The Cannabis Capsule Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cannabis Capsule Global Market Report 2024, The cannabis capsule market size is expected to see rapid growth in the next few years. It will grow to $79.20 billion in 2028 at a compound annual growth rate (CAGR) of 19.6%. The growth in the forecast period can be attributed to increasing neurological disorders, increasing legalization, and growing consumer preferences. Major trends in the forecast period include product innovations, strategic partnerships, and technological advancements.
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.
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The cannabis capsule market covered in this report is segmented –
1) Cannabis Capsule Market By Type: High Tetrahydrocannabinol Capsules, Tetrahydrocannabinol Or Cannabinol Balance Capsule, High Cannabinol Capsules
2) Cannabis Capsule Market By Compound: Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant
3) Cannabis Capsule Market By End User: Hospital Pharmacies, Retail Pharmacies, Drug Stores, Online Sales
Top Major Players
GW Pharmaceuticals PLC
Trulieve Cannabis Corp.
Green Thumb Industries Inc.
Tilray Inc.
Columbia Care Inc.
Major companies operating in the cannabis capsule market are focused on introducing innovative solutions, such as oral cannabis capsules, to gain a competitive edge in the market. An oral cannabis capsule is a form of cannabis consumption that involves encapsulating cannabis compounds, such as oil and decarboxylated flower, into pill form. For instance, in January 2023, Holistic Industries, a US-based organic medical cannabis company, launched CANNACEUTICA in the USA, the first oral cannabis capsule with dosing guidelines specifically formulated for and studied by people who suffer from chronic pain. It is a first-of-its-kind product and an alternative to opioids, with evidence and easy dosing guidelines. The oral cannabis pill comes with an Easy Dose Chart and easy dosing guidelines in each bottle to assist users in finding the optimal dose. The recommended starting dose is 2.5 milligrams of THC (Tetrahydrocannabinol).
The cannabis capsule market report table of contents includes:
1. Executive Summary
2. Cannabis Capsule Market Characteristics
3. Cannabis Capsule Market Trends And Strategies
4. Cannabis Capsule Market – Macro Economic Scenario
5. Global Cannabis Capsule Market Size and Growth
…..
32. Global Cannabis Capsule Market Competitive Benchmarking
33. Global Cannabis Capsule Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cannabis Capsule Market
35. Cannabis Capsule Market Future Outlook and Potential Analysis
36. Appendix
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