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Marijuana Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71020
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The marijuana market has the potential to grow by USD 28.72 billion during 2020-2025, and the market’s growth momentum will accelerate at a CAGR of 22.54%.

This marijuana market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (medical marijuana and recreational marijuana) and geography (North America, Europe, APAC, South America, and MEA). The marijuana market report also offers information on several market vendors, including Aurora Cannabis Inc., Bhang Corp., Canopy Growth Corp., Jazz Pharmaceuticals Plc, Lexaria Bioscience Corp., Medical Marijuana Inc., MM Enterprises USA LLC, Tikun Olam, Tilray Inc., and VIVO Cannabis Inc. among others.

What will the Marijuana Market Size be in 2021?

Marijuana-Market-Market-Size-2020-2025

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Marijuana Market: Key Drivers and Trends

The rising number of countries decriminalizing and legalizing marijuana is notably driving the marijuana market growth, although factors such as lack of funding and investment may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the marijuana industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This marijuana market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Marijuana Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aurora Cannabis Inc.
  • Bhang Corp.
  • Canopy Growth Corp.
  • Jazz Pharmaceuticals Plc
  • Lexaria Bioscience Corp.
  • Medical Marijuana Inc.
  • MM Enterprises USA LLC
  • Tikun Olam
  • Tilray Inc.
  • VIVO Cannabis Inc.

 

The vendor landscape of the marijuana market entails successful business strategies deployed by the vendors. The marijuana market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the marijuana market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Marijuana Market?

Marijuana-Market-Market-Share-by-Region-2020-2025

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90% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for marijuana in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The health benefits of medical marijuana will facilitate the marijuana market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Product Segments in the Marijuana Market?

Marijuana-Market-Market-Share-by-Product-2020-2025

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The marijuana market share growth by the medical marijuana segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the marijuana market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Marijuana Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 22.54%

Market growth 2021-2025

$ 28.72 billion

Market structure

Fragmented

YoY growth (%)

20.25

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 90%

Key consumer countries

US, Canada, Germany, UK, and Australia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aurora Cannabis Inc., Bhang Corp., Canopy Growth Corp., Jazz Pharmaceuticals Plc, Lexaria Bioscience Corp., Medical Marijuana Inc., MM Enterprises USA LLC, Tikun Olam, Tilray Inc., and VIVO Cannabis Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Marijuana Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cannabis market growth during the next five years
  • Precise estimation of the cannabis market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the marijuana market across North America, Europe, APAC, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cannabis market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Medical marijuana - Market size and forecast 2020-2025
    • Recreational marijuana - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Aurora Cannabis Inc.
      • Bhang Corp.
      • Canopy Growth Corp.
      • Jazz Pharmaceuticals Plc
      • Lexaria Bioscience Corp.
      • Medical Marijuana Inc.
      • MM Enterprises USA LLC
      • Tikun Olam
      • Tilray Inc.
      • VIVO Cannabis Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Marijuana market growth will increase by $28719.87 million during 2020-2025.
      The marijuana market is expected to grow at a CAGR of 22.54% during 2020-2025.
      Technavio has segmented the marijuana market by product (Medical marijuana and Recreational marijuana) and geographic (North America, Europe, APAC, South America, and MEA).
      Aurora Cannabis Inc., Bhang Corp., Canopy Growth Corp., Jazz Pharmaceuticals Plc, Lexaria Bioscience Corp., Medical Marijuana Inc., MM Enterprises USA LLC, Tikun Olam, Tilray Inc., VIVO Cannabis Inc. are a few of the key vendors in the marijuana market.
      North America will register the highest growth rate of 90.33% among the other regions. Therefore, the marijuana market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Canada
      • Germany
      • UK
      • Australia
      The key factors driving the marijuana market growth are:
      • Increasing legalization of marijuana
      The marijuana market vendors should focus on grabbing business opportunities from the medical marijuana segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Detailed vendors report with competitive landscape
      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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