Overview and Scope
A cannabis capsule, or marijuana pill, refers to a psychoactive substance that contains single cannabinoids, such as THC (tetrahydrocannabinol), CBD (cannabidiol), or the full spectrum of compounds present in the source cannabis plant. It is used for both medical and recreational purposes, including relief from restlessness, muscle contractions, and chronic discomfort, as well as a reduction in vomiting and illness caused by chemotherapy.
Sizing and Forecast
The canabis capsule market size has grown exponentially in recent years. It will grow from $31.96 billion in 2023 to $38.75 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to advancements in research and development, increased medical requirements, and growth in research and developments.
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The cannabis capsule market covered in this report is segmented –
1) By Type: High Tetrahydrocannabinol Capsules, Tetrahydrocannabinol Or Cannabinol Balance Capsule, High Cannabinol Capsules
2) By Compound: Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant
3) By End User: Hospital Pharmacies, Retail Pharmacies, Drug Stores, Online Sales
North America was the largest region in the cannabis capsule market in 2023. The regions covered in the cannabis capsule market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing number of neurological disorders is expected to propel the growth of the cannabis capsule market going forward. Neurological disorder refers to a medical condition affecting the central and peripheral nervous systems. It affects not just the spinal cord’s and body’s nerves but also the brain. Compounds found in cannabis capsules, such as cannabidiol (CBD), have potential beneficial effects for neurological disorders, as they are used to prevent the development of social recognition memory deficits in conditions such as Alzheimer’s disease. For instance, in October 2022, according to the Centers for Disease Control and Prevention, a US-based federal agency, up to 5.8 million Americans suffered from Alzheimer’s disease in 2020, and this population is expected to almost triple to 14 million by 2060. Therefore, the increasing number of neurological disorders is driving the growth of the cannabis capsule market.
Key Industry Players
Major companies operating in the cannabis capsule market report are GW Pharmaceuticals PLC, Trulieve Cannabis Corp., Green Thumb Industries Inc., Tilray Inc., Columbia Care Inc., Aphria Inc., Curaleaf Holdings Inc., Canopy Growth Corporation, Cresco Labs Inc., Aurora Cannabis Inc., Organigram Holdings Inc., Harvest Health & Recreation Inc., Cronos Group Inc., TerrAscend Corp., Vireo Health International Inc., Charlotte’s Web Holdings Inc., The Valens Company Inc., Acreage Holdings Inc., Neptune Wellness Solutions Inc., CannTrust Holdings Inc., Valens Company Inc., HEXO Corp., Cann Group Limited, Plus Products Inc., Heritage Cannabis Holdings Corp., PharmaCielo Ltd., MediPharm Labs Corp., Sundial Growers Inc., MedReleaf Corp. , Wana Brands
The cannabis capsule market report table of contents includes:
1. Executive Summary
2. cannabis capsule Characteristics
3. cannabis capsule Trends And Strategies
4. cannabis capsule – Macro Economic Scenario
5. Global cannabis capsule Size and Growth
…..
32. Global cannabis capsule Competitive Benchmarking
33. Global cannabis capsule Competitive Dashboard
34. Key Mergers And Acquisitions In The cannabis capsule
35. cannabis capsule Future Outlook and Potential Analysis
36. Appendix
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