The global cannabis indica oil market size was worth around USD 1,395.90 million in 2023 and is predicted to grow to around USD 3,221.70 million by 2032 with a compound annual growth rate (CAGR) of roughly 9.86% between 2024 and 2032.
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The report provides global and regional forecasts and analyses of the cannabis indica oil market. The research report provides a thorough analysis of the market, including market valuation, competition, opportunities, emerging trends, and industry-validated figures. The research offers historical data from 2028 to 2022, as well as a forecast from 2024 to 2032, based on revenue (USD Million) and volume (Million tonnes).
The global cannabis indica oil market is anticipated to have a significant future due to a variety of factors that are propelling market growth during the forecast period. The global cannabis indica oil market is expected to experience a double-digit compound annual growth rate (CAGR) during the forecast period. The leaves of the cannabis indica plant are used to extract the Cannabis Indica oil, which contains the highest concentration of THC (Tetrahydrocannabinol). This oil has a variety of applications in the medical and recreational sectors. Government intervention, which is resulting in the legalisation of cannabis indica oil in numerous locations worldwide, is one of the primary factors driving the market’s growth. Health and medicinal benefits, including pain relief, are prospective benefits of cannabis indicas oil.
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The Global Cannabis Indica Oil Market is segmented based on product, application and region
Global Cannabis Indica Oil Market: Product Segment Analysis
● Organic Cannabis Oil
● Non-organic Cannabis Oil
Global Cannabis Indica Oil Market: Application Segment Analysis
● Medical Purposes
● Recreational Drugs
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The Global Cannabis Indica Oil market profiles key players such as:
● Select Oil
● I.N.D. Concentrates
● Canopy Growth Corporation
● Aphria
● Emblem Cannabis Oils
● Whistler
● The Lab
● Absolute Terps
The USA, Europe, and Canada are the major countries that have maximum production of cannabis oil. Out of this Canada is the largest producer of cannabis oil as per the industry sources.
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