Global Cannabis Extract Machine
Market Report
2024
The market for Cannabis Extract Machine is USD 8497.5 Million worldwide in 2023, based on Cognitive Market Research, and will increase at a 15.5% compound annual growth rate (CAGR) between 2023 and 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The market for Cannabis Extract Machine will is USD 8497.5 Million worldwide in 2023, based on Cognitive Market Research, and will increase at a 15.5% compound annual growth rate (CAGR) between 2023 and 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Cannabis Extract Machine Market Sales Revenue 2023 | $ 8497.5 Million |
Global Cannabis Extract Machine Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 15.5% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Cannabis Extract Machine Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The extraction of cannabinoids from cannabis is done using a cannabis extract machine. The cannabinoids that have been extracted can subsequently be employed in a variety of products, such as cannabis for both medical and recreational uses. Sub/supercritical CO2 extraction machines, ethanol extraction machines, hydrocarbon extraction machines, solvent-free extraction machines, and other forms of cannabis extract machines are just a few of the many varieties of extractors available.
These advancements give companies the ability to provide clients with more customised products and services, which helps the cannabis extract machine market flourish.
(Source:www.edenlabs.com/)
Over the past ten years, there has been a significant transformation in the cannabis sector. Legalizing CBD and cannabis in many nations will turn out to be one of the most important socioeconomic movements.
(Source:www.unodc.org/documents/data-and-analysis/Focus/WDR20_Booklet_4_cannabis_web.pdf)
With greater lawful access to cannabis products, the market for CBD extraction equipment is still growing favorably. Regulations and societal standards will change significantly as a result of this. Additionally, supportive government regulations, government funding for private research and medical institutions, and rising industry R&D expenditures will all contribute to boosting popularity of CBD extract machinery.
The main obstacles for the market for CBD extraction equipment are thought to be high production costs and a lack of important raw materials. Due to the greater production costs and the use of pricey materials that are more robust and have a longer lifespan, this leads to pricing complexity. Furthermore, extraction techniques use flammable liquids and gases that release hazardous gases. Additionally, an explosion can easily happen as a result of improper equipment design, modification, maintenance, and installation. In order to get beyond this obstacle and create better CBD extraction machinery and goods, research can be crucial in this situation.
All different kinds of businesses have been impacted by the corona virus (COVID-19) pandemic and lockdown in a number of different countries around the world. The private healthcare sector is suffering significantly as a result of the COVID-19 outbreak. The corona virus outbreak has had a negative impact on the development, production, and availability of raw materials, notably in the private sector.
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Due of the numerous medical advantages that cannabis products provide customers, the number of chronic illnesses being treated with them has increased. They are hence gaining ground swiftly. Additionally, there is severe competition on a worldwide scale as businesses concentrate on diversifying their product lines, breaking into new markets, and gaining new clients.
(Source:www.prospiant.com/delta-cup-5-ethanol-extraction-cannabis/)
Top Companies Market Share in Cannabis Extract Machine Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America ruled the market in 2023 and contributed more than 35% of global revenue as a result of various factors. The cannabis extract machine market is dominated by the North American continent. Recent data indicates that 57.0% of American adults approve the use of marijuana for ailments like inflammation, discomfort, and cancer treatment. As a result, factors including the legalization of cannabis, expanding public acceptability, and more usage of products for therapeutic purposes are encouraging regional market expansion. The fastest growth rate, predicted to be 37.8%, will occur in the Middle East and Africa. In a few European nations, marijuana has been employed in the pharmaceutical industry. In Spain, the United Kingdom, Germany, and other nations, this is particularly true. The second-biggest source of revenue came from Europe. However, legalisation in Europe may be constrained by stringent laws and rules governing sales and cultivation, as well as by legalisation there.
