Market Overview:
The global cannabis indica oil market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the legalization of cannabis for medical and recreational purposes, increasing awareness about the benefits of cannabis oil, and growing demand for CBD products. The global cannabis indica oil market is segmented on the basis of type into organic and non-organic cannabis oil. The organic segment is expected to grow at a higher CAGR than the non-organic segment during the forecast period. This can be attributed to rising consumer preference for organic products due to their perceived health benefits. On the basis of application,the global cannabis indica oil market is divided into recreational and medical applications.
Product Definition:
Cannabis Indica Oil is an oil that is extracted from the Cannabis indica plant. This oil has a variety of uses, including but not limited to: treating pain, reducing inflammation, and helping with sleep disorders.
Organic Cannabis Oil:
Organic cannabis oil is extracted from the marijuana plant through organic processes. The main difference between conventional and organic cannabis oil is that the latter has been tested for safety and efficacy in numerous labs, whereas the former has not. Organic cannabis oils are used to treat diseases such as cancer, arthritis, Alzheimer's disease, etc., by relaxing or inhibiting the body's tightness or inflammation response.
Non-Organic Cannabis Oil:
Non-organic cannabis oil is extracted from the cannabis plant, which has been cultivated with the use of non-organic methods. The term “non-organic” implies that these products were not produced through organic farming techniques. In other words, this type of oil was manufactured without using any pesticides or chemicals derived from natural sources.
The demand for non-organically grown cannabis is increasing rapidly in countries such as Canada.
Application Insights:
Medical application of cannabis oil dominated the overall industry, accounting for over 91.0% share of the total revenue in 2017. Growing awareness regarding medical benefits coupled with growing availability of cannabis products in the form of oils is anticipated to drive growth over the forecast period. recreational use also accounted for a significant share owing to increasing migration from countries where it is illegal such as U.S., Canada and Brazil among others.
Indica strains have higher THC content than their sativa counterparts; this ratio affects their medicinal value and strength. These factors are likely to increase demand for indica-based marijuana oils during medical treatment, which will further propel growth over the forecast period since these products are used recreationally as well as medically across various patients' ailments including chronic pain, anxiety disorders, depression and sleep disorders among others).
Regional Analysis:
North America dominated the global cannabis indica oil market in 2017. Increasing legalization of marijuana and presence of key manufacturers in U.S. is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth owing to increase in number of companies investing more money for R&D activities.
Latin America has a rich cannabis history.
Growth Factors:
- Increasing legalization of cannabis for medical and recreational purposes across the globe is expected to drive the growth of cannabis indica oil market.
- Growing demand for CBD oil as a natural remedy for various health conditions is anticipated to boost the demand for cannabis indica oil in near future.
- Rising awareness about therapeutic benefits of cannabis indica oil is projected to fuel the growth of this market in forthcoming years.
- Increasing number of research studies on therapeutic potentials of cannabinoids is likely to propel the growth of Cannabis Indica Oil market in coming years.
- . Technological advancements in extraction and purification processes are estimated to create new opportunities for players operating in this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Cannabis Indica Oil Market Research Report
By Type
Organic Cannabis Oil, Non-Organic Cannabis Oil
By Application
Recreational, Medical
By Companies
Select Oil, I.N.D. Concentrates, Canopy Growth Corporation, Aphria, Emblem Cannabis Oils, Whistler, Absolute Terps
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Cannabis Indica Oil Market Report Segments:
The global Cannabis Indica Oil market is segmented on the basis of:
Types
Organic Cannabis Oil, Non-Organic Cannabis Oil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Recreational, Medical
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Select Oil
- I.N.D. Concentrates
- Canopy Growth Corporation
- Aphria
- Emblem Cannabis Oils
- Whistler
- Absolute Terps
Highlights of The Cannabis Indica Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic Cannabis Oil
- Non-Organic Cannabis Oil
- By Application:
- Recreational
- Medical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cannabis Indica Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cannabis indica oil is a type of cannabis oil that is derived from the cannabis plant. Cannabis indica oils are typically more psychoactive than other types of cannabis oils, and they are used to produce medical marijuana.
Some of the major companies in the cannabis indica oil market are Select Oil, I.N.D. Concentrates, Canopy Growth Corporation, Aphria, Emblem Cannabis Oils, Whistler, Absolute Terps.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cannabis Indica Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cannabis Indica Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cannabis Indica Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cannabis Indica Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cannabis Indica Oil Market Size & Forecast, 2020-2028
4.5.1 Cannabis Indica Oil Market Size and Y-o-Y Growth
4.5.2 Cannabis Indica Oil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Organic Cannabis Oil
5.2.2 Non-Organic Cannabis Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Recreational
6.2.2 Medical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cannabis Indica Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cannabis Indica Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Organic Cannabis Oil
9.6.2 Non-Organic Cannabis Oil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Recreational
9.10.2 Medical
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Organic Cannabis Oil
10.6.2 Non-Organic Cannabis Oil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Recreational
10.10.2 Medical
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Organic Cannabis Oil
11.6.2 Non-Organic Cannabis Oil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Recreational
11.10.2 Medical
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Organic Cannabis Oil
12.6.2 Non-Organic Cannabis Oil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Recreational
12.10.2 Medical
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Organic Cannabis Oil
13.6.2 Non-Organic Cannabis Oil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Recreational
13.10.2 Medical
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cannabis Indica Oil Market: Competitive Dashboard
14.2 Global Cannabis Indica Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Select Oil
14.3.2 I.N.D. Concentrates
14.3.3 Canopy Growth Corporation
14.3.4 Aphria
14.3.5 Emblem Cannabis Oils
14.3.6 Whistler
14.3.7 Absolute Terps
