Global Marijuana Market size, share, Growth & Trends Analysis Report by Product Type (Oils, Cream, Tincture, Powder, Pills and Others) by Application (Cancer, Arthritis, chronic pain, Alzheimer’s, Pain Management, Multiple Sclerosis and Others) by Usage(Medical Use and Recreational Use) and Region-Market Intelligence & Forecast, 2019-2026
Date: Dec-2019 | Id: MACRC-1184 | Geographical Scope: Global | Publisher: MACRC
“Global Marijuana Market was valued at USD 13.24 Billion in the year 2017 and is expected to reach approximately USD 81.08 Billion by 2026, at CAGR 22.3% from 2019 to 2026.”
Introduction
Marijuana is also called weed, bud, ganja, herb, pot, grass, Mary Jane, and in other terms, it is a greenish-gray mixture of the dried flowers of Cannabis sativa. Marijuana is mainly used for rew tea and, sold for medicinal purposes. Recently it can be used to mix into foods such as brownies, cookies, or candies. Stronger forms of marijuana include sinsemilla and concentrated resins containing high doses of marijuana’s active ingredients such as hash oil, waxy budder, and hard amberlike shatter. These resins are increasingly popular for both recreation and medical purpose.
The global marijuana market is segmented into product types, application, usage, and region. By product type, the market is divided into oils, cream, tinctures, powder, pills, and others. Application-wise, the Marijuana market is fragmented into cancer, chronic pain, arthritis, alzheimer’s, pain management, multiple sclerosis and others. The chronic pain application segment has held a largest market share due to increased requirement of pain management across the globe. According to National Health Interview Survey (NHI), most of American adults experienced chronic pain. On the basis of usage the market is segmented into medical and recreational use. As medical marijuana is strictly followed as a medicine prescribed by a physician and its distribution is also regulated by government. Suppliers of marijuana has mandatory to maintain a mandated quality control on the products. Hence, medical use has held largest share in 2017.
Market Dynamics
Increasing usage of marijuana in medical industry is mainly driving the growth of marijuana market. Also, increasing disease of chronic pain and growing need for effective pain management remedies across globe is expected to surge the demand for marijuana market .Moreover, high prevalence of cancer is projected to fuel the demand of marijuana market. However, stigma of marijuana in society is restraining the growth of this market. Nonetheless, increasing demand in healthcare and pharmaceutical industry will proliferate the demand of marijuana market during the forecast period.
Geographical Outlook
The global Marijuana market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has held largest market share in 2017 due to presence of a large number of customers in the U.S. and Canada. European countries also expected moderate growth owing to stringent rules and regulations by government regarding the sale and cultivation. The intense competition amongst the existing market players is expected to spur the demand of this market in coming years. Companies are investing fund for research and development which plays a cog role to launch new innovative products.
Market Segmentation
On the Basis of Product Type
On the Basis of Application
Introduction
Marijuana is also called weed, bud, ganja, herb, pot, grass, Mary Jane, and in other terms, it is a greenish-gray mixture of the dried flowers of Cannabis sativa. Marijuana is mainly used for rew tea and, sold for medicinal purposes. Recently it can be used to mix into foods such as brownies, cookies, or candies. Stronger forms of marijuana include sinsemilla and concentrated resins containing high doses of marijuana’s active ingredients such as hash oil, waxy budder, and hard amberlike shatter. These resins are increasingly popular for both recreation and medical purpose.
The global marijuana market is segmented into product types, application, usage, and region. By product type, the market is divided into oils, cream, tinctures, powder, pills, and others. Application-wise, the Marijuana market is fragmented into cancer, chronic pain, arthritis, alzheimer’s, pain management, multiple sclerosis and others. The chronic pain application segment has held a largest market share due to increased requirement of pain management across the globe. According to National Health Interview Survey (NHI), most of American adults experienced chronic pain. On the basis of usage the market is segmented into medical and recreational use. As medical marijuana is strictly followed as a medicine prescribed by a physician and its distribution is also regulated by government. Suppliers of marijuana has mandatory to maintain a mandated quality control on the products. Hence, medical use has held largest share in 2017.
