Cannabis Testing Market Report 2024 (Global Edition)

Global Cannabis Testing Market Report 2024 Market Size Split by Product Software (Analytical Instruments, Chromatography Instruments, Liquid Chromatography, Gas Chromatography, Spectroscopy Instrument...

Cannabis Testing Market Report Description

We have various report editions of Cannabis Testing Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Cannabis Testing Market

The competitive landscape of the Cannabis Testing Market is characterized by a range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established manufacturers, specialized companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

April 2023: S.C. Labs, a top cannabis and hemp testing company in the U.S., has announced its acquisition of C4 Laboratories, located in Scottsdale, Arizona. With this acquisition, S.C. Labs has expanded its licensing and accreditation to five states: California, Colorado, Michigan, Oregon, and Arizona. (Source: https://www.prnewswire.com/news-releases/sc-labs-expands-into-arizona-with-the-acquisition-of-c4-laboratories-301805071.html) July 2024: Eurofins CDMO Alphora Inc. is pleased to announce the expansion of its API production capacity with the inauguration of a new API manufacturing facility in Mississauga, Canada. This new 15,000 sq ft facility adds GMP processing and warehousing space, enhancing Eurofins CDMO Alphora's existing API and drug substance manufacturing capabilities. (Source: https://www.eurofins.com/biopharma-services/cdmo/news-events/press-releases/eurofins-cdmo-alphora-inc-canada-announces-completion-of-new-api-manufacturing-facility/) January 2021: MCR Labs has started accepting and testing cannabis product samples for medical marijuana licensees in Pennsylvania at their Allentown facility. This marks the first expansion outside Massachusetts for the cannabis testing company. (Source: https://www.prnewswire.com/news-releases/mcr-labs-becomes-multi-state-enterprise-with-the-opening-of-pennsylvania-lab-301216577.html)

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

• S.C. Laboratories
• Cannalysis
• Steep Hill Labs
• Eurofins Scientific
• MCR Labs
• Certified Labs
• BioCann Laboratories
• PharmaCann
• CannaSafe
• Front Range Biosciences
• Confidential Data
• Access The Paid Version
• Data Hidden

*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 Testing Market

Which Region Dominates the Cannabis Testing Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. In North America, the Cannabis Testing Market is experiencing significant growth in the United States due to extensive legalization and a well-established regulatory framework for cannabis products. Canada also contributes to the growth with its comprehensive cannabis regulations and high demand for testing services to ensure product safety and compliance.

Which Region is Expanding at the Fastest CAGR?

In Europe, the fastest-growing region for the Cannabis Testing Market is Western Europe, driven by increasing legalization and regulatory frameworks for cannabis in countries like Germany and the Netherlands. This growth is fueled by rising demand for reliable testing services to ensure compliance and product safety.

The current report Scope analyzes Cannabis Testing 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 Testing

According to Cognitive Market Research, the global Cannabis Testing Market size was estimated at USD 1954.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 781.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.2% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the Cannabis Testing Market with a market size of USD 616.75 million in 2024 and is projected to grow at a CAGR of 21.0% during the forecast period. The United States is the dominant country due to its advanced legalization and established regulatory framework, driving a high demand for comprehensive cannabis testing services.
• The Canada Cannabis Testing Market had a market share of USD 93.80 million in 2024 and is projected to grow at a CAGR of 22.0% during the forecast period. Canada is the fastest-growing country, with expanding opportunities in cannabis testing driven by its mature market and ongoing regulatory developments.
• The Mexico Cannabis Testing Market is projected to witness growth at a CAGR of 21.7% during the forecast period, with a market size of USD 71.13 million in 2024.

Asia Pacific Cannabis Testing

According to Cognitive Market Research, the global Cannabis Testing Market size was estimated at USD 1954.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 449.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Cannabis Testing Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. China is the dominant country in the Cannabis Testing Market due to its large-scale investments in cannabis research and development despite stringent regulatory environments.
• The Japan Cannabis Testing Market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD XX million in 2024.
• The India Cannabis Testing Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India is the fastest-growing country in the Cannabis Testing Market, driven by increasing interest in medical cannabis and evolving regulatory frameworks.
• The South Korean Cannabis Testing Market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD XX million in 2024.
• The Australian Cannabis Testing Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia Cannabis Testing Market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Cannabis Testing Market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD XX million in 2024.

South America Cannabis Testing

According to Cognitive Market Research, the global Cannabis Testing Market size was estimated at USD 1954.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 97.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Cannabis Testing Market size was valued at USD 41.82 million in 2024 and is projected to grow at a CAGR of 23.0% during the forecast period. Brazil is the dominant country in the Latin American Cannabis Testing Market due to its leading role in cannabis cultivation and regulatory advancements in the sector.
• Argentina's Cannabis Testing Market had a market share of USD 16.42 million in 2024 and is projected to grow at a CAGR of 23.3% during the forecast period. Argentina is the fastest-growing country in the Latin American Cannabis Testing Market, driven by increasing interest in cannabis research and expanding regulatory frameworks.
• Colombia Cannabis Testing Market is projected to witness growth at a CAGR of 22.2% during the forecast period, with a market size of USD 8.70 million in 2024.
• Peru Cannabis Testing Market is projected to witness growth at a CAGR of 22.6% during the forecast period, with a market size of USD 8.01 million in 2024.
• Chile Cannabis Testing Market is projected to witness growth at a CAGR of 22.7% during the forecast period, with a market size of USD 7.04 million in 2024.
• The Rest of Latin America's Cannabis Testing Market is projected to witness growth at a CAGR of 21.5% during the forecast period, with a market size of USD 15.73 million in 2024.

