Cannabis Extraction Market Report 2025 (Global Edition)

Global Cannabis Extraction Market Report 2025 Market Size Split by Extraction Method (Solvent-Based Extraction, Non-Solvent Extraction), by Product Type (Cannabidiol (CBD) Extracts, Tetrahydrocannabin...

Cannabis Extraction Market Report Description

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Competitive Landscape of the Cannabis Extraction Market

The competitive landscape of the cannabis extraction market is highly dynamic, with numerous players ranging from established cannabis firms to specialized extraction technology companies. These firms focus on developing efficient, scalable, and cost-effective extraction techniques to gain a competitive edge. Strategic partnerships, acquisitions, and innovations in extraction methods are common strategies for staying competitive in this rapidly growing market.

In March 2024, Tilray Brands announced a major achievement in the medical cannabis sector in Portugal. This milestone marks a significant advancement in medical cannabis access and patient care within the country. It highlights their ongoing commitment to pioneering medical cannabis research and accessibility, offering safe and effective therapeutic solutions to those in need. The company remain dedicated to empowering individuals and shaping the future of medical cannabis. (Source: https://tilray.gcs-web.com/news-releases/news-release-details/tilray-medical-receives-approval-first-medical-cannabis-extract) In September 2023, MediPharm Labs Corp. announced the launch of its Canadian-produced GMP Beacon Medical cannabis oil and inhalation cartridges in the Australian medical market. MediPharm is strategically positioned to serve this growing market, holding an Australian GMP license from the Therapeutic Goods Administration (TGA), alongside its GMP certification from Health Canada (Drug Establishment License) and the US FDA. (Source: https://www.medipharmlabs.com/news-post/medipharm-labs-launches-new-gmp-products-to-the-australian-medical-cannabis-market)

Top Companies Market Share in Cannabis Extraction Industry: (In no particular order of Rank)

• Aurora Cannabis
• Canopy Growth Corporation
• Medipharm Labs
• Valens GroWorks
• Neptune Wellness Solutions
• Organa Brands
• Tilray Inc.
• Peridot Labs
• Kynd Cannabis Company
• Indiva Limited
• Precision Extraction Solutions
• MediPharm Labs
• Green Thumb Industries
• Trulieve Cannabis
• Holistic Industries
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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.

Regional Analysis of the Cannabis Extraction Market

Which Region Dominates the Cannabis Extraction Market in 2024?

According to Cognitive Market Research, North America currently dominates the cannabis extraction market, and the region is expected to have significant growth during the projected period. This is due to early legalization in the U.S. and Canada, robust consumer demand, and the presence of leading extraction technology providers. The region also benefits from well-established distribution networks and increasing acceptance of both recreational and medicinal cannabis use, driving strong sales growth.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This is driven by the gradual relaxation of cannabis regulations, especially in countries like Thailand and South Korea. The increasing focus on hemp-based CBD products, coupled with rising investments in cannabis research and cultivation, contributes to the region’s rapid market expansion.

The current report Scope analyzes Cannabis Extraction 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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cannabis Extraction

According to Cognitive Market Research, the global cannabis extraction market size was estimated at USD 12542.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 5017.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.8% from 2024 to 2031.

• According to Cognitive Market Research, The United States cannabis extraction market is projected to witness growth at a CAGR of 17.6% during the forecast period, with a market size of USD 3,958.41 million in 2024. The U.S. cannabis extraction market will grow due to increasing legalization across states, rising demand for medical marijuana, and evolving regulations.
The Canada cannabis extraction market is projected to witness growth at a CAGR of 18.6% during the forecast period, with a market size of USD 602.04 million in 2024. Canada's sales of cannabis extraction will surge with growing recreational cannabis use, government support, and a focus on innovative extraction technologies. The Mexico cannabis extraction market is projected to witness growth at a CAGR of 18.3% during the forecast period, with a market size of USD 456.55 million in 2024.

Europe Cannabis Extraction

According to Cognitive Market Research, the global cannabis extraction market size was estimated at USD 12542.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3762.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.1% from 2024 to 2031.

