1. Market Research
  2. > Leisure
  3. > Recreational Activity
  4. > Marijuana Market Trends
Recreational Cannabis Market: Segmented By Product Type : By Compound : By Application, and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030

Recreational Cannabis Market: Segmented By Product Type : By Compound : By Application, and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030

  • January 2022
  • 179 pages
  • ID: 6192041
  • Format: PDF
  • Fatpos Global Pvt. Ltd.

Summary

Table of Contents


Product Overview
Recreational marijuana use includes the use of cannabis for personal enjoyment and not for health purposes. Recreational marijuana use can be compared to medical marijuana use, where cannabis is prescribed to control the symptoms of some diseases. If it is believed to have no negative health effects, it is important to remember that inhaling smoke is always harmful. Marijuana has also been linked to cognitive problems, breathing problems, cancer, and other potential health problems. In the short term, marijuana can affect health. Thinking and problem-solving skills, coordination, reaction time, judgment, memory, mood, long-term, regular use can lead to memory loss, learning and thinking problems, changes in brain structure, problems at work or school.

Market Highlights
Recreational Cannabis Market is predicted to project a notable CAGR of XX.X% in 2030.
The Recreational Cannabis Market to surpass USD XXXX billion by 2030 from USD XXXX billion in 2020 at a CAGR of XX.X% within the coming years, i.e., 2020-30. The recreational Cannabis Market is expected to see rapid growth over the forecast period. This growth is mainly attributed to the growth in user numbers after legalization and the growing trend towards using marijuana as an alcohol substitute. Marijuana for the relief of pain in various health conditions such as cancer, AIDS, seizures, and other diseases; and the growing medical marijuana research around the world.

Recent News and Developments:
In June 2021, Aurora Cannabis Inc. the Canadian company defining the future of cannabinoids worldwide announced that it has completed the restructuring of its balance sheet.
In December 2020, Canopy Growth Corporation announced a series of Canadian operational changes designed to streamline its operations and further improve margins. Canopy Growth will cease operations at the following sites: St. John’s, Newfoundland and Labrador; Fredericton, New Brunswick; Edmonton, Alberta; Bowmanville, Ontario
Recreational Cannabis Market: Segments
Flowers segment to grow with the highest CAGR during 2020-30
Recreational Cannabis Market is segmented by Product Type into Flowers, Buds, and Concentrates. The Flowers segment is anticipated to boom the Recreational Cannabis Market. In 2020, the Flowers product type segment has registered for the highest share of sales due to the low price and easy accessibility of flowers compared to other products. With its rich medicinal properties and growing patient population, governments in many countries are decriminalizing or decriminalizing by authorizing its use, which is intended to fuel the growth of the Flowers segment in the Recreational Cannabis Market.
Chronic Pain segment to grow with the highest CAGR during 2020-30
Recreational Cannabis Market is segmented by Application into Chronic Pain, Mental Disorders, Cancer, Others. The chronic pain segment has had a significant share of the market as awareness and social acceptance of the non-medicinal use of cannabis has increased due to its legalization, and the mental disorders segment is estimated to see the fastest growth in recreational cannabis use. Recreational Cannabis Market over the forecast period due to the increasing patient population suffering from stress and anxiety.
Market Dynamics
Drivers
Legalization of non-medical cannabis
The legalization of non-medicinal cannabis has allowed people to practice the safe use of substances and realize their medicinal benefits. As a result, many countries are gradually legalizing the use of cannabis around the world. While most of the countries in the world haven’t legalized it yet. Recreational use of cannabis, the focus on use and sale has loosened over the years, resulting in a growing popularity of cannabis use in different regions, which has fueled the growth of the Recreational Cannabis Market in general. The recreational segment dominated the market due to the high demand and consumption of cannabis for recreational purposes, so recreational use legalization has enormous potential to be transformed into a large Recreational Cannabis Market.
Increased Sale for recreational cannabis
The use of highly potent cannabis, which contains high levels of THC and low levels of CBD, has been linked to negative health outcomes, especially among adolescents and young adults are promptly driving Recreational Cannabis Market. In addition, these jurisdictions have seen increases in cannabis use and emergency treatments related to cannabis, while risk perceptions related to cannabis use in these populations have decreased.
Restraints

Lower Cost to restraint the market
The lower fees and costs of running a recreational marijuana business would plunge the medical marijuana industry into the abyss. The low cost of recreational cannabis is seen as an obstacle to the growth of the Recreational Cannabis Market.

COVID-19 Impact on the Recreational Cannabis Market
The world is facing an unprecedented challenge due to the COVID19 pandemic: Several companies have closed their production and sales units due to the closure; These manufacturing facilities have moved into hand sanitizer, PPE equipment, and mask manufacturing to meet the high front-line demand. Workers and common people. The world’s largest pressure cooker manufacturer, Hawkins, based in India, was hit by the virus, which had a negative impact on market growth.
Recreational Cannabis Market:

Key Players
VIVO Cannabis Inc.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Aurora Cannabis
Canopy Growth Corporation
Maricann Group, Inc.
Aphria, Inc.
Tilray
The Cronos Group
ABcann Medicinals, Inc.
Lexaria Corp.
Organigram Holding, Inc.
Recreational Cannabis Market.: Regions
The Recreational Cannabis Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. North America is expected to dominate the market in the coming years. The legal cannabis market in North America reached $ 16 billion in 2020. The legal landscape is giving way to the decriminalization and full legalization of cannabis and is thus gaining in importance for recreational purposes. America’s growing recreational marijuana industry has grown faster than the life science sector as a whole.

Recreational Cannabis Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – China, Japan, India, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – South Africa and Rest of MENA

Recreational Cannabis Market report also contains analysis on:
By Product Type
Flowers
Buds
Concentrates
By Compound
THC-dominant
CBD-dominant
Balanced THC & CBD
By Application
Chronic Pain
Mental Disorders
Cancer
Others
Recreational Cannabis Market Dynamics
Recreational Cannabis Market Size
Supply & Demand
Current Trends/Issues/Challenges

Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Recreational Cannabis Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2020 USD XXXX billion
Revenue forecast in 2030 USD XXXX billion
Growth Rate CAGR of XX.X% from 2021 to 2030
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Product Type, Compound, Application, and Region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
Key companies profiled VIVO Cannabis, Aurora Cannabis, Canopy Growth Corporation, Maricann Group, Inc., Aphria, Inc., Tilray, The Cronos Group, ABcann Medicinals, Inc., Lexaria Corp., Organigram Holding, Inc.
Frequently Asked Questions
How large is the Recreational Cannabis Market?
Which segment is projected to bolster the Market share in the future?
Which regional market is highly dominating Recreational Cannabis Market?
What are the factors driving the Recreational Cannabis Market?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Cannabis Edible Foods market outlook to 2030- A roadmap to market opportunities, strategies, trends, companies, and forecasts by type, application, companies, countries

  • $ 4250
  • May 2022
  • 140 pages

The Global Cannabis Edible Foods market outlook report presents a roadmap of the Cannabis Edible Foods industry with information on key market opportunities, potential market trends, key strategies, and ...

  • World
  • APAC
  • Marijuana
  • Industry analysis
  • Food Consumption

ref:plp2021

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on