The market's fastest-growing region is the Asia-Pacific region. Some of the variables that are anticipated to fuel market growth include an increasing percentage of patients suffering from chronic diseases in Asia-Pacific and a rising propensity for a healthy lifestyle. Additionally, it is anticipated that a surge in product approvals and rising R&D efforts for medical cannabis equipment will fuel industry expansion. However, the costly nature of medical cannabis devices and procedures, pharmaceuticals, safety concerns, side effects related with laser operations, and lack of understanding regarding the treatment from laser devices are anticipated to impede market expansion.
The current report Scope analyzes Cannabis Extract Machine Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Cannabis Extract Machine Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Cannabis Extract Machine Industry growth. Cannabis Extract Machine market has been segmented with the help of its Type, Application , and others. Cannabis Extract Machine market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The product that is used the most commonly in the marketplace for cannabis extract machines, according to Cognitive Market Research, is a sub/supercritical CO2 extraction machine. A type of extracting marijuana machine known as a sub/supercritical CO2 extraction machine uses carbon dioxide as the main extraction solvent. With few processing steps and great purity, this approach produces cannabinoids and terpenes. The sub/supercritical CO2 extraction equipment is made to provide advantages such cheap operational costs, quick production rates, no chemical residues from solvents, adaptability for use across diverse applications, etc.
Within this segment, the ethanol extraction machine market is expanding most quickly. Alcohol is used as the solvent in extraction equipment called an ethanol machine to extract cannabinoids from cannabis. Utilising an ethanol extraction machine has the benefit of producing high-quality oil that is terpene and cannabinoid-rich. These pigments and other plant components are also extracted by ethanol, which may provide the oil a green hue and unpleasant flavour.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cannabis Extract Machine Industry. Request a Free Sample PDF!
The majority of this market in this sector is dominated by recreational cannabis. The most typical use of cannabis extract machines is for recreational use. Products with higher levels of THC, CBD, and other cannabinoids are of particular appeal to recreational users. Due to the removal of undesirable substances like chlorophyll, these extracts have extremely high levels of purity.
In this market, the cannabis extract machine industry is expanding at the highest rate. In order to extract the various components from medical marijuana, a cannabis extract machine is used. The demand for these devices has expanded as a result of the most recent trend in the market for recreational and therapeutic purposes. They include supercritical CO2, ethanol, hydrocarbons, and others.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Cannabis Extract Machine market report 2024 Edition by contacting our team.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Cannabis Extract Machine Market is witnessing significant growth in the near future.
In 2023, the Sub/Supercritical CO2 Extraction Machine segment accounted for noticeable share of global Cannabis Extract Machine Market and is projected to experience significant growth in the near future.
The Recreational Cannabis segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Precision , Eden Labs and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Sub/Supercritical CO2 Extraction Machine, Ethanol Extraction Machine, Hydrocarbon Extraction Machine, Solvent-less Extraction Machine, Others |
Application | Recreational Cannabis, Medical Cannabis |
List of Competitors | Precision, Capna Systems, Eden Labs, Apeks Supercritical, extraktLAB, Cedarstone Industry, MediPharm Lab, Integrated Extraction, Dragonfly Technologies |
This chapter will help you gain GLOBAL Market Analysis of Cannabis Extract Machine. Further deep in this chapter, you will be able to review Global Cannabis Extract Machine Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Cannabis Extract Machine Market Trends North America Cannabis Extract Machine Technological Road Map North America Cannabis Extract Machine Market Drivers North America Cannabis Extract Machine Market Restraints North America Cannabis Extract Machine Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Cannabis Extract Machine market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Sub/Supercritical CO2 Extraction Machine have a significant impact on Cannabis Extract Machine market? |
What are the key factors affecting the Sub/Supercritical CO2 Extraction Machine and Ethanol Extraction Machine of Cannabis Extract Machine Market? |
What is the CAGR/Growth Rate of Recreational Cannabis during the forecast period? |
By type, which segment accounted for largest share of the global Cannabis Extract Machine Market? |
Which region is expected to dominate the global Cannabis Extract Machine Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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