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Cannabis Market Expected To Grow At A CAGR Of 21.3%, Overview From 2023 To 2030, Future Trends And Forecast

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the chopsticks Market reports provide detailed analysis of region market expansion, competitiveness, global and regional market size and growth analysis. It also provides recent developments such as market share, opportunity analysis, product launch, sales analysis, retail growth, market innovation, value chain improvement, and SWOT analysis. The latest market reports cover the current impact of COVID-19 on the market. This has brought about some changes in market conditions. The report covers early and forward-looking assessments of rapidly changing Hemp market scenarios and impacts.

Contrive Datum Insights analyzes that the chopsticks The market is growing at a compound annual growth rate of 21.3% In the projected period 2023-2030.

Get a full PDF version of the report:


Top companies in the global cannabis market:

Manitoba Harvest, Isodiol, Canopy Growth Corporation, CW Hemp/CW Botanicals, CV Sciences, Aphria, Jinzhou Qiaopai Biotech, Agropro, Nutiva, ENDOCA, Yishutang, Aos Products, North American Hemp & Grain Co, Naturally Splendid, Hempco, Yunnan Industrial Hemp Suyash Herbs, BAFA neu GmbH, GFR Ingredients Inc, Hemp Inc.

New developments:

Hemp Inc. announced announced the launch of a new cannabidiol (CBD) product called Diamonds under the King of Hemp product line. The products are derived from high-CBD, THC-free, golden-colored distillates taken directly from the hemp plant which includes a blend of valuable terpenes.

This report segments the global market based on types:

hemp seeds

hemp oil

hemp protein

Soft gel capsules

This report segments the global market based on applications:

Super Market



Regional Outlook: Regions covered in the market report are:

The Asia-Pacific region led the market and accounted for more than 32% of global revenue in 2021. Economies such as China, India, Japan, Korea, Australia, New Zealand and Thailand are actively involved in the production and consumption of the industry. Hemp and its products, such as fiber, seeds, wood, and oil. Increasing global demand for the products combined with advanced technologies and innovation are making harvesting easier for farmers, thus changing the face of hemp production in the region. Increased consumption of hemp-based food products and nutritional supplements in developing economies with an aging population is expected to drive the regional market during the forecast period.

North America is among the major consumers in the global market due to its many application industries. Moreover, disposable income levels of consumers, an aging population, and growing concerns regarding skin diseases and UV protection are expected to drive the demand for hemp oil in the personal care industry in the region. In Europe, the product is largely consumed in auto parts, building materials, textiles, and fabrics in the form of fibres. However, growing demand for hemp oil in the food, nutritional supplement, cosmetic and personal care markets is expected to drive the hemp seed market during the forecast period.

North Amarica (United States and Canada)

Europe (Germany, UK, France, Italy, Russia, Spain and Rest of Europe)

Asia Pacific (China, India, Japan, Australia, Southeast Asia, and the rest of Asia Pacific)

South america (Mexico, Brazil, Argentina, Colombia and the rest of South America)

Middle East and Africa (GCC countries, Egypt, Nigeria, South Africa, rest of the Middle East and Africa)

Market Size Estimation Year:

  • Historic years: 2017-2022
  • Base year: 2023
  • Forecast period: 2023-2030

Importance of the report that makes it worth buying:

– A broad and accurate understanding of the cannabis industry is presented in segmented form based on product types, applications, and regions.

– Cannabis industry drivers and challenges affecting industry growth are presented in this report.

Evaluating market competition and planning business strategies accordingly

– Understanding of the cannabis industry business plans, policies, technological developments and company profiles of major players.

table of contents:

Part 01: Executive summary

Part 02: Scope of the Cannabis Market Report

Part 03: Global Market View

Part 04: Global Cannabis Market Size

Part 05: Segmentation of the global market by product

Part 06: Five Forces Analysis

Part 07: Customer View

Part VIII: Geographical View

Part 09: Decision Framework

Part 10: Drivers and challenges

Part 11: Market Trends

Part 12: Vendor View

Part 13: Vendor Analysis

Buy this research report now –


Some of the key questions answered in this report:

What are the key factors driving the Hemp Market?

What was and what will be the size of the emerging market in 2030?

Which region is expected to have the highest market share in the market?

What are the trends, challenges and barriers that will impact the development and size of the global market?

What are the sales volume, revenue, and price analysis of the top manufacturers in the market?


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Grow guide for marijuana beginners.
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