Market Overview:
The global industrial marijuana market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the legalization of marijuana for medical and recreational purposes in various countries across the globe. Additionally, increasing awareness about the benefits of using marijuana for medicinal purposes is also propelling the growth of this market. The global industrial marijuana market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into marijuana seeds, marijuana oil, marijuana protein powder, and others (marijuana gel caps). The application segment includes supermarkets & hypermarkets; convenience stores; e-commerce; pharmaceuticals; research institutes & laboratories; and others (tobacco shops & vape shops). Regionally speaking, North America dominates this market followed by Europe and Asia Pacific. Latin America is expected to exhibit high growth rates during the forecast period owing to increasing legalization initiatives in this region.
Product Definition:
Industrial marijuana, also known as hemp, is a variety of cannabis sativa that has been cultivated specifically for industrial use. Hemp plants are low in psychoactive THC but contain high levels of CBD, making them ideal for use in the production of CBD oil and other hemp products. Industrial marijuana is an important source of fiber, oil, and other cannabinoids that can be used to produce a wide range of products.
Marijuana Seeds:
Marijuana seeds are the part of Cannabis Sativa, which is used for smoking or can be used to produce hemp oil. It has been observed that marijuana seeds contain a high amount of cannabidiol (CBD) and low THC content. The reason why it is preferred by many people across the globe is because it provides therapeutic benefits without getting you “high”.
Marijuana Oil:
Marijuana oil is a black market term used to refer to the unprocessed resin extracted from the marijuana plant. The amount of THC in marijuana ranges from 5% to 20%, depending on quality and variety, and has no effect on users if consumed in small doses.
The resin undergoes solvent extraction process.
Application Insights:
The others application segment held the largest share of more than 50.0% in 2017. The other applications include pharmaceuticals, nutraceuticals, cosmetics and food additives. Marijuana is legal in most countries where the crops are grown; therefore, it is expected that these products will be legalized for use in various industries including pharmaceutical and cosmetics soon after marijuana legalization across North America and Europe.
Supermarkets accounted for a significant share of more than 30%in 2017 owing to increasing penetration of supermarkets which offer wide range of products under one roof as compared to conventional retail stores which offer limited selection due to space constraints along with convenience offered by modern technologies such as online shopping and mobile apps used for product delivery at the doorsteps. These factors are expected to drive demand over the forecast period from 2018 to 2030 thereby fueling growth globally during this period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of cultivators, manufacturers and consumers. The region is expected to maintain its dominance over the forecast period due to increasing legalization of marijuana for medical and recreational purposes. As per a recent study by Arcview Market Research, Inc., more than half-dozen U.
Asia Pacific also has potential growth opportunities for industry participants due to growing consumer awareness regarding health benefits associated with cannabis use coupled with rising disposable income especially in China & India where demand from nutraceuticals sector was significant enough for major companies such as Cargill (U.S.
Growth Factors:
- Increasing legalization of marijuana for medical purposes
- Growing demand from the pharmaceutical industry for cannabinoids and other marijuana-based drugs
- Rising awareness about the health benefits of cannabis products among consumers
- Proliferation of cannabis dispensaries and increasing access to these products
- Development of new and innovative products based on marijuana extracts
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Marijuana Market Research Report
By Type
Marijuana Seeds, Marijuana Oil, Marijuana Protein, Marijuana Gel Caps,
By Application
Supermarkets, Convenience Stores, Others,
By Companies
Manitoba Harvest, CW Hemp/CW Botanicals, Aphria, Canopy Growth Corporation, Nutiva, Agropro, CV Sciences, Isodiol, ENDOCA, Jinzhou Qiaopai Biotech, North American Hemp & Grain Co, Yunnan Industrial Hemp, GFR Ingredients Inc, Hempco, Yishutang, Naturally Splendid, BAFA neu GmbH, Aos Products, Suyash Herbs
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Marijuana Market Report Segments:
The global Industrial Marijuana market is segmented on the basis of:
Types
Marijuana Seeds, Marijuana Oil, Marijuana Protein, Marijuana Gel Caps,
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
Supermarkets, Convenience Stores, 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:
- Manitoba Harvest
- CW Hemp/CW Botanicals
- Aphria
- Canopy Growth Corporation
- Nutiva
- Agropro
- CV Sciences
- Isodiol
- ENDOCA
- Jinzhou Qiaopai Biotech
- North American Hemp & Grain Co
- Yunnan Industrial Hemp
- GFR Ingredients Inc
- Hempco
- Yishutang
- Naturally Splendid
- BAFA neu GmbH
- Aos Products
- Suyash Herbs
Highlights of The Industrial Marijuana 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:
- Marijuana Seeds
- Marijuana Oil
- Marijuana Protein
- Marijuana Gel Caps
- By Application:
- Supermarkets
- Convenience Stores
- 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 Industrial Marijuana 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?
