Market Overview:
The global craft cannabis 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 recreational and medical use, increasing demand for CBD products, and growing awareness about the benefits of cannabis. The global craft cannabis market is segmented on the basis of type, application, and region. On the basis of type, it is divided into dry cannabis, oil cannabis, and other types. Dry cannabis dominates the market due to its high demand for recreational purposes. However, oil-based products are gaining popularity due to their therapeutic benefits. On the basis of application, it is classified into recreational and medical applications. Recreational use dominates owing to its growing acceptance among consumers across different geographies; however medical applications are expected to witness higher growth duringthe forecast period owingtoits rising adoption by patients suffering from chronic diseases or disorders such as cancer or epilepsy .
Product Definition:
Craft cannabis is a term used to describe high-quality, small-batch cannabis products. The importance of craft cannabis is that it allows for more control over the quality and potency of the product.
Dry Cannabis:
Dry cannabis is a form of marijuana that has had most of the moisture removed through various processes such as vacuum evaporation or microwave drying. The end product has little to no THC content and is considered to have high therapeutic value on account of its CBD content.
Oil Cannabis:
Oil cannabis is a part of the plant matter which has been extracted through mechanical or chemical means to produce an oil-based product. The resin, tincture, and isolate are all types of oil cannabis. This makes them more effective in relieving pain, reducing stress and anxiety along with other benefits such as appetite enhancement and relaxation.
Application Insights:
The recreational segment dominated the global industry, accounting for more than 70.0% share of the total revenue in 2017. The growth of this application can be attributed to increasing awareness about cannabis and its various health benefits among a large population that has yet to try it as medicine. Recreational use of cannabis is permitted in most countries, while medical use is allowed only under specific conditions prescribed by law.
Medical applications are expected to witness significant growth over the forecast period owing to increasing usage of marijuana for treatment purposes despite its illegal status under international conventions such as Single Convention on Narcotic Drugs and Psychotropic Substances 1961 and 1972 respectively signed by member states parties thereto. These conventions bind signatories not to allow cultivation of Cannabis plants intended for drug consumption or otherwise contrary to law or morality, without exception provided such activity does not violate any other binding international convention entered into by a party state pertaining towards drugs or other substances harmful towards human health (such as chemical weapons).
Regional Analysis:
Europe dominated the global industry in 2017, with a revenue share of 57.0%. The legalization of cannabis for medical and recreational purposes is on the rise in several European countries. Moreover, major companies are investing heavily to gain a competitive edge in this highly saturated market. For instance, GW Pharmaceuticals invested USDtens of millionsof dollarsin R&Dfor developing its productSativex (cannabis extract) that is used for treating pain associated with multiple sclerosis spasticity symptoms.
The Asia Pacific region accounted for 23% share owing to increasing awareness about cannabis among consumers and growing demand from countries such as Australia and China which are amongst the largest markets globally due to their large population base coupled with high unmet needs especially regarding health issues caused by conventional medication use; hence driving growth across this region will depend upon how fast governments approve marijuana cultivation & distribution policies as well as change existing regulations pertaining to cannabis consumption methods etc.
Growth Factors:
- Increasing legalization of cannabis for both recreational and medicinal use
- Growing public acceptance of cannabis and its benefits
- The development of new, innovative products that appeal to different consumer segments
- The emergence of a robust and well-developed Craft Cannabis industry with strong brands and quality products
- Continued growth in the number of states that legalize cannabis for either recreational or medicinal use
Scope Of The Report
Report Attributes
Report Details
Report Title
Craft Cannabis Market Research Report
By Type
Dry Cannabis, Oil Cannabis, Other
By Application
Recreational, Medical
By Companies
Dreamland Organics, Pasha Brands Ltd, Canopy Growth Corporation, Cronos Group Inc., Tilray，Inc., Aurora Cannabis Inc., Dreamland Organics
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Craft Cannabis Market Report Segments:
The global Craft Cannabis market is segmented on the basis of:
Types
Dry Cannabis, Oil Cannabis, Other
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:
- Dreamland Organics
- Pasha Brands Ltd
- Canopy Growth Corporation
- Cronos Group Inc.
- Tilray，Inc.
- Aurora Cannabis Inc.
- Dreamland Organics
Highlights of The Craft Cannabis 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:
- Dry Cannabis
- Oil Cannabis
- Other
- 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 Craft Cannabis 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?
Craft Cannabis is a cannabis company that produces high-quality products.
Some of the major companies in the craft cannabis market are Dreamland Organics, Pasha Brands Ltd, Canopy Growth Corporation, Cronos Group Inc., Tilray，Inc., Aurora Cannabis Inc., Dreamland Organics.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Craft Cannabis 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 Craft Cannabis Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Craft Cannabis 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 Craft Cannabis 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 Craft Cannabis Market Size & Forecast, 2018-2028
4.5.1 Craft Cannabis Market Size and Y-o-Y Growth
4.5.2 Craft Cannabis Market Absolute $ Opportunity
Chapter 5 Global Craft Cannabis 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 Craft Cannabis Market Size Forecast by Type
5.2.1 Dry Cannabis
5.2.2 Oil Cannabis
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Craft Cannabis 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 Craft Cannabis Market Size Forecast by Applications
6.2.1 Recreational
6.2.2 Medical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Craft Cannabis 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 Craft Cannabis 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 Craft Cannabis Analysis and Forecast
9.1 Introduction
9.2 North America Craft Cannabis 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 Craft Cannabis Market Size Forecast by Type
9.6.1 Dry Cannabis
9.6.2 Oil Cannabis
9.6.3 Other
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 Craft Cannabis 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 Craft Cannabis Analysis and Forecast
10.1 Introduction
10.2 Europe Craft Cannabis 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 Craft Cannabis Market Size Forecast by Type
10.6.1 Dry Cannabis
10.6.2 Oil Cannabis
10.6.3 Other
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 Craft Cannabis 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 Craft Cannabis Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Craft Cannabis 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 Craft Cannabis Market Size Forecast by Type
11.6.1 Dry Cannabis
11.6.2 Oil Cannabis
11.6.3 Other
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 Craft Cannabis 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 Craft Cannabis Analysis and Forecast
12.1 Introduction
12.2 Latin America Craft Cannabis 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 Craft Cannabis Market Size Forecast by Type
12.6.1 Dry Cannabis
12.6.2 Oil Cannabis
12.6.3 Other
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 Craft Cannabis 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) Craft Cannabis Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Craft Cannabis 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) Craft Cannabis Market Size Forecast by Type
13.6.1 Dry Cannabis
13.6.2 Oil Cannabis
13.6.3 Other
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) Craft Cannabis 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 Craft Cannabis Market: Competitive Dashboard
14.2 Global Craft Cannabis Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dreamland Organics
14.3.2 Pasha Brands Ltd
14.3.3 Canopy Growth Corporation
14.3.4 Cronos Group Inc.
14.3.5 Tilray，Inc.
14.3.6 Aurora Cannabis Inc.
14.3.7 Dreamland Organics
