Cannabis extract market seen reaching $30.83 billion by 2030

The Business Research Company says the cannabis extract market will grow from $12.6 billion in 2025 to $30.83 billion by 2030, driven by legalization, wellness demand and broader pharmaceutical use. North America held the biggest share in 2025, and the report points to tighter quality control and more standardized extraction methods ahead.

Why it matters: - Cannabis extracts are moving from niche wellness products into broader pharmaceutical, cosmetic and personal care uses. - The forecast points to sustained double-digit growth, signaling continued investment in extraction capacity, product development and regulated supply chains. - Rising demand is tied to larger healthcare needs, including symptom management for cancer patients.

What happened: - The Business Research Company released its Cannabis Extract Market Report 2026 – Market Size, Trends, And Global Forecast 2026-2035. - The report estimates the cannabis extract market will rise from $12.6 billion in 2025 to $15.13 billion in 2026. - The report projects the market will reach $30.83 billion by 2030. - The company projects a 20.1% CAGR for 2025-2026 and a 19.5% CAGR through 2030. - North America held the largest share of the global cannabis extract market in 2025. - The report covers Asia-Pacific, Southeast Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa. - A free sample is available here. - The full report is available here.

The details: - The report links historic growth to legalization of hemp-derived products, stronger demand for natural therapeutic options, higher CBD oil production, wider use in cosmetics and improved commercial extraction technology. - Future growth drivers include more pharmaceutical applications, investment in GMP-compliant extraction facilities, expansion of regulated cannabis markets, demand for purified extracts and wider use in wellness and personal care. - Expected trends include more full-spectrum extracts, broader pharmaceutical adoption, wider cosmetic and wellness use, standardized extraction methods and stricter quality control and traceability. - The report defines cannabis extract primarily as cannabidiol, or CBD, derived from the cannabis plant. - Manufacturers commonly use cannabis extract in oil form in products such as creams and lotions. - Consumers use CBD extract as a natural remedy for health conditions and symptom relief. - The report says rising cancer incidence is one of the main growth drivers for cannabis extract demand. - Cannabis extract is described as helping cancer patients manage neuropathy, nausea, pain, vomiting, appetite loss and weight loss. - The report says cannabis extract may also affect cancer progression by promoting autophagy and modulating signaling pathways involved in apoptosis. - The National Institutes of Health forecasted in May 2024 that the United States would see about 2,001,140 new cancer cases and 611,720 deaths in 2024. - The Business Research Company says its 2026 reports now include market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based dashboards, market hotspots infographics, and updated technology and trend analysis.

Between the lines: - The forecast suggests cannabis extract is becoming more mainstream as regulation opens new legal channels and product categories. - The emphasis on GMP compliance, traceability and standardization points to a market shifting from growth-at-any-cost toward industrial scale and tighter oversight. - North America’s lead indicates the biggest near-term opportunities may remain in markets with mature regulation and infrastructure.

What's next: - The report points to stronger pharmaceutical demand, more regulated market expansion and continued growth in wellness and personal care uses. - Product makers and investors will likely focus on higher-purity extracts, standardized methods and compliant facilities as the market matures. - Regional competition will broaden as other markets develop beyond North America.

The bottom line: - Cannabis extract is on track to become a much larger, more regulated global market, with growth increasingly tied to medical use, product quality and scalable extraction infrastructure.