronic pain and neurological disorder treatments, helping the market to grow through the world.
- Product formats innovations: Competitive analysis reveals various new delivery methods such as edibles and topicals, capturing diverse consumer preferences and extending the market.
Cannabis Market Future Trends
- Diverse Product Offerings: The market is shifting towards innovative product formats, including edibles, beverages, oils, and topicals, catering to diverse consumer preferences.
- Focus on CBD: Cannabidiol (CBD), a non-psychoactive compound, is gaining popularity in health and wellness products, attracting health-conscious consumers.
- Sustainability Initiatives: The cannabis industry is adopting eco-friendly cultivation and production practices to reduce its environmental impact.
Cannabis Market Opportunities
- Emerging Markets: Countries in Asia-Pacific, Latin America, and Europe are exploring cannabis legalization, presenting new growth opportunities.
- R&D for Medical Innovations: Investments in research are expanding the understanding of cannabis applications in medicine, opening new avenues for product development.
- Partnerships and Collaborations: Collaborations between cannabis companies and pharmaceutical or consumer goods companies are fostering innovation and market penetration.
Cannabis Market Regional Insights
The regional trends and factors influencing the Cannabis Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Cannabis Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

- Get the Regional Specific Data for Cannabis Market
Cannabis Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ XX million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2025 - 2031) | 34.2% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Cannabis Market Players Density: Understanding Its Impact on Business Dynamics
The Cannabis Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Cannabis Market are:
- Aphria, Inc.
- Aurora Cannabis
- Cannabis Science, INC.
- Canopy Growth Corporation
- Medical Marijuana, Inc.
Disclaimer: The companies listed above are not ranked in any particular order.

- Get the Cannabis Market top key players overview
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cannabis Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cannabis Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
Frequently Asked Questions
What are the options available for the customization of this report?
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
What are the deliverable formats of this report?
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Which are the key players in the Cannabis Market?
Key companies of this market are: Aphria, Inc., Aurora Cannabis, Cannabis Science, INC., Canopy Growth Corporation, Medical Marijuana, Inc., VIVO Cannabis Inc., Tikun Olam, Terra Tech Corp., Tilray
What are the future trends in the Cannabis Market?
Key future trends in this market are - Legalization and Regulatory Changes, Growth in Medicinal Cannabis Applications, Advancements in Extraction Technologies
What is the expected CAGR of the Cannabis Market?
The Cannabis Market is estimated to witness a CAGR of 34.2% from 2023 to 2031.
What are the driving factors impacting the Cannabis Market?
The major factors driving the market are: Increasing legalization worldwide, Rising medical cannabis applications, Innovations in cannabis products.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Testimonials

I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.
DR CHIJIOKE ONYIA, MANAGING DIRECTOR, PineCrest Healthcare Ltd.
The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services
Yukihiko Adachi CEO, Deep Blue, LLC.Reason to Buy
- Informed Decision-Making
- Understanding Market Dynamics
- Competitive Analysis
- Customer Insights
- Market Forecasts
- Risk Mitigation
- Strategic Planning
- Investment Justification
- Identifying Emerging Markets
- Enhancing Marketing Strategies
- Boosting Operational Efficiency
- Tracking Industry Innovations
- Aligning with Regulatory Trends
Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.
Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.
Once your order is successfully placed, you will receive a confirmation email along with your invoice.
• For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
• For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.
We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.
The report is available in either PDF format or as an Excel dataset, depending on the license you choose.
The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.
Our payment process is fully secure and PCI-DSS compliant.
We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.
Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.
Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.
Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.
Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.















The List of Companies - Cannabis Market
- Aphria, Inc.
- Aurora Cannabis
- Cannabis Science, INC.
- Canopy Growth Corporation
- Medical Marijuana, Inc.
- VIVO Cannabis Inc.
- Tikun Olam
- Terra Tech Corp.
- Tilray
- The Cronos Group


