Cannabis Capsule Market Size to Reach USD 150.51 Billion Globally with Growing CAGR of 22.5% by 2030
Global Cannabis Capsule Market is the most promising market research report which has been framed in the way foreseen. The industry report is generated based on the market type, size of the organization, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. All statistical and numerical data is interpreted in this market report with the use of established and advanced tools such as SWOT analysis and Porter’s Five Forces Analysis. The large scale Global Cannabis Capsule Market report helps uncover the general market conditions and tendencies.
Data Bridge Market Research analyses that the cannabis capsule market which was USD 28.0 billion in 2021, would rocket up to USD 108.14 billion by 2029, and is expected to undergo a CAGR of 18.40% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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According to the poll, nearly 13,400 physicians in Canada supplied prescriptions for an average of 2.1 grams of marijuana each day to patients. The growing number of scientific trials of cannabis-infused medications for various therapeutic areas, particularly the usage of cannabidiol, is boosting market growth. There were around 400 completed or continuing clinical trials as of June 2018. Clinical trials sponsored by GW Pharmaceuticals was 40, whereas clinical trials sponsored by sanofi was 38. Furthermore, the narrative among physicians about the benefits, as well as supporting clinical evidence, is leading to an increase in patient prescriptions for cannabis-infused medicines.
Cannabis Capsule Market Scenario
According to Data Bridge Market Research, the cannabis capsule market is witnessing a significant growth in developing economies during the forecast period due to improvement in analysis and advancement venture, the cannabis is designated for the medication of the abundance of well-being health such as restlessness, muscle contraction, persistent discomfort, and decrease vomiting and illness through chemotherapy. The therapeutic characteristics of cannabis, progressing the legalization of cannabis capsule will function as the possibility for market growth.
Drivers
- Advancements in research and development
Cannabis is now approved for the treatment of a variety of ailments, including restlessness, muscle tightness, persistent discomfort, and the reduction of vomiting and illness caused by chemotherapy. The majority of businesses are making rapid progress in their research into the potential of therapeutic cannabis and hemp.
- Cannabinol and tetrahydrocannabinol-modified edibles
CBD and THC-modified edibles are becoming increasingly popular throughout all permitted states. In addition, customers and investors are becoming more interested in infused drinks. The convoluted administrative process for cannabis acceptance can act as a roadblock to industry development. The therapeutic properties of cannabis, as well as the ongoing legalisation of cannabis capsules, will serve as opportunities for market expansion.
- Increasing legalization of cannabis
Medicinal cannabis accounts for a significant component of the cannabis industry. Australia, Canada, Chile, Colombia, Germany, Greece, Israel, Italy, the Netherlands, Peru, Poland, Portugal, Goa, and Uruguay are among the countries that have allowed the use of cannabis for therapeutic purposes. Consumers in cannabis-legalized states in the United States are often over the age of 50. This demographic profile is predicted to raise cannabis demand in the country due to a higher likelihood of chronic diseases after 50 years of age and the effectiveness of cannabis in treating such conditions. Symptoms and conditions that can be treated by cannabis, according to the US Government Accountability Office (under State Medical Marijuana Laws), include anorexia, HIV-AIDS, glaucoma, cancer, arthritis, epilepsy, nausea, pain, cachexia, Crohn’s disease, Alzheimer’s disease, migraines, multiple sclerosis, spasticity, and wasting syndrome. Cannabis’ popularity and demand are projected to rise in the future as a result of ongoing research and standardisation of products for medicinal uses.
Recent Development
- In March 2021 – STADA Arzneimittel AG, a leading German pharmaceutical company, has entered the medical cannabis market with an agreement with MediPharm Labs, a Canadian startup, to launch two flower products and perhaps six more.
- In May 2021- TCV Sciences, Inc. announced the launch of PLUSCBDTM calm and sleep gummies, two tasty candies that help individuals go back to their normal routines by supporting healthy stress responses and sleep cycles.
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Some of the major players operating in the cannabis capsule market are:
- Joy Organics (U.S)
- CBD istillery (U.S)
- Gaia Botanicals (U.S)
- Harmony (U.S)
- Floyd’s of Leadville (U.S)
- Lazarus Naturals (U.S)
- cbdMD (U.S)
- Pure Hemp Botanicals (U.S)
- ENDOCA(Netherlands)
- Green Roads (U.S)
- Tilray (U.S)
- Canopy Growth Corp. (Canada)
- GW Pharmaceuticals PLC (U.K)
- Aurora Cannabis (Canada)
- Aphria Inc. (Canada)
- CV sciences Inc. (U.S)
Report Scope and Market Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 – 2019) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Product (High THC Capsule, THC/CBD Balanced Capsules, High CBD Capsules Digital), Compound (Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant), Application (Medical, Recreational), End User (Hospital Pharmacies, Retail Pharmacies, Drug Stores, Online Sales) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | Joy Organics (U.S), CBD istillery (U.S), Gaia Botanicals (U.S), Harmony (U.S), Floyd’s of Leadville (U.S), Lazarus Naturals (U.S), cbd MD (U.S), Pure Hemp Botanicals (U.S), ENDOCA(Netherlands), Green Roads (U.S), Tilray (U.S), Canopy Growth Corp. (Canada), GW Pharmaceuticals PLC (U.K), Aurora Cannabis (Canada), Aphria Inc. (Canada), CV sciences Inc. (U.S) |
| Market Opportunities |
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Fundamental Aim of this Market Report
In the Industry, every company has goals, but this report focuses in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
Browse the complete table of contents at – https://www.databridgemarketresearch.com/toc/?dbmr=global-cannabis-capsule-market&Shri
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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