Market Dynamics
Increasing usage of marijuana in medical industry is mainly driving the growth of marijuana market. Also, increasing disease of chronic pain and growing need for effective pain management remedies across globe is expected to surge the demand for marijuana market .Moreover, high prevalence of cancer is projected to fuel the demand of marijuana market. However, stigma of marijuana in society is restraining the growth of this market. Nonetheless, increasing demand in healthcare and pharmaceutical industry will proliferate the demand of marijuana market during the forecast period.
Geographical Outlook
The global Marijuana market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has held largest market share in 2017 due to presence of a large number of customers in the U.S. and Canada. European countries also expected moderate growth owing to stringent rules and regulations by government regarding the sale and cultivation. The intense competition amongst the existing market players is expected to spur the demand of this market in coming years. Companies are investing fund for research and development which plays a cog role to launch new innovative products.
Market Segmentation
On the Basis of Product Type
- Oils
- Cream
- Tinctures
- Powder
- Pills
- Others
On the Basis of Application
- Cancer
- Arthritis
- Alzheimer’s
- chronic pain
- Pain Management
- Multiple Sclerosis
- Others
- Medical Use
- Recreational Use
Key Players
Some of the key players operating in the global Marijuana market are GW Pharmaceuticals, PLC, Medical Marijuana, Inc., United Cannabis, Cannabis Sativa, Inc., GreenGro Technologies, Canopy Growth Corporation, Cara Therapeutics., GBSciences, Inc., Aurora Cannabis, CannaGrow Holdings, Inc., De Nemours and Company, and others
Key questions addressed by the report:
- What are the key trends and dynamics existing in the market?
- What are the global opportunities in the marijuana market?
- Who are the major market players in the marijuana market?
- How competitive is the market?
- What are the growth trends and the largest revenue-generating region for the marijuana market?
- What are the emerging trends?
- Which geographical region is holding major potential for new entrants?
Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources 1.4. List of Abbreviations Chapter 2. Executive Summary 2.1. Marijuana Market - Industry Snapshot 2.2. Marijuana Market Chapter 3. Customer Care BPO Industry Outlook 3.1. Market Segmentation 3.2. Value Chain Analysis 3.3. Market Dynamics 3.3.1. Market driver analysis 3.3.2. Market restraint analysis 3.3.3. Market opportunity analysis 3.4. Penetration & Growth Prospects Mapping 3.5. Industry Analysis - Porter’s Five Forces Analysis 3.6. PESTEL Analysis Chapter 4. Marijuana Market: By Product Type (USD Billion) 4.1. Oils 4.2. Creams 4.3 Tinctures 4.4 Powder 4.5 Pills 4.6 Others Chapter 5. Marijuana Market: By Application (USD Billion) 5.1. Cancer 5.2 Arthritis 5.3. Alzheimer’s 5.4. Pain Management 5.5. Multiple Sclerosis 5.6. Chronic pain 5.7. Others Chapter 6. Marijuana Market: By Usage (USD Billion) 6.1 Medical Use 6.2 Recreational Use Chapter 7. Marijuana Market: Regional Outlook 7.1. Marijuana Market Estimates & Forecasts 7.2. North America 7.2.1. Market estimates and forecasts 7.2.2. Market estimates and forecasts, By Product Type 7.2.3. Market estimates and forecasts, By Application 7.2.4. Market estimates and forecasts, By Usage 7.2.4. U.S. 7.2.4.1. Market estimates and forecasts 7.2.4.2. Market estimates and forecasts, By Product Type 7.2.4.3. Market estimates and forecasts, By Application 7.2.4.4 Market estimates and forecasts, By Usage 7.2.5. Canada 7.2.5.1. Market estimates and forecasts 7.2.5.2. Market estimates and forecasts, By Product Type 7.2.5.3. Market estimates and forecasts, By Application 7.2.5.4 Market estimates and forecasts, By Usage 7.3. Europe 7.3.1. Market estimates and forecasts 7.3.2. Market estimates and forecasts, By Product Type 7.3.3. Market estimates and forecasts, By Application 7.3.4 Market