Cannabis and Hemp Market Predicted to Attain USD 85.0 Billion at a 13.0% CAGR by 2035

WiseGuy Reports, Sept. 2025 (Press Release) – The Cannabis and Hemp Market Global Outlook:

Cannabis and Hemp Market Size, Share & Industry Analysis By Application (Medicinal, Recreational, Industrial, Cosmetics, Nutraceuticals), By Product Type (Cannabis Flower, Edibles, Concentrates, Tinctures, Topicals), By Source (Cannabis Sativa, Cannabis Indica, Hemp), By Distribution Channel (Online, Retail Stores, Dispensaries) and Regional Forecasts, 2025-2035

Key Profits for Cannabis and Hemp Market Industry Top Members and Stakeholders:

1. The Cannabis and Hemp Market report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period.

2. Which regulatory trends at corporate-level, business-level, and functional-level strategies.

3. Which are the End-User technologies being used to capture new revenue streams in the near future.

4. The competitive landscape comprises share of key players, new developments, and strategies in the last three years.

5. One can increase a thorough grasp of Cannabis and Hemp Market dynamics by looking at prices as well as the actions of producers and users.

6 Comprehensive companies offering products, relevant financial information, recent developments, various Industry analysis methods, and strategies by these top players. 

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The Cannabis and Hemp Market is witnessing unprecedented growth as regulatory changes, increasing consumer demand, and technological innovations drive the adoption of cannabis-derived products across healthcare, wellness, and industrial applications. Valued at USD 22.1 billion in 2024, the market is projected to reach USD 25.0 billion in 2025 and is expected to expand to USD 85.0 billion by 2035, reflecting a strong CAGR of 13.0% from 2025 to 2035.

For B2B stakeholders—including pharmaceutical companies, wellness brands, industrial manufacturers, and e-commerce platforms—the Cannabis and Hemp Market offers strategic opportunities for expansion, product diversification, and technological collaboration.

Key Market Drivers

The growth of the Cannabis and Hemp Market is being propelled by several factors:

• Regulatory changes across North America, Europe, and APAC enabling legal production and sale of cannabis and hemp products.
• Increasing consumer demand for CBD oils, edibles, topicals, and therapeutic solutions.
• CBD product growth in health, wellness, and nutraceutical segments.
• Investment in research to explore therapeutic benefits, novel formulations, and industrial applications.
• E-commerce expansion, facilitating global reach and convenient access to cannabis and hemp products.

These dynamics underscore the evolving opportunities for B2B players to integrate cannabis and hemp solutions into mainstream health, wellness, and industrial portfolios.

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Market Segmentation

The Cannabis and Hemp Market is segmented to target diverse applications and end-user requirements:

• Application: Therapeutics, wellness products, cosmetics, nutraceuticals, industrial use.
• Product Type: CBD oils, edibles, beverages, topicals, hemp fibers, seeds, and extracts.
• Source: Cannabis-derived, hemp-derived.
• Distribution Channel: Retail stores, online platforms, pharmacies, specialty distributors.
• Regional: North America, Europe, APAC, South America, MEA.

Segment-specific strategies allow companies to address regulatory compliance, consumer preferences, and emerging applications.

Regional Insights

• North America: Dominates the Cannabis and Hemp Market due to mature legal frameworks, strong R&D investment, and widespread consumer acceptance.
• Europe: Growth driven by regulatory reforms in Germany, UK, and France, along with expanding CBD and wellness markets.
• APAC: Rapid adoption in China, India, and Japan, fueled by industrial hemp applications and increasing wellness product demand.
• South America: Brazil, Mexico, and Argentina emerging as key markets for medical cannabis and CBD products.
• MEA: GCC countries and South Africa gradually opening legal frameworks, creating new market opportunities.

These regional variations highlight the need for market-specific strategies and localized regulatory navigation for B2B companies.

Competitive Landscape

The Cannabis and Hemp Market is competitive, featuring both multinational corporations and regional innovators. Key companies profiled include Trulieve, HEXO Corp, Aurora Cannabis, Aphria, Cronos Group, American Cannabis Company, GW Pharmaceuticals, Canopy Growth, Cresco Labs, Green Thumb Industries, Tilray, Harvest Health & Recreation, Organigram, Innovative Industrial Properties, Curaleaf, and MediPharm Labs.

These players focus on strategic partnerships, product innovation, geographic expansion, and investment in R&D to strengthen market presence and diversify offerings.

Market Opportunities

The Cannabis and Hemp Market offers significant growth potential for B2B stakeholders:

• Expansion of legal markets, opening new avenues for pharmaceutical, wellness, and industrial products.
• Rising demand for CBD products in therapeutics, nutraceuticals, and personal care.
• Innovative health and wellness applications, including sleep aids, stress relief, and cognitive wellness products.
• Hemp-based sustainable materials, offering eco-friendly alternatives in textiles, packaging, and construction.
• Growing awareness of therapeutic benefits, supporting mainstream adoption and investor confidence.

These opportunities emphasize the value for businesses to invest in product innovation, market education, and digital sales channels.

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Reasons To Buy The Cannabis and Hemp Market Report:

➼ In-depth analysis of the Cannabis and Hemp Market on the global and regional levels.

➼ Major changes in market dynamics and competitive landscape.

➼ Segmentation on the basis of type, application, geography, and others.

➼ Historical and future market research in terms of size, share growth, volume, and sales.

➼ Major changes and assessment in market dynamics and developments.

➼ Emerging key segments and regions

➼ Key business strategies by major market players and their key methods

Avail This Cannabis and Hemp Market Language Pages Here:

大麻と麻の市場規模 | Marktanteile von Cannabis und Hanf | Analyse du marché du cannabis et du chanvre | 대마 및 대마 시장 분석 | 大麻和汉麻市场概览 | Tendencias del mercado del cannabis y el cáñamo

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