Middle East and Africa Cannabis Testing

According to Cognitive Market Research, the global Cannabis Testing Market size was estimated at USD 1954.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 39.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.7% from 2024 to 2031..

• The GCC Countries Cannabis Testing Market is projected to witness growth at a CAGR of 23.5% during the forecast period, with a market size of USD 16.73 million in 2024. The United Arab Emirates is the dominant GCC country in the Cannabis Testing Market due to its leading position in establishing regulatory frameworks and expanding medical cannabis programs.
• The Egypt Cannabis Testing Market is projected to witness growth at a CAGR of 23.0% during the forecast period, with a market size of USD 4.10 million in 2024.
• The South Africa Cannabis Testing Market is projected to witness growth at a CAGR of 23.7% during the forecast period, with a market size of USD 6.18 million in 2024. South Africa is the fastest-growing country in the Cannabis Testing Market, driven by increasing investments in cannabis cultivation and a developing regulatory environment for medical cannabis.
• The Turkey Cannabis Testing Market is projected to witness growth at a CAGR of 22.2% during the forecast period, with a market size of USD 3.36 million in 2024.
• The Nigeria Cannabis Testing Market is projected to witness growth at a CAGR of 21.8% during the forecast period, with a market size of USD 4.10 million in 2024.
• The Rest of MEA Cannabis Testing Market is projected to witness growth at a CAGR of 21.7% during the forecast period, with a market size of USD 4.61 million in 2024.

Cannabis Testing Market Analysis

Cannabis Testing Market Type Segment Analysis

According to Cognitive Market Research, In the Cannabis Testing Market, Analytical Instruments is the dominant category. This segment leads due to the essential role of high-precision instruments like chromatography and spectroscopy in accurately analyzing cannabis samples for potency, purity, and contaminants. The widespread use of these instruments in laboratories and testing facilities drives their high market share, as they are crucial for meeting regulatory standards and ensuring product quality.

The fastest-growing category is Cannabis Testing Software. This growth is driven by the increasing need for integrated software solutions that streamline data management, enhance testing accuracy, and ensure regulatory compliance. As the cannabis industry expands and testing requirements become more complex, the demand for sophisticated software to support laboratory operations and data analysis is rising rapidly.

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 Testing Industry. Request a Free Sample PDF!

Cannabis Testing Market Service Segment Analysis

According to Cognitive Market Research, Potency Testing is the dominant category in the Cannabis Testing Market due to its essential role in determining the concentration of key cannabinoids such as THC and CBD. Accurate potency testing is crucial for product labeling, consumer transparency, and regulatory compliance, ensuring that products meet the advertised cannabinoid levels. This type of testing helps consumers make informed choices about their cannabis products and is a standard requirement across various jurisdictions. The widespread need for reliable potency data across medical and recreational cannabis products solidifies its position as the leading segment in the market.

Pesticide Screening is the fastest-growing category in the Cannabis Testing Market, driven by increasing regulatory scrutiny and consumer demand for safe cannabis products. As the cannabis industry expands, there is a heightened focus on ensuring that products are free from harmful pesticide residues, which can pose health risks. Stringent regulations and growing awareness about the potential dangers of pesticide contaminants have led to a surge in demand for comprehensive pesticide screening services. This trend reflects a broader commitment to product safety and quality assurance, fueling rapid growth in this testing category.

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

Cannabis Testing End-User Segment Analysis

Cannabis Testing Market End-User Segment Analysis

According to Cognitive Market Research, in the Cannabis Testing Market, Cannabis Testing Laboratories are the dominant category, holding the largest market share. These laboratories are pivotal for ensuring that cannabis products adhere to safety and regulatory standards by performing detailed analyses of potency, purity, and contaminants. The demand for testing laboratories is driven by the need for comprehensive and reliable testing to comply with legal requirements and provide transparency in the cannabis industry. As the market grows, testing laboratories play a crucial role in verifying product quality, making them a central component of the cannabis testing ecosystem.

The fastest-growing category in the Cannabis Testing Market is Cannabis Cultivators/Growers. This segment is expanding rapidly as more cultivation operations seek to ensure the quality and safety of their products through rigorous testing. With increasing regulatory requirements and a focus on optimizing cannabis yields and product efficacy, cultivators are investing heavily in testing services. This growth is driven by the need for compliance with stringent standards and the desire to deliver high-quality products to the market. As the cultivation sector evolves, its demand for advanced testing solutions continues to rise.

• Product & Software
• Cannabis Testing Laboratories
• Small-Scale Laboratories
• Medium-Scale Laboratories
• Large-Scale Laboratories
• Research Institutes
• Services
• Cannabis Drug Manufacturers & Dispensaries
• Cannabis Cultivators/Growers

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

LinkedIn

Profile

Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

Author's Conclusion