Cannabis Concentrate Market – 2019-2025
Market Overview
In the cannabis industry, Cannabis Concentrate refers to the process by which the most potent compounds of the plant are either extracted or concentrated. It essentially means removing the oils found in the trichomes of the plant which results in a highly concentrated and potent form of THC and other cannabinoids. The two main compounds are tetrahydrocannabinol (THC) and cannabidiol (CBD). While the former is linked to the psychotic effects, the latter, CBD oil is used to treat both epilepsy and pain.
Extraction is a common process that is performed for a variety of reasons ranging from increasing the medical benefits of the plant to producing a stronger recreational product. There are a variety of methods that can be used to separate cannabinoids from the plant and to concentrate them into the cannabis extract. CO2, ethanol, alcohol, butane, and water can be used as solvents to complete the removal process and to deliver a strong end product. This can be used to either dab or vape. The concentrates extracted by this method are highly potent and are commonly used in medical marijuana.
The report focuses on the Cannabis Concentrate in the global market, focusing on North America, Europe and Asia-Pacific, South America, Middle East, and Africa. It describes the Cannabis Concentrate product scope, market overview, the market opportunities, market driving force and the market risks associated with the product. The top manufacturers are also profiled along with the price, sales, revenue and market share of the global Cannabis Concentrate industry in 2017 and 2018. The market is categorized on the basis of manufacturers, regions, types, and applications.
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Segmentation
Extraction of concentrated cannabis is a very complicated process and is best attempted professionally, of which butane extraction is the most dangerous because of the presence of highly flammable butane gas. The market split for Cannabis Concentrate can be split into two major segments based on the type of extraction and the applications it can be used for.
Market segment by type covers solvent and solventless extraction:
- Dry-sieve Extraction (Solvent-less)
- Water Extraction (Solvent-less)
- Rosin Press Extraction (Solvent-less)
- Isopropyl Oil or Quick-Wash ISO Extraction (Solvent)
- Butane Honey Oil Extraction (BHO)
- Supercritical Co2 Oil Extraction (Solvent)
- Ethanol Extraction (Solvent)
Market segment based on applications:
- Food
- Medicine
- Cosmetics
- Others
Regional overview
This report focuses on the Cannabis Concentrate in the global market, especially in the regions of North America, Europe and Asia-Pacific, South America, Middle East, and Africa. The Cannabis Concentrate competitive situation, sales, revenue and global market shares of the companies are analyzed by landscape contrast. The Cannabis Concentrate breakdown data is shown at the regional level to the sales, revenue, and growth by regions from the years 2014 to 2019. The sales data at the country level along with sales, revenue and market shares for key countries from the year 2014 to the year 2019. The Cannabis Concentrate market is also forecast from the years 2019-2024 with respect to regions, type, and application, with sales and revenue.
Industry news
In a historic first step towards the normalization of the cannabis industry, the House of Representatives voted to pass the SAFE banking act. This bill allows state-legal marijuana businesses full access to banks and other financial services and while allowing consumers to use debit and credit cards for the purchase of legal weed.
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