• The United Kingdom cannabis extraction market is projected to witness growth at a CAGR of 18.9% during the forecast period, with a market size of USD 632.14 million in 2024. Increased medical cannabis prescriptions and government efforts to standardize the cannabis market will drive extraction sales in the UK.
The France cannabis extraction market is projected to witness growth at a CAGR of 17.3% during the forecast period, with a market size of USD 346.17 million in 2024. The Germany cannabis extraction market is projected to witness growth at a CAGR of 18.3% during the forecast period, with a market size of USD 745.02 million in 2024. Germany's medical cannabis program expansion and growing awareness of cannabis-based treatments will boost extraction technology adoption and sales. The Italy cannabis extraction market is projected to witness growth at a CAGR of 17.5% during the forecast period, with a market size of USD 323.60 million in 2024. The Russia cannabis extraction market is projected to witness growth at a CAGR of 17.1% during the forecast period, with a market size of USD 583.23 million in 2024. The Spain cannabis extraction market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 308.55 million in 2024. The Luxembourg cannabis extraction market is projected to witness growth at a CAGR of 18.2% during the forecast period, with a market size of USD 116.65 million in 2024. The Portugal cannabis extraction market is projected to witness growth at a CAGR of 17.9% during the forecast period, with a market size of USD 79.02 million in 2024. The Greece cannabis extraction market is projected to witness growth at a CAGR of 18.4% during the forecast period, with a market size of USD 45.15 million in 2024. The Rest of Europe cannabis extraction market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 583.23 million in 2024.

Asia Pacific Cannabis Extraction

According to Cognitive Market Research, the global cannabis extraction market size was estimated at USD 12542.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2884.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.6% from 2024 to 2031.

• According to Cognitive Market Research, China cannabis extraction market is projected to witness growth at a CAGR of 21.1% during the forecast period, with a market size of USD 1,298.15 million in 2024. China's cannabis extraction market is driven by industrial hemp legalization, rapidly increasing demand for CBD-based products, and growing research initiatives.
The Japan cannabis extraction market is projected to witness growth at a CAGR of 20.1% during the forecast period, with a market size of USD 398.10 million in 2024. The India cannabis extraction market is projected to witness growth at a CAGR of 23.4% during the forecast period, with a market size of USD 346.17 million in 2024. India's cannabis extraction sales will rise with increasing acceptance of Ayurveda cannabis formulations, growing domestic demand, and export potential. The South Korea cannabis extraction market is projected to witness growth at a CAGR of 20.7% during the forecast period, with a market size of USD 288.48 million in 2024. The Australia cannabis extraction market is projected to witness growth at a CAGR of 21.3% during the forecast period, with a market size of USD 150.01 million in 2024. The South East Asia cannabis extraction market is projected to witness growth at a CAGR of 22.6% during the forecast period, with a market size of USD 199.05 million in 2024. The Rest of Asia-Pacific cannabis extraction market is projected to witness growth at a CAGR of 21.4% during the forecast period, with a market size of USD 204.82 million in 2024.

South America Cannabis Extraction

According to Cognitive Market Research, the global cannabis extraction market size was estimated at USD 12542.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 627.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil cannabis extraction market is projected to witness growth at a CAGR of 19.6% during the forecast period, with a market size of USD 268.41 million in 2024. Brazil’s market will expand as medical cannabis use becomes mainstream, driven by regulatory changes and increased investments in extraction facilities.
The Argentina cannabis extraction market is projected to witness growth at a CAGR of 19.9% during the forecast period, with a market size of USD 105.36 million in 2024. Argentina's cannabis extraction market will see growth through expanded medical cannabis programs, government support, and patient advocacy for cannabis use. The Colombia cannabis extraction market is projected to witness growth at a CAGR of 18.8% during the forecast period, with a market size of USD 55.81 million in 2024. The Peru cannabis extraction market is projected to witness growth at a CAGR of 19.2% during the forecast period, with a market size of USD 51.42 million in 2024. The Chile cannabis extraction market is projected to witness growth at a CAGR of 19.3% during the forecast period, with a market size of USD 45.15 million in 2024. The Rest of Latin America cannabis extraction market is projected to witness growth at a CAGR of 18.1% during the forecast period, with a market size of USD 100.97 million in 2024.

Middle East and Africa Cannabis Extraction

According to Cognitive Market Research, the global cannabis extraction market size was estimated at USD 12542.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 250.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.3% from 2024 to 2031..

