Dublin, April 23, 2024 (GLOBE NEWSWIRE) -- The "Cannabis Capsule Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The cannabis 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 cannabis capsule market size is expected to see rapid growth in the next few years. It will grow to $79.2 billion in 2028 at a compound annual growth rate (CAGR) of 19.6%.
The growth observed in the historical period can be attributed to various factors, including advancements in research and development within the cannabis industry, increased medical requirements driving the demand for cannabis-based products, and overall growth in research and development activities focused on cannabis capsules. 
North America was the largest region in the cannabis capsule market in 2023. The countries covered in the cannabis capsule market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The anticipated growth in the forecast period can be attributed to various factors, including an increase in neurological disorders leading to a higher demand for cannabis-based treatments, the ongoing legalization of cannabis in various regions, and a growing preference among consumers for cannabis capsules. Key trends expected in the forecast period encompass product innovations in the cannabis capsule market, strategic partnerships between industry players, and ongoing technological advancements in the development and manufacturing of cannabis-based pharmaceuticals.
The surging prevalence of neurological disorders is anticipated to propel the expansion of the cannabis capsule market in the foreseeable future. Neurological disorders encompass a spectrum of medical conditions affecting the central and peripheral nervous systems, including the brain and spinal cord. Compounds present in cannabis capsules, notably cannabidiol (CBD), demonstrate promising therapeutic potential for alleviating symptoms associated with neurological disorders, such as Alzheimer's disease, by mitigating social recognition memory deficits.
Leading entities in the cannabis capsule market are strategically focusing on introducing innovative solutions, including oral cannabis capsules, to strengthen their competitive foothold in the industry. Oral cannabis capsules represent a convenient and discreet form of cannabis consumption, wherein cannabis compounds such as oils and decarboxylated flowers are encapsulated into pill form.
For instance, in January 2023, Holistic Industries, a prominent organic medical cannabis company based in the United States, unveiled CANNACEUTICA in the USA - an oral cannabis capsule tailored with dosing guidelines specifically designed for individuals grappling with chronic pain. As a groundbreaking product, CANNACEUTICA offers an opioid alternative supported by evidence-based dosing guidelines and an Easy Dose Chart included in each bottle to facilitate users in determining the optimal dosage.
Cannabis Capsule Market Competitive Landscape And Company Profiles
- GW Pharmaceuticals PLC
- Trulieve Cannabis Corp.
- Green Thumb Industries Inc.
- Tilray Inc.
- Columbia Care Inc.
Cannabis Capsule Market Other Major And Innovative Companies
- 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.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $38.75 Billion |
| Forecasted Market Value (USD) by 2028 | $79.2 Billion |
| Compound Annual Growth Rate | 19.6% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Cannabis Capsule Market Characteristics
3. Cannabis Capsule Market Trends And Strategies
4. Cannabis Capsule Market - Macro Economic Scenario
4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market
5. Global Cannabis Capsule Market Size and Growth
5.1. Global Cannabis Capsule Market Drivers and Restraints
5.1.1. Drivers Of The Market
5.1.2. Restraints Of The Market
5.2. Global Cannabis Capsule Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Cannabis Capsule Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Cannabis Capsule Market Segmentation
6.1. Global Cannabis Capsule Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- High Tetrahydrocannabinol Capsules
- Tetrahydrocannabinol Or Cannabinol Balance Capsule
- High Cannabinol Capsules
6.2. Global Cannabis Capsule Market, Segmentation By Compound, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Tetrahydrocannabinol (THC)-Dominant
- Cannabidiol (CBD)-Dominant
6.3. Global Cannabis Capsule Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Sales
7. Cannabis Capsule Market Regional And Country Analysis
7.1. Global Cannabis Capsule Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Cannabis Capsule Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/s0cpxd
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