Asia Pacific Cannabis Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (Flower, Concentrates, and Others); Application (Medical, and Recreational); Compound (Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant, Balanced THC and CBD), and Country
Market Introduction
The use of cannabis in the medical industry has grown significantly in recent years. It is obtained from Indian hemp plants named cannabis indica and cannabis sativa. Different forms of cannabis are available, such as marijuana, hashish, and hash oil. Cannabis is being used for medical purposes for many years. Recent studies show that cannabis may be useful to help conditions, such as nausea and vomiting, particularly when associated with chemotherapy, glaucoma, epilepsy, and asthma.
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Market Overview and Dynamics
The Asia Pacific cannabis market is expected to reach US$ 22,870.6 million by 2027 from US$ 2,318.6 million in 2019. The market is anticipated to grow at a CAGR of 28.6% from 2020 to 2027. Factors driving the market growth include increase in research on medical cannabis and rising cannabis industry in Southeast Asia. Demand for cannabis products is expected to increase during COVID-19 pandemic to treat breathing illness, nausea and vomiting symptoms. However, restriction on the use of cannabis in the region is likely to hinder the market growth during the forecast period.
Key Market Segments
In terms of product type, the flowers segment held the largest share of the market in 2019; however, the concentrates segment is anticipated to register the highest CAGR during the forecast period. Based on application, the medical segment held a larger share of the market in 2019 and the recreational segment is estimated to register a higher market share during the forecast period. Likewise, in terms of compound, the pain management segment held a larger share of the market in 2019 and is estimated to register a higher CAGR in the market during the forecast period.
Major Sources and Companies Listed
Council of Scientific Research’s Indian Institute of Integrative Medicine, and Ministry of Food and Drug Safety are some of the major primary and secondary sources for the Asia Pacific cannabis market included in the report.
Reasons to buy the report
- To understand the Asia Pacific cannabis market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the Asia Pacific cannabis market
- To efficiently plan M&A and partnership deals in the Asia Pacific cannabis market by identifying market segments with the most promising probable sales
- To help in taking knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments of the Asia Pacific cannabis market
- To obtain market revenue forecast for market by various segments from 2019 to 2027 in the region
Asia Pacific Cannabis Market Segmentation
By Product Type
- Flowers
- Concentrates
- Others
By Application
- Medical
- Pain Management
- Neurological Health Management
- Mental Health Management
- Others
- Recreational
By Compound
- Tetrahydrocannabinol (THC)-Dominant
- Cannabidiol (CBD)-Dominant
- Balanced THC and CBD
Company Profiles
- Cannabis Science, Inc.
- Tikun Olam
- Terra Tech Corp.
- Tilray
- The Cronos Group
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Cannabis Market– By Product Type
1.3.2 Asia Pacific Cannabis Market– By Application
1.3.3 Asia Pacific Cannabis Market – By Compound
1.3.4 Asia Pacific Cannabis Market– By Region
2. Cannabis Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Cannabis – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific
4.3 Expert Opinion
5. Asia Pacific Cannabis Market – Industry Dynamics
5.1 Key Drivers
5.1.1 Growing Research for Medical Cannabis
5.1.2 Rising Cannabis Industry in Southeast Asia
5.2 Key Market Restraints
5.2.1 Restriction for Cannabis
5.3 Key Market Opportunities
5.3.1 Growing Production Of Cannabis
5.4 Future Trends
5.4.1 Growing Acceptance of Cannabis Products
5.5 Impact Analysis
6. Cannabis Market – Regional Analysis
6.1 Asia Pacific Cannabis Market Revenue Forecast And Analysis
6.2 Market Positioning of Key Players
7. Cannabis Market Analysis – By Product Type
7.1 Overview
7.2 Cannabis Market Revenue Share, by Product Type, 2019 and 2027 (%)
7.2.1 Asia Pacific Cannabis Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
7.3 Flowers Market
7.3.1 Overview
7.3.2 Flowers Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Concentrates Market
7.4.1 Overview
7.4.2 Concentrates Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Others Market
7.5.1 Overview
7.5.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
8. Cannabis Market – By Application
8.1 Overview
8.2 Cannabis Market, by Application, 2019 and 2027 (%)
8.2.1 Asia Pacific Cannabis Market, by Application – Revenue and Forecast to 2027 (USD Million)
8.3 Medical Market
8.3.1 Overview
8.3.2 Medical Market Revenue and Forecast to 2027 (US$ Mn)
8.3.3 Pain Management
8.3.3.1 Overview
8.3.3.2 Pain Management Market Revenue and Forecast to 2027 (US$ Mn)
8.3.4 Neurological Health Management
8.3.4.1 Overview
8.3.4.2 Neurological Health Management Market Revenue and Forecast to 2027 (US$ Mn)
8.3.5 Mental Health Management
8.3.5.1 Overview
8.3.5.2 Mental Health Management Market Revenue and Forecast to 2027 (US$ Mn)
8.3.6 Others
8.3.6.1 Overview
8.3.6.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Recreational Market
8.4.1 Overview
8.4.2 Recreational Market Revenue and Forecast to 2027 (US$ Mn)
9. Cannabis Market – By Compound
9.1 Overview
9.2 Cannabis Market, by Compound, 2019 and 2027 (%)
9.2.1 Asia Pacific Cannabis Market, by Compound – Revenue and Forecast to 2027 (USD Million)
9.3 Tetrahydrocannabinol (THC)-Dominant Market
9.3.1 Overview
9.3.2 Tetrahydrocannabinol (THC)-Dominant Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Cannabidiol (CBD)-Dominant Market
9.4.1 Overview
9.4.2 Cannabidiol (CBD)-Dominant Market Revenue and Forecast to 2027 (US$ Mn)
9.5 Balanced THC and CBD Market
9.5.1 Overview
9.5.2 Balanced THC and CBD Market Revenue and Forecast to 2027 (US$ Mn)
10. Cannabis Market– Regional Analysis
10.1 Asia Pacific: Cannabis Market
10.1.1 Overview
10.1.2 Asia Pacific: Cannabis Market– Revenue and Forecast to 2027 (USD Million)
10.1.3 Asia Pacific Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
10.1.4 Asia Pacific Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
10.1.4.1 Asia Pacific Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
10.1.5 Asia Pacific Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
10.1.6 Asia Pacific Cannabis Market Revenue and Forecasts to 2027, By Country (%)
10.1.7 Japan Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.7.1 Japan Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.7.2 Japan Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
10.1.7.3 Japan Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
10.1.7.3.1 Japan Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
10.1.7.4 Japan Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