estimates and forecasts, By Usage 7.3.4. U.K. 7.3.4.1. Market estimates and forecasts 7.3.4.2. Market estimates and forecasts, By Product Type 7.3.4.3. Market estimates and forecasts, By Application 7.3.4.4 Market estimates and forecasts, By Usage 7.3.5. Germany 7.3.5.1. Market estimates and forecasts 7.3.5.2. Market estimates and forecasts, By Product Type 7.3.5.3. Market estimates and forecasts, By Application 7.3.5.4 Market estimates and forecasts, By Usage 7.3.6. France 7.3.6.1. Market estimates and forecasts 7.3.6.2. Market estimates and forecasts, By Product Type 7.3.6.3. Market estimates and forecasts, By Application 7.3.6.4 Market estimates and forecasts, By Usage 7.4. Asia Pacific 7.4.1. Market estimates and forecasts 7.4.2. Market estimates and forecasts, By Product Type 7.4.3. Market estimates and forecasts, By Application 7.4.4 Market estimates and forecasts, By Usage 7.4.4. China 7.4.4.1. Market estimates and forecasts 7.4.4.2. Market estimates and forecasts, By Product Type 7.4.4.3. Market estimates and forecasts, By Application 7.4.4.4. Market estimates and forecasts, By Usage 7.4.5. India 7.4.5.1. Market estimates and forecasts 7.4.5.2. Market estimates and forecasts, By Product Type 7.4.5.3. Market estimates and forecasts, By Application 7.4.5.4. Market estimates and forecasts, By Usage 7.4.6. Japan 7.4.6.1. Market estimates and forecasts 7.4.6.2. Market estimates and forecasts, By Product Type 7.4.6.3. Market estimates and forecasts, By Application 7.4.6.4. Market estimates and forecasts, By Usage 7.4.7. Singapore 7.4.7.1. Market estimates and forecasts 7.4.7.2. Market estimates and forecasts, By Product Type 7.4.7.3. Market estimates and forecasts, By Application 7.4.7.4. Market estimates and forecasts, By Usage 7.5. Latin America 7.5.1. Market estimates and forecasts 7.5.2. Market estimates and forecasts, By Product Type 7.5.3. Market estimates and forecasts, By Application 7.5.4 Market estimates and forecasts, By Usage 7.5.5. Brazil 7.5.5.1. Market estimates and forecasts 7.5.5.2. Market estimates and forecasts, By Product Type 7.5.5.3. Market estimates and forecasts, By Application 7.5.5.4. Market estimates and forecasts, By Usage 7.6.5. Mexico 7.6.5.1. Market estimates and forecasts 7.6.5.2. Market estimates and forecasts, By Product Type 7.6.5.3. Market estimates and forecasts, By Application 7.6.5.4. Market estimates and forecasts, By Usage 7.7. Middle East & Africa 7.7.1. Market estimates and forecasts 7.7.2. Market estimates and forecasts, By Product Type 7.7.3. Market estimates and forecasts, By Application 7.7.4. Market estimates and forecasts, By Usage Chapter 8. Competitive Landscape 8.1. GW Pharmaceuticals, PLC 8.1.1. Company overview 8.1.2. Financial performance 8.1.3. Product benchmarking 8.1.4. Recent developments 8.2 Medical Marijuana, Inc. 8.2.1. Company overview 8.2.2. Financial performance 8.2.3. Product benchmarking 8.2.4. Recent developments 8.3. United Cannabis 8.3.1. Company overview 8.3.2. Financial performance 8.3.3. Product benchmarking 8.3.4. Recent developments 8.4. Cannabis Sativa, Inc. 8.4.1. Company overview 8.4.2. Financial performance 8.4.3. Product benchmarking 8.4.4. Recent developments 8.5. GreenGro Technologies 8.5.1. Company overview 8.5.2. Financial performance 8.5.3. Product benchmarking 8.5.4. Recent developments 8.6. Canopy Growth Corporation 8.6.1. Company overview 8.6.2. Financial performance 8.6.3. Product benchmarking 8.6.4. Recent developments 8.7. Canopy Growth Corporation 8.7.1. Company overview 8.7.2. Financial performance 8.7.3. Product benchmarking 8.7.4. Recent developments 8.8. GBSciences, Inc. 8.8.1. Company overview 8.8.2. Financial performance 8.8.3. Product benchmarking 8.8.4. Recent developments 8.9. Aurora Cannabis 8.9.1. Company overview 8.9.2. Financial performance 8.9.3. Product benchmarking 8.9.4. Recent developments 8.10. CannaGrow Holdings, Inc. 8.10.1. Company overview 8.10.2. Financial performance 8.10.3. Product benchmarking 8.10.4. Recent developments
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