According to our latest research, the global cannabis extract market size reached USD 11.8 billion in 2024, driven by increasing legalization, expanding applications, and rising consumer acceptance. The market is projected to grow at a robust CAGR of 18.2% during the forecast period, with the market size expected to reach USD 54.7 billion by 2033. This remarkable growth trajectory is primarily fueled by the rising demand for cannabis-based products in both medical and recreational sectors, as well as ongoing advancements in extraction technologies and product formulations. As per the latest research, the cannabis extract market is experiencing dynamic expansion across multiple segments, reflecting evolving consumer preferences and regulatory shifts worldwide.
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