• The GCC countries cannabis extraction market is projected to witness growth at a CAGR of 20.1% during the forecast period, with a market size of USD 107.36 million in 2024. In the GCC, the rising medical cannabis awareness and regulatory shifts will enhance extraction technology adoption, boosting market demand.
The Egypt cannabis extraction market is projected to witness growth at a CAGR of 19.6% during the forecast period, with a market size of USD 26.34 million in 2024. The South Africa cannabis extraction market is projected to witness growth at a CAGR of 20.3% during the forecast period, with a market size of USD 39.63 million in 2024. South Africa’s market will grow with increasing industrial cannabis production, government backing, and rising demand for cannabis-based medicinal products. The Turkey cannabis extraction market is projected to witness growth at a CAGR of 18.8% during the forecast period, with a market size of USD 21.57 million in 2024. The Nigeria cannabis extraction market is projected to witness growth at a CAGR of 18.4% during the forecast period, with a market size of USD 26.34 million in 2024. The Rest of MEA cannabis extraction market is projected to witness growth at a CAGR of 18.3% during the forecast period, with a market size of USD 29.60 million in 2024.

Cannabis Extraction Market Analysis

Cannabis Extraction Market Extraction Method Segment Analysis

According to Cognitive Market Research, solvent-based extraction are likely to dominate the cannabis extraction market over the forecast period due to its efficiency in extracting high yields of cannabinoids, especially THC and CBD. This method is widely used in the industry for producing high-quality cannabis extracts at scale, despite environmental concerns, because it provides consistent, potent products for both medicinal and recreational use.

The non-solvent extraction is the fastest-growing segment in the cannabis extraction market due to increasing consumer preference for organic, clean-label cannabis products. This method avoids the use of chemicals, appealing to environmentally conscious consumers and health-focused users, particularly in markets where product purity is emphasized. Innovations in non-solvent technologies are driving this growth further.

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 Extraction Industry. Request a Free Sample PDF!

Cannabis Extraction Market Product Type Segment Analysis

According to Cognitive Market Research, the tetrahydrocannabinol (THC) extracts segment holds the largest share of the market due to high demand in recreational markets, particularly in North America, where legalization is more widespread. THC products generate significant revenue because they are highly sought after for their psychoactive effects, which appeal to a large consumer base in both legal recreational and medicinal markets.

In the cannabis extraction market, the cannabidiol (CBD) extracts has been expanding at a rapid pace due to increasing awareness of their therapeutic benefits without the psychoactive effects of THC. The rise in demand for wellness products, medical treatments, and CBD-infused consumer goods is driving the growth of CBD extracts, especially in regions where THC is still heavily regulated.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cannabis Extraction End-Use Application Segment Analysis

Cannabis Extraction Market End-Use Application Segment Analysis

According to Cognitive Market Research, the pharmaceuticals segment holds the largest share of the market driven by the growing use of cannabis-based treatments for conditions such as epilepsy, chronic pain, and anxiety. The stringent requirements for medical-grade extracts also ensure high profitability, as pharmaceutical applications demand precise, consistent formulations, fueling market dominance.

In the cannabis extraction market, the food and beverages has been expanding at a rapid pace due to the increasing popularity of cannabis-infused edibles and beverages. Consumers seeking alternative ways to consume cannabis are driving demand for innovative products like CBD-infused snacks, beverages, and functional foods, especially in regions where recreational cannabis is legal.

• Pharmaceuticals
• Food and Beverages
• Cosmetics and Personal Care
• Nutraceuticals
• Vaping Products

Cannabis Extraction Distribution Channel Segment Analysis

Cannabis Extraction Market End-Use Distribution Channel Segment Analysis

According to Cognitive Market Research, the online retail segment holds the largest share of the market due to its convenience and broad accessibility, allowing consumers to easily purchase cannabis products discreetly. The COVID-19 pandemic further accelerated the shift towards online purchasing. The availability of a wide variety of products and the ability to reach a global customer base give online retail a significant advantage.

In the cannabis extraction market, the pharmacies has been expanding at a rapid pace driven by the increasing use of cannabis for medicinal purposes. As more countries and regions legalize medical cannabis, consumers prefer purchasing from trusted and regulated sources like pharmacies, where they are assured of product quality, safety, and proper labeling.

• Online Retail
• Specialty Stores
• Pharmacies
• Supermarkets/Hypermarkets

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
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