Market Overview:
Purity 99% is expected to account for a larger share of the market during the forecast period. Pharmaceutical industry is expected to account for a larger share of the market duringthe forecast period.
Product Definition:
It is responsible for the euphoric and mind-altering effects of marijuana. THC is believed to play a role in pain relief, appetite stimulation, and other medicinal effects of cannabis.
Purity 98%:
The product is considered to be the most potent form of THC. It also has higher binding affinity to cannabinoid receptors compared to other forms of the drug.
Purity 99%:
Purity 99% is a type of Pharmaceutical-grade Cannabidiol (CBD) oil that contains less than 0.1% THC, making it extremely pure and effective for specific medical applications. It has been used to treat pain, anxiety, stress and sleep disorders among other health conditions.
Application Insights:
Based on application, the global market is segmented into pharmaceutical industry, research organization and others. The pharmaceutical industry dominated the market in 2017 owing to increasing usage of dronabinol and other synthetic cannabinoids for treating chronic pain. Moreover, rising awareness about treatment options such as opiates that are less addictive compared to heroin is expected to boost demand over the forecast period.
Furthermore, increasing R&D investments by various organizations are expected to propel growth over the coming years. For instance, GW Pharmaceuticals has invested around USD 120 million from 2014 - 2016 on Sativex clinical trials program for treating cancer pain unresponsiveto opioid therapy with minimal side effects.
Regional Analysis:
North America dominated the market in terms of demand with a revenue share of around 60% in 2017. This can be attributed to presence of large number of cannabis users, coupled with higher per capita income and availability of advanced healthcare facilities. Moreover, legalization and implementation of comprehensive regulatory framework pertaining to cannabis cultivation and usage are further expected to drive the market over the forecast period.
Asia Pacific is anticipated to witness fastest growth during the forecast period owing to factors such as increasing use by medical practitioners for treating pain, inflammation & arthritis; mental health issues; sleep disorders; and other conditions associated with anxiety or stress that result in insomnia or wakefulness respectively (known as REM behavior disorder).
Growth Factors:
- Increasing legalization of medical marijuana: The global market for medical marijuana is expected to grow at a CAGR of 34.8% from 2016 to 2021. This is largely due to the increasing legalization of medical marijuana across the globe. As more and more countries legalize the use of medical marijuana, the market for Delta-9-Tetrahydrocannabinol is expected to grow significantly.
- Growing awareness about the benefits of cannabis: There is growing awareness about the benefits of cannabis, especially its medicinal properties. This has led to an increase in demand for products that contain Delta-9-Tetrahydrocannabinol, such as CBD oil and edibles.
- Rising popularity of cannabis among millennials: A study by Yahoo! Finance revealed that millennials are increasingly turning towards cannabis as an alternative investment option . This rising popularity is likely to drive growth in the Delta-9-Tetrahydrocannabinol market in years to come.
Scope Of The Report
Report Attributes
Report Details
Report Title
Delta-9-Tetrahydrocannabinol Market Research Report
By Type
Purity 98%, Purity 99%
By Application
Pharmaceutical Industry, Research Organization, Others
By Companies
Cayman Chemical, Bio-Techne, Canopy Growth, Noramco, KinetoChem, Aphios, Benuvia
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Delta-9-Tetrahydrocannabinol Market Report Segments:
The global Delta-9-Tetrahydrocannabinol market is segmented on the basis of:
Types
Purity 98%, Purity 99%
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
Pharmaceutical Industry, Research Organization, Others
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:
- Cayman Chemical
- Bio-Techne
- Canopy Growth
- Noramco
- KinetoChem
- Aphios
- Benuvia
Highlights of The Delta-9-Tetrahydrocannabinol 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:
- Purity 98%
- Purity 99%
- By Application:
- Pharmaceutical Industry
- Research Organization
- Others
- 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 Delta-9-Tetrahydrocannabinol 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?
Delta-9-tetrahydrocannabinol, or THC, is the primary psychoactive compound in cannabis. It is responsible for causing marijuana's "high."
Some of the key players operating in the delta-9-tetrahydrocannabinol market are Cayman Chemical, Bio-Techne, Canopy Growth, Noramco, KinetoChem, Aphios, Benuvia.
The delta-9-tetrahydrocannabinol market is expected to register a CAGR of 34.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Delta-9-Tetrahydrocannabinol 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 Delta-9-Tetrahydrocannabinol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Delta-9-Tetrahydrocannabinol 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 Delta-9-Tetrahydrocannabinol 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 Delta-9-Tetrahydrocannabinol Market Size & Forecast, 2020-2028
4.5.1 Delta-9-Tetrahydrocannabinol Market Size and Y-o-Y Growth
4.5.2 Delta-9-Tetrahydrocannabinol 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 Purity 98%
5.2.2 Purity 99%
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 Pharmaceutical Industry
6.2.2 Research Organization
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Delta-9-Tetrahydrocannabinol 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 Delta-9-Tetrahydrocannabinol 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 Purity 98%
9.6.2 Purity 99%
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 Pharmaceutical Industry
9.10.2 Research Organization
9.10.3 Others
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 Purity 98%
10.6.2 Purity 99%
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 Pharmaceutical Industry
10.10.2 Research Organization
10.10.3 Others
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 Purity 98%
11.6.2 Purity 99%
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 Pharmaceutical Industry
11.10.2 Research Organization
11.10.3 Others
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 Purity 98%
12.6.2 Purity 99%
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 Pharmaceutical Industry
12.10.2 Research Organization
12.10.3 Others
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 Purity 98%
13.6.2 Purity 99%
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 Pharmaceutical Industry
13.10.2 Research Organization
13.10.3 Others
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 Delta-9-Tetrahydrocannabinol Market: Competitive Dashboard
14.2 Global Delta-9-Tetrahydrocannabinol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cayman Chemical
14.3.2 Bio-Techne
14.3.3 Canopy Growth
14.3.4 Noramco
14.3.5 KinetoChem
14.3.6 Aphios
14.3.7 Benuvia