Industrial marijuana is a type of cannabis that is grown for commercial purposes, such as production of oils and resins.
Some of the major players in the industrial marijuana market are Manitoba Harvest, CW Hemp/CW Botanicals, Aphria, Canopy Growth Corporation, Nutiva, Agropro, CV Sciences, Isodiol, ENDOCA, Jinzhou Qiaopai Biotech, North American Hemp & Grain Co, Yunnan Industrial Hemp, GFR Ingredients Inc, Hempco, Yishutang, Naturally Splendid, BAFA neu GmbH, Aos Products, Suyash Herbs.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Marijuana Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Marijuana Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Marijuana Market - Supply Chain
4.5. Global Industrial Marijuana Market Forecast
4.5.1. Industrial Marijuana Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Marijuana Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Marijuana Market Absolute $ Opportunity
5. Global Industrial Marijuana Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Marijuana Market Size and Volume Forecast by Type
5.3.1. Marijuana Seeds
5.3.2. Marijuana Oil
5.3.3. Marijuana Protein
5.3.4. Marijuana Gel Caps
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Marijuana Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Marijuana Market Size and Volume Forecast by Application
6.3.1. Supermarkets
6.3.2. Convenience Stores
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Marijuana Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Marijuana Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Marijuana Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Marijuana Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Marijuana Demand Share Forecast, 2019-2026
9. North America Industrial Marijuana Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Marijuana Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Marijuana Market Size and Volume Forecast by Application
9.4.1. Supermarkets
9.4.2. Convenience Stores
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Marijuana Market Size and Volume Forecast by Type
9.7.1. Marijuana Seeds
9.7.2. Marijuana Oil
9.7.3. Marijuana Protein
9.7.4. Marijuana Gel Caps
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Marijuana Demand Share Forecast, 2019-2026
10. Latin America Industrial Marijuana Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Marijuana Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Marijuana Market Size and Volume Forecast by Application
10.4.1. Supermarkets
10.4.2. Convenience Stores
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Marijuana Market Size and Volume Forecast by Type
10.7.1. Marijuana Seeds
10.7.2. Marijuana Oil
10.7.3. Marijuana Protein
10.7.4. Marijuana Gel Caps
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Marijuana Demand Share Forecast, 2019-2026
11. Europe Industrial Marijuana Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Marijuana Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Marijuana Market Size and Volume Forecast by Application
11.4.1. Supermarkets
11.4.2. Convenience Stores
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Marijuana Market Size and Volume Forecast by Type
11.7.1. Marijuana Seeds
11.7.2. Marijuana Oil
11.7.3. Marijuana Protein
11.7.4. Marijuana Gel Caps
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Groth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Marijuana Demand Share, 2019-2026
12. Asia Pacific Industrial Marijuana Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Marijuana Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Marijuana Market Size and Volume Forecast by Application
12.4.1. Supermarkets
12.4.2. Convenience Stores
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Marijuana Market Size and Volume Forecast by Type
12.7.1. Marijuana Seeds
12.7.2. Marijuana Oil
12.7.3. Marijuana Protein
12.7.4. Marijuana Gel Caps
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Marijuana Demand Share, 2019-2026
13. Middle East & Africa Industrial Marijuana Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Marijuana Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Marijuana Market Size and Volume Forecast by Application
13.4.1. Supermarkets
13.4.2. Convenience Stores
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Marijuana Market Size and Volume Forecast by Type
13.7.1. Marijuana Seeds
13.7.2. Marijuana Oil
13.7.3. Marijuana Protein
13.7.4. Marijuana Gel Caps
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Marijuana Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Marijuana Market: Market Share Analysis
14.2. Industrial Marijuana Distributors and Customers
14.3. Industrial Marijuana Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Manitoba Harvest
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CW Hemp/CW Botanicals
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aphria
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Canopy Growth Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nutiva
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Agropro
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CV Sciences
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Isodiol
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ENDOCA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jinzhou Qiaopai Biotech
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. North American Hemp & Grain Co
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Yunnan Industrial Hemp
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. GFR Ingredients Inc
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hempco
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Yishutang
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Naturally Splendid
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. BAFA neu GmbH
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Aos Products
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Suyash Herbs
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
