Cannabis Extract Market Outlook:
Cannabis Extract Market size was valued at USD 5.99 billion in 2025 and is set to exceed USD 36.17 billion by 2035, registering over 19.7% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of cannabis extract is estimated at USD 7.05 billion.
The growth of the market is driven by the gradual legalization of cannabis in many parts of the world, thereby reducing stigma associated with cannabis use. Many countries are legalizing cannabis to eradicate the illicit procurement, increase tax revenue, lower gang-related drug violence, and enhance overall safety. According to the World Health Organization (WHO) records, about 147 million population consume cannabis products and the number has significantly increased over the years in developed economies including North America, Australia, and Western Europe. This has also resulted in increasing cultivation of cannabis and development of new products, thus opening new avenues for key players.