10.1.8 China Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.8.1 China Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.8.2 China Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
10.1.8.3 China Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
10.1.8.3.1 China Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
10.1.8.4 China Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
10.1.9 India Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.9.1 India Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.9.2 India Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
10.1.9.3 India Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
10.1.9.3.1 India Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
10.1.9.4 India Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
10.1.10 Australia Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.10.1 Australia Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.10.2 Australia Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
10.1.10.3 Australia Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
10.1.10.3.1 Australia Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
10.1.10.4 Australia Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
10.1.11 South Korea Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.11.1 South Korea Cannabis Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.11.2 South Korea Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
10.1.11.3 South Korea Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
10.1.11.3.1 South Korea Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
10.1.11.4 South Korea Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
11. Impact of COVID-19 Pandemic on Asia Pacific Cannabis Market
11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12. Cannabis Market–Key Company Profiles
12.1 Cannabis Science, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 Product Portfolio
12.1.5 Swot Analysis
12.1.6 Key Developments
12.2 Tikun Olam
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 Product Portfolio
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Terra Tech Corp.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 Product Portfolio
12.3.5 Swot Analysis
12.3.6 Key Developments
12.4 Tilray
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 Product Portfolio
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 The Cronos Group
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 Product portfolio
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Cannabis Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 2. Asia Pacific Cannabis Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 3. Asia Pacific Cannabis Market, by Compound – Revenue and Forecast to 2027 (USD Million)
Table 4. Asia Pacific Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
Table 5. Asia Pacific Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 6. Asia Pacific Medical Market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 7. Asia Pacific Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 8. Japan Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
Table 9. Japan Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 10. Japan Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 11. Japan Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 12. China Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
Table 13. China Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 14. China Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 15. China Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 16. India Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
Table 17. India Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 18. India Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 19. India Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 20. Australia Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
Table 21. Australia Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 22. Australia Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 23. Australia Cannabis Market Revenue and Forecasts to 2027, By Compound (US$ Mn)
Table 24. South Korea Cannabis Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
Table 25. South Korea Cannabis Market Revenue and Forecasts to 2027, By Application (US$ Mn)
Table 26. South Korea Medical Market Revenue and Forecasts to 2027, By Type (US$ Mn)
Table 27. South Korea Cannabis Market Revenue And Forecasts to 2027, By Compound (US$ Mn)
Table 28. Glossary of Terms, Cannabis Market
LIST OF FIGURES
Figure 1. Cannabis Market Segmentation
Figure 2. Cannabis Market Segmentation – By Region
Figure 3. Asia Pacific Cannabis Market Overview
Figure 4. Flowers Segment Held Largest Share Of Product Type Segment In The Cannabis Market
Figure 5. China Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Asia Pacific Analysis
Figure 7. Asia Pacific Cannabis Market – Revenue Forecast And Analysis – 2019- 2027
Figure 8. Market Positioning Of Key Players In Cannabis Market
Figure 9. Cannabis Market Revenue Share, by Product Type, 2019 and 2027 (%)
Figure 10. Flowers Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 11. Concentrates Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 12. Others Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 13. Cannabis Market, by Application 2019 and 2027 (%)
Figure 14. Medical Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 15. Pain Management Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 16. Neurological Health Management Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 17. Mental Health Management Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 18. Others Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 19. Recreational Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 20. Cannabis Market, by Compound, 2019 and 2027 (%)
Figure 21. Tetrahydrocannabinol (THC)-Dominant Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 22. Cannabidiol (CBD)-Dominant Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 23. Balanced THC and CBD Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 24. Asia Pacific: Cannabis Market, by Key Country – Revenue (2019) (USD Million)
Figure 25. Asia Pacific Cannabis Market Revenue and Forecast to 2027 (USD Million)
Figure 26. Asia Pacific Cannabis Market Revenue and Forecasts To 2027, By Country (%)
Figure 27. Japan Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 28. China Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 29. India Oncology Drugs Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 30. Australia Cannabis Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 31. South Korea Cannabis Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 32. Impact of COVID-19 Pandemic on Cannabis Market in Asia Pacific Countries
The List of Companies - Asia Pacific Cannabis Market
- Cannabis Science, Inc.
- Tikun Olam
- Terra Tech Corp
- Tilray
- The Cronos Group
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